Gharsoaps at Shark Tank India: Making Skin Care Simple And Effective

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. 

Peyush Bansal - CEO & Co-founder of Lenskart. 

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

Shark Tank - Gharsoaps 

Sayyam Jain & Sunny jain are co-founder of Gharsoaps. They are from Pune, Maharashtra. Sayyam Jain is 21 years old and Sunny Jain is 28 years old. They both are step brothers. Sunny Jain was brought up by his uncle and he was sent to Hyderabad, Bangalore and then to Pune for studies and supported him a lot. Sayyam Jain left his studies early and started business at a very young age. Both brothers met in Pune and started Gharsoaps business. They were seeking Rs. 60 lakhs for 2 % equity, valuing the company at Rs. 30 Cr. 

What does Gharsoaps do? 

Gharsoaps is a unique skin care brand whose products have a unique formulation of active chemicals and Ayurvedic ingredients. 

It has many products like skin care bodies which can be purchased from the website and other online platforms also. His vision is to take ancient Ayurveda and modern science to the entire world. Its specialties are Ayurvedic soaps, Natural and Organic soap. 

What did the Sharks say? 

Namita opted out saying that “I have already invested in a skin care business.” 

Amit Jain opted out by saying that “I am not able to understand the depth of the product, neither am I hearing any word of science nor any word of doctor nor any word of Ayurveda.” 

Anupam and peyush's offered Rs. 60 Lakhs for 10% equity and valued the company at Rs. 6 Cr.  

Aman offered Rs. 60 Lakhs for 10% equity, valued the company at Rs. 6 Cr.

Then Sayaam and Sunny countered with an offer Rs. 1 Cr. For 5% equity and valued the company at Rs. 20 Cr.

Then again Aman offered Rs. 60 lakhs for 4% equity and valued the company at Rs. 15cr.

Anupam and Peyush again offered the same Rs. 60 lakhs for 4% equity and valued the company at Rs. 15cr.

Finally, They accepted Aman’s offer and the deal was closed on these terms.

Conclusion

It was an engaging episode where participants successfully received a joint offer from Sharks Anupam & Peyush and received an offer from Shark Aman Gupta. They secured deals with shark Aman 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. 

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