Scrap Shala is a scrap decorator brand featured in Shark Tank India Season 1, Episode 31. The company specializes in creating beautiful designs from waste materials. The founder sought ₹50 lakh in exchange for 10% equity in the company.
While it’s often believed that scrap production is higher in India compared to other countries, this perception is not entirely accurate. Outside sources may downplay their own scrap issues, and some critiques of India may be unfounded.
Founded in January 2016 in Varanasi, Scrap Shala transforms waste materials into attractive products. The startup not only focuses on innovative product design but also provides employment opportunities for local artisans, integrating their craftsmanship into the products.
The company addresses global issues of waste by recycling discarded items into desirable goods. For example, they have repurposed old X-ray films into stylish lampshades and transformed discarded tin cans into decorative lanterns, showcasing their ability to turn waste into art.
| Company Name | Scrap Shala |
| Founder | Shikha Shah |
| Product | Scrap Design Beautiful Product |
| Asked For | ₹50 Lakhs for 10% Equity |
| Final Deal | No Deal’s |
| Shark | No Shark |
| Episode (Shark Tank India) | Season 1 Episode 31 |
| Business Status | In Business |
| Net Worth/Valuation | ₹5 Crores |
Shikha Shah, the founder of Scrap Shala, sought ₹50 lakhs in exchange for 10% equity of her company on Shark Tank India. Scrap Shala is a burgeoning startup with significant growth potential. The abundance of scrap materials in India provides a high profit margin for the business.
As of August 2023, Scrap Shala is still operational and continues to thrive.
