Cooking Appliances Brand Nutricook Raised INR 1 Crore For Shark Tank 2.0

Nutri Cook India is a company that makes special cooking pots and pans to help keep food healthy and nutritious. The founders, P Ravi Kumar Reddy and Asha V M, wanted to create cooking tools that would make it easier for people to cook food that is good for them. Their products are designed to maintain the nutritional properties of the food you cook. They have things like pots and pans that help you cook without using too much oil, and they also have air fryer accessories. These products are smaller in size and have a modern look. They’re made from stainless steel and have a special coating that makes them easy to clean. Nutri Cook India’s goal is to improve the cooking tools industry using technology and to teach people about healthy cooking. They want to make sure that the food you cook in their pots and pans is still good for you, so that using their products becomes a part of eating healthy.

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Sometimes, the way we cook and the utensils we use can make the food unhealthy. For example, when we boil or fry vegetables, they can lose important nutrients that our bodies need to stay healthy. This can lead to health problems. To solve this problem, Nutricook has created special cookware that can cook food without using a lot of oil or water. This helps to keep the nutrients in the food. The cookware is made of high-quality steel and other materials, which saves energy and has a cool handle with a watch. It also has a special feature that allows for different ways of cooking.

NutriCook India’s slogan is “makes your cooking healthy,” and they have a business logo with the colors of the flag of India. They want to show that they have a new and better way of cooking food while keeping it healthy.

NutriCook is a business that sells a product called NutriCook for ₹32,710 per set. They have invested ₹4 crore in NutriCook so far. Each year, NutriCook has been making sales. Here is a breakdown of their yearly sales:

• In the financial year 2019 to 2020, they made sales worth ₹80 lakh.
• In the financial year 2020 to 2021, they made sales worth ₹13 lakh.
• In the financial year 2021 to 2022, they made sales worth ₹1 crore and a profit of ₹5 lakh.
• Up to now in the financial year 2022 to 2023, they have made sales worth ₹40 lakh.
• Last month, their sales were ₹8 lakh.

In total, since starting the business, NutriCook has made sales worth ₹6 crores to date. They have more than 2500 customers. The cost to make NutriCook is 40% of the selling price, and their gross profit margin is 60%.

Nutricook is a company that appeared on a show called Shark Tank, where business owners pitch their ideas to investors. In this case, Nutricook got an investment of 50 lakhs in exchange for 10% ownership of the company and also borrowed 50 lakhs at 12% interest. Later, Veenita, another investor, offered to invest 50 lakhs for 10% of the company and also lend 50 lakhs at 12% interest. The owners of Nutricook then asked for a 1 crore investment in exchange for 10% of the company and also wanted to borrow 50 lakhs at 12% interest.

Shark Tank India showcases a dynamic platform where aspiring business owners pitch their concepts to influential investors, hoping to gain the support and resources needed to scale their enterprises.