- Entrepreneurs: Gurpreet Singh, Raghav Jaggi & Amit Bagga
- Business: Restaurants Chain
- Ask: ₹ 90 Lakhs for 0.5% Equity
- Valuation: ₹180 Crore
- Result: ₹ 90 Lakhs for 1% Equity (Condition – Aman to be included in secondary offload)
- Sharks: Aman Gupta
- Episode: Season 2 Episode 30
Daryaganj Shark Tank Pitch:
Daryaganj, a legendary name from the bustling streets of Delhi, has carved a niche for itself in the culinary world. Renowned for its unwavering commitment to using the freshest and highest-quality ingredients in its menu, this brand offers a sensory feast of classic dishes and innovative creations. However, what truly sets Daryaganj apart is its embrace of innovation and technology across all aspects of its operations, transforming the dining experience for patrons.
In a high-stakes episode of Shark Tank India, Daryaganj took center stage. With their signature dishes, butter chicken, and butter paneer in tow, the entrepreneurs behind Daryaganj pitched their vision to the panel of sharks. The ask was substantial – they sought INR 90 lakhs in exchange for a mere 0.5% equity stake, valuing the company at a staggering INR 180 crores.
The bold pitch immediately caught the attention of the sharks, who, in true entrepreneurial spirit, began to negotiate. After rigorous discussions, Daryaganj struck a deal with Aman Gupta, one of the sharks, for “1% for 90 lakhs,” which represented a significant reduction from their initial valuation. Aman Gupta’s involvement, beyond just the financial aspect, signified a partnership rooted in shared passion and expertise. Notably, Aman was already a fan of Daryaganj’s culinary delights, a testament to the brand’s excellence¹.
Daryaganj Shark Tank Negotiations & Funding:
The negotiation on Shark Tank India showcased the art of deal-making. Daryaganj’s willingness to adapt their initial terms demonstrated their agility as entrepreneurs. Aman Gupta’s involvement, beyond just the financial aspect, signified a partnership rooted in shared passion and expertise. This deal marked a pivotal moment in Daryaganj’s journey, propelling them toward even greater success.
What happened to Daryaganj After Shark Tank India?
Our research about the company Revealed that the Deal with Aman never Closed. Despite the shark tank deal with Aman Gupta not closing, Daryaganj continued its impressive growth. As of October 2023, the company boasts over 13,000 followers on Instagram and operates from five locations, a testament to their popularity and ability to thrive in the competitive culinary landscape.
In a testament to their culinary excellence, Daryaganj has collected an impressive array of accolades, winning ten prestigious awards in a single year. These include titles such as “Best North Indian Restaurant Chain,” “Best Packaging,” “Best Butter Chicken,” and “Restaurateur of the Year” for Co-founder Amit Bagga¹.
The expansion plans are ambitious, with five casual dining restaurants (CDRs) and two Cloud Kitchens (CK) already in operation. Their roadmap includes the launch of seven additional CDR outlets and eight more CK locations in Delhi NCR, Punjab, and North India by September 2023. This aggressive expansion strategy aims to double their current revenue, reflecting their confidence in the brand’s potential¹.
Daryaganj’s financial performance is equally impressive, with an outlet-level EBITDA at 20%, ensuring each outlet’s individual profitability. At the corporate level, EBITDA stands at a robust 11%. Even more striking is their revenue recovery, which has surged to an astounding 310% compared to pre-COVID levels. Furthermore, Daryaganj boasts an average daily table turnover of 2.7 times their seating capacity, a testament to their popularity and efficient operations¹.
Here are other companies from Season 2 Episode 30.
CellBell
Update coming soon!
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