Adil Qadri is a premium fragrance brand in India. The brand provides a range of products including attars, perfumes, incense sticks, and more. Adal Qadri is known for its premium quality fragrances, cruelty-free approach, and 100% vegan products.
More About Adil Qadri
Adil Qadri has created a new range and variety of attars to let people fit the current lifestyle. These perfumes come in a variety of smells suitable for both formal and casual events.
Another great thing about their products is that they are 100% alcohol-free. This makes the brand a right fit for people who are not able to use alcohol-based perfumes because of religious reasons.
Founders of Adil Qadri
Adil Qadri is the founder of the leading fragrance brand named Adil Qadri. He launched the brand in 2018 and named it after his name itself.
Adil Qadri Shark Tank Pitch and Updates
Adil Qadri appeared on Shark Tank India season 3 and shared details about his fragrance business. He also shared that he had to leave his studies in class 5th due to Asthma but this eventually made him strong and resilient to failures.
In his Shark Tank Pitch, he also shared how he started learning about digital marketing and SEO in 2014. After that, he used his SEO skills to grow several eCommerce brands and failed. Later, he started Adil Qadri in 2018 and took it to new heights, and currently his brand processes around 3000 orders daily.
As he named the products with the word ‘attar’ instead of ‘ittar’, Aman Gupta asked him the reason for the same. To answer that Adil Qadri shared that he is from an SEO background and the search volumes for ‘attar’ were more thus he took that name.
One major issue that Sharks found in his business is the debt he has taken in the last few years. As per Adil Qadri, he raised around 6 Crores in debt from various entities to run his business.
Adil Qadri demanded INR 1 Crore for 0.5% equity at a valuation of INR 100 crores.
After the initial pitch, the sharks wanted to know more about his growth and sales, so he shared the following details:
- FY 20-21 – 5.3 Crore in sales and 3.5% EBITDA
- FY 21 22 – 10 Crores in sales and 1.5% EBITDA
- FY 22 23 – 20.7 Crores in sales and 1% EBIDTA
- FY 23 24 Projection was 80 to 90 Crores in sales and around 5% burn
Below are some important details about Adil Qadri from Shark Tank India:
|Shark Tank Episode
|Season 3 – Episode 10
|INR 1 Crore for 0.5% equity
|1 Crore for 1% With 1% Royalty Till She Gets 1 Crore Recouped
|INR 100 Crore
Adil Qadri got a deal of INR 1 Crore for 1% With 1% Royalty Till She Gets 1 Crore Recouped from Vineeta Singh.
Frequently Asked Questions About Adil Qadri
After their appearance on Shark Tank India Season 3, people tried to find more information about Adil Qadri Shark Tank. So here are some of the frequently asked questions about them.
1. Who Is The Founder of Adil Qadri?
Adil Qadri is the founder of the leading fragrance brand named Adil Qadri.
2. Is Adil Qadri From Shark Tank India profitable?
No, unfortunately, Adil Qadri is not yet a profitable company and is under a debt of 6 Crores.
3. Why Other Sharks Did Not Invest In Adil Qadri?
All four sharks except for Vineeta Singh did not invest in Adil Qadri. Anupam Mittal and Aman Gupta got out because of the debts, Namita left the deal because she was not able to relate to the products, and Amita Jain did not invest because of low organic growth for the brand.
4. What happened to Adil Qadri after the Shark tank?
Adil Qadri was able to get investment from Vineeta Singh for his brand. We are following up with them and shall share any updates as soon as we receive them.
5. What Are The Sales of Adil Qadri After Shark Tank?
Adil Qadri has not shared any recent sales data but after the episode aired live, they have witnessed a huge traffic growth on their website and brand searches on e-commerce platforms.
4. What Is The Valuation of Adil Qadri?
Adil Qadri has a valuation of 100 Crores as per the investment made by Vineeta Singh.