Namakwali at Shark Tank India - Namakwali Valuation and Funding

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.

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

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

Namita Thapar - Executive director of Emcure Pharmaceuticals. 

Shark Tank: Namakwali 

“Shashi Bahuguna Raturi and Suvendu Raturi”, founders of ‘Namakwali’ are from Devbhumi, Uttarakhand. From a young age, Shashi used to work on environmental and women’s empowerment. When the mothers of the children used to go to the jungle, they used to lock their children in the room, then she opened Balwadi school, where she taught kids about nature and birds, keeping them engaged and informed for 4 hr.

Each day. In 2020, Suvendu returned from Spain due to COVID and saw his mother struggling to manage rising salt orders at home. Recognizing an opportunity, he decided to permanently join this business and, by 2022, left photography to join it full-time. Today, that business also is thriving with a strong team handling packaging. 

What does Namakwali do? 

Namakwali is an organic brand based in Uttarakhand. The product range includes Pisyu Loon salt, Pahadi haldi, Pahadi mix masala, Badri cow ghee, honey, chutneys, and more. This product is organic, free from preservatives, and chemical free. Sample products include garlic salt, ginger salt, and mixed salt. Available on Amazon and the company’s own website. This product is healthy. They are seeking ₹50 lakh for a 5% equity stake, which values the company at ₹10 crore.

Namakwali Net Worth and Valuation

Namakwali  Valuation Rs 2 crore when they presented their idea to Shark Tank India.

What did the Sharks say? 

Aman Gupta gets out by saying that the sales are very low and you people will have to work a lot and specially he advised that they have been given a platform so they can make it very big. This is your opportunity and secondly he said that they should not get involved with investors right now. He gave a suggestion, Focus more or packaging as it is an important part of a brand's identity.

Namita advised that you should find a co-founder with expertise in business, finance, marketing, and operations. She mentioned, “You are too early for an investor,” That's why she also decided to opt out.

Anupam Mittal gets out saying that “you do not have this clarity. What is the market size today and you also do not have clarity on how you will expand it in the future. He advised you to do some online courses on entrepreneurship and business and startup development and that’s why I will not be able to join it.”

Vineeta also gets out saying that “the team seems incomplete right now so I will not be able to join right now.”

Amit Jain says “I want to guide you so I would like to join.” He gave the offer: Rs. 10 lakhs for a 5% equity stake, along with Rs. 40 lakhs in debt at an 8% interest rate for three years, valuing the company at ₹2 Cr.

They accepted the offer and finalised the deal with Shark Amit Jain.

Conclusion

 It was an engaging episode where participants successfully secured a deal with Shark Amit Jain 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