Over the past few years, India has seen a surge of startups as more and more people have started going into entrepreneurship. At a time when a substantial percentage of working professionals are eager to start their own business, shark tank indiaSonyLiv’s debut couldn’t have been more fortuitous. The show has taken the country by storm. From hilarious memes to interesting business pitches, everyone seems to be discussing shark tank india.
10 interesting business ideas featured on shark tank india
Modular utility electric vehicles by Revamp Moto
Represented by co-founders Jayesh Tope, Pushkaraj Salunke and Pritesh Mahajan, Revamp Moto introduced India’s first modular utility platform called Revamp Moto Mitr. Their innovative idea of creating an electric vehicle with utility accessories impressed the investors at the show. The trio were looking for help to build their brand from the sharks. Their request was Rs 1 Cr for a 1% stake in their business.
Boat co-founder and CMO Aman Gupta made the first offer at Rs 1Cr for a 3% stake. BharatPe’s Ashneer Grover has offered Rs 1.2 Cr for 2.5% equity. Soon, Gupta partnered with People Group’s Anupam Mittal to offer Rs 1 Cr at 2% equity. The contractors made the deal at Rs 1 Cr for 1.5 percent equity with Gupta and Mittal.
CosIQ Skin Care
It takes something special for a start-up as young as four months to impress the sharks. CosIQ, founded by Kanika Talwar and her husband Angad, hopes to become a big, smart skincare brand. All the sharks loved the packaging and the quality of their products.
Their products are made from clean ingredients with minimalist formulations, which is also their differentiator. The initial request was for Rs 50 Lakhs for a 7.5% stake in their venture. After lengthy negotiations, the couple finally agreed a deal with Vineeta Singh of Sugar Cosmetics and Anupam Mittal for Rs 50 Lakhs against a 25% stake.
Whey Protein Ice Cream by Get-A-Whey
The mother-son duo of Jimmy and Jash Shah made an instant connection with investors with their excellent presentation skills, articulate responses and incredible stories. They sought an investment of Rs 1 Cr in return for 8% capital to expand their business.
Get-A-Whey is a health-focused ice cream brand aimed at millennials. Their ice creams are high in protein, no added sugar, low in fat and low in calories compared to other ice creams on the market. It is currently present in Mumbai, Pune, Bengaluru, Jaipur, Hyderabad, Surat, Chennai and Delhi-NCR. They managed to pocket an investment of Rs 1Cr for 15% equity. Investors included Ashneer Grover, Aman Gupta and Vineeta Singh.
The thread bazaar
Mumbai-based The Yarn Bazaar aims to organize the unorganized textile industry with its startup. Since 2019, they have registered a business of over Rs 230 Cr. Apart from buying and selling yarns, the company also conducts interviews and podcasts with industry experts, thereby adding value to the textile sector.
The company was represented by founder and CEO Pratik Gadia, who impressed the sharks with his focused vision. Gadia has secured a Rs 1 Cr deal from Peyush Bansal of Lenskart, Ashneer Grover, Anupam Mittal and Aman Gupta.
Smart helmets by Altor
One of the noblest ideas showcased at the show, the Altor team’s smart helmets resonated with the investor panel. The young team of recent university graduates have developed a smart helmet, with a range of useful features. The tragic disappearance of a friend had set the team on the path to creating their flagship product.
The helmet is GPS compatible with Google Maps. Connected to a smartphone via Bluetooth, the headset can send a notification to family members of someone who has been involved in an accident. The headset had many other such smart features and impressed the Sharks. The team has reached an agreement of Rs 5 million for a 7% stake with Namita Thapar of Emcure Pharma and Aman Gupta.
Frozen Popsicles by Skippi Ice Pops
The series’ first all-shark deal was with Skippi Icepops, a Hyderabad-based popsicle brand. Backed by Kabra Global Products Pvt. Ltd, the F&B brand was represented by the husband and wife duo of Ravi Kabra and Anuja Kabra. The couple settled in Australia but had to move to India, following the death of Ravi’s father.
They had a brilliant idea to make popsicles that Indians would instantly identify with, thanks to their childhood nostalgia. All of the sharks were impressed with the packaging and taste of their popsicles. They also agreed on the fact that there is no other major player in this market in India. The Kabras received an offer from the five sharks. They closed the deal at Rs 1 Cr for 15% equity.
Cocofit Coconut Franchise Model
Cocofit, based in Bengaluru, is the first coconut-focused franchise model in India. They make everything from coconut shakes and smoothies to sodas, granitas and ice cream. The startup aims to be a game changer in the coconut sector across the country and seeks to address issues such as hygiene and transportation. The startup was established in 2019 and has successfully opened 31 outlets in 7 states.
They were on the show to seek mentorship to take their business model to the next level, as they had received several franchise requests from around the world. Entrepreneurs Sasi Kanth Visinigiri, Pavan Kumar Seepana and Sunil Kumar Tentu had interestingly asked Rs 5 for a capital of 5%. They made the same deal with Aman Gupta, Namita Thapar and Anupam Mittal.
Annie by Thinkerbells Lab
Brought to you by perhaps the cutest “brand ambassador” in Indian TV history, Bengaluru-based Thinkerbell Labs’ Annie product aims to make learning braille fun. Supposedly the world’s first braille literacy device, Annie helps visually impaired children learn braille on their own. Children can learn, read and type Braille using the device, without the help of a professional teacher.
The device could prove to be a game changer in spreading literacy among the blind. The team managed to raise a fund of Rs 1.05 Cr from Peyush Bansal, Namita Thapar and Anupam Mittal. The highlight of the presentation, however, was a super cute and smart 10-year-old, Prathamesh Sinha, who demonstrated the product to investors, leaving them all in absolute awe.
Health Tech Startup Keto India
Founded by Sahil Pruthi after going through personal turmoil regarding his mother’s brain surgery, Keto India is the only brand that received an attractive offer from investors and yet refused to accept it. The health tech startup was launched in 2018 by Pruthi. The company offers personalized nutrition plans and support through its app. Sharks were very impressed with the young entrepreneur and loved his business idea.
The startup wants to bust the myths surrounding diets and offer personalized nutritional support to patients with diabetes, PCOS and thyroid. Ashneer Grover, Peyush Bansal, Namita Thapar and Aman Gupta have teamed up to offer Pruthi Rs 1.6 Cr. The entrepreneur, however, was unwilling to go beyond a 1.25% equity stake and refused to accept the offer. This left the Sharks even more impressed with him.
Organic Dairy Products by Humpy A2 Milk
Established by Vishal Chaudhari, Malvika Gaekwad and Jaywant Patil, Humpy A2 is a brand that provides authentic organic dairy products in Pune. They specialize in A2 certified milk, which contains no chemicals. Their initial request was Rs 75 Lakhs for 4% equity.
Sharks loved their paneer, cheese, curd and organic milk. While Anupam and Namita backed out of the offer, Peyush Bansal and Gazal Alag of Mama Earth offered them a joint deal for Rs 75 Lakhs against a 10% stake. Soon Vineeta joined the two and the three investors struck a deal with the entrepreneurs for Rs 1 Cr for a 15% stake.
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