Nish Hair Strikes a Dream Deal with Shark Amit Jain
In the exciting finale of Shark Tank India, Nish Hair, founded by Parul Gulati, made a significant impact. Parul, addressing the common issue of thinning hair, introduced her luxurious and affordable hair extensions and accessories. Her pitch resonated with the Sharks, leading to a major deal with Amit Jain. Initially seeking ₹1 crore for 2% equity at a ₹50 crore valuation, Parul secured a deal with Amit Jain offering ₹1 crore for the same 2% equity. Despite competing offers from Aman Gupta and Vineeta Singh, Parul chose Amit Jain’s offer, valuing Nish Hair at ₹50 crore.
MyByk’s Innovative Micro-Mobility Solution Fails to Seal a Deal
MyByk, founded by Arjit Soni, pitched its groundbreaking micro-mobility solution to the Sharks. As India’s largest bicycle-sharing network, MyByk provides an affordable alternative to traditional bike ownership with rentals starting at just ₹1 per minute. Their BykSwap feature allows users to switch bikes conveniently between metro and bus stations. Despite a compelling pitch for ₹2 crore for 1% equity at a ₹200 crore valuation, MyByk did not secure an investment from the Sharks.
SUGAR Cosmetics Closes the Season with a 5-Shark Deal
In a dramatic conclusion to the season, SUGAR Cosmetics, co-founded by Vineeta Singh and her husband Kaushik Singh, delivered an impressive pitch. Seeking ₹1 crore for 2% equity, SUGAR showcased its tailored beauty products for Indian skin tones. The Sharks, entertained by the pitch and the backstory of SUGAR’s growth, offered a combined deal of ₹5 crore for 5% equity at a ₹100 crore valuation. This deal, though light-hearted given SUGAR’s actual valuation of $500 million, highlighted the Sharks’ camaraderie and support for the startup ecosystem.
The finale of Shark Tank India Season 3 showcased a range of innovative ideas and successful deals, marking a thrilling end to a season full of entrepreneurial spirit and investment opportunities.