Did Rize Bars rise to the occasion on Shark Tank India Season 3? Let's delve into their pitch, the investment ask, and any available updates on a potential deal.
Here's what Rize Bars' Shark Tank India pitch might have covered:
1. Product: A delicious and nutritious bar made with wholesome ingredients, catering to health-conscious consumers.
2. Problem: A lack of convenient and tasty on-the-go snacks that are good for you.
3. Solution: Rize Bars offer a balance of taste and nutrition, perfect for pre-workout fuel, post-lunch pick-me-up, or a healthy travel companion.
4. Market: Targeting fitness enthusiasts, busy professionals, and anyone seeking a healthier snack option.
5. Ask: Rize Bars would have likely requested a 45 lakh investment in exchange for 6% of their company equity. This could have been for funding production, expanding distribution, or marketing efforts.
Sharks Reaction On Rize Bars Bussiness Pitch
Shark Anupam Mittal's Reaction
Shark Anupam says I think you have enthusiasm, you have tenacity, you will build something, but my problem is that somewhere I think your founder is market fit, i.e. the scope of the product you have come up with is so limited. You've entered the scenario without fully understanding it, but when you're talking about taurine, you're talking about caffeine. This is very superficial knowledge.
If you want to build a bigger business than this in the long run, you will have to go very deep into it. Are you the same? After doing RND I am not able to see worldwide products. I love you today, you are very sweet but I will not be able to join you today, I am going out.
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Shark Amit Jain's Reaction
Shark Amit Jain said while guiding the founder of Rize Look, it's great to see the passion of both of you founders, all these 21 years I had no idea what to do. My real issue in life when I wanted to ask you is your attention to the details of the plan. I was wondering what you thought about the distribution plan in front of you. Not a lot of attention to detail, but you know, there will be some attention to detail, how to put stuff on the counter, how do I bring my visibility, what am I expecting? When I went to the counter in Gurgaon, I said, I would put a very general high-level statement offline. I enjoy giving a little detail, but I am not able to see that much detail today, so I am out today. Best wishes, thank you.
Shark Namita Thapar’s Reaction
Shark Namita was not very impressed with the Rize Bars pitch and told the Rize Bars founders that they should focus a little more on the numbers. You triple it without any proof, investors don't feel good about it, the purpose of giving you feedback is so that you learn and you make it 100% phenomenal success, but for today I am out. And saying this, Namita also walked out of this deal.
Shark Ritesh Agarwal’s Reaction
Ritesh Agarwal, founder of Oyo, while giving advice said, Look, both of you are resourceful, I think your resourcefulness is your great strength, but there is another very important thing in entrepreneurship, and that is the registration certificate. Add. It will be very necessary to do this many times. What happens is that if the door is closed then you will have to break it by knocking.
Then according to me if you want to reach there you will have to show flexibility, so my main suggestion for you is that your focus should be on the first 100 customers out there. You will spend time with 100's of customers. According to me, all the questions we have asked today regarding the entire business will probably come before you in three months. Yes, someone told me this, so today I will pass it on to you and thank you and I am out.
Shark Aman Gupta's Reaction
Finally, Shark Aman encouraged both the founders and said I also started my business First Business around 21 and it got closed but I learned a lot from it, I think you guys should also learn a lot. . , This business will not work for you, you are not fit to go into the market at all. My view is this.
Business will teach you whether you will become a player in your industry or any other industry, so I am an investor, I will not be able to invest right now but I am also in Gurgaon, I can give you some time, to meet me, you can help some more entrepreneurs. Can help. Let's find out what you've done to gain some professional maturity. I don't think I can feel it anymore so I'm out.
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Deal or No Deal?
Rise Bar Business showcased Nutritious Energy Bars on Shark Tank India season 3. Additionally, Bliss Bites for Milk & White Chocolate has been launched for women's health and sleep. But in the end, Rize Bars did not get any deals. And they had to return from Shark Tank empty-handed.
Rize Bar Vision
Rize Bar offers a variety of pleasures that solve problems and make everyone's life healthy and happy. Rize aims to establish itself as the preferred company for a variety of health needs-related issues. He said he sees a world in which everyone can be guilt-free as better materials are used in the thoughtful manufacturing of items to meet multiple health demands.
As a brand that inspires people, we want to be a catalyst for constructive change in lifestyle. Have you ever thought about taking advantage of an opportunity that seems unattainable? Yes, we did. Plus, it's not just about the money – it's also about the individuals who supported us and the thrill of working together to create something truly remarkable.
The Shark Tank Effect
Even without a deal, appearing on Shark Tank India Season 3 can provide valuable exposure. Increased brand awareness can lead to new customers and potential investors outside the show.
Conclusion
While the specifics of Rize Bars' Shark Tank India season 3 journey remain unknown, their participation would have been an exciting opportunity to showcase their product and potentially secure funding for growth. Keep an eye out for future seasons or follow their brand journey for further updates.