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Welcome to the “Tagz Chips Company Profile” We’ll kick things off by diving into the heart of the company, exploring its origins and getting to know the visionary founder behind it all. Once we’ve set the stage, we’ll delve into the financial facets that drive Tagz foods success.
From its impressive net worth and funding milestones to its revenue streams, turnover, and valuation, we’ll leave no stone unturned.
And just when you think you’ve seen it all, we’ll take you behind the scenes of Tagz Chips thrilling appearance on Shark Tank, uncovering the drama and excitement of that pivotal event. Get ready for an engaging journey through the rise of Tagz Foods.
Tagz Chips Company:
Table of Contents
- 1 Tagz Chips Company:
- 2 Which legal entities is Tagz Food associated with?
- 3 Tagz Chips Founder:
- 4 Tagz Chips Net Worth In Tagz Chips Company Profile:
- 5 Tagz foods Investors:
- 6 Tagz Chips funding:
- 7 Tagz Chips Revenue:
- 8 Tagz chips Valuation:
- 9 Tagz chips founder net worth:
- 10 Tagz Chips Turnover:
- 11 Tagz Foods Shark Tank India:Season 1:All update:
- 12 FAQ question:
Tagz, a chips manufacturing company founded in 2019 in Bengaluru, India, aims to provide Indian consumers with uniquely baked flavored chips that are both healthy and delicious. The company has been in the market for more than 5 years.
What Is Tagz Chips Company?
Tagz is a chips and snacks manufacturing startup brand that began in 2019 in the Bengaluru .Their main objective of this brand was to offer healthy snacking option to the Indian Consumer that is not only healthy but also taste.
Mission and Vision:
The company Tagz follows this vision: when it comes to snacks, taste is everything, And when it comes to life, we love being active and enjoying the outdoors.
That’s why they have made it their mission to use cutting-edge food technology to create top-notch, innovative snacks—perfect for those who crave delicious flavors and are smart about their nutrition. Taste the adventure with every bite.
Now that we’ve covered the introduction of Tagz Food along with its mission and vision, it’s time to move on to the next topic: getting to know the visionary founder behind the creation of this innovative company by digging deep in Tagz chips Company Profile.
Which legal entities is Tagz Food associated with?
Current Tagz food is associated with only 1 Legal entity named:QANS CONSUMER PRODUCTS PRIVATE LIMITED.
Remaining details is provided in the table below:
| Legal Entity Name | Date of Incorporation |
|---|---|
| QANS CONSUMER PRODUCTS PRIVATE LIMITED | June 24, 2019 |
Now that we have completed the introduction of the company “Tagz Food,” let’s move on to our next topic in the Tagz Food company profile , where we will discuss the founders of the company.
Tagz Chips Founder:
Anish Basu Roy and Sagar Bhalotia is one of the dynamic co-founders and owners of Tagz Foods , a company launched in 2019 under his guidance. Along with two other founders, the company has grown exponentially.
Before starting Tagz chips, co-founder and owner Anish Basu Roy gained 13 years of valuable experience in the F&B sector and other industries while working with a reputable company.
If you wind to know more about the Tagz foods founder then have a visit to there LinkedIn profile where you will get detailed information about the achievement, education and corporate experience about both co- founder of Tagz Chips.
- Anish Basu Roy LinkedIn profile
- Sagar Bhalotia LinkedIn profile
Now, let’s move on to the next section in the “Tagz chips Company Profile.” In this part, we will take our first step into the financial profile of Tagz, starting with a discussion about the company’s net worth.
Tagz Chips Net Worth In Tagz Chips Company Profile:
The net worth of tagz, as per the recent update published in April 01,2023 following is expected to, around Rs 28 Crore, which is roughly equivalent to $335k .And is expected to reach to Rs 50-80 Crore by the end of financial year 2024-2025.
Having said that the Net Worth of the any company depends on various factors some of the factors are:-
- Investors of Tagz foods
- Total funding raised by Tagz Chips
- Revenue generated by Tagz chips
- Valuation of Tagz chips
- Tagz chips founder net worth
- Tagz Chips Turnover
Let’s dive deeper into the “Tagz chips Company Profile” and explore the essential financial aspects that shape its net worth and other financial factors.So,Let’s go and discuss them one by one.
Tagz foods Investors:
Tagz chips has all most 18 institutional investors some of them include Venture Catalysts , Dexter Angels and 9 Unicorns.Among them 9 Unicorns is the largest investor in Tagz chips. Ankesh Kumar and 62 others are Angel Investors in Tagz Foods.
And if we talk about the shark tank investors in Tagz the Ashneer Grover has invested a total sum of Rs 70 Lakhs for 2 % equity stakes in Tagz chips.
Here is the information without the “Funding Amount” column:
| Date of Investment | Round Name | Investors |
|---|---|---|
| Jun 05, 2023 | Angel | Shikhar Dhawan |
| Jan 01, 2023 | Seed | 9Unicorns, Dexter Angels, and 12 more |
| Dec 29, 2021 | Seed | Ashneer Grover, Ash Grove LLP, and 6 more |
Now that we’ve introduced the key investors driving the growth and funding of the company, let’s delve into the next part of the blog in Tagz chips company profile overview where we will discuss the total funding that Tagz has raised up to date.
Tagz Chips funding:
As per the current update Tagz Foods has raised a total funding of $3.09M over 6 funding rounds. It’s first funding round was conducted on Oct 04, 2019. It’s latest funding round was a Angel round that was conducted on Jun 05, 2023 for an undisclosed amount. 1 investor participated in it’s latest round, lead by Shikhar Dhawan.
The details of each funding round is provided in the table below:
Here is the information without the empty columns:
| Date of Funding | Funding Amount | Round Name | Investors |
|---|---|---|---|
| Jun 05, 2023 | Undisclosed | Angel | Shikhar Dhawan |
| Jan 01, 2023 | $2M | Seed | 9Unicorns, Dexter Angels, and 12 more |
| Dec 29, 2021 | $231K | Seed | Ashneer Grover, Ash Grove LLP, and 6 more |
Moving on to the next segment of the “Tagz chips Company Profile”, let’s dive into the revenue generated by the company. Let’s explore how Tagz has been performing financially.
Tagz Chips Revenue:
In financial year 2023-2024 ,Tagz has hit a milestone, raking in a substantial Rs 23 crore in operating revenue, despite encountering a setback with a Rs 4.6 crore loss. While these figures may seem modest on the surface, they carry a significant impact when placed in the context of the brand’s humble beginnings.
And this is definitely going to increase to Rs 50-80 crore by the end of financial year 2024-2025.
Now, let’s move on to the next topic in the “Tagz Chips Company Profile,” where we will discuss the Valuation of Tagz foods.
Tagz chips Valuation:
Current if we talk about the valuation of Tagz chips in 2024 then the valuation ofthe company has increased from Rs 26.8 Cr in 2023 to Rs 74.7 Cr in 2024 based on the rapid growth of the company it is soon going to reach the Rs 100 Cr mark valuation by the end of 2025.
Tagz chips founder net worth:
As of the last update from the company in April 2023, the founder’s net worth was estimated to be Rs 26.8 crore, holding 35.85% of the company. However, in 2024, the scenario has changed due to the company raising $2 million in funding from investors.
The company has not yet disclosed the new figures, but estimates suggest that in 2024, the founder’s total net worth has increased to between Rs 50-80 crore.
Now to the last part of financial parameters in Tagz Foods company profile that is the turnover of the company that does not have a direct impact on the financial of the company but plays a vital role in determining the market status of the company.
Tagz Chips Turnover:
Tagz Foods generated a turnover of Rs 23 crore with a loss of Rs 4.6 crore in the financial year 2023-2024. Despite this, the company has consistently achieved a turnover between Rs 18-25 crore each year.
For the financial year 2024-2025, Tagz Foods is projecting a turnover between Rs 50-80 crore.
Now moving on to the final part of the blog about Tagz Chips company profile, let’s explore how Tagz Chips gained its popularity through its Shark Tank journey.
Tagz Foods Shark Tank India:Season 1:All update:
In this section of the blog, we will dive into the exciting journey of Tagz Chips on Shark Tank. We’ll explore the details of their pitch, the deal they secured, and, finally, the remarkable transformation of Tagz Foods Company after their Shark Tank experience.
Tagz Foods Shark Tank Deal:
Tagz Foods received two enticing offers on Shark Tank. The first was a combined offer from Aman Gupta and Namita Thapar, proposing Rs 70 lakhs for a 3% equity stake in the company. The second was a solo offer from Ashneer Grover, offering Rs 70 lakhs for a 2% equity stake.
In the end, among the two offers, the owners of Tagz Foods humbly selected Ashneer Grover’s offer of Rs 70 lakhs for a 2% equity stake in the company.
Tagz Chips After Shark Tank:
After receiving funding from Shark Tank, the company experienced remarkable growth. Its revenue surged from Rs 8.97 crore in April 2023 to a staggering Rs 23 crore in 2024.
FAQ question:
Who is the founder of Tagz chips?
The founder of tagz foods is Anish Basu Roy which is currently owning 35.84 stack of his own company named Tagz foods.
Is tagz chips profitable?
Yes tagz is profitable but for now all profits of the business is reinvested in building the business of tagz.
Tagz chips founder net worth?
Tagz chips founder net worth for the end of FY 2023 is currently estimated 26.80 Corer and it is estimated to increase Rs 74 Cr at the end of FY24.
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