Dabble has raised INR 15 lakhs from shark tank season 2. Aman invested in this startup. Pitchers made an ask of 50 lakhs for 10% equity at a valuation of 5 crores.
Anupam’s offer was for 50 lakhs and will come up as one-third of the equity holders. And the deal was done as Aman offered 15 lakhs rupees in and 35 lakhs debt in exchange for 10% equity in the company.
Also raed Portl Has Raised INR 1.5 crore From Shark Tank Season 2. Pitchers made an ask for 1.5 crores in exchange for 1% equity at a valuation of 150 crores. The final deal was 1.5 crores in exchange for 2.5% equity with Aman, Peyush, and Namita.
About the Dabble
Neha Bajaj and Karen Saldanha. They are from Nama Bengaluru.Karen has completed an MBA in finance and management. After that, she got into the IIM Bangalore entrepreneurship cell. Neha has a master’s degree in Photography with the experience 13 years of in photography.
Dabble was started in the year of 2018. Dabble makes child-safe, toxin-free, and development-friendly products for a child’s development. They have 10 products like Brushes, colours, crayons, moulds, finger paints, etc. They have a website for their products and are available on Amazon, Flipkart, and First cry. It is also the first company to write all the product ingredients on the packaging. Dabble made its first sale in 2019 at IIM NSRCEL, where it received incubation.
Dabble Business Statistics:
In the year 2019-2020, the sales were 17 lakh rupees. In the year 2020-2021, the sales were 14 lakhs rupees. In the years 2021-2022, the sales were 46 lakhs rupees, and till now, this year, the sales are 33 lakhs rupees. Last month’s sale was 8.7 lakh. They invest 4-5% in marketing.
Dabble has 2 SKUs of colours. One set is of 3 colours, and the other is of 9 colours. The cost of a 3-set box is 549 rupees. Their gross margin is 75%. The COGS is 25%, Marketing 9%, and shipping 10%. Their channel margin is about 30%. Salaries are 26%. The equity split is 50-50 between them.
Problem solved by Dabble
As we know parent buys their children artistic material to practice art and creativity. And they also need to look after their children, whether their children engulf the crayons, colours, etc. Therefore Dabble came up with the idea to make child-safe, toxin-free, and development-friendly products for a child’s development. They make Brushes, colours, crayons, moulds, finger paints, etc. These products are 100% child friendly and baby-safe and are made with natural ingredients. Contains natural textures & fragrances from coconut & sweet orange oil, easily washable from hands and fun.
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