Featured in Modern Myth Shark Tank India Season 1 Episode 22 is an apparel & fashion brand that makes high-quality bags. This modern myth is also very popular in the Bollywood industry, many celebrities use this product. Its founder has demanded ₹75 lakhs in exchange for 5% equity of his company in Shark Tank India.
This bag market has a market value of 153.6 billion USD in the whole world. This industry is growing a lot, it is growing at the rate of 25% year after year. There are many old brands that are sitting at the top in this industry. But people are still trying some new things, so this modern myth targets only those people who want stylish bags.
What Is Modern Myth?
Modern Myth is an Apparel & Fashion Brand According to this LinkedIn profile, this brand was started in New Delhi on 2019. This product is manufactured in New Delhi and it imports very high raw material for its product. The founder says that she makes all his products keeping in mind the current trading fashion.
They also provide custom designs, if a customer likes a design, then she makes that design for them. The founder is an animal lover who does not support leather products made from animal skin. All their products are 100% vegan and they do handcraft design in their product by Indian artists.
This modern myth believes in giving a high-quality product to the user, so he takes user feedback so that he can grow his company.
Modern Myth Shark Tank India Update
|Company Name||Modern Myth|
|Founder||Saurabh Tokas, Oshina Hans|
|Business||Bags handcrafted by Indian artisans and 100% vegan in nature|
|Asked For||₹75 Lakhs for 5% Equity|
|Final Deal||No Deals|
|Episode (Shark Tank India)||S1 E22|
|Business Status||In Business|
|Net Worth/Valuation||₹15 Crores|
Who Is The Founder Of Modern Myth?
The Modern Myth brand was started in 2019 by Oshina Hans from New Delhi under her co-founder Saurabh Tokas. Then there are 4 artisans with him from Delhi. After two years of struggle, the brand started taking more than 100 orders every day.
The founder comes from Oshina Government Family but She had a dream since childhood to become an Entrepreneurship. She did his Bachelor’s degree in Textile Designing from the National Institute of Fashion Technology After that she started working as a full-time designer in the international and domestic market.
When the founder saw that there was a lot of potential in this niche industry, she decided to give up his secure 9-to-5 job. For this, she had convinced her mother by forcing him.
Modern Myth Before Shark Tank
Modern myth Shark Tank had become a big brand before coming to India, they are coming every day for more than 100 orders for bags. When this product was listed on Nykaa, it became the best seller product of Nykaa after a few months. The founder started listing his product on platforms like Amazon, Flipkart, Myntra, AJio, etc and this product brought a 4 & above star rating.
This brand has been endorsed by many celebrities like Abhishek Banerjee, Sanaya Irani, Sakshi Sindwani, Akhil Kumar, Chandni Bhagwanani, Anuj Sachdeva & Cheshtha Bhagat, etc.
Modern Myth Get Deal’s In Shark Tank India
The founder of Modern Myth Saurabh Tokas, Oshina Hans has asked for 75 lakhs in exchange for 5% equity of his company in Shark Tank India. The founder pitched his startup to Shark in a very funny way, Shark also started asking the founder about this business a lot.
Next, we will give you information about this Modern Myth startup.