News: Dilhush Kumar, the creative mind behind the flourishing app-based taxi service Roadbase, has overcome many hurdles and hurdles on his way to establishing a thriving business. Coming from a modest background in Bihar, India, Kumar’s unwavering determination and hard work have led him to amass a fortune worth $2 million. This episode explores Kumar’s inspiring journey, the challenges he faced and the remarkable expansion of Rodbez.
Dilhush Kumar’s Early Life and Financial Struggle
Born in a small village in Saharasa, Bihar, Dilhush Kumar faced financial struggles early in life.
Constrained by his family’s limited resources, he engaged in various odd jobs, selling vegetables and working as a rickshaw puller.
Undeterred by these hardships, Kumar persevered with his studies and completed up to the twelfth standard, while at the same time supporting himself with his work.
The entrepreneurial spirit and founder of Roadbase
In the year In 2011, Kumar moved to Patna, where he got a job as a driver working on power line projects to supplement his income.
With a passion for improved living and a deep understanding of Bihar’s transport challenges, Kumar Aryago Transpotech India Pvt. Ltd. in October 2016.
The company was established to address the overcharging of drivers due to the persistent lack of business by providing comprehensive solutions to both passengers and taxi drivers.
The birth of Rhodes and the role of Dilhus
Dilhush Kumar’s brainchild, Roadbase, an app-based taxi service, came from his innovative idea.
In the year In April 2022, Kumar made a strategic decision to leave Ariago, turning his attention to the wider expansion of Roadbase.
Kumar’s determination, combined with initial financial support from family, friends and mentors, laid the foundation for Roadbase’s exponential growth.
Dilhush Kumar Net Worth and Business Development
Dilhush Kumar’s brainchild, Roadbase, an app-based taxi service, came from his innovative idea.
In the year In April 2022, Kumar made a strategic decision to leave Ariago, turning his attention to the wider expansion of Roadbase.
Kumar’s determination, combined with initial financial support from family, friends and mentors, laid the foundation for Roadbase’s exponential growth.
Investment and ownership structure
The initial funding for Roadbase was provided by the Mithila Angel Network, which created a solid foundation for the business.
While Dilhush Kumar holds 80% ownership stake in the company, 5% is shared with co-founder Siddharth and another 15% is distributed among advisors and additional investors.
Currently, Roadbase operates twenty taxis, creating employment opportunities for drivers earning a monthly salary of $45,000.
Roadbase achievements and Shark Tank appearance
– Roadbase has successfully completed 10,000 rides since its inception, and aims to achieve 2,000 rides every day.
– Dilhush Kumar and Siddharth Jha, founders of Roadbase, appear in Shark Tank Season 3 to seek investment.
– The dynamic duo successfully secured a deal with the sharks Ritesh Agarwal and Vineta Singh, resulting in a staggering sum of four crores.
Dilhush Kumar’s remarkable journey from a vegetable trader and rickshaw puller to becoming the founder and CEO of Roadbase serves as a testament to the transformative power of determination and hard work. Despite financial challenges and career uncertainty, Kumar’s entrepreneurial drive inspired him to start an app-based taxi service. Roadbase’s achievements reflect Kumar’s vision and unwavering commitment to enhancing transport in Bihar. His narrative stands as an inspiration for budding entrepreneurs, emphasizing the importance of resilience and taking advantage of opportunities.
Frequently Asked Questions:
Q: How did Dilhush Kumar overcome the financial struggle?
Answer: Dilhush Kumar took odd jobs and continued his studies while working to support himself.
Q: Who originally funded Roadbase?
A: The initial funding for Roadbase came from the Mithila Angel Network.
Q: How many rides has Roadbase completed since its inception?
A: Roadbase has completed 10,000 rides since its inception.