Raasa Shark Tank India Season 2

by IndiaSuccessStories March 12, 2024

written by IndiaSuccessStories March 12, 2024 0 comment

Table of Contents

Raasa Shark Tank India Season 2

Pitch no 52 with company details

Raasa

Raasa primarily deals with street merchants. They face numerous challenges in running their firm. Raasa attempts to intervene to fix their business concerns.

Founder of Raasa

Manik Sehgal founded Raasa. He is from Delhi. He completed his MBA and has spent the previous 15 years working in advertising. He has another co-founder. They both own 45% of the business. The remaining 10% is provided to all street vendors linked with the firm.

Raasa Funding Round

Company Name	Raasa
Shark Tank India Season	2
Episode No	17
Season No	2
Brand	Raasa
Idea	Hygenic & Safe Foodcarts
Original Ask	50 Lakhs for 5% Equity
Deal	50 Lakhs for 25% Equity
Invested By:	Anupam Mittal

At the heart of Raasa's pitch was a commitment to revolutionizing street food culture by prioritizing hygiene and safety. Their innovative food carts were equipped with advanced sanitation systems, including handwashing stations, temperature-controlled storage, and food-grade materials, to ensure that every meal served was of the highest quality and safety standards. By reimagining the traditional street food experience, Raasa aimed to create a healthier and more enjoyable dining environment for consumers.

The Pitch:

Raasa entered the tank with a mission to address the hygiene and safety concerns associated with traditional street food carts. Their idea was to design and deploy food carts equipped with state-of-the-art sanitation and safety features, ensuring that consumers could enjoy their favorite street foods without compromising on health and cleanliness. With an original ask of 50 Lakhs for 5% equity, Raasa sought investment to scale their operations, enhance their technology, and expand their reach across various locations.

The Deal:

Raasa's pitch struck a chord with Anupam Mittal, who recognized the potential of their concept to transform the street food industry. Impressed by their vision and commitment to hygiene, he offered a deal of 50 Lakhs for 25% equity, providing Raasa with the capital and support needed to expand their operations and realize their mission. This strategic partnership marked a significant milestone for Raasa, positioning them as pioneers in the movement towards safer and more hygienic street food options.

Investors Behind Raasa

Conclusion:

Raasa's appearance on Shark Tank India Season 2, Episode 17 exemplified the power of innovation and entrepreneurship in addressing societal challenges. Their successful pitch and partnership with Anupam Mittal underscored the importance of hygiene and safety in the street food industry and paved the way for a healthier and more enjoyable dining experience for consumers. As they continued to expand their presence and influence, Raasa stood poised to revolutionize street food culture nationwide, setting a new standard for quality and cleanliness in the process.

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Raasa Shark Tank India Season 2

Raasa

Founder of Raasa

Raasa Funding Round

The Pitch:

The Deal:

Investors Behind Raasa

Conclusion:

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