Dorje Teas is a start-up dedicated to providing high-quality, organic tea to customers in India.
The company was founded in April 2021 by Sparsh Agrawal and Ishaan Kanoria. They both come from Darjeeling and have a family history in the tea business. Recognizing the demand for natural, organic tea in the market, they set out to create a company that would provide these products directly to consumers at a reasonable price.
To achieve this goal, Dorje Teas sources its products directly from farmers, ensuring that all of the tea it sells is natural and organic. The company also offers a variety of purchasing options, including online, offline, and subscription-based sales, making it easy for customers to purchase the products they need.
Dorje Teas has quickly gained popularity and is now available throughout India.
More About Dorje Teas
One of the key challenges faced by Dorje Teas is the presence of a middleman in the traditional supply chain for tea. This can make it difficult for consumers to access high-quality, organic products at a reasonable price.
To address this issue, Dorje Teas Direct was created to connect customers directly with the tea gardens, allowing them to purchase top-quality tea at a more reasonable cost.
In Shark Tank Season 2 Episode 1, Sparsh and Ishaan had the opportunity to pitch their company to a panel of investors and requested 5% equity in exchange for INR 30 lakhs at a valuation of INR 6 crores.
They were successful in securing funding from the Sharks. Also, it is clear that they are committed to building a successful and sustainable business that meets the needs of its customers. Overall, Dorje Teas is poised for continued growth and success in the years ahead.
Dorje Teas Shark Tank India Pitch And Updates
The founders Sparsh and Ishaan impressed the judges a lot. The way in which Sparsh shared about their brand and his storytelling skills made all the sharks a fan of him. Here are further details about their pitch and the investment that Dorje Teas got from Shark Tank India season 2:
|Company Name||Dorje Teas|
|Founders||Ishaan Kanoria (CEO) and Sparsh Agarwal|
|Headquarters||West Bengal (Kolkata & Darjeeling)|
|Profitability||Business is Loss Making|
|Shark Tank Episode||Season 2 – Episode 1|
|Asked For||30 Lakhs INR for 5% Equity|
|Deal||30 Lakhs INR for 15% Equity|
|Sharks Invested||Anupam Mittal, Vineeta Singh, and Peyush Bansal|
|Valuation Given||2 Crores|
Frequently Asked Questions About Dorje Teas
Here are some frequently asked questions about Dorje Teas that people are asking over the Internet after their appearance on Shark Tank India season 2:
1. Who Is The Founder of Dorje Teas?
Ishaan Kanoria and Sparsh Agarwal are the founders of the brand Dorje Teas.
2. Is The Business Profitable?
No, at the time of their appearance on Shark Tank India, the business was making losses.
3. What Happened to Dorje Teas After Shark Tank?
Dorje Teas received investment from Anupam Mittal, Vineeta Singh, and Peyush Bansal. They invested a total sum of 30 lakhs in return for 15% equity in the brand.
After their pitch aired on tv, the brand posted from their official Twitter handle:
Thank you so much @vineetasng @AnupamMittal @peyushbansal for investing in our pitch! We look forward to working with you with your encouragement and support!#SharkTankIndiaSeason2 #SharkTankIndiaS2onSonyLIV #SharkTankIndiaS2onSonyEntertainmentTelevision pic.twitter.com/MxpJSA44jj
— Dorje Teas (@DorjeTeas) January 3, 2023