What Happened to Desi Toys After Shark Tank India?
What is Desi Toys?
In our childhood, we used to play with many toys. Those toys made us go outside in nature. There were boats that we could float on water. There were spinning toys that we could play with on the ground. There are countless toys like this that we don’t see very often nowadays.
Desi Toys wanted to play with that nostalgic factor and decided to become a brand on this.
Who is the Founder of Desi Toys?
Swapna Soham Wagh is the founder of Desi Toys. Swapna completed her MBA. She has a retail specialization degree.
Desi Toys tries to give these toys an Indian vibe. If you go to their website you will realize that. All the toys are made in India.
How to get Desi Toys?
You can buy Desi Toys products on their website, different marketplaces, and popular retail stores.
How much money did she ask for Desi Toys?
Swapna came to Shark Tank India seeking ₹50 Lakhs for 3% equity in the business. Which gives the company a valuation of ₹16.67 Crores.
There was another toy company in Shark Tank India season 1. The name was Ariro Toys. That company got a pretty good deal.
What are the Annual Sales of Desi Toys?
| Fiscal Year | Annual Sales |
| 2017 – 2018 | ₹40 Lakhs |
| 2018 – 2019 | ₹60 Lakhs |
| 2019 – 2020 | ₹75 Lakhs |
| 2020 – 2021 | ₹61 Lakhs |
| 2021 – 2022 | ₹1.15 Crores |
| 2022 – 2023 | ₹2.5 Crores Projected |
Sales split of Desi Toys
80% of sales are coming from B2B. D2C is 3%. And the rest 17% is coming from different marketplaces. The net profit is 18%.
Price of Desi Toys
The price ranges from ₹199 ~ ₹3999. The average selling price is ₹500.
Which shark gave Desi Toys an offer?
Namita Thapar was out because she thought the toy market was already too cluttered. Scaling a toy business could become very challenging. That’s why she didn’t give any offer.
Anupam Mittal thought the market was really small for this kind of toy. And anyone could easily copy the products if they want. That’s why he was out.
Vineeta Singh was out because she thought scaling the business could be an issue.
Aman Gupta was out because he thought after one point the business wouldn’t grow.
| Offer 1 |
| Amit Jain – ₹20 Lakhs for 20% & ₹30 Lakhs debt |
Amit Jain offered ₹20 Lakhs for 20% & ₹30 Lakhs debt. Which gives the company ₹1 Crore valuation.
Swapna gave a counteroffer of ₹20 Lakhs for 5% equity. But Amit didn’t agree with that offer.
| Company Name | Desi Toys |
| Founder | Swapna Soham Wagh |
| Asked Amount | ₹50 Lakhs for 3% |
| Final Deal | No Deal |
| Shark | No Shark |
| Company Net Worth | ₹16.67 Crores |
| Company Website | www.desitoys.in |
| Company Status | In Business |
What deal did Desi Toys get in Shark Tank India?
No deal happened.
