Dil Foods is a virtual restaurant operator that collaborates with restaurants to build regional food brands. It helps restaurant owners in using their facilities to full capacity and earn extra revenue.
More About Dil Foods
Restaurants can connect with Dil Foods and choose to prepare and operate one out of 8 cloud brands parallelly. So, when users order food on Swiggy and Zomato from their cloud brands, they get standardized, hygienic, and regional Indian food.
Here are some other insights about Dil Foods from Shark Tank India:
- In the last 1.5 years, they have partnered with 65+ restaurants.
- They operate 111 outlets through those restaurants.
- Dil Foods has helped its partners generate 6 crores+ in incremental revenue.
Founder of Dil Foods
Arpita Aditi is the founder and CEO of Dil Foods, a virtual restaurant operator.
Dil Foods Shark Tank Pitch and Updates
Arpita Aditi appeared on Shark Tank India season 3 and shared details about her startup and how they are helping restaurant owners earn extra income without any extra investment.
In her Shark Tank Pitch, the founder of Dil Foods was very confident and shared every business insight very clearly. She impressed all the Sharks with her detailed answers and her knowledge of the food industry.
As per the founder, they started the company as Nutnbolt in 2019
The founder demanded INR 50 lakhs for 0.25% equity at a valuation of INR 100 crores.
After the initial pitch,
- Aman Gupta asked a few questions about their business model and why would restaurants be interested in partnering with them.
- Radhika Gupta also asked about their process and how they are benefitting the restaurants.
- Peyush Bansal wanted to know their process of food preparation and other important details. Arpita answered that amazingly well.
After all the discussion, Dil Foods received multiple offers from Peyush Bansal, Vineeta Singh, Radhika Gupta, and Ritesh Agarwal which they later combined. Arpita accepted the combined offer and the details are given below:
| Company Name | Dil Foods |
| Founders | Arpita Aditi |
| Headquarters | Bangalore, India |
| Founded Year | 2022 |
| Business | Virtual Restaurant Partner |
| Profitability | Yes |
| Shark Tank Episode | Season 3 – Episode 5 |
| Asked For | INR 50 lakhs for 0.25% equity |
| Deal | INR 2 Crore for 2.67% equity |
| Sharks Invested | Peyush Bansal, Radhika Gupta, Vineeta Singh, and Ritesh Agarwal |
| Valuation Given | INR 75 crores |
| Website | Click Here |
Dil Foods got a deal of INR 2 Crore for 2.67% equity at a valuation of 75 Crores from Peyush Bansal, Radhika Gupta, Vineeta Singh, and Ritesh Agarwal.
Frequently Asked Questions About Dil Foods
After their appearance on Shark Tank India Season 3, people tried to find more information about Dil Foods. So here are some of the frequently asked questions about them.
1. Who Is The Founder of Dil Foods?
Arpita Aditi is the founder and CEO of Dil Foods, a virtual restaurant operator.
2. Is Dil Foods From Shark Tank India profitable?
Yes, Dil Foods is a profitable brand and this year they had a projected EBITDA margin of 5-6% on revenue of around 14 Crores.
4. What happened to Dil Foods after the Shark tank?
Dil Foods was able to secure investments from Shark Tank India judges. They now have a plan to launch many other cloud brands including All Things Fried, Chinese Kaka, Bowled Over, and BAM.
5. What Is The Valuation of Dil Foods?
Dil Foods raised funding from Shark Tank India season 3 at a valuation of 75 crores.
1 Comment