Entrepreneur in Residence, Sattva Halwai - Apply Here

Note: This is not your run-of-the-mill job. Only high-agency candidates with an entrepreneurial mindset should apply.

About Favcy:

Favcy is India’s largest Venture Builder. We identify ventures at an idea stage and co-build them with the founders all the way up to product, traction, growth, and exit.
Starting from a simple idea to a full-blown successful scalable startup, we take founders through our tested and frugal model to ensure capital efficiency that is effective in pushing traction.

We are an end-to-end Startup Ecosystem bringing strategy, resources, and capital to the table. Having co-built 32+ startups in the last 3 years, we have a 5000+ strong founder and investor network.

Build to Sell Mission:
After over 3 years of venture building 32 startups and a 3000+ investor network with $5Mn+ of owned AUM, we have realised that:

  1. Not all founders want to build forever or build the same thing forever.
  2. Not all investors want/can afford to wait forever for their returns.

With the above understanding, India's largest venture builder - Favcy and 1stCheque are building a Build-to-Sell cohort of 6 startups, built with a clear exit strategy plan from day 0.

To learn more about Build to Sell, Please refer to our website link mentioned below:

https://bts.favcy.com/

Position: Entrepreneur in Residence - Sattva Halwai 

Company: Sattva Halwai

Location: Delhi


About Sattva Halwai:

Sattva Halwai is a visionary brand that redefines traditional Indian sweets with a healthier and innovative twist, without compromising on taste. Embracing the changing preferences of the new generation, Sattva offers a delectable range of sweets made with natural ingredients like jaggery, khaand, fruit sugar, and more. Our mission is to blend tradition with health-conscious choices, catering to the evolving demands of modern consumers.

Position Overview:

We are seeking a passionate and entrepreneurial individual to come on board as the EIR of Sattva Halwai. As an EIR, you will be instrumental in driving the strategic direction, operational execution, and growth of the Sattva brand, ensuring we become a leading name in the healthier sweets market.


Key Responsibilities:

  1. Strategic Leadership:
  • Work with the Venture Builder to define and refine the strategic vision and direction of Sattva Halwai.
  • Develop innovative strategies to merge traditional sweets with healthier ingredients and practices.

    2. Product Development, Innovation, and Financial Sustainability:
  • Oversee the development and enhancement of Sattva’s product line, ensuring it meets evolving consumer needs and contributes to financial sustainability.
  • Drive innovation in product offerings and production methods to deliver value and ensure long-term viability.

    3. Operational Execution:
  • Oversee day-to-day operations to ensure smooth execution and delivery of our products.
  • Implement efficient processes and systems to scale production, manage supply chains, and maintain quality standards.
  • Monitor and analyse operational performance metrics to drive continuous improvement.

    4. Partnership and Stakeholder Management:
  • Cultivate strong relationships with key stakeholders, including suppliers, partners, and customers.
  • Collaborate with external partners to expand our reach and enhance our product offerings.

    5. Build to Sell Strategy:
  • Develop and implement strategies aligned with the "build to sell" model, focusing on creating a valuable and attractive proposition for potential acquirers.
  • Identify key value drivers and areas of potential enhancement to maximize the company's attractiveness to potential buyers.

 

Qualifications:

  • Proven track record of entrepreneurial success, with experience in founding and scaling innovative startups or initiatives.
  • Deep understanding of the D2C market, consumer behaviour, and the evolving preferences for healthier food options.
  • Strong leadership and communication skills, with the ability to inspire and motivate teams, build consensus, and drive results.
  • Exceptional strategic thinking and problem-solving abilities, with a demonstrated ability to navigate complex challenges and seize opportunities.

 

Why Join Us:

This is a rare opportunity to co-found a venture that's set to revolutionise the sweets and savoury  market in India. You'll work alongside creative and strategic minds, have the autonomy to shape the direction of the venture. Our mission is to revolutionise the Indian sweets and snacks market by blending cherished traditional recipes with modern dietary needs, offering guilt-free indulgence without having to compromise on taste.


What’s in it for you?

  • Opportunity to be the founder of a digital-first venture solving an interesting and large-impact problem. Take the venture from 0 to 1 to 10 to 100.
  • Gain a deep understanding of the market, ideal customer profile, problem statement, problem-solution fit, competitive landscape, and business model.
  • Work with the partnership of India’s largest Venture Builder and borrow from our expertise
  • To scale an idea to a venture with speed and precision.
  • A competitive package comprising cash plus equity, reflecting the value and commitment you bring to the venture.
  • Independently manage the venture with the institutional backing of Favcy VB across all verticals of product, growth, brand, and investor relations.

Selection Process:

 

  1. CV and Application Form Submission: Begin by submitting your CV and a short application form, highlighting why you are the ideal candidate for this transformative role at Sattva Halwai.
  2. Treasure Hunt Activity: Engage in an intriguing treasure hunt activity designed to test your problem-solving skills and creativity. Success in this activity will get you shortlisted.
  3. Interview Round 1: An introductory interview to discuss your background, understand the opportunity at Sattva Halwai in more detail, and articulate your vision for contributing to the venture.
  4. Comprehensive Evaluation Form: Fill out a detailed evaluation form aimed at assessing your suitability for the Co-Founder role. This includes evaluating your strategic acumen, leadership capabilities, and alignment with our mission and values.
  5. Interview Round 2: A deeper dive into your understanding and approach to the business, building on the insights gained from the first interview.
  6. Pitch to Investment Committee: Develop and present a pitch deck outlining your vision, strategy, and plan to contribute to Sattva Halwai's success. This presentation to our Investment Committee is your chance to demonstrate your strategic thinking, operational planning, and how you envision scaling Sattva Halwai.

    Apply Here: