What Happened to Vold Energy After Shark Tank India?
What is Vold Energy?
Vold is an energy drink company. It provides a tasty & affordable energy drink. It contains Inositol. Vold means force & power.
Who is the Founder of Vold Energy?
Davesh Mahesh Bochre is the founder of Vold Energy. He’s 20 years old. He does all the work.
He does the marketing of his product in a very unique way. He turned his car into a moving commercial. On top of his car, there’s an energy can attached.
Davesh wasn’t fond of studying. That’s why he dropped out of college.
Vold Energy Before Shark Tank India?
Davesh did R&D for a year and realized there’s a big market for energy drinks in India. That’s when he decided to launch Vold energy drink.
He struggled a lot to produce the 1st batch of Vold energy drink. Many people refused him because the minimum quantity was 3 Lakh cans in production.
Vold Energy is a One person company.
The market size of Indian energy drinks is ₹3500 Crores. Red Bull dominates the market with 61%.
How much money did he ask for on the pitch?
He came to Shark Tank India seeking ₹50 Lakhs for 2% equity in the company Vold Energy. Which gives the company a valuation of ₹25 Crores.
How much money did he raise for Vold Energy?
His father invested ₹5 Lakhs into the business. Davesh used ₹4 Lakhs in creating inventory. He used ₹1 Lakh in branding.
Unit Economics of Vold Energy
The price of the Vold energy drink is ₹60.
| Cost to make Vold | ₹28 |
| Price to distributor | ₹43 |
| Price to retailer | ₹48 ~ ₹50 |
| Price to customer | ₹60 |
| Gross margin | 38% |
| Net margin | 25% |
What are the Monthly Sales of Vold Energy?
| Month | Sales |
| April 2023 | ₹1.5 Lakhs |
| May 2023 | ₹3.5 Lakhs |
| June 2023 | ₹5.2 Lakhs |
| July 2023 | ₹3 Lakhs |
| September 2023 | ₹6 Lakhs |
Which shark gave Vold Energy an offer?
Anupam Mittal was out. He advised him to create a long-term plan for the business.
Amit Jain was out. He couldn’t justify the valuation the founder asked for his business. He didn’t know how to scale this business.
Aman Gupta was impressed with the founder. He offered him ₹10 Lakhs for 10% & ₹40 Lakhs debt at 12% interest for 2 years.
Namita Thapar was out. She advised him to onboard a co-founder in the company.
Vineeta Singh was out. She didn’t find the business investable at the moment. That’s why she didn’t give him any offer.
| Offer 1 |
| Aman Gupta – ₹10 Lakhs for 10% & ₹40 Lakhs debt at 12% interest |
The founder didn’t want the debt part. He wanted Aman to revise his offer.
What deal did Vold Energy get in Shark Tank India?
Vold Energy got a deal from Aman Gupta in Shark Tank India. The deal was ₹10 Lakhs for 10% & ₹40 Lakhs debt at 3% royalty until ₹40 Lakhs is recouped.
| Company Name | Vold Energy |
| Founder | Davesh Mahesh Bochre |
| Asked Amount | ₹50 Lakhs for 2% |
| Final Deal | ₹10 Lakhs for 10% & ₹40 Lakhs debt at 3% royalty until ₹40 Lakhs is recouped |
| Shark | Aman Gupta |
| Company Net Worth | ₹1 Crore |
| Company Website | www.voldenergy.in |
| Company Status | In Business |
What is the net worth of Vold Energy?
The net worth of Vold Energy is ₹1 Crore.
Is Vold Energy still in Business?
Yes, Vold Energy is still in the energy drink business.
