Shark Tank Va Perfumes
In this episode of Shark Tank India Va Perfumes, a night incense stick brand presents the pitch. Will the founder get a deal from the sharks? To know about the deal read till end.
|Company name||Va Perfumes|
|Ask||₹1 crore for 10% equity|
Va Perfumes Founder
Amit Hotchandani is the founder of the company. He used to run a rice company for the last 15 years and the products of the companies used to be exported. He got to know about the ingredients of perfumes used in Africa. Then he brought some perfume from Indonesia. As there was no such concept in India and that time he adopted the idea and worked on it.
About the company Va Perfumes
After working when people return home they experience that same routine smell in their house. The solution is Va perfume. Good smell always makes a person happy. They have released a new product which is night agarbatti. The room smells amazing. They have different types of varieties of agarbatti such as romance, classic love, extreme fun and others. Except for night agarbatti they also make devotional agarbatti. Their products are sold by cosmetic stores, medical stores, and malls. The market size of scented sticks is around more than 10000 crores. The owner invested 65 to 75 blacks in the business.
Ask by the Owner Va Perfumes
The owners made an ask of 1 crore for 10% equity of the company at the valuation of 10 crores.
Va Perfumes Sales And Revenue
The lifetime sale is 70 lacs. The monthly sales is approximately 10 lacs. Gross margin is 56%. Net margin is 36%. Gross margin in devotional agarbatti is 40% whereas in night agarbatti it is 75%. 70% of a total sales comes from devotional agarbatti 30% sales comes from night agarbatti.
Offers and counter offers
All the sharks stepped out of the deal
Va Perfumes Final deal
No deal was finalized.