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StartupLanes presents yet another opportunity to invest in an exciting Startup. Please watch the demoday video.
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Evening Demo Day
Punjabi Angithi is a pure vegetarian food chain originated in west Delhi 8 years ago.
They provide authentic , assorted , affordable and amazing food . They serve North Indian, chinese , Tandoori, rolls, momos and over 250+ items.
All orders are live cooked fresh to order and serve over 1.5 lac + monthly customers .
They have also ventured recently into the home and corporate catering and intend to scale the model Pan india with 75-100 stores in next 2 years .
They offer the best options both price and variety wise and their thalis are a rage amongst corporate youngsters living away from home. The food is prepared with special in-house masalas that are easy on the palette and the digestive system. All recipes are designed keeping kids in mind.
|Raising||INR 2 Crores|
|Stage||Growth Angel – Revenue|
|Commitment Received||INR 55 Lakhs|
|Valuation||INR 99.60 Crores|
|Monthly Revenue||INR 5 Crores|
|Operational Outlets||Delhi & NCR: 10|
|Minimum Investment||INR 2.5 Lakhs|
|Expected ROI||3-4x in 3 years|
They are clocking 5 crores monthly revenue from 10 outlets, leading to the average revenue per outlet of 50 lakhs, having an approximate cost of 20 lakhs for opening a new outlet. After raising 2 crores, if they open 10 more outlets in next 3-4 months, the revenue can be double taking the valuations to 2x. As the business is asset light and rapidly growing, I expect that further round of funding is possible in coming 6 months. They pay very less commission to the online food delivery apps because of their high volumes, that helps them keep the prices low for massive sales.Shishir Gupta, Founder & CEO – StartupLanes
Who can Invest?
- -> Any person willing to invest minimum Indian Rupees 2,50,000 (fifty thousand) or more for revenue stage.
- -> Minimum income of Indian Rupees 6,00,000 (six lakhs) per annum and above as per last Income Tax return. For individuals earning income in other currencies may convert to Indian Rupees and check.
- -> Any representative of a Company or Fund willing to invest minimum Indian Rupees 5,00,000 (five lakhs) or above in each startup.
-> Please fill up the Commitment Form
-> Our team will call you as per your preferred time.
-> Post verification our team will send you the necessary documents.
-> Talk to the Founder(s) if required.
-> Term Sheet and SHA to be signed.
-> Transfer funds.
-> Share Allotment.
Please fill the commitment form here: Punjabi Angithi Commitment Form.