Living in a metropolitan city is difficult nowadays. Industrialization and hustle to reach the top has created lots of air-borne issues in these cities. Also with liberalization, the authenticity of a product is also compromised for a cheap one. Today in Shark Tank India 2 craftswomen and two entrepreneurs came to make a difference in this reliability.
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Pabiben.com- Voice for all craftswomen
With the help of a marketing person, a small village housewife Pabiben, came to shark tank India with a vision to not only give India the colorful embroidery that defines Indian culture but also have her own name in the industry. She asked the sharks for a certain amount of equity and with some amount that gave them a valuation of 5 crores. The sharks loved the products and but only Namita offered them a deal to help women like her make her own identity in the industry.
Ubreathe
Two entrepreneurs hailing from Indore came up with the idea of air purification that will help a person live a healthy life. Their home air purifiers can give people as much pure air as they can get from planting 100 trees in their homes. The sharks didn’t find their product as appealing as they pitched but Namita offered them a deal with a debt @10% interest. At first, they try to negotiate but later took the offer.
Also, Read- Shark Tank S2: Sharks Are Surprised As Pitcher Asks For “No Money” But…
Home strap
A couple pitched the sharks the problem of buying and then storing things in cupboards to such an extent that the clothes start to fall out. They came up with the idea of organizing the clutter in the most sophisticated manner by giving portable organizers that can give space and eliminate the clutter formation in the wardrobe. They asked for 70 Lakh For 1% Equity in their company. Anupam offered them 50 lakhs for 10% equity and 20 lakhs debt for @10% interest. They offered a counter offer and the deal was done at 50 lakhs at 7% equity with 20 lakhs at 10% interest and the deal is done.