This story focus on bamboo India, bamboo india shark tank, shark tank india, bamboo india toothbrush, bamboo India BRUSH, bamboo india founder, bamboo india products, bamboo startup india Bamboo India is going to be the 10th Shark Tank India story featured on Under20s.
Introduction to Pitch
Ashwini Shinde and Yogesh Shinde are the founders of startup Bamboo India. They are going to revolve the whole world around these bamboos. Plastic toothbrushes were started in 1980 and till now. The first toothbrush ever used is present on Earth and is affecting our environment. Bamboo India has researched and found a solution to remove this problem.
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Bamboo India Toothbrush | Shark Tank India
Bamboo India presents Bamboo Toothbrush. It is a natural 100% Bamboo made toothbrush that is easily decomposable. They have manufactured over 40 Lakh Bamboo Toothbrushes till now and delivered across the globe. If we talk about India they have successfully delivered in more than 2050 Pincodes across India. Their products are listed on their own site BambooIndia.com, Amazon, and Flipkart. They are also available in 300 Retail outlets in India.
In the early days of their business, they were feeling tough to make even 100 brushes but as of now, they are manufacturing 50,000+ Brushes every day.
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What is their ask for Investment from Sharks? | Shark Tank India
For the development of their business, they require the investment of 80 Lakhs in exchange for 4% Equity. Their company’s valuation is Rs 20 Crores. They invite all the Sharks to be a part of Bamboo India.
QnA | Sharks vs Pitchers | Bamboo India in Shark Tank India |
What is the Background of Founders?
They have done KG to PG in Pune only which means the prep classes to Post Graduation. Yogesh has done post-graduation in computers and after that, he joined an IT Company. He spent 5 years in Germany and received many awards for creativity.
Why did they choose Bamboo Toothbrush as a Business?
As you know there is a lot of Bamboo available near Pune and India is the second-largest Bamboo Growing Company in the world. They are the first to launch Bamboo Toothbrush in India. In the early days, they were making handcrafted toothbrushes. The bamboo market of India is of 5000Crores.
What is the pricing of toothbrushes?
When Bamboo India started making toothbrushes at that time the cost was about 180Rs and now the selling cost is reduced to 45Rs. It costs to them for 15Rs only.
What were the sales of Bamboo India?
In the financial year of 2020-21, they have clocked to 2.8Crores and This year will clock to 4 Crore.
What is the Role of Ashwini in Bamboo India?
She looks after the online, admin panel, and logistics.
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Investment Session | Offers from Sharks | Shark Tank India
He made Bamboo India an offer of 20 Lakhs for 4% Equity and 60 Lakhs as debt.
Their Business is doing great work in this domain and she will not be able to make a good offer so she is out.
He suggests Bamboo India focus on brand making and He offered them 80 Lakhs for 20% Equity.
These were the offers made by Sharks on a solo basis but now it’s time for teaming up. Anupam Mittal and Ashneer Grover got together and on the other side, Aman Gupta and Peyush Bansal got in the team.
Anupam Mittal and Ashneer Grover
They provided them the support of Brand Building as they are experienced in the same. Ashneer and Anupam made a combined offer as 40 Lakhs for 8% Equity and 40 Lakhs as Debt.
Peyush Bansal and Aman Gupta
They together made an offer of 80 Lakhs for 20% Equity.
Counteroffer from Bamboo India and Sharks
Bamboo India made them a counteroffer of 50 Lakhs for 3% Equity and 30 Lakhs as Debt. After listening to this Anupam made an offer of 50 Lakhs for 6% Equity and 30 Lakhs as Debt. Peyush and Aman’s new offer was Rs 50 Lakhs for 5% Equity and 30 Lakhs Debt.
Anupam and Ashneer’s revised offer
Anupam and Ashneer made a counteroffer of 50 Lakhs at 4% Equity and 30 Lakhs as Debt.
The final offer from Peyush Bansal
Now Aman reduced his and Peyush’s offer to 50 Lakhs for 4% equity and 30 Lakhs as debt.
Ashneer’s final offer
Ashneer reduced equity at 3.5% for 50 Lakhs and the deal closed at Rs 50 Lakhs for 3.5% Equity and Rs 30 Lakhs Debt.
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