- Founder/Owner: Dalip Kumar
- Business: Love Making Furniture
- Ask: ₹2 Crores for 10% Equity
- Valuation/ Networth: ₹20 Crores
- Funding: No Deal
- Sharks: No Deal
- Episode: Season 3 Episode 44
Luvottica Shark Tank India Pitch:
Luvottica is an Indian startup which appeared on Shark Tank India Season 3 Episode 44. They create love-making furniture which can be used comfortably during intimate activities. They focus on sexual wellness, Yoga & Meditation. The Brand started in 2019 and they have fulfilled over 650 orders so far. The founder sought an investment of ₹2 Crores for 10% of the company valuing the business at ₹20 Crores.
Luvottica’s Revenue & Financials during Shark Tank India:
Luvottica is still operating under another company of the founder at the time of the pitch but it would be incorporated as a different entity in 2024. 50% of the total revenue so far came from the couches.
Luvottica is projecting to make around ₹1 Crore in FY23-24. The company has a gross margin of 80% and their net profit after all expenses is expected to be between 30-35%.
Namita was the first shark to go out citing she wouldn’t be able to help with this business. Aman goes out due to similar sentiment. Ritesh goes out citing he doesn’t have expertise in this area. Vineeta goes out because she felt like it would be difficult to create a business in this industry. Anupam also goes out due to same reason. Luvottica goes out of the tank without a deal.
Who is the founder of Luvottica?
Dalip Kumar founded Luvottica. He is from Abohar, Punjab.
How is Luvottica doing after Shark Tank India?
Our research in the Luvottica revealed that while they did not get a deal on the show, their appearance on the Shark Tank gave them a nationwide exposure which would translate into the business as well. As of May 2024, The company is still in business and thriving, they just launched more products which you can check out through their website or by clicking the Amazon button below!
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Here are other companies from Season 3 Episode 44: