What Happened to AdilQadri After Shark Tank India?

Spread the love

What is AdilQadri?

AdilQadri is an attar perfume brand. All the attars you’ll find in AdilQadri are unique. Everything is made from long-lasting & modern perfumes. The packaging of AdilQadri is really eye catchy and premium looking.

Who is the Founder of AdilQadri?

Adil Qadri is the founder of AdilQadri Perfumes. He’s from Gujrat. He wants to make AdilQadri a global brand.

Adil Qadri didn’t continue his school after 5th standard. He later completed many courses and learned more about digital marketing and Search Engine Optimization.

His father had a business on attar. From that, he learned about the opportunity in this sector and launched AdilQadri.

AdilQadri Before Shark Tank India?

AdilQadri can process 3,000 orders every day. Their lifetime order processed is 10 Lakhs. Most of the customers are mainly men. It’s a men-targeted business.

AdilQadri has 2 Instagram channels. One is AdilQadri Perfumes & AdilQadriOfficial. AdilQadri Perfumes has 77k followers and AdilQadriOfficial has 167k followers.

How much money did he ask for on the pitch?

He came to Shark Tank India seeking ₹1 Crore for 0.5% equity in the company. Which gives the company a valuation of ₹200 Crores.

How much money did he raise for AdilQadri?

He didn’t raise any money. He took debt for running the business. He took ₹6 Crores of debt from a non-banking financial company.

How to get AdilQadri?

One can get AdilQadri attars from their brand website. They are also available on different e-commerce platforms like Amazon and Flipkart. You can also get the attars in their retail stores in Mumbai, Gujrat & Dubai.

Unit Economics of AdilQadri

The average order value is ₹800.

Gross Margin70%
Making Cost– 30%
Advertisement Cost– 40%
Shipping Cost– 14%
Operational Cost– 20%

What are the Annual Sales of AdilQadri?

The monthly sales of AdilQadri are ₹6 Crores.

Fiscal YearAnnual Sales
2020 – 2021₹5.3 Crores
2021 – 2022₹10 Crores
2022 – 2023₹20.7 Crores
2023 – 2024₹80 ~ ₹90 Crores Projected

Which shark gave AdilQadri an offer?

Anupam Mittal was out. He didn’t like the debt structure he was currently in.

Aman Gupta was out. He found margin issues in the company.

Namita Thapar was out. She wasn’t interested in attar perfume. If she’s not interested in the product of the business, then she couldn’t invest in the company.

Amit Jain was out. He didn’t like the organic growth of the company.

Vineeta Singh was interested in the business. She offered ₹1 Crore for 1%. And she wanted a 1% royalty on the net revenue until 1 Crore is recouped. She gave him ₹100 Crores valuation.

Offer 1
Vineeta Singh – ₹1 Crore for 1% & 1% royalty until ₹1 Crore is recouped

What deal did AdilQadri get in Shark Tank India?

AdilQadri got a deal from Vineeta Singh in Shark Tank India. The deal was ₹1 Crore for 1% & 1% royalty until ₹1 Crore is recouped.

Company Name AdilQadri
Founder  Adil Qadri
Asked Amount ₹1 Crore for 0.5%
Final Deal ₹1 Crore for 1% & 1% royalty until ₹1 Crore is recouped
Shark Vineeta Singh
Company Net Worth ₹100 Crores
Company Website www.adilqadri.com
Company Status In Business

What is the net worth of AdilQadri?

After the Shark Tank India deal, the net worth of AdilQadri is ₹100 Crores.

Is AdilQadri still in Business?

Yes, AdilQadri is still doing business in the attar sector.

Spread the love

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *