- Founders: Kalyani Shah, Tanmay Shah & Bipin Shah
- Business: fruit-based Products
- Ask: ₹1 Crore for 3% Equity
- Valuation/ Networth: ₹33.33 Crores
- Funding: No Deal
- Sharks: No Deal
- Episode: Season 1 Episode 14
Morriko Pure Foods Shark Tank India Pitch:
Morriko Pure Foods is an Indian startup which specializes in fruit-based bars, rolls, slices and powders which are tasty, healthy and nutritious. The founders sought an investment of ₹1 Crore in exchange of 3% of the company giving them a valuation of ₹33.33 Crores.
Morriko Pure Foods was established and incorporated in 2016. They started their sales in 2018 and have made ₹5.95 Crores since their inception. The company made revenue of ₹1.43 Lakhs in the last financial year of FY20-21. They have made 1 Crore this financial year of FY21-22 so far. They sell through both B2B and B2C models. The majority of their business however comes from their B2B sales. The founders added that they are completely bootstrapped.
Morriko Pure Foods Shark Tank India Negotiations & Funding:
Namita was the first shark to go out because she thought that other sharks were better suited for this offer. All other four Sharks join hands to give an offer of ₹1 Crore for 25% of the company, valuing the company at ₹4 Crores. The founders take a moment to think and comes back to the counter at ₹1 Crore for 8% of the company. Sharks decline that offer therefore Morikko foods leave the tank empty-handed.
Who are the founders of Morriko Pure Foods?
Kalyani Shah, Tanmay Shah & Bipin Shah founded Morriko Pure Foods.
How is Morriko Pure Foods doing After Shark Tank India?
Our research in the company revealed that while they did get an initial boost after its appearance on Shark Tank India. Morriko Pure Foods went out of business in 2023. The founders have moved on to working full time on the wholesale business kamdhenufoodsltd. This would be out final update on Morikko Pure Foods. You can check out other Shark Tank India products by clicking the Amazon button below!
Thank you for supporting the blog as we make small commissions on purchases done through the above link.
Here is an update on other companies from Season 1 Episode 14.