Have a look at the biography of Pallavi Luharuka, the Founder of Bhavisya Plast
Know all details about Pallavi Luharuka and her organization Bhavisya Plast, which got positive feedback from all of the Shark Tank judges
Who is Pallavi Luharuka of Kolkata, Founder of Bhavisya Plast on Shark Tank India season 4, biography, education, company valuation and deal
Pallavi from Kolkata, is the Founder and CEO of Royal Bengal Greentech Private Limited and is a gold Medalist in Chemical Engineering from the Jadavpur University, a Cost Accountant and an MBA from IGNOU which she did from 2018-2020. She had done her schooling from Ashok Girls’ Higher Secondary School. She spent 10+ yrs with leading MNCs like Honeywell and Grace before starting RBG in 2022 and holds 5 patents, two out of which are with RBG.
RBG has been able to get one patent granted (PCT filed), one patent filed, one trademark registered, one trademark applied, develop, launch and commercialize GREEZE/GREEZOL – 100% eco-friendly lubricants (zero petroleum, zero animal fat) for 360 degree sustainability solution for industrial as well as automotive sector, achieve breakeven within 6 months of manufacturing, convert RBG into an award-winning startup with accolades like the Tata Social Enterprise Challenge (Thematic Prize) Winner 2024, TiE50 Global Winner, Silicon Valley USA, Maruti Suzuki Idea Hunt Winner, 2024, GoI & DST Nominee for ASEAN Malaysia, 2023, the only Indian start-up to be nominated by the US Department of State for Tech Summit in Taiwan, 2023, AWE India champion 2023, TiE Women Global Pitch Competition Finalist 2023 and is now ready to commercialize BhavisyaPlast – Bioplastic of the future.
Pallavi Luharuka, the founder of Bhavisya Plast, had arrived to present her biodegradable plastic innovation, but what unfolded was an intense competition among the sharks, each eager to invest in her venture. By the end of the episode, she had established herself as the true shark in the tank. Her company, Bhavisya Plast, was introduced as a pioneer in developing eco-friendly bioplastics made from agricultural waste, with the material demonstrating both heat and water resistance.
It was explained that the innovation had emerged unexpectedly during a research project with Jadavpur University, which initially aimed to convert waste rice into ethanol. The same waste had eventually been repurposed as the raw material for her patented plastic. While Namita Thapar acknowledged the potential of the idea, she was heard describing it as a promising yet small-scale initiative.
🚀Meet #PallaviLuharuka, an exceptionally brilliant young lady with a zeal to make her mark as a business woman in the male dominated domain of chemical engineering! When I first met her at our Kolkata Boot Camp #AWE3.0, I was greatly impressed by her #passion and #hunger to set… pic.twitter.com/A6XKxGGMQw
— a_ray_of_hope 🇮🇳🇮🇳 (@NG_AROH) March 17, 2025
How Pallavi Luharuka convinced the Shark Tank judges?
During her pitch, Pallavi sought an investment of ₹50 lakh for 1.5% equity, valuing her company at ₹30 crore. She highlighted existing collaborations with major corporations such as Maruti Suzuki and Berger Paints, while also emphasizing that her products had applications beyond plastic, offering cost-effective alternatives to conventional paints and emulsions.
As discussions progressed, tensions rose among the sharks, with Namita requesting the others to allow Pallavi time to think. Meanwhile, Aman Gupta cautioned her against being swayed by multiple opinions. Chirag Nakrani and Anupam found themselves in a debate over who could provide better mentorship, with Chirag emphasizing his ownership of four factories, while Anupam countered by offering to double her requested amount, proposing ₹1 crore instead. When Aman inquired why investors had not already approached her, Pallavi calmly responded that they had, revealing that she had even declined a ₹10 crore buyout offer.
As the negotiations intensified, all four sharks—Aman, Anupam, Chirag, and Namita—agreed to offer ₹50 lakh for 1.5% equity each. However, Namita initially appeared hesitant to collaborate with the others. Pallavi, however, was firm in her stance, making it clear that she preferred a four-shark partnership. After some deliberation, Namita eventually agreed. The final agreement was reached at ₹2 crore for 10% equity—four times the investment Pallavi had originally proposed.
#womenentreprenuer @AROHFoundation
Join us in applauding Pallavi Luharuka, our alumna from the Academy for Women Entrepreneurs (AWE) 3.0 cohort, as we mark Micro, Small, and Medium-sized Enterprises Day.
Pallavi has bagged the prestigious Kolkata Entrepreneurs Award in the… pic.twitter.com/dtMFnF09jG
— a_ray_of_hope 🇮🇳🇮🇳 (@NG_AROH) June 27, 2023