Shark Tank India 4: Aman Gupta questions pitcher Savar for using his name in the logo instead his father’s food company name, asks papa se ladai toh nahi hai na?

Savar and Tanisha, the creators of a catering company hoping to transform the house party culture in India, had one of the most memorable pitches in the most recent episode of Shark Tank India 4. With their high-end catering services, they came into the market with the goal of enhancing home parties and enabling clients to arrange hassle-free, restaurant-caliber meals at home. The two, who were confident in their business plan and prospects for expansion, made their pitch and disclosed that they were looking for ₹1 crore for 5% of their company.

The panel was really impressed when Savar and Tanisha served their best-selling cuisine items to the Sharks. They made a compelling case for the success of their brand with their culinary knowledge and presentation abilities. Aman Gupta, Vineeta Singh, and other Sharks began grilling them about their business operations, revenue model, and total sales data while they were eating. The founders made clear that they had a strong focus on profitability and that they aimed to expand their business without sacrificing its long-term viability. Investors were drawn to their emphasis on maintaining a successful firm rather than rapidly burning funds to scale.

Terrific cuisine makes for a terrific celebration, whether it’s a wedding, birthday party, or informal get-together! When Savar and Tanisha Malhotra, a couple from Gurgaon, started The House Party by Savar in August 2022, they had that precise goal in mind. Serving by portion to reduce food waste, their creative catering service offers a huge 750-item customisable menu with a strong emphasis on sustainability.

Click here to visit their website: The House Party by Savar

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Savar, the Founder & CEO of The House Party by Savar is making waves in the space of curated food catering. Savar started the brand in 2022 with the aim of making exclusive gourmet spreads accessible and affordable for all, even if one is entertaining a small group of up to 200 people. Savar, has done his Hotel Management from Les Roches, Switzerland, and has previously worked with brands such as Maurya, Mandarin, and The Embassy Restaurant. Currently operating in Delhi NCR, Savar wants to make THP a national brand for catering. The House Party is soon to start operating in Mumbai and Hyderabad. Five years down the line, he wants to see his brand do 10,000 parties a year. Savar likes to unwind with a game of Golf or play drums when time permits.

“Being on Shark Tank India 4 was a fantastic experience, giving us the opportunity to showcase our brand and receive valuable insights from some of the country’s top entrepreneurs,” Savar stated in reference to the company. We are eager to advance The House Party by Savar since our mission has always been to provide a catering experience that is not just delectable but also customized and sustainable.

• FY 22-23 – Rs 1.23 crores
• FY 23-24 – Rs 3.68 Crores
• FY 24-25 ( till oct) – Rs 3.6 crores
• FY 24- 25 projected sales – Rs 6.5 crores

FY 26-27 projection

• Parties – 5000
• Net margin – 30%

EBITDA margin – 30%

Aman Gupta was intrigued when Savar revealed that his father had a prosperous food business during the discussion. He was then questioned by Aman over his branding decisions, particularly why he decided to use his own name in the company logo rather than using his father’s reputable food company to lend legitimacy. Savar justified his choice by stating that he preferred his personal brand to his father’s name because he wanted consumers to trust it. But Aman wasn’t entirely persuaded by this logic, so he joked, “Papa se koi ladai toh nahi?” (Are you and your father at odds?). Everyone was taken aback by his lighthearted comment, which also brought attention to how crucial credibility and branding are to the success of any company.

The Sharks carefully considered the company’s growth strategy and prospects as the pitch came to an end. Following extensive consideration, Ritesh Agarwal took the initiative and finalized the agreement by offering ₹50 lakh in debt at 8% interest for three years, along with ₹50 lakh in equity at 5%. The deal was enthusiastically embraced by the founders, who saw it as a major turning point for their company.

Savar and Tanisha’s catering business is poised to achieve new heights with the help of Ritesh Agarwal’s investment and guidance. In addition to highlighting their entrepreneurial journey, the program provoked a conversation on independent branding, family legacies, and the value of strategic alliances in the business sector.