Entrepreneur Name – Puneet & Shaan
About the Entrepreneur – The CEO of the company, Puneet Sehgal, hails from Mumbai, while the marketing operations and CMO, Shaan Shah, is from Ahmedabad and comes from a textile business background.
With the support of his family, Shaan and his uncle Sachin began gathering fabric and raw materials to create their own products.
Meanwhile, Puneet worked as the chief operating manager at Nykaa until he crossed paths with Shaan. Recognizing the potential of a partnership, the two decided to embark on a venture together.
LinkedIn Profiles
| Puneet | https://www.linkedin.com/in/puneet-sehgal-b1027011/ |
| Shaan | https://www.linkedin.com/in/shaan-shah/ |
| Brand Name– | Freakins |
| Brand Website- | Freakins |
| Business Category– | Denim Brand |
| Company Valuation– | ₹25 Crore |
| Equity Asked– | ₹70 Lakhs for 1% Equity |
| Deal Closed– | Yes |
| Final Shark Tank Deal– | ₹50 Lakhs for 2% Equity, 20% Debt @ 12% interest |
| Target City/Country- | India |
| Product/Services– | Denim Apparel |
About the Product – Freakins is a denim brand that prides itself on introducing a new collection of styles each week, catering to women of all body types and sizes.
As a brand focused on the GenZ demographic, they offer over 35 categories and an impressive 1500 styles to choose from.
Conclusion –
Puneet & Shaan asked for 1% Equity and ended up closing the Deal for 50 Lakhs for 2% Equity and 20% Debt @ 12% interest with Shark Vineeta.
