How is ‘WITHOUT’ Doing After Shark Tank India?

Founders: Anish Kishore Malpani
Business: Products made from Waste Plastic
Ask: ₹75 Lakhs for 1% Equity
Valuation/ Networth: ₹75 Crores
Funding: ₹75 Lakhs for 3% Equity
Sharks: Piyesh Bansal and Ronnie Screwvala
Episode: Season 3 Episode 16

WITHOUT Shark Tank India Pitch:

Without is an impact startup that utilizes patent-pending technology to separate multiple layers of MLP (multi-layered packaging) and extract materials to make products. This is the first brand to manufacture recycled sunglasses from chip packets. These Sunglasses are high-quality, durable, lightweight, and recyclable. Without founder claimed that 50-80% of India’s waste is left untreated.

WITHOUT Financials/Revenue during Shark Tank India:

They have sold 500 sunglasses in 6 days and 1000 in a month. They have 3 ranges of sunglasses: basic starting from ₹1000, mid-quality at ₹1599, and polarized starting from ₹2500. Unilever has given a grant of ₹60 lakhs for Without R&D. In 2023, they raised ₹4.9 crores with a valuation cap of ₹52 crores. The founder of Without has received an investment offer of ₹11.6 crores at a pre-money valuation of ₹64 crores.

Who is Owner of WITHOUT?

Without was founded in 2021 by Anish Kishore Malpani. He pursued an undergraduate degree in sports from the University of Texas in Austin. He has invested ₹1.8 crores to start this Venture.”

WITHOUT Shark Tank India Negotiations & Funding:

Aman was the first shark which offer ₹30 lakhs for 1% Equity plus ₹45 Lakhs debt at 10% interest for 2 Years. Anupum first shark which is opt to out because of valuations is too high. Radhika also believe valuations is too high and investor cannot make money this valuations and for these reasons she choose to out of Negotation. Ronnie loves what Anish is doing and wants to take a bet and he offers ₹75 lakhs for 3% equity. Peyush also wants to join Ronnie in this deal and Both gave them offer ₹75 Lakhs for 3% equity. Anish choose to go with Ronnie and Peyush.