What Happened to Aadvik Foods After Shark Tank India?
What is Aadvik Foods?
Aadvik Foods is a dairy food brand that provides camel, goat, and donkey milk powder to its consumers. It also has chocolates, ghee, and soap made of camel and goat milk.
You must be wondering what’s wrong with cow milk. Well, there are some benefits of camel and goat milk obviously. Taste wise the camel milk is a bit salty than regular milk.
For starters, camel milk has 10 times more iron and 4 times more vitamin C than regular milk. It’s really effective for diabetes and lactose intolerance issues. It’s helpful for overall body growth.
Then comes goat milk. It’s effective for digestion and it can protect you from dengue.
Who is the Founder of Aadvik Foods?
Shrey Kumar & Hitesh Rathi are the founders of Aadvik Foods.
Aadvik Foods Before Shark Tank India?
Aadvik Foods has delivered 8 Lakh liter milk in its lifetime. With the help of Aadvik Foods camel and goat farmers now have a new source of revenue.
They collect milk from the farmers directly. Then they pay them every 15 days. There’s no middleman in this.
The lactation period of a camel is 13 ~ 15 months. The price per liter is ₹500 ~ ₹550.
How much money did they ask for on the pitch?
They came to Shark Tank India seeking ₹60 Lakhs for 1.5% equity in the company Aadvik Foods. Which gives the company a valuation of ₹40 Crores.
How much money did they raise for Aadvik Foods?
They haven’t raised any money for Aadvik Foods. It’s a bootstrapped company. They invested ₹3 Lakhs of their own money to fund the business in the initial stage.
How to get Aadvik Foods?
You can get Aadvik Foods products on their website and other marketplaces.
Unit Economics of Aadvik Foods
| Camel milk powder | ₹1225 |
| Goat milk powder | ₹1176 |
| Donkey milk powder | ₹1269 |
Their repeat rate is 30%.
What are the Annual Sales of Aadvik Foods?
| Fiscal Year | Annual Sales |
| 2016 – 2017 | ₹67 Lakhs |
| 2017 – 2018 | ₹4.4 Crores |
| 2018 – 2019 | ₹4.2 Crores |
| 2019 – 2020 | ₹6 Crores |
| 2020 – 2021 | ₹9 Crores |
| 2021 – 2022 | ₹7.2 Crores |
Which shark gave Aadvik Foods an offer?
Namita Thapar was out. She thought there’d be issues scaling the business in the long run.
Peyush Bansal was out. He advised them to focus more on exports.
Aman Gupta was out.
Anupam Mittal was out. He thought the health claims they were offering were questionable. That’s why he didn’t give any offer.
Amit Jain offered them ₹15 Lakhs for 1.5% and ₹45 Lakhs debt at 12% interest.
| Offer 1 |
| Amit Jain – ₹15 Lakhs for 1.5% & ₹45 Lakhs debt at 12% interest |
They took the offer.
What deal did Aadvik Foods get in Shark Tank India?
Aadvik Foods got a deal from Amit Jain in Shark Tank India. The deal was ₹15 Lakhs for 1.5% and ₹45 Lakhs debt at 12% interest.
| Company Name | Aadvik Foods |
| Founder | Shrey Kumar & Hitesh Rathi |
| Asked Amount | ₹60 Lakhs for 1.5% |
| Final Deal | ₹15 Lakhs for 1.5% & ₹45 Lakhs debt at 12% interest |
| Shark | Amit Jain |
| Company Net Worth | ₹10 Crores |
| Company Website | aadvikfoods.com |
| Company Status | In Business |
What is the net worth of Aadvik Foods?
After the deal, the net worth of Aadvik Foods is ₹10 Crores.
Is Aadvik Foods still in Business?
Yes, Aadvik Foods is still doing camel, goat milk business.
