Shark Tank Fat to Slim
In this episode of Shark Tank India Fat to Slim, a company with economical diet solutions presents the pitch. Will the founder get a deal from the sharks? To know about the deal read till end.
|Company name||Fat to Slim|
|Founders||Shikha Aggarwal Sharma|
|Ask||₹20 lakhs for 1% equity|
Fat to Slim Founder
Shikha Aggarwal Sharma is the founder of the Fat To Slim company. She is 34 years old and from Delhi. She showed a picture of herself to the sharks which indicate the transformation from 86 kg to 56 kg. She works as the director in the company.
About the company Fat to Slim
Nowadays obesity has grown as a bigger problem. And this obesity can lead to numerous diseases such as PCOS, thyroid, infertility and diabetes etc. But there are people who really want to lose weight but dieting has become a luxury to them. Buying costly foods and spending hours in the gym is not the solution to getting slim and fit. Fat to slim brings the solution to these problems through their weight loss diet charts. Their weight loss plan includes Eat, Sleep And No Exercise. Your own kitchen and spices will be your shield. Instead of food like broccoli and avocado, they would suggest cauliflower and potato to include in weight loss diet. They further believe that there is no need to take out any extra time for exercise, go with your own schedule as their mantra is 80% diet and 20% exercise. Their vision is to make Fat To Slim a common name for those who want to work on fitness and weight loss. The founders claim to have testimonies that claim to cure and control PCOS, help in baby conceiving, cure and control diabetes with normal food. Initially they take all the biomedical details of the client then provide them diet for 10 days.
Ask by the Owners Fat to Slim
The owner made an ask of ₹20 lacs for 1% equity of the company at the valuation of ₹20 crores. The monthly fee is ₹2500 to ₹3000. There August 22 sales are ₹14.5 lakhs, July 22 sales are ₹13 lacs, June 22 are ₹13.5 lakhs. Net profit is 60%.
Fat to Slim Sales And Revenue
The company has more than 30 franchises worldwide. Recently their franchise has started in New Jersey and East Africa. In January they are going to be the first brand to present in Pakistan.
Offers and counter offers
None of the sharks showed interest in the deal as all of them were not agreeing with the owner’s information on diet.
Fat to Slim Final deal
No final deal was done.