Freakins Shark Tank India Season 2
Freakins
The first online retailer of women’s fashion clothing, Freakins Jeans Business celebrates women’s clothes every day. Its only goal is to give women the ability to combine comfort and style. People adapt in response to a changing world, and the fashion industry is no exception.
Founder of Freakins
The first online retailer of women’s fashion clothing, Freakins Jeans Business celebrates women’s clothes every day. Its only goal is to give women the ability to combine comfort and style. People adapt in response to a changing world, and the fashion industry is no exception.
Freakins Funding Round
Company Name | Freakins |
Shark Tank India Season | 2 |
Episode No | 33 |
Season No | 2 |
Brand | Freakins |
Idea | Fashion Apparel brand |
Original Ask | 70 Lakhs for 1% Equity |
Deal | 50 Lakhs for 2.5% Equity and ₹ 20 Lakhs Debt @ 12% Interest (Condition – This investment will be a part of a bigger investment round) |
Invested By: | Vineeta Singh |
At the heart of Freakins' pitch was a commitment to sustainability, quality, and style. Their fashion apparel was crafted using eco-friendly materials and ethical manufacturing practices, ensuring minimal environmental impact and fair treatment of workers throughout the production process. From trendy denim jeans and chic tops to versatile outerwear, Freakins' product range appealed to fashion-forward individuals seeking stylish yet environmentally conscious clothing options.
The Pitch:
Freakins entered the tank with a vision to redefine fashion by offering stylish, sustainable apparel that resonates with today's conscious consumers. Their original ask of 70 Lakhs for 1% equity reflected their ambition to scale their operations, expand their product line, and establish themselves as a leader in the sustainable fashion industry.
The Deal:
Impressed by Freakins' dedication to sustainability and innovation, Vineeta Singh recognized the potential for growth and impact in the fashion industry. Despite the initial ask of 70 Lakhs for 1% equity, Vineeta negotiated a deal of 50 Lakhs for 2.5% equity, along with an additional 20 Lakhs debt at 12% interest. This investment, to be a part of a larger funding round, demonstrated Vineeta's confidence in Freakins' potential to disrupt the fashion landscape and drive positive change in the industry.
Investors Behind Freakins
Vineeta Singh: With Vineeta Singh's investment and support, Freakins is poised to make waves in the fashion industry. By utilizing the funds to expand their product offerings, enhance their brand presence, and scale their sustainable practices, Freakins aims to solidify its position as a leader in the sustainable fashion space and inspire other fashion brands to prioritize environmental and social responsibility.
Conclusion:
Freakins' success on Shark Tank India Season 2, Episode 33 underscores the growing demand for sustainable fashion solutions and the importance of conscious consumerism in today's world. With their commitment to style, sustainability, and social impact, Freakins is driving positive change in the fashion industry and paving the way for a more ethical and environmentally friendly future of fashion.