Shark Tank Daily Dump
Shark Tank India features Daily Dump, composters developing and designing company. Will this company be able to impress the sharks and bag a deal? To know, read till the end.
|Company name||Daily Dump|
|Founders||Poonam Bir Kasturi and Arjun Dev|
|Ask||80 lakhs for 4% equity.|
Daily Dump Founders
Poonam Bir Kasturi is from Bangalore. She founded her company in 2006. She is trained in National Institute of Design. In 1992 she along with her friend started their craft company. Then she left out from there and founded her own craft school; Sristi School of Art and Desiging Technology in the year 1996. She has been awarded by Prime Minister of India 3 years back.
Arjun Dev, co-founder and he is from Bangalore. He is from Tech Industry. He has completed his MBA from IIM Banglore and graduation from NIT Suratkhal.
About the company Daily Dump
Daily Dump is such a company that design and develop composters. They have wide range of products and their patented product is Terrabite which makes composting very easy. The working is very simple. Simply put your dump in the dump can and mix the magic powder. After 30 days it will decompose and will produce manure. This is India’s first composter brand. Their products named as Khamba, Gobble Senior, Gobble Junior.80000+ families have trusted Daily Dump. Their targeted customers are of two types.
One is community composter, used by housing societies and are sold by offline channels. Another one is Home composter, used by individual houses, and sold through online channels like Amazon, Big Basket etc.
Ask by the Owners of Daily Dump
Pitchers asked ₹80 lakhs for 4% equity.
Daily Dump Sales And Revenue
In FY21-22 the sales was for 3.75 crore rupees. In FY19-20 the sales was 4.3 crore rupees.The price for Terrabite is Rs.20000. The price for Khamba is Rs. 3500. Cost of magic powder is between Rs.200-500. For the sales of 3.75 cr.-4.3 cr. they are at breaking even situation. The gross margin is about 45%. Poonam holds 65% equity in the company, Arjun hold 30% and rest 5% are with 3 ex-employees. 30% of their sales are from community and home composters. 50% is for Terrabite composter. 15% is from Remix powder and rest 5% is from miscellaneous products.
Offers and counter offers
Namita counter offers 30 lakhs rupees for 5% equity and 50 lakhs debt @10% interest.
Pitcher counters 50 lakhs for 3% equity and 30 lakhs rupees debt at 10% interest.
Namita counters 30 lakhs for 4% equity and 50 lakhs debt @10 interest rate.
Daily Dump Final deal
The deal was finalized with Namita for 30 lakhs rupees for 4% equity and 50 lakhs debt @10% interest.