Gopal's 56 Shark Tank India Season 1
Gopal's 56
India’s first ice cream and shake brand, Gopal 56, was founded in New Delhi in 1983 and has since expanded across many Indian states, enjoying widespread appeal. Their menu includes flavors like Ashwagandha, Tulsi, Curcumin, and Brahmi. They have five franchise locations in New Delhi and serve a range of vegetarian and oil-free ice cream options. Gaurav continued, saying that they supply the Indian Air Force and offer a variety of over ninety-odd ice cream varieties. Additionally, he disclosed that their Kalkagi location brings in approximately 4 Crore in revenue annually, with a 22% net profit margin.
Founder of Gopal's 56
Dinesh Chand Goyal and Rajni Devi Goyal co-founded Gopal’s 56 in the 1980s. They have expanded to include other promising products in their product catalog by using pure fresh milk, cream, and a family-secret formula. Their customers have been having a captivating experience thanks to the more than 100 combinations and more than 56 distinct flavors they offer to entice their palate.
Gopal's 56 Funding Round
Company Name | Gopal’s 56 |
Shark Tank India Season | 1 |
Episode No | 11 |
Season No | 1 |
Brand | Gopal’s 56 |
Idea | Fiber Ice Cream |
Original Ask | 300 crores for 25% equity |
Deal | No Deal |
Invested By: | ——- |
At the core of Gopal's 56's pitch lay a dedication to offering consumers a healthier alternative to traditional ice cream. Their fiber ice cream was crafted using innovative techniques and high-quality ingredients to deliver a delicious treat with added health benefits. By incorporating fiber into their product, Gopal's 56 aimed to address consumer demand for guilt-free indulgence without compromising on taste or texture.
The Pitch:
Gopal's 56 entered the tank with a revolutionary proposition: fiber ice cream. Their pitch centered around the idea of combining indulgence with health benefits, offering consumers a guilt-free dessert option. With a vision to disrupt the ice cream market with their innovative product, Gopal's 56 aimed to captivate the Sharks and secure the investment needed to scale their operations and bring their fiber ice cream to a wider audience. Their original ask of 300 crores for a 25% equity stake reflected their confidence in the potential of their product to revolutionize the industry.
The Deal:
Despite the intrigue surrounding Gopal's 56's fiber ice cream concept, the Sharks opted not to invest in the company at this time. While they may have recognized the potential of the product to resonate with health-conscious consumers, concerns about market viability, scalability, or other factors may have influenced their decision. As a result, Gopal's 56 left the tank without securing a deal.
Conclusion:
Gopal's 56's journey on Shark Tank India highlighted the potential for innovation in the dessert industry and the importance of addressing consumer demand for healthier options. Despite the setback of not securing investment on the show, Gopal's 56's commitment to offering fiber ice cream as a guilt-free indulgence continued to inspire. Their story serves as a reminder of the importance of resilience, determination, and unwavering dedication in the pursuit of entrepreneurial success. While their path may have diverged from the tank, Gopal's 56's journey to revolutionize the dessert market with their fiber ice cream remains ongoing.