Did healthy snacking take center stage on Shark Tank India Season 3? It sure did when Sorich, a brand offering healthy and delicious snacks, Sorav Sachdeva And Richa Sachdeva pitched their idea to the Sharks. But did they manage to snag a deal? Let's delve into the details of their pitch, their ask, and the all-important deal update.
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What is Sorich?
Sorich focuses on providing healthy yet flavorful snack options. Sorich Organics believes that a healthy society is based on agriculture, we are dedicated to working in partnership with smallholder organic farms to support the development of local economies and communities in the areas where we operate.
The Pitch: Highlighting Health and Taste
The Sorich founders likely presented their vision for the brand, emphasizing the growing demand for healthy snacking options. They would have showcased their products, highlighting the unique taste and health benefits they offer compared to traditional snacks.
The Ask: Funding for Growth
Sorich's question probably focused on securing investment to fuel the growth of his business. This may include funds to increase production, expand distribution channels, or intensify marketing efforts. So Sorich's owners offered Rs 90 lakh to the Sharks for 2.5% equity at a valuation of Rs 36 crore.
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Deal Or No Deal
Unfortunately, After much discussion, Sorich's price and business ideas failed to attract the Sharks. Due to this, one by one all the sharks backed out of the deal.