What Happened to Cocofit After Shark Tank India?
What is Cocofit?
Cocofit is a company that offers products based on coconut. They have 9 different products. Such as,
- Coconut coolers
- Coconut shakes
- Coconut slush
- Coconut sodas
- Coconut smoothies
- Coconut ice-cream
- Coconut stone ice-cream
- Cocofits signature
- Coco waffles
India comes in 3rd position when it comes to coconut production. Still, most of the business related to coconut is unorganized and unhygienic. It’s time to disrupt this industry and Cocofit wants to do that.
Who is the Founder of Cocofit?
Sashi Kanth V, Sunil Kumar Tentu & Pawan Kumar Seepana are the founders of Cocofit. Sashi Kanth is the CEO and Pawan is the Director of the company. They want to make a big business out of coconut.
They are childhood friends and software engineers. They are all involved in jobs. At the same time, they are managing Cocofit.
Cocofit Before Shark Tank India?
They started Cocofit in August 2019. After 2 years of operation, they now have 31 outlets in 7 states. Now they’re looking to expand their business more with franchise business.
If you want to take their franchise, you can fill out the franchise form on their website.
It has 11k followers on Instagram.
How much money did they ask for on the pitch?
They came to Shark Tank India seeking ₹5 for 5% equity in their company Cocofit. Which gives the company a valuation of ₹100.
Price of Cocofit products
| Coconut coolers | ₹79 |
| Coconut shakes | ₹139 |
| Coconut slush | ₹139 |
| Coconut sodas | ₹99 |
| Coconut smoothies | ₹159 |
| Coconut ice cream | ₹79 |
| Coconut Stone Ice Cream | ₹139 |
| Cocofits signature | ₹69 ~ ₹159 |
| Coco waffles | ₹139 |
What are the Annual Sales of Cocofit?
They made ₹3.1 Crores in total. The gross margin was ₹2.4 Crores and the net margin was ₹2.1 Crores.
They sold 2 master franchises. One master franchise costs around ₹50 Lakhs.
Which shark gave Cocofit an offer?
Ashneer Grover was out. He didn’t like the fact that none of the founders were actively working for Cocofit. They were all pursuing this as a side business.
Peyush Bansal was out. He advised them to work on their franchise unit economics.
Aman Gupta, Namita Thapar & Anupam Mittal wanted to make this deal.
What deal did Cocofit get in Shark Tank India?
Cocofit got a deal from Aman Gupta, Namita Thapar & Anupam Mittal. The deal was ₹5 for 5%.
| Company Name | Cocofit |
| Founders | Sashi Kanth V, Sunil Kumar Tentu & Pawan Kumar Seepana |
| Asked Amount | ₹5 for 5% |
| Final Deal | ₹5 for 5% |
| Sharks | Aman Gupta, Namita Thapar & Anupam Mittal |
| Company Net Worth | ₹100 |
| Company Website | www.cocofit.in |
| Company Status | In Business |
What is the net worth of Cocofit?
The net worth of Cocofit is ₹100.
Is Cocofit still in Business?
Yes, Cocofit is still in the coconut franchise business.
