Rutvij Showcased the possibilities in the electric vehicle market, particularly for targeted areas, despite facing challenges in scaling and differentiation.
Company Name: Booz Scooters
Founder: Rutvij Dasadia
City: Ahmedabad
Product: An electric scooter rental service designed for private and gated spaces
Highlights
- Rutvij demonstrated the potential of electric scooters in reducing pollution and promoting green transportation. She demonstrated her expertise in creating authentic Himalayan momos.
- The concept was appreciated for catering to a niche market; however, some sharks raised concerns about scalability and profitability in the long term.
- Vineeta Singh and Ashneer Grover’s investment reflected his belief in the potential of electric mobility in India.
Pitch Details
Ask: ₹40 lakh for 15% equity.
Deal: After negotiations, Rutvij secured a deal for ₹75 lakh in exchange for 50% equity.
Investors: The investment came from Ashneer Grover and Vineeta Singh.
Conclusion: While the business idea had merit, sharks emphasized the importance of robust operational management and expanding beyond private spaces to grow the business.
