Pramod Tirlapur is the company’s Co-Founder. He is originally from Bangalore.
ABOUT THE COMPANY DR CUBES
Ice is a part of our everyday lives. Especially when drinking at parties or occasionally assisting an injured person. Ice is widely available in the market, but the quality of the water used to make it is a source of concern. Dr cubes is present here to solve all of these problems and bring hygienic ice cubes. Doctor cubes provide you with clean, fresh eyes that meet all food and beverage consumption guidelines.
Their USP, along with quality, is punctuality. They have a track record of delivering items on time via Zomato. Swiggy, Zomato, and other e-commerce platforms sell them. Their company is open 24 hours a day, seven days a week. They also manage the ice needs of other industries. They come in a variety of ice forms, including cube ice, gourmet ice, crushed ice, and infused ice. The company was founded in December of 2017. When they partner with another company, their ice is tested for 67 parameters. For the past four years, all Tata groups have received ice. From large corporations to small fruit juice shops, they serve the product.
SHARK TANK
The owner requested 80 lacs for 15% equity in the company, valued at 5.33 crores.
The total lifetime sales amount to 1.2 crore kgs of ice. They have served over 2.5 million customers. The Bengaluru ice market is worth 250 crores. Ice costs between Rs 8 and Rs 10 per kg. Annual sales in FY 18-19 were 50 lacs, 1.2 crores in FY 19-20, 76 lakhs in FY 20-21, 1.10 crores in FY 21-22, and 75 lakhs in FY 22-23 to date. The sales forecast for fiscal years 22 to 23 is 2.5 crores. The gross margin in wholesale is 45%, while it is 60% in retail. Wholesale accounts for 60% of total revenue, while retailers account for 40%. The net profit margin is 35%.
All of the sharks backed out of the deal, so no offers were made. There was no agreement reached.
