What Happened to Zorko After Shark Tank India?
What is Zorko?
Zorko is an affordable veg fast food restaurant chain based in India. It has 150 fast-food outlets. It has 80+ different food products under the umbrella.
Who is the Founder of Zorko?
Anand Nahar & Amrit Nahar are the founders of Zorko. They are brothers. They are from Gujrat.
Anand is a research analyst. He started earning money from his college days by investing in the stock market.
Amrit does all the operation-related work. After Zorko closes a lead with a franchise, Amrit makes sure all the operation work goes smoothly.
They don’t want to stop at 150 outlets, they want to open 1000+ outlets pan India.
Zorko Before Shark Tank India?
Zorko works on a chef-less model. They have created all the SOPs in such a way, that anyone can learn everything within 48 hours.
They acquire new franchises by talking to their own customers who make repeat orders. Even if that particular customer doesn’t have any money, he’ll talk to his friends about this business opportunity.
They take ₹3.99 Lakhs as franchise fees. After taking the fee, they provide kitchen accessories, raw materials, and marketing.
How much money did they ask for on the pitch?
They came to Shark Tank India seeking ₹1.5 Crore for 1% equity in the company Zorko. Which gives the company a valuation of ₹150 Crores.
How to get Zorko?
You can find Zorko outlets in 42+ different cities in India.
Unit Economics of Zorko
| Total franchise | 150 |
| Profitable franchise | 50% |
| Breakeven franchise | 30% |
| Loss-making franchise | 20% |
| Zorko gross margin | 40% |
| Zorko profit margin before tax | 20% |
| Zorko profit after tax (Fiscal Year 2023 ~ 2024) | ₹4.5 Crores |
What are the Annual Sales of Zorko?
Their annual run rate is ₹30 Crores. The average sales per franchise is ₹3 ~ ₹3.5 Lakhs. To have a franchise one needs to invest ₹8 ~ ₹9 Lakhs. They get their return on investment within 12 months.
Monthly sales of franchise
| At launch | ₹2 ~ ₹2.5 Lakhs |
| After 1 year | ₹3 ~ ₹3.5 Lakhs |
Which shark gave Zorko an offer?
Peyush Bansal was out. He advised them to not rush into the business. He advised them to focus on increasing sales.
Anupam Mittal was out. He thought the founders were trying to achieve too many things at the same time.
Vineeta Singh was out. She thought the franchise owners would have a tough time making a profit.
Aman Gupta & Ritesh Agarwal gave them a combined offer. They offered ₹20 Lakhs for 1% & ₹1.3 Crore debt at 10% interest for 3 years.
| Offer 1 |
| Aman Gupta & Ritesh Agarwal – ₹20 Lakhs for 1% & ₹1.3 Crore debt at 10% interest |
The founders accepted the offer. But under the condition that Aman Gupta & Ritesh Agarwal have to commit 100 hours of their time also.
Aman Gupta didn’t accept this condition. The deal didn’t go through.
What deal did Zorko get in Shark Tank India?
Zorko didn’t get any deal in Shark Tank India.
| Company Name | Zorko |
| Founder | Anand Nahar & Amrit Nahar |
| Asked Amount | ₹1.5 Crore for 1% |
| Final Deal | No Deal |
| Shark | No Shark |
| Company Net Worth | ₹150 Crores |
| Company Website | zorko.in |
| Company Status | In Business |
What is the net worth of Zorko?
The net worth of Zorko is ₹150 Crores according to the founders.
Is Zorko still in Business?
Zorko is still the food franchise business.
