- Founder: Nitin Chawla
- Business: App
- Ask: ₹75 Lakhs for 1.5% Equity
- Valuation/ Networth: ₹50 Crores
- Funding: No Deal
- Sharks: No Deal
- Episode: Season 4 Episode 4
One Dios Shark Tank India Pitch:
One Dios is a request booking platform which can register complaints for every appliance regardless of their Brand in just 6 clicks and 60 seconds without the need to call the customer care department. Usually, it costs a company ₹40-₹50 to register a request but One Dios helps brands reduce this cost. The founder sought an investment of ₹75 Lakhs in exchange for 1.5% equity in the company.
One Dios is simple to use. Customers click on book service now after selecting a category in the app. All the brands are displayed by a category. Then customer picks a problem, and picks a date and time for an appointment. The company offer three services, complaint registrations, document storage & extended warranty purchases.
One Dios founder shared that in India, 20 Crore in warranty requests are sent out to brands every year. He added that one customer puts in 3-4 requests every year & a customer stores warranty cards for 4-5 appliances as well. The company is training retailers to register requests on behalf of customers.
One Dios’s Revenue & Financials during Shark Tank India:
One Dios have made a revenue of ₹3.25 Crores of revenue in first 7 months of FY24-25. They closed their last year with a revenue of ₹3.57 Crores. One Dios has made a revenue of ₹1.2 Crores just by selling warranties in FY24-25 so far and they have made ₹2.1 Crores from request registration. They have achieved this number by October 2024.
The founder added that its only 60 retailers who are selling their warranties through them in just Delhi NCR area. The company makes 22% margin on extended warranties. They give retailers a commissions of 30-45%. The company have raised total of ₹16.5 Crores. Their last round was raised at ₹50 Crore valuation.
Anupam was the first shark to go out citing he doesn’t trust the numbers the founder is giving out. Aman shared the same sentiment therefore he went out as well. Varun went out due to conflict of interest. Peyush thought that AI would replace this business therefore he went out as well. Vineeta also wasn’t comfortable investing in this venture. One Dios went out of the Tank without a deal.
Who is the founder of One Dios?
Nitin Chawla founded One Dios. He is from Ghaziabad. Nitin has a Bachelor of Commerce & Masters in Computer Science. He made his first app in 2006 for Abu Dhabi Food Control Authority. He also worked at IBM for 12 years and grew from project manager to electrical head.
How is One Dios doing after Shark Tank India?
Our research in the company revealed that One Dios while the company did not get a deal on Shark Tank India. Their appearance on the show would give them a nationwide exposure which would influence the brand positively. You can download the app by clicking the here. Also click the amazon button below to check out other Shark Tank India companies.
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