Saturday, 13 April 2024

 

 

LATEST NEWS Baisakhi Festival: Lt Governor pays obeisance at the Gurudwara Sahib Abtal, Ramgarh Samba Gauri Khan Net Worth 2024 | Know The Income Of Shah Rukh Khan’s Wife Governor Shiv Pratap Shukla honored High Flyers of HP Lt Governor Manoj Sinha pays tributes to General Zorawar Singh on his Birth Anniversary Malaika Arora & Narifirst Aikta Sharma present the Jewel of India Trophy to Dr. Rupinderkaur Khera & Eesha Agarwal Zee Punjabi Stars KP Singh and Isha Kaloya Shine as Guests at Times Food and Nightlife Awards 2024 IPL 2024: PBKS vs RR Match Updates And Playing 11 Predictions LPU secures top spots in QS World University Rankings by Subjects-2024 Karan Johar Net Worth 2024: Know The Wealth of Bollywood's Iconic Producer Indus Public School students presented a colourful cultural programme and visited field on Baisakhi Apurva Padgaonkar Net Worth [April 2024] | 5 Dariya News 12 Best Gurmeet Kaur Web Series List 2024 Updated Ashmah International School celebrated Baisakhi with pomp and show in traditional manner Kidzee Bela Celebrates Baisakhi Festival with Traditional Fervor Colourful function marks Baisakhi at RBU EVs Would become Cheaper, more Powerful, and Safer PEC Students participated in “Bharat SaaS Yatra”, celebrating the rise of SaaS Industries Campaigning for AAP candidates Chief Minister Bhagwant Mann appeals to the people of Assam: bring change in Assam by pressing the number 1 button of 'jharoo' DC Sakshi Sawhney urges residents to vote for better future of coming generations; takes part in 'Vaisakhi celebrations' by Indian Red Cross Society Barun Chanda, Riya Deb Roy, Kamalika Sen Gupta, Kamaleshwar Mukherjee Grace iLEAD’s Future Vista 2024 For Career Insights In The Creative Field Growing BJP Family- Happy To See That Hundreds Of People From Across Patiala District Are Daily Joining Us: Preneet Kaur

 

Nutricook in Shark Tank India Season 3: Cooking Up a Deal or Just Hot Air?

Nutricook Shark Tank India
Listen to this article

Web Admin

Web Admin

5 Dariya News

20 Feb 2024

Nutricook, a cookware brand promoting oil-free and waterless cooking, appeared on Shark Tank India Season 3,  stirring the viewers' curiosity and the Sharks' interest. This article dives deep into their pitch, the Sharks' reactions, and the outcome, exploring the potential and hurdles faced by Nutricook.

Read more:- Shark Tank India Season 3: Hoora

Nutricook Pitch In Shark Tank

The duo behind Nutricook, P. Ravi Kumar Reddy, and Asha V M presented a range of stainless-steel cookware claiming to retain nutrients and cook food using minimal to no oil and water. They emphasized the health benefits, reduced fat consumption, and energy efficiency as key selling points. They ask: ₹1 crore for a 2% equity stake, valuing their company at ₹50 crore.

Sharks' Reactions

The pitch sparked varied reactions:

   1. Aman Gupta (co-founder and CMO of boAt) lauded the concept but questioned the valuation and scalability of the business.

   2. Namita Thapar (CEO of Emcure Pharmaceuticals) found the pitch impressive and expressed initial interest.

   3. Anupam Mittal (founder and CEO of Shaadi.com) appreciated the "Made in India" aspect but raised concerns about competition and marketing strategy.

   4. Vineeta Singh (CEO and co-founder of SUGAR Cosmetics) highlighted the need for scientific evidence supporting the health claims.

   5. Peyush Bansal (founder and CEO of Lenskart) was skeptical about the market size and pricing strategy.

Read more:- Hyperlab Shark Tank India

The Sharks Decision

After much deliberation and negotiations, Vineeta Singh emerged as the lone Shark to make an offer: ₹50 lakh for 10% equity stake and ₹50 lakh Debt @ 12% interest, significantly lower than the ask. P. Ravi Kumar Reddy, and Asha V M countered with ₹1 crore for a 10% equity stake and ₹50 lakh Debt @ 12% interest, but eventually, shark Vinneta declined the deal, After this, the owners of Nutricook accepted the offer given by Vineeta Singh.

Nutricook Deal or No Deal in Shark Tank

Nutricook received significant media attention and online traction after Vineeta Singh won the deal. They continue to operate, selling their cookware sets through their website and other online platforms. They've also introduced new product lines and expanded their marketing efforts.

Nutricook Unanswered Questions

   1. Scientific Evidence: Does independent research substantiate Nutricook's health claims?

   2. Market Viability: Can Nutricook overcome competition and establish a strong presence in the Indian cookware market?

   3. Long-Term Growth: What plans are for scaling their business and building a sustainable brand?

Conclusion

After NutriCook received investment as a result of its Shark Tank stint, it put its brand on the map and opened the door to potential future growth. It remains to be seen if they can achieve success without the support of the Sharks. NutriCook's journey serves as an interesting case study for aspiring entrepreneurs, highlighting the challenges and opportunities faced in the competitive world of consumer goods.

 

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 , Nutricook , Nutricook Shark Tank India , Shark Tank India Nutricook , Shark Tank India , NutricookShark 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