Candidmen Shark Tank India Season 3
Candidmen
With the help of Candid guys, a high-end fashion rental business, guys may access and wear incredibly luxurious apparel without having to make a big investment.
Founder of Candidmen
Candid Men, the ideal option for men’s fashion rentals, was founded by Shweta Poddar.
Candidmen Funding Round
Company Name | Candidmen |
Shark Tank India Season | 3 |
Episode No | 28 |
Season No | 3 |
Brand | Candidmen |
Idea | Fashion Rental Platform |
Original Ask | 60 Lakhs for 2% equity |
Deal | 60 Lakhs for 5% equity |
Invested By: | Amit Jain and Vineeta Singh |
At the core of Candidmen's pitch was a dedication to sustainability, affordability, and style. Their fashion rental platform aimed to address the environmental and financial concerns associated with fast fashion by promoting the reuse and sharing of high-quality garments. By providing customers with access to a rotating wardrobe of designer pieces at a fraction of the cost of ownership, Candidmen sought to democratize fashion and empower individuals to express their unique style without compromising on quality or conscience.
The Pitch:
Candidmen entered the tank with a bold vision: to disrupt the fashion landscape with their innovative fashion rental platform. Their idea was simple yet revolutionary - to offer customers access to a curated collection of designer clothing and accessories through a rental model. With an original ask of 60 Lakhs for 2% equity, Candidmen sought investment to scale their operations, expand their inventory, and enhance their platform to cater to a wider audience of fashion-forward consumers.
The Deal:
Impressed by Candidmen's innovative business model and commitment to sustainability, both Amit Jain and Vineeta Singh saw an opportunity to support a brand that was reshaping the fashion industry. They collectively offered 60 Lakhs for 5% equity, recognizing the potential for growth and impact that Candidmen represented. With their combined expertise and resources, Amit Jain and Vineeta Singh pledged to support Candidmen's expansion efforts and position the brand as a leader in the burgeoning fashion rental market.
Investors Behind Candidmen
Amit Jain and Vineeta Singh: With the support of seasoned investors Amit Jain and Vineeta Singh, Candidmen was poised to embark on a journey of growth and transformation. The infusion of capital and strategic guidance provided by Amit Jain and Vineeta Singh would enable Candidmen to scale their operations, enhance their customer experience, and solidify their position as a trailblazer in the fashion rental space.
Conclusion:
Candidmen's appearance on Shark Tank India Season 3, Episode 28 exemplified the power of innovation and entrepreneurship in driving positive change in the fashion industry. As they continue to expand their offerings and attract new customers, Candidmen is well-positioned to redefine the way people approach fashion consumption and inspire a more sustainable and inclusive future for the industry. With Amit Jain and Vineeta Singh as strategic partners, Candidmen is poised for success as they pave the way for a more conscious and stylish approach to dressing.