Entrepreneur Name – Vaibhav Sutariya, Shruti Sutariya, Khyati Sutariya
About the Entrepreneurs – Hobby India was founded by Vaibhav Dilipbhai Sutariya, Shruti Vaibhav Sutariya, and Khyati Dilipbhai Sutariya.
| Brand Name | Hobby India |
| Brand Website | https://hobbyindia.store/ |
| Business Category | Art and Craft |
Innovation – Yes, Amid the lock down period, people have been exploring their hobbies, leveraging the opportunity to indulge in their passions.
As individuals possess unique creativity and preferences for art, Hobby India, an art brand, offers a wide range of art, craft, and DIY products to cater to the diverse interests of its customers.
| Company Valuation | ₹16.67 Crores |
| Equity Asked | ₹50 lacs for 3% equity |
| Deal Closed | No |
| Final Shark Tank Deal | 50 lacs for 15% equity |
| Target City/Country | India |
| Total Addressable Market | US$ 3,968.0 Million |
| Product | Art and Craft |
As children, many of us were drawn to painting and art, and some of us even tried our hand at drawing on the walls of our homes.
However, as we grew up, we often forgot about these skills. Hobby India is an art brand that offers a wide range of art, craft, and DIY products, with over 5000 products and 15000 product variants, making it a one-stop shop for all your creative needs.
In the last 8 months, they have delivered more than 22,000 products to 12,000 customers. Their goal is to become India’s top art and craft customized store, reaching every artist in the country, and they are available on their own website.
The company is made up of a team of 28 women employees and can process up to 80 orders per day.
Conclusion –
Vaibhav Sutariya, Shruti Sutariya, and Khyati Sutariya asked ₹50 Lakhs for 3% Equity, and Shark Veenita and Amit gave a combined offer of 50 lakhs for 20% equity.
Owners give a counteroffer of 50 lacs for 4% equity. Vinita and Amit give a final offer of 50 lacs for 15% equity. Owners rejected. It concluded in No Deal.
