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Wakao Foods Shark Tank India Season 1

by IndiaSuccessStories
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Wakao Foods Shark Tank India Season 1 Got 75 Lakhs Funding in Exchange of 21% Equity by Vineeta Singh, Namita Thapar and Ghazal Alagh.

Wakao Foods Shark Tank India Season 1

Pitch no 92 with company details

Wakao Foods

The first company in India to produce goods using the superfood jackfruit is Wakao Foods.This Goa-based sustainable food company sells carefully chosen natural goods with an aim to protect the environment. With items that are carefully selected from produce that is ethically farmed and obtained, then hygienically prepared and packaged, the company aspires to build a better tomorrow—one in which mankind flourishes. Every Wakao product has a one-year shelf life, no preservatives, and doesn’t need to be refrigerated.

Founder of Wakao Foods

Wakao Foods’ founder and CEO is Sairaj Dhond. After starting out as a criminal lawyer, Sairaj decided to follow his actual passion—sustainable entrepreneurship—and left behind the academic-led field of law. He has a strong passion for developing companies that benefit the environment and have an international impact.

Wakao Foods Funding Round

Company Name

Wakao Foods

Shark Tank India Season

1

Episode No

28

Season No

1

Brand

Wakao Foods

Idea

Jackfruit Products

Original Ask

75 Lakhs for 5% Equity

Deal

75 Lakhs for 21% Equity

Invested By:

Vineeta Singh, Namita Thapar and Ghazal Alagh

At the heart of Wakao Foods' pitch was a passion for sustainability and flavor. Their jackfruit products showcased the fruit's natural sweetness and meat-like texture, offering consumers a healthier and more environmentally friendly alternative to traditional meat-based dishes. Wakao Foods aimed to celebrate the richness of jackfruit while promoting sustainable eating habits and supporting local farmers.

The Pitch:

Wakao Foods entered the tank with a delicious proposition: to introduce consumers to the versatility and goodness of jackfruit through a range of innovative products. From jackfruit snacks to ready-to-cook meals, Wakao Foods aimed to redefine the way people experienced this nutritious and eco-friendly fruit. With an original ask of 75 lakhs for a 5% equity stake, Wakao Foods sought to capture the attention of the Sharks and secure the investment needed to expand their operations.

The Deal:

Impressed by Wakao Foods' dedication to innovation and sustainability, Vineeta Singh, Namita Thapar, and Ghazal Alagh saw an opportunity to partner with a brand poised for success. They collectively offered 75 lakhs for a 21% equity stake in the company, providing Wakao Foods with the capital and expertise needed to scale their production, expand their product line, and reach a wider audience.

Investors Behind Wakao Foods

Vineeta Singh, Namita Thapar and Ghazal Alagh: Wakao Foods enthusiastically accepted the offer from Vineeta Singh, Namita Thapar, and Ghazal Alagh, marking a significant milestone in their journey to transform the food industry. With the support of experienced investors and access to vital resources, Wakao Foods was well-positioned to introduce more consumers to the delicious and sustainable delights of jackfruit.

Conclusion:

The success story of Wakao Foods exemplifies the power of innovation and sustainability in shaping the future of food. As they continue to delight taste buds and promote eco-friendly eating habits, Wakao Foods serves as a beacon of culinary creativity and environmental stewardship. With Vineeta Singh, Namita Thapar, and Ghazal Alagh as strategic partners, Wakao Foods is poised to make a lasting impact on the way people eat and think about food.

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