How is RIZE Doing After Shark Tank India? -

Founder/Owner: Sahil Manral and Dhruv Verma
Business: Energy Bars
Ask: ₹45 Lakhs for 6% Equity
Valuation/ Net worth: ₹7.5 Crores
Funding: No Deal
Sharks: No Deal
Episode: Season 3 Episode 32

RIZE Shark Tank India Pitch:

RIZE, an Indian startup, was featured on Shark Tank India Season 3 Episode 32. Energy Bars cater to specific health and wellness needs using caffeine and taurine. Bliss Bites help reduce women’s period pain, while Dream Bites aid sleep. They sell through online and offline channels and aim to collaborate with gyms, airlines, and corporates to increase their product offerings. They currently have 12 SKUs. The unique selling proposition (USP) of RIZE Bars is their high protein, low fat, low carbohydrate, and no added sugar content.

Their target demographics include active professionals, tourists and travelers, women experiencing menstrual pain, and individuals with sleep problems.

RIZE Financials & Revenue during Shark Tank India:

They have raised ₹30 lakhs from Sunny Leone and Daniel Weber at a valuation of ₹2.5 Crores, with Sunny Leone also becoming the brand ambassador of RIZE Bar. Sahil and Dhruv hold 44% equity each, while Sunny and Daniel hold 12% equity. Namita raised the question of why they are seeking a valuation three times higher than the previous round. The founder replied that with Sunny as the brand ambassador, it has elevated the brand’s value.

Who are founders of RIZE?

RIZE was founded in April 2023 by Sahil Manral and Dhruv Verma. Sahil is pursuing a bachelor’s degree in Culinary Arts from ISH, Gurugram. Dhruv, on the other hand, is 21 years old and pursuing a BBA in Real Estate and Urban Infrastructure from Amity University, Noida.

RIZE Shark Tank India Negotiations & Funding:

Anupam likes the founders, but he believes the market is very cluttered. Additionally, he thinks it’s too early to judge the caffeine and taurine product without more in-depth analysis. He questions whether they can create a world-beating product and, for these reasons, sidelines from negotiations. On the other hand, Amit believes the founders are missing attention to detail in planning and decides to exit from negotiations. Namita advises the founder to focus more on numbers. She argues that without any sales, it’s not reasonable to have a 3x valuation, and consequently, she chooses to opt out. Similarly, Ritesh also opts out.

Meanwhile, Aman believes this business may not succeed, but he thinks the founder will learn from it. Despite this, he chooses to exit from negotiations. However, he advises the founders to join more entrepreneurial lessons and offers to give them time to help.