Bamboo India’s Eco-Friendly Toothbrushes Shine on Shark Tank India

Ashwini Shinde and Yogesh Shinde are the founders of a company called Bamboo India. They are from the city of Pune. Bamboo India specializes in making toothbrushes completely out of bamboo. So far, Bamboo India has made over 40 lakh (4 million) bamboo toothbrushes. They started the company because regular plastic toothbrushes were not good for the environment and did not decompose well in the soil.

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Bamboo India’s products are sold in over 2,050 postal codes (zip codes) across India, and they also export to 18 other countries around the world. Their website is BambooIndia.com, and their products can also be bought on Amazon and Flipkart, which are major online shopping platforms in India. Bamboo India’s products are sold at around 300 retail stores across India. They have a manufacturing facility in Pune that produces 50,000 toothbrushes per day. The company buys the products from the manufacturer and then resells them under their own brand name.

Bamboo India is currently valued at 20 crore rupees (around $2.5 million USD). When they first launched their products in 2015, each toothbrush cost 180 rupees and was made by hand. They have now optimized their production to bring the price down to an MRP (maximum retail price) of 45 rupees per toothbrush, with a manufacturing cost of 15 rupees and a gross profit of 30 rupees per brush. In the previous financial year (2020-21), Bamboo India’s sales were 2.8 crore rupees. In the current financial year (2021-22), their sales have already reached 2.2 crore rupees as of mid-October. They expect their total sales for the 2021-22 financial year to be around 4 crore rupees.

The startup company Bamboo India has raised 50 lakhs  in equity funding, which means they sold 3.5% ownership of the company. They also received 30 lakhs in debt financing. The investors who provided this funding were Sharks Ashneer Grover and Anupam Mittal from the TV show Shark Tank India. The original request from the startup founders was for 80 lakhs (8 million rupees) in exchange for 4% equity in the company. Investor Aman offered 20 lakhs  in cash and 60 lakhs in debt for this 4% equity. Investor Peyush then countered with an offer of 80 lakhs  for a 20% ownership stake.

Investors Anupam and Ashneer then offered 40 lakhs  in cash and 40 lakhs  in debt for an 8% stake in the company. The startup founders Peyush and Aman then made a joint counteroffer of 80 lakhs for a 20% equity share. The startup founders then countered again, asking for 50 lakhs  in cash and 30 lakhs  in debt for a 3% equity stake. Anupam and Ashneer then offered 50 lakhs  in cash and 30 lakhs in debt for a 6% equity stake.

Finally, Peyush and Aman made a counteroffer of 50 lakhs  in cash and 30 lakhs in debt for a 5% equity stake. The deal that was ultimately accepted was 50 lakhs  for a 3.5% equity stake, plus 30 lakhs in debt financing, from investors Anupam and Ashneer.

Bamboo India has secured a total of $66.3K in funding across two rounds. The company’s initial funding round took place on February 25, 2022. The most recent funding round was a Conventional Debt round on February 25, 2022, raising $39.8K. Two investors, led by Ashneer Grover and Anupam Mittal, participated in the latest round.

Bamboo India is currently ranked 1st among its 8 competitors. It is one of the competitors that has received funding. In total, Bamboo India and its competitors have raised over $66.3K in funding through 1 funding round with 2 investors. There are no private Unicorns in the entire competition set.

• Schiffer And Menezes
• Merlin Dentifrices
• Greens and Bamboo

Aspiring entrepreneurs from across India come to Shark Tank India to present their innovative ideas and business models, hoping to secure the investment needed to take their startups to the next level.