Dattatera Vyas is an electrical engineer and looks after business operations and marketing. He is the co-founder of the company.
ABOUT THE COMPANY (SWADESHI BLESSINGS)
‘Desh ka mitti’ is a boon to us. The soil aids in the production of various fruits and vegetables, which is extremely beneficial to human life. Soil also protects us from potentially fatal diseases. That is why our forefathers ate with clay kitchenware, which has since been replaced by aluminium utensils. Swadesh Blessings was discovered in order to bring back those good old days. Swadeshi Blessings is an artisanal kitchenware and home decor brand that creates clay kitchenware as well as marble and wood products. They have delivered over 20,000 products across India and 25 countries. They have mitigated the fragile situation by laying a layer of mud at the bottom. Their monthly breakage is only about 3%. They did not use any glazing substance because it is harmful to our health. They are lacking in marketing and require funds to close this gap in their business. The business was founded in the year 2020. The Frying Pan is their best-selling item. The average cost of their product in India is 900 rupees, and it costs around 7700 rupees to export. They are listed in Etsy business listings in the international market. They are available in the UK, US, Canada, and Switzerland, among other places. They’ve already registered with Walmart.
They have 20 potters on their team.
SHARK TANK
Pitchers demanded 50 lakh rupees for 5% ownership of the company.
The sales in FY 20-21 were 30 lakh rupees. In FY 21-22, sales were 1.8 crores, and in FY 22-23, net sales to date are 1.2 crores, with a projected sales of 3.6 crores. COGS account for 40%, shipping for 18%, packaging for 5%, channel margin is 12%, marketing is 10%, and EBITDA is around 15%. The gross margin is approximately 60%. Last month’s sales were 28 lakhs, with a 15% net profit. They earn 65% of their income from exports and 35% from sales in India. Vineeta and Namita counter with a 25 lakh rupee offer for 5% equity and a 25 lakh rupee debt at 12% interest.
Pitchers counter with a 25 lakh offer for 4% equity and 25 lakhs in debt at 12% interest.
Vineeta and Namita agreed to a deal worth 25 lakhs for 5% equity and 25 lakhs in debt at 12% interest.
