Sunny Jain is the company’s Co-Founder of Ghar Soaps. He is twenty-one years old.
ABOUT THE COMPANY
Ghar Soaps is a one-of-a-kind skincare line. It is a one-of-a-kind combination of Ayurveda and Science, with ingredients like haldi, Kesar, and antimicrobial agents like salicylic acid and nicotinamide. They sell skincare, body care, and hair care products. The products are available for purchase through their website and online apps. Their goal is to bring the fusion of Ayurveda and modern technology to the rest of the world.
SHARK TANK
The pitchers requested 60 lakhs for 2% equity in the company, valued at 30 crores.
On August 22, sales are expected to total one crore. On July 22, sales stood at 80 lakhs. The first-quarter sales in FY 22-23 were 1.5 crores. The profit is 15 lakhs. Marketing accounts for 25% of total revenue. They devote 70% of their budget to performance marketing and 30% to influencer marketing. Both founders have a 50% stake in the company. 70% of total sales come from their own website, with the remaining 30% coming from the marketplace.
Peyush and Anupam make a 60 lakh offer for 10% equity in the company at a valuation of 6 crores.
Aman made a 60 lakh offer for 10% equity in the company, valued at 6 crores.
The founders countered with a 1 crore offer for 5% equity in the company at a valuation of 20 crores. Aman reduced his offer to 60 lakhs for 4% equity in the company valued at 15 crores.
Peyush and Anupam reduced their offer to 60 lakhs for 4% equity in the company valued at 15 crores.
The final agreement was reached with Aman for 60 lakhs in exchange for 4% equity in the company at a valuation of 15 crores.
