Shark Tank Waggy Zone
In this episode of Shark Tank India Waggy Zone, a vegan pet ice cream-producing company presents the pitch. Will the founder get a deal from the sharks? To know about the deal read till the end.
|Company name||Waggy Zone|
|Founders||Darshan Kaur Khalsa|
|Ask||₹50 lakhs for 5% equity|
Waggy Zone Founder
Darshan Kaur Khalsa is the founder of the company. She comes from Bombay and her father has an ice cream factory.
About the company Waggy Zone
Who doesn’t love ice creams? Dogs are not allowed with milk, sugar and essence. When ice creams are made for humans theb why dogs cannot enjoy them? The company manufactures ice cream premix powders for dogs. Parents need to add just water, mix and freeze it to get the ice cream ready for the dogs. This will make ready fresh ice cream for the dogs. Is powder is made from coconut milk powder and fruit powder. The products are quite healthy and safe for dogs. Their products are available on their own website in marketplaces such as Amazon and at pet stores. The product is already available in 196 stores. They have served more than 20000 dog to date. Their vision is to give this ice cream to every dogs in the world.
Ask by the Owner of Waggy Zone
The owner asks for 50 lacs at 5% equity of the company at the valuation of 10 crores.
Waggy Zone Sales And Revenue
The price of one ice cream tub is ₹199. The cell has 3500 products per month. FY 21 to 22 sales is 24 lakhs. FY 20 to 21 sales is 7.5 lakhs. The projected sales in FY 22 to 23 is 40 lacs. Last month’s sales is 1.25 lakhs. Out of total sales, 50% comes from online mode and 50% comes from offline mode. The gross margin through retail stores is 60% and through online it is 80%. The blended gross margin is 65%.
London Bubble Shark Tank
Offers and counter offers
All the sharks stepped out of the deal.
Waggy Zone Final deal
No final deal was closed.