Conscious Chemist at Shark Tank India

Shark Tank India is an Indian business series. The show is the Indian franchise of the American show Shark Tank. Several startups present their creative and innovative business ideas to a panel of judges and aim to secure funding. Judges evaluate the valuation of the business and provide funding to the startups in exchange for either ownership stakes or a specific percentage of equity in the company.  The judges also provide valuable mentorship to help these startups navigate challenges they may encounter in their startup journey.

This season, the lineup of judges for Shark Tank features:

Aman Gupta - Co-founder and CMO of Indian electronics brand boat Lifestyle.

Anupam Mittal - CEO & Founder of People Group and Shadi.com.

Namita Thapar - Executive director of Emcure Pharmaceuticals. 

Vineeta Singh - CEO & Co-founder of Sugar Cosmetics.

Amit Jain - CEO & Co-founder of cardekho Group.

Shark Tank - Conscious Chemist 

Robin Gupta is founder and Prakher Mathur CEO of Conscious chemist. Robin is from Alwar, Rajasthan and Prakher is from Jaipur, Rajasthan. Prakher manages market places and marketing. Robin manages investor relations. They were seeking Rs. 60 Lakhs for 2% Equity and valuing the company at Rs. 30 Cr.  

What does Conscious Chemist do?

Conscious Chemist Science-backed and an innovative clean brand. It Formulates solutions for various skin concerns. Conditions addressed Includes Hyperpigmentation, Ageing, Acne, Keratosis pilaris, Scars, stretch Marks. Its mission is to create products that are safe for skin & the environment. Its specialties are Beauty, Skincare, Suncare and Dermacosmetics. 

What did the Sharks say?

Namita opted out saying that “your runway is very short and there is a lot of confusion in your mind regarding strategy and your scale is very small.” 

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Vineeta also opted out saying that “if your distribution strategy is messed up then it has to be made a big business on marketplace and quick commerce and this is the deficiency of your team. This has to be solved.” 

Amit Jain also opted out and said that “the way you are saying that your product is so good but I am not able to find its proof point anywhere in the numbers.” 

Aman Gupta also opted out and he advised him to hire a salesman. 

Anupam Mittal also opted out. 

Conclusion

It was an engaging episode where participants unfortunately did not secure any deal with sharks and received valuable mentorship to help grow their businesses. Now, everyone is eagerly awaiting the next episode, looking forward to discovering more intriguing businesses and their strategies for raising funds from the panel of judges. 

Read more- Namakwali at Shark Tank India - Namakwali Net worth and Funding