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Season 3

Plus Shark Tank India Season 3

by IndiaSuccessStories
written by IndiaSuccessStories 0 comment
Plus Shark Tank India Season 3 Got 60 Lakhs Funding in Exchange of 1.5% Equity by Varun Dua.

Plus Shark Tank India Season 3

Pitch no with company details

Plus

PLUS an app to save money on gold and jewelry, Shark Tank India Season 3 Episode 25 featured PLUS, an Indian business. They are a simple-to-use app for saving gold and jewelry. Through their application, customers can set up a monthly savings sum that is invested in assets governed by the RBI.

Founder of Plus

PLUS was founded by Raj Parakh and Veer Mishra. Bangalore is their headquarters.

Plus Funding Round

Company Name

Plus

Shark Tank India Season

3

Episode No

25

Season No

3

Brand

Plus

Idea

Buy-Sale app

Original Ask

60 Lakhs for 1% equity

Deal

60 Lakhs for 1.5% equity

Invested By:

Varun Dua

At the heart of Plus' pitch was a recognition of the challenge’s users face in navigating existing online marketplaces and completing transactions securely and efficiently. Their app offered a comprehensive solution to streamline the buying and selling process, providing users with a convenient and trustworthy platform to conduct transactions with ease. Plus aimed to empower users to unlock the full potential of online commerce, leveraging technology to enhance the buying and selling experience for everyone involved.

The Pitch:

Plus entered the tank with a mission to revolutionize the way people buy and sell goods online through their innovative app. Their idea was to create a user-friendly platform where individuals could list items for sale, browse listings from other users, and complete transactions seamlessly. With an original ask of 60 Lakhs for 1% equity, Plus sought investment to further develop their app and expand their user base.

The Deal:

Impressed by Plus' vision and the potential of their app to revolutionize online commerce, Varun Dua saw an opportunity to support a brand that was addressing a critical need in the market. He made a strategic offer of 60 Lakhs for 1.5% equity, recognizing the value of Plus' solution and the impact it could have on users' online buying and selling experience.

Investors Behind Plus

Varun Dua:Plus enthusiastically accepted the offer from Varun Dua, marking a significant milestone in their journey to simplify buy-and-sell transactions for users nationwide. With Varun Dua's expertise and support, Plus was well-equipped to enhance their app, attract more users, and solidify their position as a leader in the online commerce space.

Conclusion:

The success story of Plus exemplifies the power of innovation and technology in transforming online commerce. As they continue to develop and expand their app, Plus is poised to make a meaningful impact on users' buying and selling experience, helping them connect with each other more easily and efficiently. With Varun Dua as a strategic partner, Plus is set to redefine the future of online commerce and empower users to transact with confidence in an increasingly digital world.

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