Beyondwater to bag a deal of Rs.75 lakhs at Shark Tank India!1 year ago Nethrikaa Greeshma
Beyondwater is no ordinary water, it is India’s first liquid enhancer. The job of this product is to make the water clean and tasty which is both fun to drink and good for health. Beyond Water is a problem-solving product that has been introduced in India which everyone needs today. People drink more water than they eat, but because of the adulteration happening in water these days, we cannot trust the drops we drink! So this amazing product is perfect for solving this problem and is also small enough to carry it with us on travel. All we have to do is just add this liquid to the water before we intake it and you can drink the purified water immediately.
Beyond water is a “Palm-Sized Squeeze Bottles comes ” in just 100ml and can be carried anywhere and everywhere. There are many flavors in it like Orange, lemon, nimbu pani, mango, and peach pulps, which adds a very good taste to water. It even provides daily vitamins to the body and this product is suitable for all age groups. The founders of BeyondWater is Devang Singhania and Sachi Singhania, both of them are residents of Kolkata, West Bengal, India. Founder Devang started this startup in 2020. This is a successful startup that can gain billions of dollars business in the near future!
Apart from being available on multiple e-commerce platforms of BeyondWater India, it is also available in retail. This product is being sold in many grocery markets of Kolkata with the price of Rs.300 respectively. The entire sales within a year were more than 1000 considering offline and online platforms. The average valuation of Beyondwater is ₹18.75 Crores.
The original ask by the pitchers was for an investment of Rs. 75 lakhs for the equity of 4%. Sharks Namita and Aman have come up with a counteroffer of 50 lakhs and 25 lakhs in debt at 12% interest in exchange for 20% stock in the company. Namita and Aman revised the offer to 75 lakh rupees with no debt. Pitchers have countered a 75 lakh rupee offer for a 10% stake in the company. Finally, the deal closed at INR 75 lakhs for the equity of 105 by Namita and Aman respectively. Let’s wish the team Beyondwater best of luck.