Scrapshala Shark Tank India Season 1

by IndiaSuccessStories February 26, 2024

written by IndiaSuccessStories February 26, 2024 0 comment

Table of Contents

Scrapshala Shark Tank India Season 1

Pitch no 99 with company details

Scrapshala

Scrap Shala is a Varanasi-based firm that uses waste materials to create beautiful goods. Along with product design, this company hires local artists to include their artwork into the product design.

Founder of Scrapshala

Shikha Shah is the scrap school’s founder, and she attended IIT Madras’ Rural Technology and Business Incubator (RTBI) program. After finishing his education, she worked for 5 months as a Research Associate at the Anand Institute of Rural Management.

Scrapshala Funding Round

Company Name	Scrapshala
Shark Tank India Season	1
Episode No	31
Season No	1
Brand	Scrapshala
Idea	Handmade Reusable Scrap Materials
Original Ask	50 lakhs for 10% equity
Deal	No Deal
Invested By:	——

The Pitch:

Scrapshala entered the tank with a mission-driven proposition: to reduce waste and promote sustainability by repurposing scrap materials into handmade, reusable products. Their product line featured a variety of eco-friendly items, including bags, accessories, and home décor, all crafted with creativity and care from discarded materials. With an original ask of 50 lakhs for 10% equity, Scrapshala sought to attract investors who shared their passion for environmental conservation and innovation.

The Deal:

Despite their compelling pitch and eco-friendly products, Scrapshala left the tank without a deal. While the Sharks admired the brand's commitment to sustainability, they may have had concerns about market demand, scalability, or differentiation from existing eco-friendly brands. However, the experience served as a valuable learning opportunity for Scrapshala, providing them with insights and feedback to refine their products and strategy in the competitive eco-friendly products market.

Conclusion:

The journey of Scrapshala on Shark Tank India Season 1, Episode 31, underscores the challenges and opportunities of entrepreneurship in the sustainability space. While the brand may not have secured a deal in the tank, their dedication to turning waste into wonder is commendable. With valuable lessons learned from their experience on the show, Scrapshala is poised to continue making a positive impact on the environment and inspiring others to join the movement towards a greener future.

IndiaSuccessStories

Indian Success Stories is committed to inspiring the world’s visionary leaders who are driven to make a difference with their ground-breaking concepts, ventures, and viewpoints. Join together with us to match your business with a community that is unstoppable and working to improve everyone’s future.

Scrapshala Shark Tank India Season 1

Scrapshala

Founder of Scrapshala

Scrapshala Funding Round

The Pitch:

The Deal:

Conclusion:

Useful Links

Edtior's Picks

Latest Articles

Scrapshala Shark Tank India Season 1

Scrapshala Shark Tank India Season 1

Scrapshala

Founder of Scrapshala

Scrapshala Funding Round

The Pitch:

The Deal:

Conclusion:

Scholify Shark Tank India Season 1

Sabjikothi Shark Tank India Season 1

You may also like

Leave a Comment Cancel Reply

Useful Links

Edtior's Picks

Latest Articles