Shades of Spring is a flowers brand featured in Shark Tank India Season 1 Episode 30. The founder of this brand has demanded 3 crores in exchange for a 1% share of his company in Shark Tank India. This is a huge amount, so accordingly the valuation of this brand will be ₹300 crores.
There are many flower brands in India like Shades of Spring, which provide the user with fresh flowers for any season. According to a report of 2020, India’s flower industry is valued at ₹575.98 crores and it is growing slowly. There are still many big players who are active in this flowering industry.
What Is Shades of Spring?
This Shades of Spring is a flowers brand that provides flower gifts to the user or on their special occasion. This brand works in a subscription model as well as normal. They have a collection of different types of flowers like Valentine, Occasion.
This is currently done by flower developers in Mumbai, Chennai, Bangalore, and Hyderabad cities. Their service is limited now, they have not grown much. They do flower deliveries every day from 10 am to 7 pm.
This Bengaluru, Karnataka base is a startup This startup was started in 2018. Flower subscription, weekly flower delivery, luxury bouquets, fresh flowers from the farm, farm to table, monthly flower delivery, hand-tied bouquets, online bouquet delivery in Bangalore, and fresh flowers in Bangalore
Shades of Spring Shark Tank India Update
|Company Name||Shades of Spring|
|Founder||Nidhi Gupta, Anju Bhagat|
|Product||500+ Varieties of farms fresh flowers from Indian Farmers|
|Asked For||₹3 Crores for 1% Equity|
|Final Deal||No Deals|
|Episode (Shark Tank India)||Season 1 Episode 30|
|Business Status||In Business|
|Net Worth/Valuation||₹300 Crores|
Who Is The Founder Of Shades of Spring?
The name of the founder of Shades of Spring is Nidhi Gupta, Anju Bhagat runs a startup based in Bangalore. These two are a couple and both of them met through Shaadi.com and after that, they got married. The founder has been running this startup for a long time and this business has also given him success.
Shades of Spring Before Shark Tank
Shades of Spring is doing very good business even before Shark Tank, after that this company has reached the valuation of ₹300 crores today. The founder has done marketing very well, so today this company has become a big one.
Shades of Spring Get Deal’s In Shark Tank India
The founders of Shades of Spring, Nidhi Gupta, Anju Bhagat pitched the shark very well in Shark Tank India. He has asked the shark to invest an amount of ₹3 crores instead of giving 1% share of his company.
Next, we will give you information about this Shades of Spring startup.