Cheesecakes, Art, And A Proud Community7 months ago Rituka M
Cheesecake & Co. Make A Cheesy Appearance
Owned and run by Mr. Himanshu Gakhreja, and Ms. Shreya Agarwal Cheesecake & Co. is a startup that specializes in vegan cheesecakes which are of superior quality and 100% eggless. With an aim to allow everyone to enjoy a cheesecake in its pure essence, Cheesecake & Co. has over 15 varieties of cheesecake. What started in 2018 as a bootstrapped business has now expanded across Delhi and Bangalore with 19 outlets overall. They have over 2.5 lakhs in orders and have sales of 1.9 crores, year to date. Moreover, the prices of the cheesecakes are affordable for the quality of the product to an average middle-class person.
Seeking an investment for their delicious business, Cheesecake & Co. pitched an ask of Rs. 1 crore for 2% equity @ a 50 crore valuation. The Sharks really enjoyed the cheesecakes presented to them and appreciated the founders for capturing the essence of the cheesecake so well. Sharks Aman & Anupam wanted to cash in on the deal and offered 50 lakhs for 5% equity @ a 10 crore valuation & 50 lakhs in debt at @15% interest. The founders did not want to take up any debt and countered the sharks and received a counteroffer of 1 crore for 5% equity @ a 20 crore valuation. However, Cheesecake & Co. did not take the offer.
Sharks ‘Dabble’ And Seal A Deal
Creativity and childhood go hand in hand. However, with the use of chemicals, dyes, and unknown ingredients in the products used by kids nowadays, it becomes really difficult for parents to find the right products for their children. To solve this problem, founders Neha Bajaj & Karen Saldanha came up with Dabble. With 10 products in their portfolio, Dabble builds child-safe, toxin-free, and development-friendly art products. From organic beeswax crayons to fingerpaint kits, Dabble is available on its website or through various e-commerce marketplaces. They are also the first art company in India to mention all the ingredients on the packaging of its products. The founders mention that this is to ensure transparency and build a trusting bond with the parents. Incorporated in 2018, Dabble has sales of 33 lakhs, year to date for this financial year.
With a vision to make dabble the first art experience for kids, they seek an investment of 50 lakhs for 10% equity @ a 5 crore valuation. The Sharks were absolutely intrigued and interested and Dabble received two offers. Anupam gave an offer of 50 lakhs for 33.33% equity, and Aman offered 15 lakhs for 10% equity & 35 lakhs in interest-free debt. The founders of Dabble went ahead with Aman’s offer and aim to bring a smile to every child’s face with their fun and safe products.
Cloud Tailor, A New Way To Tailor Clothes
Finding a tailor who is good and reliable in the unorganized tailoring segment is a huge task. Moreover, if by chance there is a need for an alteration, setting up a convenient time with the tailor becomes another issue. To eliminate this issue, founders Rudra Pratap, Susmitha Lakkakula & Mahesh Patel started Cloud Tailor. It is a revolutionary one-stop personalized fashion and tailoring platform for women. Cloud tailor is available through their website or app where the users can consult designers or custom design their outfits for stitching. The app also has a feature that allows users to upload a picture of the design they want and allows for customization. Additionally, they are available offline through their exclusive brand outlets and shop-in-shops.
Cloud Tailor has a delivery of within 24 hours to 7 days depending on the design and is primarily based in Hyderabad. With a 27000 crore market size, Cloud Tailor has a growth rate of 50% and has sales of Rs. 34.8 lakhs in the last month. Having previously raised funding from TiE at a 50cr floor & 80cr ceiling valuation in early 2022 and again on July 22, Cloud Tailor seeks an investment of Rs. 1 crore for 1.4% equity @ a 72.43 crore valuation. However, the Sharks did not take the bait and no offers were made.
BeUnic – A Marketplace By And For The LGBTQ+ Community
Pride comes from acceptance and freedom, and with the LGBTQ+ community has received the freedom to be who they are. However, there was still a lack of a safe space for the community. What began as a footwear brand for the LGBTQ+ community, soon became a marketplace where the people from the community could showcase and sell their products. With over 5 crore people in India belonging to this community, founders Ashish Chopra, Simmi Nanda, & Vishesh Chopra wanted to build a safe space and bring acceptance to the world. Providing LGBTQ+ creators the opportunity to promote and sell their products on their platform, BeUnic was born.
They have over 26 creators with over 500 products for and by the community. The products come under the BeUnic brand name and the designs are sourced from creators who receive commissions for sales made. During FY21-22, BeUnic has 50 lakhs in sales, and in the last month, the sales were 6 lakhs. The products are available through the website. At the tank, the founders seek an investment of 1 crore for 10% equity @ a 10 crore valuation. Peyush made a conditional offer of 25 lakhs for 25% equity & 75 lakhs interest-free debt, on a condition to make the company a D2C brand. However, the offer was respectfully denied by the founders.