- Founders: Zamzeer Ahamed & Jameela Ruhi
- Business: Kunafa
- Ask: ₹90 Lakhs for 5% Equity
- Valuation/ Networth: ₹18 Crores
- Funding: No Deal
- Sharks: No Deal
- Episode: Season 1 Episode 28
Kunafa World Shark Tank India Pitch:
Kunafa World is an Indian startup which sells over 15 varieties of Kunafa desserts. The owners added that Kunafa is a Middle Eastern dessert which is served with sugar syrup. It is a 100% vegetarian dessert. They also use high-quality cream. Further, They have sold over 2 lakh kunafas in 2 years. The owners’ vision is to take that number to 10,000 per day. Therefore, they sought an investment of ₹90 Lakhs for 5% of the company, valuing their business at ₹18 Crores.
Kunafa World started in July 2018 and has 4 outlets in Bangalore and 5 other outlets across India. Also, In their first financial year of FY19-20, the company made ₹55 Lakhs in revenue. Further, This was followed by ₹2 Crores in FY20-21. They have made ₹1.7 Crore this year so far with a net profit of 30%.
Kunafa World Shark Tank India Negotiations & Funding:
Vineeta was the first shark to go out due to the lack of scalability of the business. She added that it is also very capital-intensive. Further, Anupam suggests the company should change its focus to a cloud kitchen model and sell it on Swiggy/Zomato. Namita shared the same sentiment as Anupam, and they both go out due to this reason. Gazal goes out due to her not liking the product. Peyush also goes out due to the business being not investable at this stage.
Who are the owners of Kunafa World?
Zamzeer Ahamed & Jameela Ruhi own Kunafa World. They are based in Bangalore.
How is Kunafa World doing after Shark Tank India?
Our research into Kunafa World revealed that despite not getting a deal, the company is still thriving after the show. Also, The show gave them exposure across India which in turn validated their presence. In winter 2023, Kunafa world got a shout-out from Bollywood superstar, Ranveer Singh in an Ad Campaign for Zomato. You can check out Kunafa products by clicking the Amazon button below!
As of February 2024, the company is still in business and expanding, Their newest location is Banglore opening in February 2024.
Source: Instagram @kunafaworld
Here is an update on other companies from Season 1 Episode 28.