Clapstore, a brand of toy supported by the co -founder of Zerodha, Nikhil Kamath, recently concluded a huge affair on Shark Tank India 4. The brand’s young founders – Vedang and Yash – presented their toys “ Bired Board ‘ ‘On the show, who, who said that parents want to reduce the screen time for young children.
The founders, aged 21 and 22 respectively, impressed the “sharks” by their phenomenal sales numbers. They mentioned that their products recorded sales worth 2.4 sterling books the first year.
Vedang and Yash asked for an investment of 80 Lakh for 4% in their company, passing the clapstore assessment to 20 crores.
When they revealed their objective of achieving 6 lasts of ₹ this year and that they make around 20% of the profits, the co-founder and CEO of Lenskart, Peyush Bansal, predicted that Clapstore could become the next Lego if the founders played On the right their cards.
He was also impressed by the energy of the founders and rapid learning. The CEO of the co-founder of Sugar Cosmetics, Vineeta Singh, was impressed by the understanding of the founders of the problem they solved and the market.
Anupam Mittal de Shaadi.com was also impressed when the young founders said they used a barter system instead of paying influencers to market their products.
He also said that the founders had cracked the market very well even if they do not have children themselves. During the field, the founders also mentioned that their business had the support of Youtuber Raj Shamani.
Hearing this, Anupam Mittal and Boat Lifestyle Co -founder and CMO Aman Gupta offered the founders 80 Lakh in exchange for 7%. Peyush, on the other hand, agreed to respect the conditions of the founders without negotiations.
After that, the founder of Titan Capital, Kunal Bahl, asked the founders: “What offer would make you happy?” And also agreed to respect their conditions. The founders of Clapstore managed to win an agreement on all the Shark on the 1 -ray of ₹ for 10% equity.
