Shark Tank Toyshine
In this episode of Shark Tank India Toyshine, a toddler specialist indoor toy brand presents the pitch. Will the founder get a deal from the sharks? To know about the deal read till the end.
|Ask||₹ 1.25 crore for 0.5% equity|
Rohit Khanna is from Jalandhar. He transformed his father’s traditional toy business to an online toy business.
About the company Toyshine
Toyshine is a pre-school and toddler specialist indoor toy brand that makes high-quality, affordable and unique toys. They are providing toys for the toddler group to 12 years. They have 2000+ unique types of toys. They have 10 lakhs reviews on Amazon. They are selling 85% of Indian-made toys. Their average order value is 700 rupees. They didn’t invest much on marketing their products.
Ask by the Owner Toyshine
The owner asked 1.25 crore rupees for 0.5% equity.
Shark Tank Products
Toyshine Sales And Revenue
Last year the company made sales of 45-50 crore rupees. In the financial year 18-19 the sales were 10 crore rupees. In 19-20 the sales were 25 crore rupees. In the financial year 20-21 the sales were 40 crore rupees and 21-22 the sales were 45 crore rupees. Current monthly sales are 4 to 4.5 crore rupees. The profit percentage is around 15%.
Offers and counter offers
All sharks were out because of scalability issues, differentiation issues, equity issues, etc.
Toyshine Final deal
No deal finalized with Toyshine.