Sustainable Packaging
Innovative
Season 3 Episode 39
| Brand | Dharaksha Ecosolutions |
| Company Name | Dharaksha Ecosolutions Private Limited |
| Founders | Anand Bodh, Arpit Dhupar |
| Original Ask | 1250 for 1% equity at the valuation of Rs. 1.25 lakhs and 100 hours |
| Deal | 1250 for 1% equity at the valuation of Rs. 1.25 lakhs and 100 hours |
About the Product
Dharaksha Ecosolutions offers state-of-the-art packaging material crafted from crop stubble waste. Their innovative solution presents a greener, cleaner, and more sustainable alternative to conventional packaging materials. Their home-grown, organic, and biodegradable packaging material underscores their commitment to environmental stewardship and reducing waste. By repurposing crop stubble waste into packaging material, they contribute to mitigating environmental pollution while providing a practical and eco-friendly solution for packaging needs.
Dharaksha Ecosolutions’ packaging material not only addresses environmental concerns but also promotes a circular economy by utilizing agricultural waste in a valuable and resourceful manner. This approach aligns with the growing demand for sustainable products and reinforces their dedication to creating a cleaner and more sustainable future.
Founders & their story
- Anand Bodh
- Arpit Dhupar
Dharaksha Ecosolutions, a biotech-driven R&D company specializing in the production of alternative sustainable materials, addresses the pressing issue of paddy straw waste burning in states surrounding Delhi. Annually, 3-4 crore tonnes of paddy straw waste contribute to environmental degradation. Traditional materials like thermocol take an alarming 2000 years to degrade, exacerbating environmental concerns.
Dharaksha Ecosolutions innovatively transforms crop stubble into sustainable materials using their engineered mushroom strain. Upon transportation to their facility, the stubble undergoes a process where mycelium spreads across it, forming a dough-like texture. This dough is then filled into molds and stored for 4 days before being baked in an oven to eliminate the mycelium, resulting in a sustainable product. While the price of their product is 2X – 3X that of thermocol, it boasts the unique selling proposition of reducing box size by up to 15-20% and offering hydrophobic packaging. The founders of Dharaksha Ecosolutions are currently seeking investment at a valuation of Rs 100 crores. Additionally, they plan to acquire a debt of 2 crores for machine automation. With a runway of 6-8 months, their monthly expenses on salaries amount to 12-14 lakhs for a team of 40.
Targeting industries such as cosmetics and consumer electronics, Dharaksha Ecosolutions aims to leverage the expertise of potential investors (“sharks”) for market access, networking, technology, and automation, as well as to develop a sustainable MOAT strategy. Their future plans include aligning their product pricing with that of paper packaging and thermocol packaging within 3-4 years. Furthermore, they aim to develop a harder version of their product within the same timeframe. Dharaksha Ecosolutions is poised to make significant strides in combating environmental degradation and offering sustainable solutions to industries.
About the company
Dharaksha Ecosolutions, headquartered in Delhi and nurtured by the Regional Center for Bio-Technology (RCB), stands at the forefront of environmental consciousness. Their core mission revolves around the development and distribution of biodegradable packaging materials, strategically aimed at combatting the dual challenges of stubble burning and plastic pollution. Through meticulous research efforts overseen by seasoned scientists and visionary entrepreneurs, they tirelessly pursue innovative solutions for a sustainable tomorrow.
Their commitment extends beyond mere rhetoric, as evidenced by their cutting-edge approach to crafting packaging materials from crop stubble waste. This approach not only addresses the pressing need for eco-friendly alternatives but also champions the utilization of locally sourced, organic resources. In doing so, they embody the ethos of responsible stewardship, advocating for practices that not only safeguard the environment but also nurture local economies.
By championing the use of state-of-the-art packaging solutions, Dharaksha Ecosolutions underscores their dedication to fostering a greener, cleaner, and more sustainable future for generations to come. Their endeavours serve as a testament to the transformative power of innovation in shaping a world where environmental preservation and economic progress harmoniously coexist.
Revenue
Dharaksha Ecosolutions boasts a monthly production capacity of 20,000 pieces, aligning with their projected monthly sales of 5 lakhs. Additionally, they have pending orders amounting to 8-10 lakhs, indicating a strong demand for their sustainable materials. Their monthly burn rate stands at 15 lakhs, reflecting the necessary investment in operations to meet production and sales targets. Despite this expenditure, Dharaksha Ecosolutions anticipates a healthy EBITDA margin of 30-40%, highlighting their efficient operational management and potential for profitability.
Founders’ Ask
1250 for 1% equity at the valuation of Rs. 1.25 lakhs and 100 hours.
Offers
Aman, Anupam, Peyush, Ritesh and Vineeta’s conditional offer: 1250 for 1% equity at the valuation of Rs. 1.25 lakhs and 100 hours.
Conditions Being:
- Claims of debt and letter of intent have to be verified.
- The sharks will receive a 20% discount on the valuation of the next investment round.
Final Deal
Aman, Anupam, Peyush, Ritesh and Vineeta: 1250 for 1% equity at the valuation of Rs. 1.25 lakhs and 100 hours.