Freakins Denim is fast apparel brand, know about its founder
It was recently featured on Shark Tank India Season 2. Find out more about the brand and its appearance on the show.
The Indian version of the popular TV show, Shark Tank India, produced by Sony TV, has been delighting audiences with its entertaining content while providing start-ups with a unique opportunity to grow their businesses.
The show requires entrepreneurs to showcase their best skills, from knowledge to valuation, to impress the judges. It is crucial for them to be transparent about the workings of their businesses, including their losses.
Freakins Denim on Shark Tank India episode, founder, deal, valuation, revenue, jacket, net worth
In a recent episode, one of the entrepreneurs found themselves in a challenging situation with judge Anupam Mittal after disclosing their losses. The Freakins team, who presented their line of denim clothing for women, managed to captivate the judges with their presentation and even managed to answer one of the shark’s questions with humor.
| Freakins Jeans Shark Tank India Episode Number | Shark Tank India Season 2, Week 7 Episode 33 |
| Freakins Jeans Shark Tank India Episode Air Date | 15 February 2023 |
| Freakins Jeans Founder Name | Shaan Shah, Sachin Shah |
| Freakins Jeans Ask In Shark Tank India | ₹70 lakh for 1% cr |
| Freakins Jeans Deal In Shark Tank India | ₹50 Lakh for 2% Equity & ₹20 Lakh Debt @12% Interest |
| Freakins Jeans Company Valuation | ₹25 crore |
| Freakins Jeans Investor Name | Vineeta Singh |
| Freakins Jeans Official Website | Freakins Jeans Website |
So, let’s find out everything about the Freakins Denim business:
More about Freakins Denim business
Freakin Denims is a rapidly-growing apparel brand that specializes in fast fashion. Founded in 2018 by Puneet Sehgal and Shaan Shah, the company designs and launches new styles every week, catering to the latest fashion trends for Indian women’s body types.
It is the first brand to offer a vast selection of jeans, joggers, jeggings, dresses, cotton pants, tops, and other apparel for women in their catalog with new designs according to their body shape.
The young team at Freakin Denims, all under the age of 25, is committed to understanding the latest fashion trends and incorporating them into their business. They operate in over 35 categories and manufacture products in more than 1500 styles.
The company has successfully completed over 2.5 lakh orders, showcasing its dedication to meeting the needs of its customers. As of September 2022, the company’s average monthly net sales have increased to ₹ 90 lakhs. During that month, they recorded total sales of ₹ 1.95 crores, with net sales of ₹ 1.05 crores.
Its experience on Shark Tank India 2
During the negotiations, Shark Vineeta made an offer of ₹50 lakh for 2.5% equity and ₹20 lakh debt at 12% interest, valuing the company Freakins Denim at ₹20 crores. However, the business pitcher proposed a counteroffer of ₹50 lakh for 2% equity and ₹20 lakh debt at 12% interest, valuing the company at ₹25 crores.
Unfortunately, Shark Vineeta did not accept the counteroffer, but after further discussions, the pitchers agreed to the original offer of ₹50 lakh for 2.5% equity and ₹20 lakh debt at 12% interest.