What Happened to Flhexible After Shark Tank India?
What is Flhexible?
Flhexible is an eco-friendly & sustainable lightweight furniture brand. They have a range of products under their arsenal. They have foldable sofas, wall partitions, pet & desk products, benches, etc.
Flhexible has a parent company, which only deals with wall partitions.
They use the honeycomb structure strategy to make the foldable sofas. That’s why they can carry weight up to 300 kg. They don’t use water while creating these products.
The lifespan for Flhexible products is 10 ~ 12 years. The lifetime sale of Flhexible is 250+ products.
How to get Flhexible furniture?
One can buy Flhexible furniture from the website & marketplace. If you want to buy it physically then that option is there as well. But for that, you need to go to the Jaipur retail outlet.
Who is the Founder of Flhexible?
Abhimanyu Singh & Shilpi Dua are the founders of Flhexible. They are both from Jaipur. They are both Architects. And did I mention? They are husband and wife.
They started Flhexible in 2019. Their vision is to make Flhexible the biggest space-saving furniture brand in the country.
How much money did they ask for Flhexible?
They came to Shark Tank India seeking ₹50 Lakhs for 7.5% equity in the company. Which gives the company a valuation of ₹6.67 Crores.
Shilpi Dua is also a product designer.
Anupam Mittal thought it was a gimmicky product. He had 2 logic behind this.
- The furniture is not pet-proof. A cat can easily scratch the material and ruin it.
- A lot of dust can get stuck in the furniture, which will be hard to clean later on.
Anupam thought this could be used for gifting someone, but to make it part of one’s lifestyle won’t happen anytime soon.
The price of the furniture is currently high because they are not able to produce it on a mass scale. But when they can produce it at a batch of 5000 units, they can reduce the cost by at least 30%.
What are the Annual Sales of Flhexible?
| Fiscal Year | Annual Sales |
| 2021 – 2022 | ₹16 Lakhs |
Last month’s sales 3.5 Lakhs
Among that corporate gifting holds almost 60%.
Which shark gave Flhexible an offer?
Aman Gupta was out because he thought the product’s gimmicky. Also, the business was too small at the moment. The parent company is not included with Flhexible. Which is currently doing the major chunk of the business. Aman didn’t like that either.
Namita Thapar thought the business was too small to invest at the moment. Also, there’s no proven tested model abroad. So it wasn’t clear whether it could be scalable or not.
Vineeta Singh was out because she thought there was not enough consumer demand for this product yet.
Anupam Mittal was out, he previously stated his reasons.
| Company Name | Flhexible |
| Founder | Abhimanyu Singh & Shilpi Dua |
| Asked Amount | ₹50 Lakhs for 7.5% |
| Final Deal | No Deal |
| Shark | No Shark |
| Company Net Worth | ₹6.67 Crores |
| Company Website | www.flhexible.com |
| Company Status | In Business |
Amit Jain was out and he suggested they should do something else with their life and not do this business any further.
