Top 16 startup Ideas from Shark Tank India Season 1

January 21, 2023January 21, 2023 businessfeed

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A startup idea is a concept for a new business venture that aims to solve a problem or fill a need in the market. It can be a product, service, or platform that addresses a specific problem or addresses a gap in the market. The key to a successful startup idea is identifying a problem that many people have, and then creating a solution that is better or cheaper than existing options.

Shark Tank India Season 1: Overview

The most popular and talked-about reality program right now in India is Shark Tank. The popularity and anticipation that Shark Tank India has amassed within only a few days of airing have caused it to dominate the news these days.

Fish Tank India is promoting entrepreneurial conversations, which were previously rare among Indian households. Additionally, it gives new businesses a platform to advertise their goods at a degree that would not have been possible otherwise.

In the first few episodes, we saw humorous ideas that also provided solutions to significant issues. The following Shark Tank India pitches may be of interest to you.

Shark Tank India Season 1: Team

Ashneer Grover, the founder and managing director of BharatPe, Vineeta Singh, the CEO and co-founder of SUGAR Cosmetics, Peyush Bansal, the CEO of Lenskart.com, Namita Thapar, the executive director of Emcure Pharmaceuticals, Anupam Mittal, the CEO of Shaadi.com, and Ghazal Alagh, the co-founder and chief marketing officer of boAt are among the sharks on Shark Tank

The sharks made investments in the startup idea they admired because they recognized their enormous potential for disruption. Some companies required negotiation from the Sharks, but others threw up their hands as soon as they heard the proposal.

Startup Ideas

Then there were the few startup concepts that left the sharks with their jaw hanging. All of the Sharks invested in a small number of people. You may be wondering what these mesmerizing startups are based on.

1. Revamp Moto

The goal of Maharashtra-based Revamp Moto, the nation’s first modular utility vehicle firm, is to make the world a more sustainable place to live. The two sharks, Aman Gupta and Anupam Mittal, sponsored them when they came in for a crore rupees for 1% equity, and they left with a crore rupees for 1.5% equity.

They rejected Ashneer Grover’s offer of 1.25 percent in favour of two sharks. It was an exciting pitch that featured a great product and a shark fight.

2. Jugaadu Kamlesh

Every Indian was won over by Jugadu Kamlesh’s cinematic pitch and Peyush Bansal’s investment. The objective was clear: to support the nation’s farmers. Farmers can use Kamlesh’s pesticide trolley spray while applying pesticides because it was his idea.

Peyush Bansal, a shark, provided him with Rs 10 lakh in financing in exchange for 40% of the company, as well as a flexible Rs 20 lakh no-interest loan that he can pay back in small amounts as sales revenue comes in.

3. Menstrupedia Comic

A genuinely admirable project, Menstrupedia Comic works to dispel myths and educate people about menstruation. Namita Thapar, the executive director of Emcure, invested Rs. 50 lakh for a 20 percent share in the business.

4. Annie

A startup idea For kids with unique needs, Thinkerbell Labs created Annie, a gizmo. Young Prathamesh Sinha gave the demonstration, and he did a great job of demonstrating the goods.
Peyush Bansal, Namita Thapar, and Anupam Mittal, three sharks, promised them 1.05 crores in exchange for a 3 percent stock stake.

5. Skippi Ice Pops

Even now, most people still enjoy ice pops since they bring back childhood memories for them. Even though this isn’t a brand-new industry, Sharks believed it was worthwhile to invest in.

The Sharks gave their full support to Skippi Pops’ Ice Pops in exchange for a Rs 1 crore investment in exchange for 15% equity. All Sharks will share equally in the funds and stock stake.

6. Spandan

Spandan is tackling a global problem. Spandan wants to help, at least in one area, because there are so many fatalities worldwide that could be prevented by early access to medical equipment.
Anyone, anyone can use Spandan, a portable ECG monitor. Peyush Bansal, Namita Thapar, Anupam Mittal, Vineeta Singh, and Ghazal Alagh all donated one crore rupees for a 6% stake in the company in an all-shark transaction.

7. Wakão Foods

Vegan cuisine options are available from Wakao Foods. The startup idea had an intriguing atmosphere thanks to the inventor of Wakao Foods. The Shark Ladies, Ghazal Alagh, Vineeta Singh, and Namita Thapar gave Wako a 21 percent share in exchange for 75 lakhs for his or her Wako dance and the delectable meat substitute dishes they served the judges.

8. The State Plate

Young businesspeople who wish to unite locally produced goods from all over the nation formed The State Plate. This brand showcases the diversity of Indian cuisine, which includes Pinni from Punjab and Jhalmuri from West Bengal.
The creators of State Plate were open to the adjustments that the sharks suggested, but they turned down their offer of equity. In compensation for a 25 lakh loan, Peyush Bansal gave them 40 lakhs for a 3 percent ownership.

9. WeStock

startup idea for Cow health and reproduction are tracked by the Brainwired product we stock. A mission-driven product geared toward the nation’s farmers is called WeStock. It has the potential to be a very useful tool for Indian farmers.

Their pitch was interesting because of the actual product as well as how the co-founders addressed every query. The co-founders accepted a 60 lakh offer from three sharks, Namita Thapar, Peyush Bansal, and Ashneer Grover, for a 10% interest in the business after asking for 50 lakhs for a 5% investment.

Also Read: Lalit Rastogi Biography, Age, Height, and Family.

10. CosIQ

A four-month-old startup idea needs to do something extraordinary to get the attention of the sharks. CosIQ was formed by Kanika Talwar and her husband Angad with the intention of becoming a prominent intelligent skincare brand. All of the sharks admired the products’ packaging and quality.

Their products are made using simple formulas and pure materials, which makes a difference. The original demand was for Rs 50 lakhs in exchange for a 7.5 percent share in their business. After much negotiating, the two settled on a contract for Rs. 50 lakhs in exchange for a 25% stock stake with Vineeta Singh of Sugar Cosmetics and Anupam Mittal.

11. Get-A-Whey

Jimmy and Jash Shah, a mother-son duo, connected with the investors right away thanks to their superb presentation skills, thoughtful comments, and extraordinary experiences. In order to grow their business, they requested a Rs 1 Cr investment in return for an 8% ownership in it.

Get-A-Whey is a brand of healthy ice cream that caters to millennials. In comparison to other ice creams on the market, their products offer more protein, less fat, no added sugar, and fewer calories. Mumbai, Pune, Bengaluru, Jaipur, Hyderabad, Surat, Chennai, and Delhi-NCR can now purchase it.

For 15% equity, they were successful in securing a Rs 1 crore investment. Among the investors were Vineeta Singh, Ashneer Grover, and Aman Gupta.

12. The yarn bazaar

Mumbai-based startup idea The Yarn Bazaar aims to organize the disorganized textile industry. Since 2019, they have generated more than Rs 230 crore in revenue. In addition to purchasing and selling yarn, the company produces podcasts and interviews with business leaders, adding value to the textile sector.

The company’s founder and CEO, Pratik Gadia, impressed the sharks with his focused vision. Peyush Bansal, Ashneer Grover, Anupam Mittal, and Aman Gupta of Lenskart presented Gadia with a deal of Rs 1 Cr.

13. Smart Helmets by Altor

One of the most notable concepts presented on the program, the smart helmets by team Altor, connected with the investor panel. A smart helmet with a variety of useful features was developed by a young team of recent college graduates. The team’s decision to create their hero product was motivated by the tragic death of a friend.

Google Maps is compatible with the GPS-enabled helmet. The helmet’s Bluetooth connection with a smartphone enables it to send alerts to the relatives of accident victims. The numerous other clever features of the helmet pleased the sharks. Together with Namita Thapar and Aman Gupta, the team completed a Rs 5 million acquisition for a 7% share in Emcure Pharma.

14. Cocofit

Bengaluru-based The first franchise startup idea centred on coconuts is called Cocofit. Along with other items, they produce ice cream, smoothies, sodas, and coconut shakes. By tackling issues like transportation and hygiene, the business hopes to revolutionise the coconut sector nationwide. Since its founding in 2019, the business has established 31 locations throughout seven states.

After receiving several franchise requests from all over the world, they appeared on the show to seek mentorship to assist them further their business approach. Sasi Kanth Visinigiri, Pavan Kumar Seepana, and Sunil Kumar Tentu, three businessmen, had asked for Rs 5 for 5% shareholding. With Aman Gupta, Namita Thapar, and Anupam Mittal, a similar understanding was established.

15. Keto India

Sahil Pruthi, who created Keto India after experiencing personal suffering as a result of his mother’s brain surgery, is the only company that has turned down a sizable investment offer. In 2018, Pruthi established the healthcare IT business. The company provides individualised nutrition plans and support through its app. The young businessman’s idea for his company and his impression on the sharks were both great.

The company’s mission is to eliminate myths about diets and offer individualised nutritional support to those with thyroid, PCOS, and diabetes. Ashneer Grover, Peyush Bansal, Namita Thapar, and Aman Gupta each made Pruthi an offer of Rs 1.6 crore. The businessman, on the other hand, declined the offer since he was only willing to accept a 1.25 percent equity stake.

16. Humpy A2

The only startup idea that has declined a sizeable financial offer is Sahil Pruthi’s Keto India, which he founded after suffering personally as a result of his mother’s brain surgery. Pruthi started the healthcare IT company in 2018. Through its app, the firm offers individualised nutrition regimens and support. Both the young entrepreneur’s business concept and his impression of the sharks were excellent.

The company’s goal is to dispel misconceptions about eating plans and provide PCOS, thyroid, and diabetic patients with individualised nutritional support. Pruthi received offers totaling Rs 1.6 crore from Ashneer Grover, Peyush Bansal, Namita Thapar, and Aman Gupta, respectively. However, the businessman turned down the offer because he would only accept a 1.25 percent stock stake.

FAQs on Startup and Startup Idea

What is a startup?

A startup is a company or organization in its early stages of operation, usually focused on developing a unique product or service in order to grow and establish a foothold in the market.

How do I come up with a startup idea?

To come up with a startup idea, you can identify a problem or need in the market and then come up with a solution that addresses that problem or need. You can also look for opportunities to improve upon existing products or services.

How do I know if my startup idea is good?

A good startup idea is one that addresses a problem or need that many people have, and that has the potential to scale and generate revenue. You can also validate your idea by conducting market research and getting feedback from potential customers.

How do I start a startup?

Starting a startup typically involves developing a business plan, raising capital, building a team, and creating a product or service. You may also need to register your business, get necessary licenses, and comply with legal and regulatory requirements.

What are the risks of starting a startup?

Starting a startup can be risky, as there is no guarantee that your business will be successful. Some of the risks include lack of market demand, lack of funding, and intense competition.

What are the benefits of starting a startup?

Starting a startup can be rewarding, as it offers the opportunity to innovate, create, and grow a business. Some of the benefits include the potential for high returns on investment, the ability to be your own boss, and the opportunity to make a positive impact on the world.