b2b fruits marketplace - Chifu Agritech Pvt Ltd
Website - https://www.vegrow.in/
People
1 engineering leadership - https://www.linkedin.com/in/arunkumararjunan/
- Founders
- Mrudhukar Batchu -
- Kiran Naik Bhukya
- Praneeth Kumar
- Shobhit Jain
Growth
year | gross revenue in cr |
---|---|
2023 | 361 |
2022 | 100.8 |
2021 |
Fruits
Funding
- Dec 2023 - 46M - series C
- Oct 2022 - XX - series B - should be zero considering totoal raised till date is 87 mil
- July 2022 - 25M - series B
- July 2021 - 13M - series A
- May 2020 - 2.5M - seed round
https://thekredible.com/company/vegrow/financials total raised till April 2024 is 87 million 46+25+13+2.5
87 million approx 7300 crores raised till date
Key metrics
- EBIDTA = -30% in FY23
FY-22 | FY-23 | FY-24 | |
---|---|---|---|
EBITDA Margin | -28.06% | -30.05% | |
Expense/₹ of Op Revenue | ₹1.32 | ₹1.33 | |
ROCE | -36.15% | -68.38% | |
Gross Revenue | 100 cr | 361 cr |
Open Questions
- What is the current runway
- Why are excotic fruites not considered, if considered what is the split
- Channel Split
- Retailer
- Wholesaler
- Semi Wholesaler
- Exporter
- how do they do
- fixed price and consistent quality
- consistency in price and quality
- fixed price and consistent quality
Closed Questions
- What is the percentage of fruits contribution to agriculture in India
TODO
- check Citrus-ship perishables online
Unstructured
- https://alpha.app.learningpaths.io/#/highlights/public/5bb5bb5fa3664d73e323afdf?search=&intag:vegrow