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Gud Gum Company Profile| Financials Detailed Overview 2024

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Featured image of gud gum company profile

In this blog about Gud Gum company profile, we will delve into the remarkable financial journey of Gud Gum, a new Indian startup that has quickly made a name for itself. Our main focus will be to provide detailed information about the company’s financials and give you insights into the company, including information like:

  • About Gud Gum company
  • Details about the founder of Gud Gum Company
  • Total Net Worth of Gud Gum Company
  • Funding raised by Gud Gum till date
  • About Investors who has put there trust and money in Gud GumCompany.
  • Revenue of Gud Gum company till data
  • Turnover of the company
  • Total Valuation of the company and many more

About Gud Gum company profile:

GUD GUM COMPANY IMAGE

Gud Gum is a company that provide a healthier alternatives for all chewing gum lovers and the company themself has clamed there chewing gum to be 100% natural, plastic free, sugar free ,biodegradable and vegan and they clams to have there ingredients directly sourced from nature.

Gud Gum is sweetened with Xylitol and Stevia, two natural and low-calorie sweeteners. It’s flavored with essential oils and colored with natural extracts. Some say that Gud Gum is a wonderful product that helps reduce plastic use and is good for your health.

Now lets move on to the next part in Gud Gum company profile where we will be discussing about the founder of gud gum.

Gud Gum Owner:

Image of Gud Gum Owner

Bhuvan Nagori and Mayank B. Nagori, the dynamic duo behind Gud Gum, have taken India’s natural chewing gum market by storm. Hailing from Bengaluru, their company quickly rose to national fame after making a splash on Shark Tank India in Season 3.

Since then, Gud Gum has become a household name, celebrated for its commitment to natural ingredients and refreshing flavors.

Before starting its own venture Bhuvan Nagori has gathered corporate experience of approximately 9 years as a proprietor and retail sales manger currently he is working as a co-founder in his own farm Gud Gum.For more details about the owner feel free to have a visit to his LinkedIn profile.

Now moving on to the next topic in Gud Gum company profile where we will be primarily discussing about the net worth of the company in past 2 years.

Gud Gum Net Worth:

As of April 2023, Gud Gum, the innovative Bengaluru-based startup, reported an impressive milestone—earning over Rs 6 lakh in revenue in just one month and based on the funding received the company’s net worth is estimated to roughly Rs 8 Crores as of 2024 is concerned.

The company, founded by Mayank and Bhuvan Nagori, has proudly confirmed that they have already sold over 500,000 pieces of India’s first plastic-free, 100% natural chewing gum.

Thoughtfully packaged in tin boxes and paper, Gud Gum not only delivers a refreshing treat but also leads the charge in environmental sustainability, making it a standout brand in the market.

Now, moving on to the next part of the Gud Gum company profile, we will primarily discuss the total funding they received in the angel round.

Gud Gum Funding:

In their most recent funding round on February 16, 2024, Gud Gum secured a significant boost with an angel investment of $96.4K USD, approx. Rs 80 lakhs for 10% equity and 4% royalty on each goods sold.

The funding came from none other than Ritesh Agarwal, the CEO and founder of OYO Rooms, adding a powerful ally to Gud Gum’s mission of delivering India’s first plastic-free, 100% natural chewing gum.

Having completed the funding section of this blog post about the Gud Gum company profile, we will now discuss the investors who have invested their hard-earned cash into the company.

Gud Gum Investors:

Image of Gud Gum Investors

In Gud Gum’s latest funding round on February 16, 2024, the company attracted an impressive lineup of investors, including Vineeta Singh, Anupam Mittal, Aman Gupta, and Ritesh Agarwal.

Each of these prominent figures invested Rs 20 lakh for a 2.5% equity stake in the company. Additionally, they secured a 1% royalty each, demonstrating their strong belief in Gud Gum’s potential as a leader in the natural, plastic-free chewing gum market.

Hence giving them a combined offer of Rs 80 Lakh for 10% equity and 4% royalty on per good sold.since we have completed the Investors part for this blog let’s move on to the revenue part where we will be talking about the founders net worth.

Gud Gum founder Net Worth:

Gud Gum founders net worth image

The founder’s net worth plays a vital role in the financial standing of the company. As of the last angel round conducted on February 16, 2024, the founder still holds 90% of the company, with an estimated net worth of around Rs 1-2 crore.

Moving on to the next part of our blog where we will be talking about the total revenue the company has generated from 2023-2024.

Gud Gum Revenue:

As of April 2023 is concerned the company was able to generate a revenue of Rs 6 lakhs in a single month which is roughly equal to Rs 72 lakhs of revenue in a year as per the 2023 data company has sold more than 5 lakh pieces of gum and uses eco-friendly packaging like paper and tin boxes.

According to the company, they plan to increase their revenue tenfold by the end of the financial year 2024.

This plan has already been set in motion through a partnership with one of India’s most prominent businessmen, who is committed to making Gud Gum a household name across the country.

Gud Gum Company Competitors:

Competitors play a crucial role in shaping the market size for any new startup. The tougher the competition, the smaller the market share you can capture, limiting your company’s growth potential.

Gud Gum company competitors list in India:

Here are the top 3 Indian competitor company of Gud Gum:

  • Kandee Factory
  • ASAP bars
  • House Of Candy

Now moving on to the next topic where we will be talking about the total valuation of Gud Gum after receiving funding in shark tank season 3.

Gud Gum Company Valuation:

As of February 16, 2024, Gud Gum the company was valued at Rs 7 crore after receiving the funding of Rs 80 lakhs from four sharks. But they are initially aiming to achieve the valuation of Rs 20 Crore by the end of financial year 2024.

Now, moving on to the next part in the “Gud Gum Company Profile,” we will discuss the turnover that Arata is able to generate in a year.

Gud Gum Turnover:

As of April 2023, the company generated a monthly revenue of Rs 6 lakhs, which translates to an annual revenue of approximately Rs 72 lakhs.

According to recent data published by The Economic Times, the company’s sales are increasing rapidly, and this growth is expected to significantly boost its turnover by the end of the financial year 2024.

Let’s dive into the final topic of this blog: the “Gud Gum Company Profile.” Here, we’ll explore the company’s valuation, the compelling pitch that captured the Sharks’ attention, and the exciting deal they secured during Shark Tank Season 3.

Gud Gum Shark Tank India Season 3:

Image of Gud Gum in shark tank India Season 3

Gud Gum made its debut on Shark Tank Season 3 on February 16, 2024. They kicked off their pitch by introducing their innovative product—a natural, sugar-free gum that stood out because it wasn’t made with plastic compounds or harmful chemicals.

The Sharks were intrigued after testing the product, and Gud Gum’s unique approach led to an offer that combined both equity and royalty, showing the Sharks’ confidence in the brand’s potential.

Deal Gud Gum Had Received In Shark Tank:

In Shark Tank Season 3, Gud Gum scored a major win by securing a deal of $96.4K USD (approximately ₹80 lakhs) for 10% equity and a 4% royalty on each product sold.

This impressive offer was a combined effort from four Sharks: Vineeta Singh, Anupam Mittal, Aman Gupta, and Ritesh Agarwal. Their collective belief in Gud Gum’s potential gave the company a significant boost.

Now let’s close our blog with the most asked FAQ question related to Gud Gum company

FAQ question’s:

When was Gud Gum founded?

Gud Gum company was founded in year 2022 but the company has started its operation in 2023.

Where is Gud Gum located?

Gud Gum is an Indian company and its headquarters is located in Bengaluru, India.

Is Gud Gum a funded company?

Yes, Gud Gum is a founded company , the company has recently raised a angel round where they have raised the total funding of 80 lakhs for the dilution of 10% equity of his company.

When was the latest funding round of Gud Gum?

The most recent funding round for Gud Gum was an Angel round, held on February 16, 2024, during one of India’s most popular business shows, Shark Tank.

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