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Dorje Teas has Raised INR 30 lakhs for the equity of 15% from Shark Tank India season 2. Anupam, Vineeta, and Peyush invested in this Darjeeling tea Startup with a valuation of two crores. When they both entered Shark Tank India, Sparsh Agarwal and Ishaan Kanoria requested 30 lakhs from the sharks in exchange for 5% equity. They had marketed their product to the sharks with their business trip story. Vineeta Singh offered Rs. 30 lakhs for 10% equity at an estimated cost of Rs. 3 crores. For a 15% stock stake valued at 2 crores, Peyush Bansal, Anupam Mittal, and Vineeta offered Rs. 30 lakhs. The founder agreed to this agreement.
About Dorje Teas
An organic and natural subscription-based tea company is called Dorje Teas. It provides direct client delivery of teas from the farm at a reasonable cost. It sells Tea packets through its website throughout India on a subscription basis.
Selim Hills is home to five tea farms, and all of their Selim Hills products are USDA-certified organic. They offer a variety of teas, such as chamomile tea, Kashmiri kahwa tea, hibiscus tea, and gondhoraj lemon honey tea, among others.
Additionally, they provide wide varieties of black tea and green tea. Their teas range in cost on average from 200 to 1000 rupees.
After the Covid19 Pandemic, Sparsh Agrawal and Ishaan Kanoria founded the Dorje Tees firm, which they opened for business in April 2021. The founder is from Darjeeling, and their family has long been involved in the tea industry. Sharks tried this tea, and they thought it tasted good. The tea market in India is worth 1.2 lakh crores, and Darjeeling tea accounts for 1,500 crores or 1% of that market.
They charge a yearly subscription of 2,100. In five years, according to the founder, they will conduct a business of 100 crores. They made 11 lakhs in sales in the final month of August 2022.
Their sales could reach 1.5 crores in 2022. In this business, their gross margin is 75%, and their net margin is negative. On a monthly revenue of 11 lakhs, they had a cash flow of 2 lakhs.
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Problem Solved by Dorje Teas
The tea startup Dorje Teas delivers authentic, organic tea to customers. All their tea products are natural, organic, and imported directly from farmers. So no middlemen are involved. Customers can get it at an affordable price. This company offers subscription-based, online, and offline sales of its goods throughout India. Dorje Teas offers tea that is entirely natural and contains no additives.
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