In episode 11, three companies came on the show.
First was Gopal’s 56 by Gaurav Goyal, Second was ARRCOAT by Kranti Anand, Mohammad Ekbal and Saransh Anand and Third were Farda Clothing by Shehad Ahuja and Sanskar Mishra.
Episode 11 was quite interesting to watch and learn as all the sharks shared and suggested a few ideas related to business models. At the end of the episode, Aman gave the shark lesson of the day that was following and changing as per the consumer demand otherwise consumers will change the business.
Also read: Who are the judges in Shark Tank India?
Index:
Company 1: Gopal’s 56
Gopal’s 56 is a revolutionary ice-cream brand that, apart from being vegan and dairy-free, has prebiotic and probiotic features.
It has dietary fibre infused in it which is helpful in reducing cholesterol and weight. It is for the first time in the world that a combination of ice cream with fibre is present. It also serves a wide range of Ayurvedic ice cream which includes love potion, Elixir of life, Third eye open and many more.
It serves more than 90 flavours along with variations in Shakes and Ice- creams. Currently, it has 3 stores and one ground foot floor in California.
Who are the founders of Gopal’s 56?
Gaurav Goyal from Delhi is the founder of Gopal’s 56 and he is in the food industry for the last 40 years. He is a second-generation entrepreneur, he holds a degree in B.B.A, Doctorate in Business Management and is doing law too.
His father has started this business with a single flavour and to carry his legacy, he is working on it.
How was the pitch of Gopal’s 56?
It was the biggest pitch to date in Shark Tank which was 300 crore rupees for 25% equity, company valuation is 1200 crore.
All the sharks were shocked by his pitch to which he explained that he needed the investment in phases. Anupam explained that taking a huge amount and investment in the market to gain peak is not possible thus he went out.
Namita went out, as she wasn’t convinced by his medical proof of it through his words. Peyush went out as he didn’t find it investable at the moment.
Ashneer also moved out as he didn’t understand the concept of valuation and it’s a silly idea of demanding such a pitch. Aman also moved out because it is not logical and wished him all the best. No investment took place in this pitch.
Company 2: ARRCOAT
ARRCOAT surface and structure provides marbles like Taj Mahal which goes year and year and is the end to end wall solution system company.
They give service from bricks to their final finishing. They bring the ancient heritage of India with Modern Architecture. It is also water-resistant, washable and 0% VOC, and Anti crack marble. It is also sustainable in nature.
Who are the founders of ARRCOAT?
Kranti Anand, Mohammad Ekbal and Saransh Anand are the founders of ARRCOAT. Mohammad Ekbal is the first brick of this wall as he is the manufacturer.
He first came as a helper then became a craftsman and then went to Dubai and learned the heritage of such marbles and came back to India with a dream to do something, so he started finding the company for marketing, branding and expanding it, where he met Kranti Anand who has his own interior company.Â
Saransh Anand is the son of Kranti, who is like an employee in the business.
How was the pitch of ARRCOAT?
Founders of ARRCOAT came on Shark Tank India looking for an investment of 50 lakhs for 5% equity, company valuation is around 10 crore. They have also done their current project in Shahrukh Khan’s house, Mannat.
Ashneer went out as he didn’t find it revolutionary as per the market and their low sales number didn’t appeal to him. Namita said that she would not be able to help them in this and went out. Aman didn’t fit in this business and went out as he didn’t find it investable.
Peyush also went out as he didn’t find it useful in the long run. Anupam was only left and he actually gave the offer of 50 lakhs with a few conditions, which includes- it should be clean and organic, no similar product should exist, must give equity to the co-founder Ekbal, should add co-founder for marketing and distribution.
His offer was 30 lakhs for 10% and 20 lakhs as a loan. They gave a counteroffer to cut down a few conditions, Anupam said his offer is not negotiable, they requested him to give 50 lakhs as an investment for 10%, Anupam said it can be done but equity will be 15%. They agreed to the deal and took the check.
Company 3: Farda Clothing
Farda means tomorrow in Urdu. It means the future of fashion. It is a brand of premium custom streetwear. It represents the street culture. They provide customisation which makes them unique and creative.
They sell their clothes through their Instagram page to other states. It is manufactured in the city of Nagpur. It also makes best from waste. It is a sustainable clothing brand.
Who are the founders of Farda Clothing?
Shehad Ahuja and Sanskar Mishra from Nagpur. They have converted their fashion style into business. They are the pioneer of their city. They have the vision to become India’s Top Brand and want to represent India at a global level.
How was the pitch of Farda Clothing?
Farda started their pitch with a Farda Rap song and asked for an investment of 30 lakhs for 10% equity in the business, company valuation is around 3 crore.Â
Anupam said that he just felt like their hobby to do creative and even they are at an early stage. Ashneer found the same concern and went out. Peyush went out as he is not in apparel and unrelatable to this sector.
Aman was ready to take a bet on these youngsters, Namita also showed interest and they gave a combined deal of 30 lakhs for 30% equity as they needed more time and focus on sharks. Anupam said that he would have given an offer if no one had offered and went out. They gave a counteroffer of 30 lakhs for 20% equity, Aman agreed but Namita went out.
Aman gave a deal single-handed, Namita changed her mind and joined the deal to feel young. They handed over the check with great vision.
Do follow us on Instagram and stay updated with Indian Startup News!
Do Share Your Thoughts:
Do tell us all your thoughts in the comments section below, we look forward to reading all the comments in the section below.
Also, do check our Startup Resources section, and don’t forget to join our weekly newsletter đź“° which contains pure startup and business wisdom and no bullshit!!
Do follow us:
Related Articles:
- Who are the judges in Shark Tank India?
- Shark Tank India Episode 1: What happened in Show?
- Shark Tank India Episode 2: What happened in Show?
- Shark Tank India Episode 3: What happened in Show?
- Shark Tank India Episode 4: What happened in Show?
- Shark Tank India Episode 5: What happened in Show?
- Shark Tank India Episode 6: What happened in Show?
- Shark Tank India Episode 7: What happened in Show?
- Shark Tank India Episode 8: What happened in Show?
Which companies presented in Episode 11?
First was Gopal’s 56 by Gaurav Goyal, Second was ARRCOAT by Kranti Anand, Mohammad Ekbal and Saransh Anand and Third were Farda Clothing by Shehad Ahuja and Sanskar Mishra.
Who are the investors in Shark Tank India?
- Ghazal Alagh – Co-founder and Cheif Mama of Mamaearth
- Aman Gupta – Co-founder and CMO of BoAt
- Vineeta Singh – CEO & Co-founder of SUGAR Cosmetics
- Ashneer Grover, Founder, and MD of BharatPe
- Peeyush Bansal – Founder & CEO of Lenskart.com
- Namita Thapar – ED of Emcure Pharmaceuticals
- Anupam Mittal – Founder and CEO of Shaadi.com