What Happened to Chalte Firte Mangalkaryalay After Shark Tank India?
What is Chalte Firte Mangalkaryalay?
Chalte Firte Mangalkaryalay is a portable hall that can contain 300 ~ 400 people at a time. With this Mangalkaryalay, one can get all the facilities like ac, decorations, lights, stage, etc.
One can use Chalte Firte Mangalkaryalay not only for wedding purposes but also for different programs, emergency hospital setups, etc.
As it’s portable, it can be set up in any place. Next time you want to host a program near a river, you can just knock on Chalte Firte Mangalkaryalay and your wish will be fulfilled.
It’s a portable hall on top of a truck. So, anyplace that has a road, this Chalte Firte Mangalkaryalay can be there.
One truck carries the portable hall and another vehicle carries the bathroom.
Who is the Founder of Chalte Firte Mangalkaryalay?
Omkar Darekar, Dayanand Darekar & Sangita Darekar are the founders of Chalte Firte Mangalkaryalay. Omkar is Dayanands son.
Dayanand has experience in the temple decoration sector. He’s been working in this industry for the last 20 years.
Chalte Firte Mangalkaryalay Before Shark Tank India?
They started the company Chalte Firte Mangalkaryalay back in January 2023.
Chalte Firte Mangalkaryalay has conducted more than 40+ events. It previously did viral video marketing. With that viral video, more than 15,000 people called their number and asked about their services.
Their USP is that they are cheaper than other alternatives available in the market right now. Also, they can arrange programs at any place at any time.
How much money did they ask for on the pitch?
They came to Shark Tank India seeking ₹2 Crores for 10% equity in the company Chalte Firte Mangalkaryalay. Which gives the company a valuation of ₹20 Crores.
How much money did they raise for Chalte Firte Mangalkaryalay?
They haven’t raised any money for Chalte Firte Mangalkaryalay. They invested ₹3 ~ ₹4 Crores of their own money. It’s a bootstrapped company. They used their savings to fund this.
Unit Economics of Chalte Firte Mangalkaryalay
The rental price for Chalte Firte Mangalkaryalay is ₹50,000 per day. Food is not included in this. Per plate food is ₹200 ~ ₹250.
If someone wants to have a program for 200 people, then the total cost would be ₹80,000. Everything is included in this.
| Cost of truck | ₹10 Lakhs |
| Cost of container | ₹30 Lakhs |
| Capital return time | 3 years |
What are the Annual Sales of Chalte Firte Mangalkaryalay?
Currently, the annual sales of Chalte Firte Mangalkaryalay is ₹12 ~ ₹15 Lakhs.
Which shark gave Chalte Firte Mangalkaryalay an offer?
Aman Gupta was really impressed with the idea. He advised them to use one truck to its full potential. He was out and didn’t give any offers.
Namita Thapar was out. She found the portable hall a bit risky. She advised them to work on that.
Peyush Bansal was out. He advised them to move their business slowly and not rush into anything.
Vineeta Singh was out. She didn’t think they should invest any more money. She advised them to use their 1 truck to its full potential and then they can raise funds.
Anupam Mittal was out. He advised them to rethink this business as there’s not enough demand for this at the moment.
What deal did Chalte Firte Mangalkaryalay get in Shark Tank India?
Unfortunately, Chalte Firte Mangalkaryalay didn’t get any deal in Shark Tank India.
| Company Name | Chalte Firte Mangalkaryalay |
| Founders | Omkar Darekar, Dayanand Darekar & Sangita Darekar |
| Asked Amount | ₹2 Crores for 10% |
| Final Deal | No Deal |
| Shark | No Shark |
| Company Net Worth | ₹20 Crores |
| Company Website | None |
| Company Status | In Business |
What is the net worth of Chalte Firte Mangalkaryalay?
The net worth of Chalte Firte Mangalkaryalay is ₹20 Crores.
Is Chalte Firte Mangalkaryalay still in Business?
Yes, Chalte Firte Mangalkaryalay is still in the portable hall business and growing slowly, one step at a time.
