Provilac Dairy Farms Pvt Ltd
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Provilac Dairy Farms Pvt Ltd - overview
Established
2013
Location
Pune, -, India
Primary Industry
Food
About
Provilac Dairy Farms Pvt Ltd is a dairy company specializing in high-quality A2 milk from Gir cows, providing fresh milk and dairy products through an innovative online subscription model. Founded in 2013 by Siddharth Runwal, Provilac Dairy Farms Pvt Ltd is based in Pune, India. The company focuses on delivering fresh dairy products directly to consumers, without any reported pivots in its business strategy. It has raised a total of INR 3 million in funding, with the most recent deal occurring on January 22, 2018.
Provilac has successfully completed two distinct funding deals, resulting in a current company valuation of INR 172. 94 mn. Provilac’s primary offerings include a range of high-quality dairy products, specializing in A2 milk sourced from Gir cows. The company provides fresh, unadulterated milk delivered directly to consumers through a convenient online subscription model.
Additionally, Provilac offers lactose-free milk, high-protein milk, and various dairy products like paneer, ghee, and yogurt, primarily targeting urban markets in India, including major cities such as Pune and Hyderabad. In the most recent fiscal year 2023, Provilac Dairy Farms Pvt Ltd reported a revenue of INR 5,178,190 and an EBITDA of INR 17,568. 4. Their subscription-based model facilitates steady cash flow, allowing customers to order dairy products for home delivery on a regular basis.
Provilac intends to leverage its recent funding of INR 3 million raised in January 2018 to enhance its product offerings and expand into new geographic markets. The company is developing new dairy products to launch in the near future, although specific details on product releases are not disclosed. Expansion plans include entering additional urban areas across India to reach a broader customer base.
Primary Industry
Food
Sub Industries
Dairy Products, Food & Beverage Distribution
Website
www.provilac.com
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
Provilac Dairy Farms Pvt Ltd - financials
| Fiscal Year Ended | Mar 31, 2012 | Mar 31, 2013 | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | - | 2,265,047 | 6,795,623 | 11,044,877 | 24,686,770 | 40,051,953 | 81,511,326 | 142,048,396 | 246,607,954 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | 200.0% | 62.5% | 123.5% | 62.2% | 103.5% | 74.3% | 73.6% | - | - | - |
| EBITDA (USD) | (63,747) | (2,124) | (116,569.5) | (589,880) | (1,534,606) | (3,808,799) | 84,825 | 640,306 | 1,409,779 | 11,091,387 | - | - | - |
| Operating Income (USD) | (63,747) | (2,124) | (151,239.5) | (677,168) | (1,676,973) | (4,407,145) | (644,327) | 5,943 | 467,362 | 10,235,207 | - | - | - |
| Operating Margin | - | - | (6.7%) | (10.0%) | (15.2%) | (17.9%) | (1.6%) | 0.0% | 0.3% | 4.2% | - | - | - |
| % EBITDA Margin | - | - | (5.1%) | (8.7%) | (13.9%) | (15.4%) | 0.2% | 0.8% | 1.0% | 4.5% | - | - | - |
| NET Income (USD) | (48,915) | (5,832) | (163,009.4) | (681,702) | (1,727,510) | (4,434,008) | (778,753) | (111,299) | 589,322 | 8,988,237 | - | - | - |
| % Net Margin | - | - | (7.2%) | (10.0%) | (15.6%) | (18.0%) | (1.9%) | (0.1%) | 0.4% | 3.6% | - | - | - |
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