06 February 2024
We take a look at 3 startups that presented their models to the Sharks & understand the reasons behind Sharks concluding funding deals & rejecting offers. Letโs look at a few pointers before we delve deeper into the startups that were able to conclude deals with the Sharks successfully:
โข ๐ญ๐ข๐ฅ๐๐ข ๐ฃ๐ฅ๐๐ฉ๐๐ง๐ ๐๐๐ ๐๐ง๐๐ is a rapidly upcoming Affordable Pure Veg Fast food restaurant chain which has shown excellent potential to scale with over 150 retail outlets already opening but a main concern as reported by Sharks was regarding its focus on Faster growth instead of focusing on making existing outlets big & profitable. Another concern as pointed out by Sharks was regarding its efforts to over diversify.
โข ๐ง๐ฟ๐ฎ๐บ๐ฏ๐ผ๐ผ ๐ฆ๐ฝ๐ผ๐ฟ๐๐, a brand started by two youngsters from the beautiful region of Kashmir has shown exponential growth & an excellent potential to compete with Global brands like English Willow.
โข The third startup that presented itself in front of the Sharks was ๐ช๐ฒ๐๐ฒ๐ฎ๐ฟ. It provides Advanced & Cost effective hearing solutions which a few years ago one might not even be able to imagine. More importantly the brand is looking to come out with 3 products, out of which atleast 1 could be a Market Disruptor, potential even replacing ear surgeries.
Now letโs look at the reasons behind the startups securing or failing to secure deals from the sharks: