Shark Tank Funngrow
In this episode of Shark Tank India Funngrow, a platform that helps teenagers earn presents the pitch. Will the founder get a deal from the sharks? To know about the deal read till the end.
| Company name | Funngrow |
| Founders | Anik Jain, Payel Jain and Vea Jain |
| Ask | ₹50 lakhs for 1.25% equity |
Funngrow Founder
Anik Jain, Payel Jain and Vea Jain. They are from Mumbai. They are father, mother and daughter.
About the company Funngrow
Every teenager wants to explore his/her skills to earn money. So Funngrow is such a platform which provides opportunities for teenagers to earn a certain amount of money using their skills. This platform works in way that they provide jobs from companies based on certain skills and by completing the tasks one can get hands- on experience and earn money. The money gets into a funngro card which is provided by the company. They have 40000+ active users. They are registered with 170+ companies. Three major types of companies are tying up with them – Digital marketing companies, EdTech and Gaming and B2C. They have completed around 90 projects.
Ask by the Owner Funngrow
Owners asked 50 lakhs for 1.25% equity in the company.
Funngrow Sales And Revenue
The commission is 10% from each company. They have an expenditure of 2.5 lakhs rupees per month and 1.5 lakhs rupees of revenue per month. The average project value is around 2000 rupees. They have raised a CCD of 25 lakhs rupees.
WTF Shark Tank
Offers and counter offers
Namita and Amit offer 25 lakhs rupees for 10% equity and 25 lakhs debt at 12% interest.
Namita and Amit modified the offer for 50 lakhs in exchange for 4.16% equity in the company.
Funngrow Final deal
The deal was finalized with Amit and Namita for 50 lakhs rupees in exchange for 4.16% equity.