Entrepreneur Name – Ayush Varma
About the Entrepreneur – Ayush Varma hails from Amravati, Mumbai, and moved to the city to pursue a degree in computer science engineering.
Upon completing his studies, he made the decision to forego a job opportunity.
LinkedIn Profile – https://www.linkedin.com/in/ayush-varma-471a3ab6/
| Brand Name | Ravel |
| Brand Website | https://www.ravelcare.com/ |
| Business Category | Hair Care Products |
Innovation – No
| Company Valuation | ₹7.5 Crores |
| Equity Asked | ₹75 Lakhs for 2.5% Equity |
| Deal Closed | Yes |
| Final Shark Tank Deal | ₹75 Lakhs for 2.5% Equity |
| Target City/Country | India |
| Total Addressable Market | US$2.96bn |
| Product | Hair Care Product |
About the Product – Ravel is a brand renowned for crafting personalized hair care solutions tailored to specific hair types, objectives, and more.
Their products are devoid of harmful ingredients like sulphates and parabens. Since its launch in January 2021, they have successfully catered to the needs of over 200,000 customers.
Conclusion –
Ayush Varma asked ₹75 Lakhs for 2.5% Equity. Shark Anupam Mittal offered ₹75 Lakhs for 10% Equity. It concluded in a successful deal.
Ravel Shark Tank India Review