- Founder: Priyam Singh
- Business: Pet Products
- Ask: ₹50 lakhs for 4% Equity
- Valuation/Net worth: ₹12.5 Crores
- Funding: ₹50 lakhs for 15% Equity
- Sharks: Anupam Mittal
- Episode: Season 1 Episode 25
Paws India Shark Tank India Pitch:
Pawsindia is a pet e-commerce marketplace and product development company that focuses on innovation in advanced healthcare and product development for pets. The company appeared on the 25th episode of the first season of Shark Tank India, where founder Priyam Singh sought INR 50 lakhs in exchange for a 4% equity share of the company. They have 250-300 products on their website, which acts as a marketplace for other small companies as well. They also have India’s first self-pay toy for dogs, which is designed and made in India.
90% of their revenue comes from their own products, and 10% comes from the products sold by other brands on their website. 25% of their own revenue comes from healthcare products for pets, and the rest comes from food, toys, etc. They made ₹20 lakh last month and netted around 16.5%. Their year-to-date revenue for FY21-22 is at ₹1.2 crores. Last year they made 1.2 crores in revenue, and they are expecting to close this year at 3 crores.
Pawsindia Shark Tank India Negotiations:
Namita goes out, citing she doesn’t know much about the industry and is not very excited about the market. Vineeta wanted to offer but decided not to move forward after Priyam commented that they want to focus on the healthcare side of the business. Peyush said they need to focus on their own products, but he goes out of this deal. Gazal has already invested in a similar brand, so she goes out, citing a conflict of interest.
Anupam wanted to offer but he puts in two conditions. The first being that he would like to meet another co-founder before closing the deal. The second condition was that they need to work on strategy and focus on one plan execution. Anupam makes an offer of ₹50 lakh for 15%. He adds that it’s a non-negotiable offer. Priyam asks if Anupam would be willing to fund any POs, to which he responds that he would at a standard 12% interest. The company accepts Anupam’s offer of ₹50 lakh for 15%.
Who is Pawsindia’s founder?
The founder of PawsIndia is Priyam Singh, who co-founded the company with her brother. Priyam worked at JP Morgan in the finance department for investment banking. Her other co-founder has a background in the pharmaceutical industry and runs a successful company that exports medicines to the African Market, making around ₹50-100 crores a year. Priyam’s brother has done BCom and worked in the pharmaceutical industry for 5 years.
How is PawsIndia doing After Shark Tank India?
Regarding how PawsIndia is doing after Shark Tank India, our research into the company revealed that their deal with Anupam did indeed close after the show aired. As of November 2023, they are still in business and thriving. They have over 47,000 Instagram followers and are growing. They have over 50 brands listed on their website and a wide array of their own products as well.
Source: PawsIndia Instagram
Here are other companies from Season 1 Episode 25.
1 thought on “Is PawsIndia out of business after Shark Tank India?”