Table of Contents
Shark Tank Kyari
|Founders||Abhay Sharma and Smartika Sharma|
|Ask||₹51 lakhs for 1% equity|
Abhay Sharma and Smartika Sharma are the founders of the company. This brother and sister do belong to an adventure enthusiast family.
About the company Kyari
It is an adventure safety gadget-making company. Most of the people who go trekking and camping have only sticks for their safety. People come across wild animals. To solve the problem, they bring world’d first
Smart kid- Guardian. These products were used by 2000 forest guards and saved many lives. This product is completely designed and made in India. Their vision is to protect forest guards and adventure enthusiasts and make them feel safe.
Features of the smart stick – Guardian
- Lights with multiple modes.
- Loud alarm system
- Taser. It gives a shock of 10,000V and 1mA to animals but it does not harm them.
- It also work as power bank for phone charging
- It comes with a stand that can be changed into an axe or shovel later.
- A wall mount is also provided for keeping the stick at home.
Camping is a growing market in India and it is roughly ₹1000 crore. Global market is ₹110000 crores. The manufacturing process is lean manufacturing and in-house production
Ask by the Owners Kyari
The pitchers made an ask for ₹51 lakhs for 1% equity of the company at the valuation of 51 crores.
Kyari Sales And Revenue
In FY 18-19 the sales were ₹8 lakhs, in FY 19-20 the sales were ₹30 lacs, in FY 20 to 21 the sales were ₹1.2 crore, FY 21 to 22 the sales were ₹1.4 crore and in FY 22 to 23 till date the sales were ₹75 lakhs. The sales in July 22 is 10 lacs, in August 22 is ₹17 lakhs. The price range for the product is ₹10000 to ₹17000 depending upon the version. The cost price of each product is ₹2000 to ₹3500. Their maximum sales occur from dealers and 30% margin is given to them. Profit margin is 30%. Their current month profit is ₹5.1 lakhs.
Offers and counter offers
Namita and Amit gave in an offer of ₹51 lakhs for 10% equity of the company at the valuation of ₹5.1 crores.
Peyush Anupam and Aman given offer of ₹51 lakhs for 12% equity of the company at the valuation of ₹4.25 crores
The founders give an offer of ₹51 lakhs for 2% equity of the company at the valuation of ₹25.5 crores.
Namita and Amit revised their offer for ₹51 lacs at 8% equity of the company at the valuation of ₹6.38 crores.
Peyush and Anupam revised their offer for ₹51 lacs at 10% equity and Aman stepped out of the seal.
Peyush gave another offer of ₹51 lakh for 5% equity of the company at the valuation of ₹10.2 crores.
Again Anupam and Peyush gave a counteroffer of ₹1 crore for 10% equity of the company, later revised it for ₹80 lakhs for 8% equity.
Namita and Amit revised their offer for ₹51 lacs at 6% equity.
Anupam and Peyush match this offer.
Kyari Final deal
The final deal was closed with Peyush and Anupam for ₹51 lacs at 6% equity of the company