Shark Tank India 2 12th January 2023 Written Update, Paradyes Shark Tank Full Episode

Shark Tank India 2 12th January 2023 Written Update, Paradyes Shark Tank Full Episode

Shark Tank India 2 12th January 2023 Written Update: SharkTank India 2023

Today's Shark Tank India 2 12th January 2023 episode starts with the first brand coming to the stage named "Paradyes".

Paradyes Hair Dye Brand

Started by a husband and a wife duo, Paradyes' expertise is in hair colouring products which range from permanent dyes to semi-permanent dyes.

The founders reveal that they want to break the stereotype in India regarding hair colouring and ask for 65 lakhs at 1% equity for a valuation of 65 crores.

All the Sharks get very impressed with the packaging and the average selling price of Paradyes' product is 1100 rupees.

They quote their last month's sales to be 51 lakhs.

Peyush Bansal makes the first offer of 65% for 5% equity with a valuation of 13 crores.

At the same time, Vineeta Singh and Anupam Mittal also make an offer together for 65 lakhs at 4% equity for a valuation of 16.25 crores.

Namita backs out while Aman Gupta also jumps in and quotes his offer of 65 lakhs at 3% equity.

He asks Vineeta to join him while Anupam feels disheartened.

Peyush then makes an offer of 65 lakhs at 2% equity with a valuation of 32.5 crores.

Anupam soon backs off as he feels Paradyes is creating a dirty situation and the Sharks are fighting for it.

Peyush even comes down at 65 lakhs for 1% equity but he backs off seeing Anupam.

Paradyes grabs the deal offered to them by Aman & Vineeta at 65 lakhs for 2% equity with a valuation of 32.5 crores.

What is Nestroots?

The second brand to grace the stage is Nestroots.

Its founder, Chaavi Singh demands 50 lakhs at 1% equity for a valuation of 50 crores.

Nestroots sell furniture, dining cutlery, etc.

Chaavi reveals that this year's sales would be 16 crores with a net margin of 14%.

All the Sharks opt out as they feel there's foreign competition too and advise Chaavi to focus on marketing.

Namita Thapar offers her a deal of 50 lakhs for 2% equity with a valuation of 25 crores and Nestroots leaves the stage, happily with a heft offer.

Comfortable Coezy Sleeps

The last brand to come for their pitch is Coezy Sleeps.

Started by Hardik, Coezy Sleep aims to increase the sleeping experience of adults who go through insomnia and anxiety.

He invites Anupam Mittal to try the product and Anupam gets wrapped in a cocoon-type fabric.

All the Sharks laugh when Anupam questions Hardik about what to do if they have to go to pee or poop.

However, leaving the laughter aside, all the Sharks opt-out as the business is in a very early stage and has only started sales last month.

End of today's Shark Tank India 12th January 2023 episode.

To download Shark Tank India Season 2 all episodes or watch today full episode (12 January 2023) online, go to sonyliv.com

Cached Saved on: Wednesday 25th of January 2023 09:33:56 AMCached Disp on: Thursday 9th of February 2023 04:52:25 AM