Blog

On the Tank Head and Heart was founded by Gurunandan Singh in 2015. After working 23 years in corporate, Gurunandan once went to Malaysia and saw this technique, during a seminar. He came back and insisted his wife teach their students the same technique. After some time, they got the idea to teach other students too. So back in 2014, they did their first pilot in Delhi with 15 students and got a good response from there. Taking advantage of this he deep dived into this business and started “Head and Heart”. Moreover, this would help children enhance brain capabilities. Shark Tank Recap Head and Heart (HnH) isa digital initiative that offers courses and programs to help people use their brains to their fullest potential Vision/Purpose Ask- ₹50 lakhs for 5% of equity in the company making the valuation stand at 10 Crores. Offers: As such no offer was made to Head and Heart Shark Tank Live Ask ₹50 lakhs for 5% of equity in the company making the valuation stand at 10 Crores. Demo Review Mehak and Chehak with blindfolds on their eyes shock the sharks by identifying the items and their colors from a bowl containing different items. Moreover, they are surprised when Mehak takes a glue out and identifies that its color is blue, however, the cap is yellow. Moreover, they identified thread, ribbon, and box. Later and the sooner they took different items like a cough tablet, pink rose, white wireless earphones, Stevia sachet (alternative of sugar in beverages), and a five hundred rupee note(by reading the serial no. written)  from the sharks that Mehak and Chehak identified. Business Model of Head and Heart Taking ₹5 lakhs for the franchise model in which training would be given to the person and a 30% royalty would be charged thereon. Sales and Revenue of Head and Heart Generated ₹30 lakhs in revenue in the last year. They have Trained 5000+ people before covid-19. After COVID-19 on 27 April 2020, they started their first online session after research for teaching in online classes.110 students from 7 different countries came with no special marketing Feedbacks from the sharks Ashneer- I can’t find anything tangible in this. This this just like a magic trick with no research. Anupam- I don’t know how can you defend this from online coaching like Unacademy and Byjus. Aman- By training a trainee, the trainee can become the next trainer. So this a big problem and I am out. Namita- instead of edtech focus on corporate training more. Which results in immediate business. Vineeta- as such I can’t see any clarity of business. Deal As such no offer was made to Head and Heart. Head and Heart Beyond Tank tank updates Beyond Tank constantly provide updates and follow-ups about the entrepreneurs from the day they appeared on Shark Tank India.

On the Tank Before, starting Tagz in 2019, Anish Basu worked as a sales manager at Coca-Cola for almost 3 years, as an area sales manager, and as a regional sales manager at Nokia. Later in 2013, he started Shotang (now closed), a platform to connect retailers, distributors, and manufacturers. Similarly, Sagar Bhalotia worked as a product manager for Quickr and General manager in OYO They are the only Indians to have popped chips set up. These popped chips are available in 6 flavors, with a gourmet dip in 4 international flavors. Listed on over 30 platforms, like its own website, Amazon, Big Basket, and presence of over 2000 retail stores. Tagz Shark Tank Recap Tagz has a USP of popped chips and its setup came up with a proper brand positioning on the tank. To disrupt the chips, dips, chocolate, and cookies market with different products in the future. Ask- ₹70 lakhs for 1% of equity in the company, making the valuation stand at 70 crores. To be used to expand their distribution bandwidth and access to Shark’s network and expertise. Deal- Ashneer would come alone for 70 lakhs for 3.5% equity (valuation 20 crores). Shark Tank Live Ask ₹70 lakhs for 1% of equity in the company, making the valuation stand at 70 crores. To be used to expand their distribution bandwidth and access to Shark’s network and expertise. Tagz previous investment rounds They have done 2 prior rounds of seed funding of ₹2 crores pre-money and ₹4 crores at a valuation of ₹20 crores. Business Model Tagz has a significant presence on both online and offline channels; through listing over 30 platforms and the presence of over 2000 retail stores, they have generated a total of rupees 8.5 crores in revenue in the last 2 years. However, 66% of their sales are coming from online channels. Sales and Revenue of Tagz The popped chips are available in 6 different flavors, with gourmet dip available in 4 international flavors. Listed on over 30 platforms, like its own website, Amazon, Big Basket, and presence of over 2000 retail stores. They have generated a total revenue of ₹8.5 crores in the last 2 years. In addition, 40% of their sales are coming from their website, which is a good sign. However, 66% of their sales are coming from online channels. Also, their average gross profit is 48% Feedbacks from the sharks Anupam: I love your product, but how can you scale this to a 100 crore business? Also, the valuation you asked for is very high. Vineeta: Doing D2C in this segment would be a loss-making game. So, focus on B2B and take the shopkeeper network to 2 lakhs. Ashneer: You must focus more on offline distribution channels. Offer for Tagz Namita and Aman would come together (35 lakhs each) at ₹ 70 lakhs for 3% equity (valuation: 23.3 crores), Ashneer- Alone for ₹70 lakhs for 2.75% equity (valuation: 25.45 crores), Counter offer 70 lakhs for 2.5% equity (valuation 28 crore). Deal Ashneer would come alone for 70 lakhs for 3.5% equity (valuation 20 crores). Tagz Beyond Tank tank updates Beyond Tank constantly provide updates and follow-ups about the entrepreneurs from the day they appeared on Shark Tank India.

On the Tank Heart Up My Sleeves founder Riya by Education is a psychologist turned entrepreneur. Moreover, according to her LinkedIn profile, she has obtained various certifications for the HR role. Interned and worked with companies like Gaotek INC., and Michael Page. But, taking advantage of her family business knowledge (Indian garment) and experience (as an HR), she started “heart up my sleeves”. Why started Heart Up My Sleeves? During the lockdown, on a random day Riya decided to clean her wardrobe just to make her mom happy and what she realized is after having a lot of clothes every time we have to go somewhere we feel like we don’t have any outfit to wear this time. This is the problem of every lady “More the clothes, less they are”. Moreover, everyone wants a new look and outfit for every occasion. To come up with this problem she decided to make something that could make multiple outfits and looks. hence, Heart Up My Sleeves was born. They make detachable statement sleeves that are unique, reusable, and sustainable. Also, celebrities like Hansika Motwani and Neha Kakkar have worn their sleeves. Shark Tank Recap  About the Product- They make detachable statement sleeves that are unique, reusable, and sustainable. Ask- ₹25 lakhs for 10% equity (valuation2.5 crores) with a vision of focusing on detachable collars, capes, and broaches in the next 5 years. Offers- Anupam and Vineeta would come together for ₹25 lakhs and 40% equity (valuation 62.5 lakhs) Deal- Anupam and Vineeta would come together for 25 lakhs and 30% equity (valuation 83.3 lakhs). Shark Tank Live Ask ₹25 lakhs for 10% equity (valuation2.5 crores) with a vision of focusing on detachable collars, capes, and broaches in the next 5 years. Business Model of Heart Up My Sleeves Heart Up My Sleeves is a fashion and lifestyle-based D2C brand, dealing in the detachable products category. Therefore, targeting Genz through Social Media Platforms. Sales and Revenue Dispatched 1003 orders in 9 months and generated a revenue of 11.5 lakhs from our website. Moreover, we will be available on Nykaa fashion from November 2021. The cost price is ranging between 700-750. and, the Selling price on Nykaa is between 1300-2900 which can be reduced by 20%. Feedbacks from the sharks Ashneer- there is nothing like a fast-mover advantage in the fashion industry, at first it looks unique but is ultimately copied and available to everyone. This is a lifestyle business and thus not investable. Aman- change the business name. Using the word sleeves in your name would make it rigid to diversify in the future. Also, this is small and not an investable business. Namita- Indian women have pear-shaped bodies. So the hips are wider and wearing this would make them look wider. Due to which market becomes smaller.so I am out. Offer for Heart Up My Sleeves Anupam and Vineeta would come together for ₹25 lakhs and 40% equity (valuation 62.5 lakhs) Counter offer ₹25 lakhs for 30% equity (valuation 83.3 crores) Deal Anupam and Vineeta would come together for 25 lakhs and 30% equity (valuation 83.3 lakhs). Heart Up My Sleeves Beyond Tank tank updates Beyond Tank constantly provide updates and follow-ups about the entrepreneurs from the day they appeared on Shark Tank India.

On the Tank Booz founder Rutvij is an automotive engineer turned entrepreneur who lives in Bhavnagar (a place where many founders are born) and completed his graduation in 2019 from Gujrat Technological University. Also, he is a member of SAEINDIA and learned machine learning fundamentals from the University of London. He previously worked with Menza Motors, the Institute of Infrastructure Technology Research and Management (IITRAM), Volvo cars, and Next modular vehicles Why started the business? Rutvij found it difficult to travel a short distance from Pg to his college; he didn’t want to buy a vehicle but was looking for a temporary solution. After researching, he found that many companies in the USA and Europe bring electric kickstart scooters to city transportation. Further experimentation found that these kick scooters are not for Indian infrastructure but can be used in some confined places. Then in 2017, Booz Scooters was born, which is an application-based electric kick scooter service provider operating in business and commercial parks, residential areas, industrial areas, education campuses, tourist spots, picnic spots, hotels, clubs, resorts, and many more premises. Shark Tank Recap  About the company/Product: Booz is operating as a MAAS- Mobility as a service, which facilitates ease in commute and leisure. Ask- Rupees 40 lakhs for 15% of equity in the company making the valuation stand at 2.67 Crores Deal- 40 lakhs (20 lakhs each) for 50% equity (valuation 80 lakhs). As, the business would require more hard work, time, and energy. Shark Tank Live Ask Rupees 40 lakhs for 15% of equity in the company making the valuation stand at 2.67 Crores Business Model of Booz Booz is operating as a MAAS- Mobility as a service, which facilitates ease in commute and leisure. However, Booz doesn’t manufacture their scooters but instead has an exclusive agreement with their supplier. Booz Scooter Sales and Revenue Moreover, he stated that he had invested around 10 lakhs till now. Despite, facing challenges due to COVID-19, Booz has generated a revenue of 4 lakhs in 10 operational months. Correcting him shark Aman Gupta said that you are wrong you have invested 40 lakhs (10lakhs investment +30 lakhs salary for 3 years) in this business and just generated 4 lakhs. Feedbacks from the sharks Anupam Mittal- Intra-campus cannot be profitable until and unless you connect a whole state or city, so stop this segment and this is not valuable for me. Namita – I can’t relate to the product and as such no excitement about the product. Aman- He said that you are wrong you have invested 40 lakhs (10lakhs investment +30 lakhs salary for 3 years) in this business and just generated 4 lakhs. So, I am out. Offer for Booz Vineeta and Ashneer would come for ₹40 lakhs (20 lakhs each) for 50% equity (valuation ₹80 lakhs). Counter offer ₹40 lakhs for 33.3% (valuation 1.2 crores) Deal 40 lakhs (20 lakhs each) for 50% equity (valuation 80 lakhs). As, the business would require more hard work, time, and energy. Booz Beyond Tank tank updates Beyond Tank constantly provide updates and follow-ups about the entrepreneurs from the day they appeared on Shark Tank India.