Gudworld, founded by Sayali Babasahib Shinde and Preeti Prabhakar Shinde in April 2021, brings jaggery (gud) to consumers in bite-sized, flavoured cubes
Their jaggery is available in convenient 5–10 gram portions and comes in 12 flavours, including ginger and coffee
Gudworld’s jaggery cubes have a shelf life of one year and have been sold globally, with 2 crore units sold to date
Guworld Sales and Revenue: FY23-24 Revenue was ₹1.48 Crores while FY24-25 (Till October) was ₹2.2 Crores. Their projected FY24-25 Revenue is ₹6-7 Crores
Their Revenue Channels are: General Trade: 45%, Modern Trade: 15%, E-commerce & Website: 15%, Exports: 15%, HoReCa (Hotels, Restaurants, Cafes): 5%
Founders’ family has invested ₹4.5 Crores into the business. The ownership structure is: Preeti Shinde: 45%, Sayali Shinde: 25%, Family Members: 30%
The founders asked for ₹50 Lakhs for 3% equity, Varun declined. Aman revised ₹50 Lakhs for 5% equity, valuing Gudworld at ₹10 Crores
After deliberating, the founders accepted Aman’s deal, securing a significant boost for their business
Founders will expand production capacity, Grow in international markets, Optimise costs to improve profit margins, Innovate with new flavours & packaging solutions
They aim to reach 1 crore people within the next five years by expanding their footprint through online, offline, and export channels