Entrepreneur Name – Priyanka & Akash Mehta
About the Entrepreneur;- Akash and Priyanka Mehta, a married couple from Indore who has known each other for 22 years, recognized that the chaos in their lives after the birth of their first child was not unique to their household, but rather a common issue faced by many families.
As a result, they launched a business that specializes in organizing products.
LinkedIn Profile –
| Priyanka | https://www.linkedin.com/in/priyanka-mehta-bb593519b/ |
| Akash Mehta | https://www.linkedin.com/in/akash-mehta-37212232/ |
| Brand Name | Homestrap |
| Brand Website | www.homestrap.com |
| Business Category | Cupboard Organisers |
| Company Valuation | 7.14 Crores |
| Equity Asked | 70 Lakh For 1% Equity |
| Deal Closed | Yes |
| Final Shark Tank Deal | 50 Lakh for 7% Equity, 20 Lakh debt @ 10 % |
| Target City/Country | India |
| Product/Services | Cupboard Organizer |
About the Product – Homestrap was created to address this issue by offering a range of products that assist in organizing cluttered wardrobes.
Their product line includes Saree Organisers, Shirt Stackers, Clothes Organizers, Jewellery Organisers, Shoe Organisers, and more.
Conclusion –
Priyanka & Akash Mehta asked for 70 Lakh For 1% Equity but the deal closed for 50 Lakh for 7% Equity, 20 Lakh debt @ 10 % with Shark Anupam Mittal.
