What Happened to Dr. Cubes After Shark Tank India?

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What is Dr. Cubes?

Dr. Cubes is an ice company. Suppose you need ice what will you do? You will go to the market and buy ice.

But do you know how that ice was made?

Dr. Cubes provides hygienic ice that you can use anywhere. It meets the food & beverage consumption parameters.

It provides different types of ice to its consumers. Like cube, gourmet, crushed, infused ice, etc.

Who is the Founder of Dr. Cubes?

Naveed Munshi & Pramod Tirlapur are the founders of Dr. Cubes. They are from Bangalore.

Dr. Cubes Before Shark Tank India?

They started the company back in December 2017. Their lifetime sales are 1.2 Crore kgs. They’ve served more than 250k customers.

They test their ice using 65 different parameters. They also provide the test report to the SMEs that are taking ice from them.

One of the key pain points of customers was, previously they didn’t get ice on time. But Dr. Cubes solved this problem. They now have their own delivery system.

How much money did they ask for on the pitch?

They came to Shark Tank India seeking ₹80 Lakhs for 15% equity in the company. Which gives the company a valuation of ₹5.33 Crores.

How to get Dr. Cubes?

One can get Dr. Cubes from their brand website. It’s also available in different quick commerce marketplaces.

Unit Economics of Dr. Cubes

The ice market size in Bangalore is ₹250 Crores. Their ice pricing per kg is ₹8 ~ ₹10.

Gross Margin Wholesale45%
Gross Margin Retail60%
Net Margin35%

What are the Annual Sales of Dr. Cubes?

Fiscal YearAnnual Sales
2018 – 2019₹50 Lakhs
2019 – 2020₹1.2 Crore
2020 – 2021₹76 Lakhs
2021 – 2022₹1.10 Crore
2022 – 2023₹2.5 Crores Projected

Which shark gave Dr. Cubes an offer?

Peyush Bansal was out. He was impressed with the entrepreneurs and wished them all the best. He thought there were currently too many unknown variables that could affect the business. He wanted to study further in this sector. He thought the big players like Aquafina could enter this business very easily. That’s why he didn’t give any offer.

Namita Thapar was out. She thought there wasn’t enough demand for ice in the country. People can easily make ice at home. This mindset would be very tough to change. That’s why she didn’t give any offer.

Anupam Mittal was out. He advised them to study the ice market more.

Amit Jain was out. He didn’t think they could make a big B2C brand in this category.

Aman Gupta was out.

What deal did Dr. Cubes get in Shark Tank India?

Dr. Cubes didn’t get any deal in Shark Tank India.

Company NameDr. Cubes
FounderNaveed Munshi & Pramod Tirlapur
Asked Amount₹80 Lakhs for 15%
Final DealNo Deal
SharkNo Shark
Company Net Worth₹5.33 Crores
Company Websitedrcubes.in
Company StatusIn Business

What is the net worth of Dr. Cubes?

Currently, the net worth of Dr. Cubes is ₹5.33 Crores according to the founders.

Is Dr. Cubes still in Business?

Yes, Dr. Cubes is still doing their ice business.

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