Aadvik Foods Shark Tank India Pitch:
Aadvik Foods is an Indian company that sells products made from Camel Milk and Goat Milk. The founders shared that Camel milk is like white gold because it has 10 times more iron, 4 times more vitamin C, and it can be effective for autism, diabetes, & lactose intolerance. In addition to this, Camel Milk is also helpful for overall body growth. On the other hand, Goat milk protects against dengue and is good for digestion. Their product line includes Milk, Milk Powder, Chocolates, Ghee, Soaps & more. They have sold more than 8 lakh liters of milk in the past 6 years. The company sought an investment of ₹60 Lakhs for 1.5% Equity giving them a valuation of ₹40 Crores.
Aadvik Foods’ highest-selling product is its Milk powder. They directly partner with farmers and get milk from them. In some further insights, Founders added that Camels have a Lactation period of 13-15 Months which can affect their supply chain. Pricing for their chocolates is ₹300 for 3 packs which is 2X the price of regular milk chocolates. Camel milk costs around ₹500-₹550 per litre.
Aadvik Foods was incorporated in 2016 and made ₹67 Lakhs in their first financial year which was FY16-17. This was followed by ₹4.4 Crores, ₹4.2 Crores, ₹6 Crores, ₹9 Crores, and ₹7.2 Crores in the following years respectively. Their monthly sales are at around ₹50 Lakhs at the time of pitch. With net profit of ₹3 Lakhs last month, Aadvik Foods was bootstrapped. 75% of their products are sold directly to the consumer with a repeat percentage of 30%.
Aadvik Foods Shark Tank India Negotiations & Funding:
Namita felt like there will be challenges in scale due to the limited total addressable market, therefore she goes out. Despite not being interested in this investment, Peyush commented that this is a special product which Exports were a big opportunity. Aman followed Peyush’s lead because he couldn’t relate to the product.
Anupam felt like the founders made questionable health claims therefore he wanted to stay away from this venture. Amit couldn’t make a good business case but liked the cause; therefore, he offered ₹15 Lakhs for 1.5% Equity and ₹45 Lakhs Debt @ 12% Interest. The founders countered that but Amit declined and wanted to stick to his initial offer. Hitesh & Shrey accepted that deal and they shook hands on that.
Who are the founders of Aadvik Foods?
Hitesh Rathi & Shrey Kumar founded Aadvik Foods. Hitesh graduated from Punjab Engineering College and Shrey went to Delhi College of Engineering.
How is Aadvik Foods doing after Shark Tank India?
Our research in the company revealed that their Shark Tank India deal with Amit Jain was finalized and closed after the show aired. The founders even attended Amit’s Garnier summit after the show aired where all his investment partners came to connect with each other and get more insights into their business. As of January 2024, The company is still in business and thriving. They are not just only available in India but also ship worldwide through their site as well.
Source: Instagram @aadvikfoods
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