Aruna Sauces - Food Development Workshop

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A presentaion by Sarah Nic Lochlainn of Aruna Sauces as part of Enterprise week 2013 - Food Product Development Workshop

Transcript of Aruna Sauces - Food Development Workshop

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Agenda• Aruna Founders• Aruna Story• Critical Path to date• Plans for the future• PR and Marketing• Funding & Finance• Challenges • Coping Strategy

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Aruna FoundersSarajit Chanda (Director) First learned to cook from his mother Aruna in BangladeshExecutive chef in restaurants in Calcutta – Sydney - Dublin since 1997MD in own food business since 2005Passion for New Product Development. International experience in recreating authentic ethnic recipes

Sarah Nic Lochlainn (Director) BA in languages led Sarah to travel and gain international experience in business Keen eye for opportunities and how to exploit themExperienced in management of business and brandsTrained in strategy, production, viability, finance, logistics & marketingEstablished contacts with media, state agencies, food trade & distributors

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Sarajit Chanda, Chef/Proprietor of

Fuchsia House Restaurant

uses his mother Aruna’s recipes to create

authentic, nutritious, delicious curries

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In 2010 Sarajit and his wife, Sarah

spotted a gap in the growing

“Dining at Home” market and used Aruna’s recipes to

create the award-winning

Aruna Sauces range

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Aruna Sauces provide home cooks with the

opportunity to create

restaurant-quality food in their own kitchens, without compromising on quality or heritage

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Available in Curry, Korma,

Roganjosh, Tikka Masala and Madras,

Aruna Sauces are clean label

Gluten FreeAdditive FreeMSG Free

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Aruna is multi Award-winning

and is produced in a BRC Grade A facility

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In 2012, we listed 250 new stockists in Ireland and Northern Ireland.

These include Superquinn, Supervalu, Spar/Eurospar, Dunnes.

Aruna will be listed in Tesco in April ’13.

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In April, we will move to a pre-printed pouch which improves Aruna as follows:

Larger pack for same RSP greater value for money for consumers opens Aruna up to family market

RSP €2.49 appeals to cost-conscious shoppers

Packaging more robust no breakages

Packaging more attractive better stand out on shelf

Longer shelf-life, 8 weeks 0% waste

Clearer instructions for use Aruna Sauce + Meat = Meal Solution

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Authentic recipe passed down from mother to son

Restaurant Quality food at home prepared by professional chef

Gluten Free

Fresh, chilled sauce allows consumers to create healthy, nutritious mealswith ease and convenience

Aruna’s USPs:

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2010• Founded Aruna• Sold product at local farmers markets• Completed feasibility study• Launched branded range• Won Blas na hEireann Awards• Designated HPSU status by EI• Listed in 20 retail outlets

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2011• Won many awards including Best Start-up and

Best Overall Business in Co. Louth• Sold Aruna at regional food festivals nationwide• Production outgrew Fuchsia House • Appointed contract manufacturer• Listed in 60 retail outlets• Doubled 2010 sales

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2012• Dragons’ Den• Moved production to factory• Meetings with multiples• Appointed distributors• Began exporting• Won Bronze at National Start-up Awards• Listed in 300 retail outlets in ROI and NI• Doubled 2011 sales

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2013• Changing product offering based on

Market Research• Appointing a distributor for ROI• Launch in Tesco April ‘13• Developing a strategy for UK• Meeting with ROI, NI and UK multiples

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Projected Sales• 2013 €350-400k

• 2014 €1m

• 2015 €3m

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PR & Marketing• Local Newspapers and Radio• Ireland AM• National Newspapers – SBP, Times, Indo, FJ • Dragons’ Den• Nationwide• EI & CEB Bulletins• National Women’s Enterprise Day• Facebook & Twitter• Websites & Blogs

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Funding & Finance• Running Costs funded by sales• Growth funded by directors’ salaries • Louth CEB – Feasibility Study• Bord Bia – MAP Grant• Louth CEB – Priming Grant• BOI - €5k overdraft, €5k term loan, €2k credit cards• Dragons’ Den – Gavin Duffy €30k• Applying to BOI for funding to print new packaging

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Challenges• Time management• Cashflow management• Recruitment • Childcare• Creating a “no-brainer”• Social Protection Policy

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Coping Mechanisms

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Enjoy the Flight!

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[email protected]+353 (0) 41 6871122

Aruna Sauces, Fuchsia House, Dundalk Road, Ardee, Co. Louth, R.O.I.

Facebook.com/arunasauces

@arunasauces

www.aruna.ie