Winston Shark Tank India Season 2 Episode 5

winston shark tank india

Winston Shark Tank India Season 2

Company Name Winston
Founders Himanshu Adlakha and Nikita Adlakha
Ask 1 crore for 4% equity

Founders of Winston

Himanshu Adlakha and Nikita Adlakha are the founders. They are from Faridabad.

About the company Winston

Winston manufactures beauty appliances that can be used at home and gives the salon feeling. They have a 3S strategy that is smart, sturdy, and super easy. Currently, they have 8 SKUs. They are face trimmers, eyebrow trimmers, blackhead removers, LED face masks and they sell their products on their own website and e-commerce platforms such as Flipkart, Amazon, and nayika this is a one-time investment for customers that can be used for years after years. This is a new-age technology product that keeps you away from the mess of the salon. Products are made in China. There is a LED therapy mask that emits a blue color that settles skin irritation, the orange light detoxifies and brightens the skin, and the red light is for anti-aging and collagen production the product can be used individually or also when any serum or mask is applied on the face. The products work on USB charging, it is travel friendly and one years replacement warranty at doorstep service. They currently have two vendors for the supply of products.

Ask By the Pitchers of Winston

The founders made an ask of 1 crore for 4% equity at the valuation of 25 crores.

Shark Tank India Season 2 Flatheads Founder

Past Investment sales of company Winston

The price of a face cleanser is 2090 and 2990 the cost of a face and eye trimmer is 2490. The annual sales in FY 21 to 22 is 1.2 crores and in FY 22- 23, year to date is 1.5 crores and the projected sales in FY 22 to 23 is 6 crores. The face trimmer holds for 23 percent of the business and the eyebrow trimmer holds for 23% of the business. In the month of August, they had MRP sales of 46 lakhs. On July 22 they had sales of 42 lahks. The product cost was 30%, 30% is spent on discounts 15% is spent on marketing, and 5% is spent on salary and expenses from the leftover 20% GST. The net profit was 3.44 lakhs.

Offers and Counter Offer

Veenita and Anupam gave an offer of 1 crore 14% equity of the company at the valuation of 10 crores. And others stepped out of the deal.

Final deal of Winston in Shark Tank

The final deal was closed with Veenita Anupam at 1 crore for 10% equity at the valuation of 10 crores.

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