- Founder/Owner: Karan Joshi & Sanil Joshi
- Business: Mental Health Tools
- Ask: ₹75 Lakhs for 7.5% Equity
- Valuation/ Networth: ₹10 Crores
- Funding: No Deal
- Sharks: No Deal
- Episode: Season 3 Episode 42
Odd Giraffe Shark Tank India Pitch:
Odd Giraffe is an Indian startup which appeared on Shark Tank India Season 3 Episode 42. They are an online wellness brand that provides easy-to- use mental health tools. They sought an investment of ₹75 Lakhs for 7.5% of the equity valuing the business at ₹10 Crores. Their product line includes Journals, Planners & Notebooks. All their products are based on research. They have over 100 designs available and everything is made-to-order with option of personlisation.
Odd Giraffe’s founder shared that journaling aids the understanding of one’s own emotions, Reduces stress and anxiety and fosters the development of positive habits. They have over 1 Lakh customers and have a community of over 80,000 on Instagram. Their products are available through their own website.
Odd Giraffe’s Revenue & Financials during Shark Tank India:
Odd Giraffe was started in 2018 and they have raised 1 round already. In 2019, They raised ₹25 Lakhs for 10% of the company. They made revenue of ₹4.1 Crores in FY22-23. The company is projecting to close the FY23-24 at around ₹9 Crores. They made ₹27.8 Lakhs in August 2023 with a net loss of ₹3.25 Lakhs. The founders added that they broke even in the last financial year but they would be profitable in FY23-24. Odd Giraffe has in average order value of ₹1,650.
Odd Giraffe’s Shark Tank Negotiations & Funding:
Namita was the first shark to go out citing this has very low barrier to entry for competition and would be difficult to scale. Aman felt like it’s a niche market therefore he goes out as well. Vineeta shared the same sentiment therefore she goes out as well. Anupam couldn’t see the scale of the business therefore he went out as well. Amit also goes out citing it’s not investable at this stage. Odd Giraffe left the tank without a deal.
Who are the founders of the Odd Giraffe?
Karan Joshi & Sanil Joshi founded Odd Giraffe. Karan has graduated in advertising and worked with several global brands.
How is Odd Giraffe doing after Shark Tank India?
Our research in The Odd Giraffe revealed that while they did not get a deal on Shark Tank India, The show overall had a positive impact on the business. They got a nationwide exposure and the positive comments on the show from sharks would translate well into sales. While their financials are not yet public, we will update this article once more information comes to light. In the meantime, You can check out their website and other products through Amazon by clicking the Button below!
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Here are other companies from Season 3 Episode 42.