Dil foods Known As Dil Food Shark Tank On Internet | Shark Tank India | Season 3

Episode 5:-

Dil Foods is a virtual restaurant operator that creates fresh food inspired by different regions and cultures of India and works with small and large restaurants across the country for perfect cooking and ultimate delivery.

Imagine that a new restaurant has opened that can accommodate 100 guests per day. Now its staff and resources are ready for 100 people, but only 50 guests will attend. Now you must think that when you order any of our brands from Swiggy or Zomato, you are getting standardized, hygienic local Indian food.

In the last year and a half, They have connected more than 65 resources, of which they use 111 of our outlets. To date, we have brought over 6 Cr in additional revenue to our resource partners.

The recipes and supplies are all done by Dil Foods, In the products that they give to the cooperating restaurants, they use freeze drying and freeze drying in products that are fresher than what is available in restaurants.

They make it fresh, bring it to minus 18 degrees, and then freeze it. So it’s fresher than what you get in restaurants.

98% of restaurants in India are underutilized. Under utilitarian means that you have a potential of 200, but you currently use 50. These define brands that 150 explain the balance. This is an assignment based on geographic presence, They make it a virtual franchise.

The production happens in Bangalore. They have invested 3.5 crores in CapEx Arpita Aditi’s Parents are the investors. Logistics is their supply chain, which is very low cost, less than 1%.

Fundraising:

Initial Round: Raised 1 crore at a valuation of 14 crores, diluting 7% equity.
Subsequent Rounds:
Raised 40 lakhs through a bridge round.
Another 40 lakhs in February of the following year, at a valuation of 40 crores.
The most recent round of 15.5 crores at a valuation of 75 crores.

Financials:

Revenue: 7 crores in the first year, with a loss of 1 crore. Achieved 13.16 crores in the first 7 months of the following year, with a projected 30 crore revenue and 2.2 crore profit for the full year.
Profit Margins: Gross margin of 63%, with an 11.65% EBITDA reported in the last month.

AttributeDetails
Company NameDil Foods (Nut n bolt Business Solution Private Limited)
Founders & CEOArpita Aditi
HeadquartersBengaluru, Karnataka, India
Founded Year2022
BusinessVirtual restaurant service
Profitabilityprofitable
Shark Tank EpisodeSeason 3 – Episode 5
Asked For₹ 50 Lakhs for 0.5% Equity
Deal₹ 2 Crores for 2.67% Equity
Sharks InvestedVineeta singh, Peyush Bansal, Ritesh Agrawal and Radhika Gupta

The Owner And Founder Of Dil Foods Arpita Aditi On Shark Tank

image of dil foods owner arpita aditi on shark tank

Arpita Aditi is basically from Ranchi Jharkhand, She is a biotech engineer from Manipal University. After graduation, I worked in Himalaya Drinks and Reliance Capital. The turning point of my career was when I joined Swiggy from 2017 to 2019. I started a company called Nut n Bolt, where we managed online and offline restaurant business.

Arpita Aditi the CEO of Dil Foods is described as an honest, effective, and composed leader with a deep understanding of her business. She emphasizes building a sustainable ecosystem where no restaurant needs to shut down due to low revenue or profits. Arpita’s approach is capital-light, focusing on profitability and efficient resource utilization.

Education:

Degree: Biotech Engineering
Institution: Manipal University

Professional Experience:

Himalaya Drinks: Worked in a role likely related to biotechnology or business.


Reliance Capital: Gained experience in a major corporate setup.


Swiggy: Worked from 2017 to 2019. This stint at Swiggy was pivotal in shaping her understanding of the food delivery business.

Entrepreneurial Journey:

Initial Venture: Started Nut n Bolt, an agency aimed at assisting restaurants with both online and offline business operations. The primary goal was to help restaurants manage their dine-in customers more effectively.

Pivot to Dil foods: Realized that many restaurants were underutilized and could benefit from additional revenue streams. This insight led to the creation of the Brand in April 2022.

Dil Foods Products Online

You can order Dil Foods Products on their website or Swiggy and Zomato,

Website: dilfoods.in

image of dil food products

Dil Foods Shark Tank Episode Number 5 Season 3 Watch Online Full Video

Video Courtesy Shark Tank India

Conclusion

Arpita Aditi is described as an honest, articulate, and composed leader with a deep understanding of her business.
She emphasizes building a sustainable ecosystem where no restaurant needs to shut down due to low revenue or profits. Her approach is capital-light, focusing on profitability and efficient resource utilization.

The pitch resonated well with the investors, highlighting her strong grasp of the restaurant industry, innovative approach to solving its challenges, and the impressive growth and financial performance of the brand.

Frequently Asked Questions

Who is the owner of Dil Foods?

Arpita Aditi is owner and CEO.

What is the valuation of Dil Foods?

Four Shark Tank India judges have concurred to contribute Rs 2 crore in, Dil Foods, at a valuation of Rs 75 crore.

What is the business model of Dil Foods?

The Brands operates as a virtual restaurant operator, creating regional Indian food brands that partner with existing restaurants for cooking and distribution.

Partner Network: Connected with over 65 resources, operating from 111 locations.

Revenue Generation: Generated incremental revenue of more than 6 crores for its partners.

Standardization: Utilizes freeze-drying technology (lyophilization) to maintain food quality and hygiene, ensuring consistency across all locations.

Where is Dil Foods headquarters?

 Bangalore, India.

What is the revenue of Dil Foods?

The estimated revenue is 1.50 Cr Approx.

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