Biography of Dr. Waseem Laghari: Founder & CEO of Agri Revolution Company
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Introduction to Dr. Waseem Laghari and Agri Revolution
Dr. Waseem Laghari, a veterinary doctor and entrepreneur, is
the founder and CEO of Agri Revolution Company. He is also a dairy farm
consultant and an agri-business expert with a background in working with
FrieslandCampina. His journey into the dairy farming sector is driven by a
passion for improving milk production and efficiency in the industry. Along
with his mentor, Imdad Laghari, Dr. Waseem pitched a promising business model
aimed at revolutionizing the dairy sector in Karachi.
The Vision Behind Agri Revolution
Agri Revolution Company aims to transform the dairy farming
industry by helping farmers increase milk production while reducing operational
costs and minimizing losses. Dr. Waseem’s goal is to support dairy farmers in
Karachi and the surrounding areas, focusing on improving the productivity of
dairy farms through advanced technology and efficient management practices. The
company has already made strides, working with seven commercial farms to help
them increase profitability.
The Pitch: Seeking Investment for Expansion
In their pitch on Shark Tank Pakistan, Dr. Waseem and his
team requested an investment of PKR 2 crore in exchange for 10% equity. The
funds would be used to scale their operations and expand the services they
offer to more farmers in Karachi. With a focus on dairy farm management and the
use of technology to enhance productivity, Agri Revolution is positioning
itself as a game-changer in the dairy industry.
The Scalability Factor
The entrepreneurs emphasized the scalability of their
business model, which caught the attention of the investors. Agri Revolution’s
approach focuses on expanding dairy farms and increasing milk production in a
region with significant market potential. With the right investment, they
believe their model could easily be replicated in other regions, allowing the
company to grow rapidly and serve thousands of farmers across Pakistan.
Existing Impact and Revenue
Agri Revolution has already begun to make a difference in
the dairy farming sector. They have worked with several commercial farms and
are targeting 100,000 to 150,000 dairy animals. With an initial investment of
PKR 2 million, they have already generated PKR 2 million in revenue. The
business is jointly owned by four partners, each holding 20% equity, and is on
track to make a significant impact on the dairy industry.
The Business Model: Capital and Operational Needs
The company’s business model revolves around improving the
efficiency of dairy farms through better technology, management practices, and
veterinary services. The investment they were seeking would primarily be used
for capital expenses (54%), with the remainder allocated to operational needs.
This would help Agri Revolution enhance its services and expand its reach to
more dairy farmers in the region.
Biography of Dr. Waseem Laghari: Founder & CEO of Agri Revolution Company- Entrepreneur/age/net worth/startup/shark tank story/Agri Revolution story
Challenges and Investor Hesitation
Despite the clear potential and innovative approach, the
sharks expressed hesitation when it came to investing the requested PKR 2
crore. They were concerned about the scalability of the business and the
financials, particularly given the risks involved in expanding the model across
a larger region. The sharks were also cautious about the company’s ability to
manage such rapid growth and increase its revenue.
The Negotiation and Missed Opportunity
As the pitch progressed, the entrepreneurs and investors
engaged in intense discussions about the scalability and financials of the
business. The sharks were intrigued by the potential of Agri Revolution but
could not overlook the uncertainties in the business model. Despite their
interest in the concept, the investors ultimately decided to step out, one by
one, due to concerns over the company's financial outlook and its ability to
scale effectively.
Feedback and Future Plans
While no deal was made during the pitch, Dr. Waseem and his
team received valuable feedback from the sharks. This feedback provided
insights into areas that need improvement, particularly in terms of financial
planning and scalability. Agri Revolution is now focused on refining its
business model, addressing these concerns, and continuing to grow its impact in
Pakistan’s dairy farming sector.
The Road Ahead for Agri Revolution
Despite the setback on Shark Tank Pakistan, Agri Revolution
remains optimistic about its future. The company has already proven its ability
to generate revenue and positively impact dairy farms in Karachi. With
continued focus on improving their services and scaling operations, Agri
Revolution is determined to become a leader in Pakistan's dairy industry,
helping farmers increase milk production, reduce costs, and achieve greater
profitability in the long run.
Timeline for story
Agri Revolution Founding - Dr. Waseem Laghari, a veterinary doctor and entrepreneur, founded Agri Revolution Company, aiming to transform the dairy farming industry in Karachi through advanced technology and efficient management practices.
Partnership and Mentor - Dr. Waseem partnered with his
mentor, Imdad Laghari, and began working with seven commercial farms to improve
milk production and profitability.
Pitch on Shark Tank Pakistan (2023) - Agri Revolution
requested an investment of PKR 2 crore for 10% equity to scale their operations
and expand services to more farmers in Karachi.
Scalability Focus - The pitch highlighted the scalability of
the business, with potential to replicate the model in other regions of
Pakistan, reaching thousands of farmers.
Existing Impact and Revenue - The company has already worked
with several commercial farms and generated PKR 2 million in revenue, targeting
100,000 to 150,000 dairy animals.
Business Model - Agri Revolution’s business model focuses on
improving dairy farm efficiency through better technology, management
practices, and veterinary services.
Investor Hesitation and Missed Opportunity - Despite
interest from the sharks, the investors expressed concerns about scalability
and financials, ultimately deciding to step out.
Feedback and Future Plans - Dr. Waseem and his team received
valuable feedback from the sharks and are focused on refining their business
model, addressing scalability concerns, and continuing to grow.
Optimistic Future - Agri Revolution remains determined to
become a leader in Pakistan’s dairy industry, helping farmers increase milk
production, reduce costs, and improve profitability.
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