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Pharmallama to Skippi Ice Pops: Startups that bagged all-panel deals on Shark Tank India

Pharmallama

Pharmallama to Skippi Ice Pops: Startups that bagged all-panel deals on Shark Tank India
Business1 min read

On Thursday, Pharmallama, a startup providing a smart medicine box, received an all-shark deal on season 2 of Shark Tank India. An all-shark deal is when the entire five-member panel jointly invests in a startup. At any given time, five of the six sharks appear on the show - Anupam Mittal (founder, Shaadi.com), Aman Gupta (co-founder, boAt), Vineeta Singh (co-founder, Sugar Cosmetics), Peyush Bansal (co-founder, Lenskart), Amit Jain (co-founder, CarDekho.com) and Namita Thapar (executive director, Emcure Pharmaceuticals) are the sharks in Season 2. Jain came on board this season, replacing Ghazal Alagh (co-founder, Mamaearth) and Ashneer Grover (co-founder, BharatPe) from season 1. Here’s a look at Pharmallama and other startups that secured an all-shark deal on the show:

Snitch

Snitch
SonyLiv

The first startup on season 2 to bag an all-shark deal, Snitch is a men’s fast-fashion brand that designs styles in response to the latest trends. Founded in 2018 by Siddharth R Dungarwal, the Bengaluru-based startup secured an investment of ₹1.5 crore for 1.5% equity from Mittal, Thapar, Bansal, Singh and Gupta. In FY22, Snitch saw a four-fold jump in sales to ₹44 crore from a year earlier.

Mahantam

Mahantam
SonyLiv

Founded by brothers Dhaval Prakashbhai Nai, 20 and Jayesh Prakashbhai Nai, 22, Mahantam is an early-age startup making automatic tea glass washing machines for roadside tea stalls. Dhaval, who designed the machine, learned machine design from YouTube and worked with scraps to build the design. Impressed by the brothers’ determination and vision, all five sharks–Mittal, Gupta, Bansal, Singh and Thapar–invested ₹30 lakh in the company, for a 20% equity stake.

Skippi Ice Pops

Skippi Ice Pops
SonyLiv

The first startup to secure an all-shark deal on the show, Skippi Ice Pops is a Hyderabad-based popsicle brand founded by husband-wife duo, Ravi and Anuja Kabra. The duo received an offer of ₹1 crore for 15% equity from Grover, Thapar, Mittal, Singh and Gupta. Skippi Ice Pops, which sells popsicles in six different flavours, saw its monthly sales skyrocket from ₹5 lakh to ₹2 crore after appearing on Shark Tank India.

Find Your Kicks India

Find Your Kicks India
SonyLiv

Find Your Kicks India (FYKI) is an online marketplace for reselling sneakers, apparel and accessories. Founded in 2020 by Simardeep Singh, Danish Chawla and Harshdeep Singh, the Ludhiana-based startup received an investment of ₹50 lakh for 25% equity from Mittal, Grover, Bansal, Thapar and Gupta.

InACan

InACan
SonyLiv

As the name suggests, InACan produces ready-to-drink, crafted canned cocktails. The founders, Sameer Mirajkar and Viraj Sawant joined hands with experienced bartender Varun Sudhakar and came up with the concept of ready-to-drink cocktails during the Covid pandemic. The trio received an investment of ₹1 crore for 10% equity from Mittal, Grover, Bansal, Thapar and Gupta.

Sunfox Technologies

Sunfox Technologies
SonyLiv

Sunfox Technologies manufactures a smartphone-operated portable, pocket-sized ECG device called Spandan, which can be used by anyone, anywhere – even in remote areas where the network may be an issue. Founded by Rajat Jain, the startup received funding of ₹1 crore from Mittal, Bansal, Thapar, Alagh, and Singh, in exchange for a 6% equity stake. After appearing on the show, the startup’s monthly sales soared – from ₹1 lakh before the show to ₹40 lakh.

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