Very Much Indian Shark Tank

Very Much Indian Raises Rs.50Lakh from Shark Tank India S2 E2

Very Much Indian is an India-based saree brand known for its high-quality, handmade sarees, founded by Slony Gambhir. The brand offers a great selection of sarees in a variety of designs, at affordable prices.

It is associated with over 400 weavers communities all over India and provides sarees of all types, including silk, cotton, polyester, with zari, without zari, mill made and more.

Not only that, but you can find sarees at all price ranges, from the cheapest to the most expensive.

Plus, this company connects directly with weavers from all over India to bring you authentic sarees like Pure Silks, Cotton, Cotton Silks, Linen, Paithani, Banarasi, Kota, Kalamkari, Maheshwari and more.

Very Much Indian Shark Tank

Very Much Indian: Details

Brand Name Very Much Indian
Founded Jan 2016
Founder Slony Gambhir
Niche Premium Saree Manufacturing
Asked in Shark Tank Rs.50,00,000 for a 3% equity
Final Deal Rs.50,00,000 for a 10% equity
Shark Investors Namita Thapar and Aman Gupta
Episode Shark Tank India S2 E2 
Episode Air Date January 3, 2023
HQ Pune, Maharashtra, India
Website Visit Now

About the Founder of Very Much Indian: Slony Gambhir

At the age of 14, Slony Gambhir began helping her family business, a textile store, managing clients and handling accounts. After completing her BTech and MBA studies, she spent 10 years in the corporate world.

In 2016, she decided to start her own saree business, Very Much Indian, taking a loan of 25 sarees from her father and with the support of her husband.

Later, she and her husband pitched their business to the Sharks on Shark Tank India Season 2 Episode 2, asking for ₹50 Lakhs in exchange for 3% equity at a ₹16.67 Crores Valuation.

Very Much Indian Shark Tank Pitch and Story

Slony and her husband went on Shark Tank India and asked the Sharks for50 lakhs in exchange for 3% equity. Slony talked about her business and how it works, as well as its sales. At the start, Slony had a hard time and used to go doortodoor selling sarees.

Namita Thapar was interested and said she would invest in the business.

In 201819 the annual sales were17 lakhs, and in 201920 they rose to20 lakhs. During the pandemic of 202021, their annual sales skyrocketed by 225% to65 lakhs. By the financial year 202122, the annual sales had reached1.5 crores.

Namita and her team estimated that by the end of 2023, they would have an annual sale of2 crores, with each saree being sold at10,000 and a gross margin of 35%, resulting in a profit of around 15%.

To make a deal, Namita offered50 lakhs for 10% equity at a5 Crores valuation, as the business was selling 100+ sarees every month.

However, Peyush Bansal said since Namita already made a good offer, so he was out. Vineeta Singh also agreed that Namita‘s offer was good, so she was out too.

Anupam Mittal wasn‘t interested in the textile business, so he was out too as well.

Aman Gupta and Namita teaming up, offered 50 lakhs for 10% equity.

The entrepreneur countered with75 lakhs for 10% equity at a 7.5 Crores valuation, but Namita stayed firm on the5 Crore valuation, and Manish and Slony agreed to it.

Final Offer: 50 Lakh, at 5Crore valuation, for 10% Equity (5% each – Namita Thappar and Aman Gupta)

FAQ

Who is the founder of Very Much Indian?

Slony Gambhir.

Where is Very Much Indian head quartered?

Pune, Maharashtra, India

Did Very Much Indian manage to raise funds in Shark Tank India?

Yes, very Much Indian raised 50 lakhINR for 10% equity.

What is the current valuation of Very Much Indian?

5 Crore.

Who offered deal to Very Much Indian?

Shark Aman Gupta and Namita Thappar

making money dropshipping

How to Make Money Dropshipping in 2023?

Dropshipping is one of the most popular ways to make money online. It involves selling products from a wholesaler to customers, without having to keep inventory or manage shipping. Instead, you partner with a dropshipping supplier who handles the fulfillment process. All you have to do is collect the money from customers, and the supplier will take care of the rest.

making money dropshipping

If you’re looking to start a business with low overhead costs, dropshipping is a great option. You don’t need to invest in purchasing products or managing fulfillment. Instead, you can focus on marketing and customer service.

Here are some tips to help you get started with dropshipping:

Research Suppliers

The most important part of dropshipping is finding a reliable supplier. You want to make sure they have a good reputation and are able to provide quality products at competitive prices. Take some time to research different suppliers and compare their offerings. You can also check customer reviews and ratings to get a better idea of the supplier’s reliability.

Set Up Your Store

Once you’ve chosen a supplier, you’ll need to set up your store. You can use platforms like Shopify or WooCommerce to easily create an online store. You’ll need to upload product images, write product descriptions, and set prices for each item. You can also add features like wishlists and customer reviews to improve the shopping experience.

Market Your Store

Now that your store is set up, it’s time to start marketing. You can use a variety of strategies to reach potential customers, such as SEO, social media, email marketing, and more. Take some time to experiment with different strategies to find what works best for you. You can also look for influencers to partner with and offer discounts to attract more customers.

Keep Customers Happy

Customer service is key when it comes to dropshipping. Since you won’t be dealing with customers directly, it’s important to ensure that your supplier is providing quality customer service. Respond quickly to customer inquiries and take the time to provide helpful answers. You can also provide perks, such as free shipping or discounts, to keep customers coming back.

Dropshipping can be a great way to make money online, but it’s important to do your research and take the necessary steps to ensure success. Take the time to find a reliable supplier, set up your store, market it effectively, and keep customers happy. With the right strategies in place, you can start making money with dropshipping in no time.

1000USD business ideas

1000USD investment ideas: 10 businesses you can start with 1000USD

Starting a business can be a great way to turn a passion into a career, or to create a new source of income. But many aspiring entrepreneurs are hesitant to take the leap because they believe they don’t have the resources or capital to get started.

If you have just $1,000 to invest, you might think that your options are limited. But the truth is, there are plenty of businesses you can start with just a small amount of seed money. In this article, we’ll explore 10 business ideas that can be launched for $1,000 or less.

Whether you’re interested in selling handmade crafts, offering consulting services, or starting a small online store, there’s an idea on this list for you.

1000USD business ideas

So let’s get started and see what you can accomplish with just $1,000 and a little bit of creativity!

Dropshipping

Dropshipping is a business model where you sell products without actually stocking or shipping them. You partner with a dropshipping supplier who will ship the products directly to your customers. All you have to do is advertise and market the products. With $1,000 you can set up a dropshipping business and start selling.

Freelance Writing

Freelance writing is a great way to make money with just $1,000. You can use the money to set up a website, create marketing materials, and buy needed software. You can also use the money to buy services like editing and proofreading. With $1,000 you can get your freelance writing business up and running.

Food Delivery

With just $1,000 you can start a food delivery business. All you need to do is sign up with a food delivery service and use your own vehicle to deliver food to local customers. You can also use the money to buy food delivery bags, uniforms, and other necessary supplies.

Affiliate Marketing

Affiliate marketing is a great way to make money online with just $1,000. All you need to do is sign up with an affiliate network and start promoting products. You can use the money to create ads, purchase traffic, and create content for your website.

Online Tutoring

If you have expertise in a certain subject, you can use $1,000 to start an online tutoring business. You can use the money to purchase necessary equipment like a webcam and headset, create marketing materials, and buy software. You can also use the money to pay for advertising and promote your tutoring services.

House Cleaning

If you like to clean, you can use $1,000 to start a house cleaning business. You can use the money to purchase supplies like mops, brooms, and cleaning products. You can also use the money to advertise and promote your services.

Handyman Services

With just $1,000 you can start a handyman business. You can use the money to purchase tools, ladders, and other necessary equipment. You can also use the money to advertise and promote your services.

Pet Sitting

If you love animals, you can use $1,000 to start a pet sitting business. You can use the money to purchase supplies like leashes, food, and toys. You can also use the money to advertise and promote your services.

Personal Chef

If you are a great cook, you can use $1,000 to start a personal chef business. You can use the money to buy ingredients, create menus, and purchase kitchen equipment. You can also use the money to advertise and promote your services.

Home Staging

With $1,000 you can start a home staging business. You can use the money to purchase furniture, décor, and other necessary supplies. You can also use the money to advertise and promote your services.

These are just a few ideas for starting a business with just $1,000. With a little bit of creativity and dedication you can launch any of these businesses and start making money. All you need is a great idea and the right attitude to get started.

make money via affiliate marketing

How to Make Money via Affiliate Marketing?

Affiliate marketing is a popular way for businesses to earn revenue by promoting other companies’ products or services. It’s a simple concept: a business partners with an affiliate, who promotes the business’s products or services to their audience in exchange for a commission on any sales that result from the promotion.

If you’re looking for a way to make money online, affiliate marketing might be a good option for you. It’s relatively easy to get started, and you don’t need a lot of upfront investment. All you need is a website or social media presence, and the willingness to learn and work hard.

make money via affiliate marketing

In this article, we’ll explore the basics of affiliate marketing and provide some tips and strategies for making money with this lucrative opportunity. Whether you’re a blogger, influencer, or small business owner, there’s a place for you in the world of affiliate marketing. Let’s get started!

Things you Need to know before starting Affiliate Marketing

Before you start, you must understand the basic principles of affiliate marketing and how it works. You will need to find a suitable product or service to promote and sign up with an affiliate program that offers a commission for each sale or referral. You will then need to create content that promotes the product or service, such as reviews, blog posts, videos, and social media posts. Finally, you will need to drive traffic to your content through various methods such as SEO, paid advertising, and social media marketing.

How to make money via Affiliate marketing in 2023

Once you have a good understanding of affiliate marketing, it’s time to start making money. Here are some tips and tricks to help you get started:

Choose the right product or service

Choosing the right product or service to promote is essential for success in affiliate marketing. You need to ensure that the product is relevant to your audience and offers a good commission. Do your research, read reviews, and talk to other affiliates about their experiences with the product or service.

Create content that promotes the product or service

You need to create content that will draw people’s attention and encourage them to click on your affiliate link. This could be blog posts, articles, product reviews, videos, and more. The content should be unique, informative, and engaging in order to be effective.

Optimize your content for search engines

Optimizing your content for search engines is essential for success in affiliate marketing. Make sure your content contains keywords relevant to the product or service you are promoting and use them in strategic places such as the title, meta description, and body of the article.

Build an audience

Building an audience is one of the most important aspects of affiliate marketing. You need to build an engaged and loyal following who will be likely to click on your affiliate link. The best way to do this is by providing valuable content and engaging with your audience on social media.

Utilize other marketing channels

Utilizing other marketing channels such as paid advertising, email marketing, and influencer marketing can help you drive more traffic to your affiliate links. Paid advertising can be expensive, so it is important to ensure that your campaigns are well-targeted and optimized for maximum ROI.

These tips will help you get started with affiliate marketing and make money online. Remember, it takes time and effort to be successful in affiliate marketing. You need to build an audience, create content that promotes the products or services you are affiliated with, and optimize your content for search engines. With persistence and dedication, you can become a successful affiliate marketer and make money online.

finding a perfect cofounder

How to find a Perfect Cofounder for your Startup or Business?

Choosing the right co-founder is crucial to the success of any startup. In this article, we will explore the key factors to consider when selecting a co-founder and provide tips for finding the perfect partner for your business. From complementary skills and shared values to trust and respect, we will discuss the importance of finding a co-founder who is a good fit for your startup and how to set the foundation for a strong and successful partnership.

finding a perfect cofounder

Common Mistakes we make while selecting a cofounder

Before look into some tips to find a perfect cofounder, let’s have a look at the top five common mistakes people make when selecting a co-founder:

Not considering complementary skills

One common mistake is not considering the skills and expertise that a potential co-founder brings to the table. It’s important to have a co-founder who complements your skills and experience, as this can bring a wider range of knowledge and expertise to your startup.

Rushing the decision

Another mistake is rushing the decision of selecting a co-founder. Building a startup is a big undertaking that requires a strong foundation, so it’s important to take the time to carefully evaluate and select a co-founder who is a good fit for your business.

Lack of trust and respect

Trust and respect are essential qualities in any co-founder relationship. Failing to find a co-founder who you trust and respect can lead to tension and conflict within your team, which can hinder the success of your startup.

Misalignment of values and goals

It’s important to have a shared vision for the direction of your startup and to be aligned on key values and goals. Failing to find a co-founder who shares your values and goals can create conflicts and challenges down the road.

Incompatibility

Choosing a co-founder who is incompatible with your personality and working style can also be a mistake. It’s important to find a co-founder who you can work well with and who shares your vision for the company.

Overall, it’s important to carefully consider the skills, values, goals, and compatibility of potential co-founders to ensure that you are setting the foundation for a strong and successful partnership.

Tips to find a perfect cofounder for your business

Now that we are aware of the mistakes, here are some tips for choosing a perfect co-founder:

Look for complementary skills

It’s important to have a co-founder who complements your skills and experience. For example, if you are strong in marketing, look for someone who is strong in technology or finance. Having a co-founder with complementary skills can be beneficial for a startup in several ways:

Greater expertise: By having a co-founder with skills and expertise that complement your own, you can bring a wider range of knowledge and experience to your startup. This can help you make better decisions, solve problems more effectively, and navigate the challenges that come with building a business.

Increased efficiency: When co-founders have complementary skills, they can divide and conquer tasks more effectively. This can help your startup be more efficient and productive, allowing you to get more done in less time.

Balanced decision-making: Having a co-founder with a different skill set can also help to balance decision-making. For example, if you are strong in marketing and your co-founder is strong in technology, you can bring different perspectives to the table when making decisions about the direction of your startup.

Enhanced team dynamic: Complementary skills can also contribute to a more positive and harmonious team dynamic. When co-founders have different areas of expertise, they can rely on each other to fill in gaps and offer support. This can foster a sense of teamwork and collaboration that is essential for the success of any startup.

Find someone you trust and respect

Building a business takes a lot of hard work and dedication, so it’s important to find a co-founder that you trust and respect. Trust and respect are essential qualities in any co-founder relationship. When you trust and respect your co-founder, it can help your startup in several ways:

Improved communication: Trust and respect can create an open and honest communication dynamic, which is essential for the success of any startup. When co-founders trust and respect each other, they are more likely to share ideas and offer constructive feedback, which can lead to better decision-making and problem-solving.

Stronger teamwork: Trust and respect can also foster a sense of teamwork and collaboration, which is essential for the success of any startup. When co-founders trust and respect each other, they are more likely to work together effectively and support one another through the ups and downs of building a business.

Increased motivation: When you trust and respect your co-founder, it can also increase your motivation and commitment to the startup. When you have a positive working relationship with your co-founder, you are more likely to be motivated to put in the extra effort and go the extra mile to make the startup succeed.

Enhanced reputation: Trust and respect are also important for building a positive reputation within your industry. When your co-founder is someone who you trust and respect, it can help to establish your startup as a reputable and trustworthy business.

Look for shared values and goals

It’s important to have a shared vision for the company and to be aligned on key values and goals. Having shared values and goals with your co-founder is important because it can help to ensure that you are aligned on the direction and purpose of your startup. When you have shared values and goals, it can help to create a sense of unity and purpose within your team, which is essential for the success of any startup.

Some benefits of having a co-founder with shared values and goals include:

Improved decision-making: When you and your co-founder share values and goals, you are more likely to be aligned on key decisions and the direction of your startup. This can help to ensure that you are working towards a common purpose and that your efforts are focused and efficient.

Stronger teamwork: Shared values and goals can also foster a sense of teamwork and collaboration within your startup. When you and your co-founder are united by a common purpose, you are more likely to work together effectively and support one another.

Increased motivation: When you and your co-founder share values and goals, it can also increase your motivation and commitment to the startup. When you are aligned on key values and goals, it can help to create a sense of purpose and drive that can inspire you to work harder and be more dedicated to the success of your business.

Enhanced reputation: Shared values and goals can also help to build a positive reputation within your industry. When your startup is known for having a clear purpose and values, it can help to establish trust and credibility with customers, partners, and investors.

Having a co-founder with shared values and goals can help to create a strong foundation for your startup and ensure that you are aligned on the direction and purpose of your business.

Consider the long-term

Building a business is a long-term commitment, so it’s important to choose a co-founder who you can see yourself working with for the long haul. Here are some reasons why considering a co-founder with a long-term vision can be beneficial for your startup:

Increased stability: When your co-founder is committed to the long-term success of your startup, it can create a sense of stability and continuity within your team. This can be especially important when you are facing challenges or setbacks, as you can rely on your co-founder to be there for the long run.

Improved decision-making: When your co-founder has a long-term vision for your startup, it can help to align your decision-making and ensure that you are working towards a common goal. This can help to ensure that your efforts are focused and efficient, and that you are making decisions that are in the best interests of the long-term success of your business.

Stronger teamwork: A co-founder with a long-term vision can also foster a sense of teamwork and collaboration within your startup. When you are both committed to the long-term success of your business, you are more likely to work together effectively and support one another through the ups and downs of building a startup.

Enhanced reputation: Having a co-founder with a long-term vision can also help to build a positive reputation within your industry. When your startup is known for having a clear long-term vision and a commitment to sustainability, it can help to establish trust and credibility with customers, partners, and investors.

Considering a co-founder with a long-term vision can help to create a strong foundation for your startup and ensure that you are working towards a common goal that is aligned with the long-term success of your business.

Don’t rush the decision

Building a business is a big undertaking, so take the time to carefully consider your options before making a decision. It’s important not to rush the decision of selecting a co-founder for your business because building a startup is a big undertaking that requires a strong foundation. Choosing the right co-founder is an important decision, as you will be working closely with this person and building a business together. Therefore, it’s important to take the time to carefully evaluate and select a co-founder who is a good fit for your business.

Here are some reasons why you should not rush the decision of selecting a co-founder:

Misalignment of values and goals: Rushing the decision of selecting a co-founder can lead to misalignment of values and goals, which can create conflicts and challenges down the road. By taking the time to carefully evaluate potential co-founders and ensure that you are aligned on key values and goals, you can set the foundation for a strong and successful partnership.

Incompatible skill sets: Rushing the decision of selecting a co-founder can also lead to incompatible skill sets, which can hinder the efficiency and productivity of your startup. By taking the time to find a co-founder with complementary skills, you can ensure that you have a well-rounded team with the expertise and experience needed to succeed.

Lack of trust and respect: Trust and respect are essential qualities in any co-founder relationship. Rushing the decision of selecting a co-founder can lead to a lack of trust and respect, which can create tension and conflict within your team. By taking the time to find a co-founder who you trust and respect, you can create a positive and harmonious working relationship that is essential for the success of your startup.

Hence, it’s important to not rush the decision of selecting a co-founder for your business. By taking the time to carefully evaluate and select a co-founder who is a good fit for your startup, you can set the foundation for a strong and successful partnership.

It’s also a good idea to have candid conversations with potential co-founders about expectations, roles and responsibilities, and how you will handle conflicts and challenges that may arise. By taking the time to carefully evaluate and select a co-founder, you can set the foundation for a strong and successful partnership.