As a result of hundreds of thriving start-ups, India is on the verge of becoming an entrepreneurial hub. The fact that India has risen to third place in the world in terms of unicorns in just a few years demonstrates this. Individuals from all around the country are coming up with innovative, out-of-the-box concepts that are changing the world.
Keeping this in mind, Sony entertainment has come up with a show that runs with the business-driven concept. And the show’s name is Shark Tank India!
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Replica of the famous American show Shark Tank, Shark Tank India has only contributed to the soaring hopes of India’s fledgling entrepreneurs. Following a phenomenal first season that captivated the entire country, the producers have announced Shark Tank Season 2 and published the first trailer.
And as we all know that how famous Shark Tank India has become a fad in such a short period of time. The show has served as inspiration for change in India’s entrepreneurial ecosystem. The very first season of Shark Tank India featured 7 self-made multi-millionaires from India who put their money into fantastic businesses while also investing in a healthy portion of shares.
The Sharks made a total of 67 investments totaling Rs 42 crore in the first season alone. And out of all these businesses, some managed to increase their revenue in an outstanding way.
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Let’s see how these businesses are performing right now:
1. Hammer Lifestyle
Hammer Lifestyle is a D2C and FMEG (Fast Moving Electronic Goods) business that deals in fast-paced lifestyle devices. It was founded by Rohit Nandwani in 2019. Wireless earbuds, wireless headphones, wireless earphones, and smartwatches are among the products available.
India’s first athletic audio-wearable business received a one-crore investment for 40% ownership from Shark Aman Gupta, and the company’s monthly sales have climbed from Rs 70 lakh to Rs 2 crore since then.
2. Auli Skincare Solutions
Auli Skincare Solutions is an Ayurveda brand that specializes in beauty products. It was founded by Aishwarya Biswas. Shark Namita Thapar, CEO of Emcure Pharmaceuticals, gave the brand Rs 75 lakh for 15%Â ownership in the inaugural season of Shark Tank India.
Before season one of Shark Tank India, the brand’s monthly sales were in the range of Rs 10-12 lakhs. However, Auli Skincare’s monthly sales have climbed to Rs 30-37 lakh following the investment. The brand has begun selling in stores, and worldwide export is in the pipeline as well.
3. Skippi Ice Pops
Ravi Kabra and Anuja Kabra launched the Hyderabad-based firm ‘Skippi Ice Pops.’ It is India’s first ice pop brand, made with 100% RO water with natural flavours and colours. Skippi Ice Pops were the first product on Shark Tank India season 1 to attract investment from all five sharks, which may surprise viewers. The brand was given Rs 1 crore in exchange for a 15% stake in the company.
With 150 daily visits on the internet, Skippi earned Rs 4-5 lakh every month. With 6000 to 8000 daily internet traffic, the company generates a whopping Rs 70 lakh monthly thanks to the sharks’ investment.
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4. Get-A-Whey
Get-A-Whey was founded by Jash Shah, Pashmi Shah, and their mother Jimmy Shah. It was first started as a simple kitchen experiment that managed to turn into an extremely healthy ice cream product that received Rs 1 crore in funding for 15% equity from Ashneer Grover, Vineeta Singh, and Aman Gupta at the show’s season 1.
Get-A-monthly Whey’s sales were Rs 20 lakh before Shark Tank season 1, but they have since doubled to Rs 80 lakh to 1 crore monthly, with distribution in 19 cities.
5. Brainwired
‘Brainwired,’ an agro-tech business founded by Sreeshankar S Nair and Romeo P Jerard, delivers economical and effective animal health monitoring and tracking solutions. The company’s creators were able to persuade three sharks (Namita Thapar, Peyush Bansal, and Ashneer Grover)Â to invest Rs 60 lakhs in exchange for a 10% stake in the company.
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The brand’s monthly sales were between Rs 1-2 lakhs before it received financing from the sharks. This has suddenly altered and in a big way! The brand’s monthly sales have climbed to an average of Rs 35 lakhs with the support of three sharks, and it will shortly begin worldwide export.
6. TagZ Food
TagZ Food, a popped potato chips business founded by Anish Basu Roy and Sagar Bhalotia, received finance of Rs 75 lakhs for 2.75% ownership from shark Ashneer Grover during the inaugural season of Shark Tank India, and the firm’s monthly sales have tripled since then.
Its reach has expanded from six to twenty Indian cities, as well as Dubai, Kuwait, and Australia.
7. The Sass Bar
‘The Sass Bar,’ founded by Rishika Nayak, is a dessert soap business that sells handcrafted soaps that look and smell like delectable desserts.
Rishika was able to get Rs 50 lakhs in finance for 35% equity from 2 sharks, Anupam Mittal and Shark Ghazal Alagh, and the sale has subsequently climbed to Rs 10-20 lakhs from Rs 6 lakhs.
8. Quirky Naari
Quirky Naari is India’s first hand-painted denim business, offering quirky and contemporary footwear and clothes. It was founded by Malvica Saxena in Mathura. In the first season of Shark Tank India, Malvica earned Rs 35 lakh in finance for 15% equity from Anupam Mittal and Vineeta Singh.
Quirky Naari was earning monthly sales of Rs 3 lakhs with local distribution before appearing on Shark Tank India, which climbed to Rs 3-7.5 lakhs. The company has also begun to get numerous foreign orders, built a new website with high traffic, established a separate office and studio, and employed additional personnel.
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9. Heart Up My Sleeves
Heart Up My Sleeves, founded by Riya Khattar in Delhi, is a removable sleeves brand that emphasizes minimalism and sustainability via the use of fancy, reusable, and unique sleeves. Two sharks, Vineeta Singh and Anupam Mittal were fascinated with the concept and invested a total of Rs. 25 lakhs for a 30% stake.
Before Shark Tank India, the company’s monthly sales were approximately Rs 1.5-2 lakhs with local distribution, but that number has now risen to Rs 6-7 lakhs with distribution on Nykaa Fashion, Myntra, and other platforms.
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