Geeta Govinda Patil is the Co-Founder of Patilkaki.
ABOUT THE BUSINESS
The company was founded in 2020. This is a brand of home-style snacks that sells snacks like chakli, chivda, puran poli, modak, and laddu. Patilkaki is a traditional snack made with no harmful ingredients and in accordance with all hygiene standards.
Their product is sold on their website. They have 18000 customers to date, and their vision is to deliver their homemade snacks across India. They want to bring the Patilkaki concept into every Indian home. Modak is the best-selling product. Their cloud kitchen products are Modak and Puran Poli, and their other products are scalable.
The current shelf life is 25 to 30 days, and the expected shelf life after nitrogen flushing is 2.5 months. Previously they raised 7.5 lakhs at the valuation of ₹10 crores then they had raised ₹29 lakhs at ₹10 crore valuation.
SHARK TANK
At a valuation of 16 crores, the founders requested 40 lakhs for 2.5% equity.
650 is the average selling price. Out of the total economic making cost, 25% is packaging, 15% is additional delivery, 25% is gross margin, and 30% is marketing. Their revenue in FY 21 to 22 is 1.4 crores, their revenue in FY 22-23 year to date is 1.02 crores, and their projected sales this year is around 3 crores. The monthly profit on June 22 was 1.08 lakhs, the profit in July was 2 lakhs, and the profit in August was 6.5 lakhs.
Anupam and Peyush made a 40 lakh offer for 4% equity in the company at a valuation of 10 crores.
Veenita offered 40 lakhs in exchange for 10% equity at a valuation of 4 crores.
Aman made a 40 lakh offer for 5% equity at a valuation of 8 crores. Aman revised his offer to 40 lacs in exchange for 4% equity.
Anupam and Peyush offered 40 lakhs in exchange for 4% equity in the final deal.
