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  • 16 Jan 2023

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  • 16 Jan 2023


Shark Tank India Season 2: Episodes 7 & 8


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 Indian touch given to the variety of Salads, by maintaining their freshness and providing healthy, tasty, and creative Salads to the people. AyuSynk showed the Stethoscope which created a digital Stethoscope and surprised the judges with its exceptional features. The founder of Atypical Advantage spread positivity on the platform by emerging it as a great support system for disabled people in India. House of Chikankari spread the beauty of Lucknow elegantly and attracted the attention of the sharks.

The Simply Salad

The Simply Salad, company, Shark Tank India, season 2

Founders: Payal Pathak & Soham Payal Pathak.

Website: www.simplysalad.com

Founders Conveyed:

The founder Payal Pathak conveyed that she struggled for her whole life for weight loss, and many people suggested her to eat salad and lose weight. So over time, she learned to make a tasty and healthy salad. Today people are unavailable with creative options for making salad and also they have time shortage. So she started The Simply Salad along with her son. The Simply Salad is the cloud kitchen of Ahmedabad that delivers varieties of healthy, tasty, and creative Salads to the people. It includes protein, fiber, vitamins, calories, low carbs, and low fats. They have given an Indian touch to their every salad and maintained its freshness.

They have also made it affordable and available with a weekly and monthly subscription. It can also be ordered from Swiggy and Zomato. They started it in August 2020, and have fulfilled 35,000 orders to date. They conveniently deliver 80-90 orders per day and these numbers are increasing rapidly. They want their Salad to reach every home. If a person is a weekly subscriber then the price is Rs. 180 per day, and Rs. 150 per day for a monthly subscriber. The combined revenue of both is Rs. 4.42 Lakhs per month. Their gross margin is 64% and their net margin is 47%. The business is growing organically like it is a word of mouth.

Offer from Founders:

Rs. 30 Lakhs for 10% Equity for Rs. 3 Crores valuation.

Offer from Sharks:

Aman Gupta & Vineeta Singh:

Rs. 30 Lakhs for 10% Equity for Rs. 3 Crores valuation.

Accepted Offer:

Aman Gupta & Vineeta Singh.

AyuSynk

AyuSynk, company, Shark Tank India, season 2

Founders: Adarsh Kacchapilly, Tapas Pandey, Varad Patil.

Website: www.ayudevices.com

Founders Conveyed:

Heart and Lung diseases are the top two major problems all over the world. Like a hole in the Heart of small children, issues in the Heart valves of old aged people, and other diseases. In all such cases, the Heart and Lungs comes abnormal, and the doctors with the help of sounds and symptoms know the diseases. But it is not easy to hear this sound, and today too they hear this sounds hard by using the technology that was used 200 years ago. In all kinds of ads, the doctors are recognized by their Stethoscope. Since 200 years, technology has grown rapidly, then why the Stetescope still lies in its place? So that is why they have brought the 200 years pending upgrade with the AyuSynk. After attaching the AyuSynk to the Stethoscope it creates a digital Stethoscope. It can remove the background noise, and the doctors can get audio and visual clarity, and it can also live stream the data. The doctor sitting in Mumbai can check the patient sitting in Dehradun.

They have granted a US patent. Their vision is to make AyuSynk reach every corner and upgrade the Stethoscope. The device has two modes - Heart and Lungs mode. The Heart has 4 locations, and the Lungs have 18 locations, so the device has to keep at different places while checking to know which location is generating the sound. The device has different versions. Its Average Selling Price is Rs. 12,000 and has a 55% gross margin. The sales from the financial year 2022-23 till date are Rs. 3 Crores and the net EBITDA is 18% for this year. They have sold 5,000 devices of which they sold 90% to Telemedicine companies and 10% to B2C doctors. Initially, the feedback from D2C doctors was not great, then after overcoming those changes they are getting good results. The device has 3 versions, and the sales of mid-versions were more from the sales of 5,000 devices. They need to bring the components before 3-4 months, then they make the devices and then sell them, so that is a challenge.

Offer from Founders:

Rs. 1 Crore for 1.5% Equity, for Rs. 66.67 Crores valuation.

Offer from Sharks:

Peyush Bansal:

Rs. 50 lakhs for 5% Equity, and Rs. 50 Lakhs in Debt at 12% Interest, for Rs. 10 Crores valuation.

Namita Thapar:

Rs. 50 Lakhs for 4% and Rs. 50 Lakhs in Debt at 10% Interest, for Rs. 12.5 Crores valuation.

Counter Offer - Adarsh Kacchapilly, Tapas Pandey, Varad Patil.

Rs. 50 Lakhs for 3.5% and Rs. 50 Lakhs in Debt at 10% Interest, for Rs. 14.29 Crores valuation.

Accepted Offer:

Counter Offer - Adarsh Kacchapilly, Tapas Pandey, Varad Patil.

Atypical Advantage

Atypical Advantage, company, Shark Tank India, season 2

Founder: Vineet Saraiwala.

Website: www.atypicaladvantage.in

Founder Conveyed:

The founder conveyed that he is visually disabled and for them, the world cannot decide what all things they can do. In India, there is a population of more than 7 Crores of disabled people with a 0.4% employment rate. They are undervalued from the perspective of the world, but they can do many things from their perspective, and there is only the need for equal opportunities. There were layoffs at most of the places and the founder was getting many CVs of disabled people and he was unable to do anything. To solve the massive problem of livelihood he left his full-time job and started the company Atypical Advantage.

Atypical Advantage is the biggest inclusive platform in India that gives employment to disabled people. It has been 2 years, and they have partnered with 100+ companies and have provided opportunities to 1000+ disabled people. His ultimate vision is - everyone should get equal opportunities and there should be no need of such companies as Atypical Advantage. They want to solve the issue of massive employment. The first interest vertical of Atypical Advantage is performing artists, which includes 500+ performers, such as dancers, singers, musicians, magicians, comedians, motivational speakers, and voice-over artists, which one can book at the cooperate event, or town hall. The second is Atypical Art, which includes 140 artists with disabilities, and 1100 artworks are live on the platform. The third crucial part is - Inclusive Hiring, which provides freelancing and full-time job opportunities. Here the cooperates can see the profiles, and over all the verticals put together 1000+ and their top client is Amazon where they have placed 60+ people for full-time jobs.

The company that signs up gives a monthly retainer fee, and this monthly retainer package includes everything, such as - disability sensitization, post-placement support, job mapping, consulting, interview scheduling, and sign language support. They have earned Rs. 6.5 Lakhs in July 2022, and Rs. 10 Lakhs in August 2022. Their business model also works with the placement fees for some companies along with the subscription model. They raised Rs. 1 Crore for the valuation of Rs. 7 Crores on 3rd December i.e. World Disability Day from a series of investors with a social lens. There are 14 angel investors, and they have 15% Equity.

Offer from Founder:

Rs. 30 Lakhs for 1% Equity, for Rs. 30 Crores valuation.

Offer from Sharks:

Anupam Mittal, Namita Thapar, Aman Gupta:

Rs. 30 Lakhs for 4.29% Equity for Rs. 7 Crores valuation.

Peyush Bansal:

Rs. 1 Crore for 12% Equity, for Rs. 8.33 Crores valuation.

Counter Offer - Vineet Saraiwala:

Rs. 1.2 Crores for 10% Equity, for Rs. 12 Crores valuation.

Offer from Sharks:

Namita Thapar, Aman Gupta:

Rs. 30 Lakhs at 3% Equity, for Rs. 10 Crores valuation.

Accepted Offer:

Namita Thapar, Aman Gupta.

House of Chikankari

House of Chikankari, company, Shark Tank India, season 2

Founders: Aakriti Rawal & Poonam Rawal.

Website: www.houseofchikankari.in

Founders Conveyed:

The founders conveyed what comes to your mind when you hear about Lucknow, food, poetry or the way of speaking. There is a new artist in every corner of Lucknow. In the same way, one of the art is our Chikankari which has also got GI tag. It is available easily but this industry is very unorganized, and because of this, the customers do not get the quality assurance and authenticity of handwork. House of Chikankari is an E-commerce online brand, and they make it reaches to people at different corners in a modern style. They have provided employment to 5,000+ women artists in 2 years, and 15,000+ customers have shopped from their website.

Their vision to maintain the authenticity of the craft and make it relevant for the modern audience. Its price ranges from Rs. 2350 to Rs. 7000 for heavy sets. They started in 2020 and working on the website and want to go to the marketplaces. They earned Rs. 33 Lakhs in the financial year 2020-21, and Rs. 3.3 Crores in 2021-22, and from FY 2022-23 till date they have earned Rs. 7.4 Crores. They expected to reach Rs. 15 Crores for FY 2022-23. They have 70 people in their team. The gross margin of the last six months is 68%-70% and the average net margin is 15%. For Rs. 15 Crores they would make a net profit of 17% net profit. They have 33% international sales and 67% national sales. Also, 33% of customers are repeated customers.

Offer from Founders:

Rs. 75 Lakhs for 1% Equity, for Rs. 75 Crores valuation.

Offer from Sharks:

Aman Gupta:

Rs. 75 Lakhs for 5% Equity, for Rs. 15 Crores valuation.

Vineeta Singh & Anupam Mittal:

Rs. 75 Lakhs for 6% Equity, for Rs. 12.5 Crores valuation.

Peyush Bansal:

Rs. 75 Lakhs for 5% Equity, for Rs. 15 Crores valuation.

Revised Offer - Peyush Bansal & Aman Gupta:

Rs. 75 Lakhs for 5% Equity, for Rs. 15 Crores valuation.

Counter Offer - Aakriti Rawal & Poonam Rawal:

Rs. 75 Lakhs for 2% Equity, for Rs. 37.5 Crores valuation.

Peyush Bansal & Aman Gupta:

Rs. 75 Lakhs for 4% Equity, for Rs. 18.75 Crores valuation.

Vineeta Singh & Anupam Mittal:

Rs. 75 Lakhs for 4% Equity, for Rs. 18.75 Crores valuation.

Aakriti Rawal & Poonam Rawal:

Rs. 75 Lakhs for 3% Equity, for Rs. 25 Crores valuation.

Peyush Bansal & Aman Gupta:

Rs. 75 Lakhs for 3.75% Equity, for Rs. 20 Crores valuation.

Accepted Offer:

Peyush Bansal & Aman Gupta.

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