Calling all college students and busy bees! Are you ready for an energy boost that’s easy on your wallet? Buckle up, because Vold Energy Drink is here to revolutionize your mornings (and afternoons, and maybe even those late-night study sessions). Forget overpriced brands – Vold is the brainchild of a passionate young entrepreneur who believes that quality energy shouldn’t cost a fortune.
But Vold is more than just affordable. This unique startup is all about creating a pocket-friendly energy drink packed with flavor and free from the hefty price tag. But did Devesh, the founder, manage to convince the Sharks on Shark Tank India? Tune in as we dissect his pitch, explore the concerns raised by the investors, and see if Vold has the potential to become the next big thing in the energy drink market!
About The Company – Vold Energy Drink
Startup / Company Name | Vold Energy Drink |
Industry | Energy Drink Industry |
Founder | Devesh Mahesh Bochre |
Product / Service | Energy Drinks Products |
Revenue | 3 Lakhs (july 23) |
About The Pitcher
Number of Presenters | One presenter |
Name of Presenters | Devesh Mahesh Bochre |
Pitchers City | Ahmednagar |
Pitchers State | Maharashtra |
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Vold Energy Drink Pitch Details
Shark Tank Episode | Episode |
Original Ask Amount | ₹ 50 Lakhs |
Original Ask Equity | 2% Equity |
Original Valuation | 25 Crores |
Offer Received | 1)10 Lakhs For 10% Equity + 40 Lakhs at 3% Royalty until 40 lakhs is recouped |
Final Deal Amount | 10 Lakhs |
Total Deal Equity | 10% Equity |
Sharks in Deal | Aman Gupta |
Solutions Offered By Business
Vold Energy Drink isn’t your average energy drink brand. It focuses on offering a specific solution: providing a high-quality energy drink at an affordable price point. Here’s a breakdown of what Vold offers:
- Cost-Conscious Energy: Vold prioritizes affordability, making energy drinks accessible to a wider audience. This is especially appealing to students and budget-conscious consumers.
- Focus on Quality: Despite the lower price, the pitch indicates Vold doesn’t compromise on quality. Devesh mentions using good ingredients, suggesting a focus on effectiveness alongside affordability.
- Undisclosed Formula: The transcript doesn’t reveal the specific ingredients, but Devesh mentions it includes Inositol, a carbohydrate known to boost serotonin levels. This suggests Vold might be aiming for a functional benefit beyond just a caffeine kick.
In essence, Vold Energy Drink offers a solution for those who want the benefits of an energy drink without breaking the bank. They position themselves as a more accessible alternative to established brands, potentially appealing to a new customer segment within the energy drink market.
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Lesser Known Facts About Vold Energy Drink
- Young and Passionate Founder: Devesh, the founder, dropped out of college to pursue his entrepreneurial dream. This highlights his dedication and passion for creating Vold.
- Jugaadu Marketing: Devesh showcases resourcefulness by using his car for branding and employing creative marketing strategies like sending bulk WhatsApp messages.
- Focus on Affordability: Vold prioritizes being a pocket-friendly alternative to existing energy drinks, targeting a potentially wider customer base.
- Undisclosed Formula: The pitch doesn’t reveal the full ingredient list, leaving some aspects of the product a mystery.
- Sharks’ Concerns: The Sharks raised concerns about scalability, long-term vision, and the valuation Devesh proposed.
- Counteroffer and Negotiation: Despite initial rejections, Devesh received a counteroffer from Aman Gupta, showcasing the potential for a deal despite initial reservations.
- These interesting facts paint a picture of a passionate yet raw startup. Vold’s focus on affordability and Devesh’s resourcefulness are unique aspects, but the pitch also highlights areas for improvement, such as a more detailed business plan and a clearer long-term vision. Whether they secure funding elsewhere or refine their approach, Vold’s journey on Shark Tank India has sparked interest and showcased the potential of this young entrepreneur.
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