Entrepreneur Name – Rahul Chandalia, Shaloni Chandalia, Pradeep Jain, Swati Jain
About the Entrepreneur – Rahul Chandalia, Shaloni Chandalia, Pradeep Jain, and Swati Jain are all based in Mumbai.
They started their venture in 2016 after getting inspiration from a commercial printer exhibition.
While observing the exhibition, they realized the potential of creating smaller 3D printers that could be beneficial to the general public.
LinkedIn Profile- https://www.linkedin.com/in/rahul-chandalia-4b431b10/
| Brand Name– | WOL3D |
| Brand Website- | https://worldoflilliputs.com/ |
| Business Category– | A Consumer 3D Printing Brand |
Innovation – Yes, WOL3D is a 3D printing company that is dedicated to being a pioneer in consumer 3D printing.
Their vision is to shape the future of technology by developing high-quality, reliable, and effective 3D printing machines.
They are committed to continuous innovation and providing affordable services to assist the Indian market, and strive to manufacture products locally in India.
| Company Valuation– | ₹40 Crores. |
| Equity Asked– | ₹1.5 cr for 1% Equity |
| Deal Closed– | Yes. |
| Final Shark Tank Deal– | ₹80 Lakhs for 2% Equity & ₹70 Lakhs Debt |
| Target City/Country- | India |
| Total Addressable Market- | USD92. 34 million in 2022 |
| Product/Services– | 3D Printers |
About the Product – WOL3D, the largest online 3D printing brand in India, provides reliable and affordable 3D printers and services to its customers.
The company offers a wide range of products, including 3D filaments, 3D prototype services, 3D magical pens, and 3D printers.
To date, they have supplied over 25,000 3D printers, with 4,000 of them supplied specifically to schools.
The company has also established 10 WOL3D printed experience centres to showcase its products.
Customers can purchase their products through their own website, marketplaces, and experience centres. WOL3D is an ecosystem of 3D printing, producing their own filaments, which are a necessary component.
Conclusion –
Rahul Chandalia, Shaloni Chandalia, Pradeep Jain, and Swati Jain initially requested 1.5 crore rupees in exchange for a 1% equity stake.
Shark Aman presented an offer of 80 lakhs rupees for a 2% equity stake and an additional 70 lakhs in debt.
In response, the pitchers made a counteroffer of 80 lakhs rupees for a 1.5% equity stake and 70 lakhs in debt.
Ultimately, a deal was struck with Aman for 80 lakhs rupees in exchange for a 2% equity stake and 70 lakhs in debt.
