Shark Tank Twisting Scoops
In this episode of Shark Tank India Twisting Scoops, Asia’s largest ice cream chain presents the pitch. Will the founder get a deal from the sharks? To know about the deal read till the end.
|Company name||Twisting Scoops|
|Founders||Kunwarpreet Singh Juneja and Manmeet Singh Batra|
|Ask||₹ 1 crore for 2.5% equity|
Twisting Scoops Founder
Kunwarpreet Singh Juneja and Manmeet Singh Batra. They are from Delhi.
They are school friends and before this company, they were in the textile industry. For a vacation, they went to Turkey and bought this idea in India.
About the company Twisting Scoops
When we hear about food our eyes become enlarged out of excitement. May it be kids to adults, all love entertainment and food together. So in order to provide the same, the pitcher has come up with their company called Twisting scoops. Twisting Scoops is Asia’s first and largest Turkish ice cream brand chain. Ice cream is made up of 100% goat milk. It has zero chemicals and all Turkish ingredients. They have hired professionals from Turkey. Apart from Turkish ice cream, their product categories are:
- Middle Eastern and Turkish Coffee.
They started in the year 2016. They have 37+ stores around 15+ cities in India. They have 3 formats for their store:
- Kiosk – 100 sq. Feet to 200 sq. Feet.
- Store format – 200 sq. Feet to 300 sq. Feet.
- Cart – At airports.
They have 25 kiosks, 4 stores and the remaining is a cart. They have 45+ flavours. The average price of one scoop of ice cream is 79 rupees + GST. They have a team of 240. The equity split is equal for both of them. They are bootstrapped. They have their own manufacturing plant in Delhi. They have partnered with Air India Cargo. In 72 hours the stocks arrive in all outlets from the Delhi plant. From 2021 they have started only company-owned stores.
Ask by the Owner Twisting Scoops
The owner asked for 1 cr. for 2.5% equity.
Twisting Scoops Sales And Revenue
CapEx for a cart is 12-14 lakhs rupees. Monthly sales are 14 to 16 lakhs rupees from each store. Among 15 lakhs rupees, the rent is 10%, and 30% is COGS and logistics. Other expenses 20% and gross profit is 40%. Monthly sales are 2.5-2.75 crore rupees. The monthly profit is 40-50 lakhs rupees on average. In FY 21-22, the sales were around 5 crore rupees.
Twisting Shark Tank
Offers and counter offers
Peyush and Aman together offer 50 lakhs for 10% equity and 50 lakhs debt at 12% interest.
Twisting Scoops Final deal
The pitcher refused the offer and no deal was finalized.