Welcome to the “Rodbez Company Profile” We’ll kick things off by diving into the heart of the company, exploring its origins and getting to know the visionary founder behind it all. Once we’ve set the stage, we’ll delve into the financial facets that drive Rodbez’s success. From its impressive net worth and funding milestones to its revenue streams, turnover, and valuation, we’ll leave no stone unturned.
And just when you think you’ve seen it all, we’ll take you behind the scenes of Rodbez’s thrilling appearance on Shark Tank, uncovering the drama and excitement of that pivotal event. Get ready for an engaging journey through the rise of Rodbez!
About Rodbez company in “Rodbez Company Profile”
Table of Contents
- 1 About Rodbez company in “Rodbez Company Profile”
- 2 Rodbez Owner:
- 3 Rodbez Net worth:
- 4 Rodbez Investors:
- 5 Rodbez Funding:
- 6 Rodbez Revenue:
- 7 Rodbez competitors in India:
- 8 Rodbez valuation:
- 9 Offer Rodbez received in shark tank india and at what valuation:
- 10 Rodbez founder Net Worth:
- 11 Rodbez in Shark Tank India-Season 3
- 12 Rodbez turnover:
- 13 Rodbez business model:
- 14 Rodbez share price:
- 15 FAQ Question:
In this part of our blog, we’ll introduce Rodbez and what it does. We’ll then delve into the mission and vision behind the company, exploring the inspiration and goals that drive its founder and shape its journey.
What is rodbez?
Rodbez is a taxi-based service startup that began in July 2022 in the Bangaon region of Bihar. Their main objective is to offer cheap and affordable rides to customers while ensuring that taxi drivers associated with them earn double the income compared to other similar platform like Ola and Uber.
Rodbez mission and vision:
Mission:
Rodbez’s mission is to provide affordable intercity rides for customers while ensuring that taxi drivers earn higher incomes through our platform compared to other service providers.
Vision:
Rodbez envisions transforming the transportation industry by making intercity travel more accessible and financially rewarding for drivers, setting a new standard for ride-sharing services in the region.
Now that we’ve covered the introduction of Rodbez along with its mission and vision, it’s time to move on to the next topic: getting to know the visionary founder behind the creation of this innovative company by digging deep in Rodbez Company Profile.
Rodbez Owner:
Dilkhush Kumar, the founder of RodBez, is reshaping the transport industry. Born in Saharsa, Bihar, he comes from a modest background, growing up in a simple, lower-middle-class family.
Starting from humble beginnings, Dilkhush Kumar founded Rodbez in 2022. But it was his appearance on Season 3 of Shark Tank, a popular Indian show, that truly put Rodbez on the map, earning widespread recognition for his innovative venture.
Rodbez founder age:
In his early thirties, Rodbez founder Dilkhush Kumar achieved something remarkable—launching a startup venture from a small town in Bihar. His determination and entrepreneurial spirit have led to a journey that defies age barriers, inspiring others to pursue their dreams regardless of their background.
Now lets move on to the next part in “Rodbez Company Profile” where we will be talking about one of the important parameters that defines the financial of the company as a whole that is the net worth of company (Rodbez).
Rodbez Net worth:
In a recent update from a news article published on February 3, 2024, Rodbez’s current net worth is estimated to be around $2 million,which is roughly equivalent to approximately Rs 16.64 crore.
This significant valuation is a testament to the company’s rapid growth and success since its inception in 2022, highlighting its promising trajectory in the transportation industry.
Having said that net worth of a company depends on various factor some of these factors are:-
- Funding Rodbez has achieved up to date.
- Investor who has put there trust and invested the company.
- Rodbez company revenue.
- Rodbez company Valuation.
- Rodbez company turnover in Bihar as well as other location of India.
- Rodbez Founder Net Worth
Let’s dive deeper into the “Rodbez Company Profile” and explore the essential financial aspects that shape its net worth and other financial factors.So,Let’s go and discuss them one by one.
Rodbez Investors:
Currently, Vineeta Singh and Ritesh Agarwal are the two investors in Rodbez. According to data from Shark Tank, they invested roughly Rs 50 Lakhs for 5% equity in Rodbez.
The deal was a strategic blend of equity and debt, with Rs 20 Lakh allocated for a full 5% equity stake, and the remaining Rs 30 Lakh structured as debt with a interest of 12%,valuing the company at a solid Rs 4 crore.
- Ritesh Agarwal is the Founder and CEO of the world-renowned company OYO Rooms
- Vineeta Singh is the CEO and Co-Founder of Sugar Cosmetics.
Both of their net worth’s are in the billions of dollars, and their companies currently operate all over the world.
Now that we’ve introduced the key investors driving the growth and funding of the company, let’s move on to the next part of the blog: the total funding that Rodbez has raised to date by digging deep into the Rodbez Company Profile.
Rodbez Funding:
As of 2024, the company has made its mark in a big way, showcasing its potential on India’s premier business show. In a thrilling pitch, they secured a funding round of Rs 50 Lakh for a 5% equity stake.
The deal was a strategic blend of equity and debt, with Rs 20 Lakh allocated for a full 5% equity stake, and the remaining Rs 30 Lakh structured as debt with a interest of 12%. which secure them a valuation of Rs 4 Crore.This innovative approach not only highlights the company’s financial acumen but also sets a solid foundation for future growth.
| Shark who has invested in the brand | Vineeta Singh and Ritesh Agarwal |
| Total Offer amount | Rs 50 Lakhs |
| Actual Offer | Rs 20 Lakhs for 5% Equity where|30 Lakhs was Debt for 12% |
| Funding Round Type | Angel |
| Valuation | Rs 4 Crore |
Moving on to the next segment of the “Rodbez Company Profile”, let’s dive into the revenue generated by the company. Let’s explore how Rodbez has been performing financially.
Rodbez Revenue:
The revenue of a company is indeed a crucial factor in determining its net worth and other financial parameters such as valuation, turnover, and various other key factors.
It reflects the company’s ability to generate income from its operations and is a fundamental metric in assessing its financial health and performance.
As per the data obtained from news sources for the year 2024, the company reported a total revenue of $ 96K USD which is equal to Rs 80 Lakhs in Indian Rupees as of February 2024.
When it comes to growth, the company is steadily gaining momentum. Its dual revenue streams are fueling this progress: one comes from the commission earned from taxi drivers, and the other from a range of services offered to customers.
This balanced approach ensures a consistent and sustainable expansion, positioning the company for even greater success in the future.
Rodbez competitors in India:
Competitors play a vital role in determining the growth and market of the company and it also effects the financial of the company like net worth, valuation ,revenue and other parameters like sales of a company.
Top 10 competitors of Rodbez:
- Uber
- Ola
- Meru
- WTI
- GOAMILES
- Taxi For Sure
- Book My Cab
- Moovlee
- Home Cabs
- Mega Cabs
Top 3 Rodbez competitors detail:
Among its competitors, Ola and Uber have captured the largest market share in the cab service industry both in India and globally in a remarkably short time. Their rapid expansion and dominance set a high benchmark in the sector.
Now, moving further into the discussion in the “Rodbez Company Profile,” let’s delve into a brief overview of the top three competitors of Rodbez.
Uber:
Uber is a globally renowned company that started in the year 2009 its head quarter is mainly located in San Francisco, United States but it has also made its presence in Indian market 2013 and up till now they have raised the total funding of $ 13.2 Billion.
Ola:
Ola is also a globally renowned company that started in the year 2010 its head quarter is mainly located in Bengaluru, India and up till now they have raised the total funding of $ 3.84 Billion.
Meru:
Meru is a locally renowned company that has now made its global presence till now the company started in the year 2007 its head quarter is mainly located in Mumbai, India and up till now they have raised the total funding of $ 135 Million.
Transitioning to the next critical aspect of the “Rodbez Company Profile,” let’s explore the valuation of Rodbez. Valuation is a key factor in forecasting the market value of the company and understanding its financial standing.
Rodbez valuation:
Absolutely, the valuation of a company is indeed crucial in determining its net worth and other financial parameters. It serves as a key indicator in predicting the market value of a company.
The current valuation of Rodbez for the financial year 2023-2024 is Rupees 4 crore, which is equivalent to $ 480K.
Generally, the higher the valuation of a company, the stronger its other financial parameters tend to be.But it is not always true as because financial parameters depends on other parameters to.
Offer Rodbez received in shark tank india and at what valuation:
Vineeta Singh and Ritesh Agarwal was only the shark who has give a combined offer of Rs 20 Lakh allocated for a full 5% equity stake, and the remaining Rs 30 Lakh structured as debt with a interest of 12%.Giving them a valuation of Rs 4 Crore for for the year 2024.
| Shark who has invested in the brand | Vineeta Singh and Ritesh Agarwal |
| Total Offer amount | Rs 50 Lakhs |
| Valuation | Rs 4 Crore |
Now, let’s move on to the next section in the “Rodbez Company Profile,” where we will discuss the net worth of the owner. While the owner’s net worth doesn’t directly impact the company’s finances, it can have an indirect effect on the company’s financial health and credibility.
Rodbez founder Net Worth:
Based on the recent news published in this year 2024 the net worth of the founder and owner of Rodbez is estimated to be between Rs 4 Crore which is same as the net worth of the company and is definitely going to increase by the end of financial year 2024-2025 the founder of the company is expected to have a Net Worth of $ 2 Million.
Now moving on to the next part in “Rodbez Company Profile” that include all the event that happened in shark tank and how the company was able to receive the funding.So let’s start
Rodbez in Shark Tank India-Season 3
Rodbez made an exciting appearance on Shark Tank Season 3, which began this January in 2024. During their pitch, they showcased their product and services to the sharks.
After the demonstration of the app and pitch, the sharks showed interest in the founder but all the shark was not Shure if the company was investable or not.Only two shark “Vineeta Singh and Ritesh Agarwal” showed interest in the and offered a deal.
Rodbez shark tank Deal:
In this segment of Rodbez’ journey on Shark Tank Season 3, we’ll explore all the deals offered by the sharks and which shark extended the offers and whom did the owner select at the end.
Rodbez has received only one deal from shark tank which was given to them by “Vineeta Singh and Ritesh Agarwal” which was structured in the form of equity and debt.
The deal complete detail is provided in the table below
| Category | Details |
|---|---|
| Shark who has invested in the brand | Vineeta Singh and Ritesh Agarwal |
| Total Offer amount | Rs 50 Lakhs |
| Actual Offer | Rs 20 Lakhs for 5% Equity | Rs 30 Lakhs as Debt for 12% Interest |
| Funding Round Type | Angel |
| Valuation | Rs 4 Crore |
In an exciting turn of events, the founder of Rodbez has accepted the offer, welcoming Vineeta Singh and Ritesh Agarwal as investors.
They now hold a 5% stake in the company, marking a significant milestone for Rodbez as it moves forward with their support and expertise.
Rodbez shark tank Funding:
Rodbez has secured a total funding of Rs 50 Lakhs in which Rs 20 Lakh allocated for a full 5% equity stake, and the remaining Rs 30 Lakh structured as debt with a interest of 12%
Let’s now dive into the next segment of the “Rodbez Company Profile,” where our spotlight will be on Turnover—a crucial metric that plays a pivotal role in assessing the true worth and market value of our company.
Rodbez turnover:
As of May 2024, Rodbez has proudly achieved a turnover of Rs 4 Crore. In the financial year 2023-2024, the company generated revenue between Rs 60-70 Lakhs. With ambitious growth plans, Rodbez is poised to double its revenue by the end of the 2024-2025 financial year.
This significant growth highlights the effectiveness of their business model and expanding market presence. With their innovative approach to educational toys, Rodbez is well-positioned for continued success and future growth.
Now moving on to the next part in “Rodbez Company Profile”where we will talk about the last financial factor that effect the other financial factor
Rodbez business model:
Currently, Rodbez operates under a B2B2C (Business to Business to Customer) model. We partner with taxi service providers, connecting them with customers through our platform. In return, we earn a commission from taxi drivers for each customer we bring to them.
This business model mirrors that of Ola and Uber in India, positioning them as our top competitors in this sector.
This significant growth underscores the effectiveness of our business model and our expanding market presence. With an innovative approach that offers affordable rides, Rodbez is well-positioned for continued success and future growth.
Up until now, Rodbez Company is not registered in the Indian share market. However, it has chosen a promising sector.
Given the rapid growth in cab and taxi services in recent years, people increasingly prefer to travel by cab rather than drive themselves.
When visiting new places, the convenience of taxi services becomes essential for meeting travel needs. Consequently, we can anticipate a significant increase in Rodbez’s share price in the future.
Now, let’s move on to the final topic of discussion in the “Rodbez Company Profile” the FAQ Question.
FAQ Question:
When is Rodbez funding in Bihar?
Rodbez raised a total funding of 46 Lakh in November 2022 through Mithila Angel Network, achieving a valuation of Rs 4 Crore before appearing on Shark Tank Season 3.
What is Rodbez revenue growth in Bihar?
As per the recent update by economics time Rodbez has booked a overall revenue of Rs 60-80 Lakh in 2024.
When is Rodbez turnover in Bihar?
As per the recent update in Feb,2024 the company has booked a turnover of Rs 4 Crore in Bihar, India.
When is Rodbez owner net worth?
As of 2024, the owner of Rodbez has a net worth of $2 million, which is roughly equal to Rs 16 Crore.
If you want to have more information related to the taxi services provided by Rodbez company that mostly operates in Bihar then make sure to have a visit to there website it will definitely help you to find a desired ride to your native place in Bihar. And they also provide 24/7 technical support.
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