Entrepreneur Name;- Vishakha Bhaskar and Asana.
About the Entrepreneur;- The company “Angrakh” has two co-founders, namely Asana Riamei and Vishakha Bhaskar. Asana Riamei hails from Tamenglong district, Mirpur and came to Delhi to pursue her studies. Alongside her studies, she had to work to support herself. During her employment at a fashion-related company, she became interested in the fashion industry, which was a passion she had since childhood. On the other hand, Vishakha Bhaskar completed an honors degree in economics from Sri Ram college of commerce. In her second year of studies, she began writing blogs on fashion, covering topics on both normal and plus size fashion. Eventually, while working at a fashion company, she met Asana and together they decided to start their own company.
Brand Name;- Angrakhaa
Brand Website;- https://www.angrakhaa.com/
Business Category;- Women’s Size-Inclusive Clothing
Innovation;- Yes, Angrakhaa Women’s Clothing Store aims to offer women’s clothing in all sizes with the latest fashion trends.
Company Valuation;- ₹2 Crores.
Equity Asked;– ₹40 Lakhs for 5% Equity
Deal Closed;– Yes
Final Shark Tank Deal;– ₹40 Lakhs for 20% Equity
Target City/Country;- Worldwide.
Total Addressable Market;- 147 billion Indian rupees
Product;- Women’s Clothing.
About the Product;– Angrakhaa is a clothing brand that prioritizes size-inclusivity and offers trendy and fashionable clothing options across all sizes. Their product categories include dresses, skirts, co-ord sets, and Indian wear. Angrakhaa also specializes in customization and does not charge customers extra based on their size, as they aim to eliminate the ‘fat tax’ that many other brands impose. The company has successfully fulfilled over 10,000 orders and has amassed a social media following of over 55,000 users. While their goal is to become a global brand that is inclusive of all sizes, they do not identify as a plus-size brand. Instead, they aim to spread awareness about the issue of size inclusivity in the industry. Customers can only purchase Angrakhaa products from their own website.
Conclusion;–
Visakha and Asana asked ₹40 Lakhs for 5% Equity. Shark Amit offered ₹40 Lakhs for 20% Equity. It concluded in a successful deal.
