What Happened to Cloud Tailor After Shark Tank India?
Having customized dresses in India is a nightmare. Imagine you want to wear a new dress at the next family event. For that, you need to visit your tailor, and he/she will make your dress.
There’s no guarantee when you will receive the dress. There’s no guarantee whether the dress will fit you or not.
It all depends on the tailor. And if it’s the festive season, then he will take more time than usual.
This is an everyday problem for women but how to fix this problem?
What is Cloud Tailor?
To solve this problem, Cloud Tailor was born. This is an online one-stop personalized fashion & tailoring platform for women. You can just go to their website or mobile application & upload your design.
There are many fashion designers on the platform. You can consult with them.
There’s a fabric marketplace on the website. You can choose your desired fabric from the marketplace.
If you know your design, you can upload that. If you want you can design yourself by providing all the necessary information.
If you’re uncomfortable with online, then you can use their exclusive brand outlets and place your order there.
Whether you order online or offline, your products will be delivered within 7 days. You can track the entire scene with your application. You will know when the tailor is stitching, cutting, etc.
Who is the Founder of Cloud Tailor?
Rudra Pratap, Susmitha Lakkakula & Mahesh Patel are the founders of Cloud Tailor. Rudra & Susmitha are from Hyderabad. Mahesh is from Bangalore. Rudra & Susmitha are husband and wife. Mahesh is their friend.
How much money did they ask for Cloud Tailor?
They came to Shark Tank India seeking ₹1 Crore for 1.4% equity in the company. Which gives the company a valuation of ₹71.43 Crores.
They want to expand their business in 40 new cities. They don’t want to stop there. They want to take this to the global market also.
Currently, the women’s tailoring market size in India is ₹27,000 Crores. It’s growing 8 ~ 10% every year.
If you have unused wedding clothes & you want to turn them into lehenga, you can do that easily with Cloud Tailor. They provide lifetime free alterations at all walk-in centers. Their return rate is 1.5% ~ 2%.
Sales Split of Cloud Tailor
| Ethnic | 60% |
| Formal, Casual & Party Wear | 40% |
What are the Monthly Sales of Cloud Tailor?
| Month | Sales |
| July | ₹16.4 Lakhs |
| July | ₹24.6 Lakhs |
| August | ₹34.8 Lakhs |
They are currently not making any profit. Their monthly burn is ₹45 Lakhs.
How much money did they raise for Cloud Tailor?
| Date | Money Raised | Valuation |
| December 2021 | ₹2.2 Crores | |
| March 2022 | ₹1.89 Crores | ₹50 Crores floor, ₹80 Crores Ceiling |
| March 2022 | ₹15 Lakhs | ₹10.2 Crores |
| July 2022 | ₹3 Crores | ₹30 Crores |
Which shark gave Cloud Tailor an offer?
Namita Thapar was out because she wasn’t happy with the loss they were making at the moment.
Aman Gupta was out because he thought they could grow their offline side more and they didn’t do that.
Vineeta Singh was out because she thought they would require a lot of money to make it big. She didn’t get any confidence in their execution powerplay. That’s why she was out.
Anupam Mittal was out. He didn’t like the fact that they were raising money every now and then from anyone on the market.
| Company Name | Cloud Tailor |
| Founder | Rudra Pratap, Susmitha Lakkakula & Mahesh Patel |
| Asked Amount | ₹1 Crore for 1.4% |
| Final Deal | No Deal |
| Shark | No Shark |
| Company Net Worth | ₹71.43 Crores |
| Company Website | www.cloudtailor.com |
| Company Status | In Business |
Peyush Bansal was out because he felt the founders were distracted a bit.
What deal did Cloud Tailor get in Shark Tank India?
Cloud Tailor didn’t get any deal in Shark Tank India.
