Shark Tank India is the Indian version of Shark Tank. It is the Indian franchise of the American show Shark Tank. The show has pulled the interest of many entrepreneurs from different regions of India, who became very famous in a very few days. The entrepreneurs from different regions approach Shark Tank India with exceptional business ideas, with the hope to get investment at the platform, which helps to grow their business.

This blog will show the investments given to the founders and companies that came with exceptional business ideas. It shows the creativity associated with a new aged technology beauty product brought by Winston company. Then comes the TeaFit company which shows its efforts to give a healthy and refreshing choice to the people. It also shows Haqdarshak which is a mobile and web platform that conveys to people about the government scheme application and eligibility and helps them to get benefited from it.

Winston

Founders: Himanshu Adlakha & Nikita Adlakha.

Founders Conveyed:

They brought a new aged technology product which saves from the burden of the salon. They said that every girl has a love-and-hate relationship with the parlor beautician. To save them from such a burden they have brought Winston. The company makes beauty appliances that give salon-like results, and they can be used at home. To achieve this they use the 3S strategy, i.e. smart, sturdy, and super easy. They have 8 products, such as face strimmer, eyebrows timmer, blackhead remover, and LED face mask. They sell their products on their website, and E-commerce platforms, such as Flipkart, Amazon, and Nykaa.

This is a one-time investment that can be used for many years. Their LED Therapy Mask has exceptional features and its Blue light settles skin irritation, Orange is used for detoxification and skin brightening, and Red is used for anti-aging and collagen production. One can wear it individually and can also use it with serum or a mask so that the penetration of the product can go deep. The price of the face cleanser is Rs. 2090 to Rs. 2990, and the face and eyebrow trimmer for Rs. 2490 which is associated with an in-built battery and is associated with a USB charger. They give a 1-year replacement warranty, which is a doorstep service. They had revenue of Rs. 1.2 Crores in the last financial year 2021-22. They were about to do Rs. 1.5 Crores till July of the financial year 2022-23, and had a projection sales of Rs. 6 Crores in the financial year 2022-23. They did MRP sales of Rs. 42 Lakhs in July 2022 and the product cost was 30% after a 30% discount.

Offer by Founders:

Rs. 1 Crore for 4% Equity for Rs. 25 Crores valuation.

Offer by Sharks:

Vineeta Singh & Anupam Mittal:

Rs. 1 Crore for 10% Equity for Rs. 10 Crores valuation.

Accepted Offer:

Vineeta Singh & Anupam Mittal

TeaFit

Founder: Jyoti Bharadwaj

Founder Conveyed:

A hundred years ago, the amount of Sugar that we used to consume in 1 year, is consumed in 1 week currently. The beverage companies have made us sugar addicts by providing a lot of sugar. The same goes for the juices. Due to bad products, unfortunately, our country is becoming number 1 in Diabetes. Their efforts are to give a healthy and refreshing choice to the people. TeaFit is a sugar-free beverage brand, and they brew it with Green Tea, Black Tea, and Hand Toasted Barley, and it has a formulation of 15 herbs, and its growing process is proprietary. They started this brand in 2021 and have served it to 20,000+ customers. They are available on 200 leading retailers, and also on Amazon, and Flipkart. BigBasket and many more.

The product has no calories, and no sweetener and its price is Rs. 120. The MRP is Rs. 120, the trade margin is 36% and 84% is the price to the retailer. Its making cost is about Rs. 30 to Rs. 32, from which Rs. 54 gets saved if the products are sold offline. The bottle is Rs. 5, the cap is Rs. 50 paise, and the sleeve and Ayurvedic Herbs are for Rs. 2, and Rs. 5, respectively, and Tea Leaves are for Rs. 2. The German technology goes for Rs. 2, the filling goes for Rs. 6, and the box and logistics goes for Rs. 2 each, and other go for Rs. 3.5. They have started it in the financial year 2021-22 with Rs. 15.5 Lakhs sales, and had a profit of Rs. 78,000. The projection for the year 2022-23 is Rs. 45-55 Lakhs. The sales in July 2022 were Rs. 2.5 Lakhs, Rs. 2.1 Lakhs in August 2022, and Rs. 3.5 Lakhs in September 2022. 35% of sales are online and 65% are offline.

Offer from Founder:

Rs. 50 Lakhs for 3% Equity for a valuation of Rs. 16.67 Crores.

Offer from Sharks:

Anupam Mittal & Vineeta Singh:

Rs. 50 Lakhs for 25% Equity for Rs. 2 Crores valuation.

Peyush Bansal:

Rs. 50 Lakhs for 20% Equity for a valuation of Rs. 2.5 Crores.

Aman Gupta:

Rs. 50 Lakhs for 10% Equity for Rs. 5 Crores valuation.

Revised Offer:

Anupam Mittal & Vineeta Singh:

Rs. 50 Lakhs for 10% Equity for Rs. 5 Crores valuation.

Peyush Bansal:

Rs. 50 Lakhs for 10% Equity for Rs. 5 Crores valuation.

Counter Offer - Jyoti Bharadwaj

Rs. 50 Lakhs for 8% Equity for Rs. 6.25 Crores valuation.

Aman Gupta, Anupam Mittal, Vineeta Singh, Peyush Bansal:

Rs. 50 Lakhs for 10% Equity for Rs. 5 Crores valuation.

Accepted Offer:

Counter Offer - Jyoti Bharadwaj

Haqdarshak

Founder: Aniket Doegar.

Founder Conveyed:

The population of India is 140 Crores, among which 90 Crores people belong to low-income families, and marginal families, for which the government makes 13,000+ government schemes and programs. Last year the budget of the government scheme was about Rs. 20 Lakh Crores. The government makes these schemes for such people to help them overcome their social and economic conditions, but today too all these schemes are not approachable to the people. There are two reasons behind this one is they do not have proper knowledge about it, and the other is if they have proper knowledge, then to they were not able to clear the documentation process. To get the people their rights, there came - Haqdarshak. It is a mobile and web platform that conveys people about the scheme application and eligibility, and along with its agent network makes the application and documentation support as well. They have 25,000+ agents and 50 centers in India. They have benefited 25,00,000+ Lakh people through government schemes in the last 6 years and benefited 50,000 businesses from government programs, and the total amount disbursed was more than Rs. 5K Crores.

They have also come up with a Yojana card that will convey to the people about the government schemes on mobile applications. Their vision is to make this Rs. 20 Lakh Crores reach 90 Crores of people. They have a team of 200 employees, 3,000 active agents, 25,000 trained agents, and 150 part-time agents. They raised Rs. 1.25 Crores valuation for a valuation of Rs. 10 Crores, and later they raised Rs. 6.6 Crores for a valuation of Rs. 30 Crores. They work with the B2B model, and they started approaching corporates in 2017-18 who want government schemes for factory workers and construction workers, and have worked with 110+ corporate contracts. They had revenue of Rs. 15.5 Crores in the financial year 2021-22, and the projection for the financial year 2022-23 is Rs. 30 Crores. It is a high volume low margin business, and its EBITDA is 7%.

Offer from Founder:

Rs. 1 Crore for 0.5% Equity for Rs. 200 Crores valuation.

Offer from Sharks:

Peyush Bansal:

Rs. 1 Crore for 2% Equity for valuation of Rs. 50 Crores.

Namita Thapar & Aman Gupta:

Rs. 50 Lakhs for 1% Equity, and 50 Lakhs Debt at 10% Interest for a valuation of Rs. 50 Crores.

Counter Offer - Aniket Doegar.

Rs. 1 Crore for 1.5% Equity for a valuation of Rs. 66.67 Crores.

Aman Gupta, Namita Thapar, Peyush Bansal:

Rs. 1 Crore for 2% Equity for valuation of Rs. 50 Crores.

Accepted Offer:

Aman Gupta, Namita Thapar, Peyush Bansal.

[The images are being taken from the registered companies and belong to their respective owners only.]