The State Plate, a home-delivered snack and sweet startup, appeared on Episode 19 of Shark Tank India Season 1. Based in Bangalore, Karnataka, India, the founder sought ₹65 lakhs in exchange for a 2% equity stake. Let’s explore the outcome of their pitch and the advice given by the Sharks.
The State Plate delivers a variety of products, including hometown snacks, sweets, bakery items, staples, spices, chutneys, pickles, and drinks directly to customers’ homes. This platform connects users with local products at competitive prices.
As a unique startup, The State Plate has seen a significant increase in demand, particularly during the pandemic, leading to a surge in orders through their website.
| Company Name | The State Plate |
| Founder | Muskaan Sancheti, Raghav Jhawar |
| Business | one-stop destination for all regional food needs |
| Asked For | ₹65 Lakhs for 2% Equity |
| Final Deal | ₹40 Lakhs for 3% Equity & ₹25 Lakh Debt |
| Shark | Peyush Bansal |
| Episode (Shark Tank India) | Season 1 Episode 19 |
| Business Status | In Business |
| Valuation | ₹32.5 Crores |
| Website | Visit Website |
The founders of The State Plate, an Indian food startup, are Muskaan Sancheti and Raghav Jhawar. Muskaan, from Bangalore, and Raghav, from Kolkata, came together to start this business. Muskaan initially discussed the idea with Raghav, who liked it, leading to the creation of The State Plate.
The founders launched the startup with a capital of ₹5,000. Although they initially planned to pursue big corporate careers and MBA courses after college, they shifted their focus to building this business. The official legal name of the startup is Good Memories Pvt. Ltd.
On Shark Tank India, the founders sought ₹65 lakhs for a 2% equity stake in their company. However, the Sharks identified several potential issues with the startup that could hinder its growth.
Yes, The State Plate Private is still in business as of April 2024.
