Build story · India · Shark Tank India Season 2
PadCare Shark Tank India: deal, valuation & business model
Ajinkya Dhariya's PadCare recycles used sanitary pads into raw materials, tackling a major waste problem.
By Shivam Bhandari · Reviewed 31 October 2026 · How we write
by the numbers
- Deal
- ₹1 crore for 4% equity
- Implied valuation (equity portion)
- about ₹25 crore
- Season
- 2 (aired 2 January – 13 March 2023)
- Based in
- Pune
- What they sell
- Systems to collect and recycle used sanitary pads
What happened
Used sanitary pads create huge amounts of hard-to-handle waste. PadCare, founded by Ajinkya Dhariya, installs bins and systems in offices and institutions and processes used pads into recyclable materials such as pulp and plastic.
Businesses that solve waste problems often earn from institutions paying for disposal services and from selling recovered materials — two revenue streams from one process.
On Shark Tank India Season 2, PadCare closed a deal of ₹1 crore for 4% equity. The equity portion implies a valuation of about ₹25 crore for the business.
Timeline
- 2023
Pitched on Shark Tank India Season 2.
- Deal
₹1 crore for 4% equity.
the lesson
A waste problem can become a business when someone will pay to remove it and someone else will buy what's recovered.
Apply it to your business
- 1Look for waste others pay to get rid of.
- 2Earn from both disposal and recovered materials.
- 3Institutions can be reliable B2B customers.
Laws at work in this story
Figures are rounded and drawn from public reports, company filings and widely cited coverage at the time. Check the company's latest filings before relying on any number.