Bamboo India Shark Tank India Season 1
Bamboo India
On August 15, 2016, Mr. Yogesh Shinde and Mrs. Ashwini Shinde founded Bamboo India Mission, a startup located in Pune, India. The main goal is to shift public view of bamboo from that of “the poor man’s timber” to that of “the wise man’s timber” by offering creative bamboo items that substitute plastic, such as corporate gift articles, bamboo toothbrushes, and bamboo earbuds. It’s for the result, not for the money.
Founder of Bamboo India
Yogesh Shinde and Ashwini Shinde offer a straightforward yet exceptional way to put an end to all issues! The pair founded Bamboo India in 2016 with the goal of transforming the perception of bamboo from The Poor Man’s Timber to The Wise Man’s Timber by offering straightforward bamboo-based products as an alternative to damaging plastic.
Bamboo India Funding Round
Company Name | Bamboo India |
Shark Tank India Season | 1 |
Episode No | 15 |
Season No | 1 |
Brand | Bamboo India |
Idea | Bamboo Products |
Original Ask | 80 lakhs for 4% equity |
Deal | 50 lakhs at 3.5% Equity and ₹30 lakhs Debt |
Invested By: | Ashneer Grover and Anupam Mittal |
At the core of Bamboo India's pitch lay a dedication to promoting sustainability through the use of bamboo. Their concept revolved around offering a wide range of bamboo products, including furniture, homeware, and lifestyle accessories, that were both environmentally friendly and aesthetically pleasing. By harnessing the natural strength and versatility of bamboo, Bamboo India aimed to provide consumers with sustainable alternatives to traditional materials, thereby reducing their carbon footprint and contributing to a greener future.
The Pitch:
Bamboo India entered the tank with a mission to offer sustainable solutions through their range of bamboo products. Their pitch emphasized the environmental benefits of bamboo, highlighting its rapid growth rate and versatility as a renewable resource. Bamboo India aimed to capitalize on these qualities by offering a diverse range of bamboo-based products that catered to various consumer needs. With a commitment to sustainability and innovation, Bamboo India sought to secure the investment needed to expand their product line and reach a wider audience. Their initial ask of 80 lakhs for a 4% equity stake reflected their confidence in the value of their brand and its potential for growth.
The Deal:
Impressed by Bamboo India's commitment to sustainability and the potential of their bamboo products to disrupt traditional markets, Ashneer Grover and Anupam Mittal saw an opportunity to invest in a venture with significant social and environmental impact. They offered 50 lakhs in exchange for a 3.5% equity stake, along with an additional 30 lakhs in debt financing. This strategic investment not only provided Bamboo India with the capital needed to expand their operations but also brought on board investors who shared their vision for sustainability and innovation.
Investors Behind Bamboo India
Ashneer Grover and Anupam Mittal: Bamboo India enthusiastically accepted Ashneer Grover and Anupam Mittal's offer, marking a significant milestone in their journey to promote sustainability through bamboo products. With the backing of strategic investors who shared their passion for environmental conservation, Bamboo India was well-positioned to scale their operations and make a meaningful impact on sustainability efforts.
Conclusion:
The success of Bamboo India on Shark Tank India Season 1 underscores the growing demand for sustainable alternatives in today's consumer market. By offering a diverse range of bamboo products, Bamboo India is not only providing consumers with eco-friendly alternatives but also driving positive change in the fight against climate change. With the support of Ashneer Grover and Anupam Mittal, Bamboo India is poised to lead the way in promoting sustainability and innovation in the years to come.