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A millet processing factory is being built with a 15 crore investment by Millet Marvels, a millet food startup backed by actor and cardiologist Bharat Reddy.
A plant near Sultanpur with a daily processing capacity of nine tonnes of whole grains is going to be constructed.
According to Rishika Reddy, Executive Director of Millet Marvels, it will begin operating in December.
To build the facility, the company is seeking funding from angel investors.
“The facility conforms to the United States Department of Agriculture (USDA) and BRC (British Retail Consortium) certificates,” she said.
According to Bharat Reddy, the processing facility would help the company support its expansion plans.
“We currently provide millet food to patients at the Apollo hospitals in Hyderabad. We would like to expand the service to other hospitals in the Apollo network in other parts of the country,” he said.
The company’s monthly turnover from restaurants and products has been pegged at Rs 50 lakh.
The start-up, incubated at the Indian Institute Millet Research’s (IIMMR) Nutrihub incubator, currently runs a chain of millet food outlets in the city.
“We are also planning to expand this to other parts of the country,” he said.
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