Entrepreneur Name;- Madhur Rathi, Ashish Modak, Bhushan Boob, Roshan Pidiyar
About the Entrepreneur;- Econiture was founded by childhood friends Madhur Rathi, Ashish Modak, Bhusan Boob, and Roshan Pidiyar, all hailing from Maharashtra. It all began with Madhur, who completed his engineering studies at Nagpur college before pursuing an MBA at Wellington College, Bangalore.
It was at a waste management conference during his time in Bangalore that Madhur was inspired by the US-based company, Waste Management Inc., which generates profits through waste recycling.
LinkedIn Profile – https://www.linkedin.com/in/madhur-rathi-01b37820/
| Brand Name | Econiture |
| Brand Website | https://www.econiture.com/ |
| Business Category | Furniture From Plastic Wastes |
Innovation – Yes, Econiture furniture boasts greater strength and durability compared to traditional wood furniture, resulting in longer-lasting and aesthetically pleasing furniture. As an environmentally friendly product, Econiture furniture stands out for its resistance to rotting and rusting.
| Company Valuation | Will Update Soon |
| Equity Asked | ₹50 Lakhs for 8% Equity |
| Deal Closed | No |
| Final Shark Tank Deal | No Deal |
| Target City/Country | India |
| Product | Furniture Made Up Of Recycled Plastic Wastes |
About the Product – Econiture specializes in creating furniture from 100% recycled plastic waste, resulting in products that are robust, distinctive, and long-lasting. By utilizing recycled plastic, Econiture aims to minimize the negative impact of meta-mining and deforestation.
To date, they have converted over 20,000 kg of plastic waste into Econiture furniture, which is available for purchase on their own website as well as through marketplaces like Amazon and The Wooden Sheet.
The company has successfully delivered 1800 products to 1200 customers across 25 Indian states. Their vision is to establish Econiture as a global sustainable brand, and they began their journey in 2017.
Conclusion –
Ashish Modak, Bhushan Boob, Madhur Rathi, and Roshan Pidiyar asked ₹50 Lakhs for 8% Equity. None of the sharks were interested in the deal It concluded in No Deal.
