Innovative plant-based businesses in Shark Tank India’s “face-off” episode

Innovative plant-based businesses

Three points you will get to know in this article:

  • The first face-off of the season featured two forward-thinking plant-based businesses, Kyari and Nurturing Green.
  • The program began with a strong pitch from Nurturing Green’s creator, Annu Grover & then came the founders of Kyari, Agam Choudhary and Saksham Jain,
  • Nurturing Green was able to close a contract, Kyari lost out on a potentially game-changing opportunity because they wouldn’t lower their valuation.

Exploring Innovative Plant-Based Businesses in Shark Tank India’s 'Face-Off' Episode

In the most recent episode of Shark Tank India Season 4, the first face-off of the season featured two forward-thinking plant-based businesses, Kyari and Nurturing Green. Renowned sharks Anupam Mittal, Namita Thapar, Peyush Bansal, Vineeta Singh, and Kunal Bahl assessed the businesses’ creative plant-based solutions in this episode.

Strong pitch from Nurturing Green's creator

The program began with a strong pitch from Nurturing Green’s creator, Annu Grover. “We’re not just selling plants; we’re selling a lifetime of memories and experiences,” he said, highlighting the sentimental and enduring worth of plants over conventional bouquets. Our plants bring happiness, comfort, and peace to our clients, becoming an essential part of their life.” With a 14-year history, Nurturing Green has established a devoted clientele via its creative products and services in the fields of corporate giving, home gardening, and home décor.

Sharks comment on Nurturing Green's idea

Annu’s presentation was followed by a heartwarming moment when Kunal Bahl disclosed that he has known Annu for a long time. “I met Annu in Cybercity when he first started out about ten years ago,” Kunal revealed. In fourteen years, you would regularly give me updates, which I would read. Aapki ek cheez jo mujhe achhi lagi hai.” The importance of perseverance and sustaining professional ties was highlighted by this accolade.

For 1% share, Nurturing Green requested ₹1 crore. After the pitch, Vineeta Singh offered ₹50 lakh for 1.25% equity and ₹50 lakh in debt with a three-year payback period of 10% interest. An important turning point for Nurturing Green was reached when Annu accepted Vineeta’s proposition because there were no other offers.

Kyari - The second pitch

The founders of Kyari, Agam Choudhary and Saksham Jain, then demonstrated their Hydrating Pen and self-watering plant tools.

“Our products are designed to add aesthetic value to any space,” Agam said while describing their purpose. We are revitalizing areas and reimagining the nation’s gardening landscape. Our goal is to make caring for plants simple and affordable.

The sharks were impressed by their inventive items’ user-friendliness and design. Concerns regarding consumer involvement and brand memory, however, prompted a more thorough examination of Kyari’s expansion plan.

Valuation of the company Kyari

Kyari valued the company at ₹100 crore and asked for ₹80 lakhs for 0.8% equity. The company was valued at ₹40 crore when Peyush Bansal and Kunal Bahl made a joint offer of ₹3 crore for Kunal’s 7.5% stock and ₹1 crore for Peyush’s 2.5% stake.

Kunal was right when he said that the pitchers would come back to talk about their earlier valuation rounds while they debated. Vineeta observed, “They don’t realize their tight situation,” as he reminded them of how important this agreement is. “You wanted to make something big,” Peyush continued. You shouldn’t have visited Shark Tank if you disagree.

In response, Agam and Saksham valued the company at ₹80 crore and offered ₹1.6 crore for 2% equity. Peyush and Kunal disagreed with Anupam Mittal’s assessment of it as a “good counter offer.” “Train chhoot rahi hai,” Kunal pushed. Bolo Jaldi. Two of the greatest sharks are coming your way. The pitchers maintained their valuation in the face of pressure.

Sharks final decision on Kyari

“Great founders are decisive,” Kunal said, stressing decisiveness while offering to increase the valuation to ₹45 crore. Mooli nahi karte gajar. Say “yes” or “no.” The sharks retracted their offer when the pitchers refused to back down. Finally, Namita Thapar said, “They’re out now. This is a really good lesson.

This Shark Tank India episode emphasized the value of flexibility and decisiveness in high-stakes negotiations, as well as the strength of perseverance and creativity. Although Nurturing Green was able to close a contract, Kyari lost out on a potentially game-changing opportunity because they wouldn’t lower their valuation. The disparate results highlight the careful balancing act between ambition and adaptability needed to thrive in such cutthroat settings.

Start typing and press Enter to search

Shopping Cart