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Nutricook has raised INR 50 lakhs for 10% equity of the company and 50 lacs debt at a 12% interest rate from shark tank season 2. Veenita Invested in this startup. The owners made an ask of a 1 crore investment for 2% equity of the company at the valuation of 50 crores.
Veenita offered INR 50 lacs for 10% equity of the company and 50 lacs debt at a 12% interest rate. Owners give a counter offer of 1 crore for 10% equity of the company and 50 lacs debt at a 12% interest rate.
Also Read Singh styled has raised INR 50 lakhs for 10% equity from shark tank season 2. Peyush invested in this startup. The owner asked 50 lakhs for 5% equity at a valuation of 10 crore rupees.
About Nutricook
The company’s founders are P Ravi Kumar Reddy and Asha V M. Ravi is from Andhra Pradesh, and Asha is from Bangalore.
Nutri Cook India Business produces Healthy & Nutrition Cooking Vessels to maintain the nutritional properties of food. Their product range includes specialties like Oil Free Food and Airfryer Hacks. Nutricook India also incorporates products that are superior in shape and technology to its steel utensils, which can provide better utility to the customers with the features like; Compact size. And Sleek design, Premium brushed stainless steel finish, Non-Stick Coating and Dishwasher Safe.
NutriCook India’s Business Vision is to work in the utensil industry, improving every aspect of it with the help of technology and educating consumers about a new way of cooking by incorporating healthy cooking tools. Their goal is that the nutritional value of the food remains after cooking in the utensils produced by them, and their products become a part of healthy eating habits.
NutriCook Business Statistics:
Nutricook price per set is ₹ 32,710. The investment so far in Nutricook is ₹4 crore. NutriCook’s Yearly Sales are:
FY 2019 – 2020 Sales – ₹80 Lakh
FY 2020 – 2021 Sales – ₹13 Lakh
FY 2021 – 2022 Sales – ₹1 Cr (FY 2021 – 2022 Profit – ₹5 Lakhs)
FY 2022 – 2023 Sales till date – ₹40 lakh
Their last month’s sales were ₹8 lahks. NutriCook’s Lifetime Sales are ₹6 crores. Nutricook has over 2500 customers. Its making cost is 40% of the selling price. Gross merging remains at 60%.
What Problem Do They Solve
We all eat homemade food because we want to remain healthy. But sometimes homemade food can be unhealthy too because of our way of cooking food and the utensils we use. Too many boiled and fried vegetables lost their nutrients. All this can lead to health problems. In order to solve these problems, Nutricook brings oil-free and waterless cookware. Features of Nutricook cookware are like; it is made of 316 L surgical-grade steel, the cookware base is made of different alloys, up to 50% gas can be saved, it provides a cool handle with the watch, and it has a multi-cooking system.
NutriCook India’s tagline is “makes your cooking healthy.” They have told in their business pitch about a new way of cooking food while maintaining the quality of food with their business logo with the colors of the flag of India.
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