04 March 2024
Today, we’ll explore three more startups that pitched their business models to the Sharks and delve into the factors contributing to their successful deals. But before we delve, let's see a few key pointers:
D’chika was the first startup to pitch itself. It is an upcoming Innerware Brand for Teen Girls & Young Women. They have their Own Manufacturing Setup & also undertake Contract Manufacturing. They have also onboarded a Gynaecologist whom customers can reach out to for guidance.
The second startup that featured on Shark Tank was ReFit which refurbishes old phones & sells them with a new warranty. Phones are Refurbished based on Diagnostic reports. So far the company has sold over 15 Lakh devices. They have recently also launched their Own Website & operate on a Zero Dead Stock Model.
House of Beauty India, the third startup that pitched itself, offers a Skincare solution that is Natural, Non-Invasive & provides an alternative to plastic surgery. They have over 100 Natural Skincare Products and over 30 Face Yoga based Facials taught by 150 Face Yoga Teachers.
Now let’s look at the reasons behind the startups securing or failing to secure deals from the sharks: