Featuring on Shark Tank India Season 2, Swadeshi Blessings, an Udaipur-based firm, specialized in clay cooking utensils and home décor created by local artists in Kankroli, Udaipur. During their pitch, the entrepreneurs seeking Rs.50 Lakh for 5% ownership amazed the Sharks with their commitment to provide all-natural, ecologically safe culinary substitutes. They have shipped 25,000 goods throughout 25 other nations as well as India. The inventors said their products do not include glazing.
Swadeshi Blessings revealed that their product monthly break-through is just roughly 3%. Beginning in 2020, their first financial year of FY20-21 brought ₹30 Lakh. Following this was 500% increase in FY21-22, when they completed the year at ₹1.8 Crores. With estimates to reach ₹3.6 Crores, their year to date for FY22-23 came at ₹1.2 Crores. Average price in India for Swadeshi Blessing is ₹900; export price is almost ₹7,700. Their net comes to about 15%; their gross margin is 60%. Their last month sales were ₹28 Lakh, which after all expenses came out to be ₹4 Lakh of net profit. Of income, 65% comes from exports and the remainder from India.
Company Name: Swadeshi Blessings
Founder: Madhavi Paliwal, Dattatreya Vyas & Sunita Vyas
Product: Artisinal Cookware
Highlights
1. Home décor and handcrafted, lead-free, toxin-free ceramic cookware.
2. environmentally friendly and motivated by Indian handicapped work.
3. Safe for sustainable, luxury, and medical.
4. Targets eco-friendly, health-conscious clientele.
Pitch Details
Ask: ₹50 lakhs for 5% equity, valuing the company at ₹10 crores.
Deal: After negotiation Namita Thapar and Vineeta Singh, finished the deal at ₹25 Lakhs for 5% Equity and ₹25 Lakhs Debt @ 12% Interest.
Investors: The investment came from Namita Thapar and Vineeta Singh.
Conclusion:
With their handcrafted, environmentally friendly ceramic cookware and home décor items, Swadeshi Blessings amazed the Sharks. The investors related to their dedication to conventional workmanship and toxin-free products. Though first worried about valuation, they agreed a transaction with Namita Thapar and Vineeta Singh for ₹25 lakhs in stock and ₹25 lakhs as debt. The proposal underlined the growing need for environmentally friendly and health-conscious house basics, therefore presenting Swadeshi Blessings as a potential brand in the market of premium cookware.
