Dhruv Vidyut is a business dedicated on electrifying Indian bicycles. According to the founder, 58% of people use the cycle for their everyday travel. The invention of the company is known as Dhruv Vidyut Electric Conversion Kit or DVECK. DVECK promises to have 25kph speed and a 40 Kms range. It can also handle 170 kg, the payload. For which he spent 100 hours seeking an investment of 0.5%, Gursaurabh wants to bring his creation to every Indian household.
Gursaurabh revealed that he uploaded a video on LinkedIn featuring his innovation whereupon Peyush, Anupam, and Aman even contacted him for assistance but he was not able to reply. DVECK takes 20 minutes to fit and transform any cycle into an electric one and may be bolted on to reto bycycles. It can also relate to the cell phone and offer bicycle GPS coordinates. The innovation comes in pedal charging power. It is also tested under every possible climate. Alminium of aircraft grade makes up the product.
Gursaurabh said he needs sharks’ help to lower the cost since he believes this is all he could achieve on his own and he couldn’t reduce it down even after thinking about producing this elsewhere. Second, he also needs assistance with distribution. The base model for DVECK costs 9000 INR for manufacture. According to the founder, the motor of the DVECK is 45% more efficient than any other motor on the market. Gursaurabh has so far spent ₹68 lakhs on this project. He said that as of time on the pitch, he has not considered selling only the motor to the other manufacturers since his objective is first impact and then earnings.
Company Name: Dhruv Vidyut
Founder: Gursaurabh Singh
Product: Electric Conversion Kit
Highlights
1. Signature dishes of authentic North Indian cuisine are Dal Makhani and Butter Chicken, thought to be recipes from the background of the brand.
2. For families and foodies, the chain of restaurants provides a classy but reasonably priced dining experience.
3. Daryaganj has grown to other sites, therefore introducing its tastes to a greater audience.
4. The brand guarantees great standards in food preparation, ingredient choice, and service quality.
5. Legacy and Storytelling: The brand stresses its historical background, therefore transforming dining from a meal into a cultural event.
Pitch Details
Ask: 100 hours for 0.5% equity.
Deal: After negotiation Peyush Bansal, Anupam Gupta and Aman Gupta, finished the deal at 100 Hours for 0.5% Equity (Condition – 1. Dhruv Vidyut has to raise ₹1 Crore. 2. Aman & Peyush will be the first investors of Dhruv Vidyut).
Investors: The investment came from Peyush Bansal, Anupam Mittal and Aman Gupta.
Conclusion:
Daryaganj’s offer appealed to the sharks because of its special mix of history, quality, and commercial promise. With a strong emotional and cultural bond to its consumers, the brand effectively positioned itself as a premium North Indian eating experience. The company appealed to investors with its scalable approach and rather strong income records. Although there were several proposals throughout talks, the company finally landed a bargain consistent with its strategy. Strong brand story, financial performance, and expansion possibilities all around Daryaganj make it an interesting endeavour in the Indian restaurant sector.
