Poonam Bir Kasturi is a Bangalore native. She established her company in 2006. She received her education at the National Institute of Design. She and a friend founded their craft business in 1992. She then left and established her own craft school, Sristi School of Art and Design Technology, in 1996. She received an award from India’s Prime Minister three years ago.
Arjun Dev is a co-founder from Bangalore. He works in the technology industry. He earned his MBA from IIM Banglore and his bachelor’s degree from NIT Suratkhal.
ABOUT THE COMPANY
Daily Dump is a composter design and development company. They have a wide range of products, including Terrabite, a patented product that makes composting very simple. The operation is extremely simple. Simply place your dump in the dump can and combine it with the magic powder. It will decompose and produce manure after 30 days. This is the country’s first composter brand. Khamba, Gobble Senior, and Gobble Junior are the names of their products. Daily Dump has earned the trust of over 80000 families. Their target customers fall into two categories.
One type is a community composter, which is used by housing societies and is sold through offline channels. Another type is the home composter, which is used by individuals and is sold through online channels such as Amazon, Big Basket, and others.
SHARK TANK
Pitchers requested 80 lakhs in exchange for 4% equity.
In fiscal year 21-22, sales totaled 3.75 crore rupees. The sales in FY19-20 were 4.3 crore rupees. Khamba is priced at Rs. 3500. The price of magic powder ranges between Rs.200 and Rs.500. They have reached break even for sales of 3.75-4.3 crores. The gross margin is approximately 45%. Poonam owns 65% of the company, Arjun owns 30%, and the remaining 5% is shared by three ex-employees. Community and home composters account for 30% of their sales. Terrabite composter receives 50% of the proceeds. 15% is from Remix powder, and the remaining 5% is from other products.
