How is Be U Natural Doing After Shark Tank India?

Founder/Owner: Deepak Sharma
Business: Salons
Ask: ₹60 lakhs for 2.5% Equity
Valuation/ Networth: ₹24 Crores
Funding: No Deal
Sharks: No Deal
Episode: Season 3 Episode 33

Be U Natural Shark Tank India Pitch:

Be U Natural is an Indian startup which appeared on Shark Tank India Season 3 Episode 33. This is a chain of unisex salons which provides customers affordable services. They provide hair smoothing for ₹1,999 which comes with free branded shampoo and conditioner. The company have priced their Keratin treatment at ₹999 and full body waxing at ₹49 for their members. They have 6 salons in operation in 5 cities and have 4 more salons in the pipeline. The founder sought an investment of ₹60 lakhs for 2.5% of the company valuing his business at ₹24 Crores.

Be U Natural’s Revenue & Financials during Shark Tank India:

Be U Natural opened its first location in November 2015 and currently operates in Delhi, Lucknow, Ghaziabad, Kanpur, and Noida. The founder shared that for them, CapEx to open a new location is ₹15-20 Lakhs. Last month, their Delhi outlet generated ₹10 Lakhs, of which they paid ₹1.8 Lakhs in rent, ₹1.5 lakhs in salaries, ₹2 lakhs for the products, and ₹1.8 lakhs for GST, leaving them with ₹2.9 Lakhs for EBITDA.

In the month of September 2023, Be U Natural generated revenue of ₹28 lakhs. They made a net profit of about ₹9 lakhs out of that revenue. Also, they are projecting to close FY23-24 at ₹4 Crores. They closed last year at ₹2.46 Crores with profits of around 28%. Be U Natural has also developed an in-house product for keratin treatment which they sell under the brand name of Agami professional.

Be U Natural Shark Tank India Negotiations & Funding:

Aman was the first shark to exit because he felt that the business wasn’t investable. Namita goes out because she felt that this business model would not work in India. Deepinder goes out citing it’s a bit too early. Vineeta shared the same sentiment, therefore, she goes out as well. Anupam couldn’t figure out how he would make money in this business, therefore he also goes out. Be U Natural walked out of the tank without Funding.

Who is the founder of Be U Natural?

Deepak Sharma founded Be U Natural. He has a background in Hotel Management.