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Nimesh Pinnamaneni

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Helixworks Technologies • 11m

Did the Sharks Miss a Big Opportunity with BoreCharger? 🤔 A Profitable Deeptech Startup Walks Into Shark Tank… And Gets Lowballed?! 🤯 Yesterday’s Shark Tank India S4E46 featured BoreCharger, a company with a patented robotic system to replenish dried borewells—a massive opportunity in water-scarce regions. They asked for ₹75L for 1.5% equity, backed by solid financials: 📈 Revenue & EBITDA Growth: - FY21: ₹1.02 Cr - FY22: ₹2.78 Cr - FY23: ₹3.22 Cr (8% EBITDA) - FY24: ₹5 Cr+ (15%+ EBITDA) For a hardware deeptech company, this is rare—they’ve been profitable and are scaling efficiently. Yet, only Kunal Bahl showed interest, offering ₹75L for 10% equity—a huge dilution.The founders countered with 2.5% equity, but Kunal didn’t budge, and the deal fell apart. This Rejection is Bizarre 🤨 Sharks regularly fund “me-too” D2C brands burning cash on ads, yet they passed on a tech-driven company with: ✔️ A real tech moat (patented robotic machine) ✔️ Minimal competition in a massive market ✔️ Huge TAM—4 Cr+ borewells in India, with major potential in cities like Delhi, where new borewells are banned, but replenishment is legal ✔️ Proven traction—4,000+ projects completed, including 400 for a government program Yes, they haven’t fully cracked their scaling strategy yet. But isn’t that exactly where the sharks should help? Instead, they undervalued a deeptech company solving a real problem. What’s your take? Did the sharks miss out on a big opportunity, or was their caution justified? ---------------------------- http://www.borecharger.com

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