Entrepreneur Name – Siddhant Agarwal, Ambika Agrawal, Radha Krishna Choudhary, Vinita Agrawal and Vibhor Agarwal.
About the Entrepreneurs – The company is owned by Siddhant Agarwal, Ambika Agrawal, Radha Krishna Choudhary, Vinita Agrawal, and Vibhor Agarwal.
RK Chaudhary, who hails from Bihar, completed his commerce degree there. Siddhant is responsible for the company’s operations, while Ambika handles marketing and has a personal following of 400,000 on Instagram. Ambika, Vinita, and Vibhor collectively own 33.3% equity in the company.
| Brand Name | Avimee Herbals |
| Brand Website | https://avimeeherbal.com/ |
| Business Category | Ayurvedic Products |
Innovation – No
| Company Valuation | 56 Crores |
| Equity Asked | ₹2.8 cr for 0.5% Equity |
| Deal Closed | No |
| Final Shark Tank Deal | ₹1 cr for 2.5% Equity and ₹1.8 cr Debt |
| Target City/Country | Worldwide |
| Total Addressable Market | INR 515.5 Billion |
| Product | Ayurvedic Products |
About the Product – Avimee is a company that combines traditional Ayurvedic knowledge with modern science to create a line of hair care and skin care products. They began their venture in 2021 and now offer 27 products in the market with a goal to address common hair and skin concerns.
Their best-selling product, Kesh Pallav oil, accounts for 50% of their total sales, while 30% of sales come from their hair tone spray, with the remaining 20% coming from other products. They currently rank 9th on Amazon’s bestseller list. The company has a repeat rate of 32%.
Conclusion –
Siddhant Agarwal, Ambika Agrawal, Radha Krishna Choudhary, Vinita Agrawal and Vibhor Agarwal asked ₹2.8 cr for 0.5% Equity. Shark Amit offered ₹1 cr for 2.5% Equity and ₹1.8 cr Debt. The owners were not convinced. It concluded in No Deal.
