It’s not every day you see someone coming to Shark Tank India asking for ₹300 Crores. Gaurav Goyal (38) is the founder of Gopal’s 56 and came exactly to do that. He wants to make this a global brand. He came to Shark Tank India seeking ₹300 Crores in exchange for 25% equity in his company.
Which gives the company a valuation of ₹1200 Crores.
Gaurav Goyal has completed his BBA. He also has an honorary doctorate in Business Management. Gaurav wanted to make an ice cream brand that is delicious to eat. At the same time that is healthy for the body.
Imagine an ice-cream brand, that’s not only delicious but also healthy at the same time.
Gopal’s 56 is an ice cream brand that is dairy-free. It has pre-biotic and pro-biotic features in it. It will help you lose weight. Also, it reduces cholesterol in your body. The brand also has Ayurvedic ice creams.
In total, the brand has 90+ flavors.
All the sharks were really confused about the company’s valuation. It was the first time someone came to the show and asked for ₹300 Crores. Gaurav gave ice cream to the sharks so that they could taste the flavor. The sharks liked the ice cream.
Gopal’s 56 has outlets in Kalkaji, CBI, in different schools. They supply to the Air Force and embassy. He also wants to open outlets outside India.
From the Kalkaji outlet, Gopal’s 56 gets ₹4 – ₹4.5 Crores sales per annum. The profit is around 20%.
All the sharks were quite happy with the product, the sales were good, the growth was good. The only thing that was bothering everyone was the valuation. No one, I repeat no one in their right mind will be willing to invest ₹300 Crore in a company which is this small.
Upon asking what Gaurav would do with the ₹300 Crores, he said he wanted to build a fully-fledged production unit. He wanted to spend more on marketing. For the time being, he requires ₹5 Crores. But in the near future, he wanted ₹300 Crores.
Anupam Mittal was out because he wasn’t happy with the valuation. He advised him to take things slow and take one step at a time. The dream should be big, but at the same time, it should be according to a plan.
Namita Thapar was out because she wasn’t convinced by all the medical and health benefits that the ice cream brand was claiming.
Peyush Bansal was out because he thought this wasn’t an investable business at the moment with the valuation the founder asked.
Aman Gupta was out because he thought a company making sales of ₹5 Crores could have a valuation of ₹10 – ₹15 Crores, not ₹1200 Crores. He advised the founder to do further study on what he did wrong.
Ashneer Grover was out because he thought the founder was playing a valuation game without understanding the entire process. He advised the founder to make further studies on his business valuation.
|Company Name||Gopal’s 56|
|Asked Amount||₹300 Crores for 25%|
|Final Deal||No Deal|
|Company Status||In Business|