NextG Apex expands business operations across FMCG, F&B verticals

On track to reach a turnover of Rs 500 crore in the next five years

Mumbai-based startup NextG Apex has plans to expand its business operations further across several verticals – mainly FMCG, health & beauty, and Food & Beverage (F&B) – over the next 2-3 years. For the fruition of these plans, the startup will also raise its headcount and office count vigorously across India. These expansion plans are in line with their steady growth trajectory.

NextG Apex has recently launched its home brands – Mamafeast and Naturefest. While Mamafeast is a healthy breakfast food category, Naturefest offers unpolished and minimally processed dals and rice.

Amarnath Halember, Executive Director & CEO, NextG Apex India, says, “At NextG Apex, we are prepared to drive our business objectives rapidly in 2023 to achieve our Rs 500 crore milestone in the next five years. From the first to the second year of our inception, we saw a 3X rise from Rs 4-5 crore to Rs 20 crore. We anticipate a 2X rise this year because technology implementation is in the works. However, starting in 2024, there will be a 5X increase.” 

Currently, the startup has four regional offices in Mumbai, Hyderabad, Noida, and Bangalore, and there are plans to inaugurate eight new field offices in Tier 2 and 3 cities by 2024. 

While at present, the recruiting focus is concentrated in major cities that contribute over 80% of the business, soon it will shift to include the said Tier 2 and 3 cities. So, approximately 40-50% of all new hires will be from these towns. NextG Apex also plans to add 300 employees in 2-3 months, and they will raise it to 1,760 by this year’s end, 3,288 by 2024, and will reach 5,361 by 2025. 

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