- Founder: Ajinkya Dhariya
- Business: Menstrual Products Recycling
- Ask: ₹50 lakhs for 2% equity
- Valuation: ₹25 Cr.
- Result: ₹ 1 Crore for 4% Equity
- Sharks: Namita Thapar, Vineeta Singh, Anupam Mittal and Peyush Bansal
- Episode: Season 2 Episode 23
Padcare Shark Tank India Pitch:
Padcare, a health-tech brand founded by Ajinkya Dhariya, made a significant impact on Shark Tank India with its innovative sanitary pad disposal machine. This article traces Padcare’s journey from its compelling pitch on the show to its impressive post-Shark Tank success.
Ajinkya Dhariya appeared on Shark Tank India with Padcare, a brand dedicated to addressing menstrual hygiene issues. He presented an ingenious solution for sanitary pad disposal and discussed various ways to recycle and reuse disposed napkins. Initially seeking Rs 50 lakh for 2% equity, Ajinkya ended up securing Rs 1 crore for 4% equity, showcasing the sharks’ enthusiasm for his social initiative.
The sharks were deeply impressed by Padcare’s mission and dubbed Ajinkya Dhariya the ‘Padman of 2022.’ Peyush Bansal, one of the sharks, offered the show’s first open offer to a pitcher, emphasizing the exceptional potential of Padcare. Aman Gupta provided valuable hardware and operational assistance, while Vineeta and Namita extended their support for the cause. This collective support from the sharks bolstered Padcare’s mission and vision.
How is Padcare doing after Shark Tank India?
Our research in Padcare reveled that the deal with Sharks went through and company is thriving! according to their website they have impacted over 11,000 Lives with total of over 1.34 Lakh pads recycled and 7179 Kg of carbon conserved. Post Shark Tank, Their team has grown and they hired for multiple positions to strategically grow the business.
Since its appearance on Shark Tank India, Padcare has experienced remarkable growth. Kanchi Baldwa, Padcare’s Marketing & Communication Lead, revealed that within a few months of the episode’s airing, the company’s performance surged threefold. The response from the audience has been overwhelmingly positive, with their website attracting five to six times more visitors following the release of the show’s promo.
In March 2023, The Founder came to Shark Tank to give an update, he shared that demand came from all over India after his episode aired and due to this, They bought a factory to create their own machines. Their monthly services has increased from 2000 before Shark Tank to 25,000 in 2024. They have also went from 4 cities to 19 cities after the show and impacting over 10 lakh women’s lives per month. They recycle over 1,500 Kgs of sanitary napkins per day.
In May 2024, The company did another update where they shared that they closed their FY23-24 with ₹10 Crore in Revenue and 7% Profit After Tax. Not only that, they already have orders worth of ₹22 Crores for FY24-25.
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Here are the other companies from Season 2 Episode 23
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