Shark Tank Dr Cubes
In this episode of Shark Tank India Dr Cubes, a hygienic ice cubes making brand presents the pitch. Will the founder get a deal from the sharks? To know about the deal read till end.
|Company name||Dr Cubes|
|Founders||Naveed Munshi and Pramod Tirlapur|
|Ask||₹80 lakhs for 15% equity|
Dr Cubes Founder
Naveed Munshi and Pramod Tirlapur are the founders of the company. They are from Bangalore.
About the company Dr Cubes
Ice is connected to our daily life. Especially through drinks in parties or sometimes helping some injured person. Ice is readily available in the market but the quality of water used in making ice is a place of question. To solve all this problem and bring hygienic ice cubes Dr cubes is present here. Doctor cubes gives you fresh and hygienic eyes that meet all the food and beverage consumption parameters.
Along with quality punctuality is their USP. They have a record of delivery items always in time through Zomato. They are available on E-Commerce platforms such as Swiggy, Zomato etc. Their business works throughout the year 24 into 7. They also handle the ice requirement of other industries. They are available in multiple types of ice such as cube ice, gourmet ice, crushed ice and infused ice. The company started in December 2017. When they tie up with any company, their ice is tested with 67 parameters. For the last 4 years they have been serving ice to all the Tata groups. They serve the product from big corporations to small fruit juices shops.
Ask by the Owner Dr Cubes
The owner made a ask of 80 lacs for 15% equity of the company at the valuation of 5.33 crores.
Dr Cubes Sales And Revenue
The lifetime sales is 1.2 crore kgs of ice. They have served 2.5 lakh customers. Bengaluru ice market size is 250 crores. The cost of ice per kg is Rs 8 to Rs 10. Annual sales in FY 18-19 were 50 lacs, sales in FY 19 to 20 were 1.2 crores, sales in FY 20-21 were 76 lakhs, sales in FY 21- 22 were 1.10 crores, sales in FY 22- 23 till date were 75 lakhs. The projected sales in FY 22 to 23 is 2.5 crores. The gross margin in wholesale is 45% and in retail, it is 60%. Out of total revenue, 60% comes from wholesale and 40% comes from retailers. The net margin is 35%.
Shark Tank Proost
Offers and counter offers
No offers were given as all the sharks stepped out of the deal.
Dr Cubes Final deal
No deal was finalized.