V A Perfumes Shark Tank India Pitch:
V A Perfumes is known for its Night Agarbatti. The founder shared that their product is revolutionary. Their Agarbatti’s come in several flavours like Romance, Classic Love, Extreme Fun & others. The company also creates a range of devotional Agarbattis as well. Their products are sold through Malls, Cosmetic Stores and Medical Stores. The founder sought an investment of ₹1 Crores for 10% equity valuing the business at ₹10 Crores.
V A Perfumes has been live for 7 months by the time of their pitch presentation on Shark Tank. The founder shared that he has invested around ₹70 Lakhs of his own money in this business. The company has monthly sales of around ₹10 lakhs and lifetime sales of ₹70 Lakhs. V A Perfumes has a gross margin of 56% and net margin of 36%. Devotional Agarbattis bring about 70% of the total revenue for the company.
V A Perfumes Shark Tank India Negotiations & Funding:
Namita was the first shark to go out citing she could not relate to the products. Amit went out due to issues with scales in the long run. Peyush went out citing he does not have expertise in this area. Aman went out because he couldn’t understand the product. Anupam went out citing it as not yet investable.
Who is the founders of V A Perfumes?
Amit Hotchandani founded V A Perfumes. He is from Gondia.
How is V A Perfumes doing after Shark Tank India?
Our research in the V A Perfumes revealed that the company did get a lot of exposure due to their appearance on Shark Tank India. The startup went out of business sometime in 2023. Their products are not available through any socials but you can still check out other Shark Tank India Products by clicking the Amazon Button below.
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Here are other companies from Season 2 Episode 39.
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