Are you tired of the same boring soups every day? Do you crave a delicious and unique soup experience? Look no further than SoupX!
SoupX Shark Tank India Review:- Their brand offers a variety of soups, each carefully crafted with the freshest ingredients and unique flavor combinations. From classic tomato soup to spicy Thai-inspired soups, there’s something for everyone to enjoy.
Healthy Soup Business in India(Case Study)
But SoupX Shark Tank India isn’t just about the taste. Their soups are also packed with nutrients and vitamins, making them a healthy choice for any meal. Plus, with their convenient packaging, you can enjoy a delicious bowl of soup on the go or at home in just minutes.
Don’t settle for bland, uninspired soups any longer. Try SoupX Shark Tank India today and experience the difference in taste and quality. Visit their website or order through your favorite online grocery store to get your hands on SoupX soups.
Entrepreneur Name – Priyank Jain & Uttam Lahera
About the Entrepreneur – The company was founded by Priyank Jain and Uttam Kumar, who are respectively 25 and 24 years old.
Uttam holds a degree in engineering from IIIT and has completed a summer exchange program in entrepreneurship from ISB Hyderabad. His current role at SoupX Shark Tank India involves overseeing technology and operations.
Priyank, on the other hand, has an MBA from the Indian Institute of Foreign Trade. Before this, he had worked with Deloitte and later in the treasury department of a prominent global bank.
LinkedIn Profile- https://www.linkedin.com/in/priyank-jain-01202ab2/
| Brand Name– | SoupX |
| Brand Website- | https://linktr.ee/soupx |
| Business Category– | Soup |
| Company Valuation– | ₹2.78 crores |
| Equity Asked– | ₹75 Lakhs for 6% Equity |
| Deal Closed– | Yes |
| Final Shark Tank Deal– | ₹50 Lakhs for 18% Equity, 12 Debt @ 12% interest |
| Target City/Country- | India |
| Product/Services– | Healthy Soup |
About the Product – The company specializes in producing nutritious soups designed to substitute meals based on one’s fitness objectives.
Their offerings include freshly prepared soups that are calorie-counted and free of artificial preservatives, with a menu that is curated and planned by their chef and nutritionist.
Following five months of market testing, the company launched in December 2021 and now boasts over 99 varieties of healthy soups. Customers can choose to purchase on-demand or subscribe to the service.
Conclusion –
Priyank Jain & Uttam Lahera asked for ₹75 Lakhs for 6% Equity Aman, Namita, Peyush, and Anupam withdrew from the deal, while Vineeta proposed to acquire 20% equity of the company for ₹50 lakhs and extend a loan of ₹25 lakhs at a 12% interest rate.
In response, the founders offered a counterproposal of 18% equity in exchange for ₹50 lakhs along with the debt.
The final deal was closed with Vineeta at 50 lakhs for 18% equity and ₹25 lakhs debt at 12% interest.
