The Conscious Chemist Networth & After Shark Tank Updates!

• Founders: Robin Gupta and Prakher Mathur
• Business: Skin Care Products
• Ask: ₹60 Lakhs for 2%
• Valuation/ Networth: ₹30 Crores
• Funding: No Deal
• Sharks:
• Episode: Season 3 Episode 1

The Conscious Chemist Shark Tank India Pitch:

Conscious Chemist is a science-backed innovative skincare brand that formulates solutions for various skin concerns. All products are made under expert supervision, using high-quality ingredients, and are beginner-friendly. They have already helped improve the skin health of over 300,000 customers, as claimed by the founder. To create one product, they go through 40-50 iterations with manufacturers and independent R&D to formulate it.

They offer 29 different products and sell them on their own website and various e-commerce platforms.

Sales of Conscious Chemist:

In August 2023, they reported an 85 Lakhs gross margin and 65 Lakhs net revenue. In the fiscal year 2022-23, they achieved sales of 4.5 Crores with an EBITDA of 65 Lakhs. As of September 2023, they have already surpassed 3.6 Crores in sales and are expected to close this fiscal year at 9 Crores. In September 2021, they raised 3 Crores at a 9 Crores valuation, and in July 2023, they secured an additional funding of 76 Lakhs.

The Conscious Chemist Shark Tank India Negotiations & Funding:

Namita Thapar was the first Shark to opt out because she believes that the Conscious team is confused about future strategies, and going offline could be suicidal for the company, given their limited runway of 5-6 months. Vineeta also chose to opt out because of issues with distribution and the team’s inability to scale effectively on e-commerce platforms, despite having good products.

Amit mentioned his inability to find financial viability and questioned why consumers were not talking about their products, leading him to opt out. Aman also chose to opt out, advising that they should hire a super salesman to effectively sell their superior products. Anupam was unimpressed with the future strategies presented and questioned how the company would grow. He suggested that they should seek funding from Lotus if they want to survive and revive their business. Lotus offered them 2.5 crores at an 18 crores valuation.

Who is the founder of The Conscious Chemist?

Robin Gupta and Prakher Mathur are the founders of Conscious Chemist. Prakher Mathur hails from Jaipur, Rajasthan, while Robin is from Alwar, Rajasthan. Robin holds a 51% stake in the company, while Prakher holds 17% equity.

How is The Conscious Chemist doing after Shark Tank India?

Unfortunately, Conscious Chemist did not secure a deal from the Sharks, but they boast a strong following on Instagram with 75.5K followers. We will update you on how much they grow after the Shark Tank episode aired. you can check out there products on Amazon by clicking the link below!

Here are other companies from Season 3 Episode 1.

Source: Instagram @consciouschemistindia