- Founder/Owner: Alok Chawla, Neeta Chawla & Virendra Kumar
- Business: Ecommerce platform
- Ask: ₹1 Crores for 1% Equity
- Valuation/ Networth: ₹100 Crores
- Funding: No Deal
- Sharks: No Deal
- Episode: Season 3 Episode 47
Kiko Live Shark Tank India Pitch:
KiKo Live is a platform where business can create their own website and sell their products online. The founders shared that their target market includes Kirana Stores, Pharmacies, Electronic Goods Vendors & others. The also offer the sellers on platform support with local deliveries. Additionally, No commissions are charged to sellers for orders or deliveries made through Kiko Online shop. Soon, KiKo live would list sellers products on government platform ONDC which would increase TAM for the sellers. The founders sought an investment of ₹1 Crores for 1% of the company valuing the business at ₹100 Crores.
Kiko Live’s Revenue & Financials during Shark Tank India:
KiKo Live have a patient granted for their system for Live-Interactive Online shopping. Also, They made revenue of ₹3 Lakhs in September 2023. Moreover, In their first Financial year FY21-22, The company made a revenue of ₹6 Lakhs followed by ₹25 Lakhs in FY22-23.
KiKo Live have raised 3 investment rounds before their pitch. They diluted 10% of the company in their first round where they raised ₹90 Lakhs at ₹9 Crores valuation in early 2021. Second round was done around end of 2021 where they raised ₹7 Crores at ₹28 Crore valuation. Their last round was done in 2023 at ₹80 Crore valuation and they raised ₹5.5 Crores in that round. The company still has ₹3 Crores left in the bank.
Kiko Live Shark Tank India Negotiations & Funding:
Namita was the first shark to go out due to too many unknown variables in this business. Vineeta goes out citing the competition has tons of capital which Kiko does not have. Anupam goes out citing its too overpriced for him. Deepinder felt like entrepreneurs were pitching ONDC more than their own business therefore he goes out as well. Aman liked the entrepreneurs but he couldn’t justify the valuation therefore he goes out as well. Kiko Live leaves the tank without a deal.
Who are the founders of KiKo Live?
Alok Chawla, Neeta Chawla & Virendra Kumar founded KiKo Live.
How is KiKo Live doing after Shark Tank India?
Our research in the company revealed that despite not getting a deal on the Shark Tank. The show gave KiKo Live a nationwide exposure which in turn would help them grow their business. As of April 2024, The company is still in business. you can check out their offerings through their website kiko.live. We will update this article with more information once that comes to light, In the meantime, you can check out Shark Tank India products by clicking the Amazon Button below!
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Here are other companies from Season 3 Episode 47.