Roshaan Vivekanand Mishra is the Co-Founder of Brandsdaddy. He previously worked as an insurance policy salesman.
ABOUT THE COMPANY
Brandsdaddy AFE is a ball that automatically extinguishes fires. People of any age can use the product without any training. It has a 5-year shelf life, no maintenance costs, and is portable. This product is entirely made in India. The government, schools, hospitals, corporations, fire stations, BSF, and even insurance companies use their product. Their mission is to put out fires before first responders arrive and to avoid any mishaps.
SHARK TANK
At a valuation of 14 crores, the founders asked for 70 lakhs for 5% equity in the company. Monthly sales total 12 lakhs. In fiscal years 20-21, sales were 51 lacs, and in fiscal years 21-22, sales were 1.45 crores. The gross margin is 60%, with a 10% net margin. The average B2B selling price ranges from $1,000 to $1,500. The MRP of the product is 5000.
At a valuation of 7 crores, Namita offered 35 lakhs for 5% equity in the company and 35 lakhs in debt at 12% interest.
At a valuation of 10 crores, the founders make a counter offer of 50 lakhs at 5% equity and 20 lakhs in debt at 12% interest.
The final agreement was reached with Namita for 35 lakhs for 5% equity and 35 lakhs for 12% interest, as well as the valuation of seven cores.
