What Happened to Gavin Paris After Shark Tank India?
What is Gavin Paris?
Gavin Pairs is a new-age streetwear brand. It focuses on fashionable clothing. It’s an oversize fashion brand that will provide you with quirky designs.
Who is the Founder of Gavin Paris?
Kishor Jairamka & Ashutosh Roy are the founders of Gavin Paris. They started the brand Gavin Paris in 2022. Till now they’ve delivered 25,000 products. They sell everything on their own website.
How much money did they ask for Gavin Paris?
They came to Shark Tank India seeking ₹50 Lakhs for 5% equity in the business. Which gives the company a valuation of ₹10 Crores.
They need guidance from sharks. There are states that they haven’t cracked yet. There are issues with delivery. With the money from sharks, they want to build a delivery center.
Kishor is a businessman. He’s been involved in his family business for a long time. Ashutosh is the CTO of the company. Ashutosh has a good understanding of the digital marketing arena.
Equity split of Gavin Paris
Currently, Kishor has 100% equity in the business. Ashutosh will have 10% in the future when the paperwork is done. Kishor has invested ₹50 Lakhs of his own money in the business. Currently, Kishor has a royalty deal with Ashutosh. Ashutosh gets ₹25 from each product sale.
Gavin Paris has 4 categories of products.
- Polo t-shirts
- Co-Ord t-shirts
- Printed t-shirts
- Oversized drop shoulder t-shirts
Gavin Paris has a young team who previously worked in the fashion industry. This team helps them create new designs for the market. That’s how they stay updated with the young generation’s demands.
They’ve done ₹1.4 Crores of sales in 7 months. That’s pretty outstanding if you ask me in that short duration of time. Their gross margin is 60% & net profit is 18%.
They are doing great and all the credit goes to Ashutosh. He’s brilliant in social media marketing. He runs ads on Facebook. Also, Gavin Paris has a strong Instagram page with 92k followers.
Most of the customers are male at this point. Their marketing expenditure is ₹5 ~ ₹6 Lakhs per month.
They don’t have any dead stock issues. Whenever they have some extra t-shirts in their warehouse they provide buy 3 get 1 free type offers and clear the inventory.
What are the Monthly Sales of Gavin Paris?
Last 3 Monthly Sales
| Month | Sales |
| June | ₹19 Lakhs |
| July | ₹22 Lakhs |
| August | ₹25 Lakhs |
Unit Economics of Gavin Paris
| Average order value | ₹950 |
| Making | ₹200 |
| Customer Acquisition Cost | ₹100 |
| Shipping | ₹84 |
| GST | ₹32.5 |
| Profit | ₹233 |
Which shark gave Gavin Paris an offer?
Anupam Mittal was out because he thought Ashutosh getting only 10% equity was not right.
Namita Thapar was out because she thought the business wasn’t scalable. Also, the market was too cluttered.
Amit Jain was out because he also thought there was a problem with the equity split in the company.
Aman Gupta was out.
| Offer 1 |
| Vineeta Singh – ₹30 Lakhs for 20% equity & ₹20 Lakhs debt @ 12% interest |
Vineeta Singh was interested in the business. She offered ₹30 Lakhs for 20% equity & ₹20 Lakhs debt @ 12% interest. But, the offer was under the condition that Ashutosh would get 40% equity in the company. Which gives the company a valuation of ₹1.5 Crores.
| Company Name | Gavin Paris |
| Founder | Kishor Jairamka & Ashutosh Roy |
| Asked Amount | ₹50 Lakhs for 5% |
| Final Deal | No Deal |
| Shark | No Shark |
| Company Net Worth | ₹10 Crores |
| Company Website | www.gavinparis.com |
| Company Status | In Business |
What deal did Gavin Paris get in Shark Tank India?
The founders declined the offer. No deal happened.
