Amore Gelato makes 100% vegetarian gelato, collaborating with an award-winning Italian gelato chef
They transitioned from traditional parlours to emphasize pre-packaged products
Despite pandemic challenges, the company raised $300,000, equivalent to ₹2.2 Crores at a valuation of ₹7.3 Crores
Shark Tank negotiations saw multiple participants opting out due to various reasons, including the company's early stage and perceived financial value
Anupam offered ₹75 Lakhs for a 7.5% stake, which the founders accepted based on the condition of achieving ₹80 Lakh per month sales by March 2023
Founders Yasser Ali and Nayyer Hussain remain at the helm, with Yasser holding 50% equity and Nayyer holding 30%
Despite the Shark Tank deal not materializing, Amore Gelato is thriving, with expansion into multiple cities and an online presence