Last updated on 04 February 2024.
Find everything about the pitch of Dil Foods on Shark Tank India, founder Arpita Aditi, and the latest updates about the company!
Dil Foods on Shark Tank India
This startup is here to transform the restaurant industry, so they earn more with them.
Here are the key details about their pitch on Shark Tank:
| Name | Dil Foods |
| Founders | Arpita Aditi |
| Episode | Season 3 Episode 5 |
| Ask | ₹50 Lakhs for 0.5% Equity |
| Deal | ₹2 Crores for 2.67% Equity |
| Sharks | Vineeta Singh, Peyush Bansal, Radhika Gupta and Ritesh Agarwal |
| Status | In-business |
Dil Foods is a virtual restaurant operator where that partners with other restaurants to use their resources. This is OYO for restaurants.
What happens is when a restaurant connects with Dil Foods, they will be sent pre-packed food. Their job is to recook the food and deliver it to customers online. Dil Foods will pay them for this service, which becomes their additional income.
In this transaction, Dil Foods gets a virtual working restaurant. This way, they don’t have to open any cloud kitchens, they are using other kitchens. That makes it a light Capex business model.
The founder was only ready to give 0.5% shares for ₹50 lakhs. At the time of the show, they have partnered with 65 restaurants with more than 6 crores in revenue for them.
The pitch started with the food tasting and every shark found it delicious. Everyone got a different food item from different parts of India. Above that, the pitcher knew all the numbers on point.
They also focus on adding only those food items that can be regularly eaten by customers.
While the business has money in the bank, what she is looking for in the tank is some sharky expertise. Vineeta saw this with interest and offered the same deal that the founder was asking for. Radhika, Ritesh, and Peyush also wanted to go in with her.
Watch the full pitch here:
Vineeta Singh, Peyush Bansal, Radhika Gupta, and Ritesh Agarwal invested in Dil Foods on Shark Tank India. They all poured in ₹2 crores for 2.67% equity.
About Arpita Aditi
Arpita Aditi is the Founder and CEO of Dil Foods, based in Bengaluru, Karnataka.
Arpita studied B.Tech. in Bio-Technology from MIT, Manipal, and then worked in sales for Himalaya and Reliance Capital. But her life changed when she joined Swiggy and saw the problems for the restaurants and why they were failing.
She found that they were not operating at maximum capacity. So, her solution was to help them with online sales. She started Nutnbolt Business Solution in 2019, which later transformed into Dil Foods.
After Shark Tank Updates
Dil Foods had raised ₹15.5 crores before coming to Shark Tank India. In a conversation with Shark Ritesh, Arpita seemed very happy with him onboard.
By the way, other businesses featured in this episode were AI Kavach and Bartisans.
Here is the official company pitch we found on their website: “We’re bringing the restaurant biz into the 21st century by making it easy for foodies to chow down on their fave dishes from the comfort of their couch. And we’re not just helping restaurants stay afloat – we want to see them thrive! By connecting kitchens with extra capacity to smart, online food delivery through Dil Foods, we’re paving the way for a brighter future for the entire industry.”
Takeaways
So now you know about the pitch of Dil Foods on Shark Tank India and its founder Arpita. It’s good to such good female entrepreneur growing in our country!
And if you don’t know who I am? I am Ranish Chauhan a.k.a. Fulmino Fan, a Fan of the Shark Tank show.