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Dandera Technologies Pvt. Ltd. is a startup that specializes in battery manufacturing and is changing people's lifestyles with their innovative products. The company is co-founded by Kanav Manchanda and Kshitij Bajaj. Kanav Manchanda has experience in the family business and hospitality industries, while Kshitij Bajaj has been in the automobile industry for 16 years.
The latest product from Dandera Technologies is the OTUA, a three-wheeler powered by electricity and equipped with Anti Tilt technology. With a range of 165 kms and a carrying capacity of 1 ton, the OTUA has better economics and a wider view from the driver's seat. The company has used a unique battery technology that allows the vehicle to perform consistently, regardless of the weather or location. The OTUA has been designed with modular settings and can be used as a logistics vehicle, passenger vehicle, or food truck.
The aim of Dandera Technologies Pvt. Ltd. is to revolutionize the transportation industry through sustainable and innovative technology. The company strives to change people's lifestyles by providing them with cutting-edge products that are both eco-friendly and economical.
Dandera Technologies is driven by a desire to make a positive impact on society. By developing products such as the OTUA, the company aims to reduce carbon emissions and help create a cleaner environment. In addition to this, the company is focused on improving the economics of the transportation industry, which can benefit individuals and businesses alike.
The startup's aim is not only to bring products to the market but to also make a difference in the world. They are dedicated to using the latest technology to develop products that are efficient, reliable, and sustainable. By doing so, they hope to inspire others to embrace new technology and create a more sustainable future.
The business model of Dandera Technologies Pvt. Ltd. is focused on developing and selling innovative, sustainable transportation products. The startup's latest product, the OTUA, is a three-wheeler vehicle that uses electricity and Anti Tilt technology. The company aims to make a positive impact on the environment and the transportation industry while also being economically viable.
Dandera Technologies' target market includes individuals and businesses who are looking for sustainable, reliable transportation solutions. The OTUA has a range of 165 kms and a carrying capacity of 1 ton, making it suitable for logistics and transportation needs. The vehicle's modular settings also make it ideal for use as a passenger vehicle or food truck.
The startup's target market also includes businesses that prioritize sustainability in their operations. With the OTUA's eco-friendly technology, companies can reduce their carbon footprint and contribute to a cleaner environment.
Dandera Technologies' business model also includes partnering with suppliers to develop and produce their products. By working with suppliers, the company can ensure that they are using the latest technology and materials in their products.
The company's valuation is estimated at 100 crore, which is a significant amount for a startup.
Additionally, before appearing on Shark Tank, Dandera Technologies had already secured a deal worth 70 lakhs rupees. This indicates that the company has been successful in selling their products to customers and generating revenue.
It is worth noting that the equity shares of the company are divided into three segments. The founders, Kanav Manchanda and Kshitij Bajaj, own 49% of the equity shares. Another Gurgaon-based company owns an additional 49% of the equity shares. The remaining 2% is owned by the incubators who have supported the startup.
Dandera Technologies Pvt. Ltd. appeared on Shark Tank India seeking an investment of 1 crore rupees in return for 1% equity in the company. However, the pitchers faced some challenges and counter offers during their pitch.
Namita, Anupam, and Peyush backed off from making any offers due to concerns about the competitive market and equity share issues. Shark Ashneer made a counter offer of 1 crore rupees but in return for 5% equity in the company and requested the elimination of the exponents.
In response, the pitchers countered with an offer of 0 rupees in return for 1% equity, with the investment to be allocated in debt at 6% interest. However, Ashneer made a final counter offer of 1 lakh rupees in return for 1% equity in the company and 99 lakhs rupees in debt at 12% interest for 5 years.
The pitchers ultimately accepted Ashneer's final offer, securing 1 lakh rupees in investment and 99 lakhs rupees in debt to grow their business. The deal provided a boost to Dandera Technologies, allowing them to continue developing their innovative, sustainable transportation products and expanding their market reach.
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