What Happened to Gladful After Shark Tank India?
What is Gladful?
Gladful is a family-friendly protein brand. It offers Hi-Protein, Hi-fiber, NABL tested products for Indians. Gladful offers protein breakfasts, pancake & dosa mix, protein cookies, and date nut squares.
One can also purchase different gift boxes for different festivals. Gladful has a huge community of mothers who personally approve of the products.
Gladful doesn’t have any artificial colors, preservatives, or flour.
Who is the Founder of Gladful?
Manu Sharma & Parul Sharma are the founders of Gladful. They are from Jaipur. They are siblings.
Parul Sharma completed her bachelor’s degree in economics. Then she completed her MBA. Then she worked in Cadbury for 15 years.
Parul has 2 kids. She was concerned about whether they were getting the accurate proteins they needed on a daily basis or not. From that concern, she felt the need to have a protein-based brand.
Manu Sharma is a chartered accountant. He’s a diabetic patient and he’s too young. He also felt the need for protein.
Gladful Before Shark Tank India?
They started the company in January 2022. Till now they’ve sold 60,000 products.
How much money did they ask for on the pitch?
They came to Shark Tank India seeking ₹50 Lakhs for 2% equity. Which gives the company a valuation of ₹25 Crores.
How much money did they raise for Gladful?
They raised 1 round in 2021. They raised ₹2 Crores on ₹13 Crores post-money valuation.
How to get Gladful?
One can get Gladful products on their brand website. They are also available in different marketplaces.
Unit Economics of Gladful
| Total Sales | 100% |
| COGS | 50% |
| Logistics & Trade Margins | 25% |
| Performance Marketing | 25% |
What are the Annual Sales of Gladful?
Their lifetime sales are ₹1 Crore. Monthly sales are ₹20 Lakhs. They are not a profitable company yet. Their monthly burn is ₹8 Lakhs.
Sales Split of Gladful
| Area | % |
| Offline | 10% |
| Website | 20% |
| Amazon | 45% |
| Other Marketplaces | 25% |
Which shark gave Gladful an offer?
Peyush Bansal was out. He didn’t have much expertise in the domain, that’s why he didn’t give any offers.
Aman Gupta & Namita Thapar gave a combined offer. They offered ₹50 Lakhs for 10%.
Anupam Mittal offered them ₹50 Lakhs for 3.84%.
Amit Jain also gave them an offer. He offered them ₹50 Lakhs for 3.5%.
| Offer 1 | Offer 2 | Offer 3 |
| Aman Gupta & Namita Thapar – ₹50 Lakhs for 10% | Anupam Mittal – ₹50 Lakhs for 3.84% | Amit Jain – ₹50 Lakhs for 3.5% |
What deal did Gladful get in Shark Tank India?
Gladful got a deal from Aman Gupta, Amit Jain & Namita Thapar in Shark Tank India. The deal was ₹50 Lakhs for 3.5%. Each shark would get 1.16%.
| Company Name | Gladful |
| Founder | Manu Sharma & Parul Sharma |
| Asked Amount | ₹50 Lakhs for 2% |
| Final Deal | ₹50 Lakhs for 3.5% |
| Shark | Aman Gupta, Amit Jain & Namita Thapar |
| Company Net Worth | ₹14.29 Crores |
| Company Website | gladful.in |
| Company Status | In Business |
What is the net worth of Gladful?
After the 3 sharks deal in Shark Tank India, the net worth of Gladful is ₹14.29 Crores.
Is Gladful still in Business?
Yes, Gladful is still serving healthy protein-based food to families.
