From An Innovative Way To Recycle To Maintain Your Hair7 months ago Rituka M
Scrap Uncle, Sharmaji ka atta, and Manetain secure deals from the Sharks and are on a journey to transform how India recycles, eats, and maintains their hair!
ScrapUncle Secures A Deal To Revolutinize Recycling
The scrap market in India is massive. And recycling it can be a task in this unorganized sector. Bringing a one-stop solution to the customers, Mukul Chhabbra started Scrap Uncle in August 2020. The platform provides trained & verified agents who can be booked through the application or website who accurately weigh and provide the best value for your scrap. Uncle Scrap automates the process of recycling and has completed over 221 pickups in Delhi NCR region in the last 2 years. With a 16,300 crore market size with 12,000 dealers in Delhi alone, Scrap Uncle has 1.48 crores in sales for FY21-22. The retention rate of the users of 50% in a 4 months cycle and they have a projection of 6 crores in FY22-23. Prior to partnering with Scrap Uncle, dealers used to earn 30-35k monthly, and now the collection partners earn 60-70k monthly.
Pitching his startup to the Sharks, Scrap Uncle seeks 60 lakhs for 3% equity @ a 20 crore valuation. Vineeta offers a deal at 30 lakhs for 5% equity @ a 6 crore valuation & 30 lakhs in debt @12% interest. Amit and Anupam got into a bidding war and finally, Amit offered 60 lakhs for 5% equity @ a 12 crore valuation. Mukul took this offer and is on a way to bring an innovative way to recycle scrap products.
A Healthier Flour From Sharmaji ka Atta
Health has become a priority for everyone now, and being conscious about nutrition and the ingredients is very important. Bring a healthier version of atta to the market, Sangeeta & Pranav Sharma started Sharmaji ka Atta in 2019. Born out of a necessity, Sharmaji ka Atta has 40 varieties of flour available across leading stores in Pune with 4000 customers. They aim to expand to make it a national brand. With 27 lakhs in FY21-22, they have a projection of 40 Lakhs this financial year.
They seek an investment of 40 Lakhs for 10% equity @ a 4 crore valuation. Sharks Amit, Vineeta, and Anupam offered multiple deals with counters, but the founders didn’t want to take up any debt. Anupam offers 40 lakhs for 20% equity @ a 2 crore valuation, and the founders took the deal!
Maintain Your Hair With Manetain
Every hair texture is different and finding the right product in India can be difficult. Over the world, over 60% people have curly or wavy hair. However, the Indian market lacks proper products catering to this market. To solve this issue, Hinshra Habeeb & Yuba Romin Aga launched Manetain. Their products are free of sulphates, parabens, and toxins and are available on their website and e-commerce marketplaces. With 1 crore in sales for FY21-22, they have a gross margin of 40%.
Asking for an investment of 75 Lakhs for 2.5% equity @ a 30 crore valuation, Manetain received an offer from Shark Aman. Offering them a conditional deal of 75 lakhs for 10% equity @ a 7.5 crore valuation. The condition being that they need to hire a CMO to handle the branding and marketing. The founders took this offer!