Based in Delhi, Shickwheel is a firm focused in cooking equipment, kiosks, and bespoke mobile food vans. Their innovation lets food companies run on wheels and provides specially constructed food trucks with top-notch kitchens. By offering custom-made, fully-equipped, and robust food trucks for businesses, the company hopes to transform India’s street food and mobile restaurant sector.
Shickwheel’s USP is its customizing and superior build quality; nonetheless, their price is somewhat costly in relation to rivals.
Company Name: Shickwheel
Founder: Rishabh and Parth Sachdeva
Product: Mobile Kitchen n Foodtruck Manufacturing
Highlights:
1. Designed Mobile Food Vans provide businesses with customised food trucks, kiosks and kitchen tools.
2. High-quality construction emphasizes sturdy, completely equipped kitchens.
3. Transforms Street Food Industry: seeks to modernize Indian mobile food companies.
4. Scalability Issues: On Shark Tank India, worried about price and competitive edge.
5. Competes with less expensive options but stresses quality and customizing in market differentiation.
Pitch Details
Ask: ₹75 lakhs for 1% Equity (Valuation: ₹75 crores)
Deal: After negotiations deal couldn’t happen
Investors: NO DEAL
Conclusion: With tailored mobile food vans, Shickwheel presented a creative business strategy meant to transform the food truck sector. But the sharks were dubious about their high value and pricing issues. The founders insisted on their valuation despite offers at reduced equity, which turned off any deal. Their brand became well-known through Shark Tank India Season 4 even though they failed to attract funding.
