What Happened to RodBez After Shark Tank India?
What is RodBez?
RodBez is a mobile application that connects riders and drivers. In Bihar, the taxi industry is not organized. People who want to use taxis for long distances have to pay more than usual. RodBez is solving this problem.
Drivers can update their route plan. Passengers can request a destination. RodBez connects these 2 people.
This way drivers are earning more money. The passengers are saving more money.
Currently, RodBez connects Patna to every city.
Who is the Founder of RodBez?
Dilkush Kumar & Siddharth Shankar Jha are the founders of Rodbez. They are from Bihar. Dilkush’s father was a driver. He learned to drive from his father.
Equity Split
| Dilkush Kumar | 80% |
| Siddharth Shankar Jha | 5% |
| Investors & Mentors | 15% |
RodBez Before Shark Tank India?
They launched RodBez in July 2022. Currently, RodBez has 20 drivers onboard. These 20 drivers earn ₹45,000 every month. This is guaranteed money. Even if they don’t make a single trip, they’ll still earn this money. That’s ₹9 Lakhs fixed cost.
Dilkush Kumar learned mobile application design from YouTube. Then he himself designed the RodBez application. Currently, there are 19 people on the RodBez team. They have a legal team also to support their business.
How much money did they ask for on the pitch?
They came to Shark Tank India seeking ₹50 Lakhs for 5% equity in the business. Which gives the company a valuation of ₹10 Crores.
They are short on supply. They’re having 100+ ride requests every single day. But they can complete only 30 ~ 35 of them. With the investment money, they will increase their capacity.
How much money did they raise for RodBez?
RodBez already raised ₹46 Lakhs at ₹4 Crores valuation.
How to get RodBez?
You can download the app from both Google Play Store and Apple Store. You can choose 1 of 3 options.
- One-way taxi – People who want to ride a taxi single-handedly can choose this option. Passengers can save 40% of their money using this option.
- Taxi pool – When someone books a taxi pool he can save 60% money.
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Which shark gave RodBez an offer?
Anupam Mittal was out. He has invested in almost every mobility company in India. That’s why he didn’t give any offer.
Vineeta Singh & Ritesh Agarwal gave a combined offer. They offered ₹20 Lakhs for 5% & ₹30 Lakhs debt at 12% interest for 2 years.
Peyush Bansal was out.
Aman Gupta was out.
| Offer 1 |
| Vineeta Singh & Ritesh Agarwal – ₹20 Lakhs for 5% & ₹30 Lakhs debt at 12% interest |
What deal did RodBez get in Shark Tank India?
RodBez got a deal from Vineeta Singh & Ritesh Agarwal. The deal was ₹20 Lakhs for 5% & ₹30 Lakhs debt at 12% interest. They didn’t give any counteroffer.
| Company Name | RodBez |
| Founder | Dilkush Kumar & Siddharth Shankar Jha |
| Asked Amount | ₹50 Lakhs for 5% |
| Final Deal | ₹20 Lakhs for 5% & ₹30 Lakhs debt at 12% interest |
| Sharks | Vineeta Singh & Ritesh Agarwal |
| Company Net Worth | ₹4 Crores |
| Company Website | rodbez.in |
| Company Status | In Business |
What is the net worth of RodBez?
After the Shark Tank India deal, the net worth of RodBez is ₹4 Crores.
Is RodBez still in Business?
Yes, RodBez is still in business connecting Patna to other cities.
