More About Chefling
Chefling Kits provides an easy and efficient way for people to enjoy unique recipes right at their homes. They have a range of DIY Kits based on different customer requirements.
Here are some of their major offerings:
- Sushi and Mochi
- Enchilada and Taco
- Lasagna, and more.
Founders of Chefling
Rounit Kashyap Gambhir is the founder and CEO of Chefling, a hassle-free culinary solution for restaurant-style meals at home
Chefling Shark Tank Pitch and Updates
Rounit appeared on Shark Tank India season 3 and shared details about his unique business of food DIY kits.
The founder started his pitch by letting the Sharks taste Sushi which he prepared using his DIY Kits. he told the Sharks that people often want to have such delicious recipes but they are not able to prepare or arrange the ingredients at home.
To help people with the same problem, Rounit started Chefling, a unique DIY Kit that includes all the ingredients needed to make a tasty global recipe.
As per the founder, they started the business in August 2020 and to date, they have sold 5000+ DIY kits PAN India. He also shared that by 2025, the DIY Meal Kit market will be around 8000 crores.
After that initial pitch, the founders demanded INR 40 Lakhs for 10% equity at a valuation of INR 4 crores.
After that, the Sharks started asking various questions about his business:
- Azhar iqubal asked the founder how he got this unique business idea of feeding International dishes to Indians.
- Peyush Bansal told the founder that multiple such companies are working in the US with the same idea. How his brand differs from other market players.
- Amit Jain appreciated the branding and asked the founder who worked on the branding part. He also asked him about the pricing for each kit and found it on the higher side.
- Anupam Mittal asked the founder about his story and how his family dealt with all the things that happened to their textile business.
- The founders also asked about their profitability, forecasted revenue for that year, and more details about the business.
After all the discussion, the founder received two offers from different Sharks. In the end, he went with a combined offer from four Sharks.
| Company Name | Chefling |
| Founders | Rounit Kashyap Gambhir |
| Headquarters | Mumbai, Maharashtra |
| Founded Year | 2020 |
| Business | DIY meal Kits |
| Profitability | Yes |
| Shark Tank Episode | Season 3 – Episode 21 |
| Asked For | INR 40 Lakhs for 10% equity |
| Deal | INR 40 Lakhs for 16% equity |
| Sharks Invested | Amit Jain, Namita Thapar, Peyush Bansal, and Azhar Iqubal |
| Valuation Given | INR 2.5 Crores |
| Website | Click Here |
Chefling secured a deal of INR 40 Lakhs for 16% equity at a valuation of INR 2.5 Crores from Amit Jain, Namita Thapar, Peyush Bansal, and Azhar Iqubal.
Frequently Asked Questions About Chefling
After their appearance on Shark Tank India Season 3, people tried to find more information about Chefling. So here are some of the frequently asked questions about them.
1. Who Is The Founder of Chefling?
Rounit Kashyap Gambhir is the founder and CEO of Chefling, a hassle-free culinary solution for restaurant-style meals at home
2. Is Chefling From Shark Tank India profitable?
Yes, Chefling is a profitable business and as per their Shark Tank India pitch, the company had a net profit margin of 40-50% on a monthly revenue of around 1.5 lakhs.
3. What happened to Chefling after the Shark Tank?
Chefling secured a deal from Shark Tank India based on his strong business execution and product knowledge. They will now be focusing on reducing the prices a bit to acquire the market.
4. What Is The Valuation of Chefling?
Chefling was able to secure a deal from Shark Tank India at a valuation of INR 2.5 Crores.
