Online Business

Bhaskar’s Puranpoli : Shark Tank India Season 2

Avni Dubey

By Avni Dubey

  • 8 min read
  • 10th April, 2023
Bhaskar’s Puranpoli : Shark Tank India Season 2

The anticipation was palpable as the founders of Bhaskar's Puranpoli Ghar made their way onto the set of Shark Tank India Season 2. Vittal Shetty, Saurabh Chowdhary, and Bhaskar KR had come a long way since Bhaskar's humble beginnings selling puran poli on cycles in Bangalore. With four outlets in Mumbai, and plans to expand to over 100 outlets across the country, the founders were looking for an investment to help them achieve their vision.

As the sharks listened to the founders' pitch, they were impressed by the variety of puran poli on offer - from coconut to carrot, and even badam and dates. The fact that the puran poli contained no chemicals or added preservatives was also a major plus. The sharks were further impressed by the fact that the company had already achieved sales of 18 crores, with a profit margin of 20%. The founders' ask of 75 lakhs for 1% equity at a valuation of 75 crores seemed reasonable, given the company's potential for growth.

However, as the sharks began to ask more probing questions, it became clear that there were some potential pitfalls. For example, the fact that the company had already opened seven outlets in Bangalore raised concerns about saturation in that market. Furthermore, the fact that the founders were only offering a 5% loyalty share to franchisees seemed low, and could lead to difficulties in recruiting new franchises in the future.

Despite these concerns, the sharks were intrigued by the potential of Bhaskar's Puranpoli Ghar. With 24 varieties of puran poli on offer, and plans to expand to over 100 outlets across the country, the company seemed poised for success. However, as the sharks began to discuss potential deals, it became clear that they were unable to agree on terms. Some of the sharks were hesitant to invest in a company that was already operating in a crowded market, while others were concerned about the founders' lack of experience in managing a large franchise operation.

Despite their disappointment, the founders of Bhaskar's Puranpoli Ghar remained optimistic about the future of their company. With sales of 18 crores and a profit margin of 20%, the company was already a success. Moreover, the fact that they had been able to open four outlets in Mumbai, with plans for over 100 more across the country, was a testament to their tenacity and drive.

In the end, the failure of Bhaskar's Puranpoli Ghar to secure a deal on Shark Tank India Season 2 was a reminder that even the most promising businesses face challenges on the road to success. However, the fact that the founders were able to present their company to a national audience, and generate interest from potential investors, was a major accomplishment in itself. With their commitment to quality and innovation, and their plans for ambitious expansion, it seems likely that Bhaskar's Puranpoli Ghar will continue to grow and thrive in the years to come.

ALIPPO LEARNINGS:

Here are some key learnings that new businesses can take away from the story of Bhaskar's Puranpoli Ghar:

  1. Focus on quality: One of the key reasons for Bhaskar's Puranpoli Ghar's success is the quality of their product. They use natural ingredients and avoid chemicals and preservatives, which sets them apart from their competitors. As a new business, it's important to prioritize quality and make sure that your product or service stands out in the market.
  2. Be innovative: Bhaskar's Puranpoli Ghar offers a wide variety of puran poli flavors, which has helped them attract customers and generate interest in their brand. When starting a new business, it's important to think creatively and come up with unique ideas that can set you apart from competitors.
  3. Don't be afraid to start small: Bhaskar's Puranpoli Ghar started out by selling puran poli on cycles in Bangalore, before gradually expanding to more outlets and franchises. Starting small can help you test the waters and refine your product or service before committing to larger investments.
  4. Have a clear vision: Bhaskar's Puranpoli Ghar's founders had a clear vision for their company from the beginning - to offer high-quality puran poli in a variety of flavors, and to expand to over 100 outlets across the country. Having a clear vision can help you stay focused and make strategic decisions for your business.
  5. Be prepared for challenges: Despite their success, Bhaskar's Puranpoli Ghar faced challenges in securing an investment on Shark Tank India Season 2. As a new business, it's important to be prepared for challenges and setbacks, and to have a plan in place for how to address them.

Overall, the story of Bhaskar's Puranpoli Ghar highlights the importance of quality, innovation, and strategic planning in building a successful business. By focusing on these key areas, new businesses can set themselves up for long-term success and growth.

Faq's

Frequently Asked Questions

What is Bhaskar's Puranpoli Ghar?

Bhaskar's Puranpoli Ghar is a company that specializes in making and selling puran poli, a traditional Indian dessert, in various flavors. The company has four outlets in Mumbai and plans to expand to over 100 outlets across the country.

The founders of Bhaskar's Puranpoli Ghar asked for 75 lakhs for 1% equity at a valuation of 75 crores on Shark Tank India Season 2.

Some of the concerns raised by the sharks during the pitch were the potential saturation of the market in Bangalore, the low loyalty share offered to franchisees, and the founders' lack of experience in managing a large franchise operation.

At the time of the pitch, Bhaskar's Puranpoli Ghar had achieved sales of 18 crores and a profit margin of 20%.

No, Bhaskar's Puranpoli Ghar did not secure a deal on Shark Tank India Season 2. The sharks were unable to agree on terms, but the founders remained optimistic about the future of their company.

Courses

Did you find this blog useful? 😁

If you would like to learn more about Category, you can enroll in our category courses.

Recorded
5.0
Veg Cooking B6 - Thali Special
  • Cooking

Veg Cooking B6 - Thali Special

5 Days

₹199

₹199
Blogs

Online Business blogs that may interest you 🤩

Gunjan Apps Studio: Shark Tank India Season 2

In conclusion, the GunjanApps Studios founders' appearance on Shark Tank India Season 2 was a testament to their hard work and dedication. They were able to showcase the potential of their company and the impact it can have on the gaming industry for kids.

24th March, 2023

5 min read

Hoovu: Shark Tank India Season 2

The all-new Shark Tank India has come up with its season 2 on 2nd January 2023. With a new set of sharks this season, all the start-ups are ready to pitch their business ideas and get a perfect deal.

18th February, 2023

3 Min Read

Patil Kaki: Shark Tank India season 2

Furthermore, the fact that Patilkaki has managed to reach 18,000 customers and has the vision to deliver their homemade snacks to pan India is a sign of their ambition and potential for growth. The company's ability to generate revenue and profits and the fact that they have received investments from successful entrepreneurs indicate a promising future for the business.

24th March, 2023

5 Min read

Recode Studios: Shark Tank India Season 2

The entrepreneurs show Shark Tank India has come up with Season 2 with sharks like Namita Thapar, Aman Gupta, Peyush Bansal, Vineeta Singh, Amit Jain, and Anupam Mittal. In the new season’s first episode, a product-based company called Recode Studios came to pitch their deal.

18th February, 2023

2 Min Read

Simply Salad: Shark Tank India Season 2

the Simply Salad's success on Shark Tank India is a reminder of the potential for innovative food options and the growing demand for healthy and tasty meals. For housewives looking to start or grow their businesses, Alippo offers a unique opportunity to showcase their skills, build a customer base, and turn their passion into profit.

24th March, 2023

5 min read

Spice Story: Shark Tank India Season 2

Spice Story's journey is an inspiration to entrepreneurs everywhere. Mukherjee's perseverance and dedication to his vision have paid off, and he has created a successful brand that is not only profitable but also promotes Indian culture and supports local farmers.

24th March, 2023

8 min read