Shark Tank India Startups: Then vs Now
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 Published On Dec 18, 2023

Check out Part 2 of this Shark Tank series here:    • Shark Tank India Season 2 Startups: T...  

00:00 Intro
00:55 Skippi Ice Pops
02:01 Revamp Moto
03:06 Flatheads
04:58 Auli Lifestyle
05:51 Hood App
07:03 Pharmallama
08:15 Moonshine Meadery
09:35 SID07 Designs
10:56 Hammer Lifestyle
12:16 Online Live Learning (OLL)
14:09 Outro

In Australia, Ravi Kabra noticed the absence of ice popsicles in tropical India when his sister packed local ones to take home. Inspired, he and his wife Anuja launched Skippi Ice Pops in 2021. Appearing on Shark Tank India's first season, they secured a historic all-shark deal, raising 1 crore rupees for 15% equity. Skippi's monthly sales skyrocketed from 4-7 lakh rupees pre-Shark Tank to 2-2.8 crore rupees by May 2022, earning acclaim as the show's most significant success, acknowledged even by Ashneer Grover.

Established in 2020 by Jayesh Tope, Pritesh Mahajan, and Pushkaraj Salunke, Revamp Moto is developing customizable electric bikes, RM Mitra and RM Buddie 25, designed as mobile stores. Featured in our Top 10 EV startups video last year, they garnered attention on Shark Tank season 1 with a 250 crore rupees order for 50,000 bikes while still in the prototype stage. Anupam Mittal and Aman Gupta invested 1 crore rupees for 1.5% equity, supporting their vision. Despite being a pre-revenue startup.

Founded in 2019 by Ganesh Balakrishnan and Utkarsh Biradar, Flatheads crafts lightweight, eco-friendly footwear for Indian climates. Despite financial challenges, Ganesh's Shark Tank India pitch resonated, leading to viral success. Facing closure, Flatheads rebounded with an all-equity acquisition by Styched in July 2023. Now relaunched in November 2023, both Ganesh and Flatheads endure, showcasing resilience.

Established in 2017 by Aishwarya Biswas, Auli (AS U LIKE IT) became Kolkata's first female-led startup funded by Sharks. Relying on Aishwarya's social media-driven revenue, Auli's monthly sales surged from 10-12 lakh to 30-37 lakh rupees post-deal with Namita Thapar.

Established in 2021 by Abhishek Asthana, Deepak Kumar, and Jasveer Singh, Hood entered Shark Tank India season 2 seeking a 600 crore rupees valuation—one of the highest. Despite their rapid growth, they secured a deal with Peyush Bansal and Aman Gupta at their previous valuation of 112 crore rupees.

Established in 2020 by Achintya Dayal, Arjun Raghunandan, and Deepesh Rajpal, Pharmallama aims to streamline medication management by offering pre-sorted medicine packs. Despite initial success and securing an all-shark deal, their future is uncertain due to a legal notice from SCDA in March 2023, claiming their operations are illegal. The notice contends that repackaging medicines, as done by Pharmallama, violates the Drugs and Cosmetics Act.

In 2014, Nitin Vishwas discovered London's first meadery in 500 years. Inspired, he and childhood friend Rohan Rehani started Moonshine Meadery in 2018, Asia's first meadery. After a successful appearance on Shark Tank India season 1, they expanded, raising 2.7 million, reaching Karnataka, Rajasthan, and Gurugram. Revenue surged from 3.5 crore in 2020 to 18 crore in 2022, a 5X increase. In a post-Shark Tank interview, the founders revealed they sought awareness, achieving just that.

Established by Siddarth Gupta in 2018, Sid07 Designs aimed to create innovative products, secure patents, and license them to other companies. However, the original plan didn't materialize, and the company struggled with monthly sales barely reaching 1 lakh. Despite skepticism from the sharks about the inventions, Peyush offered a deal, acquiring a 75% stake for 25 lakh rupees and a 25 lakh rupees debt.

Founded by Rohit Nandhwani in 2019, Hammer Lifestyle shares similarities with Boat, both in name and products. Aman, a shark on Shark Tank season 1, aimed to acquire Hammer for 1 crore rupees to eliminate competition. Rohit, having already generated 5 crore rupees in revenue in 2021, agreed to sell a 40% stake to Aman for 1 crore rupees. Post-show, Rohit backed out of the deal, surprising other sharks who perceived him as naive.

OLL's founder, Shreyaan Daga, at 18, became the youngest entrepreneur on Shark Tank India. Starting OLL at 15, the marketplace connects teachers and students for diverse skill sessions. Despite attracting investment interest from Peyush Bansal and Vineeta Singh, Shreyaan's unconventional education approach and impatience with the sharks led him to secure funding from other investors at a higher valuation of 20 crore rupees. Currently, OLL boasts 20,000 daily users, an annual revenue of 12 crore rupees, and a valuation of 50 crore rupees, all while remaining profitable. Dissatisfied with Shark Tank India's pace.

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