The Ice-breaking Beginning
The success stories of Dr. Cubes are a constant source of motivation for aspiring business owners in the rapidly expanding Indian startup scene. Let’s explore the intriguing story of Dr. Cubes, a business that has made a name for itself by creating millions of dollars out of a seemingly ordinary product like ice.
Table of Contents
The inception of Dr. Cube
Naveed Munshi and Pramod Tirlapur, two pals, embarked on a project that would alter the game back in 2017. Cubes began as a modest but effective idea: offering clean, fresh ice cubes, which were shockingly hard to come by at the time.
Dr. Cubes: More Than Just Ice
Munshi and Tirlapur recognized a need in the market: sanitary ice cubes were uncommon. More than simply ice, Dr. Cubes was about quality and ensuring a wide variety of ice cubes to suit different tastes.
The episode of Shark Tank
Making a splash on India’s Shark Tank
When Dr. Cubes won a coveted slot on Shark Tank India, a platform where businesses present their ideas to potential investors, their entrepreneurial adventure reached new heights. Here, the founders asked for ₹80 lakh in exchange for a 15% ownership share in their business.
The Chilling Rejection
The Sharks, though, were apprehensive. They thought that bigger competitors in the startup space might easily copy the idea. The founders persisted, resolute to overcome the obstacles, despite the setback.
From Setbacks to Soaring Heights
A Financial Dizzy
Dr. Cubes disclosed their sales increase on Shark Tank India when they shared their financial trajectory. The firm suffered greatly from the COVID-19 epidemic, going from ₹50 lakh in 2019 to an astounding ₹1.2 crore in 2020; despite this, they were still able to generate ₹1.10 crore in FY22.
Defying the Odds
Dr. Cubes persevered despite Shark Tank’s lack of money. Munshi and Tirlapur’s perseverance drove the business ahead, and it is currently valued in the multi-crore level. They have set an ambitious revenue target of ₹2.5 crore for 2023.
Dr. Cubes Story Overview
- Article Title: Dr. Cubes Story
- Startup Name: Dr. Cubes
- Founders: Naveed Munshi & Pramod Tirlapur
- Homeplace: India
- Revenue (FY22): Approx. ₹1.10 Crore
- Official Website: DrCubes.in
In Conclusion
Dr. Cubes is more than just an ice company—it’s a symbol of tenacity, creativity, and the unwavering spirit of business. Cubes demonstrates that even the most basic concepts can break the ice and cause waves in the business world with vision and devotion, having grown from a small startup to a multi-crore success story. Talk about this adventure with your friends, and visit our business page to read about other startup tales.
Q1: How did Dr. Cubes startup begin?
A1: Cubes was founded in 2017 by Naveed Munshi and Pramod Tirlapur with the idea of providing fresh and hygienic ice cubes, addressing the lack of such products in the market.
Q2: What types of Ice Cubes does Dr Cubes offer to customers?
A2: Cubes provides various types of Ice Cubes to meet the diverse needs of its customers.
Q3: Did Dr Cubes participate in Shark Tank India, and what was the outcome?
A3: Yes, Cubes founders went on Shark Tank India seeking Rs 80 lakh for 15% equity but were rejected due to concerns about potential competition.