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.