New Delhi, March 29, 2018: In the next two quarters, Adurcup is looking to start its operations in Mumbai, Bangalore & Hyderabad. The company is also considering new categories like kitchen equipment’s, perishable categories, non- perishable categories. The last quarter of the financial year 2017-18, Adurcup has become operationally profitable and going forward in the next year they will be more EBITA level profitable and self-sustainable, following to a cockroach approach.
This startup has been very capital efficient as they have raised approximately 5,000$ and they are able to generate year on year turnover of 10cr. approximately in a very short period of time, which is growing at a quarter by quarter growth rate of 35%. They might consider a fund raising in the next level for the growth capital and expanding business in new market.
Adurcup has launched grocery in January, contributing almost 65% of revenue. Adurcup Grocery, which offers 1000+ SKU’s across 23 categories covering renowned brands and local offerings. The services are live in Delhi- NCR region and any restaurant can start purchasing their requirements. The cores focus of this vertical remains at providing the complete range of products at the best price in the suggested timeline at a single point, eliminating unnecessary vendor liasioning and cumbersome process. The vertical also allows daily delivery at multiple stores to help standalone restaurant out with their storage problem.
Mr. Kushang Kumar, Co-founder, Adurcup says, “NRAI estimates the Indian food services market at INR 3091 billion and expects a CAGR of 10% and projects that this will become an INR 4981.3 billion market by 2021. The restaurant industry is going to contribute about 2.1% of the country’s GDP by 2021 according to NRAI. One of the biggest factors which will allow this growth is unorganized procurement of raw materials, which is about 22% to 30% of the total cost. Today this procurement is highly organized and is dominated by traditional offline whole sellers with zero technical assistance leading to highly inefficient supply chain. We are creating a new medium for these B2B transactions to happen via its online procurement platform www.adurcup.com, capturing all data points in the supply chain by providing the required technology infrastructure to the sellers and buyers.”
Adurcup is looking to make the restaurant supply chain highly optimized by filling in gaps such as low volume purchase, controlling quality from sellers, timely delivery and accountability of goods. The company offers its services at zero subscription cost to customers which will be valid at-least until the coming quarter.
For a buyer, Adurcup enables procurement directly from phone, creating a new approach to procure for any food service business (Hotel, restaurant, café). Offering more than 5,000 SKU’s across 6 categories. Adurcup gives the buyer a lot of options with complete information to make an informed decision. Adurcup not only brings convenience to the business further guarantees faster services at better rates.
