Jhaji is a pickle startup founded on October 2, 2020, in Bihar, specializing in homemade pickles. Initially, the brand’s products were available mainly in Darbhanga, Mithilanchal, and Northern Bihar, but they are now also available online.
Jhaji’s pickles are loved for their unique taste, and they are a favorite among families and friends. Originally a local brand, Jhaji has now gained popularity across India. In addition to pickles, the brand also offers chutneys.
| Company Name | Jhaji Store |
| Founder | Kalpana Jha and Uma Jha |
| Founded | 2020 |
| Business | Home-made Pickles & Chutneys |
| Asked For | ₹50 Lakhs for 10% Equity |
| Final Deal | ₹85 Lakhs for 8.45% Equity (S1E2) |
| Shark | Namita Thapar, Vineeta Singh, and Jharkhand Angels |
| Episode (Shark Tank India) | S1 E4 |
| Business Status | In Business |
| Website | Visit Now |
| Headquarters | Darbhanga, Bihar, India |
| Lifetime Worth (Sales) | ₹40 Lakhs *estimated |
| Go To Amazon | Buy Now |
| Watch On | Amazon Prime |
JhaJi Shark Tank India Update
All the sharks praised the co-founders of this company and were impressed with the pitch from both women. However, none of the sharks decided to invest in the business.
This business growth report was shared in Shark Tank India Season 2, Episode 1. In the first month, the company achieved sales of ₹2.5 lakh. Sales grew to ₹3 lakh in the second month and ₹6 lakh in the third month.
The pickles business had a strong start, and after appearing on Shark Tank India, the company experienced a huge surge in sales. In just one night, it sold pickles worth ₹25 lakh, achieving a 400% growth compared to previous sales.
Namita Thapar, Vineeta Singh, and Jharkhand Angels invested ₹85 lakh in the pickles brand for an 8.45% equity stake, valuing the company at ₹10.06 crore.
What Is Jhaji Store Net Worth?
Jhaji Store initially demanded a ₹5 crore valuation from the sharks, but the deal did not go through on Shark Tank India. However, in Season 2, the business was invested in at a valuation of ₹10.06 crores, with both the sharks and a third-party investor involved. Currently, Jhaji Store is valued at ₹10 crore.
Yes, Jhaji Store is still in business as of April 2024.
