7 Startups That Have Clinched Big Deals On Shark Tank India's Season 3 So Far
In its nearly two month journey till date, Shark Tank India¡¯s ongoing season 3 has witnessed some game changing pitches from startups that have managed to crack deals with the sharks for investment.
While many more such deals are expected to feature in the third season, which has the longest panel of 12 sharks, let us throw light on some startups that have managed to crack big deals on Shark Tank India¡¯s season 3:
AI Kavach
On Shark Tank India¡¯s ongoing third season, a startup named AI Kavach made a pitch for their AI-based solution aimed at preventing online fraud. Pratyusha Vemuri and Girish Nagavarapu, the founders, requested Rs 50 lakhs in exchange for a 1.25% equity stake. They closed a deal and received Rs 1 crore from Vineeta Singh and Namita Thapar for 2.5% advisory equity and 2.5% equity.?
Also Read:?Chennai Entrepreneur With Poor Hindi Claims He Was Not Allowed On Shark Tank India
FlexifyMe
Another startup that bagged a big deal on Shark Tank India season 3, is FlexifyMe, a pioneering health-tech platform dedicated to chronic pain management, did make waves after a successful appearance on Shark Tank Season 3. The company impressed the distinguished panel of Sharks with its vision, securing a significant investment of Rs 1 crore with ?50 lakh allocated for equity and the remaining Rs 50 lakh secured as debt financing with interest details to be finalized, from powerhouse investors Namita Thapar and Amit Jain.
Yes Madam
Yes Madam, a salon and spa at home brand quickly impressed the Sharks with its unique and diversified range of salon services and wide range of products of beauty and wellness, curated by keeping ease-to-apply and safe-to use perspective in mind. The company secured a funding of Rs 1.5 crores for 2 percent of the equity, along with a 2 percent of royalty until the sharks recoup their invested amount of Rs 1.5 crores.
Also Read;?Shark Tank India?Season 3: List Of All 12 Judges & Their Net Worth
Nasher Miles
Nasher Miles- the luggage bag for every occasion brand won the heart and also the funding from the sharks for its colorful and presentable looking luggage bags. The pitch by its founders made the right impact, their dynamic spirit and passion instilled trust in the Sharks. Nasher Miles initially aimed for a Rs 3 crore investment, offering 0.75% equity at a valuation of Rs 400 crore. However, negotiations resulted in a different arrangement, with the startup ultimately securing Rs 3 crore for a 1.5% equity stake, valuing the company at Rs 200 crore.?
Tiggle
Tiggle Hot Chocolate brings a delicious and rich chocolate flavored- hot chocolate premix. It also catched the attention of the Shark¡¯s not only for its quirky name but also for its impressive Hot Chocolate mixes which left a sweet smile when the Sharks tasted it. Anuva Kakkar presented Tiggle on Shark Tank, initially requesting a Rs 50 lakh investment for a 5% equity stake. Following negotiations, she struck a deal with Sharks Peyush Goyal and Amit Jain, who agreed to invest Rs 50 lakh for a 20% equity stake, along with a 2% royalty until they recoup Rs 1 crore.
Intervue
A startup called Intervue, which aims to simplify the job interview process, had presented their technology- and AI-driven solution on Shark Tank India. Aman Gupta made an offer to founders Rahul Arora and Pushpendra Rautela, promising Rs 1.5 Crores in exchange for a 2% equity stake. The founders had requested Rs 1.5 Crores for a 5% equity stake.?
Decode Age
Another startup that got a good deal on Shark Tank India season 3 is??Decode Age,a healthy aging company providing supplements for improving health as the person ages and help them fight the aging ailments in the right way, supported the pitch to the Sharks with real proven results, created curiosity? for the Sharks to know more about Decoding Age and its products. The company successfully closed the deal with the Sharks and received a sole shark funding of 1.5 crores for 2.25 percent equity plus 1 percent royalty until Rs 1.5 crore is recovered.
For the latest and more interesting financial news, keep reading Indiatimes Worth.?Click here
