RIZE Shark Tank India Season 3
RIZE
The brand provides a variety of problem-solving sweets made with high-quality ingredients. Rize’s adventure began in 2023, when Sahil and Dhruv developed the idea in March and began testing in the kitchen in April. Rize began by creating bars on weekends and eventually extended to include bites. The goods are: energy bars, happiness bites, and dream bites.
Founder of RIZE
The inventors of ‘Rize’, Sahil Manral and Dhruv Verma, want to promote a better and happier lifestyle. The brand provides a variety of problem-solving sweets made with high-quality ingredients.
RIZE Funding Round
Company Name | RIZE |
Shark Tank India Season | 3 |
Episode No | 32 |
Season No | 3 |
Brand | RIZE |
Idea | Customizable mattresses. |
Original Ask | 45 Lakhs for 6% equity |
Deal | No Deal |
Invested By: | ——– |
At the core of RIZE's pitch was a commitment to innovation, comfort, and quality. Their customizable mattresses aimed to address the diverse needs and preferences of consumers, offering a personalized solution that prioritized comfort and support. Whether customers preferred a soft, medium, or firm feel, RIZE provided the flexibility to customize their mattress to achieve the perfect balance of comfort and support for a restful night's sleep.
The Pitch:
RIZE's pitch centered around their innovative concept of customizable mattresses, tailored to individual preferences and sleeping habits. Their vision was to empower customers to create their ideal sleep surface by selecting from a range of materials, firmness levels, and features to suit their unique needs. With an original ask of 45 Lakhs for 6% equity, RIZE sought investment to scale their operations, enhance their customization options, and establish a strong brand presence in the mattress market.
The Deal:
Despite their innovative concept and the potential of their product, RIZE left the tank without a deal. While the Sharks acknowledged the value of customizable mattresses and the growing demand for personalized sleep solutions, they may have had concerns about the scalability and differentiation of RIZE in a competitive market dominated by established players. Without a clear competitive advantage or a proven track record of success, RIZE faced challenges in convincing the Sharks to invest, highlighting the difficulty of securing funding in the fiercely competitive mattress industry.
Conclusion:
RIZE's appearance on Shark Tank India Season 3, Episode 32 underscored the challenges and opportunities of entrepreneurship in the mattress industry. While the outcome may not have been the desired deal, RIZE's journey serves as a testament to the resilience and perseverance required to succeed in a competitive market. As they continue to refine their offering and provide consumers with personalized sleep solutions, RIZE embodies the spirit of innovation and ambition that defines the Shark Tank experience.