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.
Vineeta Singh - CEO & Co-founder of Sugar Cosmetics.
Peyush Bansal - CEO & Co-founder of Lenskart.
Anupam Mittal - CEO & Founder of People Group and Shadi.com.
Namita Thapar - Executive director of Emcure Pharmaceuticals.
Shark Tank - FarmDidi
Anukrit Johari, Manjari Sharma & Asmita Ghodeshwar are founders of FarmDidi. Anukrit is from Bahadurgarh, Haryana. Manjari is from Lucknow, Uttar Pradesh. Ashmita is from Amravati, Maharashtra.
Asmita completed her engineering degree in Computer Science from Amravati, followed by an MBA. She then gained 16 years of professional experience in the IT industry.
Manjari Sharma studied at Ramjas College, Delhi, and later studied at the Indian Institute of Management, Kolkata. She has completed projects in banking, finance, and FMCG sectors with the government.
Anukrit studied at Delhi Technological University, New Delhi, and later at the Indian Institute of Management, Kolkata. They are seeking ₹50 lakhs for 2% equity, valuing the company at ₹25 crore.
What does FarmDidi do?
They have given a platform where women cook food at home, they already have the skill and they can earn income by using it. They are making pickles and chutneys in the traditional way of the village and earning income.
Train village women on food business through the FarmDidi App. They visit villages to teach them how to make quality and hygienic food products. Over 1,500 Didis are associated. Over 70 Didis are Farm didis.
Farmdidi Net Worth and Valuation:
Farmdidi valued at Rs 10 Cr. when they presented their idea to Shark Tank India.
Company Name |
Farmdidi |
Valuation |
INR 10 Cr. |
Networth |
Undisclosed |
Founder |
Manjari Sharma |
Headquarter |
Pune, Maharashtra |
Founded Year |
2021 |
Business |
Food and Beverage Services |
Profitability |
Undisclosed |
Got Investment: |
Yes |
What did the Sharks say?
Namita opted out saying that you should ask for your valuation as per your sales and your ambition and future sales.
Aman Gupta also opted out.
Anupam Mittal also opted out saying that I will not be able to go up to the offer you have received in terms of valuation.
Peyush and Vineeta offer Rs.1 Cr. for 10% equity, valuing the company at Rs.10 Cr.
They accepted the offer and finalised the deal with Sharks Peyush Bansal and Vineeta Singh.
Conclusion-
It was an engaging episode where participants successfully secured a deal with Sharks Peyush Bansal & Vineeta Singh 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- Nemocare Shark Tank India Season 3
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