Singh styled has raised INR 50 lakhs for 10% equity from shark tank season 2. Peyush invested in this startup. The owner asked 50 lakhs for 5% equity at a valuation of 10 crore rupees.
Peyush offered 50 lakhs for 20% equity with the condition that he would be an active investor in the business. Pitcher’s counter was for 50 lakhs rupees at 10% equity. Later Peyush agreed to invest 50 lakhs for 10% equity with the condition that he would invest 75 lakhs more at the same valuation.
Also Read Homestrap has raised INR 50 lakh from shark tank season 2. The pitcher requested 70 lakh rupees in exchange for 1% equity. Anupam Invested in this startup.
About Singh Styled
The founder and CEO of the company are Charanjeev Singh Salva. The operation head is Ashwath Pujari. He is from Mumbai.
Singh Styled Business has come out with the idea of providing high-quality turbans. Creating a different range of Quality Clothing Suitable for Turban, and they have introduced Beard Care and Hair Care Range to take care of sikh style mustaches. Singh Styled Business – the world’s first grooming and styling platform for today’s Sikh Gentlemen – wants to create a Micro Category Business Identity while building its own identity. Singh Styled Business aims to provide convenient and authentic Sikh Turban Wear, Beard Care, Hair Care, and Gifting products and an experience with customized products while preserving and honoring the identity bestowed by the Gurus.
Singh Styled Turban Products are:
Full Voile Dastaar
Pure Rubia Dastaar
Parnas
Dastaare – E – Shaan
Singh Styled Beard Products:
Beard Setter
Beard Oil
Beard Deodorant
Beard Healer
Beard Shampoo
Beard Brush
Beardsmen Kit
Company’s Business Statistics
Singh Styled Business was started in 2016. Singh Styled Business ships its products to over 130 locations worldwide, including India, Canada, the United Kingdom, the United States of America, Singapore, Malaysia, Thailand, Australia, and Japan.
They have provided their products to more than 60 thousand customers.
Company’s Business SKU:
Beard Care – 6,
Accessories – 4 to 5,
Turbans – 100+
Company’s Sales Split:
Personal Care – 60%,
Turbans – 40%,
Company’s Yearly Sales
FY 2019 – 20 – ₹12 lakh
FY 2020 – 21 – ₹14 Lakh
FY 2021 – 22 – ₹33 Lakh
FY 2022 – 23 Sales till date – ₹42 lakh
Had sales of ₹ 7.5 lahks in September 2022.
What Problem Do They Solve
Singh Styled Business Vision is to continue to offer the right comfort and products to every man born into a Sikh Family to maintain the grace of his attire and beard. They are focusing on 2 needs – one is to provide Quality Turbans, and the other is to provide Personal Care Products, especially Beard Care, which is the pride of the Sikh community. Keeping these sentiments in mind, they have also introduced Non-Alcoholic and Gum Free products.
Please visit WEXT.in regularly for more details regarding Shark Tank India Season 2 updates. If you find this piece interesting, please forward it to your friends and leave feedback in the comment section.
