Notifications

Get a Free Consultation

Ready to start your brand journey?

Begin with a free consultation.


Full Name

Enter full name

Contact Number

Enter contact number

Enter valid contact number

Email Address

Enter email address

Enter valid email address

Thank you for your request. We will get back to you within 24 working hours

Book Now!
  • 24 Jan 2023

/img/blog/658801.jpg
  • 24 Jan 2023


Shark Tank India Season 2: Episodes 13 & 14


Shark Tank India is the Indian version of Shark Tank. It is the Indian franchise of the American show Shark Tank. This blog shows the episodes 13 and 14 in which the sharks gave investment to the companies - Inside FPV, Angrakhaa, Kyari, and MOPP Foods.

The first company - Inside FPV which is the first consumer-based leading drone company in India that makes Plug & Fly First Person View Drones, who aimed to make the drones pocket friendly in India through Inside FPV. It also shows the funding given to Angrakhaa which explained the concept of fat tax and came up with a vision to make Angrakhaa a global brand in the size-inclusive category. The founders of Kyari showed their adventure by bringing a safety tool which will protect the people from animals, and make the adventure safe. The founders of MOPP Foods showed their eagerness and passion to make the Pakoras and Parathas remains crispy even after delivery.

Inside FPV

Inside FPV, company, Shark Tank India, season 2

Founders: Arth Chaudhary, Oshi Kumari, Deyvant Bhardwaj.

Website: www.insidefpv.com

Founders Conveyed:

The founders conveyed that they used to see Drones in their colleges, and thus thought to make it. Through research, they got to know that these drones are not found in India, and one can get them from foreign. The people in India bring drones in an unauthorized way. Currently, the Indian government has banned flying these drones in India, because all of those were foreign drones. So now what the cinematographers, YouTubers students, and commercial shooters would do? So that is why they have brought Inside FPV.

It is the first consumer-based leading drone company in India that makes Plug & Fly First Person View Drones, which means plugging in the battery of the drone and then flying it, and sees the other technical aspects. They aim to make the drones pocket friendly in India through the Inside FPV. The starting price of drones on their website is Rs. 2,800, which is unavailable in other parts of India. They provide one drone crash warranty and free consultation by experienced pilot services to their clients. Their vision is to make Inside FPV a global brand. Their revenue for FY 2021-22 was Rs. 85 Lakhs, and for FY 2022-23 till date is Rs. 44 Lakhs. The projection sales for FY 2022-23 is Rs. 4 Crores. The 40% sales split goes for Plug & Fly FPV Drones, and 60% goes for spare parts. The selling price of the drone is Rs. 2700, the cost price is Rs. 1711, and the gross profit is Rs. 989. They have raised funding of Rs. 25 Lakhs, for Rs. 12.5 Cr valuation.

Offer from Founders:

Rs. 75 Lakhs for 4% Equity, for Rs. 18.75 Crores valuation.

Offer from Sharks:

Aman Gupta & Peyush Bansal:

Rs. 50 Lakhs for 20% Equity, and Rs. 25 Lakhs Debt, for Rs. 2.5 Crores valuation.

Namita Thapar & Amit Jain:

Rs. 75 Lakhs for 15% Equity, for Rs. 5 Crores valuation.

Counter Offer - Arth Chaudhary, Oshi Kumari, Deyvant Bhardwaj.

Rs. 75 Lakhs for 5% Equity, for Rs. 15 Crores valuation.

Aman Gupta & Peyush Bansal:

Rs. 75 Lakhs for 15% Equity, for Rs. 5 Crores valuation.

Namita Thapar & Amit Jain:

Rs. 75 Lakhs for 12% Equity, for Rs. 6.25 Crores valuation.

Aman Gupta, Peyush Bansal, Namita Thapar & Amit Jain:

Rs. 75 Lakhs for 15% Equity, for Rs. 5 Crores valuation.

Accepted Offer:

Aman Gupta, Peyush Bansal, Namita Thapar & Amit Jain.

Angrakhaa

Angrakhaa, company, Shark Tank India, Season 2

Founders: Asana Riamei & Vishakha Bhaskar.

Website: www.angrakhaa.com

Founders Conveyed:

There are too many taxes these days, such as property tax, wealth tax, income tax, and fat tax as well. For example, if you go shopping and you liked a garment whose price is Rs. 1000, and if you need it in sizes above XL and 2XL, so there are many chances of paying extra money for that garment. This is called a fat tax. There was a need for a brand that will honor the individuality of the people, and hence Angrakhaa was born. It is a size-inclusive clothing brand, which makes extremely fashionable, cool, trendy clothes for all sizes, and also across various categories like dresses, skirts, Indian wear, and others. Their specialization is customization.

The prices of all the sizes are almost the same, without any discrimination. They have provided services to 10,000+ customers. They have 55,000+ followers on social media. They want to make Angrakhaa a global brand in the size-inclusive category. Their annual sales for FY 2019-20 were Rs. 14 Lakhs, and Rs. 7 Lakhs for FY 2020-21, and in FY 2021-2022, they earned Rs. 1.16 Cr. They earned Rs. 13 Lakhs in May 2022, Rs. 15 Lakhs in June 2022, and Rs. 24 Lakhs in July 2022, and for this they spent Rs. 2.9 Lakhs in marketing. The MRP is Rs. 2900 COGS (Cost of Goods Sold) is Rs. 900 with a 12% GST i.e. Rs. 350. Rs. 100 goes for logistics, and Rs. 300 goes for marketing in which the remaining margin is Rs. 1250. The net margins in FY 2021-22 were 20% and for FY 2022-23 to date, they have crossed 35%. They have 27% repeating customers.

Offer from Founders:

Rs. 40 Lakhs for 5% Equity, for Rs. 8 Crores valuation.

Offer from Sharks:

Amit Jain:

Rs. 40 Lakhs for 20% Equity, for Rs. 2 Crores valuation.

Counter Offer - Asana Riamei & Vishakha Bhaskar.

Rs. 40 Lakhs for 15% Equity, for Rs. 2.67 Crores valuation.

Accepted Offer:

Amit Jain.

Kyari

Kyari, company, Shark Tank India, Season 2

Founders: Smratika Sharma & Abhay Sharma.

Website: www.kyari.in

Founders Conveyed:

They asked the sharks if they went for hiking or camping, and what if any animal comes there. Maximum people only have a stick. Can it protect you? It is not only imagination but a reality of enthusiast adventurers. Whenever we do camping or hiking, that time we all get surrounded by all wild animals. So to solve our safety problem, they have brought the worlds first smart stick - Guardian. They make adventure safety gadgets. This product is used by almost 2,000 forest guards, and it has saved many lives. This product is proudly designed and made in India. Their vision is that all wildlife protectors globally or adventure enthusiast must use their products and feel safe. The product is associated with exceptional features, and it has lights with multiple modes, a loud alarm system, a taser with 10,000V & 1mA, and a power bank for charging the mobile phone as well. It is associated with another crucial feature, which is a stand for keeping the stick which can be converted into an axe or shovel and gets fit into a pouch.

They also provide a wall mount to attach the stick to the wall at the home. Its market is Rs. 1000 Cr market, and the global market is Rs. 110,000 Cr market only for the campaign. They earned Rs. 8 Lakhs in FY 2018-19, Rs. 30 Lakhs in FY 2019-20, and Rs. 1.2 Cr in FY 2020-21, Rs. 1.4 Cr in FY 2021-22, and Rs. 75 Lakhs in FY 2022-23 to date. In July 2022, their sales were Rs. 10 Lakhs, and Rs. 17 Lakhs in August 2022. The price range of the product is starting from Rs. 10,000 and goes upto Rs. 17,500. The cost price of their product is between Rs. 2,000 to Rs. 3,500, and its price ranges from Rs. 10,000 and goes upto Rs. 17,500. Their profit margin is 30% since 3 years, and their current monthly profit is Rs. 5.1 Lakhs. They are following Lean manufacturing.

Offer from Founders:

Rs. 51 Lakhs for 1% Equity, for Rs. 51 Crores valuation.

Offer from Sharks:

Namita Thapar & Amit Jain:

Rs. 51 Lakhs for 10% Equity, for Rs. 5.1 Crores valuation.

Peyush Bansal, Anupam Mittal, & Aman Gupta:

Rs. 51 Lakhs for 12% Equity, for Rs. 4.25 Crores valuation.

Counter Offer - Smratika Sharma & Abhay Sharma.

Rs. 51 Lakhs for 2% Equity, for Rs. 25.5 Crores valuation.

Namita Thapar & Amit Jain:

Rs. 51 Lakhs for 8% Equity, for Rs. 6.38 Crores valuation.

Peyush Bansal, Anupam Mittal:

Rs. 51 Lakhs for 10% Equity, for Rs. 5.1 Crores valuation.

Peyush Bansal:

Rs. 51 Lakhs for 5% Equity, for Rs. 10.2 Crores valuation.

Peyush Bansal, Anupam Mittal:

1) Rs. 1 Crores for 10% Equity, for Rs. 10 Crores valuation.

2) Rs. 80 Lakhs for 8% Equity, for Rs. 10 Crores valuation.

Namita Thapar & Amit Jain:

Rs. 51 Lakhs for 6% Equity, for Rs. 8.5 Crores valuation.

Counter Offer - Smratika Sharma & Abhay Sharma.

Rs. 50 Lakhs for 5% Equity, for Rs. 10.2 Crores valuation.

Peyush Bansal, Anupam Mittal:

Rs. 51 Lakhs for 6% Equity, for Rs. 8.5 Crores valuation.

Namita Thapar & Amit Jain:

Rs. 51 Lakhs for 6% Equity, for Rs. 8.5 Crores valuation.

Counter Offer - Smratika Sharma & Abhay Sharma.

Rs. 60 Lakhs for 6% Equity, for Rs. 10 Crores valuation.

Accepted Offer:

Peyush Bansal, Anupam Mittal.

MOPP Foods

MOPP Foods, company, Shark Tank India, Season 2

Founders: Gaurav Gupta & Geetika Anand Gupta.

Website: www.moppfoods.com

Founders Conveyed:

They asked who does not like to have Pakoras in the rainy season. But some people do not have time and some cannot make tasty Pakoras. That time the people are left with only one option - delivering Pakoras at home, but till the Pakoras come home they become soggy and bad. They asked the sharks that - have you ever eaten the Pakoras that are not soggy or oily and remain crispy after delivery? The same problem goes with the Parathas as well. There is no brand of Pakoras and Parathas in India.

MOPP is the first Parathas and Pakoras brand in India. Their Parathas and Pakoras are neither soggy nor oily and remain crispy after delivery. They work in a cloud kitchen format. They have a Mealy brand for daily meals and a Mad Over Curry brand for authentic North Indian curries. They have delivered around 3.5 Lakhs+ orders till now. The price of Aloo Paratha is Rs. 149 with Rs. 20 for packaging, and the total price is Rs. 169. Both the founders have equity of 61% and ESOP (employee stock ownership plan) has 9.3%, angel investors have 20%, advisors have 6.5% and India accelerator has 3.2%.

Their average MoM (Month on Month) growth is 20% and they deliver 25,000+ orders. Their vision is to come up with 100 kitchens in the next 3 years. They have 15% EBITDA at the kitchen level. Their corporate cost is about Rs. 7 Lakhs, and Rs. 3 Lakhs is their monthly burn. Around 35% goes for food & packaging, 25% goes for Zomato & Swiggy, and 40% is their gross margin. The HR cost is at 12% and the rental and maintenance cost is 3%, the fuel and electricity take 7% and 3% goes for miscellaneous. The revenue projection for 4 kitchens is about Rs. 8.5 Cr. So the revenue projection is Rs. 100 Cr.

Offer from Founders:

Rs. 75 Lakhs for 2.25% Equity, for Rs. 33.33 Crores valuation.

Offer from Sharks:

Amit Jain:

Rs. 50 Lakhs for 5% Equity, with Rs. 25 Lakhs Debt, for a valuation of Rs. 10 Crores.

Counter Offer - Gaurav Gupta & Geetika Anand Gupta.

Rs. 75 Lakhs for 5% Equity, for Rs. 15 Crores valuation.

Accepted Offer:

Counter Offer - Gaurav & Geetika.