Leading mobile pet grooming firm flying fur is an Indian startup. At the time of their pitch, fourteen of their vehicles were running. The owners also mentioned offering pet all kinds of services including wash, Haircuts, paw massages and complete body massages. Initiated in 2016, they are the biggest chain in India. Having valued their company at ₹10.71 Crores, they sought an investment of ₹75 Lakhs for 7%.
Flying Fur pays each truck somewhere between ₹2.5 Lakhs and ₹3 Lakhs each month. They charge ₹1000 at first, then up to ₹3500. The founders admitted they run under a franchise concept. They have about 60% of a repeat rate and 15000 pet parents.
Company Name: Flying Fur
Founder: Jassica Madan
Product: Mobile Pet Grooming Service
Highlights
1. Full equipped vans offer doorstep grooming for mobile grooming services.
2. Offers washing, grooming, nail clipping, and hygienic treatments together as comprehensive pet care.
3. Eliminating travel to grooming centres helps to lower pet anxiety.
4. For pet owners, convenience replaces the need for salon waiting.
5. Based on a franchise-based expansion plan, scalable model functions.
6. Professional groomers guarantee excellent pet care by trained workers.
Pitch Details
Ask: ₹75 lakhs for 7% Equity (Valuation: ₹10.71 crores)
Deal: After negotiations deal couldn’t happen
Investors: NO DEAL
Conclusion
Flying Fur addressed pet owner convenience and quality issues by offering a creative answer for grooming their pets. Their mobile grooming concept offered a special value proposition, particularly in cities where pet care businesses are somewhat sought after. The sharks were not persuaded of its scalability and profitability potential even with the well-considered idea and an established clientele. Further questions were raised by the absence of a mobile app and dependence on centralized booking. The company had good foundations, but it lacked investment, therefore stressing the difficulties in balancing operational efficiency with service scalability.
Key Takeaways from the Episode
1. Startup Diversity: The event highlighted companies from many fields with diverse entrepreneurial concepts.
2. Sharks assessed firms depending on scalability, profitability, and original value propositions.
3. Negotiators were challenged on their ability to negotiate since several sharks fought for the best prices.
4. Market validation emphasizes consumer demand, income sources, and proof of concept prior to finance acquisition.
5. Sharks gave sustainable company models top priority above inflated values.
6. Entrepreneur vision, execution capacity, and industry understanding shaped investor confidence of the founder.
7. Start-ups had to weigh the trade-off between forfeiting equity and acquiring money for expansion.
