Ravi Gupta, the founder of the children's clothing company Guugly Wuugly, and his daughter joined the Tank in search of funding and assistance.
Guugly Wuugly is a children's clothing brand that combines playful design with everyday wearability to provide cozy, high-quality clothing for kids ages 1 to 12.
Founded in 2022 by Ravi Kumar Gupta and co-founder Himanshu Rusiya with the goal of addressing the issue of reasonably priced, long-lasting children's apparel while preserving comfort and style.
Guugly Wuugly builds direct-to-consumer reach with increasing customer interest by concentrating on high-quality textiles and captivating patterns that appeal to both parents and children.
Despite serving more than 25,000 consumers, Guugly Wuugly was losing money at the time of the pitch. The average order value was approximately ₹1100, and the average selling price was approximately ₹549.
In order to increase production, design, marketing, and inventory, Ravi requested ₹50 L in exchange for 5% stock, valuing Guugly Wuugly at ₹10 Cr.
Sharks expressed concerns about losses, unit economics, and scaling in a cutthroat kidswear sector, but they also valued the pitch and the founder's humility.
The publicity increased Guugly Wuugly's reach even though no deal was made. Mentorship assistance was given to the founders, and the company is still concentrating on expansion and enhancing operations.