What Happened to Dil Foods After Shark Tank India?
What is Dil Foods?
Dil Foods is a virtual restaurant operator that ties up with local restaurants. Dil Foods has 8 cloud brands. It helps restaurants increase their revenues. Till now, Dil Foods has incremented ₹6 Crores plus revenue for its partners.
Dil Foods offers regional Indian food. The food is hygienic and standardized.
Who is the Founder of Dil Foods?
Arpita Aditi is the founder of Dil Foods. She’s from Rachi. She’s a biotech engineer. She worked in Himalaya, Reliance, and Swiggy. She started Dil Foods in 2022.
She wants to make a sustainable ecosystem in the restaurant business.
Dil Foods Before Shark Tank India?
More than 65 restaurants are connected with Dil Foods. The total number of outlets is 111.
How much money did she ask for on the pitch?
She came to Shark Tank India seeking ₹50 Lakhs for 0.5% equity. Which gives the company a valuation of ₹100 Crores.
How much money did she raise for Dil Foods?
| Time | Money Raised | Valuation |
| April 2022 | ₹1 Crore | ₹14 Crores |
| September 2022 | ₹40 Lakhs | ₹40 Crores Cap |
| February 2023 | ₹40 Lakhs | ₹40 Crores |
| July 2023 | ₹15.5 Crores | ₹75 Crores |
How does Dil Foods business model work?
Suppose you have a restaurant. You are capable of serving 100 people per day. But you’re only getting 30 people per day. That means, that even though you have the capacity to serve, you’re not making the money you’re supposed to make.
You can tie up with Dil Foods and choose one of the existing food brands that are popular in your area. Dil Foods will provide you with the food materials and recipe. All you have to do is use your own kitchen and make that food. Then people can purchase that food through Swiggy or Zomato.
It’s a win-win for everyone.
Unit Economics of Dil Foods
| Average Order Value | ₹300 |
| Restaurant margin | 31% |
| Packaging cost | 6% |
| Swiggy & Zomato Commission | 22% |
| Marketing cost | 10.5% |
| Logistics | 1% |
| Chef salary | 1% |
| Salary | 11.97% |
| Factory & Utilities | 4.88% |
| EBITDA | 11.65% |
What are the Annual Sales of Dil Foods?
| Fiscal Year | Annual Sales |
| 2022 – 2023 | ₹7 Crores |
| 2023 – 2024 | ₹30 Crores Projected |
Which shark gave Dil Foods an offer?
Vineeta Singh gave the 1st offer. She offered ₹50 Lakhs for 0.5%. She gave her the exact same amount she asked for.
Radhika Gupta offered her ₹50 Lakhs for 0.5%.
Ritesh Agarwal & Vineeta Singh gave a combined offer of ₹1 Crore for 1%.
Ritesh Agarwal, Radhika Gupta & Vineeta Singh gave a combined offer of ₹1.5 Crore for 1.5%.
Peyush Bansal, Ritesh Agarwal, Radhika Gupta & Vineeta Singh gave a combined offer of ₹2 Crores for 2.67%.
| Offer 1 | Offer 2 | Offer 3 | Offer 4 | Offer 5 |
| Vineeta Singh – ₹50 Lakhs for 0.5% | Radhika Gupta – ₹50 Lakhs for 0.5% | Ritesh Agarwal & Vineeta Singh – ₹1 Crore for 1% | Ritesh Agarwal, Radhika Gupta & Vineeta Singh – ₹1.5 Crore for 1.5% | Peyush Bansal, Ritesh Agarwal, Radhika Gupta & Vineeta Singh – ₹2 Crores for 2.67% |
Aman Gupta was out.
What deal did Dil Foods get in Shark Tank India?
Dil Foods got a deal from Peyush Bansal, Ritesh Agarwal, Radhika Gupta & Vineeta Singh in Shark Tank India. The deal was ₹2 Crores for 2.67%.
| Company Name | Dil Foods |
| Founder | Arpita Aditi |
| Asked Amount | ₹50 Lakhs for 0.5% |
| Final Deal | ₹2 Crores for 2.67% |
| Sharks | Peyush Bansal, Ritesh Agarwal, Radhika Gupta & Vineeta Singh |
| Company Net Worth | ₹75 Crores |
| Company Website | dilfoods.in |
| Company Status | In Business |
What is the net worth of Dil Foods?
After the Shark Tank India deal, the net worth of Dil Foods is ₹75 Crores.
Is Dil Foods still in Business?
Yes, Dil Foods is still in the food business.
