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Founder: https://www.linkedin.com/in/shreyanschopra/
1 year old. 35 people. 25 ppl added now. 25 india. 10 global.
Mumbai- HO
Building in the specialty chemical space. Business is India to world.
Use the smaller capacities to manufacture chemicals and sell them to higher economy countries.
Smaller chemical manufacturing SME.
They have a demand first approach.
They go to bigger companies first. These companies buy from local manufacturer. Mstack picks up their problem statements and try to serve that demand. They are managing the supply chain process end to end.
Chemicals Is one of the largest and globalized market in the world.
Almost 5 trillion dollars are sold.
Close to 50% of them are cross border.
Started the company in June last year.
They have been growing very fast.
ARR- 25 million dollars.
End the next year at 150.
The year after it will be 500.
Became profitable two months back.
Raised seed round from Lightspeed.
They have 4-5 years of runway.
Will be raising Series A in 3-4 rounds.
He was managing US and India finances. – all outsourced
Set up the accounting and finance functions.
Raise debt.
CFO -1 (someone who can become a CFO in the next 3-4 years).
Both India and US accounts are out sourced.
They are not able to keep pace now that they are growing.
Founder needs help manage the conversation with regards to debt with NBFCs and banks.
Build the finance function internally.
They are asset light in terms of manufacturing, but inventory is heavy.
Debt, inventory management, start-up, WC management, intrinsic revenue and pnl flow, exposure to exports (US) would be a good to have