Ice to Crores: Dr Cubes’ Inspirational Startup Success Story
7th December 2023: In India, a surge of new startups emerges daily, inspiring others to embark on their entrepreneurial journeys. One such remarkable story unfolds in the world of startups, where founders Naveed Munshi and Pramod Tirlapur, mutual friends, joined forces to establish Dr Cubes. Astonishingly, this startup, initially focused on selling ice, has evolved into a multi-crore company, demonstrating the potential within the startup landscape.
The inception of Dr Cubes dates back to 2017, sparked by Munshi and Tirlapur’s realization that there was a gap in the market for providing fresh and hygienic ice cubes. The founders seized this opportunity, kickstarting Dr Cubes to deliver quality ice cubes tailored to various customer preferences.
Venturing into the competitive arena of startup funding, Dr Cubes made a bold move by appearing on Shark Tank India Show. Seeking Rs 80 lakh in exchange for a 15% stake, the founders faced rejection from all the sharks, citing concerns about potential competition. Undeterred, Dr Cubes pressed on, sharing their remarkable revenue growth from Rs 50 lakh in 2019 to Rs 1.2 crore in 2020, despite setbacks during the COVID-19 pandemic.
The resilience of Dr Cubes shines through as they push toward their 2023 revenue target of Rs 2.5 crore. Despite the setback on Shark Tank, the company persevered, and today, Dr Cubes experiences rapid growth, with its valuation soaring into the crores.
For those intrigued by entrepreneurial journeys, the story of Dr Cubes stands as a testament to perseverance and innovation. By sharing this narrative, we hope to inspire others and shed light on the thriving startup ecosystem in India. To explore similar startup stories, visit our Business page.
Founded in 2017 by Naveed Munshi and Pramod Tirlapur, Dr Cubes has transcended its humble beginnings, currently boasting a valuation of approximately Rs 5.33 crore. The journey of this startup exemplifies the potential for success in the dynamic landscape of Indian entrepreneurship.
