Entrepreneur Name – Arjun Dharamshi and Mukesh Dharamshi
About the Entrepreneur – The founders of the company, Arjun Mukesh Dharamshi and Mukesh Dharamshi, hail from Mumbai. Mukesh, who used to work with bus tempos and opened cold drink bottles, developed a keen interest in the manufacturing process of candies and visited a candy factory out of curiosity. On the other hand, Arjun is a mechanical engineer.
LinkedIn Profile – https://www.linkedin.com/in/arjun-dharamshi-01bb0284/
| Brand Name | Dobiee Foods |
| Brand Website | https://www.dobiee.com/ |
| Business Category | Flavoured Candies |
Innovation – No
| Company Valuation | ₹11.08 Crores |
| Equity Asked | ₹72 Lakhs for 2% Equity |
| Deal Closed | Yes |
| Final Shark Tank Deal | ₹72 Lakhs for 6.5% Equity |
| Target City/Country | Worldwide |
| Total Addressable Market | INR 338.2 Billion |
| Product | Candies and Toffees |
About the Product – Dobiee is a confectionery brand that specializes in producing a variety of candies with unique flavors, such as double-flavored candies like pineapple with coconut, strawberry with lemon, and pink guava with green guava. Their products come in different packaging sizes, including toy candies that contain two or three toys within the packet.
Established in 2001, Dobiee has sold over 9 lakh packets to date and is currently available in 50,000 offline outlets across nine states in India. Starting next month, Dobiee will also be available online via Amazon.
The company aims to become a global leader in the candy industry and produce candies that are loved by all. Their candies are manufactured in-house in their manufacturing unit.
Conclusion –
Arjun Dharamshi and Mukesh Dharamshi asked ₹72 Lakhs for 2% Equity. Shark Amit offered ₹72 Lakhs for 6.5% Equity. It concluded in a successful deal.
Dobiee Foods Shark Tank India Review