Very Much Indian Shark Tank India Update (Season 2)

Very Much Indian is an India premium saree brand that produces and sells handmade sarees from its website. All their sarees come with fashionable designs and an effort is made to give a premium look to the saree.

There are many females in the world who prefer saree first, in most Asian countries people wear sarees like Myanmar, Malaysia, Cambodia, Thailand, and India.

Indian women wear sarees to attend various occasions and events like wedding nights, political speeches, college farewells & corporate boardrooms, and many more. The original length of a saree varies from 3 to 9 yards.

Slony Gambhir is the founder of Very Much Indian Business and her family business is Textile. At the age of 14 years, she used to sit in her father’s textile store manage clients and handle accounts. She worked in corporate for 10 years after her BTech & MBA studies.

In 2016, she quit her job and started a Very Much Indian saree business from her Pune home. She started the business by taking a loan of 25 sarees from her father and her husband supported her in this business.

Slony Gambhir along with her husband appeared in Shark Tank India Season 2 Episode 2 with Very Much Indian and demanded ₹50 Lakhs for 3% equity at a ₹16.67 Crores Valuation from the shark.

What Is Very Much Indian?

Very Much Indian is an Indian premium saree brand. This brand sells sarees of different designs to the customer at an affordable price. This brand has sarees at every price range that the customer likes. This brand is associated with 400+ weavers communities all over India.

It sells sarees of all types like Silk, cotton, polyester, with zari, without zari, mill-made, and many more. Apart from this, this company also sells the cheapest sarees along with expensive sarees.

This company brings sarees from direct weavers all over India and sells them on its platform. It includes all types of popular sarees like Pure silks, Cotton, Cotton Silks, Linen, Paithani to Banarasi, Kota, Kalamkari, Maheshwari, and many more.

The lowest saree of this brand is priced at Rs.1,800 and the highest saree is priced at Rs.78,000.

Company NameVery Much Indian
FounderSlony Gambhir
FoundedJan 2016
BusinessIndia premium saree brand
Asked For₹50 Lakhs for 3% equity
Final Deal₹50 Lakhs for 10% equity
SharkAman Gupta and Namita Thapar
Episode (Shark Tank India)S2 E2
Air DateJan 3, 2023
Business StatusIn Business
WebsiteVisit Now
HeadquartersPune, Maharashtra, India
Lifetime Worth (Sales)₹5 Crores *estimated
Go To AmazonBuy Now
Watch OnAmazon Prime

 Another Shark Tank Pitch

Slony Gambhir is the founder of Very Much Indian Company. She launched this business in January 2016.

Slony experienced corporate life for 10 years after completing her studies at BTech and MBA. She left her job in 2016 and started her own business.

How Was The Shark Tank India Pitch Of Very Much Indian?

Slony and her husband enter Shark Tank India and ask sharks for ₹50 lakhs for 3% equity. Slony explained to Shark about her business, how it works, and what is its sales rate.

Slony had struggled a lot at the beginning of her business, she used to go to people’s houses and sell sarees. Namita Thapar said that she would become an investor in this business.

In the financial year 2018-19, they did annual sales of ₹17 lakhs. Till the financial year 2019-20, their annual sale was up to ₹20 lakhs. In the time of the financial year 2020-21 pandemic, their annual sales increased by 225% to ₹65 lakhs. Annual sales for the financial year 2021-22 have been ₹1.5 crores.

They are estimated to have an annual sale of ₹2 crores by the end of 2023. The average price of a saree is ₹10,000. The gross margin in this is 35% and the profit in this is around 15%.

Namita decides that she will make an offer. Her offer is ₹50 lakhs for 10% equity at a ₹5 Crores valuation. This business sells 100+ sarees every month.

Peyush Bansal said that there is already an offer so he is out of it. Vineeta Singh says Namita’s offer is good so she is out. Anupam Mittal said that he is not interested in textile business, so he is out. Aman Gupta and Namita teamed up and offered 50 lakhs for 10% equity.

Entrepreneur countered ₹75 lakhs for 10% equity at 7.5 Crores. Namita stuck to her preview ₹5 Crore valuation. Manish and Slony agreed to it.

Finalize: Aman Gupta and Namita Thapar invested ₹50 Lakhs in “Very Much Indian” for 10% equity.

Very Much Indian Shark Tank India Update

Very Much Indian got a deal in Shark Tank India. Namita and Aman both invested in this business. Both of them will try to make this textile business branding trusted so that people can buy sarees without any problem.

The company is projecting that it will achieve annual sales of 2 crores by the end of 2023. The founder said that their target is to sell up to 1,000 sarees every month, currently, they sell 100+ sarees every month.

Right now this business is fully profitable and their profit margin is estimated at 15%. Hope this saree brand becomes a popular traditional saree brand in India.

After this episode of Shark Tank India aired, many people mentioned the struggle of female entrepreneurs as an inspirational story. From 2019 to 2022, the total sales of this company is ₹2.52 crores and their profit margin is ₹38 lakhs.

We’re following Slony Gambhir along with her company for further updates.

What Is Very Much Indian Net Worth?

In Shark Tank India, this textile business had sought investment at a Worth of ₹16.67 Crores, but the sought valuation of this business was not received. Very Much Indian Worth 5 Crores in Shark Tank India. It is a profitable business and sells a premium traditional paithani saree.

Very Much Indian business was started by Slony in 2016 but it took her 1 year to manage this business properly. The founder had been watching the business since childhood and had the right knowledge of the business.

This saree brand is very popular in India. This brand also sells the products in wholesale form. This brand’s app has been downloaded 100+ on Google Playstore.

This saree company’s headquarters is in Pune, Maharashtra, India, and a total of 2 to 10 people are working in it.

Yes, Very Much Indian is still in business as of April 2024.

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