Entrepreneur Name – Ajinkya Dahiya
About the Entrepreneur – The individual who established and currently leads PadCare Labs is Ajinkya Dhariya, a 26-year-old mechanical engineer and sanitation entrepreneur from Pune. Prior to his current role, he worked as an engineer.
After graduating in 2017, Ajinkya founded PadCare Labs in 2018 with the goal of improving hygiene standards to help create sustainable communities. You can learn more about Ajinkya and his company at https://padcarelabs.com/.
LinkedIn Profile – https://www.linkedin.com/in/ajinkya-dhariya-71469789/
| Brand Name | Padcare Labs |
| Brand Website | http://www.padcarelabs.com/ |
| Business Category | Recycling Sanitary Pads |
Innovation – Yes, The objective of PadCare’s enterprise is to promote sustainability by revolutionizing people’s toilet experiences, improving hygiene standards, and offering environmentally friendly menstrual hygiene solutions.
Currently, the company is gearing up to tackle the issue of diaper waste as its next step.
| Company Valuation | ₹25 Crores |
| Equity Asked | ₹50 Lakhs for 2% Equity |
| Deal Closed | Yes |
| Final Shark Tank Deal | ₹1 cr for 4% Equity |
| Target City/Country | India |
| Total Addressable Market | US$ 12.1 Million |
| Product | Menstrual Products Recycling |
About the Product – PadCare Business World’s Initial Smokeless Sanitary Pad is a system of removal and recycling with advanced technology. Padcare is a startup backed by the Infosys Foundation under ‘Aarohan’ to meet the unmet need for menstrual hygiene.
The passionate team with their imaginative product is really aiding in sound and eco-friendly development. Mahindra & Mahindra creator Anand Mahindra expressed that he didn’t know that nature was being damaged like this and he wanted to admire and encourage this undertaking of Padcare.
PadCare Business Solution is introducing Eco-friendly Sanitary Waste with a new custom and lifestyle alteration by combining corporate trials with corporate in a responsible measure.
Conclusion –
Ajinkya Dhariya asked ₹50 Lakhs for 2% Equity. Sharks Anupam, Peyush, Namita, and Vineeta offered ₹1 cr for 4% Equity. It concluded in a successful deal.
