Shark Tank WOL3D
In this episode of Shark Tank India WOL3D,a consumer 3D printing brand presents the pitch. Will the founder get a deal from the sharks? To know about the deal read till end.
| Company name | WOL3D |
| Founders | Rahul Chandalia, Shaloni Chandalia, Pradeep Jain, Swati Jain |
| Ask | ₹ 1.5 crore for 1% equity |
WOL3D Founder
Rahul Chandalia, Shaloni Chandalia, Pradeep Jain, Swati Jain. They are from Mumbai.
They have started in the year 2016. They got the idea from an exhibition where there were commercial printers and they thought of why not make small 3D printers which can benefit common people.
About the company WOL3D
WOL3D is India’s largest online 3D printing brand. They have launched reliable and affordable 3D printers for people. They also have a 3D filament, 3D prototype services, 3D magical pens and 3D printers. They have supplied more than 25000 3D printers in which 4000 were supplied to schools only. They have 10 WOL3D printed experience centres. Their products are available on their own website, marketplaces and experience centres. They are an ecosystem of 3D printing. They make filaments of their own which is one of the necessary products. They are working with Ola cabs, Samsung etc.
Ask by the Owner WOL3D
The owner asked for 1.5 cr. rupees for 1% equity in the company.
WOL3D Sales And Revenue
The price of 3D printers ranges from 14000 rupees to 3 lakhs rupees. The price of a pen is 850 rupees and the filament cost is 1000 per kg. In FY 21-22 the sales were 19.6 cr. Their revenue is 65% from Printers, 17% from 3D Filament, 13% from prototyping services and 5% from 3D pens. In this financial year their projected sales is 28 cr. to 30 cr. The gross margin is 30-40% and profit after tax is 5-6%. In 9800 printer sales, 6000 units are sold to customers and schools and 3800 units are sold to corporate, prototype manufacturing.
Offers and counter offers
Aman offers 80 lakhs rupees for 2% equity and 70 lakhs debt.
Pitcher counter offers 80 lakhs for 1.5% equity and 70 lakhs debt.
WOL3D Final deal
The deal was finalized with Aman for 80 lakhs in exchange of 2% equity and 70 lakhs debt