Shark Tank India Season 3: Dive into Entrepreneurial Innovation (Jewelbox, Daakroom, Nuvedo)

19 February 2024

Let's examine three startups that pitched their products to the Sharks and analyze the factors contributing to their deal success. But first, let's review a few key points:

• 𝗝𝗲𝘄𝗲𝗹𝗯𝗼𝘅: Jewelbox, the first startup to present, specializes in cultivating fine jewelry from Lab Grown Diamonds. Their certified and hallmarked jewelry undergoes an in-house design process, procurement from approved vendors, QC inspection, certification, and hallmarks before retail sale.

• 𝗗𝗮𝗮𝗸𝗿𝗼𝗼𝗺: Daak Room, the second featured startup, aims to revive the tradition of letter writing. Through programs, school campaigns, and writing carnivals drawing 6000-7000 attendees on average, they project FY24 revenue at ~₹1.46 Cr. with a 15% EBITDA.

• 𝗡𝘂𝘃𝗲𝗱𝗼®: Nuvedo, the third presenting startup, offers 100% organic and chemical-free mushroom products, recognized for their significant health benefits and applications in the sports industry.