PDD Falcon is a steelware startup and got featured in Shark Tank India. This article will tell you about pdd falcon products, pdd falcon stainless steel, pdd falcon steel products, pdd falcon shark tank, pdd falcon founder, falcon products, shark tank india judge, shark tank india website, shark tank india and shark tank india judges net worth.
|Company Name||PDD Falcon|
|Founder||Chirag Visaria and Sneha Visaria|
|Valuation||Rs 25 Crores|
|Networth||Rs 4.6 Crores|
|Business Category||Stainless steel products|
|Funding Asked||Rs75 Lakhs for 3% Equity|
|TV Show||Shark Tank India – Episode 28|
Introduction to the Pitch | PDD Falcon
Chirag Visaria and Sneha Visaria are the foudners of PDD Falcon. They served Baked food from her mother’s hands. For an Indian family, it is not regarded as a steel box as foods use to be exchanged in these boxes.
With time this steel box has been disappeared and now its place has been taken by Microwave and Plastic boxes.
What is PDD Falcon | Shark Tank India
PDD Falcon is the solution for this. Here they make non-Toxic, Food Safe, Ec0-friendly, and Innovative Premium quality redefining truly stainless steel. Today’s mom prefers sustainable and safe products to include in their lifestyle. After hearing the reviews of all housewives and professionals PDD falcon has added 300 Products to their collection of stainless steel products.
Joy and Zoee – PDD Falcon’s child range
Joy and Zoee is the name given to safe steel for little ones which means that this is their Kids range for steel products. Under20s is proud to tell that the founders have worked immensely hard to make and stand this 100% Make in India Brand.
What is their ask from sharks? | Shark TanK India
This is their beginning and they need the guidance of sharks to grow fast. For this, they have asked Rs75 Lakhs for a 3% Stake in their company.
Valuatuon of PDD Falcon is Rs25 Crores
QnA | Sharks asking PDD Falcon | Shark Tank India
What is the background of Founders?
They are life partners as well as business partners. Chirag has a family business and his father involved Sneha in their family business. From there she gained knowledge about the steel industry.
They aimed to start their brand name and end consumer recognize their product by their company only.
They thought that they will only build Tiffen boxes and there were a lot of 6000 boxes that were going to scrap. They began with 1st boxes and then made a stell sipper with steel straw which is not seen normally.
How much Sales and networth of PDD Falcon?
In the financial year of 2020-21, they have clocked Rs2.42 Crores and in FY19-20 before covid, it was Rs2.2 Crores. You will be amazed to hear that they had only made Rs 10 Lakhs in the first financial year (FY18-19).
This year they are projecting to clock Rs4.6 Crores at year-end.
What are the top products of PDD Falcon?
They are the first ones in the market to made steel choppers.
Steel Sipper Bottle
They are the steelware Tupperware alternative.
They are not having branding on their products. Which makes them weak.
What are the margins?
The gross margin is 30% which is very less as they are own manufacturing
1:1 | Sharks investing in PDD Falcon | Shark Tank India
She has made her decision as the gross margins are low so it becomes a limit to everything as funds for marketing will be less available. Vineeta is facing the category issue and will not be able to participate in their pitch.
The new generation is not adopting this kind of product and they will have to do new category generation which will be very difficult. For this reason, he will choose to stay out of this pitch.
She has also made her decision as in other products there is nothing new and trendy therefore she is out.
This is a very non-cool category for today’s millennials. You will have to add that cool thing to your brand to make yourself different from others. For today he will like to stay out.
She said that the founders are having mo shortage of funds.
Offer- Rs30 Lakhs for 10% Equity and Rs45 Lakhs Debt @ 12% interest.
The last Clash between Falcon Steel vs Ghazal
They countered the offer with Rs75 Lakhs for 6% Equity.
Ghazal countered Rs75 Lakhs for 11% Equity on the condition that if they will be unable to make it 12 Crores they will return the money with interest.
Falcon stayed on their last offer.
Hence the deal was unable to crack and Pitchers gained much mentorship from Tank.
Don’t forget to read this!
You can read about these Sharks and Creators and How they build their Billion Dollar Brands by clicking down on their respective Names.
- Aman Gupta-CMO and Co-Founder of boAt Headphones
- Ashneer Grover– Founder of BharatPe
- Vineeta Singh– CEO Sugar Cosmetics
- Anupam Mittal– CEO and Founder of Shaadi.com
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