Shark Tank Desi Toys
In this episode of Shark Tank India Desi Toys, a toy company that wants to make playtime educational by creating toys presents the pitch. Will the founder get a deal from the sharks? To know about the deal read till the end.
|Company name||Desi Toys|
|Founders||Swapna Soham Wagh|
|Ask||₹ 50 lakhs for 3% equity|
Desi Toys Founder
Swapna Soham Wagh is from Mumbai. She is an MBA graduate with a marketing specialization. She has also done retail specialization from IIM Calcutta.
About the company Desi Toys
Childhood in the previous era was so exciting and children used to learn things from toys like the steamer which runs on water tells about physics laws. So in order to bring those old days back to our gen Z era Desi Toys was founded. Desi Toys is an Indian toy brand that brings timeless toys to our current generation and has given an Indian touch to it. They have the toys like
● Snake and Ladders
● Mahabharat Pachisi
● Ramayana Chauka Bara etc.
They offer employment to local artisans and their products are 100% Indian-made. They are available on their own website, in marketplaces like Amazon, Flipkart, and Firstcry, and also in retail stores. The vision is to make an exciting toy brand for children. All products are quality tested. The price of the products starts from 199 rupees to 3999 rupees. The average price of the product is 500 rupees.
Ask by the Owner of Desi Toys
Pitchers asked 50 lakhs for 3% equity.
Desi Toys Sales And Revenue
In the financial year 17-18 the sales were 40 lakhs rupees, in the financial year 18-19 the sales were 60 lakhs rupees, in 19-20 the sales were 75 lakhs rupees, in the financial year 20-21 the sales were 61 lakhs rupees and in the financial year 21-22 the sales were 1.15 crore rupees. Last month the sales was 20 lakhs rupees and projected sales this year is 2.5 crore rupees. 80% of their sales are from B2B, 3% from D2C, and the rest 17% from marketplaces. Overall gross margin is 50% and from D2C and marketplaces, it is around 65% to 70%. The net profit is around 3.5 lakh rupees per month.
Offers and counter offers
Amit offers 20 lakhs rupees for 20% equity and 30 lakhs debt.
Pitcher counter offers 20 lakhs for 5% equity and 30 lakhs debt
Desi Toys Final deal
No deal was finalized with the sharks.