Gopal's 56
Initial Ask – Rs. 300 lacs for 25% equity at a valuation of Rs. 1200 Cr.
About the Company
This is a dairy free ice cream brand with fibre, which is one of a kind till now in this industry. They’ve paid special attention to people becoming vegan nowadays and being health conscious. In order to sync with the present lifestyle of people, they’ve even introduced ayurveda in few of the flavours. Having a product portfolio of 90+ ice cream flavours, they even cater the audience with shakes and creams.
They even have a branch in California, thus being able to make a global presence. Along with that, they have 3-4 branches in Delhi. Another notable characteristic of their business is raising investments in phases. But, the valuation is too steep to invest in.
Past performance of the Company
They have recorded sales worth Rs. 4 Cr. from just one branch in Kalkaji, Delhi. The company is also profitable with a net profit margin of 20%.
Industry Overview
There are a lot of people who have recently shifted to Vegan diet inspired by influencers. Thus Vegan Ice Cream is a perfect appetite for the Vegan-diet followers. However there are already some big companies like Haagen Dazs who have moved in this sector and so competing with these big players will be tough. However, this industry still has a lot of potential as not many people are aware of dairy free ice creams being available in the market.
Offers made, and the one accepted:
No sharks offered a deal.