How is KalaKaram doing after Shark Tank India?

Founder: Chaitanya Malhotra
Business: DIY Kits
Ask: ₹50 Lakhs for 2.5% Equity
Net Worth/Valuation: ₹20 Crore
Funding: ₹60 Lakhs for 6% Equity
Sharks: Namita Thapar, Peyush Bansal and Anupam Mittal
Episode: Season 3 Episode 6

KalaKaram Shark Tank India Pitch:

Kalakaram produces distinctive do-it-yourself kits that encompass a range of painting activities and an advanced skill level activities. Specializing in DIY Crafts kits designed for children aged 4 to 14 years, Kalakaram’s products not only foster creativity but also enhance self-expression, confidence, and problem-solving abilities.

These innovative kits are available for purchase through various channels, including over 350 retail stores, online marketplaces, and the company’s official website.

KalaKaram Financials during Shark Tank India:

Kalakaram predominantly conducts 90% of its sales through offline channels, with the remaining 10% facilitated online. In September ’23, the company achieved ₹42 lakhs in sales, followed by ₹50 lakhs in October ’23, and they are expected to close November ’23 with another ₹50 lakhs in sales.

For the fiscal year ’22-23, Kalakaram reported sales amounting to ₹1.5 Crores. Looking ahead to ’23-24, the company anticipates a substantial growth, targeting a closing figure of ₹5 Crores. Maintaining a robust financial standing, Kalakaram boasts a 23% monthly net margin, reflecting their efficiency in managing costs and generating revenue

Who are the founders of KalaKaram?

KalaKaram is founded in mar 2022 by Chaitanya Malhotra and He is from Gurgaon. He is a third generation in Craft business.

KalaKaram Shark Tank India Negotiations & Funding:

Namita was the first shark to propose ₹50 lakhs for a 5% equity stake, and Anupam increase the valuation and an offer of ₹50 lakhs for a 4% equity share. Vineeta opted out, expressing concerns over the lack of clarity regarding business valuation and scalability. Peyush mirrored Namita’s offer, presenting ₹50 lakhs for a 5% equity share. Aman aligned his offer with Anupam’s, matching ₹50 lakhs for a 5% equity stake.

In the negotiation process, Peyush revised his offer to ₹60 lakhs for a 6% equity share. However, Anupam and Namita decided to collaborate. Aman, initially preferring to go solo, adjusted his offer to ₹60 lakhs for a 6% equity share. Despite the revision, Aman ultimately chose to step out of the negotiations as Chaitanya insisted that he collaborate with other sharks. The final deal was sealed with Peyush, Namita, and Anupam reaching an agreement.