The State Plate is a home-delivered snack & sweet startup that appeared in Shark Tank India Season 1 Episode 19. This Bangalore, Karnataka, India base is a startup that has come to Shark Tank India to get funding, its founder asked for ₹65 lakhs in exchange for 2% equity. So let’s know how much funding they get in The State Plate Shark Tank India and what is the shark’s advice in it.
What is The State Plate?
The State Plate is a startup based in Bangalore, Karnataka, India that delivers hometown snacks, sweets & bakery, staples & spices, chutneys & pickles, drinks at home. This platform directly delivers the products of its local area to its customers. The user gets all the snacks from his nearest area at a very good price.
This is a very unique startup that delivers the product of snacks to the user at home. In this pandemic time, the demand for this startup had increased a lot, there are many people who had also ordered through this website.
The State Plate Shark Tank India Update
|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|
|Episode (Shark Tank India)||Season 1 Episode 19|
|Business Status||In Business|
Who Is The Founder Of The State Plate?
The name of the founder of Indian food startup The State Plate is Muskaan Sancheti, Raghav Jhawar, both of them together have made this business. Muskan is from Bangalore and Raghav is from Kolkata so Muskan discussed this idea with Raghav after that Raghav liked it. Together these two have made this startup.
The State Plate Private Before Shark Tank
The founder of The State Plate started this business with ₹5000 capital amount. Both of them had a plan that they would do Big Corporate Setups and MBA courses after college but later they changed their plans. This startup Good Memories Pvt. Ltd. Going with the legal name.
The State Plate Get Deal’s In Shark Tank India
The founder asked for ₹65 lakhs in Shark Tank India in exchange for 2% equity in his company. So Shark told a lot about this startup. Shark has discovered many loopholes in this startup which can stop this business from growing.
Next, we will give you information about this The State Plate startup.