Scrap Shala is a scrap decorator brand featured in Shark Tank India Season 1 Episode 31 which makes different beautiful designs from scrap. The founder of this Scrap Shala has demanded ₹50 lakh rupees in exchange for 10% equity of his company in Shark Tank India.
The percentage of scrap in India is considered to be much higher than outside the country, however, this is not entirely true. Because outside government and media hide this thing from the world, some people of India defame their country.
What Is Scrap Shala?
Scrap Shala is a startup started in January 2016 from Varanasi, which works to make beautiful products from Waste materials. Along with product design, this company provides employment to local artisans to put their art into this product design.
This company provides employment to the unemployed artisans of India, along with it, a very big problem of the world is that product which cannot be destroyed. For all these, this company recycles the product and converts it into a beautiful product. The product which people had thrown away, today people are buying the same product by paying money.
They have made a very different design from the X-ray lampshade which looks quite nice. When people throw away Tin can lanterns because of not working, they have created a new decor light design through it.
Scrap Shala Shark Tank India Update
|Company Name||Scrap Shala|
|Product||Scrap Design Beautiful Product|
|Asked For||₹50 Lakhs for 10% Equity|
|Final Deal||No Deal’s|
|Episode (Shark Tank India)||Season 1 Episode 31|
|Business Status||In Business|
|Net Worth/Valuation||₹5 Crores|
Scrap Shala Contact Details
Who Is The Founder Of Scrap Shala?
The name of the founder of the scrap school is Shikha Shah, she did her studies at the Rural Technology and Business Incubator (RTBI) from IIT Madras. After his studies, she was a Research Associate at the Institute of Rural Management Anand for 5 months.
Scrap Shala Before Shark Tank
Before coming to the Scrap Shala Shark Tank India, he sold his product very well. This product is being sold at both the Varanasi retail store and their official website. Their lowest priced product is Bamboo Toothbrush Family Pack starting at Rs.275.
Scrap Shala Get Deal’s In Shark Tank India
Shikha Shah, the founder of Scrap Shala, has asked for ₹50 lakhs in exchange for 10% equity of his company in Shark Tank India. This is a growing startup, its scope is very high in features, there is no shortage of scrap in India, so the profit margin of this business is very high.
Yes, Scrap Shala is still in business as of August 2023.