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  • 11 Jan 2023

  • 11 Jan 2023

Shark Tank India Season 2: Episodes 3 & 4

Shark Tank India is the Indian version of Shark Tank. It is the Indian franchise of the American show Shark Tank. The show grabbed the attention of many entrepreneurs and became very famous in a very few days in India. The entrepreneurs from different regions approach Shark Tank India with exceptional business ideas, with the hope to get investment at the platform, which helps to grow their business.

This blog will show the investments given to the founders and companies that came with exceptional business ideas. It shows the enthusiasm associated with the founders of Stage who spread positive vibes on the platform and inspired many other entrepreneurs. The Girgit Store showed the different colors and amazed the sharks. The Gear Head Motors came made the sharks laugh initially and surprised them with their innovations. The PatilKaki served the judges with homemade tasty food and made the judges feel proud by conveying the success story of their business. The Brandsdaddy AFE came with a grand entry and shocked the judges with exceptional innovation.


Stage, company, OTT platform, Shark Tank India, season 2

Founders: Parveen Singhal, Vinay Singhal, Shashank Vaishnav.


Founders Conveyed

If the sharks would come to the home of the founders, then their father would not feel comfortable, because for 54 years his mind is filled with some misunderstandings that the literate people talks in English and Hindi. Same as that 100 crore people in our country speak in their own dialect, and they are been degraded due to their way of speaking. But dialects are our identification. They have brought Stage to give recognition to the languages. The first OTT platform of languages of our country, where people can find movies, web series, and many other things in the country in different languages. Our country is associated with more than 19,000+ dialects.

Then why are movies and web series made in only a few languages? Dialects have no literature of their own, and movies are not made with this. Dialects do not even have a TV channel or radio channel, and the OTT platform for dialects is far. They have started with the Haryani dialect content. The biggest achievement of Stage is that due to this more than 1000+ Haryani artists have got employment, and with the help of these artists they have made 300+ hours of original content library in Haryanvi & Rajasthani. We also got good responses from the people when we were ready with good content. Today, there are more than 1.3 lakhs+ paid subscribers, who give Rs. 400/year as a subscription fee. They started making Rajasthani content three months ago and identified 20 dialects that they are going to launch in the upcoming 5 years. The stage is a like Netflix of dialects. Their one web series is 6-8 episodes, and there are 25-30 minutes per episode, which is made under Rs. 20 Lakhs. The expense of a movie is also around Rs. 18-20 Lakhs. The main problem in this business is the cost of content. The cheapest content also carries a budget of Rs. 2-3 Crores, and the average Hindi content costs Rs. 8-10 Crores for one web series. Their business model goes with the subscription which is called a recharge by their users. It has Rs. 400 recharge that goes for 1 year. It is not based on the freemium model.

They currently have 1 lakh 30 thousand paid subscribers and 94% week 4 retention. In the first round, they raised Rs. 10 Crores which was on Rs. 65 Crores pre-money valuation. In the second round, they raised Rs. 20 Crores in 2021 with Rs. 80 Crores pre-money valuation. The third round has raised Rs. 36 Crores with Rs. 250 Crores pre-money valuation. The year 2021-21 has brought Rs. 3.85 Crores revenue, and currently, they are earning around Rs. 25 Lakhs revenue. Their customer acquisition cost is Rs. 270, and around 10% of people are coming organic. Their monthly burn is Rs. 1.1 Crores, from which Rs. 60 Lakhs is spent on content and Rs. 30 Lakhs is spent on the team, and Rs. 10-20 Lakhs is spent on miscellaneous events or other marketing activity.

Offer by Founders:

Rs. 3 Crores for 1% Equity for Rs. 300 Crores valuation.

Offer by Sharks:

Aman Gupta, Namita Thapar, and Peyush Bansal:

Rs. 1.5 Crores for 0.6% Equity, and Rs. 1.5% Debt at 18% Interest for Rs. 250 Crores valuation.

Accepted Offer:

Aman Gupta, Namita Thapar, and Peyush Bansal

Girgit Store

Girgit Store, company, Shark Tank India, season 2

Founder: Binoy Shah & Pooja Bajaj Shah.


Founders Conveyed

Girgit and its color-changing clothing products all started from an idea during the pandemic about making a little sunshine go a long way. Company founder, Pooja Bajaj Shah began searching for a way to bottle her idea in a form that everyone could enjoy whenever they stepped outside in the Sun or took a dip in the ocean. She chased her idea sunrise after sunset and, in 3 months, she formed the company - Girgit Store. They are the first color-changing product store in India.

They make products for kids and adults. In the journey of 1 year, they have sold around 3000 products and have 1800 happy customers. Their products are temperature sensitive, and they change their colors in lukewarm water and Sunlight. The UV of the Sun is enough to change the color. The products get activated when they come in contact with the elements of nature like the sunlight, air, or water. The price of children shoes is Rs. 2000 and Rs. 3000 for adults. They had sales of Rs. 58 Lakhs in 1 year. Their gross margin is 79% and 65% of sales are from WhatsApp and 25% from the exhibition. They spent Rs. 30,000 on Instagram ads.

Offer by Founders:

Rs. 20 Lakhs for 10% Equity for Rs. 2 Crores valuation.

Offer by Sharks:

Namita Thapar:

Rs. 20 Lakhs for 20% Equity for Rs. 1 Crore valuation.

Counter Offer - Binoy Shah & Pooja Bajaj Shah

Rs. 20 Lakhs for 15% Equity for Rs. 1.33 Crores.

Accepted Offer:

Namita Thapar.

Gear Head Motors

Gear Head Motors, company, Shark Tank India, season 2

Founders: V Sai Meher Krishna & Gunda Nikhil.


Founders Conveyed

Gear Head Motors is a pioneer of safe and reliable electric vehicles which are efficient, effective, eco-friendly, and affordable for all people and can be applied to every sector possible. Along with the petrol prices pollution is increasing rapidly. That is why they have brought Gear Head Motors, which makes electric bicycles and tricycles for just Rs. 24,000. It can go 60 km per hour on one charge, and that is why it is the best thing for short-distance travel. As there are smartphones and earphones of Boat in every house, the same way their vision is to move the electric cycles to every house.

They have sold 1500 EV tricycles to the government in 2021-22. They earned Rs. 3 Crores revenue last financial year, and for this financial year, their projection is Rs. 20 Crores. There are 4 models - basic model L which is for Rs. 24,000, I is for Rs. 28,000, F is for Rs. 34,000, and E is for Rs. 38,000, all these as a whole indicates Life. It has a detachable battery that comes with an aluminum casing that cools the battery every time and does not get burned. The small battery gets charged in 2 hours, and the bigger one gets charged in 3 hours. The market size of these bicycles in India is Rs. 30 Billion Dollars, and globally it is Rs. 60 Billion Dollars.

Offer by Founders:

1) Rs. 75 Lakhs for 2% Equity, for the valuation of Rs. 37.5 Crores.

Counter Offer

2) Rs. 1 Crore for 3% Equity of the merged entity for the valuation of Rs. 33.33 Crores.

Offer by Sharks:

Peyush Bansal & Aman Gupta:

Rs. 1 Crore for 7.5% Equity for the valuation of Rs. 13.33 Crores.

Accepted Offer:

Peyush Bansal & Aman Gupta.


PatilKaki, company, Shark Tank India, season 2

Founders: Vinit Govinda Patil, Geeta Govinda Patil, Darshan Anil Savla.


Founders Conveyed

The founder was interested in preparing food and serving it to everyone, which is why everyone call her with the name kaki. She started a small business of snacks from her home only with Rs. 5,000. In 2020, she thought to grow her business, so she asked her son to make a website for her business, and that was the beginning of her business - PatilKaki. This brand caters home style snack brands, such as - Chakali, Chiwada, Modak, Puranpoli, and some types of Ladoos that make us remind of our home.

Currently, there are two kinds of snacks available in the market - local and branded. The local sellers use low-quality raw materials and do not pay attention to hygiene, and the branded products contain many kinds of preservatives and additives which are disliked by the people. So to offer a solution to such kind of problem, PatilKaki has come up with homestyle hygienic snacks, and they sell products on the website. They have reached out to 18,000 customers, and their vision is to take homestyle snacks across the whole country.

Their products are associated with good taste and they want to take the company to the national level. The Modaks and Puranpolis are cloud kitchen products, and the other products in their portfolios are scalable. They had also raised funds of Rs. 7.5 Lakhs for a valuation of Rs. 10 Crores. They have also raised Rs. 29 Lakhs for Rs. 10 Crores valuation. Their Average Selling Price (ASP) is Rs. 650. Their making cost is 25% and 5% goes for packaging, 15% in delivery, and 55% is gross margins with 30% marketing, and 25% is the remaining margin. They earned Rs. 1.4 Crores revenue in the financial year 2021-22. They have projection sales of Rs. 3 crores for the financial year 2022-23. They had a net loss of Rs. 1.08 Lakhs in June 2022, and Rs. 2 Lakhs in July 2022, and they had a profit of Rs. 6.5 Lakhs in August 2022.

Offer by Founders:

Rs. 40 Lakhs for 2.5% Equity for a valuation of Rs. 16 Crores.

Offers by Sharks:

Anupam Mittal & Peyush Bansal:

Rs. 40 Lakhs for 4% Equity for Rs. 10 Crores valuation.

Vineeta Singh:

Rs. 40 Lakhs for 10% Equity for Rs. 4 Crores valuation.

Aman Gupta:

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

Counter Offer - Aman Gupta:

Rs. 40 Lakhs for 4% Equity for Rs. 10 Crores valuation.

Accepted Offer:

Anupam Mittal & Peyush Bansal.

Brandsdaddy AFE

Brandsdaddy AFE, company, Shark Tank India, season 2

Founders: Roshaan Vivekanand Mishra & Annkita Roshaan Mishra.


Founders Conveyed:

When there gets a fire, that time 90% of people do not have knowledge of using a Fire extinguisher, and they need to wait for the fire brigade, and till that the small fire can go big. Sometimes this takes us our loved ones and our dreams as well. Today, there is a 66% shortage of fire stations in our country, a 78% shortage of fire equipment, and a 90% shortage of firefighters. To solve this problem, they are introducing Brandsdaddy AFE. An auto fire extinguisher ball can be used by children and any age group people without any training.

It is a portable device that has a shelf life of 5 years with no maintenance cost. It is a 100% indigenous product. It is supplied to the government, schools, hospitals, fire brigades, corporate, and many more. Their mission is to extinguish the fire before the first responder and prevent the small fire to create a big accident. Their monthly sales are Rs. 12 Lakhs to Rs. 12.5 Lakhs. They earned Rs. 51 Lakhs in the financial year 2020-21, and Rs. 1.45 Crores in the financial year 2021-22. They are a B2B company and its growth is 184.3%. Their gross margin is 60% and their net margin is 10%. The average selling price of one ball in B2B sales is Rs. 1000 to Rs. 1500, and its MRP is Rs. 5000.

Offer by Founders:

Rs. 75 Lakhs for 5% Equity for Rs. 14 Crores valuation.

Offer by Sharks:

Namita Thapar:

Rs. 35 Lakhs for 5% Equity and Rs. 35 Lakhs Debt at 12% Interest for Rs. 7 Crores valuation.

Counter Offer - Roshaan Vivekanand Mishra & Annkita Roshaan Mishra:

Rs. 50 Lakhs for 5% Equity & Rs. 20 Lakh Debt at 12% Interest for Rs. 10 Crores valuation.

Accepted Offer:

Namita Thapar

[The images are being taken from the registered companies and belong to their respective owners only.]