What Happened to Dhruv Vidyut After Shark Tank India?

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What is Dhruv Vidyut?

Cycling is fun. But what if you could attach an electric motor to it and make it faster? That’s what Dhruv Vidyut is all about. Dhruv Vidyut offers DVECK AKA Dhruv Vidyut Electric Conversion Kit that you can easily attach to your bicycle. It’s made of aircraft-grade aluminum.

It can take up to 170 kg payload. The top speed is 25kph. It will give you a range of 40 km. 

It’s water, dust, fire resistant. It takes 3 hours to charge the battery.

Who is the Founder of Dhruv Vidyut?

Gursaurabh Singh is the founder of Dhruv Vidyut. He’s from Haryana. He wants DVECK to reach every house that has a cycle.

He has expertise in manufacturing, R&D & product development.

Dhruv Vidyut Before Shark Tank India?

Before airing on Shark Tank India, Gursaurabh Singh made a video of his product which went viral. It got the attention of Anupam Mittal, Aman Gupta & Peyush Bansal. They remembered him.

How much did he ask for on the pitch?

Gursaurabh Singh came to Shark Tank India seeking 100 hours of any sharks’ time in exchange for 0.5% equity in the company. 

He didn’t ask for any money. He just wanted time & expertise from the sharks. That’s the first one if you tell me. This gives the company zero valuation in my opinion because there’s no money involved.

How much money did he raise for Dhruv Vidyut?

Gursaurabh Singh hasn’t raised any money. But he invested ₹68 Lakhs of his own money into the business.

How to use Dhruv Vidyut – DVECK?

It’s really easy to use. You just have to attach it to your cycle. You only need 20 minutes to install this. There’s a battery indicator, throttle, and ignition switch.

You can get a lot of information from the application that’s connected to the device. It has pedal charging capability.

Unit Economics of Dhruv Vidyut

The manufacturing cost of DVECK is ₹9,000. There’s no unit economics of DVECK yet.

What is the Annual Sales of Dhruv Vidyut?

Gursaurabh hasn’t launched the product on the market yet. There are no sales yet.

Which shark gave Dhruv Vidyut an offer?

Vineeta Singh was out. She couldn’t commit 100 hours of her time to this.

Namita Thapar was out. She couldn’t commit 100 hours of her time also.

Anupam Mittal gave an offer but with a condition. He would give him 100 hours for 0.5%. But the condition is that Gursaurabh had to raise ₹1 Crore to finance the business on his own.

Peyush Bansal & Aman Gupta were also impressed with the product. They gave a combined offer. They would give him 100 hours for 0.5%. They would also give him a place to work on his product in a factory. 

Offer 1Offer 2
Anupam Mittal – 100 hours for 0.5%Peyush Bansal & Aman Gupta – 100 hours for 0.5%
Condition – Dhruv Vidyut has to raise ₹1 Crore from investorsCondition – Aman Gupta & Peyush Bansal will become the 1st investors of Dhruv Vidyut after DVECK launch

But the condition is, that whenever he raises money, the first money raised will be from Peyush Bansal & Aman Gupta. Meaning, Peyush Bansal & Aman Gupta will be the first investors of Dhruv Vidyut.

What deal did Dhruv Vidyut get in Shark Tank India?

Dhruv Vidyut got a deal from Anupam Mittal, Aman Gupta & Peyush Bansal. Under the condition that,

  1. Dhruv Vidyut has to raise ₹1 Crore
  2. Aman Gupta & Peyush Bansal will become the 1st investors of Dhruv Vidyut.
Company NameDhruv Vidyut
FounderGursaurabh Singh
Asked Amount100 Hours for 0.5%
Final Deal100 Hours for 0.5%
SharksAnupam Mittal, Aman Gupta & Peyush Bansal
Company Net WorthNot Decided
Company Websitedhruvvidyut.co.in
Company StatusIn Business

What is the net worth of Dhruv Vidyut?

Currently, there’s no net worth of Dhruv Vidyut.

Is Dhruv Vidyut still in Business?

Yes, Dhruv Vidyut is still in the business.

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