Entrepreneur Komal Panchal debuted her firm, Kanvas, which sells handcrafted designer shoes for men and women. These unusual shoes highlight India’s diverse regional arts with clever workmanship by fusing modern fashion with traditional Indian Art. Beyond shoes, Komal’s strategy calls for including Indian craftsmanship into accessories including belts, wallets, and scarves.
Company Name: Kanvas
Founder: Komal Panchal
Product: India Art inspired Footwear Brand
Highlights:
1. Handcrafted shoes combining traditional Indian art with contemporary patterns constitute artistic footwear.
2. Cultural Influence: Emphasizes on displaying regional Indian handicap by means of complex shoes.
3. Plans to diversify into accessories such belts with analogous creative aspects and scarves and wallets.
4. Valuing the company at ₹10 crores, Komal Panchal sought investment in exchange for 6% equity for ₹60 lakhs.
Pitch Details
Ask: ₹60 Lakhs for 6% Equity (Valuation: ₹10 crores).
Deal: After negotiations deal couldn’t happen
Investors: NO DEAL
Conclusion: The Kanvas pitch on Shark Tank India Season 4 combined modern footwear design with Indian creativity in an original way. Although the Sharks valued the brand’s vision and inventiveness, scalability and recurring customer retention issues determented an investment. Though he didn’t get a contract, Kanvas positioned himself as a future niche brand by stressing the possibilities of handcrafted, art-inspired garments in the Indian market.
