Earning Rs 1 crore per month from home kitchen. Shark Tank India judge Namita Thapar salutes the entrepreneur
Shark Tank India. The founders of Eat Better Co made the ‘Sharks’ sit up and take notice when they revealed their startup had earned Rs 1 crore per month from just Blinkit.
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The founders left the judges awestruck when they shared their journey from running a home kitchen to a thriving snack business with a 20,000 square feet manufacturing unit and monthly earnings that exceeded Rs 1 crore.
The entrepreneurs announced their target of approximately Rs 30 crore in revenue for the current year and sought Rs 50 lakh for a 0.5% stake, thereby valuing their enterprise at Rs 100 crore.
Several investors expressed interest; however, Anupam Mittal considered the valuation excessively high to propose a feasible offer. He admired their venture and wished he had encountered them earlier. Ritesh Agarwal shared this sentiment, commending their products but declining to invest. He showed interest in collaborating through OYO Rooms. Namita Thapar criticized their packaging and certain assertions but, upon learning their revenue, promptly extended an offer. She proposed Rs 50 lakh for a 0.5% stake, maintaining their valuation, with a 1% royalty until her Rs 50 lakh investment was recouped. Vineeta Singh offered Rs 50 lakh for 1.5% equity without any royalties.
Namita mentioned that companies often secure exclusive agreements with
