The Plated Project is a unique plate-making company, find out more about the company and its experience on Shark Tank India season 2
Shark Tank India’s second season has captivated viewers with the exceptional and unusual company concepts presented by the nation’s aspiring entrepreneurs.
While many entrepreneurs came to the show with their presentations in an effort to attract investors and funding for their businesses, the most recent pitch was made on the show with the intention of reducing hunger and giving those in need food.
The Plated Project on Shark Tank India, episode, founder, deal, investors, valuation, revenue, net worth in 2023
| The Plated Project Shark Tank India Episode Number | Shark Tank India Season 2,ย Week 10 Episode 46 |
| The Plated Project Shark Tank India Episode Air Date | 6 March 2023 |
| The Plated Project Founder Name | Chitresh Sinha |
| The Plated Project Ask In Shark Tank India | โน75 lakh for 2% equity |
| The Plated Project Deal In Shark Tank India | โน75 lakh for 3.75% equity |
| The Plated Project Company Valuation | โน20 crore |
| The Plated Project Investor Name | Namita Thapar, Vineeta Singh, Aman Gupta |
| The Plated Project Official Website | The Plated Project Website |
The Plated Project, an excellent idea from an entrepreneur, came to the event with the mission to create beautiful plates with the premise that each plate should be able to serve at least one person at a time. In addition to winning the deal, the pitch gained notoriety on social media platforms.
Since then, many people are trying to find out more about it. So, hereโs what we know about it:
More about The Plated Project
The Plated Project is a distinctive and motivational commercial endeavor with the goal of fusing art and social responsibility. Its founder is Chitresh Sinha, who has a mission to address the issue of hunger that plagues the nation, with 200 million people in India going to bed hungry every day.
The company’s strategy is to produce exquisite art plates, and with every plate sold, it will be able to feed ten people in need. Noteworthy, the company has filled 5 lakhs 50 thousand empty plates with food in a short period of time.
The Plated Project’s figures, which include lifetime sales of 30,000 units and an EBITDA of 15% in FY 2021โ22, demonstrate its excellent growth.
Its experience on Shark Tank India 2
The founder of The Plated Project presented its pitch to the sharks, after which Shark Anupam Mittal offered them โน75 lakhs for a 5% equity stake, which would value the company at โน15 crores.
However, Shark Namita made an offer of โน30 lakhs for a 1% equity stake and a โน45 lakh debt at 12% interest, valuing the company at โน30 crores. Soon, Sharks Aman and Vineeta also made an offer of โน75 lakhs for a 5% equity stake, with the same โน15 crore valuation.
The businessman then made a counter-offer to all four sharks, proposing โน1.5 crores for a 5% equity stake, which would value the company at โน30 crores. In response, Sharks Aman, Namita, and Vineeta made a joint offer of โน75 lakhs for a 3.75% equity stake, valuing the company at โน20 crores.
After considering all the offers, the business pitcher decided to finalize the deal with all three sharksโAman, Namita, and Vineetaโby accepting their offer of โน75 lakhs for a 3.75% equity stake, which would value the company at โน20 crores.