What Happened to Namakwali After Shark Tank India?
What is Namakwali?
Namak means salt. We use salt on a regular basis, but have we ever wondered how healthy our salt is?
Namakwali is an organic salt brand. It’s based in Uttarakhand. It has many products. Such as Pisyu loon salt, Pahadi haldi, Pahadi mix masala, Badri cow ghee, honey, and chutney.
All the products available in Namakwali are preservative & chemical-free.
Btw, Namakwali doesn’t sell plain salt.
Who is the Founder of Namakwali?
Shashi Bahuguna Raturi & Suvendu Raturi are the founders of Namakwali. They are a mother-son duo. Shashi is the Namakwali.
Shashi started working at a very young age. She taught many kids and some of those kids are now working at Namakwali.
Suvendu has knowledge of photography and filmmaking. He also makes documentaries. He has a separate business built on these. He has a separate team for that also.
His father also helped them by illustrating the designs on the packaging.
Namakwali Before Shark Tank India?
They started Namakwali back in 2018. Initially, they used Facebook & Instagram to sell their products. They incorporated the company in 2020. Later they built a website for Namakwali also.
It has 16k followers on Instagram.
How much money did they ask for on the pitch?
They came to Shark Tank India seeking ₹50 Lakhs for 5% equity in their company Namakwali. Which gives the company a valuation of ₹10 Crores.
How to get Namakwali products?
You can get all the products on their main website. They are also available in different marketplaces.
What are the Annual Sales of Namakwali?
| Fiscal Year | Annual Sales |
| 2021 – 2022 | ₹5 Lakhs |
| 2022 – 2023 | ₹11 Lakhs |
| 2023 – 2024 | ₹38 Lakhs to date |
What are the Monthly Sales of Namakwali?
| Month | Sales |
| July 2023 | ₹3 Lakhs |
| August 2023 | ₹4.3 Lakhs |
| September 2023 | ₹7.6 Lakhs |
| October 2023 | ₹9.5 Lakhs |
Sales split of Namakwali
| Website | 70% |
| Amazon | 30% |
Which shark gave Namakwali an offer?
Aman Gupta was out. He thought the sales were too low at the moment. He advised them to not onboard any outside investors and to grow their sales.
Namita Thapar was out. She advised them to take a co-founder with business & finance knowledge.
Vineeta Singh was out. She thought the Namakwali team was incomplete at the moment.
Anupam Mittal was out. He didn’t get all the answers from the founder’s son & that’s why he didn’t invest in the company.
Amit Jain was interested in the business. He offered them ₹10 Lakhs for 5% & ₹40 Lakhs debt at 8% interest for 3 years. He valued the company at ₹2 Crores.
| Offer 1 |
| Amit Jain – ₹10 Lakhs for 5% & ₹40 Lakhs debt at 8% interest for 3 years |
And they took the deal.
What deal did Namakwali get in Shark Tank India?
Namakwali got a deal from Amit Jain in Shark Tank India. The deal was ₹10 Lakhs for 5% & ₹40 Lakhs debt at 8% interest for 3 years.
| Company Name | Namakwali |
| Founders | Shashi Bahuguna Raturi & Suvendu Raturi |
| Asked Amount | ₹50 Lakhs for 5% |
| Final Deal | ₹10 Lakhs for 5% & ₹40 Lakhs debt at 8% interest |
| Shark | Amit Jain |
| Company Net Worth | ₹2 Crores |
| Company Website | www.namakwali.com |
| Company Status | In Business |
What is the net worth of Namakwali?
After the Shark Tank India deal, the net worth of Namakwali is ₹2 Crores.
Is Namakwali still in Business?
Yes, Namakwali is still in the salt business.
