Very Much Indian is a startup featured in Shark Tank India Season 2, which focuses on promoting the traditional culture of India, sarees. Sarees have been an essential part of the cultural heritage of India and still hold a very significant value for women. Sarees are the go-to outfit for women for festivals, marriages, or any special occasion. There is a wide range of colors and fabrics in sarees that are available. However, the silk saree is the most loved in India.
Very Much Indian is a startup based in Maharashtra and represents Paithani sarees worldwide. This startup aims at improving the demand and uplifting the culture of Paithani sarees and Paithani weavers. Supposedly, these sarees are 2000 years old and are considered to be the “Queen of Silk Sarees.” Moreover, this business has a target to enter the market of sarees in India with a worth of 38,000 Crores.
The company's founder is Slony Baldev Gambir from Yelo, Maharashtra. She has seen her family practicing the fabric business. Hence, she became interested in the industry and eventually got much experience since she was young. She is an MBA graduate who has worked in corporate for over 12 years and started her venture in 2018. Initially, she had just 25 weavers working under her, which has now increased to 400 weavers. Her husband works in a bank and greatly supports her endeavors.
The startup Very Much Indian aims to raise 50 lakhs for 3 percent of the company at a valuation of 16.67 Crores. She states that she wants the people to indulge in the traditional culture of India. Furthermore, she mentions that her family business helped her start her venture. The production of the sarees is ultimately handed out, and it takes almost 2.5 months to complete the order. The revenue of this company in the year 2022-23 has been two crores. After pitching their deal, Namita Thapar and Aman Gupta showed interest in the startup. Both of them offered 50 lakhs for 10% of the company. Eventually, Slony Baldev Gambir accepted the offer at a five crore valuation. Namita Thapar was the first one who showed interest in the company. Since Slony Baldev Gambir belongs to a family owning a fabric business, so they would get low prices for raw materials. Also, the company's revenue increased yearly, which seemed like a profitable deal.