Unisync-Newsletter-Nov24

Download as pdf or txt
Download as pdf or txt
You are on page 1of 19

NEWSLETTER

ISSUE NOVEMBER 2024

FOOD STARTUPS EDITION


INSIDE 03
Message From the
13
Food Tech Startups Revolutionising
Founder's Desk India’s Food Ecosystem

04
Theme Article
17
Startup Updates
& Fundings

06
Case Studies
18
Book Review

11
Top Food Tech 19
Startups in India Event Update

Unisync Angels
Offers startups access to funding, expert mentorship, networking opportunities, strategic
insights, and resources to accelerate growth and enhance market presence.

Culinary Incubator:
A program that provides resources and support for food entrepreneurs
to develop and launch their products.
02
MESSAGE FROM THE FOUNDER’S DESK
WORLD OF FOOD STARTUPS
D ear Readers,

Welcome to this special edition focused on the CA Mayank Desai


exciting world of food startups! Co-Founder, Unisync Angels
Partner, Y.B. Desai & Associates
The food startup ecosystem in India is
undergoing a significant transformation, driven
by evolving consumer preferences, technological
Sustainability is a key investment driver. Startups
advancements, and increased focus on
focusing on reducing carbon footprints, waste, and
sustainability. In 2024, food startups have
water consumption are at the forefront of
attracted substantial investor attention,
receiving capital. This is evident in the rise of
particularly in the areas of plant-based
companies like Source, which uses solar energy to
alternatives, food tech, and sustainable food
extract clean water from the atmosphere, and
production.
Oatly, which raised $75 million to expand its dairy-
alternative product lines.
One of the most prominent trends is the rise of
plant-based and alternative protein startups. As
The funding landscape reflects a broader shift in
consumers become more health-conscious and
priorities—investors are not only looking for
environmentally aware, plant-based products are
profitable ventures but also for those with
seeing unprecedented demand. Startups like
long-term, positive environmental impacts. As we
Meati Foods, which raised $150 million for its
move forward, we expect this trend to continue,
mycelium-based meat substitutes, and NotCo,
with startups that prioritize health, sustainability,
leveraging AI to create plant-based foods, are
and technology leading the next wave of food
leading the charge in this sector.
innovation.

Additionally, food technology is rapidly gaining


Let’s dive into the future of food entrepreneurship!
ground. AI, machine learning, and robotics are
being utilized not only to enhance food
Best Regards
production but also to optimize supply chains
CA Mayank Desai
and minimize food waste. Investors are keen to
back startups that are integrating these
technologies to scale their operations and
reduce environmental impact.

03
THEME ARTICLE
FOOD STARTUPS
R evenue in the Food market amounts to
US $9.09tn in 2024. The market is expected to Marketplaces
grow annually by 6.48% (CAGR 2024 - 2029). In
global comparison, most revenue is generated Blinkit Flipkart
in China (US $1,603bn in 2024). In relation to
total population figures, per person revenues of BigBasket
US $1,173.00 are generated in 2024.In the Food
market, 7.5% of total revenue is generated Zepto Licious
through online sales. Food market is expected
to show a volume growth of 3.9% in 2025.

The food startup market is growing, with the Tea delivery startups
food delivery segment in India expected to
reach Rs 2 lakh crore by 2030. The food tech
industry is also expected to grow at a Chaayos
compound annual growth rate of 5.57% until
2028, reaching a market size of $360.1 billion.

Here are some food startups in India:


Chai Point

Restaurant delivery startups

Swiggy Startup that delivers eggs,


bread, butter, and juices
Zomato
Milkbasket
Faasos

Meal Kit Services: Companies providing pre-portioned


ingredients and recipes for consumers to cook meals at home,
04 often focusing on convenience and variety.
2. Sustainability and Eco-Friendly Practices:
Natural drinks brand Sustainability is becoming a core value for
many food startups, with a focus on reducing
waste, using sustainable packaging, and
sourcing ingredients responsibly. Brands that
Paperboat
emphasize eco-friendly practices are
resonating with environmentally conscious
consumers.

Batter brand that uses 3. Technology Integration: Food tech is


only natural ingredients revolutionizing the industry, with startups
adopting technologies like AI for personalized
nutrition, blockchain for transparency in
ID Fresh Food sourcing, and automation for efficiency in
production and delivery.

4. E-commerce and Direct-to-Consumer (DTC)


Agricultural marketplace Models: The shift towards online shopping
has led to a rise in e-commerce food startups,
offering consumers the convenience of home
Ninjacart delivery. DTC models are gaining traction as
brands look to build direct relationships with
their customers.

5. Meal Kits and Prepared Meals: The popularity


Agricultural marketplace of meal kits and ready-to-eat meals is on the
rise as consumers seek convenience without
sacrificing quality. Startups that offer flexible
Waycool subscription models and diverse meal options
are thriving.

6. Cultural Fusion and Global Flavors: Food


startups are increasingly experimenting with
cultural fusion, blending global Flavors and
Current Trends in the culinary traditions to create unique and
Food Startup Industry innovative products that appeal to
adventurous eaters.

1. Health and Wellness Focus: Growing


consumer demand for healthier food options
is driving startups to develop products that
are organic, low-calorie, plant-based, and free
from artificial ingredients. Startups focusing
on health and wellness are capturing
significant market share.

Upcycled Food:
Products made from food ingredients that would otherwise go to waste.
Startups focus on reducing food waste by repurposing surplus ingredients
05 into nutritious and sustainable food products.
CASE STUDIES
REBEL FOODS (FAASOS): THE GLOBAL CLOUD KITCHEN GIANT

Milestone

International Expansion and Multi-Brand Strategy

Overview

Rebel Foods, founded in 2011, began as a physical restaurant brand (Faasos) before pivoting to a
cloud kitchen model in 2015. Rebel Foods operates multiple virtual restaurant brands such as
Behrouz Biryani, Oven Story, Mandarin Oak, and Faasos under a single platform.

Key Achievements

Global Expansion: Rebel Foods expanded its cloud kitchens to over 10 countries, including the
UAE, UK, Indonesia, and Singapore, becoming one of the largest cloud kitchen operators globally

Scalability: Rebel Foods manages 4,000+ cloud kitchens globally, powered by advanced
technology and a hyper-efficient supply chain that allows the company to scale rapidly in new
markets

Valuation: The company hit unicorn status in 2021 and continues to attract investment, raising
$155 million in 2023 to fuel further expansion..

Challenges Addressed

Rebel Foods solved the high overhead costs of traditional restaurants by embracing the asset-light
cloud kitchen model. This allowed them to scale multiple brands simultaneously without the need
for physical retail spaces.
Launched by Rebel Foods

06
CASE STUDIES
BIG BASKET: REVOLUTIONIZING ONLINE GROCERY DELIVERY

Milestone

Solving Last-Mile Delivery Challenges at Scale

Overview

BigBasket, founded in 2011, is India's largest online grocery delivery service. It addressed a critical
consumer need for a reliable and convenient grocery shopping experience, especially in urban areas
where traffic congestion and busy lifestyles limited physical shopping.

Key Achievements

Supply Chain Mastery: Big Basket has created one of the most efficient supply chain networks
in India, with dark stores and micro-fulfillment centers that enable rapid delivery of fresh
groceries.

Acquisition: BigBasket was acquired by Tata Group in 2021, further strengthening its position in
the online grocery market and giving it access to vast resources to scale.

Food Safety:
Innovation in Delivery: BigBasket
Practices launched "BB
and regulations Daily," that
ensuring offering
foodearly morning
products aredelivery
safe forof fresh
milk and daily essentials.
consumption, vital for maintaining consumer trust.

Challenges Addressed

BigBasket overcame the logistical complexity of ensuring the freshness of perishable goods by
investing in a robust cold storage infrastructure and a technology-enabled distribution network.

07
CASE STUDIES
CHAI POINT: SCALING A BEVERAGE BUSINESS WITH TECH

Milestone

Tech-Enabled Growth and Retail Expansion

Overview

Founded in 2010, Chai Point began as a chain of tea stores, offering a convenient option for India’s
beloved beverage. The company later evolved into a tech-driven business, offering a range of
beverages through retail stores, cloud kitchens, and vending machines (boxC).

Key Achievements

Omnichannel Presence: Chai Point expanded its distribution channels, operating not only
physical outlets but also delivering chai through cloud kitchens and vending machines in offices.

Tech Adoption: With the launch of boxC, a proprietary tea and coffee vending machine, Chai
Point catered to large corporate clients and became a B2B player, expanding its customer base
significantly.

Sustainability: Chai Point introduced environmentally friendly packaging, emphasizing its


commitment to sustainability.

Challenges Addressed

Chai Point solved the challenge of providing consistent quality across various distribution channels
by implementing a technology-enabled supply chain and automating beverage preparation in
vending machines.

Sustainability:
Practices that promote environmental health and
resource conservation in food production and consumption.
08
CASE STUDIES
LICIOUS: PIONEERING FRESH MEAT DELIVERY

Milestone

Rapid Growth and Product Expansion

Overview

Founded in 2015, Licious started with a simple mission: to deliver fresh, hygienically packed meat
and seafood directly to customers. Licious quickly gained traction by addressing a major gap in the
Indian market—access to high-quality, fresh, and clean meat products. The company adopted an
end-to-end supply chain model, ensuring quality control from farm to fork.

Key Achievements

Growth: Licious has expanded its operations across 20+ cities in India and built a loyal customer
base of over 2 million.

Product Innovation: The startup diversified its offerings beyond raw meat to include marinated
meats, ready-to-cook products, and cold cuts, catering to consumers' growing demand for
convenience.

Funding: Licious secured $150 million in its Series E round in 2023, giving it a strong capital
base to scale further.

Challenges Addressed

Licious tackled the challenge of inconsistent meat quality in India by building its own infrastructure
for sourcing, processing, and delivering fresh products within 90-120 minutes

Allergen-Free Foods:
Products designed for individuals with food allergies or
intolerances, catering to a growing market of health-
09 conscious consumers.
CASE STUDIES
THE WHOLE TRUTH FOODS: TRANSFORMING HEALTHY SNACKING

Milestone

Solving the "Clean Label" Challenge

Overview

Founded by Shashank Mehta in 2019, The Whole Truth Foods entered the competitive snacking
market with a mission to offer "clean-label" snacks with no added sugar, preservatives, or hidden
ingredients. Shashank was driven by his own struggles with understanding food labels and
unhealthy eating habits.

Key Achievements

Trust and Transparency: The brand is known for its transparent labeling, listing every ingredient
on the front of its packaging.

Strong Consumer Loyalty: The Whole Truth Foods rapidly gained popularity among health-
conscious consumers, especially millennials.

Brand Growth: The startup has expanded into energy bars, nut butters, and protein mixes,
available both online and offline.

Challenges Addressed

Convincing price-sensitive Indian consumers to pay a premium for clean-label snacks required
emphasizing long-term health benefits and building loyalty. Additionally, intense competition from
global and local players challenged the brand, but its unique transparency and clean ingredients
helped differentiate it. Through these efforts, The Whole Truth Foods built trust and a loyal customer
base, especially among millennials.

10
Top Food Tech startups in India

Zomato Curefoods
Online platform offering a Cloud-kitchen platform offering
discovery platform for food on-demand food. It develops
ordering and delivery from and manages food brands and
restaurants. It enables users to products including cloud
discover restaurants, browse kitchens, QSRs, and
Founded Year: Founded Year:
2008 the menus, and order food. The 2020 restaurants. It offers pizzas,
platform allows restaurants to biryanis, parathas, cakes, rice
Gurugram add its name in the website. Its Bengaluru preparations, ice creams, tools,
(India) mobile application is available (India) and more
on Android and iOS platforms.
Key facts about Curefoods
Key facts about Zomato
Stage: Series D
Stage: Public Funding: $191M
Funding: $1.69B Investors: Accel, Brand
Investors: Temasek, Fidelity Capital and 59 Others
Investments and 48 Others

Swiggy EatClub
App-based platform providing Provider of virtual network of
food, grocery, and parcel delivery restaurant for ordering food. It
services. The platform enables enables users to discover
users to discover restaurants,
multiple types of restaurants
dine-in, and order food. It also
from nearby locations. The
Founded Year: allows users to order groceries Founded Year:
2014 such as fruits, vegetables, 2012 customers can order food
beverages, meat, seafood, and online, and have them delivered
Bengaluru more. It also provides documents Mumbai home. It offers desi meals,
(India) and medicine deliveries. The (India) biryani, wraps, and more. The
mobile application is available on services are available in cities
both Android and iOS platforms. like Mumbai, Pune, Bangalore,
and Gurgaon.
Key facts about Swiggy
Key facts about EatClub
Stage: Series K
Funding: $3.62B
Investors: Goldman Sachs, Stage: Series D
Bessemer Venture Partners Funding: $75.7M
and 66 Others Investors: Mayfield, Tiger
Global Management and 79
Others

11
UrbanPiper EazyDiner
Provider of cloud-based EazyDiner is an online platform
restaurant management for booking tables at
software. The company offers a restaurants. It allows users to
SaaS platform for restaurants reserve tables, get pre-paid
and food businesses with discounted meals & vouchers,
Founded Year: Founded Year:
2015 features that include billing, 2014 get reviews, and more. The
returns tracking, restaurant company offers mobile
Bengaluru POS, ordering automation, Gurugram applications for Android and
(India) customer account profiles, (India) iOS devices.
barcode scanning, loyalty
program, sales tracking, Key facts about EazyDiner
eCommerce, and inventory
management. Stage: Series C
Funding: $21.1M
Key facts about UrbanPiper Investors: Saama Capital,
Beenext and 16 Others
Stage: Series B
Funding: $32.3M
Investors: Tiger Global
Management, Peak XV
Partners and 30 Others

HungerBox Dalchini
Provider of cafeteria Provider of meal vending
management solutions. The machines. It enables users to
platform provides digital locate vending machines based
solutions including food menu on the location and order using
designing, food safety audit, the app by scanning the code
Founded Year: Founded Year:
2015 recommendations, and more. 2017 at vending machines. The
mobile application is available
Bengaluru Key facts about HungerBox Noida for both Android and iOS
(India) (India) platforms.
Stage: Series C
Funding: $50.4M Key facts about Dalchini
Investors: Shinhan Venture
Investment, Pratithi Stage: Series A
Investments and 31 Others Funding: $6.73M
Investors: Texport
Industries, Unicorn India
Ventures and 28 Others

Culinary Experiences:
Startups that create food-related events, workshops, or unique dining
experiences (e.g., pop-up restaurants, cooking classes).
12
Food Tech Startups Revolutionising India’s Food Ecosystem

Good Dot Founding Date: 2016

Founders: Abhishek Sinha, Stephanie Downs, Deepak Parihar, Taranum


Bhatia & Shruti Sonali

Good Dot is a plant-based meat startup inspired by the founders’ concerns


about health, animal welfare and the impact industrial livestock has on the
planet. It launched India’s first vegan chicken analogue, and their product
line now includes chicken strip-like <Veg Bytz=, a high-protein mock chicken
dubbed <Proteiz= and their classic ready-to-cook product <Vegicken=. All their
products are created from a mix of plant protein ingredients, such as soya,
pea and wheat protein.

GoodDo Founding Date: 2018

Founders: Abhinav Sinha, Abhishek Sinha, Deepak Parihar & Shruti Sonali

GoodDO is a vegan kiosk chain founded by the same team behind plant-
based food tech Good Dot. The core mission of GoodDO is to popularise
veganism by serving a range of dishes made from Good Dot’s mock meats,
catering to both local appetites and those looking for an international fast
food bite. Some of their dishes include chicken tikka, curry bowls, biriyani, as
well as its vegan <Gurber=, which has notably reached price parity with its
conventional meat counterpart at McDonald’s. They currently operate
across 3 different Indian cities and will be opening more outlets soon.

EVO Foods Founding Date: 2019

Founders: Kartik Dixit & Shraddha Bhansali

EVO Foods is India’s first and leading plant-based egg startup using food
science and plant biochemistry to develop a vegan egg alternative, which
they hope will catalyse much needed disruption for a more sustainable food
system. The Mumbai-based food tech’s first product is a 100% plant-based
liquid egg made from protein derived from lentils, which contains no
cholesterol and antibiotics. It recently received angel investment from
veteran vegan entrepreneur and investor Ryan Bethencourt as well as US-
Asia impact investment firm Big Idea Ventures.

13
Mister Veg Founding Date: 2018

Founders: Rupinder Singh & Simarjeet Singh

Mister Veg is headquartered in Faridabad and is on a mission to create


cruelty-free and nutritious plant-based meat and seafood alternatives for the
Indian market. They are focused on providing shelf-stable and affordable
meat alternatives. In addition to vegan seafood and meat, Mister Veg’s
product line includes plant-based ready-to-eat meals that contain no
preservatives but can be kept at room temperature for an extended period of
time. While currently self-funded by the founding partners, Mister Veg has
recently been admitted to Berlin-based ProVeg Incubator’s latest 2020 batch
of food tech startups and is looking to scale-up and fundraise in the future.

Goodmylk Founding Date: 2018

Founders: Abhay Rangan

Bengaluru-based Goodmylk is a plant-based dairy company that initially


started as a door-to-door service. The brand now manufactures a range of
dairy-free products such as cashew-oat mylk, peanut curd, plant-based
butter and vegan mayonnaise, all of which are available for purchase on
their own website and Alibaba-backed grocery app BigBasket. Operator of
the brand, Veganarke Enterprises, recently closed its second seed funding
round with US $400,000, bringing the total financing raised so far to around
US $800,000

Soft Spot Foods Founding Date: 2018

Founders: Anushi Patel

Soft Spot Foods is a vegan creamery brand specialising in 100% plant-based


cheeses. Based in Mumbai, the startup produces a range of vegan cheeses
made with cashew milk and coconut oil. Its product line includes cheddar
cheese, parmesan, mozzarella and a cheese spread, which are sold in over
40 retail outlets across the country. Soft Spot Foods made headlines late
last year when it partnered with PizzaExpress India to launch 100% plant-
based cheese pizzas on its menus, which won the restaurant a 2019 Vegan
Dining Award for the country’s best vegan margherita by PETA India.

Gourmet and Specialty Foods:


Artisanal producers focusing on unique flavors, ingredients, or
traditional recipes (e.g., specialty chocolates, craft sauces).
14
Sain Founding Date: 2017

Founders: Sheena Jain & Tarun Jain

Headquartered in Delhi, Sain is a vegan dairy startup offering fresh almond


milk products. Its almond milk comes in various flavours, including cacao,
vanilla and cardamom. All their products are available online via their
website, and customers can purchase bottles individually or subscribe to a
monthly plan. They currently only deliver to Delhi and Gurugram, but are
looking to expand to more geographical locations and increasing their dairy-
free product range in the future given funding opportunities

Oats’Up Founding Date: 2020

Founders: Animesh Gupta

Oats’Up is a brand created by plant-based food and beverage company


Healthy Desires. While a completely bootstrapped startup and in post-
validation pilot stage, they have announced that their main product will be
an oat milk beverage, which isn’t watery or chalky and can be used to create
dairy-free drinks or vegan recipes. They have begun generating traction
through collaborations with local gyms and cafés.

Plantmade Founding Date: 2019

Founders: Rahul Dewan

Plantmade is a vegan brand creating plant-based alternatives to popular


animal-based food items such as egg, meat and dairy. While little details
about the startup have been revealed, Plantmade has announced that their
first product is a vegan mung-bean-based scrambled egg or anda bhurji,
which will match the nutritional profile of regular eggs without any artificial
flavourings or preservatives. Other products in the pipeline include a vegan
version of paneer, which is a fresh cheese popular in India

Food Safety:
Practices and regulations ensuring that food products are safe for
consumption, vital for maintaining consumer trust.
15
PlantByte Foods Founding Date: 2017

Founders: Arthi Deiva

PlantByte is a Bangalore-based startup that aims to prove 100% plant-based


and natural functional foods suitable for people with an active lifestyle, with
a focus on improving people’s health while protecting the planet. Their main
product brand is STRIVE, a vegan protein shake beverage that comes in
several flavours, which is made with pea protein as its primary ingredient. It
is the first company in India to launch a completely vegan ready-made
protein drink

Latest funding rounds in the food startup sector as of October 2024

Meati Foods (Plant-based Food Tech): Raised $150 million in NotCo (AI Food Tech): Raised $45 million to develop its proprietary
Series C funding led by Revolution Growth, focusing on creating food technology that uses AI to create plant-based food products.
whole-cut meat alternatives using mycelium.

Farmers Fridge (Healthy Vending): Completed a $35 million


Fanciful Foods (Plant-based Food Tech): Secured $100 million in a funding round to expand its smart vending machines offering fresh
Series B round led by notable investors to expand its product lines. salads and meals.

Sweetgreen (Fast Casual Restaurant): Completed a $90 million Yumble (Kids Meal Delivery): Raised $30 million to enhance its
Series G funding round to enhance its digital ordering capabilities subscription service for healthy, pre-prepared meals for children
and expand its restaurant locations.

Oatly (Dairy Alternatives): Raised $75 million in equity funding to Plantible Foods (Plant-based Protein): Secured $25 million in a
strengthen its production capacity and product development. funding round to further its research and development in plant-
based protein sources

The Good Food Institute (Non-profit for Plant-based Foods): Secured $50
million in a funding initiative aimed at promoting plant-based alternatives.

16
STARTUP UPDATES & FUNDINGS:

Swiggy launches 10-min food delivery service 8Bolt9: Magicpin becomes largest food delivery seller app
Swiggy has launched a new 10-minute food delivery on ONDC: On Tuesday, Magicpin announced its
service called "Bolt" in select cities. The service position as the largest food delivery seller on the
focuses on quick-to-prepare meals from popular Open Network for Digital Commerce (ONDC),
restaurants within a 2-kilometer radius. With Bolt, processing nearly 150,000 daily orders. Since joining
Swiggy delivers from over 2,700 restaurants, ONDC in March 2023, it has increased restaurant
including KFC, McDonald's, and Starbucks, all within partnerships from 22,000 to 70,000 by September
10 minutes. Currently operational in Bengaluru, 2024. Within four weeks of launching, Magicpin
Chennai, Hyderabad, New Delhi, Mumbai, and Pune, boosted its orders from 100 to 10,000 in May 2023,
Bolt plans to expand to more areas soon. reaching 150,000 orders this year.

Zomato9s total income crosses Rs 5,000 Cr in Q2 Curefoods in talks to buy Krispy Kreme from Dubai9s
FY25, posts Rs 176 Cr PAT: Zomato, a leader in food Landmark Group: Curefoods is in talks with Dubai's
technology and quick commerce, achieved Landmark Group to acquire the rights to sell Krispy
impressive quarter-on-quarter growth of 68.5% in its Kreme doughnuts in India, ahead of its upcoming $40
operating revenue, which rose to Rs 4,799 crore in Q2 million funding round. The negotiations may also lead
FY25, compared to Rs 2,848 crore in Q2 FY24. This to Landmark Group investing in Curefoods' ongoing
growth was primarily driven by the expansion of $40 million round. Curefoods' existing backer
Zomato's core food delivery business, its B2B Chiratae Ventures has committed around $15 million
Hyperpure vertical, and Blinkit. Additionally, Zomato’s in the funding round, valued at $450-500 million. The
board has approved a resolution to raise Rs 8,500 deal discussions are still in the early stages, and
crore through qualified institutional investors. This some contours could change.
decision comes at a time when Zomato's competitor,
Swiggy, is preparing for a public listing.

Consumer food brand Yu raises Rs 55 Cr in Series B round: Consumer food brand Yu has successfully raised ₹55
crore ($6.5 million) in a Series B funding round, co-led by Ashish Kacholia and the Asian Promoter Group.The
company reports that some of its seed-stage investors have realized over four times their original investment,
providing them with a significant exit opportunity.The new funds will be utilized to enhance distribution,
strengthen its food portfolio, and expand its beverage range, which includes the newly launched line of 100% fruit
juices, as stated in a press release from Yu.

Farm-to-Table: A movement emphasizing locally sourced food


directly from farms to consumers.
17
BOOK REVIEW
GOOD FOOD, GREAT BUSINESS
(WRITTEN BY: SUSIE WYSHAK)
Good Food, Great Business is a Wyshak also covers the importance of scaling
comprehensive guide for anyone looking to at the right pace to ensure long-term
transform a food idea into a thriving business. sustainability.
The book is filled with practical advice, case
studies, and strategies tailored for food 4. Sales Channels and Distribution: The book
entrepreneurs. Wyshak, who has experience explores various sales avenues such as
working with food startups, offers insights farmer’s markets, online platforms, and retail
into both the creative and operational aspects partnerships. Wyshak gives advice on how to
of launching and scaling a successful food evaluate which channels suit a business model
business. and product offering.

Key Points: 5. Networking and Community Building:


Entrepreneurs are encouraged to build
1. From Concept to Market: Wyshak relationships within the food community—
emphasizes the importance of product whether with other business owners, suppliers,
development, market research, and or customers. The book stresses the
consumer testing. She outlines steps for importance of collaboration and learning from
refining a food idea to meet customer others’ successes and challenges.
needs and stand out in a competitive
market. 6. Legal and Regulatory Know-How: Wyshak
dives into the critical, yet often overlooked,
2. Branding and Storytelling: The book aspects of food business compliance, including
highlights the value of creating a strong licensing, health regulations, and product
brand narrative, which resonates with labeling requirements.
today’s consumers. Wyshak shares tips on
Why It’s a Must-Read
how to build a story that reflects the
entrepreneur's vision and connects Good Food, Great Business stands out as a hands-
emotionally with the audience. on resource for aspiring food entrepreneurs. Its
blend of real-world advice and creative inspiration
3. Financing and Growth: Financial planning makes it a valuable tool for turning a passion for
is essential, and the book provides food into a profitable venture. Whether you're
guidance on how to budget for costs, seek starting with a homemade recipe or looking to scale
funding, and understand the cash flow. your artisanal food product, this book offers
practical steps for making the journey smoother

18
Upcoming Event:

May this festival spark growth, innovation,


and success for your startup!

Global angel investment platform,


empowering startups by providing growth capital and connect.

FOR STARTUPS FOR INVESTORS

To raise funds from UNISYNC, To become UNISYNC ANGEL,


please submit your details at please submit your details at
https:bit.ly/UnisyncStartup https:bit.ly/UnisyncInvestor

OUR PRESENCE

INDIA: Mumbai I Delhi I Bangalore I Ahmedabad I Surat


INTERNATIONAL: Singapore I Dubai I London I San Jose

FOR MORE DETAILS, REACH OUT TO US:


Unisync Angels Private Limited
1st Floor Provyz, B-wing SNS Atria +91 95126 67000 I [email protected]
Opp. Jolly Party Plot, Vesu, Surat www.unisyncangels.com

You might also like