Conscious Chemist: Shark Tank Journey and Crucial Business Insights Revealed

Conscious Chemist is a skincare brand that offers a wide variety of products to help with different skin issues like acne, hyperpigmentation, pore size, and serums for glowing skin and body pigmentation. They are focused on making products that are safe for all skin types and also good for the environment.

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Conscious Chemist is a skincare brand created by Robin Gupta and Prakher Mathur. They sell skincare products directly to customers. The products are designed to work well and serve a specific purpose. The brand focuses on being the top choice for customers who care about what they use. Conscious Chemist uses science to create products based on research. They offer a wide range of products like face masks, sunscreens, body creams, serums, and gifts.

Interactions with the sharks showed different opinions about Conscious Chemist. Namita Thapar liked the SPF-50 sunscreen for absorbing quickly and keeping the skin hydrated. Vineeta Singh praised the product’s packaging and hinted at potential investments. Aman said the product was good but lacked strong promotion. Amit Jain was unhappy with the brand’s marketing. The company had many customers, but convincing the sharks to invest was tough. Conscious Chemist did not get an investment on Shark Tank India. They wanted INR 60 lakhs in exchange for 2% equity at a valuation of INR 30 crores. Anupam Mittal suggested finding funding outside the show. Even though they didn’t get funding, Conscious Chemist is still a strong player in skincare, focusing on science-backed products.

Conscious Chemist has received 2 Cr in funding from Lotus Herbals before its valuation reached 9 Cr. Later, they went through a bridge round that valued the startup at 25 Cr, raising 76 lacs INR. However, there are difficulties with Lotus regarding new funding rounds, considering options like 2.5 Cr investment and an 18 Cr valuation. Currently, the startup has limited time before running out of money, with around 7-8 months worth of funding left and holding 65-70 lacs in the bank.

In a meeting among startup founders, Vineeta encourages exploring new product categories to make profits and have enough money. Aman is cautious because some companies, like Boat, were successful with headphones but lost money with other products. Namita suggests a simpler plan to help the founders focus better. Despite having good products, all investors interested in joining decide not to invest because of concerns like unclear plans and problems with selling the products. Vineeta sees a big opportunity in skincare products, estimating a huge market growth. However, she decides not to invest due to challenges with selling online quickly. Conscious Chemist faces a tough task making sure their high-quality products are sold well.

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.