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Bang Curry Single Company EIS
Authentic, Healthy Curry Kits
Highlights
This round has £250,000 of EIS coverage available, on a pre-money valuation of £3,000,000
- Over 250,000 curry kits sold to date
- £600,000 raised to date
- The UK World cuisines market is worth £2.3 billion (2022)
- Founder Shelly has one simple aim. To help bring delicious, authentic curry to your kitchen
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The overview information provided on this website is based on the data representations contained in the EIS Investor Deck provided by the firm ‘Bang Curry’.
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Type: Single Company EIS
Total raised to date: £600,000
Sector: Food & Consumables
Minimum: £5,000
Funds Sought: £250,000
Deadline: 30th November 2023
Summary
BANG! Curry was launched by Shelly Nuruzzaman and Mark Johnson to connect people with authentic food. Inspired by traditional recipes and cooking techniques from Shelly’s family, both in Bangladesh and the UK, BANG! Curry offers a range of quick, easy and healthy, scratch-cooking products.
You can visit their website or request a meeting with the team here.
About Bang Curry
BANG! Curry was launched by Shelly Nuruzzaman and Mark Johnson to connect people with authentic food. Inspired by traditional recipes and cooking techniques from Shelly’s family, both in Bangladesh and the UK, BANG! Curry offers a range of quick, easy and healthy, scratch-cooking products.
Curry cooking products haven’t changed much over the years and consumers are met with a lack of authenticity. BANG! Curry connects the ‘home cooking’ community with authentic curry meals, quickly and easily, operating in the UK market where 89% of people eat world food.
The Market
World cuisine market value is £2.3bn and is forecast to grow to nearly £2.6bn by 2026.
•Income squeeze will continue to support world cuisines market.
•World cuisines continue to enjoy almost universal usage.
•Cooking skills gained during the pandemic will further encourage people to cook from scratch. Long term increase in cooking from scratch predicted.
•Healthy food is a top priority for consumers with HFSS legislation being delayed to October 2023.
•Ready meals and sauces play a sizeable role in the world cuisine market and are among product categories falling within the regulation.
• Restrictions on television advertising for HFSS products due beginning of 2024, will further impact sales of sauces and ready meals, potential growth for the accompaniments sector.
•Considerable interest in products that are suitable with both meat and meat-free dishes.
*World Cuisine UK, May 2022, Mintel; **Meal Kit Global Market Report 2022, Market Size, Trends and Global Forecast 2022-2026’, The Business Research Company
Business Model
Having grown their business purely online up until this point, in 2023, Bang Curry developed and launched a new range which is food service and retail ready. A new patented product approach will significantly increase convenience across our sales channels.
Employing a new sales team and onboarding senior industry advisors in the last 6 months, means the company are well-positioned to scale in these markets. Food service will give Bang the volume of sales to support our further expansion and scaling.
Bang Curry’s 5 year business plan represents scaling in the UK market in year 1 and starting to export in Year 2.
Team
Shelly Nuruzzaman – CEO & Co-Founder
Following a Physics PhD from Imperial College published scientist Shelly, went on to a high achieving career in London’s investment sector. Resulting in VP of Trading Research delivering industry leading fintech products.
Mark Johnson – Co-Founder
20 years working in cutting edge technology. An experienced board director bringing innovative products to market. Experienced Chartered board Director with over 15 years of commercial, operations and P&L responsibility.
Rakesh Sharma – Key Investor and Advisor
Experienced FTSE 250 Chief Executive. Strong Business Development, skilled in strategy, M&A. Rakesh is an advisor offering guidance and advice on scaling.
Steve Kent – Food Service and Wholesale Advisor
Grew Discovery Foods from £1M revenue to a revenue of over £60M, taking 33% market share.
Ben Penrose – Retail Sales Specialist
Former Tescos grocery buyer and category specialist. Specialising in retail proposition and launch.
Financial Projections
| Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | |
|---|---|---|---|---|---|
| Volume | 188K | 447K | 1.1M | 2.33M | 3.86M |
| Revenue | £394K | £943K | £2.3M | £4.88M | £8.07M |
| EBIT | £-6K | £152K | £393K | £1.54M | £3.42M |
IMPORTANT: The above is a forecast only and is not guaranteed, and investors capital is at risk. These forecasts are provided by Bang Curry. Please download the Investment Deck for further details.
Risks
As with all offers found on Kemeny Capital’s website, this offer is exclusively aimed at UK resident persons who are required to self-certify as either a Sophisticated Investor or High Net Worth Individual.
The value of investments may go up as well as down and there is no guarantee of any investment return. Investments in private companies carry significant risks including loss of capital, illiquidity, and no guarantee of regular income from the investment. You should understand the risks involved and be capable of making investment decisions based upon your personal circumstances. Past Performance is not an indicator of future performance.
