The Shark tank India has entered in the 4th week of its journey. This is shark tank India episode number 16. In this episode viewers will get to see Bamboo India which makes Bamboo toothbrushes that aim to change the world, Flying fur a pet grooming brand, Beyond water a naturally extracted water enhancer that makes the water nutritious, and a healthy snack brand named Let’s Try for the Indian household.
1. Bamboo India
- Bamboo India Owners: Ashwini Shinde and Yogesh Shinde
They have completed their kindergarten to post-graduation in Pune. Yogesh Shinde worked as a software engineer, team leader, program manager, country head and for 5 years he was in Germany and received many awards in creativity. Ashwini Shinde manages the administration work and online products management. They are from Pune.
About Bamboo India
Bamboo India is the company deals in manufacturing toothbrush from 100% bamboo tree and they have manufactured around 40 lakhs bamboo toothbrushes till date.The used plastic toothbrushes didn’t get mixed up soil and made the environment dirty; so bamboo India was founded.Their products are delivered around 18 countries in the world and about 2050+ pincodes in India. Their website is bambooindia.com. They are selling their products on Amazon and Flipkart. About 300 retail shops sell their products all over India.They have contracted the manufacturing unit set up in Pune and they are manufacturing 50,000 units of brushes per day.They whitelabel the products and make sales.
Gross Profit and Sales of Bamboo India
The company valuation is 20 crore. When they launched their first series of products in the year 2015 one cost of one brush was 180 rupees and the brushes were handcrafted.Optimising the value they have brought it to MRP of Rs. 45 in which making cost is Rs. 15 and the Gross Margin is Rs. 30.In the last financial year, 2020-21 the sales was Rs. 2.8cr. In the ongoing financial year of 2021-22 the sales have reached 2.2 crores till mid of October.The projected sales in this financial year 2021-22 is about 4cr.
Asks by the pitchers of Bamboo India
Pitchers asked for 80 lakhs in return of 4% equity in the company.
Counter offers for Bamboo India
Aman counter for 20 lakhs and 60 lakhs in debt in return for 4% equity in the company. Peyush counters again for 80 lakhs in return for 20% equity. Anupam and Ashneer counter for 40 lakhs and 40 lakhs in debt for 8% equity in the company. Peyush and Aman join each other counter offer for 80 lakhs for 20% equity.
Pitchers counter for 50 lakhs and 30 lakhs in debt in return of 3% of the equity. Anupam and Ashneer again counter for 50 lakhs rupees and 30 lakhs in debt. for 6% equity. Peysuh and Aman again counter for 50 lakhs and 30 lakh in debt for 5% equity.
At this stage Ashneer and Anupam jointly and Peyush and Aman jointly counter to invest Rs.50 lakhs and 30 lakhs in debt. for 4% equity.
Final offer for Bamboo India
Final deal was completed by Ashneer and Anupam for 50 lakhs rupees and 30 lakhs debt. in return for 3.5% equity in the company.
2. Flying Fur
Flying Fur Owners Jessica Madan is the owner. She is 30 years old from Delhi. Her partners are Akshay Gupta. He is 29 years old from Delhi. One more partner name is Vaibhav khanna . He is 31 years old from Delhi.
About Flying Fur
Flying fur provides grooming facilities for pets. They give services to every type of pet in their flying fur truck such as bath, a stylish hair cut, tickle free treatment, full body massages, nail clipping and many more. They started this in 2016 with one truck, and now they have become India’s largest pet grooming chain with 14 trucks operational in 8 cities.
Gross Profit and Sales of Flying Fur
The company’s valuation is 10.71 crores. Their sales from one truck is around 3 lakhs per month. Their pricing ranges from 1k to 3.5k . They have around 15k pet parents. Their repeat parents are around 60% .
Asks by the Pitchers of Flying Fur
They approach with an ask of 75 lakhs for 7% equity.
Final offer for Flying Fur
All the sharks step out of the deal. No deal was done.
3. Beyond Water
- Beyond Water Owners: Devang Shinghnia and Shachi Shinghania.
About Beyond Water
According to WHO, one needs to drink 3-4 litres of water per day but maximum people don’t drink water in enormous amounts instead they consume soft drinks, soda water which contains 7-8 spoons of sugar, harmful chemicals and colours. So here Beyond Water was born, the first water enhancer which boosts the nutritional value and taste of the water. The little squeezer bottle comes with 24 servings and needs no stirring ,one needs to just squeeze one drop in a glass of water and consume it.
One can make 5 litres of flavoured water with one squeezer bottle. It can be mixed with soda, water, green tea, black coffee and many more. They have their own website and feature their products on Amazon.This product comes with 4 different flavours; Lemon Mint, Mango Peach, Electrolytes(Ginger Lime), and Orange. They have used 99% stevia instead of Sugar in such a quantity that it will not affect our health. They are in process of launching their third range of products i.e Cocktail mix which is very popular in America.
Gross Profit and Sales Beyond Water
The value of the company is 18.75 crores. The MRP of the product is Rs.300 and per serving costs around Rs.13.Their sales are around 10-12 lakhs in the last financial year.
Asks by the Pitchers of Beyond Water
Pitchers asked for 75 lakhs in return of 4% equity in the company.
Counter Offers for Beyond Water
Namita and Aman jointly counter offers for 50 lakhs and 25 lakhs in debt at 12% interest in return for 20% equity in the company.
Namita and Aman changed the offer to 75 lakhs rupees as a whole.No debt. factor. Pitchers counter offer for 75 lakhs rupees in return for 10% equity in the company.
Final offer for Beyond Water
Final offer was accepted by the Pitchers offered by Namita and Aman for 75 lakhs in return for 10% equity in the company.
4. Let’s try
- Let’s Try Owners: Nitin kalra, Chitra Gupta, Neelam kalra and Geetanjali are the owners. They hail from Delhi. Chitra is a UX designer.
About Let’s Try
Nowadays every child is very fond of snacks and junk foods. They are not healthy. These junk foods contain palm oil and artificial ingredients are used. Customer preference and feedback are not given any value here. No quality ingredients are used. In view of changing this, the owners decided to start Let’s Try. They provide healthy and quality snacks to every class and family of the society. They provide 50 varieties of healthy and tasty snacks. They use 30% to 50% base ingredients. Like, in flax seeds bhujia, 40% flax seeds are used. They use 100% groundnut oil and contain no added Chemicals and preservatives. They are available in e-commerce stores, Modern stores, Other 600 stores. They also sell their products from their own website.
Gross profit and sales- The company’s valuation is 22.50 cr. They had made 4 lakhs from the makhana snacks section last month. Their pricing is 15% higher than Haldiram. They started with 50 thousand sales without any marketing investment. In just 7 months their sales have increased to 16 lakhs. Their gross margin is 55 to 60 percent. And net margin to 25 to 30 percent. Their net profit is 25% of 16 lakhs. They will achieve 40 lakhs turnover at the end of month.
Asks by the pitchers of Let’s Try
The pitchers approach with a ask of 45 lakhs for 2%equity.
Counter offers for Let’s Try
Anupam gives an offer of 25 lakhs for 10% equity and 20 lakhs loan. Again the offer is revised and is given by Anupam and Aman of 45 lakhs for 15% equity. Pitchers give a counter offer of 45 lakhs for 10% equity.
Final Offer for Let’s Try
Final deal is done with Anupam and Aman at 45 lakhs for 12%.
Shark Lesson of the Day
Shark Anupam mittal explains the meaning of white labeling. It is something when a manufacturer makes a product on contract and gives it to a brand company and that brand company uses its label for marketing and sales of the product.