Shark Tank Season 3: Foodpreneurs had plant-based milk to Platic Free Gun in the latest season

Shark Tank Season 3: Food and Beverage businesses are ever on the rise, and some really thoughtful and innovative food entrepreneurs made it to Shark Tank India season three. While the heart of most food brands, is sustainability there are other reasons for these brands to catch an eye beyond that. 

Alt. Co. Plant-Based Milk 

Rithwik Ramesh and Basan Patil, are here to revolutionize the food and beverage industry with their plant-based milk. And though they did not succeed in attaining a deal, their vision is worth the time. 

Their plant-based milk business would offer sustainable and healthy dairy consumption offer, also providing a solution for vegans and people with dairy allergies. The duo asked for an investment of Rs. 1.5 crores for an equity of 2%. Their cloudy vision and competition in the market left the sharks unconvinced. 

Dil Foods 

Dil Foods is a virtual kitchen offering the flavour of regional food to people across Bengaluru and Hyderabad. Arpita Aditi came with an ask of Rs. 50 Lakhs for 0.5% equity and stroke a final deal at Rs. 2 crores for 2.67% equity with Sharks Radhika Gupta, Vineeta Singh, Peyush Bansal, and Ritesh Agarwal. Dil Foods is currently eight virtual food brand businesses.

Tiggle Ready to Made Chocolate Mix 

Founded in April 2021, Tiggle is a ready-to-made chocolate mix business brand by Anuva Kakkar. Partnering with the cocoa farmers of Tamil Nadu, Tiggle brings a ready-to-make hot chocolate mix to its consumers.

 

 

 

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Kakkar approached the Sharks with an ask of Rs. 50 Lakhs for 5% equity and struck a final deal with Shary Peyush Bansal and Amit Jain with a 20% equity on Rs. 5 lakhs investment and 2% royalty.   

Honeytwigs- convenient access to honey 

Honey has found a place in a many breakfast routine. The entrepreneurs Jigar Mehta and Paras Fatnami understood the difficulties of storing and consuming honey hence offering a single serving, hassle-free use packaging honey twigs. The entrepreneurs had an ask of Rs. 75 lakh investment for a 3% equity stake, valuing the company at Rs. 25 crores, and managed to sell their pioneering idea to Shark Anupam Mittal, Peyush Bansal, and Ritesh Agarwal with an offer of Rs. 75 lakhs for a 3% equity stake. 

As more episodes of the show unleash, the viewers look forward to witnessing more innovating brands providing solutions and sustainability.