TOP STARTUPS THAT GOT REJECTED IN SHARK TANK INDIA

Shark Tank India has become a platform for showcasing innovative startups across various sectors. While many entrepreneurs secure investments, some impressive startups leave without a deal despite their potential. This article highlights some of the top startups that got rejected on Shark Tank India, emphasizing their unique offerings and the reasons behind the rejections. Let's delve into these fascinating stories and see what made these startups stand out.

Moonshine

Moonshine is Asia and India's first meadery, founded in 2016 by Rohan Rehani and Nitin Vishwas. Mead, the oldest alcoholic beverage, is created by fermenting honey with fruits and spices, containing no artificial flavors or colors. The founders appeared on Shark Tank India with a valuation of INR 160 crores, seeking INR 80 lakhs in exchange for 0.5% equity. Although all the sharks expressed interest, the founders did not find the counteroffer appealing, and the deal was rejected.

Urban Monkey

Urban Monkey is a Mumbai-based streetwear fashion brand founded by Yash Gangwal in 2013. Aimed at young people in India, the brand appeared on Shark Tank India with a valuation of INR 100 crores. Its product line includes caps, sunglasses, belts, backpacks, and clothing, which have been popular with celebrities such as Rannvijay Singha and Raftaar. Yash sought an INR 1 crore investment in exchange for 1% equity, but despite the brand's success, the sharks rejected the deal.

Morriko Foods

Morriko Pure Foods, formerly Kamdhenu Foods, is a Gujarat-based startup specializing in solar-dehydrated fruit and vegetable powders. Established in 2002 by Bipin Shah and rebranded as Morriko in 2017 with the addition of co-founders Tanmay Shah and Kalyani Shah, the startup aims to promote healthy snacking. It offers a variety of products, including mango chunks, guava chunks, drumstick powder, and herbal teas. On Shark Tank India, Morriko appeared with a valuation of INR 33.33 crores and sought an INR 1 crore investment in exchange for 3% equity. Despite counteroffers, the founders declined.

ExperientialEtc

ExperientialEtc is a top-notch experiential marketing agency that creates exceptional experiences. Founded in 2017 by Karan Bhardwaj and Prashant Pandey and based in Mumbai, the startup has a net worth of INR 50 crores. ExperientialEtc leverages 3D holographic displays, projection mappings, life-size kinetic structures, and magical LEDs to enhance communication. The company also utilizes machine learning and interactive videos for digital requirements. The founders asked for INR 2 crores in exchange for 4% equity in the company. Although the sharks were impressed with the idea, they still rejected the deal.

Torch-It

Torch-It is a startup that creates disability assistive devices to foster an inclusive and sustainable ecosystem. Founded in 2016 by Hunny Bhagchandani and Mohit Chelani, the company has a valuation of INR 75 crores. The startup's devices use ultrasonic sensors to show the proximity of objects, assisting visually impaired individuals in their navigation. The founders asked for INR 75 lakhs in exchange for 1% equity. Despite the investors' inspiration for the idea, the deal was rejected.

Shades of Spring

Shades of Spring is a Bengaluru-based brand specializing in flower gifting, founded in 2018 by Nidhi Gupta and Anju Bhagat. The brand offers farm-fresh flowers for special occasions and through subscription models featuring over 500 varieties produced by Indian farmers. Their offerings include weekly and monthly flower subscriptions, luxury bouquets, and hand-tied bouquets. The founders asked for INR 3 crores in exchange for 1% equity in the company, valuing the brand at INR 300 crores. Despite its success before appearing on the show, the sharks rejected the deal.

These startups highlight the diversity and innovation in the Indian entrepreneurial landscape, even if they didn't secure deals on Shark Tank India. From unique alcoholic beverages to innovative fashion and wellness products, these brands continue to make their mark. Their stories reflect the resilience and creativity of Indian entrepreneurs, inspiring others to pursue their visions regardless of obstacles. Shark Tank India remains a beacon for showcasing groundbreaking ideas, underscoring the importance of innovation and determination in the business world.

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~Mimansa Sharma