Noida-based Nurture Well Foods Private Limited confirmed the closure of the private placement round, with India Inflection Opportunity Fund (IIOF) investing Rs 500 million in the company.
Nurture Well specializes in manufacturing and selling of multi-category premium cookies and biscuits such as butter-rich cookies, centre-filled products, and more. The Company supplies its products through retail outlets and also online through different e-tailing portals. It has a strong distribution network of 150+ Business Partners covering North Indian states such as Jammu & Kashmir, Himachal Pradesh, Punjab, Rajasthan, Uttarakhand, Delhi-NCR and Uttar Pradesh. The Company’s biscuits are also sold in international markets such as UAE, Kuwait, Somalia, Tanzania, Afghanistan, Congo, Kenya, Rwanda and Seychelles.
The Company has a State-of-the-art manufacturing unit in Export Promotion Industrial Park (EPPIP), Alwar District (Rajasthan), with total installed capacity of approx. 32,200 MTPA. Further, the Company has overseas subsidiary catering to global markets. The Company has manufacturing tie-ups in Malaysia inorder to seize the benefits of raw material availability and smooth global supply chain.
Nurture Well demonstrates a strong and solid financial foundation, Nurture Well has an approximate top line of Rs 2,750 Mn growing at CAGR of 47% over Fiscal 2021 to 2024. The Company had robust return ratios of Return on Equity of 28% and Return on Capital Employed of 24% with Fixed Asset Turnover of 3.8x.
