Devesh Mahesh Bochre, a 20-year-old entrepreneur hailing from Ahmednagar, is the mastermind behind Vold Energy Drink, a burgeoning Indian beverage brand.
His passion for crafting affordable yet delicious energy drinks has propelled him into the spotlight, landing him a coveted spot on Shark Tank India Season 3 Episode 17.
- Founder: Devesh Mahesh Bochre
- Business: Vold Energy Drink (Beverage)
- Ask: ₹50 Lakhs for 2% equity
- Valuation/Networth: ₹25 Crores
- Funding: ₹10 Lakhs for 10% and ₹40 lakhs as debt at 3% royalty until ₹40 Lakhs is paid back
- Shark: Aman Gupta (Season 3 Episode 17)
Analysis:
- Devesh Mahesh Bochre: He is the founder and CEO of Vold Energy Drink. You haven’t provided additional information about his background or experience, which could be helpful in understanding his capabilities and potential for success.
- Business: Vold Energy Drink operates in the competitive beverage industry. More details about the product, its unique selling proposition, target market, and current sales performance would be beneficial.
- Ask: Bochre requested ₹50 Lakhs for only 2% equity. This suggests high confidence in his business and potentially a lower valuation than investors might expect.
- Valuation/Networth: The claimed valuation of ₹25 Crores seems high based on the limited information provided.
- Funding: Bochre proposed a unique blend of equity and debt, offering ₹10 Lakhs for 10% and ₹40 Lakhs as debt with a 3% royalty until repayment. This raises questions about the company’s financial situation and potential risks for investors.
- Shark: Aman Gupta was the only shark interested in the deal. It’s unclear whether he ultimately invested and under what terms.
The Vold Energy Drink Pitch: A Blend of Passion and Innovation
In their compelling pitch, Devesh showcased Vold Energy Drink’s unique selling proposition – its incorporation of Inositol, a compound known for inducing feelings of happiness.
With a valuation of ₹25 Crores, Devesh sought ₹50 Lakhs for a mere 2% equity stake, a testament to his confidence in the brand’s potential.
Navigating the Waters of Revenue and Financials
Despite stiff competition in India’s ₹3,500 Crores energy drink market, Vold Energy Drink’s competitive pricing strategy at ₹60 per unit has given them an edge.
With a production cost of ₹28 per can and a distributor selling price of ₹43, the company has demonstrated its financial viability.
From Sales Surge to Strategic Setbacks: Vold’s Financial Journey
Vold Energy Drink experienced a promising start with revenues totaling ₹1.5 Lakhs in its inaugural week, followed by a staggering 133% growth.
However, the company faced challenges, experiencing a dip in sales in July before projecting a rebound in September, showcasing the volatile nature of the beverage market.
Vold Energy Drink Networth 2024
The founder of Vold Energy Drink is Devesh Mahesh Bochre. The claimed valuation of ₹25 Crores seems high based on the limited information provided.
Negotiating the Shark Tank Waters: Aman Gupta’s Offer Seals the Deal
Navigating the turbulent waters of Shark Tank, Devesh Mahesh Bochre remained steadfast in his pitch for Vold Energy Drink. Despite initial doubts from multiple sharks, it was Aman Gupta whose faith in Devesh’s vision shone brightest.
With an offer of ₹10 Lakhs for a 10% stake in the company, alongside an additional ₹40 lakhs debt at a 3% royalty rate, Gupta’s proposition sealed the deal, injecting Vold Energy Drink with the financial boost necessary for its journey towards triumph and prosperity.
Post-Shark Tank Trajectory: Illuminating the Path Forward
While the closure of the deal with Aman Gupta remains undisclosed, Vold Energy Drink’s appearance on Shark Tank India has undeniably catapulted the brand into the limelight, garnering invaluable exposure and validation.
As Devesh endeavors to transform his vision into a global phenomenon, the journey of Vold Energy Drink continues to unfold.
