Founded in January 2024 by Ashutosh Roy, Offmint integrates sustainability into fashion as each order includes a pen embedded with seeds, promoting environmentalism.
But what truly makes Offmint stand out is the story behind its founder—a tale of resilience, betrayal, and an unwavering will to succeed.
Ashutosh Roy’s first appearance on Shark Tank India Season 2 should have been a life-changing moment, but it came with devastating news of his father passing away.
The combination of loss, betrayal, and unexpected support shaped Ashutosh’s determination to build something meaningful.
Offmint’s Monthly Sales Growth: July 2024: ₹29 lakh. August 2024: ₹32 lakh. September 2024: ₹40 lakh. October 2024 (Projected): ₹48 lakh
Offmint’s Sales Breakdown: 80% from their own website. 20% from online marketplaces.
He stunned the sharks with an unconventional offer ₹10 for 1% equity, valuing Offmint at just ₹1,000.
His reasoning was “I’m not here for money. I’m here to seek your expertise.” Ashutosh’s emotional story, combined with his unique ask, left the sharks deeply moved.
For the first time in the show’s history, all the sharks came together to offer him a collective deal.
Instead of the ₹10 for 1% equity, the sharks made a counteroffer, ₹10 lakh for 4% equity in Offmint.