1. Gopal’s 56
- Owner: Gaurav Goyal. He is 38 years old. From education background, he has done BBA and received honorary doctorate in business management and also pursuing LLB.
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About Gopal’s 56
It’s a Delhi based company. He claimed his brand to be a revolutionary product as it is not only a vegan product, but also has dietary fibre, prebiotic and probiotic features. All these healthy ingredients help in reducing weight and cholesterol. So, it’s ice cream with fiber for the first time in the world. They have a range of ayurvedic icecreams. Some of the products under this range are ‘love portion’ in which ashwagandha is used. Another product is ‘elixir of life’ in which extracts of tulsi and cinnamon are used. ‘Third eye opener’ is another product in which brahmi is used. He has been working in the F & D industry for 40 years. In 1983, his father started his company. Their headquarters is in Kalkaji. Now they have more than 90 flavours of ice cream. They have 2 to 3 outlets in Delhi including CBI headquarters, Indian air force and schools. By using 300cr, he wants to set up a full fledged production unit, spend rest in marketing and Inventory.
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Gross profit and Sales of Gopal’s 56
The company’s valuation is 1200cr. Their sales from only kalkaji stores is 4cr itself which is 20% of total profit annually. Their profit is 80 lakhs.
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Asks by the Pitcher:
Gaurav ask for a massive amount of 300cr for 25% equity.
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Offer for Gopal 56
Finally none of the shark tank india judges could invest citing different reasons. So no deal was done.
2. Farda
- Owners: Chahat Pahuja and Sanskar Mishra
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About business Farda
‘Farda’ means tomorrow in urdu.This company is based on Nagpur and they have started their business 6 months ago and they have converted their passion into this customised street culture clothing.They are the pioneer of nagpur and want to reach globally with this niche customised wear. When asked about the USP they told that the customisation is their USP and they design in a unique way with a team of graphic designers they had. They informed that the products are targeted to mass audiences. They manufacture their products in nagpur. They sell on instagram as of now and had no physical presence till date. Their dress materials are sustainable.They tried to incorporate the Indian culture in their design for customisation too. Asked about how they will sustain their business they said that manufacturing in lots will increase the gross margin and by creating designs they can reach a mass customer.
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Gross Profit and Sales
The company’s valuation is 3cr. Their sales are 1.3 lakhs in 4months. Their one jeans selling price is 2800 and making charges are Rs. 1200.
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Asks by the Pitchers
The owners approach with a ask of 30 lakhs for 10%equity of their company.
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Counter offers for Fards
Aman and Namita counter for 30 percentage equity for 30 lakhs rupees. Pitchers counter for 20 percent equity for 30 lakhs rupees.
Namita raised an issue with the percentage then Aman told that he will go alone with it.
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Offer for Farda
Finally shark Namita thapar also changed her mind and Aman and she completed the deal for 20 percent equity for 30 lakhs rupees.
3. ARRCOAT Surface Textures
- Owners: The three owners are Mohammad Iqbal, the co-founder, Saransh Anand, Kranti Anand the founder and CEO of ARRCOAT.
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About ARRCOAT
The company provides the long lasting quality of marble that protects them from VOC(volatile organic compounds) unlike other paints that cause harm to humans. ARRCOAT Surface Textures is an end to end wall solution system company. They give total service from wall’s brick to final finishing of walls. Their product is water resistant, washable, and has no VOC, anti crack, gives effective cooling because it’s made of clay. Iqbal is the product manufacturer. In 2004 he worked as an applicator. He worked in Dubai for 9 years as an applicator. He observed that the health issues he is feeling there is because of chemicals in paint. In 2016 he came back to India with this concept of giving a chemical free wall solution. With all the hardships, he succeeded in the first trial of the product. They did their first project in the house of Gauri khan.
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Gross Profit and Sales of ARRCOAT
The company’s valuation is 10 crores. Their last year sales were 77 lakhs. This year the aim is 1.5cr. Their profit last year was 10% and this year is about 20%.
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Asks by the pitchers
The owners approach with a ask of 50 lakhs for 5%equity of the company.
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Counter offers for ARRCOAT
All the sharks step out from. Only shark Anupam mittal was interested in investing 30 lakhs for 10% equity and 20 lakhs debt with some conditions including;
- Claims made by owners had to be verified.
- No similar product should exist in the market.
- Equity should be given to Iqbal.
- Kranti will manage other businesses, not this business.
- A new co-founder is needed for marketing and distribution purposes.
The owners give a counter offer of 50 lakhs for 15% equity
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Offer for ARRCOAT
Final deal was done at 50 lakhs for 15% equity with Anupam.
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Shark Lesson of the Day
Shark Aman told the viewers the importance of consumer trends. Consumer trends need to be changed with changing consumers. Similarly upgrade and change of product is necessary for sustainability of product in market. For this, young and bright employees are important in a company for new ideas.