On Shark Tank India, Beautywise sought ₹1 crore for 1.5% equity, valuing the company at ₹66.7 crore.
The founders pitched their brand as a science-backed solution to beauty concerns, highlighting:
- Marine collagen for skin health
- Nutritional blends for hair growth
- Clinically proven ingredients recommended by dermatologists
While the sharks appreciated the brand’s growth and concept, they had concerns, especially about the scientific accuracy of product claims.
Shark Namita said the products are being pushed in offline markets through dermatologists and cosmetologists with high margins. However, the founders denied it, Namita remained unconvinced and decided to step out of the deal.
Shark Vineeta liked the product concept but wasn’t ready to invest. She suggested that the founders focus on the D2C channel, and as the production cost is low, competitors can overtake Beautywise. She, too, decided to step away.
Three sharks showed interest and made competing offers:
- Shark Ritesh Agarwal’s Offer: ₹1 crore for 38% equity
- Shark Aman Gupta’s Offer: ₹1 crore for 3% equity
- Shark Kunal Bahl’s Offer: ₹2.15 crore for 5% equity
The founders, confident in their brand’s value and market potential, decided to counter the offers.
Instead of accepting any of the initial offers, the founders countered with ₹3 crore for 6% equity
They also asked if Aman Gupta would be open to partnering with Ritesh Agarwal.
“Main akele karunga” (I will do it alone), he stated confidently, declining to share the deal with Ritesh.
After a final round of discussions, the founders chose Aman Gupta as their investor, securing ₹1 crore for 3% equity.
As he sealed the deal, Aman smiled and said, “You chose the smart shark.”