- Founders: Bhupinder Madaan
- Business: Coffee
- Ask:₹50 Lakh for 10% Equity
- Valuation/ Networth: ₹5
- Funding: No Deal
- Sharks: No Deal
- Episode: Season 1 Episode 27
Theka Coffee Shark Tank India Pitch:
Theka Coffee is an Indian startup specializing in coffee. Their coffee is roasted in-house and sold in beer bottles. Theka Coffee had 3 Kiosks at the time of pitch and has served over 3 lakh bottles of coffee. Bhupinder sought an investment of ₹50 Lakh for 10% of the company valuing the business at ₹5 Crores.
Theka Coffee’s Financials during Shark Tank India:
Theka Coffee made ₹1.2 Crores in the first financial year of FY18-19. This was followed by ₹1.8 Crores in FY19-20. The founder has to launch the brand again after Theka and currently has made ₹30 Lakhs so far in FY20-21. Bhupinder has invested around ₹5 lakhs in the company. The company has 12 products. The shelf life after processing in bottls is 3 days.
Theka Coffee Shark Tank India Negotiations & Funding:
Namita was interested in the business but went out of the negotiations due to lack of a long shelf life. Vineeta goes out due to the complexity in scaling this business. Gazal liked the brand but because she couldn’t add value in this venture therefore she also went out. Anupam goes out due to the competitive nature of the beverage market. Peyush goes out due to challenges with operations in scaling. Theka coffee leaves the tank without a Deal.
Who is the founder of Theka Coffee?
Bhupinder Madaan founded Theka Coffee. He is based in Gujrat. Bhupinder started working in business at 14 year old age. He started with Momos business and Theka coffee is his 8th business.
How is Theka Coffee doing after Shark Tank India?
Our research in Theka Coffee revealed that while they did not get a deal on Shark Tank India, that small setback only fueled their growth. The company pivoted a little and moved towards Theka Coffee carts, similar to ice cream carts. That model was a hit and they found a lot of success in executing this. They had over 600 locations in January 2023 and were selling upwards of 20,000 coffee bottles a day.
The company saw a surge in sales after their appearance and in February 2024, They shared through socials that they are worth over ₹100 Crores. You can check out their website for their products and click the Amazon button below to shop other Shark Tank India products!
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Here is an update on other companies from the Season 1 Episode 27: