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Ecoil

Food oil recycling

Deal

The pitch

Season / Episode: S4 E51
Aired: 17 Mar 2025
Industry: Green/CleanTech
From: Jaipur, Rajasthan
Founded: 2018
Asked for: ₹1 Cr for 1.25%
Valuation asked: ₹80 Cr

The outcome

Deal: ₹50 L for 1%
Deal valuation: ₹50 Cr
Debt: ₹50 L
Yearly revenue: ₹17 Cr
Gross margin: 40%

Who invested

Ritesh₹25 L for 0.5% + ₹25 L debt
Chirag Nakrani₹25 L for 0.5% + ₹25 L debt

Founders

Sushil Vaishnav — Co-founder source
Kirti Vaishnav — Co-founder source

Researched from public sources · checked 20 Aug 2026

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