7 STARTUPS MAKING WAVES WITH BIG DEALS ON SHARK TANK INDIA 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. Founders Pratyusha Vemuri and Girish Nagavarapu 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.

FlexifyMe

FlexifyMe, a pioneering health-tech platform dedicated to chronic pain management, made waves after a successful appearance on Shark Tank India Season 3. The company impressed the distinguished panel of Sharks, 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 a wide range of beauty and wellness products, curated with an ease-to-apply and safe-to-use perspective. The company secured funding of Rs 1.5 crores for 2 percent of the equity, along with a 2 percent royalty until the Sharks recoup their invested amount of Rs 1.5 crores.

Nasher Miles

Nasher Miles, the luggage bag for every occasion brand, won the hearts and funding from the Sharks for its colorful and presentable luggage bags. The founders' 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, known for its delicious and rich chocolate-flavored hot chocolate premix, caught the attention of the Sharks not only for its quirky name but also for its impressive hot chocolate mixes. 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

Intervue, a startup that aims to simplify the job interview process with its technology- and AI-driven solution, was presented on Shark Tank India by founders Rahul Arora and Pushpendra Rautela. Aman Gupta made an offer of 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

Decode Age, a company providing supplements for healthy aging and improving health as a person ages, presented their pitch supported by real proven results. The company's compelling presentation created curiosity among the Sharks. Decode Age successfully closed the deal, receiving Rs 1.5 crores for a 2.25 percent equity plus a 1 percent royalty until Rs 1.5 crore is recovered.

These startups have not only showcased their innovative ideas on Shark Tank India but have also successfully secured significant investments, propelling their ventures forward. With a focus on various sectors, these deals reflect the diverse interests of the Sharks, encompassing health-tech, AI solutions, beauty and wellness, and more. The entrepreneurial spirit and innovative solutions presented in Season 3 have continued to make a mark in the world of Shark Tank India fashion and Shark Tank India clothing.

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[The images used in this blog post are not owned by Anime Devta, they are just for entertainment purposes]

~Mimansa Sharma