The Story of Dr. Cubes
Since our nation, India, is currently witnessing a daily influx of new startups, others are finding inspiration to launch their own businesses. Today, we’ve brought you a tale from the startup industry about a founder who made millions of dollars from selling ice to customers.
Yes, you read correctly: this ice-selling startup founder has built a crore-dollar business today. Today, we’re going to talk about Naveed Munshi and Pramod Tirlapur, who are friends and co-founded the Dr. Cubes company, which is now valued at billions of dollars.
You will learn about Dr. Cubes Story and how its founders built a billion-dollar business solely through the sale of ice in today’s article.
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This Is How Dr Cubes Started
Two friends founded Dr. Cubes Startup in the year 2017. Naveed Munshi and Pramod Tirlapur are the names of the two startup founders. When he began to think about Ice Cubes, the idea to launch this startup entered his head.
This is because, at the time, there was no business offering high-quality, hygienic ice cubes. Therefore, the two of them reasoned, why not launch a business where we could offer the public hygienic, fresh ice cubes? With just this notion, the two of them founded Dr. Cubes, a business where they began providing clients with clean, fresh ice cubes.
Dr. Cubes caters to the needs of its clients by offering a variety of Ice Cube varieties, thus meeting their needs.
I also had the opportunity to visit Shark Tank India.
You’ve all undoubtedly seen the renowned Shark Tank India Show in India, where aspiring entrepreneurs use their business ideas to secure funding for their ventures. Additionally, we would like to inform you that the founders of Ice Cubes have the opportunity to attend Shark Tank India Show.
Following his appearance on Shark Tank India Show, the founder of Dr. Cubes requested funding for his company in the amount of Rs. 80 lakh, and in exchange, he offered the Sharks a 15% stake in his business.
However, every Shark declined to do so, citing the fact that this is a startup and that large companies in the industry can easily copy it and push you out of business. Had declined to provide funding for them.
Today it has become a company worth crores of rupees
In the Shark Tank India episode, the Dr. Cubes founders revealed that their company brought in Rs 50 lakh in revenue in 2019 and Rs 1.2 crore in 2020.
Despite the Corona epidemic having a significant negative impact on his business, he managed to generate Rs 1.10 crore in revenue in FY22. Despite not receiving funding from Shark Tank, they persisted in their efforts, and as a result, the company is currently expanding quickly. Their current goal is to reach Rs 2.5 crore by the year 2023. Additionally, Dr. Cubes’ company is currently valued in crores.
We hope that this article has provided you with some information about Dr. Cubes Story. If so, please tell your friends about it so they can learn more about Dr. Cubes Story. Please visit our Business page to read about other Startups that are similar to yours.
FAQ: Dr Cubes Story
Who is the Dr. Cubes founder?
Two friends named Naveed Munshi and Pramod Tirlapur founded Dr. Cubes together in 2017. These two friends are currently the company’s founders.
What is the Dr. Cubes company worth?
The Dr. Cubes Company is estimated to be worth Rs. 5.33 crore.
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