Biography of Naveed Anjum Munshi: Founder of Dr. Cubes- Entrepreneur
Biography of Naveed Anjum Munshi:
Naveed Anjum Munshi is a dedicated entrepreneur based in
Bengaluru, known for his innovative approach to the ice industry. As the
co-founder of Dr. Cubes, Naveed is on a mission to transform the perception of
ice quality in the food and beverage sector. His journey reflects a blend of
hard work, strategic thinking, and a commitment to excellence.
Educational Background
Naveed pursued his education at the Indian Institute of
Planning and Management, where he earned both his bachelor's and master’s
degrees in Finance and Marketing. This solid academic foundation equipped him
with the skills necessary to navigate the complexities of running a business
and managing finances effectively.
A New Venture Begins
In June 2023, Naveed co-founded Dr. Cubes with Pramod
Tirlapur. This venture focuses on providing high-quality, hygienic ice cubes
that meet the evolving needs of consumers and businesses alike. The idea
stemmed from recognizing a gap in the market where ice quality often goes
overlooked, leading to potential safety concerns.
Commitment to Quality
Dr. Cubes is committed to delivering superior ice products,
ensuring that hygiene and quality are prioritized. Understanding that ice is an
essential component in beverages and food service, Naveed and his team set out
to establish rigorous standards for their products. This commitment has
positioned Dr. Cubes as a leader in ice quality and safety.
Variety of Offerings
What sets Dr. Cubes apart is its extensive range of ice
products. From classic cube ice to gourmet, crushed, and infused ice, they
cater to various customer preferences. This diversity not only attracts
individual consumers but also appeals to restaurants and event planners looking
for premium ice solutions.
Efficient Delivery Systems
To enhance customer satisfaction, Naveed has implemented a
reliable delivery system, partnering with popular platforms like Zomato. This
ensures that customers receive their ice products promptly, maintaining the
freshness and quality they expect. Timeliness in delivery is crucial in the
food and beverage industry, and Dr. Cubes excels in this area.
Facing Challenges Head-On
While the business concept is straightforward, Naveed's
journey has not been without challenges. He and Pramod gained significant
exposure when they pitched their business model on Shark Tank India, seeking
₹80 lakhs for 15% equity, which valued the company at ₹5.33 crores. Although
they did not secure a deal, the experience brought national attention to their
venture.
Navigating Market Dynamics
The ice industry has its complexities, including competition
from larger players and market fluctuations. During their pitch on Shark Tank,
the Sharks raised concerns about the novelty of the ice industry and potential
risks. Despite these challenges, Naveed remains focused on the company’s growth
and long-term vision.
Biography of Naveed Anjum Munshi: Founder of Dr. Cubes- Entrepreneur/age/net worth/investor/startup/ice products for the food and beverage industry
Resilience During Tough Times
The journey of Dr. Cubes has seen its ups and downs. After
generating ₹50 lakhs in revenue in 2019 and increasing it to ₹1.2 crores in
2020, the COVID-19 pandemic hit hard, reducing earnings to ₹76 lakhs in 2021.
However, Naveed's resilience helped the company rebound, achieving ₹1.10 crores
in revenue in FY22.
Setting Ambitious Goals
With a successful recovery behind them, Dr. Cubes has set an
ambitious target of ₹2.5 crores in revenue for FY23. Naveed's leadership and
strategic planning are critical as they work towards this goal, demonstrating
their commitment to growth and innovation in the ice industry.
A Vision for the Future
Naveed envisions Dr. Cubes not just as a business but as a
brand that prioritizes quality and hygiene in ice production. His focus is on
redefining how consumers view ice, ensuring that they recognize its importance
in food and beverage safety. This vision drives the company's ongoing efforts
to innovate and expand.
Building a Legacy
Through hard work, strategic thinking, and a passion for
quality, Naveed Anjum Munshi is creating a lasting impact in the ice industry.
As Dr. Cubes continues to grow, Naveed’s commitment to excellence and
innovation positions the company as a key player in the market. For consumers
who value quality, Dr. Cubes is a name to watch in the beverage and hospitality
sector.
A timeline of Naveed Anjum Munshi's journey and
achievements:
Education - Earns bachelor's and master’s degrees in Finance
and Marketing from the Indian Institute of Planning and Management.
June 2023 - Co-founds Dr. Cubes, focusing on high-quality,
hygienic ice products for the food and beverage industry.
2023 - Implements efficient delivery systems in partnership
with platforms like Zomato.
2023 - Pitches Dr. Cubes on Shark Tank India, seeking ₹80
lakhs for 15% equity, gaining national attention.
2019-2020 - Achieves revenue growth from ₹50 lakhs in 2019
to ₹1.2 crores in 2020.
2021 - Faces challenges due to the COVID-19 pandemic, with
revenue dropping to ₹76 lakhs.
FY22 - Recovers to achieve ₹1.10 crores in revenue.
FY23 Goals - Sets an ambitious revenue target of ₹2.5
crores, focusing on growth and innovation.
2025 - Aims to redefine the perception of ice quality and
safety in the food and beverage sector.
