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Nimesh Pinnamaneni
ย โขย
Helixworks Technologiesย โขย 1m
Did the Sharks Miss a Big Opportunity with BoreCharger? ๐ค A Profitable Deeptech Startup Walks Into Shark Tankโฆ And Gets Lowballed?! ๐คฏ Yesterdayโs Shark Tank India S4E46 featured BoreCharger, a company with a patented robotic system to replenish dried borewellsโa massive opportunity in water-scarce regions. They asked for โน75L for 1.5% equity, backed by solid financials: ๐ Revenue & EBITDA Growth: - FY21: โน1.02 Cr - FY22: โน2.78 Cr - FY23: โน3.22 Cr (8% EBITDA) - FY24: โน5 Cr+ (15%+ EBITDA) For a hardware deeptech company, this is rareโtheyโve been profitable and are scaling efficiently. Yet, only Kunal Bahl showed interest, offering โน75L for 10% equityโa huge dilution.The founders countered with 2.5% equity, but Kunal didnโt budge, and the deal fell apart. This Rejection is Bizarre ๐คจ Sharks regularly fund โme-tooโ D2C brands burning cash on ads, yet they passed on a tech-driven company with: โ๏ธ A real tech moat (patented robotic machine) โ๏ธ Minimal competition in a massive market โ๏ธ Huge TAMโ4 Cr+ borewells in India, with major potential in cities like Delhi, where new borewells are banned, but replenishment is legal โ๏ธ Proven tractionโ4,000+ projects completed, including 400 for a government program Yes, they havenโt fully cracked their scaling strategy yet. But isnโt that exactly where the sharks should help? Instead, they undervalued a deeptech company solving a real problem. Whatโs your take? Did the sharks miss out on a big opportunity, or was their caution justified? ---------------------------- http://www.borecharger.com
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