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6 Feb 2023
6 Feb 2023
Episodes 23 and 24 of Shark Tank India Season 2 shows the investments given to the companies - PadCare, Swadeshi Blessings, OLL, Geeani, Amore Gelato.
This blog shows the enthusiastic founder who came up with PadCare and brought the menstrual hygiene management ecosystem to provide pad disposal service to women in a dignified manner, also preventing the ragpickers from this hazardous way. The founders of Swadeshi Blessings conveyed the importance of soil and clay cookware and came up with the vision to make Swadeshi Blessings a household brand and make a name on the global platform, also to build a large community of potters and contribute to rural art development. The founder of OLL came with positivity, confidence, and a hopeful attitude. He came up with the vision to provide the ability to 1 billion learners to fulfill their dreams. The founders of Geeani brought their invention to help small farmers to improve their yields. Amore Gelato came up with the mission to make this sweet Italian Ice-cream affordable to every Indian.
The founder conveyed that a woman spent about 5-6 years of her life and 5 days of every month with periods issues, and consumes 7,500+ sanitary napkins in her life span. We have not yet found any appropriate solution for the disposal of sanitary napkins with dignity. The ragpickers lift this waste from their hands, and this is either burned or buried in the villages because of shame. This is a very major environmental disaster. Around 12,00 Crores of sanitary napkins are used every year in India, and around 98% of sanitary napkins go into landfills and water bodies. One sanitary napkin takes 500-800 years to get disposed of, which indicates the sanitary napkins that are still buried.
The founder has brought padcare to solve this major issue. The company has brought the menstrual hygiene management ecosystem and provides pad disposal service to women in a dignified manner, also preventing the ragpickers from this hazardous way. There are three products - A decentralized PadCare bin, which can store hazardous waste for 30 days by resolving the health, hygiene, and privacy of women. The second one is the PadCareX which is the first 5D technology-based patented sanitary napkin disposal and recycling system in India. With its help, they reclaim very high-quality wood pulp and plastic. Wood pulp is sold in the market in the paper and packaging industry. The plastic can be converted into granules and can also be reconverted into a PadCare Bin. The third one is the PadCare Vend which is a sanitary napkin vending machine so that women can remove pads in the washrooms.
This whole ecosystem has been installed in cities, IT, corporates, educational institutes, and major airports. It can be installed in housing societies as well. At present, across 6 cities in India, 150+ organizations and 1 Lakh women are availing it, and around 15 metric tons of carbon emission can conserve every month. This service has received interest from around the countries - the US, Canada, Singapore, and African countries. This is a global-level opportunity. The PadCare Safebox can process sanitary napkins and absorbent hygiene products including diapers without burning them at standard temperature and pressure. PadCareX is 8 feet long machine that weighs 1 tonne and can process 300 kg i.e. 15,000 pads per day.
The company is supported by government grants, TATA Trust, and Infosys Foundation and received an Rs. 2.25 Cr grant from the government. He raised the first round in December 2020 of Rs. 75 Lakhs at a post-money valuation of Rs. 8.75 Cr. They have an EHS (Environment, Health, and Safety) team that goes into the toilets of women, picks up it, and put the new system in the Pad Vap, and then again it becomes ready to use for the next 30 days. The PadCare vending machine is made at Rs. 8,000 and lease or sell it in the market. That is one model. But their main business model shows 80% for PadCare Bins & PadCareX services, and 20% goes for PadCare Vend & recycled waste sales. The client pays Rs. 475 for pad collection and recycling service with the cost of Rs. 152 including the operational manpower, recycling, and inventory, here they earn 68% gross profit. Their sales in FY 2021-22 was Rs. 1.05 Cr with an annual burn of Rs. 5 Lakhs.
Rs. 50 Lakhs for 2% Equity, for Rs. 25 Crores valuation.
Rs. 1 Crore for 4% Equity, for Rs. 25 Crores valuation.
Rs. 1 Crore for 4% Equity, for Rs. 25 Crores valuation.
Rs. 25 Lakhs for 1% Equity & Rs. 25 Lakhs Debt, for Rs. 25 Crores valuation.
Rs. 50 Lakhs for 2% Equity, for Rs. 25 Crores valuation.
Rs. 75 Lakhs for 3% Equity, for Rs. 25 Crores valuation.
Rs. 1 Crore for 4% Equity, for Rs. 25 Crores valuation.
Counter Offer
The founders conveyed that this is the soil of my motherland. It has given us employment, and food and also brought people of different diversities together. It has also given us promising potters. Indian soil is considered the most fertile soil in the world. It contains nutrients that protect us from fatal diseases. That is why our ancestors have been cooking in clay pots since the beginning of time.
But as time passed, we began using cookware made of Aluminium and other metals, which deprived potters of their employment, and us, of clay cookware. But the Aluminium cookware has no match to their clay counterparts. Swadeshi Blessings is an artisanal kitchenware & home decor brand. It is available with every kitchen utensil - pan, pot, or any other cookware.
They have an option for marble and wooden handicraft as well. They have delivered around 20,000+ products across India and 25 countries. Their vision is to make Swadeshi Blessings a household brand and make a name on the global platform, also to build a large community of potters and contribute to rural art development. So to save this almost extinct art and to infuse the essence of our motherland into our lives the founders presented Swadeshi Blessings.
their monthly breakage is 3%.
Their annual sale in FY 2020-21 was Rs. 30 Lakhs, Rs. 1.8 Cr in FY 2021-22, and Rs. 1.2 Cr in FY 2022-23 to date. Their projection sales for FY 2022-23 was Rs. 3.6 Cr. The frying pan is their highest-selling product, and the average product price in India is Rs. 900. The COGS (Cost of Goods and Service) is 40%, 18% is shipping, 5% for packaging, 12% is for channel margin, 10% for marketing, 15% EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) and 60% Gross margin.
Rs. 50 Lakhs for 5% Equity, for Rs. 10 Crores valuation.
Rs. 25 Lakhs for 5% Equity and Rs. 25 Lakhs Debt at 12% Interest, for Rs. 5 Crores valuation.
Rs. 25 Lakhs for 4% Equity and Rs. 25 Lakhs Debt at 12% Interest, for Rs. 6.25 Crores valuation.
Namita Thapar & Vineeta Singh.
In India, around 9.8 Crore students get graduated every year, and 7.2 Crore students do not have important skills, such as technology and creativity, due to a lack of awareness about skill development. Second is that not everyone can afford expensive classes, and third is the unavailability of teachers. So the founder thought that there should be a platform where the skills are practically taught to keep up with the fast-growing world.
OLL provides skill development classes, and their target age group is from grade 1 to grade 10. They arrange live interactive online group classes. These are certified courses by STEM & UNESCO. They have upscaled 35,000 students in 28 months. Their vision is to provide the ability to 1 billion learners to fulfill their dreams. Their lifetime sales are Rs. 2.2 Cr in 28 months with Rs. 18 Lakhs net profit. They are partners with teachers and pay on a pay-per-hour basis.
As there are group classes, there are orders received in bulk and the teachers get higher than expected per hour payment. In the course, every child creates ten practical projects, and once the course is completed, they get a certification from STEM and UNESCO. The platform is associated with 300 active teachers. In the first round, they raised Rs. 20 Lakhs with Rs. 3.2 Cr valuation, and in the second round they raised Rs. 90 Lakhs for Rs. 9 Cr valuation. Their retention rate is 41%
Rs. 30 Lakhs for 2% Equity, for Rs. 15 Crores valuation.
Rs. 10 Lakhs for 2% Equity and Rs. 20 Lakhs Debt at 12% Interest, for Rs. 5 Cr valuation.
1) Rs. 20 Lakhs for 4% Equity & Rs. 10 Lakhs Debt at 12% Interest, for Rs. 5 Crores valuation.
2) Rs. 30 Lakhs for 6% Equity, for Rs. 5 Crores valuation.
1) Rs. 30 Lakhs for 4% Equity, for Rs. 7.5 Crores valuation.
2) Rs. 30 Lakhs for 5% Equity, for Rs. 6 Crores valuation.
Counter Offer - 2.
In India, more than 10 Crore farmers in India make a living from farming on land that is under 5 acres, and as they do not own huge pieces of land, these farmers cannot buy tractors. That is why they rent tractors and that takes up more than 60% of their earnings. Even agriculture has seen many innovations, but this innovation is only for large-scale farmers. The small-scale farmers cannot afford it. So the founders have invented the smallest and most economical tractor in India - Geeani. It has been designed for Indian farmers having small farmers by which they can improve their yield. This tractor can be easily used even for intercropping. They are currently pre-revenue company but have recieved more than 500 enquiries after one video went viral.
The tractor is 3 feet in width, patented drivetrain technology, compact and lightweight i.e. 550 kg. The land with not get pressed and the crop would not get damaged. The price of traditional tractors is Rs. 5 Lakhs to Rs. 5.5 Lakhs and the price of Geeani is Rs. 4.8 Lakhs. It is more efficient than diesel tractors. They have done Beta Testing of the tractor. It has 3 years battery warranty and 7-8 years of battery life. Its making cost is Rs. 3.8 Lakhs. The battery cost is RS. 1.6 Lakhs. It has a total of Rs. 25 Lakhs investment.
Rs. 75 Lakhs for 7.5% Equity for Rs. 10 Crores valuation.
Rs. 75 Lakhs for 7.5% Equity, for Rs. 10 Crores valuation.
Rs. 1.5 Crores for 20% Equity, for Rs. 7.5 Crores valuation.
Rs. 1 Crore for 10% Equity, for Rs. 10 Crores valuation.
Rs. 1 Crore for 10% Equity, for Rs. 10 Crores valuation.
Rs. 1 Crore for 10% Equity, for Rs. 10 Crores valuation.
Aman Gupta, Anupam Mittal & Vineeta Singh.
The one thing that Italians love is their gelato. They introduced this love of the Italians, the gelato, to Mumbai for the first time with Amore Gelato. It makes everything with natural ingredients and is 100% vegetarian. Their business is B2B, and they supply to restaurants, hotels, and cafes, but their focus is to scale the pre-packaged business digitally. Their mission is to make this sweet Italian Ice-cream affordable to every Indian. It price ranges from Rs. 60 - Rs. 70. Their annual sales pre-COVID was Rs. 6 Cr. They raised the amount of Rs. 2.2 Cr for a pre-money valuation of Rs. 7.3 Cr in 2017.
Rs. 75 Lakhs for 4% Equity, for Rs. 18.75 Crores.
Rs. 75 Lakhs for 7.5% Equity, for Rs. 10 Crores valuation.
Condition - Amore needs to achieve sales of Rs. 80 Lakhs per month by March 2023.
Anupam Mittal.
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