2/9/2025
In Episode 22 of Shark Tank India Season 4, Rishabh Sachdeva and Parth Sachdeva, two young entrepreneurs from Delhi, presented their venture Schickwheel. The company, started in 2016, specializes in manufacturing mobile kitchens, including:
The founders entered the tank with a bold ask of ₹75 lakh for 1% equity, valuing their business at ₹75 crore.
Schickwheel has an in-house manufacturing setup and operates across 23 states and 4 Union Territories in India. They cater to businesses looking for mobile food solutions, with recommendations based on movement needs:
The company was bootstrapped with an initial investment of ₹20 lakh. Over the years, Schickwheel has demonstrated impressive growth:
| Financial Year | Revenue (₹ Crores) |
|---|---|
| 2016-17 | 0.98 |
| 2017-18 | 1.3 |
| 2018-19 | 2.5 |
| 2019-20 | 3.2 |
| 2020-21 | 3.4 |
| 2021-22 | 3.2 |
| 2022-23 | 5.5 |
| 2023-24 | 6.8 |
| 2024-25 (Till Oct) | 6.5 |
For FY 2023-24, Schickwheel had a Gross Margin of 22% and an EBITDA of 5%.
Schickwheel’s revenue comes from multiple product lines:
| Category | Revenue Contribution | Avg. Selling Price (₹ Lakhs) |
|---|---|---|
| Food Trucks & Trailers | 35% | 8.5 |
| Kiosks | 35% | 7.5 |
| Kitchen Equipment | 2% | 4 |
| Carts | 8% | 2.5 |
👉 Food truck chassis is provided by the client, helping optimize costs.
To improve profitability, the founders plan to standardize top-selling models, enhancing margins.
| Cost Component | Percentage |
|---|---|
| COGS | 78% |
| Salaries | 8% |
| Marketing | 5% |
| Rent | 2% |
| Miscellaneous | 2% |
| EBITDA | 5% |
While Anupam Mittal and Peyush Bansal exited early, citing scalability concerns, the remaining sharks made their offers:
Kunal Bahl
Vineeta Singh
Aman Gupta
The founders countered with ₹1 Cr for 2% equity, but insisted on maintaining a ₹50 Cr valuation.
With this, Aman and Kunal exited the deal, leading to no investment from the sharks.
Despite Schickwheel's solid revenue growth and presence across India, the sharks were concerned about scalability and margins. The founders stood firm on their valuation but couldn’t strike a deal.