Magic Of Memories, DNA Jewellery in Season 2 of Shark Tank India Create life-related, unforgettable memories, know about the founder
The brand uses things like mother’s milk, the placenta, the umbilical cord, flowers from a special occasion, or soil from the courtyard to preserve jewellery and make other things. Using these items, they customise every product.
Magic of Memories DNA Jewellery Shark Tank India founder owner, valuation, revenue, net worth
Magic of Memories aims to create a range of memorable customised products to cherish every little thing related to your special moments.
Preety Mago, the founder of the brand, believes that nothing is too small or big to store memories. She said, “When a child arrives in a house, parents handle small and big things very lovingly in his journey. Mother and family have unique love to handle such small things in the memory of the moment.”
The Products Made BY Magic Of Memories DNA Jewellery And There Price Range And Success
The Magic of Memories DNA Jewellery makes customised designs only in gold and silver.
- The cost of Magic of Memories Breastmilk Jewellery Products ranges from ₹2,000 to ₹30,000 depending on the weight of the metal, customisation and ornaments.
- Magic Of Memories Lifecasts for children’s hands and feet start at Rs.5,000.
- Magic Of Memories DNA Jewellery has done 500 orders in 3 years.
- Magic Of Memories’ Gross Margin is 55%, Net Margin is 50% and Average Order Value is ₹11K.
- Magic Of Memories clocked ₹ 4.17 lakh sales last month.
Their previous year’s sales are given below:
- FY 2019 – 20 – ₹8 lakh
- FY 2020 – 21 – ₹17 lakh
- FY 2021 – 22 – ₹27 lakh
- FY 2022 – 23 – ₹24 lakh
Sharks View On The Brand
The sharks slowly begin to share their opinions on the novel business idea. The general agreement, which was first expressed by Peyush, is that as the business category is still young, audience acceptance will also rise gradually. Vineeta once again mentions the low acceptance factor. Aman withdraws first due to a lack of relatability with the entrepreneurial model; Namita declines due to her inability to see its scalability. Meanwhile, Anupam respects how much money she makes from this novel artistry but is uninterested in the concept, and with that, all of them pulled out of the deal.