India’s gaming market is expanding quickly. In this case, a firm with a gaming focus applied for funding on Shark Tank India Season 4. This startup, located in Gurugram, is called DACBY. This website allows users to resell used gaming equipment. Ayush Chauhan, a Kanpur native, founded this company. After only one game, a system that costs over Rs 50,000 is worthless. Similar to how each game gives you a fresh start, DACBY revitalizes gaming accessories.

Click here to visit their official website : DACBY

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Old equipment can be sold on the e-commerce website Dacby. The equipment won’t be used when the game is over, and people can sell it to make some cash. This startup functions similarly to Cashify. The website first inspects and lists people’s old equipment. Refurbished products are those that require it. It is then available for purchase on Dacby’s website.

Ayush dropped out of school at IIT Jodhpur to pursue a business career. He then developed software that assisted people in saving time when dining. He deployed that program at a few restaurants when he was in Bangalore. However, COVID-19 arrived during that period, and his software stopped functioning. In February 2022, he then began Dacby.

This business processes about 900 orders and makes about Rs 30 lakh in sales each month. According to Ayush, he loses almost Rs 5 lakh on average each month. About six months after launching the business, in September 2022, he obtained Rs 1.2 crore in finance. He then raised Rs 37 lakh in June 2023. Startup India gave him a convertible worth Rs 50 lakh in November 2023.

There were three co-founders of Dacby when it was founded. Later on, though, the co-founders began to argue after witnessing their pals land jobs. The other two co-founders had likewise been forced to leave IIT by Ayush. They began arguing with Ayush in such a circumstance and desired to split up. They left with Rs 20 lakh thanks to Ayush.

Ayush had borrowed Rs 20 lakh from the founder of another business to pay them. Eventually, he stole this money from his father and gave it back to him. Your father is a big help, the shark remarked. According to Ayush, his father has stated that he can even sell the house for this if there is ever a need in the business.

Dacby has a deal with Cashify to grow the business. Procurement from Cashify will also be feasible under this. Dacby is the first place a customer is taken to when they visit Cashify to purchase a gaming console. Ayush also intends to get into PC gaming in the near future. In addition, he intends to introduce a few items under his own brand within the next three years.

Approximately 15 lakh rupees are currently in Ayush’s bank account. His personal account balance is approximately 4-5 thousand rupees. Ayush claims that for the past year, he has not received his startup’s compensation. He uses the 13,000 rupees he receives from his family as pocket money to cover his costs.

Ayush requested Rs 75 lakh in finance in return for 2.2% of his startup’s ownership. Anupam left after remarking that the market is little. Namita and Piyush also backed out of this agreement. Ritesh did not make any investments either, but he did promise to provide a grant of Rs 10 lakh through the family office fellowship program of his company. He advised using the money to better your personal life rather than the business. In an interesting episode of Shark Tank India’s fourth season, which featured all of the sharks—Peyush Bansal, Anupam Mittal, Namita Thapar, Aman Gupta, and Ritesh Agarwal—he failed to land a deal with the sharks but gained insightful guidance to assist them expand their company DacbyTechnologies.

As he left, Aman Gupta also stated, “You left IIT, the biggest mistake, you got your friends released… mistake, you took money from investors… mistake, you are not a good entrepreneur, you are childish.” Work hard and do a job instead of doing business right now.

• Company – Dacby Technologies
• Valuation – INR 09 Cr.
• Founder – Ayush Chauhan
• Headquarters – Gurgaon, Haryana
• Founding Year – 2022
• Industry – Internet Marketplace Platforms
• Profitability – No
• Got Investment – No