Founded in 2018, Mumbai-based Natch is a snack food start-up offering a range of guilt-free, natural snacks. With a commitment to “snack simple,” Natch uses only real, simple ingredients, avoiding preservatives, artificial flavors, or additives. Its product range includes dried fruits and gluten-free chips, catering to health-conscious consumers looking for natural, wholesome snack options.
Natch reported revenue growth of 64% in FY24, reaching Rs 1.87 crore compared to Rs 1.14 crore in FY23. However, net losses widened to Rs 1.49 crore in FY24, up from Rs 84.57 lakh in FY23. The EBITDA margin declined to -77.13% in FY24 from -73.29% in FY23, while the ROCE worsened significantly from -157.19% to -263.08%.
The company’s expenses increased by 69% to Rs 3.36 crore in FY24, up from Rs 1.99 crore in FY23. Employee benefit costs accounted for 25.59% of total expenses in FY24, down from 28.64% in FY23. Advertisement costs rose to 6.25% of total expenses in FY24 from 5.02% in FY23. Depreciation accounted for 0.80% of total expenses in FY24, up from 0.50% in FY23, while finance costs constituted 0.35% of total expenses in FY24, up from 0% in FY23.
Natch has raised Rs 3.98 crore in funding through two rounds, with the latest investment secured in November 2023. Co-founders Meher Taff and Matthew Taff each hold a 29.63% stake in the company, while the ESOP pool accounts for 10.40% of equity.