Top 15 Startups Of Shark Tank Season 1 That Became Successful
Shark Tank India season 1 premiered on 20th December 2021. The show received some of the best, most innovative, and most surprising aspiring entrepreneurs from all over India. Right from the pitches to the products and services that were being represented in the very first season proved to be an impressive feature for the show and contributed majorly to its success.
The first season not only witnessed some of the most successful business ideas from aspiring entrepreneurs but has also seen some disappointing pitches as well.
As of now, Shark Tank India has got two seasons already and both these seasons’ episodes are available on the SonyLiv channel. Altogether there are 85 episodes released for both season 1 and season 2. Here, in this article, we will be talking about the top 15 start-ups of Shark Tank India season 1 that received the best offers from the Sharks and became quite successful today.
Sunfox Technologies
Sunfox Technologies was one of the companies that received funding from all ‘Sharks’. The company was established in 2016 as a R&D Lab in Uttrakhand. Rajat Jain is the founder of the company and it was their flagship product named ‘Spandan’ which is a compact and user-friendly portable ECG device that was represented in the first season of Shark Tank India.
The ask was INR 1 crore in exchange for 2% equity and by the end of the deal, it was finalized that the company would be receiving INR 1 crore in exchange for 6% equity.
The company had a valuation of INR 50 crores as it was revealed during their pitch on Shark Tank India season 1. The product was released during the time of Covid-19 period and within a year the company made a revenue of INR 1.2 crore. Impressed with the offer that the Sharks offered, Rajat Jain took his time and ultimately accepted it with a smile.
In A Can
In A Can is a company that appeared in the very first season in the 20th episode. It is India’s very first ready-to-drink cocktail product. Sameer Mirajkar and Viraj Sawant were the two founders who represented the product on Shark Tank India. The ask was for INR 50 lakhs in exchange for 2% equity but the deal was finalized from all ‘Sharks’ for INR 1 crore in exchange for 10% equity.
The company was founded in the year 2020 and within a year they had made a sale of INR 60 lakhs as revealed on Shark Tank. The month-on-month growth was revealed to be 40%. As of now, we can only assume the growth they had when it comes to sales.
Find Your Kicks India
Danish Chawla, Simardeep Singh, and Harshdeep Singh are the co-founders of the sneaker resale company, Find Your Kicks India. The company was founded back in the year 2020 and has its headquarters in Ludhiana, Punjab. Pitchers had asked the Sharks for INR 50 lakhs in exchange for 10% equity.
The ‘Sharks’ being impressed with the product and as well as the pitch had finally made a deal of INR 50 lakhs for 25% equity. All Sharks who were present in the episode had invested.
The company had a valuation of INR 5 crores at that point in time. The pitchers had revealed that their sneakers were sold out within a minute after they were released. Therefore, the demand is huge. During their interaction with the ‘Sharks’ they revealed that their sales were up to around INR 26 lakhs. The net profit that they had was around INR 17 lakhs.
Skippi Pops
Ravi and Anuja Kabra introduced their famous and tasty ice pops to the ‘Sharks’ and asked for an investment of INR 45 lakhs in exchange for 5% equity in Skippi Ice Pops. The company manufactures and sells ice pops which are claimed to be 100% naturally made with no artificial colors or ingredients. The company had a valuation of INR 9 crores when the couple pitched their idea in the first season of Shark Tank India.
The owners revealed that they made a sale of around INR 40 lakhs within six months. The growth of the company has been significant in terms of sales as they are now planning to scale up their revenues up to INR 30 crore in the next financial year.
Jain Shikanji
Anubhav Jain, one of the core members of Jain Shikanji represented his famous Shikanji products in the first season of Shark Tank India. The company offers lip-smacking delicious Shikanjis and the company also claims that it has medicinal properties thus benefiting the human body. The company has been in the business for more than 65 years.
Anubhav Jain asked for INR 40 lakhs in exchange for 8% of equity to the Sharks. The company valuation during that point of time was INR 5 crores. HBMB is a separate company that started in 2017 and sold Shikanji products Anubhav Jain asked the investors to invest.
The revenue that HBMB earned was around INR 25 lakhs in revenue in 2021. As of Dec 2022, the company had a net worth of $2 million. The final deal that was made was INR 40 lakhs in exchange for 30% equity.
Nomad Food Project
Nomad Food Project started off as a research project for the founders, Aditya Rai and Advaith Inamke while they were pursuing their culinary degrees from IHM, Mumbai. The founders introduced their tasty and delicious bacon jams and relishes that were made out of pork. With a lot of research, the founders were able to create a ‘desi’ jam for pork-eating consumers for the first time in India.
The ask was INR 40 lakhs in exchange for a 10% equity. The company value during that point of time was INR 4 crores. Starting off in the year 2019, the company made a sale of INR 9.5 lakhs per year which was a side business during that point of time. Post covid situation the company made a sale of INR 11 lakhs.
By the year 2021, the company made a sale of INR 46-50 lakhs. Currently, the monthly sales of Nomad Food Project is more than INr 19 lakhs. The company received funding from 4 Sharks of INR 40 lakhs in exchange for 20% equity.
Tweek Labs
Anant Sharma, Ayush Kushwaha, Shwetank Shrey, and Aman Parnami who introduced themselves as a professor and student team brought a unique sportswear product named, Tweek Labs. The product was a smart wearable that captured the motion of an athlete in 3D. The team asked for INR 40 lakhs in exchange for 2% equity in the company.
The company valuation during that point of time was INR 20 crores. The company was still at its early stages in terms of its sales during that point of time. The company was just starting to sell its kits to academies. Ultimately the deal was closed with Sharks Peyush Bansal, Ashneer Grover, and Anupam Mittal for a whopping amount of INR 60 lakhs in exchange for 10% equity.
Wakao Foods
Founder and CEO of Wakao Foods, Sairaj Dhond and introduced his famous Jackfruit recipes to the Sharks. The company had just started in the year 2021 and the team of Wakao only took two years to scale the brand beyond Indian territories and has been recognized as India’s First and Most Loved Plant-Based product company.
The ask was for INR 75 lakhs in exchange for 5% equity in the company. The company valuation during that year was around INR 15 crores. Sairaj revealed that within 10 months after opening his business his company made a sale of around INR 60 lakhs which was itself an impressive thing.
It was Sharks Vineeta, Namita, and Ghazal who offered Sairaj INR 75 lakhs in exchange for 30% equity. In the end, a deal of INR 75 lakhs in exchange for 21% equity was closed.
Humpy A2
Humpy A2 is an authentic, native, and chemical-free food items options one-stop-destination. The company ties up with local farmers to do chemical-free farming and reaches the ultimate products to the final customers. A2 is the scientific term for a type of protein found in milk. Founders Malvika Gaekwad, Vishal Chaudhari, and Jaywant Patil represented their organic milk products to the Sharks.
The ask was for INR 75 lakhs in exchange for 4% equity. The company valuation during that point of time was INR 18.75 crores. Started earning its revenues in August 2017, the company earned a revenue of INR 65 lakhs in its first financial year. By the year 2021 came the company had reached INR 2 crore revenues.
Sharks Ghazal and Peyush offered an eye-opening offer to the co-founders with INR 75 lakhs in exchange for 10% equity. In the end, Shark Vineeta along with the other two sharks made a joint offer of INR 1 crore in exchange for 15% equity which was accepted by the team.
Quirky Naari
The Quirky Naari is a lifestyle and apparel brand that was founded by Malvica Saxena. Started in the year 2018 the company was started with very limited resources. It recognises itself as India’s first hand printed denim brand. Founder Malvica asked for INR 35 lakhs in exchange for 5% equity.
The company valuation at that point of time was INr 7 crores. The revenue that the company made before coming to Shark Tanks for a timeline of 6 months was INR 15 lakhs.
Sharks Vineeta and Anupam offered Malvica INR 35 lakhs in exchange for 25% equity. Malvica’s counteroffer was INR 35 lakhs in exchange for 20% equity. In the end, a deal was closed for INR 35 lakhs in exchange for 24% equity.
The brand is now selling its products through its website, Instagram handle, and Facebook. It is also planning to increase its visibility via platforms like Nykaa. The company has made a revenue of INR 45 lakhs so far.
Annie (Thinkerbell labs)
Co-founders of the company Sanskriti Dawle, Aman Srivastava, Dilip, and Saif represented their iconic product, Annie in the very first season of Shark Tank India. Their product, Annie, was developed to help educate visually impaired children. Their product, Annie is the world’s first self-learning and remote-enabled braille literacy device that could help visually impaired children.
It was the special guest named, Prathamesh Sinha who literally pitched about all the products by demonstrating the magical device, Annie. The founders asked for 0.5% equity for INR 30 lakhs. The company had a valuation of INR 60 crores at that point in time.
The company was already backed by famous entrepreneurs like Anand Mahindra. The team revealed that they made a revenue of INR 5 crore in FY 21-22. By the year 2022 founders hold a net worth of INR 20.3 crore.
It was Shark Anupam who offered INR 30 lakhs in exchange for 2% equity but Peyush Bansal countered with INR 1 crore in exchange for 5% equity. Namita Thapar disrupts both offers by offering a deal of INR 30 lakhs in exchange for 1% equity. Anupam, Peyush, Ashneer & Namita’s counter offer was made for INR 1 crore in exchange for 4% equity.
The team made their counteroffer for INR 1.2 crore in exchange for 3% equity. A final counteroffer from Anupam was made for INR 1.05 crore in exchange for 3% equity which was the deal that the team accepted in the end.
Meatyour
Arnav Gandhi, Saisharan Gandhi, and Vardhaman Gandhi are the founders of Meatyour who represented their company in Shark Tank India season 1. Meatyour team introduced their poultry eggs to the Sharks and revealed that not only their eggs were fresh and organic but did not have any kind of smell to it making it convenient for all age groups to consume them easily. The company started by the father and two-son duo was in the year 2020.
The company team revealed that their B2B business made them a revenue of 1.3 crore in FY 20-21. The company’s B2C sales were INR 16 lakhs in FY 21-22. The original ask by the co-founders was INR 30 lakhs in exchange for 5% equity. Peyush Bansal and Aman Gupta made their offer with INR 30 lakhs in exchange for 20% equity.
The team made a counteroffer of INR 30 lakhs in exchange for 14% equity which was again counter-offered by Peyush Bansal, Anupam, and Aman with INR 30 lakhs in exchange for 20% equity. This deal was finally accepted by the co-founders of Meatyour.
Altor
Altor brought out their smart helmets in Shark Tank India season 1 by co-founders Bilal Shakil, Sayan Tapadar, Shamik Guha, and Anirban Gupta. The Altor team showcased its smart range of safety and smart headgear/helmet. These helmets attempt to prevent and detect accidents. The co-founders revealed that they started working on these smart helmets from the year 2019 as a company.
The original ask from the team members was INR 50 lakhs for 5% equity. Namita Thapar made the team a counteroffer of INR 50 lakhs in exchange for 20% of their equity. The company valuation during that point of time was INR 10 crores.
Aman Gupta made his offer for INR 50 lakhs in exchange for 10% equity. Namita later matched Aman’s offer. The Altor team made their counteroffer to Namita and Aman for INR 50 lakhs in exchange for 7%. This was the deal that both the Sharks agreed and thus the deal was made.
Revamp Moto
Revamp Moto is a Nashi-based EV startup that introduced its Electric bike on Shark Tank season 1. The company founders, Jayesh Tope, Pritesh Mahajan, and Pushkaraj Salunke represented their product. The task was made directly for INR 1 crore in exchange for 1% equity. The team had revealed that they had already received an order for 50,000 e-bikes already at that point of time.
Later in the episode Aman made an offer to the team for INR 1 crore in exchange for 3% equity. Ashneer Grover couldn’t hold back but to make an offer of INR 1.2 crore in exchange for 2.5% of equity. The final deal was made with Sharks Anupam and Aman for INR 1 crore in exchange for 1.5% equity.
Ariro
Ariro Toys is founded by Ramasamy Nishananthini and Tamilselvam Vasanth Kumar and it is the couple who pitched about their neem wood-made wooden toys. In June 2020, the couple launched their official website selling wooden toys for kids. The ask made by the couple was INR 50 lakhs in exchange for 2.5% equity. The company valuation at that point of time was INR 20 crores.
The sale that the company was making as revealed during the pitch on Shark Tank was 20-35 lakhs per month. The revenue that the company was making was around INR 3 crores. Ashneer Grover was the first one to put his offer on the table which was INR 50 lakhs in exchange for 15% equity. Aman and Peyush made a joint offer similar to Ashneer Grover which was INR 50 lakhs in exchange for 15% equity.
Anupam made a counteroffer to both the other offers which stated INR 50 lakhs in exchange for 12% equity. Ashneer reduced his equity to 11% equity. Anupam made his offer to INR 50 lakhs to 10% equity immediately after. Anupam and Ahsneer made a joint offer of INR 50 lakhs for 10% equity. Vasanth and Nisha’s counter offer was to Aman and Peyush to make their offer to INR 50 lakhs in exchange for 10% equity. Aman and Peyush became the final investors for INR 50 lakhs in exchange for 10% equity