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Founders
Rahul Suresh Bakare (CEO) and Vinit Moreshwar Phadnis co-founded Bore Charger under Urdhvam Environmental Technologies Pvt. Ltd.
Rahul’s Background: Holds a B.Sc. in Geology (Shivaji University), M.Sc. in Geology (University of Pune), and M.Sc. in Tropical Hydrogeology (Eberhard-Karls-University Tübingen, Germany).
Blends traditional knowledge with scientific data for sustainable water solutions.
Vinit’s Background: Serial entrepreneur with prior ventures in environmental tech.
Brand Overview
Bore Charger is a Udaipur-based cleantech startup addressing India’s groundwater crisis by recharging dried-up borewells.
Mission: Provide sustainable water security through patented robotic technology.
Impact: Recharged 4,000+ borewells (90–95% success rate) and supported 400+ government projects under AMRUT 2.0 for smart cities.
Revenue: Earned ₹3.22 crore (FY23-24) with 8% profit, targeting ₹5 crore (FY24-25) at 15% profit.
Shark Tank India Appearance & Ask
Pitch: Sought ₹75 lakh for 1.5% equity (₹50 crore valuation) to scale their franchise model.
Problem Highlighted: 54% of India’s 4 crore borewells are dry or drying, causing agrarian distress.
Solution: Bore Charger’s robotic “angioplasty” technology revives borewells at 1/10th the cost of drilling new ones (₹25,000–₹40,000 vs. ₹70,000–₹18 lakh).
Season and Episode Air Date
Season: 04
Episode: 46
Episode Air Date: Monday, 10 March 2025
Product Overview
Technology: Robotic Smart Water Charger drills strategic holes in borewell pipes to channel rainwater to deeper aquifers.
Cost: ₹7–8 lakh/device; service cost ₹25,000–₹40,000 per borewell.
Unique Edge: World’s first patented tech for borewell recharge (adapted from oil industry methods).
Scope: Targets agriculture (80% users) and urban water supply.
Investor Reactions
Kunal Bahl: Applauded innovation but demanded higher equity.
Aman Gupta/Peyush Bansal/Anupam Mittal/Vineeta Singh: Exited due to niche market risks and capital-intensive scaling.
Key Concern: Franchise model viability (40% revenue share on machines + 25% franchise commission).
Customer Engagement Philosophy
Bore Charger prioritizes:
Sustainability: Reducing water scarcity for farmers and urban communities.
Cost-Effectiveness: Saving users ₹50,000–₹17.6 lakh vs. new borewells.
Trust: Backed by government partnerships and a 95% success rate.
Product Highlights
Global Patent: First tech worldwide for borewell recharge.
Speed: Recharges borewells in 2–3 days.
Eco-Friendly: Enhances soil health and reduces carbon footprint from repeated drilling.
Scalable: Deployed in 12 Indian states and adaptable to urban/rural needs.
Future Vision
Franchise Expansion: Target 50+ franchises by 2026 for pan-India reach.
Tech Upgrades: Integrate AI/ML for aquifer mapping.
Government Collaborations: Scale under AMRUT 2.0 and Jal Shakti Abhiyan.
Revenue Goals: Achieve ₹15 crore revenue by 2026 with 20% profit margins.
Deal Finalized or Not
No deal finalized.
Sharks’ Offers:
Kunal Bahl countered with ₹75 lakh for 10% equity.
Founders countered at 2.5% equity, but negotiations failed.
Other Sharks (Aman, Piyush, Anupam, Vineeta) opted out due to scalability concerns.
B.Sc. in Geology (Shivaji University), M.Sc. in Geology (University of Pune), M.Sc. in Tropical Hydrogeology (Eberhard-Karls-University Tübingen, Germany)
Expertise
Blends traditional knowledge with scientific data for sustainable water solutions
Vinit’s Background
Serial entrepreneur with prior ventures in environmental tech
Brand Overview
Startup Origin
Udaipur-based cleantech startup
Mission
Provide sustainable water security through patented robotic technology
Impact
Recharged 4,000+ borewells (90–95% success rate), 400+ government projects under AMRUT 2.0
Revenue (FY23-24)
₹3.22 crore (8% profit)
Revenue Target (FY24-25)
₹5 crore (15% profit)
Shark Tank India Appearance & Ask
Pitch
₹75 lakh for 1.5% equity (₹50 crore valuation)
Problem Addressed
54% of India’s 4 crore borewells are dry or drying
Solution
Robotic “angioplasty” tech revives borewells at 1/10th the cost of drilling a new one
Cost Comparison
₹25,000–₹40,000 vs. ₹70,000–₹18 lakh (new borewell)
Season & Episode Air Date
Season
04
Episode
46
Air Date
Monday, 10 March 2025
Product Overview
Technology
Robotic Smart Water Charger drills holes in borewell pipes to recharge deeper aquifers
Device Cost
₹7–8 lakh
Service Cost
₹25,000–₹40,000 per borewell
Unique Feature
World’s first patented borewell recharge technology (adapted from oil industry)
Target Market
Agriculture (80% users), urban water supply
Investor Reactions
Kunal Bahl
Liked innovation but asked for higher equity
Aman Gupta, Peyush Bansal, Anupam Mittal, Vineeta Singh
Exited due to niche market risks & scaling concerns
Key Concern
Franchise model viability (40% revenue share on machines + 25% franchise commission)
Customer Engagement Philosophy
Sustainability
Reducing water scarcity for farmers and urban communities
Cost-Effectiveness
Saves ₹50,000–₹17.6 lakh vs. new borewell
Trust
95% success rate, government-backed
Product Highlights
Global Patent
First patented borewell recharge technology
Speed
Recharges borewells in 2–3 days
Eco-Friendly
Enhances soil health, reduces carbon footprint
Scalability
Deployed in 12 Indian states
Future Vision
Franchise Expansion
50+ franchises by 2026
Tech Upgrades
AI/ML for aquifer mapping
Government Collaborations
AMRUT 2.0 & Jal Shakti Abhiyan
Revenue Goal
₹15 crore by 2026 (20% profit)
Deal Finalized or Not
Final Deal
No deal finalized
Sharks’ Offers
Kunal Bahl: ₹75 lakh for 10% equity
Founders’ Counteroffer
2.5% equity, but negotiations failed
Other Sharks
Opted out due to scalability concerns
Business Potential in India
Total Borewells
4 crore (54% dry/drying)
Agricultural Dependency
80% farmers rely on borewells
Total Addressable Market (TAM)
Serviceable Available Market (SAM)
2.16 crore borewells
Serviceable Obtainable Market (SOM)
5 lakh borewells by 2027
Revenue Potential
₹12,500 crore (assuming ₹25,000 per borewell service)
Ideal Target Audience & Demographics
Primary Audience
Farmers (80% users)
Secondary Audience
Urban water supply agencies
Age Group
30–60 years (landowners, farm managers)
Income Level
Middle to high-income farmers
Geographical Focus
Maharashtra, Rajasthan, Gujarat, Karnataka, Tamil Nadu
Bore Charger Shark Tank India Episode Review