Find your kicks India – All Sharks Deal At Shark Tank India
2 years ago Nethrikaa GreeshmaOne of the best episodes with an outstanding pitch in Shark Tank India who bagged an “All Shark Deal” is Find your kicks India!
Find Your Kicks India, a reseller aggregator platform was established by Simardeep Singh, Harshdeep Singh, Danish Chawla who are all 24 years old young men from Punjab. This is a unique platform where one can get various limited-edition sneakers in multiple sizes with no chance of fake ones. All these sneakers are checked and verified thoroughly before selling and also anyone can sell their sneakers at profit using this platform. The owners of finding your kicks India have stated that currently they are operating on Instagram with 40k followers and are ready to launch their app and website soon! The Pitchers have approached Sharks with an investment of 50 lakhs for 10% equity.
In the last 8 months, they had a revenue of 26 lakhs and thus the total
valuation of the company sums up to 5 cr where the last month sales scale to 3.5 lakhs respectively. They even stated that their net profit is 17 lakhs and the average selling price of a sneaker is 20k. At first, the two Sharks: Ashneer Grover and Namita gave an offer of 50 lakhs at 30% equity, and later, impressed with their pitch and sales all the Sharks gave a counteroffer of 50 lakhs for 25% equity.
After a lot of discussions, the super trio of finding your kicks India has accepted the offer from Ashneer Grover, Peyush Bansal, Namita Thapar, Aman Gupta, and Anupam Mittal and bagged an All shark deal of 50 lakhs with 25% equity in the company!
