🦈 Sharks in the Show
- Namita Thapar
- Aman Gupta
- Anupam Mittal
- Ritesh Agarwal
- Kunal Bahl
🏢 Startup: Miss Cheesecake
- Founders: Narpat Singh Rathore & Pooja Balani (Couple)
- Location: Jodhpur
- Founded: May 2024
- Industry: Food & Beverages
- Product: Light, affordable, and delicious cheesecakes
🚀 Business Highlights
- Gained 1 million views on social media within just 20 days
- Offers 6 flavors, with the best-selling cheesecake being Lotus Biscoff
- 25,000+ cheesecakes sold in just 4 months
💰 The Ask
- ₹30 Lakhs for 5% equity
- Valuation: ₹6 Crores
📊 Sales Breakdown
- Price Range (Top 3 Bestsellers): ₹120 - ₹140
- Sales Split:
- Average Monthly Sales: ₹8 - ₹8.5 Lakhs
- Gross Margin: 50%
- Net Margin: ~35%
🦈 Shark Reactions
- Anupam Mittal: ❌ Out – “I personally don’t like sweet products, so I’m out.”
- Aman Gupta: ❌ Out – Suggested bringing in a co-founder and building a strong team.
- Namita Thapar: ❌ Out – Believed the business was not yet at an investable stage.
- Kunal Bahl: ❌ Out – Did not see a strong reason to invest.
- Ritesh Agarwal: ✅ Offered ₹30 Lakhs for 7.5% equity.
🔥 The Outcome
The founders declined Ritesh’s offer as they were not willing to dilute more than 5%. The deal did not close.