Entrepreneur Name;- Parina & Punya Chugh
About the Entrepreneur;- Parina Chugh and Puniya Chugh are sisters hailing from Gurgaon. Their father previously ran a business in Guwahati which was negatively affected by the implementation of GST, leading their family to face financial difficulties.
It was during this time that the two sisters identified an opportunity in the market for loungewear that was not yet being produced.
In 2017, they took the plunge and started their own loungewear brand, which has since seen great success.
LinkedIn Profile: https://www.linkedin.com/in/punya-chugh-04893b1a4/
| Brand Name– | Midnight Angles by PC |
| Brand Website- | https://midnightangelsbypc.com/ |
| Business Category– | Lounge Wear and Travel Wear |
| Company Valuation– | ₹1.25 Crore |
| Equity Asked– | ₹75 Lakhs for 6% Equity |
| Deal Closed– | Yes |
| Final Shark Tank Deal– | ₹25 Lakhs for 20% Equity, 50 Lakhs Debt |
| Target City/Country- | INDIA |
| Product/Services– | Lounge Wear and Travel Wear |
About the Product;- Midnight Angles is a loungewear brand that produces night dresses suitable for wearing both indoors and outdoors.
Conclusion;–
Parina & Punya Chugh asked for ₹75 Lakhs for 6% Equity but ended up closing the Deal at ₹25 Lakhs for 20% Equity with Shark Anupam & Peyush.
