Entrepreneur Name- Duriya & Fatema Barodawala
Both Fatema Barodawala and Duriya Barodawala hail from Kolkata. Fatema, who used to bake for her loved ones, transformed her hobby into a profession after leaving an abusive relationship amid the COVID-19 pandemic.
Teaming up with her mother, Duriya, they became proficient technicians in the field.
While Fatema has a background in computer applications with six months of experience at Wipro, her mother, Duriya, is the head chef.
LinkedIn Profiles
| Duriya | https://www.linkedin.com/in/duriya-barodawala-32828b23a/ |
| Fatema Barodawala | https://www.linkedin.com/in/fatema-barodawala-2544ba21a/ |
| Brand Name– | Cakelicious |
| Brand Website- | https://thrivenow.in/cakelicious/browse-menu/delivery |
| Business Category– | Bakery Products |
| Company Valuation– | ₹1.25 Crore |
| Equity Asked– | ₹25 Lakhs for 5% Equity |
| Deal Closed– | Yes |
| Final Shark Tank Deal– | ₹25 Lakhs for 20% Equity, 10 Lakhs Debt @ 0% interest |
| Target City/Country- | INDIA |
| Product/Services– | Variety of Tub Cakes |
About the Product- The cakes they offer come in a variety of options, with a selection of 30 different flavors to choose from, including Mango Mondays and Walnut Wednesdays.
Additionally, customers can opt for one of three different sizes.
Conclusion–
Duriya & Fatema Barodawala asked for ₹25 Lakhs for 5% Equity but ended up closing the Deal at ₹25 Lakh for 20% Equity, 10 Lakh Debt @ 0 % interest with Shark Amit.
