What Happened to Pabiben After Shark Tank India?
What is Pabiben?
Pabiben is a website where you’ll get multiple products made of rabari. Currently, they have 500+ SKUs.
On the website, you’ll get different products like Pabi bags, Pabi sling bags, Pabi shopping bags, Pabi tote bags, etc.
Previously businesses used to buy these pabi bags spending a small amount of money and later used to sell them at high prices.
But during the process, the actual makers didn’t get any sort of recognition. That’s when Pabiben Rabari thought of making this a brand and capturing the market.
To help Pabiben Rabari achieve her dream, Nilesh Priyadarshi is helping her. They both established the Pabiben website and now with the help of technology, they are showcasing this art to the whole world.
Nilesh previously worked in handcrafts. Pabiben Rabari lost her father at a young age. She wanted to support her family but didn’t know how to make a brand. She is skilled and talented. She is an artist. She knew how to make art and products, but she didn’t know how to market herself.
Nilesh was the perfect fit for this scenario and helped her make her own brand. Nilesh helped her with marketing and Nupur Kumari helped her in the design sector.
Who is the Founder of Pabiben?
Nilesh Priyadarshi, Nupur Kumari & Pabiben Rabari each hold 1/3rd equity in the Eye-Catching Young Entrepreneurs company.
Under the Eye-Catching Young Entrepreneurs wing, they run 3 initiatives;
- Pabiben.com
- Kaarigar Clinic
- Kaarigar ki Dukan
How much money did they ask for Pabiben?
They came to Shark Tank India seeking ₹50 Lakhs for 5% equity in the company. Which gives the company a valuation of ₹10 Crores.
The money they wanted to raise is for the Eye-Catching Young Entrepreneurs company. Currently, Pabiben.com is the only product, in the near future there will be more products like Pabiben.com.
Price of Pabiben bags
The bags’ price ranges from ₹1790 ~ ₹6900. If the bag is hand embroidered, then the price will be high. Their lifetime sale is ₹2 Crores in the last 5 years. They are a profitable business.
What are the Annual Sales of Pabiben?
| Fiscal Year | Annual Sales |
| 2019 – 2020 | ₹33 Lakhs |
| 2020 – 2021 | ₹28 Lakhs |
| 2021 – 2022 | ₹36 Lakhs |
Which shark gave Pabiben an offer?
Peyush Bansal was out and thought they didn’t need any investment at this moment. They are running a profitable business and they should continue to do so.
Aman Gupta was out but encouraged the founders to make Pabiben.com big.
Vineeta Singh was out because this was too early for her to invest.
Anupam Mittal was out because he thought they didn’t need any funding at the moment. Rather they should work on their story and make this a big brand.
| Offer 1 |
| Namita Thapar – ₹5 Lakhs for 2% & ₹45 Lakhs debt at 0% interest |
Namita Thapar was interested in the business. She offered them ₹5 Lakhs for 2% & ₹45 Lakhs debt at 0% interest. She valued the company ₹2.5 Crores.
| Company Name | Eye-Catching Young Entrepreneurs |
| Founder | Nilesh Priyadarshi, Nupur Kumari & Pabiben Rabari |
| Asked Amount | ₹50 Lakhs for 5% |
| Final Deal | ₹10 Lakhs for 5% & ₹40 Lakhs debt @ 0% Interest. |
| Shark | Namita Thapar |
| Company Net Worth | ₹2 Crores |
| Company Website | www.pabiben.com |
| Company Status | In Business |
What deal did Pabiben get in Shark Tank India?
They gave a counteroffer. They wanted ₹10 Lakhs for 5% & ₹40 Lakhs debt. Namita accepted the counteroffer.
