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Paradyes Has Raised INR 65 Lakhs for the equity of 2% from Shark Tank India season 2. Sharks Vineeta and Aman invested in this startup. The original ask by the pitchers was ₹65 lakh for 1% equity. Paradyes company valuation 2023 is INR 32.5 crores.
Vineeta & Anupam
₹65 lakhs for 4% equity
Peyush Offer
₹65 lakhs for 5% equity
Aman Offer
₹65 lakhs for 5% equity
Business Pitcher Counter Offer
Aman & Vineeta
₹65 lakhs for 3% equity
After this offer, the sharks started fighting for this deal, and many offers were made.
Peyush Offer
₹65 lakhs for 2% equity
Vineeta & Anupam
₹65 lakhs for 2% equity
Peyush Offer
₹65 lakhs for 1% equity
Vineeta, Aman & Anupam Offer
₹65 lakhs for 3% equity (This offer was offered by shark Vinita. But the business pitcher said that now less than 2%, they want to cancel the deal.)
Business Pitcher Counter Offer
Aman & Vineeta
₹65 lakhs for 2% equity
Finally, the Paradyes Company owner agreed to the deal of Aman and Vineeta.
About Company’s Semi Permanent Hair colour
Paradyes, India’s first Semi-Permanent Hair Color Brand has given India an easy-to-use route towards new hair fashion. This is an Ahmedabad, Gujarat-based business. Creating an international market with colours is synonymous with contemporary style in India. It was designed as a user-friendly product, taking inspiration from the market gap and family business. In addition to dyes, they offer substitutes such as shampoo, blonde powder, hair butter, bleaching kits and hair kits.
Yashika Jolly and Siddharth Raghuvanshi are the business founders. They met on Tinder and are married couplepreneurs. Yashika Jolly has completed her master’s in London. And holds a bachelor’s degree in Design from NIFT. He was very fond of hair colour. Once upon a time in India’s beauty parlour, very few products were available to choose the synonym of colour. That hobby she used to experiment a lot for herself with Sadaharan hair dye for her home business, and she used to do it very well because of this hobby.
He found that type of product very readily available everywhere in the foreign market. For this reason, he established Paradyes Semi Permanent Hair Color to work on that market gap. Siddharth Raghuvanshi has done his Bachelor in Commerce from Ahmedabad and Masters from Pune. Then he came to Ahmedabad for family reasons and was working in Siemens. After that, he joined Yashika in this business startup.
Paradyes Semi Permanent Hair Color Product Features:
Paradises are made from Non Toxic ingredients, which are safe for all hair types. Paradyes Conditioner Base is a colour formulation made by blending herbal extracts.
Paradyes Semi Permanent Hair Color Business Statistics:
Operating since 2019, Paradises was launched in 2020. Finally, all the preparations were done in March 2021, and with the first order, Paradyes started working. Paradyes Semi Permanent Hair Color is available in 20 shades and lasts 8 to 10 washes.
There have been more than 70 thousand happy Paradises customers. Out of 35 offline stores, 4 are spread across the city.
Presenting the sales figures of Paradise.
Paradyes Semi Permanent Hair Color Last Monthly Sales:
July 35 lakhs
August 40 lakhs
September 51 lakh
Paradyes Semi Permanent Hair Color Last Yearly Sales:
FY 2021 – 22 – ₹3.5 crore
FY 2021 – 22 Till date – ₹2.5 crore
Wanted to see, a list of startups who pitched in Shark Tank Season 2, Know more at The Simply Salad has raised INR 30 lakhs from Shark Tank India 2.0
Problem solved by Paradyes semi-permanent Hair colour.
Breaking down boundaries is crucial in a world filled with stereotypes. It’s more important than ever for you to express yourself; we’re here to make that happen for you. It makes a difference whether the shift is drastic or modest. Paradyes is here to persuade you to wear your hair up like a crown and let your inner confidence shine through. Your hair is essential to your personality and can also convey a message. You’ll feel more energising thanks to Paradyes’ semi-permanent hair colour, which is constantly changing, lively, and confident.
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