Uncle Peter's Pancakes Grabs 3 Sharks Deal at Shark Tank India Season 3

livemint.com:

₹60 lakh for a two per cent equity stake, Sundeep and Akashdeep showed how their pancakes are made using wheat and oat flour, demonstrating the technicalities and formulations that ensure consistency in texture and taste. They served their signature dishes to the sharks – like pancake cereal bowls, blueberry garden pancakes, tiramisu pancakes and fresh fruit pancakes, which was applauded by all the sharks for their quality taste and consistency Uncle Peter’s Pancakes bagged the 3 sharks deal based on being profitable and developing a good ecosystem for their franchise network to grow. Sundeep mentioned that more than 85% of the franchise models are profitable, with 25% making a monthly profit of ₹85,000 to ₹1,00,000.

Sundeep and Akashdeep outlined plans for expanding in and capitalising on their home city, Bangalore, before venturing into new cities. In their pitch, founders Sundeep Singh and Akashdeep Dan asked for 2% equity at a valuation of 30 Crores. After negotiations, the sharks finalised the deal, acquiring a three per cent equity stake in the business at the valuation of 20 Crores.

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