Once Rejected For Peon Job, Pitcher Bags Rs 50 Lakh Deal On Shark Tank India Season 3
Two young Bihar entrepreneurs named Dilkhush and Siddharth recently won over the judges of Shark Tank India with their analytical skills and the "jugaad" they used to secure funding for their taxi service company in their home state. Dilkhush was questioned by "Shark" Ritesh Agarwal about his background and how he came to be in charge of a company that was bringing in Rs 8 lakh a month in commission payments.
In a one of the episodes of Shark Tank India's season three, two young Bihar entrepreneurs named Dilkhush Kumar and Siddharth Shankar Jha impressed and won over the judges with their analytical skills and the "jugaad" they used to secure funding for their taxi service company in their home state. But what stood out was the story of Dilkhush, who was once rejected for the job of peon.
Rejected For Peon Job, Pitcher Gets Rs 50 Lakh Deal On Shark Tank
peon job rejected shark tank /x
During Shark Tank India's ongoing third season, taxi startup RodBez's co-founder Dilkhush was questioned by OYO CEO Ritesh Agarwal about his background and how he came to be in charge of a company that was bringing in Rs 8 lakh a month in commission payments.
The young businessman disclosed that the day he was turned down for a peon position was when he made the decision to start something of his own Dilkhush told the story of how his father, a bus driver, forced him into marriage at the age of 16, leaving him in charge of providing for the family.
Pitcher Shares His Experience Of Getting Rejected For Peon Job
taxi startup shark tank india season 3 peon job rejected/TOI
To earn money, he went for a job interview. ¡°When I went for an interview for the job of a peon, I was rejected as I couldn¡¯t recognise the logo of Apple. They had already made their decision based on how I look. When I returned from there, I burnt my certificates and decided that I would never go for a job. I told my father to teach me how to drive and started working as a driver,¡± the shared.
Also Read: After Rs 50 Lakh Rejection On Shark Tank India, This Startup Is Now Valued At Rs 120 Crore
The Idea Behind His Taxi Startup
He went into detail about how he launched his first company and made a Rs. 8 lakh commission from it. He left that company and secured an investment from an investment firm for his new venture, an app that provides taxi services, which was valued at Rs 4 crore. He also disclosed that he learned to code on YouTube and used that knowledge to create the user interface of his app, RodBez, as per TOI report.
Two Sharks Struck Rs 50 Lakh Deal With Him
Dilkhush's "clarity" of thought impressed Shark Tank India season three judge Ritesh, who also extended an offer to Vineeta Singh. They made him an offer of Rs 20 lakh with 5% equity and Rs 30 lakh with 12% interest on debt. Peyush recommended that Dilkhush carry on receiving funding from regional investors, just as he is doing at the moment. He did, however, choose to accept Ritesh and Vineeta's offer.
The co-founder had thanked the sharks and penned a heartfelt post after the deal.
For the latest and more interesting financial news, keep reading Indiatimes Worth. Click here
News that matters from the world of business, start-ups & entrepreneurs. We trace the extraordinary tales of ordinary people who are worth it!
