Nilgai Which is Leading in the FMCG Race, is all Set for Global Expansion

on Sep 21, 2017 | 4963 views

Nilgai Foods, a city-based FMCG startup, is tapping the institutional segment to drive sales and is looking to raise about USD 10 million to fuel its expansion across the country, a top company official said.

The company's current institutional sales is about 10 per cent of the revenues but in 3-4 months our plan is that it should start contributing 60 per cent. Over the last one year we have been very focused on developing ultra-large institutional plants. Cocofly, which started selling on Vistara Airlines, got a good response and the company is in discussion with other airlines and Railways for sales. The fledgling company is aiming for a turnover of Rs 8 crore this fiscal and targeting around Rs 20-30 crore from institutional sales next year, while eyeing total revenue of Rs 50 crore. Focused on the Delhi-NCR market at present, the company is looking to raise around USD 10 million to fuel its expansion.

No Comments
Please to FranchiseBazar.com to post a comment or like the post. However, you can still share this post on social networks.

Recent Blogs

Top 100 Franchise in India For 2023 – FranchiseBazar
on Jan 20, 2023

Franchise Business in India Could be the shining star of India’s economy & your shortcut to starting a tried tested proven profitable business. Here is our list of the top 100 franchise opportunities curated exclusively for...

Is Medical Franchise Profitable in 2023?
on Jan 19, 2023

By Fadheela 

 

The medical and healthcare industry in India is the third largest in the world. Medical franchises in India and worldwide have recently been on the rise. This is no...

2023 Most Profitable Electric Two-Wheeler Franchise Opportunities in India
on Jan 16, 2023

 By Debatri Das

Believe it or not, Electric Vehicles are a big part of our future not only in India but in the entire world. The Government of India has taken the action of making the roads of the country filled...

Best Franchising Solution for your Investment under 2 crores
on Jan 16, 2023

Smaller communities have a lot of potential, and many people are willing to invest their money in reputable businesses. In India, where the franchise market is expanding quickly and is anticipated to reach Rs 7,000 crore by 2025, the current...