- Founders: Suman Choudhary & Vinod Kulhari
- Business: Sweets Delivery Platform
- Ask: ₹40 Lakhs for 3% Equity
- Valuation/ Networth: ₹13.33 Crores
- Funding: No Deal
- Sharks: No Deal
- Episode: Season 1 Episode 12
SweeDesi Shark Tank India Pitch:
SweeDesi is an Indian sweet brand which delivers traditional sweets from all over India to your doorstep within 24 Hours. They are onboarding regional players to their platform so that they can expand the market to which those businesses can cater. The Founders sought an investment of ₹40 Lakhs for 3% of the company giving them a valuation of ₹13.33 Crores. They have been in business for 3 years at the time of pitch.
SweeDesi has an average order value of ₹700-₹750. They have a repeat rate of 85% and daily orders are at 30 orders per day. 80% of their business comes from Pune alone.
SweeDesi Shark Tank India Negotiations & Funding:
Aman was the first shark to step out of the negotiations as he thought that the company would experience lots of problems with scaling as they grow their business. Namita shared the same sentiment as Aman and goes out of the deal as well.
Ashneer didn’t see the frequency of use therefore he wasn’t confident that the founders could grow the brand profitably therefore he also went out of the deal. Anupam thought that it was not a big market size therefore he also went out of the deal.
Peyush was on the fence on investing but he thought that this could be copied easily therefore he also goes out of the deal.
Who are the founders of SweeDesi?
Suman Choudhary & Vinod Kulhari founded SweeDesi. Suman has done a Ph.D. in English and worked as an assistant professor in Jaipur.
How is SweeDesi doing after Shark Tank India?
Our Research in the company revealed that while they did not get a deal on Shark Tank, their appearance on the show had an overall positive impact on the business. It gave them nationwide exposure and helped with expansion and validation.
As of May 2024, The company is still in business and thriving. They deliver to over 50 countries across the globe and you can check out their website to explore their products. Also, click the Amazon button below to check out other Shark Tank India Products.
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Here is an update on other companies from Season 1 Episode 12.