Entrepreneur Name- Mohit Bhatia and Ashish Bhatia
About the Entrepreneur- The founders of the company are Mohit Bhatia and Ashish Bhatia, hailing from Mumbai and with a family background in the food and beverage industry.
LinkedIn Profile- https://www.linkedin.com/in/bhatia-ashish/
| Brand Name– | Malaki |
| Brand Website- | https://malaki.in/ |
| Business Category– | Beverage |
| Company Valuation– | ₹16.67 Crores |
| Equity Asked– | ₹50 Lakhs for 1% Equity |
| Deal Closed– | Yes |
| Final Shark Tank Deal– | ₹50 Lakhs for 3% Equity |
| Target City/Country- | India |
| Total Addressable Market- | US$2635.00m in 2027 |
| Product/Services– | Sparkling Water & Ginger Ale |
About the Product- Malaki is a popular Indian beverage brand that offers a variety of drink mixtures made from locally sourced ingredients and natural resources, catering to individual preferences.
Their product range includes Tonics, Ginger Ale, Sparkling Water, and Coffee Tonics.
One of their signature products is the Spice Ginger Ale, which is made using a secret family recipe that has been passed down for 60 years.
The company was established in 2018 and currently distributes its products through over 500 HoReCa outlets, as well as various e-commerce platforms such as Swiggy and Zomato.
The sparkling water market in India is valued at ₹150 crores, and Malaki aims to become a leader in this category.
The brand was selected as one of 15 Indian brands to feature in the Singapore Airlines Business Class. They plan to expand their reach to 19 cities through Swiggy and Pune in the coming month.
Conclusion–
Mohit Bhatia and Ashish Bhatia initially proposed an investment of ₹50 lakhs for 1% equity. Shark Anupam offered ₹50 lakhs for 5% equity.
Peyush and Aman offered a combined investment of ₹50 lakhs for 3% equity. The owners countered with a proposal of ₹50 lakhs for 2.5% equity.
Ultimately, the deal was finalized with Peyush and Aman investing ₹50 lakhs for 3% equity in the company.
Malaki Shark Tank India Review