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Season 1

The State Plate Shark Tank India Season 1

by IndiaSuccessStories
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The State Plate Shark Tank India Season 1 Got 40 Lakhs Funding in Exchange of 3% Equity with 25 Lakhs in debt by Peyush Bansal.

The State Plate Shark Tank India Season 1

Pitch no 62 with company details

The State Plate

A business called The State Plate is situated in Bangalore, Karnataka, India. It provides home delivery services for snacks, baked goods, basics, spices, chutneys, pickles, and drinks. Customers are served directly by this platform with local products. The user receives all of the snacks at a very competitive price from his closest neighborhood.

Founder of The State Plate

Muskaan Sancheti, also known as Raghav Jhawar, is the founder of the Indian cuisine firm The State Plate. The two of them have worked together to create this company. Since Raghav is from Kolkata and Muskan is from Bangalore, Muskan shared this idea with Raghav, who then expressed interest in it. These two have developed this startup together.

The State Plate Funding Round

Company Name

The State Plate

Shark Tank India Season

1

Episode No

20

Season No

1

Brand

The State Plate

Idea

Delicacies

Original Ask

65 lakhs 2% Equity

Deal

40 Lakhs for 3% equity and ₹25 Lakhs Debt

Invested By:

Peyush Bansal

At the heart of The State Plate's pitch lay a passion for food and a commitment to culinary excellence. Their menu featured a curated selection of dishes inspired by diverse cuisines and cultures, offering patrons a unique and memorable dining experience. From traditional classics to modern interpretations, The State Plate aimed to surprise and delight customers with their creative approach to cooking and presentation.

The Pitch:

The State Plate's pitch aimed to tantalize taste buds and delight food enthusiasts with their eclectic range of delicacies. From regional specialties to international favorites, their menu promised a culinary journey like no other, with each dish crafted to perfection using the finest ingredients and innovative culinary techniques. With a focus on delivering exceptional dining experiences and celebrating the rich diversity of flavors, The State Plate sought to carve a niche in the competitive food industry.

The Deal:

Impressed by The State Plate's innovative concept and the potential for growth in the culinary industry, Peyush Bansal saw an opportunity to invest in a venture with significant potential. He offered 40 lakhs for a 3% equity stake and 25 lakhs in debt financing, recognizing the value of The State Plate's unique culinary offerings and their potential to disrupt the food market. This strategic investment not only provided The State Plate with the capital needed to expand their operations but also brought on board an investor with a shared passion for food and innovation.

Investors Behind The State Plate

Peyush Bansal: The State Plate enthusiastically accepted the offer from Peyush Bansal, marking a significant milestone in their journey to redefine the culinary landscape with their innovative approach to food. With the backing of an experienced investor who shared their vision for delivering exceptional dining experiences, The State Plate was well-positioned to scale their operations, enhance their menu offerings, and delight customers with their culinary creations.

Conclusion:

The success of The State Plate on Shark Tank India Season 1 highlights the enduring appeal of innovative culinary concepts and the potential for growth in the food industry. By offering unique and delectable dishes that celebrate the diversity of flavors, The State Plate is poised to capture the hearts and palates of food enthusiasts across the country. With the support of investor Peyush Bansal, The State Plate is well-equipped to expand its footprint, elevate its dining experiences, and establish itself as a leader in the competitive food market.

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