• Founder: Prajjwal Gupta
• Business: Chemicals
• Ask: ₹40 lakhs 5% Equity
• Valuation: ₹8 Crore
• Result: No Deal
• Sharks: No Deal
• Episode: Not Aired

Shark Tank Pitch:

Introducing four innovative solutions for various problems, Pichem Chemicals offers Everpristine for Shoes, Everpristine for Hospitals, Houses, and Offices, X Coat for vehicles, and a water repellent for all kinds of technologies. The minimum curing period for coating is 4-5 hours.

They have generated approximately ₹12 lakhs in the last 8 months, with the last month’s revenue reaching ₹1.77 lakhs due to a tender from the Railway. Their gross margin stands at 50%, and the projected turnover for this year is between ₹25-30 lakhs.

Shark Tank Negotiations:

All the sharks appreciate the hustle that Prajjwal has put into getting his company to where it is. Aman asks if Prajjwal is fully committed to the company, to which he responds with a resounding “Yes!” Ashneer, however, doesn’t feel that Prajjwal has identified the right problem, so he decides to bow out. Peyush follows suit, citing that he doesn’t believe in the business and that it’s too early for him. Namita also decides to exit the deal, as she feels she lacks expertise in this particular business. Aman, too, states that he cannot add value to this venture and opts out. Anupam, while declining to invest, wishes Prajjwal the best of luck.

pic.twitter.com/YlJInnaKi1

— PiChem Chemicals Pvt. Ltd. (@magicalpichem) February 7, 2023

Do you think the sharks made the right choice by not investing in the business? Let’s find out!

How is PiChem doing after Shark Tank?

Our research on the company revealed that it is no longer in business. Their last social media post was in May 2023, and since then, there has been no activity on their pages. It appears that Prajjwal may have taken Anupam’s advice and made an attempt to succeed but ultimately realized this venture was not for him. While there are no updates on what he is currently working on, we will update this post as soon as any news comes out.

Click here to learn more about other Unseem pitches on Shark Tank!