Singh Styled, a Sikh-themed personal care brand, has been in the news because it was recently featured on Shark Tank India season 2
The second season of Shark Tank India season 2 is making headlines because the show featured unique startups in every episode. While the majority of pitches belong to several categories such as food, technology, and apparel, some startups come up with out-of-the-box ideas from categories that not only appeal to sharks but also grabbed the attention of the audience.
A similar kind of startup was recently featured on Shark Tank India that has from the personal care industry but with a unique Punjabi twist. Singh Styled named claims to offer quality Sikh turbans and other beard care products.
Singh Styled on Shark Tank India episode, founder, deal funding, revenue, valuation, net worth in 2023
They have also produced non-alcoholic and gum-free products, keeping religious sentiments in mind. Given the fact that the company not only enthralled the sharks and audience but also got the deal on the show, the product went on to become the talk of the town with many people now trying to find out more about it.
So, hereโs what we know about it:
More about Singh Styled
Singh Styled Business is a brand that offers quality turbans and personal care products, particularly beard care, which is a significant source of pride for the Sikh community. The company takes pride in offering items devoid of gum and alcohol to appeal to the tastes of its patrons.
The company was established by Charanjeev Singh and Rohit Sareen, and it is the first grooming and styling platform in the world that is specifically targeted toward the Sikh community and meets the demands of the contemporary Sikh gentleman.
Together with a wide selection of high-quality turban-friendly clothes, Singh Styled also sells hair and beard care items to meet the grooming requirements of its consumers. The company sells over 100 turbans, 4-5 accessories, and six different beard care SKUs.
With over 60,000 consumers served, the company has transported its goods to over 130 countries throughout the world, including India, Canada, the United Kingdom, the United States of America, Singapore, Malaysia, Thailand, Australia, and Japan.
Its experience on Shark Tank India 2
Shark Peyush gave an offer to Singh Styled company about โน50 lakhs for 20% equity, valuing the company at โน2.5 crores. However, the pitcher proposed a counter-offer of โน50 lakhs for 10% equity, valuing the company at โน5 crores.
After some negotiations, Peyush revised the offer to โน50 lakhs for 10% equity, maintaining the same valuation of โน5 crores. The deal was finalized with some conditions including Peyush having to invest an additional โน75 lakhs at the same valuation.