1. Home
  2. / Blog
  3. / Online Business
  4. / Kalakaram: Shark Tank India Season 3

Online Business

Kalakaram: Shark Tank India Season 3

Prachi Sharma

By Prachi Sharma

  • 5 mins read
  • 31st January, 2024
Kalakaram: Shark Tank India Season 3

Introduction

Kalakaram is a brand dedicated to children's DIY kits, offering a diverse range of educational kits designed to mould young individuals into more responsive, expressive, kind, informed, and confident beings. Their focus is on enhancing creativity and imagination through a variety of DIY kits suitable for kids aged 4 to 14, spanning from beginner-friendly activities to more advanced crafts. You can also enrol in the handicraft online course at Alippo.

Founded by Chaitanya Malhotra and Kamal Malhotra, Kalakaram gained sharks' praises through the pitch on Shark Tank India Season 3. 

StartupKalakaram
FoundersChaitanya Malhotra and Kamal Malhotra
Ask₹ 50 lakhs for 2.5% equity
Final Deal₹ 60 lakhs for 6% equity
Sharks OnboardedPeyush Bansal, Namita Thapar, and Anupam Mittal

All About the Pitch

During the pitch, Chaitanya highlighted the challenges children face due to increased tech device usage, emphasizing the need for creativity revival, which became the driving force behind Kalakaram's inception.

Over the past 1.5 years, Kalakaram has successfully expanded its presence, reaching over 350 retail stores, securing listings on major e-commerce platforms, and generating sales through its website. In the Shark Tank episode, Chaitanya sought INR 50 lakhs for 2.5% equity at a valuation of INR 20 crores.

The journey and inspiration behind Kalakaram were shared during interactions with the Sharks. Chaitanya's unique approach, stemming from his family's old wholesale business, caught the Sharks' attention. Demonstrating the DIY kits further impressed the panel, leading to multiple offers. Ultimately he accepted the final deal from Peyush Bansal, Namita Thapar, and Anupam Mittal. The deal amounted to INR 60 lakhs for 6% equity at a valuation of INR 10 crores.

Takeaways from the Pitch

From the founder's pitch on Shark Tank India, several key skills and lessons can be identified:

Entrepreneurial Vision: Chaitanya showcased a clear vision for Kalakaram, emphasizing the mission to revive creativity in children. A strong entrepreneurial vision helps investors understand the purpose and potential of the business.

Problem-Solving Skills: Identifying the problem of reduced creativity in children due to technology and proposing a solution through DIY kits demonstrates strong problem-solving skills. The ability to address a significant issue and provide a practical solution is attractive to investors.

Business Acumen: Chaitanya discussed about the expansion of Kalakaram into retail stores, and e-commerce platforms, and emphasized sales growth highlighting the founder's business acumen. Understanding market dynamics and having a strategy for business development is crucial.

Product Demonstration: Chaitanya demonstrated the DIY kits, showcasing the quality and variety of products. A tangible demonstration of the product helps investors visualize its potential and quality, contributing to a more convincing pitch.

Adaptability: The founder shared the transition from an old wholesale business, illustrating adaptability and a willingness to evolve. Being open to change and adapting business strategies can be crucial for long-term success.

Negotiation Skills: Engaging with the Sharks and negotiating the terms of the deal requires effective negotiation skills. Founder, Chaitanya successfully navigated discussions with multiple Sharks and secured a favourable deal.

Confidence: Confidence in presenting ideas and responding to questions is evident in the founder's pitch. Confidence can instil trust in investors and make the pitch more compelling.

Observing these skills in the founder's pitch provides valuable insights for aspiring entrepreneurs on how to effectively present their business ideas and navigate the challenging environment of securing investment on platforms like Shark Tank.

Faq's

Frequently Asked Questions

What inspired the creation of Kalakaram's DIY kits for kids?

The founder, Chaitanya Malhotra, was motivated by the growing challenges children face with increased technology use. The aim was to revive creativity, leading to the inception of Kalakaram and its range of educational DIY kits.

Kalakaram made a successful appearance on Shark Tank India Season 3, securing a deal with investors Peyush Bansal, Namita Thapar, and Anupam Mittal. The deal involved an investment of INR 60 lakhs for 6% equity at a valuation of INR 10 crores.

Kalakaram distinguishes itself by offering a diverse range of DIY kits, from kids' activity sets to weaving and macrame kits. Since the Shark Tank pitch, the startup has expanded its presence to over 350 retail stores, and major e-commerce platforms, and continues to sell through its website.

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
Mandala Art & Craft B1
  • Handicrafts

Mandala Art & Craft B1

5 Days

₹399

₹499
20% off
Blogs

Online Business blogs that may interest you 🤩

Simple tips to help women start handicraft business from home

A handicraft business involves creating and selling handmade products crafted by skilled artisans. These products can range from textiles, pottery, jewelry, woodwork, paintings, sculptures, and various other artisanal items. Women can start their own handicraft business if they are passionate about this.

8th December, 2023

10 mins read

Empowering Women: Starting Your Own Home Décor Business

Starting a home décor business demands dedication, creativity, and a thorough understanding of your market. By implementing these strategies, aspiring female entrepreneurs can turn their passion for home décor into a successful and fulfilling business venture

9th December, 2023

7 mins read

Shark Tank India Season 2- At A Glance

The Shark Tank Hub series is a treasure trove of inspiration. Whether you are interested in baking, cooking, desserts, or product formulation, there is something for everyone in this series. So what are you waiting for? Start exploring.

29th April, 2023

5 min read

Turning Passion into Profit: How to Monetize Your Creative Skills from Home

In today's digital age, more and more people are finding ways to turn their creative skills into profitable ventures from the comfort of their homes. Whether you're an artist, writer, designer, or musician, there are numerous opportunities to monetize your passions and generate income online. This blog post will guide you through transforming your creative skills into a lucrative business venture, providing practical tips and strategies to help you succeed.

11th July, 2023

5 min read