Fashion, Jobs, and Butterfly Pea Tea Wow Sharks With Sales!1 month ago Rituka M
Sharks back Gavin Paris’ co-founders, but not the company
Fashion is a dynamic industry, and trends keep changing with every season. Previously, quality and fitting were primary factors, but today, it’s not the same. With oversized and distressed clothing in trend, Gavin Paris brings clothing where fit doesn’t matter. Kishor Jairamka & Ashutosh Roy launched Gavin Paris in 2022 as a new-age streetwear clothing brand that sells oversized, not plus-size clothing. Aiming their products towards the age group of 18-30, Gavin Paris primarily markets through Facebook and Instagram. With 4 categories, they have sold over 25,000 products through their website only. In 7 months since inception, they have Rs. 1.4 crore in sales with 60% gross margins and a 15.8% growth rate.
The founders seek an investment of 50 Lakhs for 5% equity @ a 10cr valuation. Shark Vineeta offers a conditional deal of 30 lakhs for 20% @ a 1.5 cr valuation & 20 lakhs in debt @12% interest with a condition that 40% equity goes to Ashutosh. The founders respectfully denied the offer.
Unstop’s unstoppable opportunities!
Often graduates are lost or do not find the right opportunities for them. Over 1 crore graduates cannot find the right jobs after graduation. To provide a platform for companies to discover, engage, assess, and hire talent, Unstop was born as the brainchild of Ankit Agarwal. Unstop is a full-stack platform for branding, sourcing, and assessment. The platform has two aspects, user and company. The users can access multiple competitions, job opportunities, internships, part-time jobs, etc. The companies can host competitions, post job openings, and shortlist candidates.
Over 5 lakh students participate in these competitions and colleges can start free competitions on the platform. Unstop has over 1500+ live opportunities, and 10k colleges with over 40L students registered. The company began as Dare2compete in 2017 and in 2022 it was rebranded as Unstop. By reaching a wider audience, Unstop helps students find a wider range of opportunities. With 12.5 crores in sales year to date, they have a projection of 35 crores. With a gross margin of 90%, they have 15 lakh monthly active users with a cost per hire of 10-15k with a placement success rate is 98%.
Unstop has over 1500+ live opportunities, and 10k colleges with over 40L students registered. The company began as Dare2compete in 2017 and in 2022 it was rebranded as Unstop. By reaching a wider audience, Unstop helps students find a wider range of opportunities. With 12.5 crores in sales year to date, they have a projection of 35 crores. With a gross margin of 90%, they have 15 lakh monthly active users with a cost per hire of 10-15k with a placement success rate is 98%.
Unstoppable Pitch By Unstop
Unstop seeks an investment of 1 crore for 1% equity @ a 100 crore valuation. The Sharks jumped in with multiple offers. Amit, Namita, Aman, and Anupam joined in for a deal and offer 2 crores for 4% equity @ a 50 crore valuation. Unstop chose this deal and is on a journey to bring the right jobs to every student.
Blue Tea brings its unique tea to the tank
Tea has become a largely popular drink all over the world. With multiple types of tea available, bringing you a unique type of herbal tea made from butterfly pea flowers, Blue tea was started by Nitesh Singh & Sunil Chandra Saha. Blue tea is a herbal tea brand that specializes in flower tea. Their USP is that their tea has no bitterness, no caffeine, sufficient anti-oxidants, is soothing, and is good for the skin. The products are available online across India & 12 countries. They have 50 flavors in India and 35 flavors in the US. They have 1.5 crores in monthly sales with 80% foreign and 20% domestic; With a growth rate of 400% and a projected sales of 30 crores in FY22-23.
The founders seek an investment of 75 Lakhs for 1% equity @75cr valuation. Aman offered a deal of 30 lakhs for 5% equity @ a 30 crore valuation and 45 lakhs debt at @12% interest. Blue Tea countered and Aman pushed in a final offer of 50 lakhs for 3% equity @ a 16.67 crore valuation and 25 lakhs debt at @12% interest. They took the deal and aim to bring blue tea to every household across the world.