Entrepreneur Name – Karan & Pranav Korke
About the Entrepreneur – Pranav Korke and Karan Korke, who hail from Pune, are both cousins and brothers. Pranav, who was born in Nagpur, completed his schooling and commerce degree in Pune’s SP College before pursuing his master’s in finance and CPA in Australia.
With the goal of working independently upon his return to India, he embarked on the venture.
Karan, who grew up with Pranav in Nagpur, later obtained his MBA in marketing from Symbiosis University in Pune before joining his cousin/brother to launch their business.
LinkedIn Profiles
| Karan | https://www.linkedin.com/in/karan-korke-a454063b/ |
| Pranav Korke | https://www.linkedin.com/in/pranavkorke/ |
| Brand Name– | The Healthy Binge |
| Brand Website- | https://www.healthybinge.co.in/ |
| Business Category– | Healthy Snacks |
| Company Valuation– | ₹10 Crores |
| Equity Asked– | ₹50 Lakhs for 5% Equity |
| Deal Closed– | Yes |
| Final Shark Tank Deal– | 50 Lakhs for 5% Equity |
| Target City/Country- | India |
| Total Addressable Market- | ₹38,603 Crores |
| Product/Services– | Gluten-free Snacks |
About the Product – Healthy Binge is a snack manufacturing company that utilizes ingredients such as jowar, bajra, millets, ragi, and quinoa in their products.
Their snacks are rich in dietary fiber, iron, protein, and calcium, which are equivalent to two apples, a bunch of spinach, an egg, and half a glass of milk, respectively.
Moreover, all of their products are baked and contain zero cholesterol.
While other snacks typically contain around 280 kcal, Healthy Binge’s products only have 180 kcal. The company’s unique selling points include its 100% vegetarian, gluten-free, trans-fat-free, and maida-free products. Additionally, their snacks do not contain palm oil and are 100% baked.
Conclusion –
Karan & Pranav Korke asked 50 Lakhs for 5% Equity. Sharks Aman & Peyush agreed to the deal at 50 Lakhs for 5% Equity. It concluded in a successful deal.
