Isha entered Shark Tank India seeking ₹50 lakh for 5% equity, valuing her startup at ₹10 crore.
The sharks were intrigued by:
- The 172 trials she conducted to perfect her recipes.
- The use of natural ingredients like Himalayan salt, jaggery vinegar, and garlic.
- The growing demand for clean-label, preservative-free condiments.
However, some sharks noticed flaws in her packaging, specifically missing FSSAI labels. Shark Viraj Bahl pointed this out, advising her to send him future labels for corrections. He also clarified that jaggery-based products cannot be marketed as “sugar-free”.
Not all sharks were convinced to invest.
- Sharks Aman Gupta, Namita Thapar, and Kunal Bahl stepped back, citing early-stage risks.
- Viraj Bahl declined but gave Isha his number, offering guidance on improving packaging and branding.
One shark, however, saw potential in Repeat Gud.
Shark Anupam Mittal related to Isha’s pitch on a personal level. He mentioned that his own daughter eats ketchup, and he had been looking for a healthier alternative.
He made an offer:
- ₹50 lakh for 10% equity, with a condition.
- If Isha achieves ₹8 lakh monthly revenue by March-April 2025, he would invest an additional ₹50 lakh for 5-10% more equity.
Seeing the value of shark Anupam’s network and business experience, Isha accepted the deal.
Even though most sharks didn’t invest, they recognized key strengths in the business:
- Health-Conscious Consumer Shift: More people are looking for natural, chemical-free alternatives in food.
- Founder’s Dedication: 172 trials showed Isha’s commitment to product quality and innovation.
- Potential for Scale: If Repeat Gud improves margins and distribution, it could become a major player in the clean-label condiments space.