Shark Tales Week 7 | Going back to your roots will take you forward
Sat Feb 18 2023
5 min read
techadmin
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This week saw an overflow of innovation and heartfelt stories coming in from India's entrepreneurs. Bidding wars and pitches go hand in hand and Shark Tank India's Week 7 was no different. And by bidding, we are also referring to Google keywords:
Key takeaways from this week’s episodes are:
Necessity is the mother of invention: When a 26-year-old woman was looking out of a physically abusive marriage, she chose to become and entrepreneur to start a D2C business with her mother. The purpose of life was found and flavorful cakes were delivered.
Not selling enough might as well be a pre-revenue model: Multiple pitches this week got hung and stung when the matter of sales came up. The sharks refused to invest in concepts that were innovative but showed low promise in revenues.
Going indigenous is the future: With pitches like Nirmalaya and Pabiben, it is clear that entrepreneurs are exploring our cultural roots and using business as a medium to uplift the eco-socio sections of society.
Episode 31
Brand 1
Tipayi
Founders:
Prem Kale
Ye inki expertise hai:
Balance bikes for kids made out of sustainable wood
The problem it solves:
Weather-resistant material for kid safety
Ask:
50 lakhs for 10% equity
Deal or no deal?
No deal
Brand 2
DigiiCure e-clinic
Founders:
Akanksh Tandon
Soumen Banerjee
Ye inki expertise hai:
Healthcare platform that provides clinic management software and telemedicine solutions
The problem it solves:
Bridging the gap between the inhabitants of rural and remote areas and better healthcare facilities, they offer online doctor consultation through the means of their ‘Saksham’ card fee (Rs. 1 per day). Akanksh Tandon and Soumen Banerjee lead on with a vision of making healthcare affordable and accessible for rural populations.
Ask:
40 lakhs for 4% equity
Deal or no deal?
Namita invested 40 lakhs for 10% equity
Brand 3
Nirmalaya
Founders:
Bharat Bansal
Surbhi Bansal
Rajeev Bansal
Ye inki expertise hai:
By recycling floral waste acquired from temples, they’re producing blended essential oils, ittars, low carbon-content agarbattis (incense sticks), organic gulaal for Holi and more.
The problem it solves:
Products by Nirmalaya are manufactured by a rural women workforce to generate employment and simultaneously give a story to the products that originate from religious locations.
Ask:
60 lakhs for 1.5% equity
Deal or no deal?
No deal
Episode 32
Brand 1
Pabiben
Founders:
Pabiben Rabari
Ye inki expertise hai:
Vibrant handicrafts
The problem it solves:
Building indigenous products that can compete with western lifestyle products that also provides employment opportunities to local artisans.
Ask:
50 lakhs for 5% equity
Deal or no deal?
They finally received an offer of 10 lakhs for 5% equity and 40 lakhs debt on 0% interest.
Brand 2
Homestrap
Founders:
Priyanka Mehta
Akash Mehta
Ye inki expertise hai:
Wardrobe organising solutions
The problem it solves:
Better household experience through space management indoors.
Ask:
70 lakhs for 1% equity
Deal or no deal?
They left with an offer of 50 lakhs for 7% equity and 20 lakhs debt at 10% interest.
Brand 3
Ubreathe
Founders:
Sanjay Maurya
Akhil Gupta
Akshay Goyal
Inderjeet Rao
Ye inki expertise hai:
Smart natural air purifier
The problem it solves:
Urban cities are complaining about dropping AQIs furthermore every year and it is important to breathe better indoors after prolonged exposure to toxins on a daily basis outdoors.
Ask:
1.5 crores for 7.5% equity
Deal or no deal?
The brand received an offer for 50 lakhs for 5% equity and 1 crore debt at 10% interest.
Brand 4
Deyor
Founders:
Chirag Gupta
Himanshu Agarwal
Ye inki expertise hai:
WhatsApp integrated chatbot for travel planning
The problem it solves:
There are websites that solve for travel options comparison but this chatbot is helpful in itinerary planning and travel optimisation.
Ask:
1 crore for 1% equity
Deal or no deal?
No deal
Episode 33
Brand 1
iMumz
Founders:
Mayur Dhurpate
Ravi Teja Akondi
Dr. Jaideep Malhotra
Ye inki expertise hai:
Lifestyle coach for pregnant women
The problem it solves:
A digital platform for pregnant women that reduces dependency on travel & company to encourage more independence among women during this phase
Ask:
70 lakhs for 1% equity
Deal or no deal?
They received a deal from Peyush of 10 lakhs for 1% equity & 60 lakhs in debt at 10% interest.
Brand 2
The Healthy Binge
Founders:
Pranav Korke
Karan Korke
Ye inki expertise hai:
Healthy snacks
The problem it solves:
Ideal snack for multiple small meals throughout the day with low MSG
Ask:
50 lakhs for 5% equity
Deal or no deal?
Sharks Aman and Peyush came together to offer them 1 crore at 10% equity
Brand 3
Freakins
Founders:
Puneet Sehgal
Shaan Shah
Ye inki expertise hai:
Trendy fashion brand
The problem it solves:
Options for all ages across styles and categories
Ask:
50 lakhs for 2.5% equity
Deal or no deal?
The brand's ask was matched by Vineeta
Episode 34
Brand 1
Perfora
Founders:
Tushar Khurana
Jatan Bawa
Ye inki expertise hai:
Direct-to-consumer oral care brand
The problem it solves:
India still needs a specialised oral care line of products from a mainstream brand beyond toothbrushes and toothpaste.
Ask:
80 lakhs for 1% equity
Deal or no deal?
Sharks Vineeta, Namita and Peyush came together to offer them 80 lakhs at 4% equity
Brand 2
Midnight Angels
Founders:
Punya Chugh
Parina Chugh
Ye inki expertise hai:
Plus size nightwear
The problem it solves:
Loungewear and nightwear should be available for plus size customers because this category usually offers casual wear only.
Ask:
75 lakhs for 6% equity
Deal or no deal?
No deal
Brand 3
CureSee
Founders:
Puneet Sahni
Amit Sahni
Jatin Kaushik
Ye inki expertise hai:
AI based vision therapy
The problem it solves:
Vision therapy exercises for eye care & free eye screening
Ask:
40 lakhs for 10% equity
Deal or no deal?
Peyush invested in yet another eye care brand with 50 lakhs for 10% equity.
Episode 35
Brand 1
Medulance
Founders:
Ravjot Arora
Pranav Bajaj
Ye inki expertise hai:
Ambulance services on demand
The problem it solves:
The brand has displayed rapid growth because of its commendable time of service such that they have the biggest on-demand fleet of ambulances
Ask:
2 crores for 1% equity
Deal or no deal?
Sharks Aman, Namita and Peyush came together to offer them 2 crore at 2% equity
Brand 2
Cakelicious
Founders:
Dureya Barodawala
Fatema Barodawala
Ye inki expertise hai:
Flavorful cake tubs
The problem it solves:
Cakes have certain SKUs throughout the industry but through tubs, the product get wider acceptance because of convenience consumption.
Ask:
25 lakhs for 5% equity
Deal or no deal?
Amit offered the ladies 25 lakhs at 20% equity
Brand 3
Bowled.io
Founders:
Akshay Khandelwal
Rahul Singh
Ye inki expertise hai:
Cricket-based gaming platform
The problem it solves:
Like football fans have FIFA by EA sports which is an aspirational game fans buy every year, Indian fans love cricket and the market needs a game that bridges this gap
Ask:
80 lakhs for 1% equity
Deal or no deal?
No deal
Brand 4
Toyshine
Founders:
Pranav Korke
Karan Korke
Ye inki expertise hai:
Toy brand for toddlers to play indoors
The problem it solves:
2000+ unique toys in their collection
Ask:
1.25 crore for 0.5% equity
Deal or no deal?
No deal
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