One of Perth’s first Food and Drink Park businesses, Kumar’s Curry Club, has succeeded in securing £75,000 of funding at the recent Scottish EDGE Awards.
Scottish EDGE promotes long-term sustainability of the funding pot through its pioneering ‘EDGE pledge’, inviting award winners to sign up to contribute a minimum of 1% from exit proceeds back into the fund.
This year, Scottish EDGE received 177 applications with finalists invited to pitch to judges on 25th and 26th May in front of a live audience. Seeking early-stage, high-growth businesses with entrepreneurial potential, winners went on to benefit from a total funding pot of £1.6 Million.
Owned by Praveen and Swarna Kumar, Kumar’s Curry Club was one of only 40 businesses recognised in the 2022 awards. Praveen and Swarna impressed the judges with their ambitious strategy for growth, outlining how their frozen, premium, Indian meals business aims to scale in the next five years.
Combining spices grown on their family farm in India with quality, seasonal, British produce the company has identified two routes to market; a direct-to- consumer monthly curry club subscription model, and by selling wholesale to farm shops, delis, garden centres and small supermarket chains throughout the UK.
Leah Pape, Head of Entrepreneurship and Investment at Scottish Enterprise, said: “The high calibre of innovative applicants EDGE attracts is testament to its ever-growing reputation and gave the EDGE 19 judging panel a very tough job! Our congratulations to all the winners. Scottish EDGE has an important role to play in supporting innovative, high growth potential start-ups, and Scottish Enterprise is proud to help nurture the entrepreneurial talent that will drive Scotland’s future economic prosperity through our continued support.”
Scottish EDGE is supported by The Hunter Foundation, Royal Bank of Scotland, the Scottish Government and Scottish Enterprise and has a vital role to play in the country’s economic growth.