- Founder: Bhupendra Kumar Tailor & Devendra Kumar Tailor
- Business: Agriculture Machines
- Ask: ₹1 Crore for 1% Equity
- Valuation/ Networth: ₹100 Crores
- Funding: ₹50 Lakhs for 1% equity & ₹50 Lakhs debt at 9% interest
- Sharks: Namita Thapar & Ritesh Agarwal
- Episode: Season 4 Episode 18
RBD Shark Tank India Pitch:
RBD is an Indian startup which appeared on Shark Tank India Season 4. The startup focuses on making innovative agricultural machines to save farmer’s time and money. The founders sought an investment of ₹1 Crore in exchange for 1% equity in the company.
RBD introduced India’s first power reaper with a seat on Shark Tank India. This machine and reap one acre of land in one hour with only ₹100 worth of fuel. Their power reaper also cuts yield losses to 1.8% as compared to 8% in traditional machines. they also showed the Chaff cutter, which is used mainly by women and poses risks to their safety. RBD’s Chaff cutter is fully safe, affordable and automatic.
RBD’s 4-stroke side pack brush cutter can be used to do multiple tasks. It is created for easy use by every farmer. These products are available through their own call centre or through marketplaces like Amazon. The company also provides free delivery for every item pan-India.
RBD’s Financials & Revenue during Shark Tank India:
RBD imports some of their product, and the rest they assemble in-house. These products are sold all across India. The company had a team of 32 people at the time of their pitch, and they had 5 warehouses. The brand uses social media for marketing and customer service to retain customers and do sales through word-of-mouth of its existing customers.
RBD has made a revenue of ₹9.34 Crores for FY24-25 by September 2024. They are projecting to close the year at around ₹25 Crores. Last year, The company made a revenue of ₹14.37 Crores. For the Last 3 months, They made ₹2.66 Crores in September, ₹1.69 Crores in August and ₹1.58 Crores of revenue in July 2024. Their net margins are at 7-8%. The founder’s added that they are making bit more for showing less profits due to taxes.
RBD Shark Tank India Negotiations & Funding:
Namita liked the business, so she offered ₹50 Lakhs in exchange for 1% equity and the rest on debt at 9% interest. Anupam thought the valuation was too high so he went out of the deal. Kunal went out due to tax comments. Aman went out for the same reason. Ritesh offered the same deal as Namita, so she asked him to join her to which Ritesh agreed. The founder accepted that offer without any hesitation.
Who are the founders of RBD?
Bhupendra Kumar Tailor & Devendra Kumar Tailor founded RBD. Bhupendra has a background in hotels and he also worked as a sales rep in the agriculture department in the past.
The founder’s shared that the company is a short for their grandfather’s name which is Shri Ram Bilas Darji.
How is RBD doing after Shark Tank India?
Our research in the RBD revealed that while they did get a deal on Shark Tank India, whether that deal closed after the show is still unclear. The company is currently experiencing shark tank effect and we will update this article with more information once it becomes clear. In the meantime, you can check out their products by clicking the Amazon button below!
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