Funngro connects teens aged 14-20 with job opportunities in content creation, marketing, research, and app testing, enhancing skills and independence
The platform aims to promote entrepreneurial efforts and financial literacy among young people, with over 40,000 users and 170+ registered companies
Funngro takes a 10% cut from all projects, currently generating a monthly revenue of ₹1.5 lakhs while spending ₹2.5 lakhs, resulting in a ₹1 lakh burn rate
Namita and Amit offered ₹25 lakhs for 10% of Funngro, but the founders declined based on their previous ₹20 crore valuation
The Sharks revised their offer to a ₹12 crore valuation, leading to a deal of ₹50 lakhs for a 4.16% equity, which the founders accepted without hesitation
After Shark Tank, Payal Jain reported that the deal with Amit and Namita closed, and the company continues to enjoy benefits from their appearance
Funngro expanded to over 6 lakh users and 2,000 companies post-show, and the team has grown to around 20 members, benefiting from Amit's guidance