- Founders: Kaushal Modi & Sukriti Agarwal
- Business: Event Planing
- Ask: ₹50 Lakhs for 5% Equity
- Valuation/ Networth: ₹10 Crores
- Funding: No Deal
- Sharks: No Deal
- Episode: Season 1 Episode 17
Outbox Shark Tank India Pitch:
Outbox claims to be India’s first premium surprise planning company. The company started in 2017 and has been bootstrapped and profitable since its inception. The founders sought an investment of ₹50 Lakhs for 5% of the company giving them a valuation of ₹10 Crores.
Outbox’s cheapest service is at ₹3500 and the most expensive service is at ₹1.5 Lakh which is for purposes. The company has made gross sales of ₹5 Crore since their inception. They closed last year at ₹1.1 Crores. They are hoping to Close FY 21-22 at ₹1.5 Crores as they have already done ₹70 Lakhs so far.
Outbox Shark Tank India Negotiations & Funding:
Ashneer goes out of the deal due to him not having an interest in the business and not liking the logos or website of this venture either. Peyush added that this is not a defensible business and can be copied by anyone. Due to these reasons, Peyush steps out of the negotiations.
Aman didn’t feel this was a scalable venture therefore he goes out as well. Namita feels the same way as Aman and she goes out as well. Anupam didn’t see how the founders would grow this business therefore he goes out as well. He added that he is still open to talk about it after the show. Outbox Left the tank without any offers.
Who is the founder of Outbox?
Kaushal Modi & Sukriti Agarwal founded Outbox.
How is Outbox doing after Shark Tank India?
Our research in the Outbox revealed that while they did not get a deal on Shark Tank India, the company is still in business as of May 2024. The founder Sukriti Agarwal shared in an interview with Twisted Truths that they are working with Anupam after the show. While their numbers are not yet public, we will update this article when that information comes to light.
In the meantime, you can check out their website for more information and click the Amazon button below to check out other Shark Tank products.
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Here is an update on other companies from Season 1 Episode 17.