Shark Tank India, which is at the moment streaming its Season 4 on Sony LIV, just lately noticed a sibling duo from Delhi who offered their firm making dietary supplements for pores and skin, hair and physique. The founders stated that aside from pores and skin and hair care tablets, they’re additionally coming into the ‘slimming options’ market. Shreyansh Chauhan and Anousha Chauhan offered their firm known as Beautywise as they sought an funding of Rs 1 crore from ‘sharks’ in change for 1.5 p.c of the corporate, valued at Rs 66.67 crore.
Aman Gupta was impressed by the packaging of the merchandise and stated, “Aapki dawa humein diva bana degi (Your medication will flip us right into a diva.)” Anousha shared that she has labored as a mannequin beforehand and upon studying that she was 40 years outdated, Vineeta Singh complimented her appears and stated that she was the perfect model ambassador for her product as she appears 18.
The founders have been requested about their ‘slimming answer’ tablets and Namita Thapar stated that she had a “large downside” with how they have been pitching their product. She then stated that the components talked about on the label are utilized by the diabetics however now, the burden loss fad has elevated a lot that individuals are getting injected by such merchandise at kitty events. She stated that this may be excessively dangerous to 1’s physique. The founders claimed that they’ve executed 6 medical trials with 60 sufferers and have recorded weight lack of round 1.4 kgs, and a discount in waist dimension however Namita wasn’t impressed with that as she discovered the pattern dimension to be too small. The trials weren’t carried out in India. She finally bought out of the negotiation as she learnt that the product are being primarily bought at pores and skin clinics and so they have been getting an enormous lower of the sale. Vineeta Singh additionally bought out of the deal as she realised that they have been spending loads on advertising and marketing.
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The founders bought three offers from Ritesh Agarwal, Kunal Bahl and Aman Gupta. Ritesh offered a deal of Rs 1 crore in change for two.38 p.c of the enterprise however put forth a situation that he’ll solely make the deal if the trials might be independently verified by his workforce. Kunal additionally offered a take care of a give attention to constructing the model as he supplied Rs 2.15 crore for five p.c of the corporate. Aman known as them “one of many smartest founders” he has met and offered a deal of Rs 1 crore for 3 p.c of the corporate.
The founders gave them a counter supply of Rs 3 crore for six p.c of the corporate, valuing the corporate at Rs 50 crore, and Aman jumped on the deal, and the in the end locked it.
