Ravish Dhamija
Bangalore, KA (IND)
Role(s):
C-Level Executive (CEO, CFO, etc.)
Aqua Sun
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Startup
Location:
Bangalore
Industry:
Hospitality
Year Founded:
2006
Number Employees:
1-10 people
Description:
We are looking to raise US $ 500,000 for starting a concept fine dining restaurant in Bangalore,India. We expect to break even in the first 15-18 months of operations and expect to return a profit in the second year of operations.
Our target is to expand scale to 5 restaurants by the end of 2011 with revenues of $ 5 million with good profitability margins. We are looking to raise $ 500,000 in equity financing. We anticipate a probable second stage of financing in 2009 to achieve our planned targets.