Based in Indore, Kyari is a brand focused in creative and modern plant décor ideas meant to improve indoor environments. Their line of products covers decorative plants, self-watering pots, air-purifying plants, and do-it-yourself gardening kits, therefore simplifying plant maintenance. Emphasising sustainability and design, Kyari wants to encourage environmentally friendly living by turning offices and homes into more vivid, greener surroundings.
Company Name: KYARI
Founder: Agam Choudhary & Shaksham Jain
Product: Online Plants Nursery Brand
Highlights:
1. Designer pots, planters, and plant combinations that improve indoor environments.
2. Low-maintenance choices for plant enthusiasts are smart, self-watering planters.
3. Plants that help to purify indoor air quality.
4. Easy-to-use kits for home gardening help to inspire DIY projects.
5. Eco-friendly and sustainable resources should be your main emphasis. Biodegradable materials especially.
Pitch Details
Ask: ₹80 Lakhs for 0.8% Equity (Valuation: ₹100 crores).
Deal: After negotiations deal couldn’t happen
Investors: NO DEAL
Conclusion: In conclusion of this pitch Vineeta left because she believed the founders were jeopardising the pay and marketing expenditure of their employees, so she left. Not trusting that this would last over time, Anupam left. Lack of clarity caused Namita to go. Peyush appreciated the ambition of founders and felt he could support them with long term vision, hence he was the first shark to make an offer. Together with Kunal, he paid ₹4 Crores in exchange for 10% equity in the company, therefore valuing it at ₹40 Crores. With his ₹3 Crore for 7.5% equity, Kunal would grab most of the share. Agam & Shaksham pauses to consider and return to challenge at ₹1.6 Crore in return for 2% stake valuing the company at ₹80 Crores. The founder objected at ₹60 Crores, which the sharks rejected; Kyari left the tank without a deal when Kunal offered ₹45 Crore valuation for 8.88% equity.
Key Takeaways from the Episode:
1. Value Innovation: Both companies concentrated on sustainability, demonstrating that creative ideas can get investor attention particularly when they fit present market trends like environmental friendliness.
2. Sharks asked both firms on their business strategies, therefore stressing the need of a clear, scalable strategy for success.
3. Recognise Your Competition: Kyari’s worries about facing Nurturing Green brought attention to the requirement of entrepreneurs differentiating their offering and fully knowing their market.
4. Pitch with Confidence: Both founders exuded confidence in their product—qualities necessary to establish investor confidence.
5. Long-term Vision: Showcasing Green’s lifetime plant replacement warranty, nurtured customer retention and long-term service helped to create brand loyalty.
