Image Credits: Shark Tank India
Last updated on 28 December 2023. Find everything about Wol3D’s pitch on Shark Tank India, its founders, and the latest updates about the company!
Wol3D on Shark Tank India
3D printing is the future and Wol3D wants to be the first in the country to catch that market.
Here are the key details about their pitch on Shark Tank:
| Name | Wol3D |
| Founders | Rahul Chandalia, Saloni Chandalia, Pradeep Jain, Swati Jain |
| Episode | Season 02 |
| Ask | ₹1.5 Crore for 1% Equity |
| Deal | ₹80 Lakhs for 2% Equity + Debt |
| Sharks | Aman Gupta |
| Status | In-business |
Wol3D or World of Lilliputs is the biggest consumer 3D printing company in India. From industrial use to make a sample or for kids to experiment, they have printers and pens for both of them.
If you are interested in their Kids Friendly 3D Pen, here is the trending yellow color on Amazon (*Affiliate Link):
Or buy it by clicking here: https://amzn.to/3EIMhYJ
*Affiliate Link means that we get a certain percentage from the sale when you purchase through our link.
The ask was for ₹1.5 Crore for just a 1% stake in the business. The money is required to grow it as the biggest 3D printing ecosystem in the country. It will go into expanding the manufacturing facility.
They brought 3D figures of each shark and all appreciated how amazing it was. A big advantage they have is that they make their own filament. Peyush saw a big recurring income in that.
The revenue of FY 2021-22 was ₹19.6 crores where a lot of which came from printers. So, B2B is still their main domain and they buy it for building prototypes. ISRO is also one of their clients and Ola also partnered with them for their electric scooters R&D.
But the profit margin is only 5%, too low for sharks to exit successfully. The future was not so sure. That’s why Anupam and Vineeta were out.
Aman, on the other hand, wanted to invest, but only in the kid’s Pen part. Peyush, however, was interested in the filament side. They had different visions. Pitchers asked both to come together but Peyush revoked his offer.
Watch the teaser for this episode:
Wol3d got a deal from Aman Gupta on Shark Tank India for ₹80 Lakhs for 2% Equity with the other ₹70 Lakhs as a loan.
About The Founders
Rahul Chandalia, Saloni Chandalia, Pradeep Jain, and Swati Jain are the directors of Wol3D, based in Mumbai, Maharashtra.
Rahul is a PGDM in marketing from the Welingkar Institute of Management. He has then worked for an NGO, his family business Rahul Rayon and a gifting company before.
Once, he went to an exhibition with his brother-in-law Pradeep, where they saw industrial 3D printers. Now, they want to bring it to India, so they launched Wol3D in 2016.
After Shark Tank Updates
Instantly after the live telecast, Wol3D gave up to 40% discount on their lamp shades and a 10% discount on their printers and pens, when bought through their website.
Wol3D also has its own 3D experience center located in Mumbai to showcase its awesome products and what you can do with its technology.
By the way, other businesses featured in this episode were Makino Snacks, Trunome, and What’s Up Wellness.
In the end, here is the official company pitch: “Wol3d’s mission is to develop and deliver high quality, reliable, and cost-effective 3d printing machines with robust after-sales support. We aim at bridging the gap between ideation and manufacturing by providing high quality and cost-effective 3D Printers through cutting edge research and innovation.”
Takeaways
So now you know about what happened with Wol 3D Printers on Shark Tank and the latest news we have about them.
I am Ranish Chauhan a.k.a. Fulmino Fan, and I am also a fan of Shark Tank India.