Delta Fisheries

In their own words

WORKS OUT OF THE SHELL – Eat a whole crab with no shells to bite, for convenient diningIndustryAgricultureFrozen soft shell crabsLocationsArea of work (cultivation) is in Sundarban, West Bengal. Our presence spans across India, Thailand, Phillippines, U.K. and primarily Hong Kong.TeamSomadyuti BosePrincipal Partner : 7 years experience in advertising and media planning and buying.Mithilesh DevburmanOverseas Sales : 30 years experience in International salesEx- Air India, Marketing & CommunicationsDhruba BanerjeeHe is a graduate in Fishery Science (Hons) and has taken different trainings on technical aspects of fish processing from Government and Non-Govt. Organisation. He is directlyattached to this field since 1998 He is a food technologist (approved) and presently working as a Technical Consultant with different Fish Processing companies in W.B. His team consists of Refrigeration Engineer, Production Personnel, Civil Engineer, Software support and other allied personnel related to this trade.Team Strength : • State of the art production technique. Upgraded equipment. • Team with dedicated areas of work assigned.Advisors• MPEDACustomer BaseDomestic distribution and Exports5% Recreational Clubs, 95% Exports (indirect) – United KingdomCustomers in pipeline• South Asian NationsBusiness ModelWe currently operate on a B2B structure in the European export market. However, wish to penetrate in the South Asian markets which are providing better rates – 25 USD per Kg ProblemCrab eating has always been a difficult process. With hard shells to break and reach the meat, has always been a painful exercise. SolutionWe are trying to pay a fair price to the farmers, overcoming the involvement of agents and through our unique method of crab cultivation making way for easier crab eating for the target group of sea food lovers;.UniquenessThe crab farmers in the rural mangrove areas are deprived in terms of pay in the wholesale market. Delta Fisheries intends on removing the middle man and dealing directly with the farmers. And, our target group of customers are overcoming the difficulties of crab eating.ImpactSoft shell crabs are preferred over normal crabs as it has no hard exoskeleton and 100% meat, the end customer experiences a whole crab eating process, with no shells to bite. And this entire delicacy has lead to the development of the BPL zones of Sundarban, where the product is cultivated.Investment Required1.5 Cr.Fund utilisation :Infrastructure up gradation for larger production for export market.Market Opportunity• Size – Global Seafood Market 394.39 Mn USD in 2019• Growth (Country / Abroad) –• 3.23% growth in 2019. 56% contributed by APAC regions. Accelerated growth rate of 4% CAGR.• Purchase orders over 60 Tonnes per month, from South Asian Importers at 25 Dollars per Kg.Financials Our monthly produce is around 1.5 ton and we are planning to produce 20 tonnes per month by the third quarter of the year.Revenue (December 2020 – December 2022) – 26 LacsProjected revenue (April 2023 – March 2024) – 6.20 Cr.Global Seafood Market - 3943.9 Lacs USD in 2019.• 3.23% growth in 2019.• 56% contributed by APAC regions. • Accelerated growth rate of 4% CAGR.- Source: MPEDA

Written by the company on its public Startup India profile. Not verified by us.