BoreCharger On Shark Tank India: Offering a Solution for Water Management

According to Shark Tank India-4, of the approximately 4 crore borewells in the nation today, half (54%) have dried up or are likely to dry up. Although rainwater is not penetrating as far into the ground, water is actually constantly being drained from the lower ground. Many farmers even commit suicide as a result of crops being destroyed by a lack of water. The government was particularly intrigued with a firm that treated parched borewells in the fourth season of Shark Tank India (Shark Tank India Season 4).

The dry borewell issue was recognized by Pune natives Rahul Bakre and Vinita Fadnis. He created the Bore Charger brand, which restores water to a dry borewell. Urdhvam Environmental Technologies PVT LTD is the brand in question. It was initiated by the business. This setup creates a bypass in the borewell and essentially conducts borewell angioplasty, which makes it water again.

“Our mission is to recharge groundwater, enhance the efficiency of groundwater sources, and promote sustainable water management practices,” stated Rahul Bakare, founder of BoreCharger. We’re thrilled to be on Shark Tank India since it gives us a chance to demonstrate our cutting-edge technology and encourage a water conservation movement.”

Bore Charger increases water production capacity or yield of an existing borewell with a very low investment. It is a unique technology which helps harvesting rainwater from the topmost, seasonally replenishable unconfined aquifers. Bore Charger makes the borewell highly sustainable by recharging the deeper confined aquifers. We make this possible by a unique patented process which “perforates” existing borewell casing from inside. This process potentially revives existing, failed and low yielding borewells. Setting up this borewell recharge system is extremely easy as it doesn’t require any civil construction, space and most importantly a surface water source.

Click here to visit their website: Bore Charger

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There are several levels of water in the earth. Water is drawn from below many ground levels by the borewell. The water level begins to drop there as long as water keeps flowing out of the bottom, and eventually it may dry up. However, the process of bringing water down from the upper level can take several years. In this case, the dry borewells will begin to supply water once more if the top level’s water can be quickly transferred to the bottom level.

The robotic smart water charger technique developed by this business involves drilling holes in the top level borewell pipe. In order to do this, a robot surveys the pipe from below before puncturing it as necessary. As soon as this occurs, water begins to flow from these holes via the borewell and quickly reaches the level below. Explain that because the water is unfiltered, it cannot be drained straight from the top level.

This technology is the first for water worldwide to make dried borewells again by piercing the pipe in the borewell. This startup also has a global patent of this technology. Some similar technology is used for oil, but it is very expensive.

Depending on the location, a borewell can cost anywhere between 70,000 and 18,000 rupees. In addition, charging borewells, which have a 90–95 percent success rate, costs 25–40,000 rupees. In the last 2-3 years, this startup has cured about 4000 borewells. The government is also impressed by technology of this startup. This is the reason that the government has used this technology for smart cities under Amrit 2.0. Under this, 400 borewells have been recharged.

The company’s device is priced at Rs 7-8 lakh

• FY 2021-2022= Rs 1.02 Crores
• FY 2022-23 = Rs  2.78 Crores
• FY 2023-24 = Rs  3.22 crores ( Profit of 8%)

In the FY 24-25 – Expected = Rs 5 crores & 15% profit.

So far, this startup has done a funding round of Rs 1 crore in 2021. In the coming time, the company wants to go to the franchise model. Under this, he will earn 40 percent on machines and will also take a commission of about 25 percent on the revenue of the franchise. For this, the Founders sought a funding of Rs 75 lakh in lieu of 1.5 percent equity. Aman, Piyush, Anupam and Vinita were dismissed from the deal. At the same time, Kunal offered an offer of Rs 75 lakh in lieu of 10 percent equity. Founders offered 2.5 percent in the counter, but the deal could not be done and the founders had to return empty -handed.

All of the sharks—Anupam Mittal, Vineeta Singh, Kunal Bahl, Aman Gupta, and Peyush Bansal—were featured in an interesting episode of Shark Tank India’s Season 4, where they failed to land a deal but gained insightful guidance to help expand BoreCharger. Everyone is now excitedly anticipating the next episode, hoping to learn more about the judges’ approaches to fund-raising and more fascinating firms.