Brandsdaddy Fire Ball AFE Shark Tank India founder, deal, revenue, funding, net worth
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The second season of Shark Tank is currently airing on Sony Entertainment, know about the founder of Brandsdaddy
The fourth episode of “Shark Tank” witnessed a new business idea from Brandsdaddy. Who are the owners, and what was the deal? Know below.
Along with Amit Jain, who was hired to take Ashneer Grover’s place, the group also included Anupam Mittal, Namita Thapar, Peyush Bansal, Aman Gupta, and Vineeta Singh.
Brandsdaddy Fire Ball AFE Shark Tank India founder, deal, revenue, funding, net worth 2023
The show’s third pitch showed the Auto Fire Extinguisher Ball, a gadget that can be used by individuals of all ages to quickly put out small fires before they get out of hand.
Regarding the Company Brandsdaddy
The Brandsdaddy founders are Roshaan Vivekanand Mishra and Ankita Roshaan Mishra. Roshan previously held a position as a salesperson for insurance coverage.
The Brandsdaddy AFE is an automatic fire extinguisher ball. People of any age may utilise the device without any instruction. It has a five-year shelf life, requires little upkeep, and is portable. This product was entirely created in India. The government, businesses, corporations, fire brigade stations, BSF, and even insurance firms utilise their product. Their goal is to put out the fire before first responders arrive and prevent any accidents.
With a firm worth 14 crores, the founders requested 70 lakhs for 5% of the stock in the business.
The Additional Details About the Business
The sales are 12 lakhs every month. Sales were 51 lacs in FY 20–21 and 1.45 crores in FY 21–22, respectively. 60% is the gross margin, while 10% is the net margin. The typical selling price for B2B is between $1,000 and $1,500. The item’s MRP is Rs. 5000.
Offers and Refutations For Brandsdaddy
At a valuation of 7 crores, Namita made an offer of 35 lakhs for 5% stock in the business and 35 lakhs in debt with 12% interest. At a value of 10 crores, the founders make a counteroffer of 50 lakhs at 5% equity and 20 lakhs in debt at 12% interest.
Final Brandsdaddy Agreement
With regard to the value of 7 cores, the final agreement was reached with Namita for 35 lakhs at 5% equity and 35 lakhs at 12% interest.
Brandsdaddy Coming Tonight 5th Jan 10 PM on Sony TV & Sony Liv . Join is in Making India Auto Fire Proof #brandsdaddy #killfirebeforeitkillsyou #SharkTankIndiaS2 #SharkTankIndiaSeason2 pic.twitter.com/mS8z2MI9Xs
— Brandsdaddy Customer Services Pvt Ltd (@brandsdaddy) January 5, 2023
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