Entrepreneur Name – Hitesh Rathi and Shrey Kumar
| Brand Name– | Aadvik |
| Brand Website- | https://aadvikfoods.com/ |
| Business Category– | Products made with Camel & Goat Milk |
Innovation – Yes, The business vision of Aadvik Foods is to promote sustainable employment opportunities for the Rabari community involved in animal husbandry, by introducing high-quality products made from goat and camel milk.
They aim to blend modern innovations with traditional practices to create authentic products.
| Company Valuation– | ₹10 Crores |
| Equity Asked– | ₹60 Lakhs for 1.5% Equity |
| Deal Closed– | Yes. |
| Final Shark Tank Deal– | ₹15 Lakhs for 1.5% Equity & ₹45 Lakhs Debt |
| Target City/Country- | India |
| Product/Services– | Products made with Camel & Goat Milk |
About the Product – As people are becoming more health-conscious, there is a growing trend of consuming healthy foods.
White milk pitchers have been discussing the benefits of camel milk and goat milk.
A brand called Aadvik sells products made from camel and goat milk. Camel milk has several benefits including being 10 times richer in iron and 4 times richer in vitamin C than cow’s milk.
It is also effective in treating conditions such as autism, diabetes, and lactose intolerance, and helps in overall body growth.
On the other hand, goat milk is known to aid digestion and prevent dengue fever.
Aadvik started with a single product and now offers a range of categories including milk, milk powder, chocolate, ghee, soaps, and more.
Over the past six years, they have sold 8 lakh litres of milk and processed 3 lakh orders, providing a significant source of income for goat and camel owners.
Conclusion –
Hitesh Rathi and Shrey Kumar made a pitch for 60 lakhs rupees in exchange for 1.5% equity.
Amit made an offer of 15 lakhs for 1.5% equity and an additional 45 lakhs in debt with a 12% interest rate.
The pitchers responded with a counteroffer of 30 lakhs for 1.5% equity and 30 lakhs in debt with a 12% interest rate.
However, Amit did not budge from his initial offer, and the deal was eventually closed with Amit’s terms at ₹15 Lakhs for 1.5% Equity & ₹45 Lakhs Debt.
