Do you love chocolates but struggle to find gluten-free options? Look no further than Lil Goodness! Their range of gluten-free chocolates provides a guilt-free and delicious way to satisfy your sweet tooth.
Lil Goodness’ chocolates are not only gluten-free but also made with high-quality ingredients to ensure maximum taste and satisfaction. Each product is designed to cater to different tastes and preferences, ensuring that there is something for everyone.
Chocolate Business In India(Case Study)
Their commitment to using only the best ingredients ensures that each chocolate bar is not only delicious but also nutritious. Whether you want to indulge in a sweet treat or are looking for a healthy snack, Lil Goodness has got you covered.
Imagine having gluten-free chocolate that is not only tasty but also nutritious. Lil Goodness provides just that. Their chocolates are made with high-quality ingredients, ensuring that you get maximum taste and satisfaction with every bite.
Lil Goodness’ commitment to providing gluten-free chocolates that are delicious and healthy ensures that you no longer have to compromise on taste or health. With their range of gluten-free chocolates, you can indulge in a sweet treat while taking care of your health and dietary needs.
Visit the Lil Goodness website or check out their stores to explore their range of gluten-free chocolates. With their unique and high-quality products, and commitment to health and taste, Lil Goodness is the perfect brand for those who want to indulge in a guilt-free and delicious chocolate experience.
Don’t miss out on the opportunity to have a gluten-free chocolate that satisfies your sweet tooth with Lil Goodness.
Entrepreneur Name – Damanbir Singh and Harshvardhan
About the Entrepreneur – The company’s founders are Damanbir Singh, who hails from Chandigarh, and Harshvardhan, who is from Kerala. Harshvardhan and Peyush were schoolmates. Damanbir owns 8% of the company’s equity, while Harshvardhan owns 24%.
LinkedIn Profiles –
| Damanbir Singh | https://www.linkedin.com/in/damanbir-singh-a0807715/ |
| Harshvardhan | https://www.linkedin.com/in/harsha1985/ |
| Brand Name– | Lil Goodness |
| Brand Website- | https://lilgoodness.com/ |
| Business Category– | Chocolates |
| Company Valuation– | ₹50 Crores |
| Equity Asked– | ₹1 cr for 1% Equity |
| Deal Closed– | Yes |
| Final Shark Tank Deal– | ₹50 Lakhs for 1% Equity & ₹50 Lakhs Debt |
| Target City/Country- | Worldwide |
| Total Addressable Market- | USD 1.72 billion in 2021 |
| Product/Services– | Gluten-free Chocolates |
About the Product – Lil Goodness utilizes ethnic and traditional ingredients like teff sourced from Africa, turmeric from India, and special plant fiber extracted from chicory roots to craft their products.
These components are combined with beloved chocolate to create a fusion of modern and traditional elements.
Their line of products offers a variety of benefits such as the prebiotic milk chocolate with turmeric and 35% less sugar, which cleverly masks the cumin flavor in the chocolate.
Additionally, Lil Goodness uses 100% cocoa butter in their products. Their Teff Puff is made up of 23% teff, 23% quinoa, and 45% super grains. Furthermore, their Oats Milkshakes contain 50% less sugar.
Conclusion –
Damanbir Singh and Harshvardhan proposed a deal to offer 1% equity in exchange for ₹1 crore.
However, when Shark Peyush presented an offer of 50 lakhs for 1% equity and an additional 50 lakhs as debt at a 12% interest rate, the owners made a counteroffer of 50 lakhs for 1% equity and 50 lakhs debt at a lower 10% interest rate.
After negotiation, the final agreement was settled with Shark Peyush for 50 lakhs at 1% equity, and an accompanying 50 lakhs of debt at a reduced interest rate of 10%.
