Founders: Chhavi Singh and Shekhar Godiyal
Shark Tank Deal: ₹50 lakhs for 2% equity
Sharks who invested: Namita Thapar
Shark Tank Season: Season 2
Nestroots, founded in 2016 by Chhavi Singh and Shekhar Godiyal, is a Gurugram-based home décor and lifestyle brand offering a diverse range of products, including furniture, kitchenware, dining accessories, and furnishings.
In Shark Tank India Season 2, the founders proposed an investment of ₹50 lakhs for 1% equity, placing the company’s valuation at ₹50 crores. Their pitch highlighted the brand’s extensive product range, strong sales figures, and vision to become a leading home décor brand in India. After deliberation, Namita Thapar offered ₹50 lakhs for 2% equity.
Following the investment, Nestroots reported monthly sales averaging ₹1.1 crore, with 75% of sales coming from online marketplaces and 25% from their website. Their gross margin stands at 70-75%, with a net profit margin of 16-19%. In December 2023, Nestroots raised an additional ₹3 crore in a pre-seed funding round led by Beyond Seed Singapore, aiming to enhance their online presence and expand into international markets, including the US, Canada, and the UAE, over the next five years.
Turning Ideas into Icons: Lessons from Shark Tank India
The brands highlighted above didn’t just pitch; they made a mark. Shark Tank India proves that with the right mix of innovation, strategy, and execution, even the simplest ideas can disrupt entire industries.
If these stories have taught us anything, it’s that great things happen when preparation meets opportunity.
