What Happened to Makino After Shark Tank India?
What is Makino?
Do you think Nachos is only popular in Mexico? But not anymore, Makino brought Nachos to India to serve the Indian community.
Makino has 40% less oil. It has zero cholesterol & trans fat. There are 8 flavors available. Such as Indian Chaat, Meethi Mexicana, Cream & Onion, Red Chilli Chatka, etc. Makino has roasted nuts also.
Doritos & Cornitos are their main competitors.
Who is the Founder of Makino?
Keval Patel, Ankit Patel, Priyank Patel & Ronik Patel are the founders of Makino. They are from Gujrat. They’ve already taken Makino to 15+ countries and want to become a global giant in this category.
| Founder Name | Role |
| Priyank Patel | CEO & General Trade & Exports |
| Ronik Patel | E-Commerce & Branding |
| Keval Patel | Modern Trade & HORECA |
| Ankit Patel | Procurement, Production & Logistics |
They need help in Branding & Distribution from the sharks.
Makino Before Shark Tank India?
They started the company in 2018. They are already in 15+ countries. Their USP is they have 8 different types of Nachos, whereas Doritos has only 2 types.
How much money did they ask for on the pitch?
They came to Shark Tank India seeking ₹2 Crores for 2% equity in the company. Which gives the company a valuation of ₹100 Crores.
How much money did they raise for Makino?
They haven’t raised any funds anywhere. It’s a completely bootstrapped company. They took a bank loan of ₹25 Crores to start the business.
Their working capital is ₹3 Crores. Capital investment is ₹12.33 Crores.
How to get Makino?
One can get Makino Foods from their brand website. It’s available in 17,000+ retail stores. It’s also available in different marketplaces.
Different Products in Makino
| Name | Flavors |
| Nacho Chips | 8 |
| Corn Chips | 2 |
| Corn Twist | 2 |
| Peanuts | 4 |
Unit Economics of Makino
They are not profitable yet. Their gross margin is 40%.
| Sales | 100% |
| COGS | 60% |
| Sales Team | 13% |
| Traveling Expense | 2% |
| Transportation Expense | 13% |
| Marketing | 12% |
What are the Annual Sales of Makino?
Their monthly sales are ₹2.65 Crores.
| Fiscal Year | Annual Sales |
| 2021 – 2022 | ₹18.84 Crores |
Their yearly burn is ₹1.97 Crores.
Which shark gave Makino an offer?
Anupam Mittal was out. He had some philosophical problems with the company.
Namita Thapar was out. She previously invested in a similar company called Tagz. For a conflict-of-interest issue, she didn’t give any offer.
Aman Gupta was out. He thought the valuation was too high.
Peyush Bansal & Vineeta Singh wanted to give an offer. But later changed their mind and didn’t.
What deal did Makino get in Shark Tank India?
Unfortunately, Makino didn’t get any offer in Shark Tank India.
| Company Name | Makino |
| Founder | Keval Patel, Ankit Patel, Priyank Patel & Ronik Patel |
| Asked Amount | ₹2 Crores for 2% |
| Final Deal | No Deal |
| Shark | No Shark |
| Company Net Worth | ₹100 Crores |
| Company Website | makinofoods.in |
| Company Status | In Business |
What is the net worth of Makino?
Currently, the net worth of Makino is ₹100 Crores according to the founders.
Is Makino still in Business?
Yes, Makino is still doing business making nachos.
