Raasa has Raised INR 50 Lakhs for 25% equity from Shark Tank India season 2, along with the condition of having a tech co-founder, Anupam, invested in this startup.
The founders made an ask of ₹50 lakh for 5% equity of the company at the valuation of ₹10 crores. Due to having no tech co-founder in the company Piyush stepped out of the deal. Amit stepped out of the deal by saying there could be regulatory problems. According to Namita and Aman company is at the prototype stage and currently not fit for investment, and they stepped out too.
Anupam offered INR 50 lacs for 25% equity of the company at the valuation of 2 crores with the condition of bringing a tech co-founder and providing him with an equal equity share.
The founder of the company is Manik Sehgal from Delhi. He has completed an MBA from the Delhi Time School of Marketing. He also worked as a strategic planner in a marketing company for 15 years. The co-founder of the company Vikas Sharma and also worked as a KPO. Both have 45% equity in the company each, and 10% equity lies with the street vendors.
Raasa was launched in March 2022 to develop an ecosystem for this unorganized street food vendor. The company gives name and branding to these unorganised food vendor. As we all know, street food vendors face several problems. They talked with many food vendors and found some significant issues, such as these vendors needing a primary brand name.
The services provided by Raasa are that they give a brand name and a unique ID number and help them procure a fssai license. They help these vendors on board Zomato and Swiggy. They provide the best groceries at a reasonable price to save time from grocery shopping. And then they also provide them with training under chefs.
Raasa Business Statistics:
The Indian market size of the Raasa business is ₹3.5 lakh crores annually. Raasa worked with 20 kart partners. His August 22 sales are ₹40000. His vision is to connect with 10 lacs vendors and increase their income three times in the upcoming three years.
Problem solved by Raasa
We all have that favourite street food vendor whose food is our favourite. Street food is quite popular in India, but street food vendors face several problems. Raasa devised the idea to solve significant problems, such as these vendors having no major brand name. Some of the major problems solved by Raasa are –
- Providing them with branding and a unique ID number.
- Help them in procuring a fssai license.
- Help these vendors onboard Zomato and Swiggy.
- To save time from grocery shopping, provide them best groceries at reasonable price
- And they also provide them with training under chefs
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