Dil Foods startup got featured in Shark Tank Season 3 in 2024. This article tells you about Dil Foods Founder, Dil foods Shark Tank, Dil Foods brands, Dil foods founder age, dil foods arpita, Dil foods order, dil foods bangalore, dil foods CEO and a lot more.
|Rs 50 lakhs for 0.5% Equity
|More than 5 + Sharks
|Shark Tank India
|Empowering and ControllinG Restaurants
Dilfoods – About the Founder | Arpita Aditi in Shark Tank 2024
Arpita Aditi is the founder of Dil Foods. She is from Ranchi, Jharkhand did her schooling at Manipal School in Biotech Engineering. She served in Himalaya Drugs, and Reliance Capital and later joined Swiggy in 2017-19.
Joining Swiggy was a turning point in her career where she was leading National Capitalships, in which she had word with over 5000 Restaurants. Arpita Realised the opportunity of building a business in the space and quit swiggy.
After she started Nutnbolt in 2020, it was an agency business where they used to manage the online business of the restaurants and ask the restaurants to focus on their dine-in business and leave the online business on Nutnbolt.
Dil Foods | About the company | Shark Tank Season 3
In April 2022, She made a pivot and launched Dil Foods as the umbrella brand.
Dil Foods is a virtual restaurant operator, which is inspired by various cultures of India and Is making fresh food brands.
When a new restaurant is opened, it has a capacity of 100 consumers, and the staff and resources of the restaurant are ready to handle the 100 consumers but when only 50 consumers come to the restaurant at that point this restaurant can join Any of 8 Cloud Kitchen brands by Dilfoods and can operate parallel with his Kitchen. This will get its resources fully utilized, and the revenue will also be maximized.
Now you must be wondering when you will order using Zomato and Swiggy and then what you will get.
Here is the answer, you will get Standardised, hygienic, and Indian traditional food that tastes like your home-cooked food.
For the last 1.5 years, Dilfoods has been associated with 65+ Restaurants and operates 111 outlets. They have made a 6 Crores + Incremental Revenue for their Partners.
Dil Foods aims to build a sustainable ecosystem in the restaurant industry where any restaurant should not close due to low customers or low revenue. They are ready to fulfill their aim.
This company owns brands, Recipes, and Supply chains.
Dil Foods uses freeze-drying technology as the dish only requires water to make it. 68% of SKUs are Standardised and they aim to standardise the 100%.
Dil Foods funding in Shark Tank 2024
Dil Foods is not in Shark Tank 2024 for the money but they want to make their company very big, so for that, they need a lot of experience and expertise so that they can face all the challenges and struggles coming their way. They feel that how a founder can tackle the problems, and help to fight these challenges nobody else can match that
Dil Foods asked for funding of Rs 50 lakhs for 0.5% Equity at the valuation of 100 Crores.
Dil Foods Revenue | Shark Tank 2024
FY22-23 Rs 7 Crores – Loss 1 Crore
FY23-24 Rs 30 Crores- Profit 2.2 Crores (Projected)
CapEx Investment – Rs 3.5 Crores
Reviews of Dil Foods Brands
The average rating of Dil Foods 8 Brands is 4 stars.
Funding Rounds of Dil Foods
Dilfoods raised 1 Crore from an Angel Investor in exchange for 7% Equity at a valuation of 14 Crores.
They raised 40 Lakhs in the Bridge round at a valuation of Rs 40 Crores.
Rs 40 Lakhs
Rs 15.5 Crores at a valuation of Rs 75 Crores
Dil Foods Unit Economics
The average order value is Rs 300, and they pay a fixed amount of 31% to the restaurant, the Packaging cost is 6%, the Gross margin and 63% and they also pay a commission of 22% to Swiggy-Zomato. Marketing cost on the platform is 10.5%, logistics is 1% Chef’s Salaries are 1%, Contribution margin is 28.5%, Salaries to the company come at 11.97%, Factory Costs about 4.88%, and Ebitda last month was 11.65%.
Dil foods Vision for the next 5 Years
They want to make 7500 Crores in the coming 5 years, in a sustainable way without burning a lot of money.
Sharks investing in Dilfoods | Dilfoods Shark Tank 2024
Ritesh appreciated the depth of Arpita’s understanding of Business. He presented an offer of Rs 50 Lakhs for 0.5% Equity and can make 1 Crore enable, he also invited Radhika to join her.
Rs 1.5 Crores for 1.5% Equity
She presented her offer of Rs 50 Lakhs for 0.5% Equity at the valuation of Rs 100 Crores. All sharks were surprised as Vineeta Singh matched the ask of the founder of Dilfoods.
She was ready to match Vineeta Singh’s offer and could join Vineeta.
Peyush appreciated Arpita for her honesty in presenting all the numbers and business insights smoothly and in a transparent manner to the Sharks. He joined their offer.
Rs 2 Crores for 2% Equity.
Aman said that if too many sharks came, the company is already having too many investors. Aman was out from the pitch, as he felt that he should devote his time to the entrepreneur who needs him more than her.
Dil Foods Counteroffer to Shark Tank Panel
Sharks panel offered Rs 2 Crores for 2.67% Equity
Arpita accepted the deal, and the deal finally got closed at the Shark’s offer.
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