In the latest installment of 'Shark Tank India' Season Three, 'RodBez,' a visionary platform originating from Bihar, took center stage with an innovative pitch offering one-way taxi, taxipool, and carpool services. The enterprising founders, Dilkhush Kumar and Siddharth Shankar Jha, secured a deal of Rs 20 lakh for a five percent equity stake, making waves in the ever-evolving transportation sector.
Breaking away from traditional pitches, 'RodBez' introduced a groundbreaking approach, revolutionizing travel through its unique services. The platform caught the attention of Ritesh Agarwal, Founder and CEO of OYO Rooms and the newest addition to the panel of sharks, who expressed his fascination with RodBez's disruptive potential.
Ritesh Agarwal commented, "I am happy that you have brought small problems of India to this platform." Launched in July 2022, 'RodBez' aims to address challenges posed by unorganized taxi services, paving the way for a transformative commuting experience in Bihar.
The founders, initially seeking Rs 50 lakh for a five percent equity stake, emphasized their goal of connecting Patna with all cities. Dilkhush Kumar shared an inspiring journey of overcoming job rejections to drive positive change in Bihar.
Vineeta Singh, CEO and co-founder of Sugar Cosmetics, and Ritesh Agarwal offered a deal of Rs 20 lakh for a five percent equity stake, along with Rs 30 lakhs in debt at 12 percent interest for two years. Aman Gupta, co-founder and CMO of BOAT, opted out of the pitch, citing concerns about the business's runway.
Expressing gratitude, the 'RodBez' founders welcomed the deal, stating, "We welcome you. I have to make my business very big. 'Deal pakki'." Ritesh concluded by acknowledging the lessons learned and encouraged the founders to continue motivating the youth of Bihar.
Reflecting on their 'Shark Tank India 3' experience, Dilkhush highlighted the pivotal role it played in refining 'RodBez' and shaping their vision to support Bihar's development. The core mission of the business is to enhance commuting experiences in Bihar by providing a cost-effective solution, reducing expenses by up to 40 percent and eliminating the need for both-side fares.
'Shark Tank India 3' enthusiasts can catch the action on Sony LIV, where innovative ventures like 'RodBez' continue to inspire and reshape the entrepreneurial landscape.
(With Agency Inputs)