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<ul><li>Honasa Consumer plans to raise ₹400 crore from fresh issue of equity shares and an offer for sale (OFS).</li><li>Co-founders of Mamaearth Varun and Ghazal Alagh, <keyword id="15915113" type="General" weightage="20" keywordseo="Snapdeal-founder-Kunal-Bahl" source="Orion">Snapdeal founder Kunal Bahl</keyword>, Bollywood actress <keyword id="6358615" type="General" weightage="20" keywordseo="shilpa-shetty" source="Orion">Shilpa Shetty</keyword> Kundra are among the shareholders who will sell stake via the IPO.</li><li>After launching Mamaearth in 2016, the company has added five new brands to its portfolio – <keyword id="10820965" type="General" weightage="20" keywordseo="The-Derma-Co" source="Orion">The Derma Co</keyword>., Aqualogica, Ayuga, <keyword id="2615227" type="General" weightage="20" keywordseo="BBlunt" source="Orion">BBlunt</keyword> and Dr Sheth’s. </li></ul>Digital-first beauty and personal care company Honasa Consumer, parent company of popular brands such as Mamaearth, BBlunt, Derma Co etc. may soon launch its initial public offering (IPO). It has filed its draft red herring prospectus (DRHP) with market regulator SEBI to raise funds through an IPO. As per the DRHP, the company plans to raise ₹400 crore from fresh issue of equity shares, and will sell up to 4.68 crore equity shares via an offer for sale (OFS), wherein promoters and shareholders will sell their stake. The shareholders who will sell stake in the company include co-founders of Mamaearth Varun and Ghazal Alagh; Snapdeal founder Kunal Bahl, Bollywood actress Shilpa Shetty Kundra, Sofina Ventures SA, Evolvence, Fireside Ventures, Stellaris Venture Partners among others. The company intends to utilize net proceeds from the IPO towards advertisement expenses to enhance the awareness and visibility of its brands, capital expenditure for setting up new exclusive brand outlets (EBOs), and investment in its subsidiary, BBlunt for setting up new salons. Ghazal Alagh was also a judge on Shark Tank India Season 1, a reality show where entrepreneurs pitch ideas for a business or product to raise money from judges. The unicorn heads for an IPO The company received its unicorn status in January 2022, and was one of the first to achieve the $1 billion valuation for the calendar year. After launching Mamaearth in 2016, the company has added five new brands to its portfolio, namely The Derma Co., Aqualogica, Ayuga, BBlunt and Dr Sheth’s. Its portfolio now includes products across baby care, face care, body care, hair care, colour cosmetics and fragrances. The company has set up a dedicated in-house start-up team called ‘Brand Factory’ that works with founders for end-to-end ideation, incubation and execution of new brands. Further, the company has to constantly follow up on changing consumer preferences, spending patterns, changing beauty and personal care trends to grow in the direct-to-consumer space. The company faces various forms of unfair trade practices, such as the sale of counterfeit, cloned, lookalike and pass-off products. “In the past, we have experienced incidents of passing-off and the sale of counterfeit products. The sale of counterfeit, cloned and pass-off products may result in heightened public reputation risk for us along with possibility of legal and regulatory claims,” said the company. Reliance on celebrities and social media influencers as part of its marketing strategy may adversely affect its business and demand for services, says the company in its DRHP. “We face intense competition which may lead to a reduction in our market share, cause us to increase our expenditure on marketing and promotion as well as cause us to offer discounts, which may result in an adverse effect on our business and a decline in our profitability,” said the company. While Honasa Consumer’s revenue has been increasing significantly, its profitability was impacted sharply in the last three financial years. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Particulars </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total income </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Net profit </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY22 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹964.34 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹14.44 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY21 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹472.10 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-₹1,332 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY20 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹114.16 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-₹428 crore </td></tr></tbody></table>Source: DRHP The company says it has witnessed net cash outflows from operating activities primarily due to increases in working capital requirement as a result of an increase in the scale of business and the shift in channel mix towards offline channel. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/recession-will-be-an-opportunity-for-it-services-firms-focused-on-transformation-as-per-mphasis-ceo/articleshow/96544373.cms">“Recession will be an opportunity for IT services firms focused on transformation” - Mphasis CEO</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/entertainment/news/as-the-year-ends-tollywood-mourns-the-loss-of-legends-like-krishna-krishnam-raju-and-more/articleshow/96573301.cms">As the year ends, Tollywood mourns the loss of legends like Krishna, Krishnam Raju and more</a>

Shilpa Shetty, Kunal Bahl, promoters to sell stake as Mamaearth parent goes in for an IPO

<ul><li>As many as 27 startups that appeared on the show secured funds from external investors, says Redseer Consulting.</li><li>Startups on the show cumulatively raised ₹100 crore on <keyword id="1417364" type="General" weightage="20" keywordseo="shark-tank" source="Orion">Shark Tank</keyword> across seasons 1 and 2.</li><li>The biggest shark amongst all is Aman Gupta, the founder of BoAt who invested ₹24.6 crore across 70 deals. </li></ul><keyword id="13108748" type="General" weightage="20" keywordseo="shark-tank-judges" source="Orion">Shark Tank judges</keyword> are indeed sharks who have bargained the best deals — putting in a lot less than what was asked — and making the startup founders dilute a lot more than they intended to. True to their nature, they also picked a lot of winners who were able to gain business, funding along with publicity from screen time – that has helped many D2C brands in particular. Redseer Consulting, in a recently released report, has found that 27 startups that appeared on season 1 of the show secured funds from external investors. ”Most startups that appeared on the show secured deals 6 times greater in value from outside investors within a span of 1.5 years. Their current valuation is also 2.5 times greater than what they were valued on <keyword id="15913368" type="General" weightage="20" keywordseo="shark-tank-season-1" source="Orion">Shark Tank season 1</keyword>,” said Kanishka Mohan, partner at Redseer Consulting. In season 1, as many as 117 pitches were made, out of which 65 of them accepted deals on the show, 20 rejected deals and 32 were not offered a deal at all. All these sections of startups, received a fair amount of interest from external investors. Six startups which were not offered a deal on the show like — On2Cook, Theka Coffee, Good Piggy Bank, Sabjikothi and Nushka were able to secure deals outside. “In all, most startups that appeared on the show fared well afterward, securing better deals and increasing valuations,” the consulting firm said. Who’s the biggest shark? As much as ₹100 crore was invested in startups that pitched their ideas on Shark Tank season 1 and 2 by eight sharks. And the shark with the most appetite is Aman Gupta, the founder of BoAt who invested ₹24.6 crore across 70 deals. He is followed closely by Peyush Bansal, the co-founder and CEO of Lenskart who invested ₹21.5 crore across 67 deals. The most active shark of season 1 who missed the second season is Ashneer Grover, the co-founder of BharatPe, who invested ₹5.3 crore in 21 deals. Shaadi.com founder Anupam Mittal who was recognized as one of India’s best angel investors, as per Hurun, had invested ₹14.4 crore across 50 deals on the show. Sharks loved to invest in startups pertaining to the food and beverage sector . Amongst the few deals made in healthcare and manufacturing, most of them came from Thapar and Bansal who have expertise in these sectors. “Most of the deals made on the show had one shark onboard; however, it never happened that all the sharks invested in a single business,” Redseer said. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Shark </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Appeared in </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Amount invested </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">No of deals </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Preferred sector </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Aman Gupta </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Seasons 1 &amp; 2 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹24.6 cr </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">70 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">F&amp;B </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Peyush Bansal </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Seasons 1 &amp; 2 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹21.5 cr </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">67 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Healthcare </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Namita Thapar </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Seasons 1 &amp; 2 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹20.6 cr </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">62 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Healthcare </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Anupam Mittal </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Seasons 1 &amp; 2 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹14.4 cr </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">50 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">F&amp;B </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Vineeta Singh </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Seasons 1 &amp; 2 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹11.3 cr </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">40 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">F&amp;B </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Ashneer Grover </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Season 1 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹5.3 cr </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">21 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">F&amp;B </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Amit Jain </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Season 2 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹7.2 cr </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">20 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">F&amp;B </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Ghazal Alagh </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Season 1 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1.3 cr </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">7 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">F&amp;B </td></tr></tbody></table>Source: Redseer Consulting

It pays to pitch on Shark Tank – most startups raise external funding at avg 6x the value

<ul><li><keyword id="774476" type="General" weightage="20" keywordseo="rishabh-mariwala" source="Orion">Rishabh Mariwala</keyword> stands to make as much as ₹184 crore if the IPO shares are subscribed at the upper end of the price band.</li><li>Honasa promoter Varun Alagh is expected to be richer by ₹103 crore at the upper end of the price band.</li><li><keyword id="6358615" type="General" weightage="20" keywordseo="shilpa-shetty" source="Orion">Shilpa Shetty</keyword> Kundra is all set to make as much as ₹45 crore from the share sale. </li></ul>Actress and brand ambassador of <keyword id="4548811" type="General" weightage="20" keywordseo="mamaearth" source="Orion">Mamaearth</keyword>, Shilpa Shetty, is all set to gain a windfall from its parent company Honasa’s initial public offer (IPO). However, she might not be the shareholder who will make the most from one of India’s most talked about IPOs this year. It’s Rishabh Harsh Mariwala, the son of Marico owner Harsh Mariwala, who stands to gain as much as ₹184 crore if all the shares are subscribed at the the upper end of the price band of ₹308-324. Rishabh Mariwala was an early investor in the D2C brands company, and acquired shares at ₹6.05, as per the company’s DRHP. He is also selling the most shares – 5.7 million – in the upcoming share sale and that makes him the biggest gainer from the IPO. <div type="image" title="rishabh mariwala" msid="104721117" hostid="261" sizebytes="13596" caption="&amp;lt;p&amp;gt;Source: Linkedin&amp;lt;/p&amp;gt;"></div> Rishabh Mariwala heads Sharpp Ventures which manages <a href="https://www.indiatoday.in/magazine/inheritors/story/20220103-rishabh-mariwala-sharrp-sighted-1892552-2021-12-26">Mariwala family office</a>, but he has also been keen on the beauty and the personal care sector. He runs Kaya which is known for skin clinics and products. He had also founded Soap Opera N More to market bath and body care products. This is in addition to introducing luxury skin products under the brand PureSense. The IPO, which opens on October 31 and ends on November 2, will see the promoter of the company, Varun Alagh sell 3.18 million sharese get richer by approximately ₹103 crore. However, his wife and co-founder of the company, <keyword id="4548812" type="General" weightage="20" keywordseo="ghazal-alagh" source="Orion">Ghazal Alagh</keyword> of Shark Tank fame, is selling only 1 lakh shares for ₹3.2 crore. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Name of the selling shareholder </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">No of shares being sold </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Weighted cost of acquisition </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Possible gains from share sale (at upper end of price band) </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Varun Alagh </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3,186,300 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Negligible* </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹103 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Ghazal Alagh </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">100,000 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Negligible* </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹3.2 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Rishabh Harsh Mariwala </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">5,700,188 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">6.05 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹184.6 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Shilpa Shetty Kundra </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1,393,200 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">41.86 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹45 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Kunal Bahl </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1,193,250 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.21 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹38.6 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Rohit Kumar Bansal </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1,193,250 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.21 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹38.6 crore </td></tr></tbody></table>*Ghazal and Varun Alagh are promoters Bahl &amp; Bansal bag a better deal Snapdeal founders and serial investors Kunal Bahl and Rohit Kumar Bansal will also be selling 1.19 million shares each in the IPO. They will make around ₹38.5 crore each. It Is noteworthy that all these calculations are made at the upper end of the price band. They would also probably be making more profit from the investment than other selling shareholders as their weighted cost of acquisition is at ₹3 per share. Shilpa Shetty Kundra who stands to make as much as ₹45 crore from the share sale, has purchased the stock at a slightly higher cost. The weighted cost of acquisition for her is at ₹41 per share. The other selling shareholders include Fireside Ventures Fund, Sofina and Stellaris. The IPO stands to raise anywhere between ₹1,635 crore to ₹1,701 crore. It will open on October 31 and close on November 2.

This FMCG scion is all set to gain a windfall from Honasa Consumer IPO

<ul><li><keyword id="13768438" type="General" weightage="20" keywordseo="Shark-Tank-India-season-2" source="Orion">Shark Tank India Season 2</keyword> returned but without two of the former judges - Mamaearth co-founder Ghazal Alagh, and BharatPe co-founder Ashneer Grover. </li><li>Amit Jain, the co-founder and CEO of CarDekho, is the new judge this season. </li><li>Apart from Jain, the show will have five other judges in Season 2 - all of whom appeared in Season 1 as well. </li></ul>The hit reality show, <keyword id="11924074" type="General" weightage="20" keywordseo="shark-tank-india" source="Orion">Shark Tank India</keyword>, has returned for a second season and already started taking over the conversation on social media. The show will air on Sony TV at 10 pm from Monday to Friday, and is also available for streaming online on SonyLiv. The premiere episode of season 2 served several gems, as everyone’s favourite judges returned- along with the new addition, CarDekho co-founder, Amit Jain. Here’s a look at all the sharks from Season 2: <cmsannotation type="cmsannotation" annotationid="Vineeta Singh" comment="subhead2" text="Vineeta Singh">Vineeta Singh</cmsannotation> The <a href="https://in.linkedin.com/in/vineetasingh">founder </a>of Sugar Cosmetics, Vineeta Singh is an alumnus of the IIM Ahmedabad and IIT Madras. She started Sugar Cosmetics in 2015. Before Sugar Cosmetics, she also co-founded Fab Bag (earlier Vellvette.com) in 2012. On the premiere episode of Season 2, Singh, along with fellow judge Namita Thapar, invested in a business idea they rejected in season 1 - JhaJi by entrepreneur duo from <a href="https://www.youtube.com/watch?v=M9Y2sATRkac&amp;ab_channel=SonyPicturesEntertainmentIndia">Bihar’s Darbhanga</a>, sisters-in-law Uma and Kalpana Jha. The duo has asked for ₹50 lakh and 10% equity in Season 1. <cmsannotation type="cmsannotation" annotationid="Peyush Bansal" comment="subhead2" text="Peyush Bansal">Peyush Bansal</cmsannotation> The co-founder of Lenskart, Peyush Bansal recently appeared with fellow judges on the reality show Kaun Banega Crorepati? where he talked about how he was prompted to start a business after <a href="https://www.youtube.com/watch?v=qoilrCHrFCE&amp;ab_channel=Lenskart">being “inspired” </a>by his interaction with entrepreneur and founder of Microsoft, Bill Gates. Bansal is an alumnus of the IIM Bangalore, and also holds a Bachelor’s degree in Engineering Honors (Electrical - IT, Control &amp; Automation) from McGill University. <cmsannotation type="cmsannotation" annotationid="Aman Gupta" comment="subhead2" text="Aman Gupta">Aman Gupta</cmsannotation> One of the most loved judges from season 1, Aman Gupta is the co-founder of boAt. A chartered accountant, Gupta attended the Indian School of Business and was also an exchange student at the Northwestern University - Kellogg School of Management. Gupta worked with the financial consultancy firm KPMG before he started boAt in 2016. As per reports, boAt <a href="https://www.ndtv.com/offbeat/shark-tank-india-season-2-meet-the-six-judges-who-will-hear-the-pitches-amit-jain-aman-gupta-vineeta-singh-ashneer-grover-3658227">registered a revenue of ₹3,000 crore </a>at the end of FY22. <cmsannotation type="cmsannotation" annotationid="Anupam Mittal" comment="subhead2" text="Anupam Mittal">Anupam Mittal</cmsannotation> The founder of Shaadi.com, Anupam Mittal attended Boston College. Aged 51, he is one of the oldest sharks on the show and claims to have invested in over 150 companies in the last 15 <a href="https://www.ndtv.com/offbeat/shark-tank-india-season-2-meet-the-six-judges-who-will-hear-the-pitches-amit-jain-aman-gupta-vineeta-singh-ashneer-grover-3658227">years. </a> Mittal is also the co-founder of People Group–the parent company behind Shaadi.com–which has created businesses like Makaan.com, Mauj Mobile and produced films like Flavors. <cmsannotation type="cmsannotation" annotationid="Namita Thapar" comment="subhead2" text="Namita Thapar">Namita Thapar</cmsannotation> A chartered accountant like fellow shark Aman Gupta, Thapar obtained a Masters in Business Administration (MBA) from Duke University - The Fuqua School in 2001. She then worked with global healthcare leader Abbott for five years, before returning to India to join her father’s pharma giant, Emcure Pharmaceuticals. A recipient of the ET ‘40 under Forty’ award, Thapar is a huge fan of actor Amitabh Bachchan - so much so, that she <a href="https://timesofindia.indiatimes.com/tv/news/hindi/kaun-banega-crorepati-14-shark-tanks-namita-thapar-tells-amitabh-bachchan-she-named-her-sons-after-jai-and-veeru/articleshow/96567872.cms">revealed </a>she’s even named her sons Jai and Veeru, inspired by Bachchan’s hit film Sholay. <cmsannotation type="cmsannotation" annotationid="Amit Jain" comment="subhead2" text="Amit Jain">Amit Jain</cmsannotation> The only judge to be making his debut in Season 2, <a href="https://www.businessinsider.in/entertainment/news/shark-tank-season-2-is-here-but-popular-shark-ashneer-grover-is-missing-meet-the-new-shark/slidelist/95271549.cms">Amit Jain </a>is the CEO and co-founder of CarDekho. An alumnus of IIT Delhi, Jain started his professional career as a software engineer with Tata Consultancy Services. Jain started CarDekho with his brother after the duo was <a href="https://www.ndtv.com/offbeat/shark-tank-india-season-2-meet-the-six-judges-who-will-hear-the-pitches-amit-jain-aman-gupta-vineeta-singh-ashneer-grover-3658227">reportedly</a> inspired after a visit to Auto Expo in 2008. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/sustainability/news/delhi-could-transition-to-almost-100-renewable-energy-by-2050-study/articleshow/96697920.cms">Delhi could transition to almost 100% renewable energy by 2050: study</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/leasing-by-flex-space-operators-hits-a-new-high-of-7-million-sq-ft-in-2022-colliers/articleshow/96713121.cms">Leasing by flex space operators hits a new high of 7 million sq.ft in 2022: Colliers</a>

Shark Tank India S2’s sharks: Meet the serial investors, CAs, and IIT, IIM alumni

<ul><li><keyword id="11924074" type="General" weightage="20" keywordseo="shark-tank-india" source="Orion">Shark Tank India</keyword> S2 judges appeared on a <keyword id="1590914" type="General" weightage="20" keywordseo="Podcast" source="Orion">podcast</keyword> hosted by comedians Tanmay Bhatt and Rohan Joshi. </li><li>The sharks talked about how the pitches changed in S2, and how contestants were better prepared to answer their questions. </li><li>Vineeta Singh also mimicked her fellow judges and recited their catchphrases. </li></ul>The sharks of <keyword id="1417364" type="General" weightage="80" keywordseo="shark-tank" source="Orion">Shark Tank</keyword> India S2 appeared on the podcast <a href="https://www.youtube.com/watch?v=aXRchlAv51M&amp;ab_channel=HonestlybyTanmayBhat">Honestly by Tanmay</a> last week, hosted by comedians Tanmay Bhat and Rohan Joshi. During the 30-minute podcast, all five sharks poked fun at each other and shared interesting anecdotes about season 2 — like who’s the most emotional investor amongst them and how pitches have changed from Season 1. “In Season 2, the toxicity is out, for good,” said <keyword id="544908" type="General" weightage="80" keywordseo="namita-thapar" source="Orion">Namita Thapar</keyword>, a shark. Season 2 features five of the seven sharks from Season 1 — Vineeta Singh, cofounder, Sugar Cosmetics; Namita Thapar, CFO, Emcure Pharmaceuticals; Anupam Mittal, founder, Shaadi.com; Aman Gupta, co-founder boAt, and Peyush Bansal, co-founder Lenskart. Amit Jain, co-founder CarDekho, joined the season for the first time, replacing two of the sharks from season 1 — Mamaearth co-founder Ghazal Alagh, and BharatPe co-founder Ashneer Grover. This season, comedian Rahul Dua replaced actor Rannvijay Singha as the host. <cmsannotation type="cmsannotation" annotationid="From winning over doubters to heightened popularity" comment="subhead2" text="From winning over doubters to heightened popularity">From winning over doubters to heightened popularity</cmsannotation> Initially, the ‘VC circle’ had looked down on the show, judging the sharks for participating in it. Doubts were also raised on the ability of this American show to capture the interest of the Indian audience. However, the massive success of Season 1 turned the skeptics around. “There was a lot of resistance (amongst VCs) initially. How can you take the Shark Tank of the USA and dramatize it for India? Once India embraced it, VCs would come and comment, ‘Oh we also got a call but we didn’t have time’. I’ve heard this so many times,” said Mittal. As per Singh and Thapar, Aman Gupta and Anupam Mittal have embraced their newfound fame with the most ease. They even lauded Gupta’s ‘social media game’. Gupta then said that he manages his social media accounts, himself. <cmsannotation type="cmsannotation" annotationid="Brands and their branding" comment="subhead2" text="Brands and their branding">Brands and their branding</cmsannotation> Thapar said that <a href="https://www.businessinsider.in/business/news/flatheads-shoes-founder-denies-shark-tank-offer-sells-his-entire-inventory-over-the-weekend/articleshow/96849132.cms">D2C brands benefitted</a> from the heightened popularity of their founders — but Gupta denied it. He stated that while the show helped increase brand awareness, Indian customers are far too intelligent to make buying decisions based on popularity alone. “I don’t think sales get impacted. The Indian consumer is very smart - they’ll buy after making their own decision. Yes, brand popularity soars across India. But does it impact sales? I don’t think so. The consumer will still see the product and its value proposition. They won’t buy it because it’s Aman’s product or Peyush’s product. I don’t think that happens in India,” shared Gupta. Bansal echoed Gupta’s statement, adding that it would be wrong to say that someone appears on Shark Tank India to build a personal brand. Jain also backed them stating if the product isn’t good, increased brand awareness won’t help sell it. However, both Vineeta Singh and Anupam Mittal believed that building a personal brand was crucial to selling a product, as the current generation of consumers values authenticity over anything else, and that shapes their brand loyalty. <cmsannotation type="cmsannotation" annotationid="Longer pitches but better prepared to answer judges’ questions" comment="subhead2" text="Longer pitches but better prepared to answer judges’ questions">Longer pitches but better prepared to answer judges’ questions</cmsannotation> In the 35-episode-long first season, <a href="https://www.business-standard.com/article/companies/business-bites-how-have-winners-of-shark-tank-india-1-fared-so-far-123010100470_1.html#:~:text=It%20was%20a%20reversal%20from,Rs%201%20crore%20or%20more.">report</a>s said that sharks collectively invested approximately ₹41 crore in 67 of the 198 pitches. The massive success of S1 impacted the quality of pitches in the second season. According to the judges, contestants pitching on Season 2 were more informed and far better prepared than their S1 counterparts, and ‘solid stories and entrepreneurs’ from across India appeared this time. “Startups (pitching on the season) with ₹30-₹50 crore revenue, ₹10 crore profits from bootstrapped companies,- families of 2-3 guys doing it. We were shocked, blown out of our brains - from small towns in India, from God knows where,” added Mittal. The average time for a pitch extended to 1.5 hours in S2, as compared to 53 minutes in S1 as the contestants were already prepared with the answers to commonly asked questions and used phrases and words most likely to impress the judges. “They had learned (how to pitch). The answers to our questions were already in their pitches. Many times we had no questions because they’d already shared the information we needed to hear, in the pitch itself,” said Gupta. <cmsannotation type="cmsannotation" annotationid="The funding winter investors" comment="subhead2" text="The funding winter investors">The funding winter investors</cmsannotation> Though detailed, the long-winded pitches often left judges Namita Thapar and Aman Gupta bored, who resorted to playing games like cross and knots and passing chits of paper to while away time — especially when the other panelists questioned the contestants. As the group shared on the podcast, Bansal had the most number of questions to ask, while Mittal had the most ‘gyan’ (wisdom or knowledge) to offer. Making a subtle comment on the ongoing funding winter, Bansal and Mittal even added that Shark Tank was the only place where investments were still taking place. “We’ve made so many investments in this (funding) winter. This is why people will see the show, I believe. Because no one’s investing in the market. So here, the element of hope is very high,” commented Bansal. As of Friday, January 6, 2023, 11 of the 15 pitches from the show have received funding from the sharks. The four pitches that have not received funding are Recode Studios, Atmosphere (Kombucha), Flatheads Shoes and Organic Smokes. <cmsannotation type="cmsannotation" annotationid="‘Will you invest in Elon Musk?’" comment="subhead2" text="‘Will you invest in Elon Musk?’">‘Will you invest in Elon Musk?’</cmsannotation> By the end of the podcast, the judges played a round of ‘who’s most likely to’. Amit Jain was named as the judge most likely to make an investment due to an emotional story. Thapar’s the shark who’s the quickest to cut a cheque, while Mittal is the most cautious investor. Gupta is the one most likely to misspell the word entrepreneur, and Jain emerged as the one most likely to win at poker. The hosts also asked all the judges if they’d invest in tech magnate Elon Musk, considering the way he’s handled the microblogging platform Twitter after taking over as its CEO. Bansal said that people’s memory is extremely short-lived and if Twitter’s profitable after two years, Musk’s current shenanigans will easily be forgotten. Jain further added that considering Musk’s ‘credible success rate’, he’d definitely invest in Twitter under Musk. Mittal, though, shared that “given all the things going in the world, we need unifying voices. And the point Elon Musk is at right now, we can do with less of that.” Shark Vineeta Singh also mimicked all the judges and recited their catchphrases from the show. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/indias-credit-worthiness-to-be-stable-in-2023-but-upcoming-elections-could-keep-social-spending-elevated-moodys/articleshow/96851926.cms">India’s credit worthiness to be stable in 2023, but upcoming elections could keep social spending elevated: Moody’s</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/mercedes-honda-bmw-and-others-showcase-some-exciting-car-tech-at-the-ces-2023-these-are-our-favorites/articleshow/96851293.cms">Mercedes, Honda, BMW and others showcase some exciting car tech at the CES 2023 — these are our favorites</a>

In Season 2 of Shark Tank India, the toxicity is out for good says Namita Thapar

Dinner-table conversations have changed since <keyword id="1417364" type="General" weightage="20" keywordseo="shark-tank" source="Orion">Shark Tank</keyword> India started streaming. The show received 62,000 applicants from India, out of which 198 businesses were selected to pitch their ideas to the "sharks". By the end, the programme has made a funding commitment worth nearly Rs 42 crore to 67 budding businesses. The show has garnered a wide following with more people understanding the process of raising equity-based funding. However, unlike the show, Founders have to go through a much longer process to secure funding in reality. It involves multiple iterations, lots of rejections, and a lot of time and effort away from business. Even then, not getting any funding or the desired amount is a real possibility. Traditional capital sources cannot be a frequent solution for entrepreneurs which creates the need for founder-friendly funding alternatives. Keeping up with the ever-growing pool of new companies in innovative segments, the business of funding them is also evolving fast. Newer funding models like Revenue Based Financing (RBF) are becoming popular based on the idea that all businesses do not flourish with traditional equity-based funding. There is a need to offer sustainable capital to Founders without trading ownership. RBF facilitates access to much-needed growth capital customised to a company's revenues. Why should start-ups consider RBF? Today's market is highly dynamic and start-ups cannot afford the long turnaround timelines of traditional funding when raising capital. Raising funds through banks &amp; financial institutions comes with either a personal guarantee or fixed liability that is payable irrespective of your business performance. Since repayments under the RBF model are directly linked to the revenues, the financier is also more like a partner in the growth of the start-up. It is a simple process which does not involve any pledge of collateral and hence is an ideal source of capital for smaller digital start-ups that do not have any physical assets. -- Founder-friendly with no equity dilution -- Fast as companies get funded within days &amp; sometimes hours -- Fair with RBF providers only look at the company's financials removing biases associated with who pitches or how they pitch -- Flexible as brands commit to repayments as a percentage of future revenue and not fixed EMIs -- Frequent with companies unlocking repeat funding with growing revenue What if Founders could trade a share of their revenues instead of equity? The boom in the D2C and SaaS sectors has created a huge opportunity for RBF providers. Out of the 198 businesses that pitched on the show, few of them have already raised RBF rounds with capital platforms like Klub including Wakao Foods, TagZ Foods, Deciwood and more. Even brands that could not secure funding on the show, like JhaJi Store, opted for RBF because of their recurring revenues. Uma and Kalpana Jha, Co-Founders, JhaJi Store, aptly sum up the case for RBF, when they say, "We've worked hard to build a profitable business at JhaJi Store that can generate cash every month. Once we achieved that, Klub's revenue-based financing product was a no-brainer. The funding from Klub literally gives us the fuel to add to the fire that's cooking ever more batches of pickles and chutneys. RBF helps first time entrepreneurs like us to fund our own growth without having to give up any equity." Revenue sharing deals on the show can be a win-win situation for Founders as well as investors when they peg repayments to a brand's performance. Similar to Shark Tank, Canadian reality TV series Dragon's Den featured Michele Romanow as a "dragon" in 2015 and after investing in entrepreneurs pitching on the show, she founded Clearbanc (now ClearCo) to facilitate revenue-linked funding options for Founders. We believe the next season of Shark Tank will start showcasing Revenue Based Financing investments as well. (Anurakt Jain is CEO and Co-founder, Klub) SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/power-banking-and-it-stocks-see-sharp-sell-off-on-fii-pull-out-and-as-investors-carve-out-money-for-lic-ipo/articleshow/89427072.cms">Power, banking and IT stocks see sharp sell-off on FII pull out and as investors carve out money for LIC IPO</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/razorpay-goes-global-acquires-malaysian-fintech-startup-curlec/articleshow/89425343.cms">Razorpay goes global, acquires Malaysian fintech startup Curlec</a>

Next season of Shark Tank could be about revenue sharing deals

<ul><li>On an average, India saw four startups turn unicorns on a monthly basis.</li><li>A unicorn, in startup parlance, is a company valued at over $1 billion.</li><li><keyword id="12241709" type="General" weightage="20" keywordseo="globalbees" source="Orion">GlobalBees</keyword> raised $111.5 million, while <keyword id="4548811" type="General" weightage="20" keywordseo="mamaearth" source="Orion">Mamaearth</keyword> raised another $80 million.</li></ul>India is now home to 81 <keyword id="4112095" type="General" weightage="20" keywordseo="unicorn-startups" source="Orion">unicorn startups</keyword> after Mamaearth and GlobalBees made it to the list in the last few days of 2021. Both the companies, who work in the ecommerce space, have raised capital at a valuation of over $1 billion. GlobalBees, on December 29, announced that it has raised $111.5 million in a round led by Premji Invest. The round also saw participation from new investor Steadview Capital as well as existing investors SoftBank and <keyword id="1615917" type="General" weightage="20" keywordseo="firstcry" source="Orion">FirstCry</keyword>. The company is valued at $1.1 billion. The company runs on a Thras.io model, which is a New York-based e-commerce player that acquires small merchants and brands listed on Amazon marketplace. After the acquisition of Amazon sellers’ businesses, the brand scales them up. GlobalBees is founded by online baby product retailer FirstCry cofounder Supam Maheshwari and Edelweiss’ former president and group chief investment officer (CIO) Nitin Agarwal. It raised <a href="https://www.businessinsider.in/business/startups/news/globalbees-has-raised-150-million-in-few-months-of-launch-to-acquire-more-businesses/articleshow/84552291.cms">$150 million</a> earlier this year. Mamaearth, on the other hand, is a direct to consumer (D2C) brand that sells its beauty and personal care products both online and offline. The company has raised nearly $80 million (₹589 crore) as per regulatory filings. This appears to be a part of a larger round. According to Entrackr, which first<a href="https://entrackr.com/2021/12/exclusive-mamaearth-turns-unicorn-after-a-new-round/"> reported </a>the development, Mamaearth has raised the latest round at a valuation of $1.07 billion. The company was valued at $750 million earlier this year, when it<a href="https://www.businessinsider.in/india/news/indian-skin-care-startup-mamaearth-valued-at-750-million-dollars-raises-50-million-for-acquisition/articleshow/84748327.cms"> raised $50 million</a>. Mamaearth was founded by <keyword id="4548812" type="General" weightage="20" keywordseo="ghazal-alagh" source="Orion">Ghazal Alagh</keyword> and Varun Alagh. Business Insider has reached out to Mamaearth for confirmation. India added<a href="https://www.businessinsider.in/business/startups/news/2021-indias-year-of-the-unicorn-and-its-many-high-points/slidelist/88528773.cms"> 11 ecommerce companies to the unicorn club in 2021</a>. This includes online car retailers CarDekho, Droom and Spinny, social commerce company Meesho, D2C brand Licious and another Thras.io-style startup Mensa Brands. On an average, India saw four startups turn unicorns on a monthly basis. Update: Mamaearth on January 1 announced that it raised $52 million in a round led by Sequoia. The company was valued at $1.2 billion. SEE ALSO <a href="https://www.businessinsider.in/stock-market/news/reliance-industries-sun-pharma-dr-reddys-and-other-hot-stocks-to-watch-out-for-on-december-29/slidelist/88556621.cms" data-type="tilCustomLink">Reliance Industries, Sun Pharma, Dr Reddy’s and other hot stocks to watch out for on December 29</a> <a href="https://www.businessinsider.in/business/startups/news/nykaa-zomato-paytm-oyo-and-policybazaar-made-their-employees-millionaires/slidelist/88552831.cms" data-type="tilCustomLink">19 people who became millionaires by working for Indian tech startups</a> <a href="https://www.businessinsider.in/finance/banks/news/there-is-a-small-pool-of-hope-amid-all-the-fear-around-rbl-bank/articleshow/88538626.cms" data-type="tilCustomLink">There is a small pool of hope amid all the fear around RBL Bank</a>

India is home to 81 unicorns now as Mamaearth, Globalbees make it to the list

<ul><li><keyword id="2988161" type="General" weightage="80" keywordseo="ashneer-grover" source="Orion">Ashneer Grover</keyword> has spoken about being excluded from <keyword id="11924074" type="General" weightage="80" keywordseo="shark-tank-india" source="Orion">Shark Tank India</keyword> Season 2.</li><li>The former BharatPe managing director was replaced with CarDekho’s Amit Jain.</li><li><keyword id="3433" type="General" weightage="100" keywordseo="grover" source="Orion">Grover</keyword> has claimed that he was also approached for reality show <keyword id="4646" type="General" weightage="20" keywordseo="big-boss" source="Orion">Big Boss</keyword>.</li></ul>BharatPe cofounder and former managing director Ashneer Grover has finally spoken about being <a href="https://www.businessinsider.in/entertainment/news/shark-tank-season-2-is-here-but-popular-shark-ashneer-grover-is-missing-meet-the-new-shark/slidelist/95271549.cms">excluded</a> from Season 2 of <keyword id="1417364" type="General" weightage="20" keywordseo="shark-tank" source="Orion">Shark Tank</keyword> India, a business reality show where contestants pitch their businesses, looking to <a href="https://www.businessinsider.in/business/news/shark-tank-india-season-2-will-start-soon-checkout-first-seasons-top-10-deals/slidelist/95300176.cms">raise capital</a> from the sharks. Ashneer Grover was one of the most popular sharks from the first Season and was known for his famous one-liners such as “ye sab doglapan hai”, “kya kar raha bhai tu” and “bilkul bakwaas idea hai.” Speaking to Red FM while promoting his upcoming autobiography titled <a href="https://www.businessinsider.in/business/news/former-bharatpe-founder-ashneer-grover-pens-memoir-called-doglapan/articleshow/95451416.cms">Doglapan</a>, Grover was asked by the host whether the show could not get him for Shark Tank India Season 2 as they couldn’t afford him. Grover replied, “Afford sirf paise se nahi hota, aukaat se hota hai” (You cannot afford a person just with money, it’s about status). Shark Tank India has revealed the Season 2 trailer, which showcased the judges for the upcoming season. After fans noticed Grover was missing, several fans took to social media platforms to ask for his return. The show’s creators have replaced Grover with Amit Jain, the cofounder, and chief executive officer of CarDekho, a used cars platform, as the new shark. The other sharks for the upcoming season are Anupam Mittal, Aman Gupta, Namita Thapar, Vineeta Singh, and Peyush Bansal. Mamaearth’s Ghazal Alagh will also be missing from the next season. <cmsannotation type="cmsannotation" annotationid="Grover talks about Big Boss" comment="subhead" text="Grover talks about Big Boss">Grover talks about Big Boss</cmsannotation> After Grover’s popular appearance in Shark Tank India’s Season 1 and infamous <a href="https://www.businessinsider.in/business/startups/news/ashneer-grover-resigns-from-bharatpe-heres-what-he-wrote-in-his-resignation-letter/articleshow/89912762.cms">exit</a> from BharatPe, Grover was reportedly approached for the popular reality show Big Boss, hosted by Bollywood actor Salman Khan. Grover claimed that he was approached for the show, and he declined. He added that only failed individuals go on the show. "Failed individuals go on that show, not successful people… There was a time when I used to watch the show, but I feel it’s become stale now. They approached me. I said sorry, not happening,” said Grover. SEE ALSO: <a href="https://www.businessinsider.in/business/news/shark-tank-india-season-2-will-start-soon-checkout-first-seasons-top-10-deals/slidelist/95300176.cms">Popsicles to canned cocktails - the top 10 deals cracked in Shark Tank India Season 1</a> <a href="https://www.businessinsider.in/entertainment/news/shark-tank-season-2-is-here-but-popular-shark-ashneer-grover-is-missing-meet-the-new-shark/slidelist/95271549.cms">Shark Tank India S2 returns without Ashneer Grover, meet the new shark</a> <a href="https://www.businessinsider.in/tech/apps/news/whatsapp-introduces-the-message-yourself-feature-working-on-voice-status-updates-and-more/articleshow/95851566.cms">WhatsApp introduces the “Message Yourself” feature, working on voice status updates and more</a>

Ashneer Grover talks about being excluded from Shark Tank India, calls Big Boss a show for failed individuals

<ul><li><keyword id="74945" type="General" weightage="20" keywordseo="women-entrepreneurs" source="Orion">Women entrepreneurs</keyword> are not far behind in founding the most valuable businesses of this millennium. </li><li>Ghazal Alagh of Mamaearth, and Saumya Singh Rathore of Winzo, aged 35, each is the youngest woman in the list. </li><li>Ruchi Deepak, co-founder of Acko, and Amrita Sirohia, co-founder, Amrita Sirohia, co-founder, INDmoney, at 41, are the eldest women in the list </li></ul>When it comes to founding valuable new businesses, women <keyword id="53533" type="General" weightage="20" keywordseo="entrepreneurs" source="Orion">entrepreneurs</keyword> are giving men a run for their money. We take a look at top ten <keyword id="19669428" type="General" weightage="20" keywordseo="youngest-women-entrepreneurs" source="Orion">youngest women entrepreneurs</keyword> in India according to the first edition of ‘India's Top 200 Self-made Entrepreneurs of the Millennia 2023’ launched by I<a href="https://www.idfcfirstbank.com/personal-banking/wealth/First-Private#home">DFC FIRST Private</a> Banking and <a href="https://hurunindia.com/">Hurun India</a>. Ghazal Alagh, 35, Gurugram Ghazal Alagh is a self-made woman entrepreneur and the co-founder of Mamaearth, one of India's leading brands of natural and toxin-free skincare and baby care products. Alagh's journey started with a personal need – she was struggling to find safe and effective skincare products for her son. This inspired her to create her own brand, Mamaearth, which has since become a household name in India and recently went public. Saumya Singh Rathore, 35, New Delhi Saumya Singh Rathore, co-founder of WinZO, has contributed to building India's leading social gaming platform in local languages, boasting a user base exceeding 100 million. Since its inception in 2018, WinZO has secured funding surpassing $100 million, supported by key investors like Griffin Gaming Partners, Makers Fund, Courtside Ventures, and Steve Pagliuca. Rajoshi Ghosh, 36, Bengaluru Rajoshi Ghosh, a serial entrepreneur, serves as the COO and co-founder of Hasura, a software technology company based in San Francisco. Beyond her role at Hasura, she has initiated five other startups. She holds the title of a World Economic Forum Global Shaper and commenced her professional journey as a published bioinformatics researcher specialising in genomics at the Genome Institute of Singapore. Dr. Garima Sawhney, 37, Gurugram Dr. Garima Sawhney, a co-founder at Pristyn Care, is a leading figure in India's healthcare. Renowned for her expertise in gynaecology, she embarked on her career as a doctor, honing crucial life skills during her tenure at a government hospital. Her leadership, born from compassionate patient care, has steered Pristyn Care to a valuation of $1.4 billion. Kanika Gupta, 39, Gurugram Kanika Gupta Shori holds the position of co-founder and COO at Square Yards, an integrated real estate marketplace. With an educational background from Wharton Business School, she brings more than 11 years of experience in both banking and entrepreneurial pursuits. Beyond her professional roles, Kanika actively contributes to initiatives centred around empowering women and supporting children's welfare. Vineeta Singh, 40, Mumbai Vineeta Singh is an Indian entrepreneur and investor who is the co-founder and CEO of SUGAR Cosmetics, a popular Indian beauty brand. Singh is also a judge on the Indian reality television show Shark Tank India. Singh is known for her tough questioning and her willingness to invest in businesses that she believes have the potential to succeed. Ruchi Kalra, 40, Gurumgram Ruchi Kalra, an entrepreneur from Gurgaon, has co-founded two unicorn startups – OfBusiness and Oxyzo with her husband, Ashish Mohapatra. Ruchi's successful business approach centres on extracting profit from each transaction, a strategy that has proven effective. She and her husband are the first couple who has founded two unicorns. Mabel Chako, 40, Bengaluru Mabel Chako, co-founder and chief operating officer at Open, boasts a 13-year entrepreneurial journey in financial technology. Her expertise spans intricate financial landscapes, honed through roles at Citrus Payment Solutions and PayU. Her founding of CashNxt in 2007 and Zwitch in 2013 (later acquired by Citrus Payments) underscores her entrepreneurial acumen and commitment to innovative solutions. Ruchi Deepak, 41, Mumbai Ruchi Deepak, co-founder of Acko, hails from Jamshedpur and pursued her bachelor's degree at Lady Shri Ram College, followed by Law at Delhi University. Ruchi aimed for meaningful innovation in financial services. Witnessing the industry's focus on selling to distributors rather than customers directly, she envisioned a shift. Co-founding Acko with Varun Dua, they leveraged technology to revolutionise insurance experiences. Amrita Sirohia, 41, Gurugram Amrita Sirohia, co-founder of INDmoney, embarked on her journey in the financial sector driven by a passion for technology and finance. Amrita's professional trajectory includes roles at renowned companies like Google and Barclays, which led to her understanding of financial complexities and technological innovation. Co-founding INDmoney, her aim was to democratise wealth management through tech-enabled financial solutions, empowering individuals to navigate and optimise their financial portfolios efficiently.

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