Based in Delhi, Magic of Memories designs individual remembrance jewelry from emotive elements such breast milk, hair, umbilical cord, and blood itself. Originally founded in 2019 by former optometrist Preety Maggo, the company provides bespoke jewelry choices like bracelets, pendants, and rings as keepsakes. Preety presented her creative company on “Shark Tank India” looking for investment in 2023, but the unusual nature of the product turned down any bids. Notwithstanding this, the company noticed a spike in interest after the show’s premiere as customers all over asked about their distinctive jewelry lines.

Company Name: Magic of Memories

Founder: Preety Maggo

Product: Keepsake Jewellery

Highlights

1.The company designs unique keepsake jewelry out of emotive items such breast milk, hair, umbilical cord, and blood using customizing techniques.
2. Product range gives customers emotional and significant keepsakes by integrating rings, pendants, and bracelets created from these materials.
3. Founded 2019 by former optometrist Preety Maggo, the founder
4. Global Appeal: Following the show’s debut, the company observed a notable increase in interest and client queries despite no investment.
5. Products designed for those wishing to physically, long-lasting maintain significant life events and memories reflect emotional connection.

Pitch Details

Ask: ₹25 lakhs for 5% Equity (Valuation: ₹5 crores)

Deal: After negotiations, deal couldn’t happen

Investors: NO DEAL

Conclusion One of a kind and emotional journey, Magic of Memories presents personalized jewelry created from emotive and personal items like hair and breast milk. Shark Tank India attracted a lot of interest and a worldwide following despite not getting any investment, therefore underscoring the strong emotional link individuals have with their businesses. This achievement shows the value of designing unique, personal objects that appeal to consumers. Magic of Memories maintains carving out its own in the bespoke jewelry business, combining sentiment with workmanship to provide lifetime remembrance in a market for such keepsakes.

Key Takeaways from the Episode

1. Learn About Your Business: Specify exactly your product, market, and financial situation.
2. Deliver a succinct and assured pitch.
3. Make sure your company value fits reality.
4. Show customer validation by offering statistics or testimonials proving market demand.
5. Emphasize scalability and show the possibility for expansion of your company.
6. Negotiate wisely; be ready but also aware of when to give concessions.
7. Stay resilient; learn from mistakes and meet obstacles.
8. Use mentoring to value investor direction and strategic alliances.