Wednesday, 21 February 2024

 

 

LATEST NEWS NueGo partners with Delhi Capitals as associate sponsor for the upcoming cricket season Strengthening surface water infrastructure in Punjab : Chetan Singh Jouramajra Constitution and democracy finally won in Chandigarh Mayor elections: Arvind Kejriwal Supreme Court Rules in Favor of AAP in Chandigarh Mayor Election AGDA Partners with Italy's Luiss University for Student Exchanges and Joint Events Chetan Singh Jouramajra Launches Innovative Irrigation Projects in Talwandi Bhai and Zira Kuljit Singh Sarhal Appointed Vice Chairman of Punjab Water Resources Management and Development Corporation Vigilance Bureau nabs senior constable for taking Rs 3,000 bribe Renowned PEC Alumnus Dr. Roop Lal Mahajan Returns to Inspire at His Alma Mater Shiv Pratap Shukla appreciated the efforts of Chetna Sanstha in inclusive development of persons with disabilities How To Easily Do PMSYM Online Registration? Breaking News: Adult Film Star Kagney Linn Karter, 36, Dies by Suicide Samsonite's 'Tested Like Samsonite' Campaign: A Testament to Resilience and Innovation Chief Minister Sukhvinder Singh Sukhu Enhances PWD with Rs. 60 Crore Machinery Procurement LG India inaugurated its Business Innovation Center in Chennai, fourth in a row Vaginal And Vulvar Cancers -The Lesser-Known Gynaecologic Cancers Ruby Hall Clinic expands Critical Care Services with New ICU Crafting Compelling Narratives: 5-Day Screenwriting Workshop by Anjum Rajabali Marks Success at Whistling Woods International Sir Ravindra Jadeja Net Worth 2024, Bio And Life CBSA, CGC Landran organises competition on sidelines of financial conclave Indian Cricketer Devdutt Padikkal Net Worth 2024, Bio And Career

 

Shark Tank India Season 3: Decode Age Pitches for Anti-Aging Supplements on Shark Tank India

Decode Age Pitches for Anti-Aging Supplements on Shark Tank India
Listen to this article

Web Admin

Web Admin

5 Dariya News

12 Feb 2024

Introducing the first product to reverse biological age: Decode Age - Stay Ageless, now available on Shark Tank India Season 3. Offering their specialized protocols for each individual, they promote Longevity Science as a commercial solution.

Today's piece in Decode Age Business Pitch aims to investigate the effects of switching to a new business model after ten years on company investment.

Read more:- Amit Jain Net Worth

About Decode Age

Decode Age is a health and wellness company founded by Aditya Reddy and Bhagyashree Reddy that offers nutritional supplements aimed at reducing biological age. Their flagship product, NAD+ Recharge Capsules, contains two key ingredients: NMN (Nicotinamide Mononucleotide) and CA-AKG (Calcium Alpha-Ketoglutarate), which they claim support cellular health and longevity.

The Pitch on Shark Tank India

As of right now, Decode Age's annual revenue run rate for FY23–24 is 11 crores. Supplement sales account for 93% of total revenues. The creators disclosed that their gross margin is around 70%. As of October 2023, the firm is burning 10% of its EBITDA level or about 9 lakhs per month. For the upcoming year, they anticipate 35 Crores ARR.

In October 2022, Decode Age raised ₹1.13 crores with a valuation of ₹60 crores through fundraising. Additionally, the founders contributed ₹1 crore of their funds to this project. At the moment, each of the three co-founders owns 32.7% of the company's stock.

Read more:- Jewelbox Lab-Grown Diamonds Full Pitch And Business Deal

Decode Edge's Negotiations with the Sharks and Funding

Because there was no barrier to entry in this field and the business could not be justified, Namita was the first shark to go. Vineeta leaves because it's unclear where technology is headed. Amit also left the discussions since he was unable to comprehend the course of action. Aman leaves as well since he simply didn't think the product was worth it.

Anupam Mittal made the first and only offer, offering ₹1 crore for 2.5% and a royalty of 1% till ₹1.5 crores are recovered since he thought this market would blow up. After giving it some thought, the founders decided to reject Anupam's offer of ₹1 crore for 1.75% and no royalties as they wanted to burn the money. The entrepreneurs accepted Anupam's counter offer of ₹1 crore for 2.25% plus 1% royalties till they received ₹1.5 crores, and they shook hands.

Key Discussion Points

Science & Evidence: The Sharks raised concerns about the scientific backing for the efficacy of the specific ingredients and the claims of reducing biological age. They sought data and clinical trials to substantiate the claims.

Market & Competition: The founders were questioned about the size and competitiveness of the Indian anti-aging market, particularly considering established players offering similar products.

Business Model & Financials: The Sharks dug into the financials, seeking information about revenue, profit margins, and marketing strategies.

Read more:- Honey Twigs Shark Tank India

The Outcome

Despite a passionate pitch and positive customer testimonials, Decode Age failed to secure an investment from any of the Sharks. While some Sharks acknowledged the potential of the market and the founders' enthusiasm, they ultimately felt the scientific evidence and business plan needed further development.

Decode Age After Shark Tank India Episode

After the episode aired, Decode Age received significant media attention and online discussions. While the lack of investment might seem like a setback, it has undoubtedly brought wider recognition to the company and its mission. It remains to be seen how they will address the questions raised by the Sharks and adapt their strategy for future growth.

 

Tags: Tv , Shark Tank India Season 3 , Shark Tank India 3 Judges , Shark Tank India 3 Sharks , Shark Tank India 3 Episodes , Shark Tank 3 , Shark Tank 3 Judges , Shark Tank 3 Judges India , Shark Tank India Season 3 Judges , Decode Age , Decode Age Shark Tank India , Shark Tank India Decode Age , Shark Tank India , Decode Age Shark Tank India 3

 

 

related news

 

 

 

Photo Gallery

 

 

Video Gallery

 

 

5 Dariya News RNI Code: PUNMUL/2011/49000
© 2011-2024 | 5 Dariya News | All Rights Reserved
Powered by: CDS PVT LTD