Shark Tank London Bubble Co.
In this episode of Shark Tank India London Bubble Co., presents the pitch. Will the founder get a deal from the sharks? To know about the deal read till end.
| Company name | London Bubble Co. |
| Founders | Darshaan Shetty and Mustakeen Sheikh |
| Ask | ₹ 75 lakhs for 5% equity |
London Bubble Co. Founder
Darshaan Shetty and Mustakeen Sheikh. Mustakeen had his education from Cardiff University London. In London this waffle and pancake is a very common breakfast. So from there he thought of doing something with this idea. Mustakeen and Darshan were born and brought up in the same place.
About the company London Bubble Co.
During the lockdown, the 126 stores of London Bubble Co. were shut down. Like sprinkling salt on wounds they had 30000-kilo atta and 8000-kilo chocolates in stock with them. But they thought of being “Atta Majhi Satak Li” and they founded the 2.0 of the London Bubble Co. They brought their cafe to the doorstep of every people. London Bubble Co. is a brand which brings you the continental at your doorstep. They manufacture waffle and pancake premixes. Apart from that they have 5 different flavours of waffle chips, 8 different flavours of spreads. Their products are available in 4 different cities, 800+ stores, e-commerce and own website. When their stores were shut down they contacted a packaging company and in fifteen days they started to make their production by the daily wages labor. Through a modern trader they sold out their existing stock of 30000 kg of atta and 8000 kg of chocolates in the form of their end products of pre-mix. Their capacity is 45000 packets per day. They have invested in automation to increase the production rate.
Ask by the Owner of London Bubble Co.
The owner asked 75 lakhs for 5% of equity.
London Bubble Co. Sales And Revenue
Last month the sales were 11 lakhs rupees. Before the lockdown, the sales were 19 lakhs rupees. They want to make sales of 10 crore rupees per year.
Kitons Shark Tank
Offers and counter offers
Namita increases the valuation and offers 75 lakhs rupees for 15% equity.
Pitchers requested for debt so that they can reach another city.
London Bubble Co. Final deal
The deal was finalized with Namita for 75 lakhs rupees in exchange for 15% equity in the company.