What Happened to MAVI’s After Shark Tank India?
What is MAVI’s?
MAVI’s is a fermented food & beverage company. It makes products based on Kombucha, Kvass, Tepache, Sauerkraut, and Kefir. All the products are made with local ingredients.
MAVI’s makes products that help with digestion. The shelf life of the drinks is 2 months.
The name MAVI’s came from combining their names Mashi & Vikram.
Who is the Founder of MAVI’s?
Vikram Mittal & Meenakshi Bhanj Deo are the founders of MAVI’s Pantry. Meenakshi is 41 years old, and Vikram is 36 years old. They are husband and wife.
MAVI’s Before Shark Tank India?
They started the company in 2018.
They got to know about Kombucha from a friend living in the USA. They got to know about the health benefits of Kombucha. Then they wanted to make a business using this.
They are serving the upper middle class & upper class of society because it’s not a cheap drink.
How much money did they ask for on the pitch?
They came to Shark Tank India seeking ₹40 Lakhs for 5% equity in their company MAVI’S. Which gives the company a valuation of ₹8 Crores.
How to get MAVI’s?
You can simply go to MAVI’s brand website and shop from there.
What are the Annual Sales of MAVI’s?
| Fiscal Year | Annual Sales |
| 2019 – 2020 | ₹12 Lakhs |
| 2020 – 2021 | ₹24.5 Lakhs |
| 2021 – 2022 | ₹35 Lakhs |
Which shark gave MAVI’s an offer?
Ashneer Grover was out.
Anupam Mittal was out.
Namita Thapar was out. She thought there were too many SKUs. As the business grows, the RTV would destroy the bottom line.
Aman Gupta was out. He didn’t find any key differentiator in the products. He advised them to focus on just Kombucha and build a heavy brand on that.
Peyush Bansal was out. He liked the products and wanted to become a customer but not an investor.
What deal did MAVI’s get in Shark Tank India?
No, MAVI’s didn’t get any deal in Shark Tank India.
| Company Name | MAVI’s |
| Founder | Vikram Mittal & Meenakshi Bhanj Deo |
| Asked Amount | ₹40 Lakhs for 5% |
| Final Deal | No Deal |
| Shark | No Shark |
| Company Net Worth | ₹8 Crores |
| Company Website | mavispantry.com |
| Company Status | In Business |
What is the net worth of MAVI’s?
The net worth of MAVI’s is ₹8 Crores.
Is MAVI’s still in Business?
Yes, MAVI’s is still in the healthy drink industry.
