Umthombo Springs is raising a two-stage venture round — R48 million Series A followed by an R85 million Series B — to build a natural spring water business bottling at source in the southern Drakensberg, KwaZulu-Natal, 165 km from the Port of Durban. Domestic PET funds the platform while premium glass export into the Gulf and Asia drives the margin, scaling toward R195 million of Year-5 revenue at 62% Black ownership and Level 2 contributor status, with a 4.6× Series A MOIC at a 12× exit. Headline revenue and EBITDA are preserved exactly; everything below EBITDA is independently re-derived (component depreciation, full cash interest, 27% SA tax with assessed-loss relief, working capital) with the balance sheet tying to zero every year. This plan sets out the company and its water source, market analysis, products and unit economics, production and operations, route to market, quality, certification and compliance, sustainability and water stewardship, transformation and community, management and governance, the two-series funding structure, Series A funding adequacy, the implementation roadmap, competitive positioning, full financial projections, capital structure and dilution, investor returns and sensitivity, risk analysis and independent findings, the SWOT and strategic analysis, the exit strategy, and the key performance indicators investors will track. Use the contents below to navigate the plan.

Financial snapshot

Two headline charts from the plan. Full projections and all visualisations are in Section 15: Financial Plan & Projections.