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Mushroom Moguls: Couple's $15 Cr Dream Blooms
24 Oct
Summary
- Couple cultivates exotic mushrooms, generating ₹15 crore annually.
- Overcame a Rs 2 crore loss during the 2020 pandemic.
- Business offers varieties like shiitake, cordyceps, and gucchi.
Engineering couple Naveen Patwal and Poonam Sharma founded Planet Mushroom, specializing in exotic mushroom cultivation in India.
Initially facing skepticism and financial challenges, Naveen secured a Rs 1.35 crore loan in 2007 to begin growing button mushrooms.
By 2013, after meeting and marrying Poonam, they expanded their operation with a Rs 12 crore loan. However, the COVID-19 pandemic in 2020 inflicted a Rs 2 crore loss.
Undeterred, they launched Planet Mushroom, focusing on exotic varieties. As of FY25, their business produces 200 kgs of mushrooms daily, achieving an annual revenue of ₹15 crore and serving various clients, including restaurants and direct consumers.
