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  • 20 Jan 2023

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  • 20 Jan 2023


Shark Tank India Season 2: Episodes 11 & 12


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 ABC Fitness Firm which came up with an enthusiasm to increase the importance of sports in the life of children. The Primebook brought an initiative to provide productive learning to students in a multi-window framework. Later, came the Gharsoaps, which is a unique skincare brand that has a unique fusion of Ayurveda and Science. Janitri came up with a vision that no mother or child gets death during labor, pre, and post-delivery, and not even get future complications.

ABC Fitness Firm

ABC Fitness Firm, company, Shark Tank India, Season 2

Founders: Anirudh Anil Pole & Pole Roshan Bhaskar

Founders Conveyed:

The founders conveyed to take the sharks to their childhood. The childhood of everyone was standing on three pillars - going to school in the morning, then going to tuition classes in the evening, and then playing with friends. Whenever there is a competition between studies and sports in our society, studies win often. The school offers two lectures on Physical Education and expects to win many Olympic medals. Sports teaches us those life skills which are neither taught in schools nor mentioned in books. To increase the importance of sports in the life of children, they have brought ABC Fitness Firm.

ABC Fitness Firm runs a program that makes the playtime of children organized, systematic, and competitive. They do not call children, but rather approach them and conduct training in housing societies and schools. They give quality sports education to 16 years old children since two years. They have 85 certified coaches, who have represented state and national levels. They teach the children the sports, such as - Basketball, Badminton, Tennis, and Gymnastics.

Their students have reached the district level, state level, national & international levels as well. Their 5% - 10% of students make it to state and national championships. Their 2500 students are in Pune. Their average fee is Rs. 1000 per student, and monthly revenue is Rs. 25 Lakhs. They earned Rs. 1.5 Lakhs - Rs. 2 Lakhs in the first Pro League. Their plan is to make ABC heads for every center, and B.P.Ed college and acquire talent from those places, and send them to different offices in different cities, and want to make a team for society acquisitions. The revenue projection for FY 2022-23 is Rs. 4.5 Crores and profit is 40%. Their 45% shares of the revenue go to the coaches, 5% goes to the maintenance charges, tournament expenses, and miscellaneous each, and the profit before tax is 40%.

Offer from Founders:

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

Offer from Sharks:

Peyush Bansal:

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

Counter Offer - Anirudh Anil Pole & Pole Roshan Bhaskar.

Rs. 40 Lakhs for 6% Equity, for Rs. 6.67 Crores valuation.

Accepted Offer:

Peyush Bansal.

Primebook

Primebook, company, Shark Tank India, Season 2

Founders: Aman Varma, Pankaj Rawat, Umang Leekha, and Chitranshu Mahant.

Founders Conveyed:

Everyone sees bigger dreams but does not get a way to fulfill them. Education and skill development is the only source by which a child of an ordinary family can change their family. Today, with the help of a computer, a child can acquire the highest education without any geographical boundaries, and can also reduce their education cost by 85%. The education policy of our country has recognized and accepted digital literacy. The matter of digital learning, online education, and digital India, but in our country still 1 in 10 kids have access to Laptops in India, which means that around 23 Crores students in India have not used Laptops yet. The first reason behind it is the high cost of Laptops in the market, and the second reason is that we cannot use Android apps on Windows laptops though all the studies go on Android apps. To resolve this issue, they have made Primebook, which is a new Android Laptop that is productive and digitally safe. It is affordable like Android cells. The special feature of Primebook is the operating system - Prime OS, which is made in India. This operating system has 30+ Lakh downloads across 140 countries. Primebook is a vision to make the computer accessible to 23 Crores Indian students.

They have a team of 14 members with 5 developers. The USP of Primebook is Android App Ecosystem. All the apps used by the students are available on Android. The second one is the Price to Performance Ratio. The android is designed in such a way that it runs in a seamless manner on 10K hardware. Its price is Rs. 15,000. It is the worlds first 4G enabled Android Laptop. It has an 11.6 inch HD screen, 12 hours battery life, 4 GB RAM, 64 GB internal storage expandable upto 200 GB, all the necessary ports, and 4G sim connectivity. It opens all the apps for the productive learning of students in a multi-window framework. It consists of its own app store which gives access to 10,000+ student-friendly applications. Now students can use educational, creative, and entertaining apps seamlessly on it. It is associated with another crucial feature which is MDM (Mobile Device Management), which can manage and monitize all the Primebooks. It can manage all the apps. They have a 35% gross margin. They are serving across 21,000+ PIN codes through 350+ service stations. They have two major partners, and the third party is outsourced. They raised Rs. 1 Cr in 2018, for a valuation of Rs. 6 Cr. They again raised Rs. 1 Cr in 2019 for Rs. 14 Cr valuation. In 2021, they raised Rs. 1.5 Cr for Rs. 25 Cr valuation.

Offer from Founders:

Rs. 75 Lakhs for 1.5% Equity, for Rs. 50 Crores valuation.

Offer from Sharks:

Aman Gupta:

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

Vineeta Singh:

Rs. 75 Lakhs for 3% Equity, for Rs. 25 Crores valuation.

Peyush Bansal:

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

Anupam Mittal:

Rs. 75 Lakhs for 3% Equity, for Rs. 25 Crores valuation.

Counter Offer - Aman Varma, Pankaj Rawat, Umang Leekha, and Chitranshu Mahant.

Rs. 75 Lakhs for 2.5% Equity, for Rs. 30 Crores valuation.

Peyush Bansal:

1) Rs. 75 Lakhs for 3% Equity, for Rs. 25 Crores valuation.

2) Rs. 75 Lakhs for 2.5% Equity, for Rs. 30 Crores valuation.

Aman Gupta:

Rs. 75 Lakhs for 2.5% Equity, for Rs. 30 Crores valuation.

Aman Gupta & Peyush Bansal:

Rs. 75 Lakhs for 3% Equity, for Rs. 25 Crores valuation.

Accepted Offer:

Aman Gupta & Peyush Bansal.

Daily Dump

Daily Dump, company, Shark Tank India, Season 2

Founders: Poonam Bir Kasturi & Arjun Dev.

Founders Conveyed:

The founder conveyed that treasure lies in the kitchen, which is called garbage. The 60% wet garbage makes the soil fertile after becoming fertilizer, then why it is sent to landfills everyday? They have started Daily Dump as its solution. Daily Dump is an award-winning that designs and develops composters. They have launched a patented product - Terrabite. They have made the first composter in India. They have started the business in 2006 when nobody wanted it. They have started a new category and built a demand. Today, more than 80K families are making fertilizers from their composters.

They wish that the composter should be there in every house like TV, Refrigerators, and Washing machines. The community composters are used by the housing societies and are sold via the offline channel. Home composters are used by individual houses, and are sold via online channels. Their annual sales for FY 2019-20 were Rs. 4.3 Cr, and for 2021-22 was Rs. 3.75 Cr. The price of Terrabite is Rs. 20,000, Khamba is Rs. 3,500, the price of magic powder is Rs. 200 - Rs. 500 per month, and the gross margin is 45%. The sales split shows that 30% goes to the community and home compositors, 50% goes to Terrabites, 15% goes to remix powder, and 5% goes for miscellaneous products.

Offer from Founders:

Rs. 80 Lakhs for 4% Equity, for Rs. 20 Crores valuation.

Offer from Sharks:

Namita Thapar:

Rs. 30 Lakhs for 5% Equity, and Rs. 50 Lakhs Debt at 10% Interest, for Rs. 6 Crores valuation.

Counter Offer - Poonam Bir Kasturi & Arjun Dev.

1) Rs. 50 Lakhs for 5% Equity, and Rs. 30 Lakhs Debt at 10% Interest, for Rs. 10 Crores valuation.

2) Rs. 30 Lakhs for 3% Equity, and Rs. 50 Lakhs Debt at 10% Interest, for Rs. 10 Crores valuation.

Namita Thapar:

Rs. 30 Lakhs for 4% Equity, and Rs. 50 Lakhs Debt at 10% Interest, for Rs. 7.5 Crores valuation.

Accepted Offer:

Namita Thapar.

Gharsoaps

Gharsoaps, company, Shark Tank India, Season 2

Founders: Sayyam Jain & Sunny Jain.

Founders Conveyed:

The founders conveyed that their granny used to ask him to put on the Multani soil on the face to remove the tan from the face, and also used to ask to put on oil on hair when the hair gets damaged. They also conveyed that doctors recommend using sunscreen before going out of the house. They have associated the prescriptions of granny with the doctor and made Gharsoaps.

Gharsoaps is a unique skincare brand that has a unique fusion of Ayurveda and Science. It is associated with skin care, body care, and hair care products which can be availed at their website and other online platforms. Their vision is to take the fusion of Ayurveda and Modern Science to the world. The projection sales for August 2022 were Rs. 1 Cr per month.

The projection sales for FY 2022-23 Q1 sales were Rs. 1.5 Cr with Rs. 15 Lakhs profit, and Rs. 25 Lakhs marketing, where 70% goes for performance marketing, and 30% for influencer marketing. They get 70% of sales from their website, and 30% from the marketplaces. They are willing to bring technology in their work by bringing a face recognition app that will detect the skin and the acne on the face.

Offer from Founders:

Rs. 60 Lakhs for 2% Equity, for Rs. 30 Crores valuation.

Offer from Sharks:

Peyush Bansal & Anupam Mittal:

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

Aman Gupta:

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

Counter Offer - Sayyam Jain & Sunny Jain.

Rs. 1 Crore for 5% Equity, for Rs. 50 Crores valuation.

Aman Gupta:

Rs. 60 Lakhs at 4% Equity, for Rs. 15 Crores valuation.

Peyush Bansal & Anupam Mittal:

Rs. 60 Lakhs at 4% Equity, for Rs. 15 Crores valuation.

Accepted Offer:

Aman Gupta.

Janitri

Janitri, company, Shark Tank India, Season 2

Founder: Arun Agarwal.

Founder Conveyed:

Whenever everyone hears the good news of the arrival of a baby child at home, then everyone gets happy. The mother gets happy, but also feels anxious and stressed inside, because no one knows when this happiness would turn into a sad situation. In India, the MMR (Maternal Mortality Ratio is 113 per 1 Lakh live births which are before delivery or post-delivery, and the (IMR) Infant Mortality Rate is 30 per 1,000 live births. During the time of labor, if the right decision is taken by doing proper monitoring on time, then more than 80% of deaths and complications can be prevented, and for that, they have brought Janitri. They are making wearable and AI-enabled devices and software, which monitor the vital sperimeter of mother and child and send the data on the app of Doctor consistently, by which the Doctor can take the right decision at the right time, and prevent these complications. Their vision is that no mother or child gets death during labor, pre, and post-delivery, and not even get future complications.

There are three products in Janitri - Keyar patch, Daksh which is a software, and Navam wear which is wearable to track fetal monitoring. Keyar patch is used for fetal Heart rate monitoring, maternal Heart rate monitoring, labor contraction monitoring, and fetal movement monitoring. Daksh is a mobile application that can connect with Keyar. The price of Keyar is Rs. 29,000, and the annual subscription cost of Daksh is Rs. 10,000 per year. Their annual sales for the year FY 2021-22 was Rs. 1.03 Crores. They have a monthly burn of Rs. 15 Lakhs. They got funded by BIRAC, GATES Foundation, Government of Canada, and the Government of Karnatka. Initially, in the first round investment they raised Rs. 2.35 Cr for Rs. 15 Cr valuation. The same investor has raised Rs. 1.15 Cr with a convertible note.

Offer from Founder:

Rs. 1 Crore for 2.5% Equity, for Rs. 40 Crores valuation.

Offer from Sharks:

Namita Thapar:

1) Rs. 75 Lakhs for 5% Equity, and Rs. 25 Lakhs Debt, for Rs. 15 Crores valuation.

2) Rs. 60 Lakhs for 2% Equity, Rs. 40 Lakhs Debt, for Rs. 30 Crores valuation.

Amit Jain and Peyush Bansal:

1) Rs. 1 Crore for 5% Equity, for Rs. 20 Crores valuation.

2) Rs. 1 Crore for 2.5% Equity, for Rs. 40 Crores valuation.
(Condition - If revenue of Rs. 20 Crores is not achieved in the next financial year, the sharks will get additional 2.5% Equity.)

Namita Thapar:

Rs. 1 Crore for 2.5% Equity, for Rs. 40 Crores valuation.
(Condition - If revenue of Rs. 20 Crores is not achieved in the next financial year, the sharks will get additional 2.5% Equity.)

Accepted Offer:

Namita Thapar.

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