Shark Tank Makino
In this episode of Shark Tank India Makino,a nachos and nuts brand presents the pitch. Will the founder get a deal from the sharks? To know about the deal read till end.
| Company name | Makino |
| Founders | Anik Patel, Keval Patel, Ronik Patel, Priyank Patel |
| Ask | ₹ 2 crore for 2% equity |
Makino Founder
Anik Patel, Keval Patel, Ronik Patel, Priyank Patel. They are from Himmatnagar, Gujarat.
Priyank Patel is the CEO. Ronik is in charge of e-commerce and branding. Keval is in charge of modern trade and Horeca. Anik is in charge of procurement, production and logistics.
About the company Makino
Gujarati have a zil for food items. Being born and brought up in a Gujarati family they introduced Makino to bringing both Indian and Mexican-flavoured snacks under one roof. Makino is a healthy nacho-making company. The nachos have 40% less oil, zero cholesterol and zero trans fat. Their nachos are available in 8 exciting flavours like cheese, jalapeno, peri-peri etc. Apart from nachos they also deal with corn chips which have 4 flavours, corn twists which have 2 flavours and peanuts which have also 4 flavours. Their products are available in 17000+ retail stores, e-commerce, modern trade and in more than 15 countries. They have started in 2018. The average price of 150 gm of the packet is 90 rupees. To differentiate from the competitors they have recently launched the super nachos series which has two categories: High protein and veggie nachos.
Ask by the Owner Makino
The owner asked for 2 crore rupees for 2% equity in the company.
Makino Sales And Revenue
From the month of April 2022 to August 2022 they have made sales of 12 cr. Rupees. In August they made a sales of 2.65 cr. Rupees. In the financial year 2021-22 the net sales were 18.84 cr. Rupees. 10% of the total sale is from export. They export to GCC countries and African countries. The company is fully bootstrapped. The gross profit before covid was 55-60% and the current gross profit is 40%. In 100% net sales, COGS is 60%, Sales and Taxes is 13%, Travelling expenses is 2%, and transportation cost is 12%. Marketing is 10-12%. They have a loan of around 15 crores in the bank. Their working capital is 3 cr. Rupees. Yearly burn is 1.97 cr. Rupees. They have
invested a total of 42 crores in the business.
Offers and counter offers
No sharks were interested in the deal as the company is in a huge loss despite huge investments.
Makino Final deal
No deal was finalized with the sharks.