What Happened to Polish Me Pretty After Shark Tank India?
What is Polish Me Pretty?
Are you struggling with making your nails pretty? Well, Polish Me Pretty has the perfect solution for you. It offers the cutest, affordable, and hand-crafted gel press for your nails.
It has over 200 options of nail colors. If you want any customized nail art, then that is also possible in Polish Me Pretty. You can reuse the same nails up to 5 times.
Who is the Founder of Polish Me Pretty?
Anoushka Rele is the founder of Polish Me Pretty. She’s 22 years old. She studied design at ISDI, Mumbai.
She always had an entrepreneurial mindset. She previously worked in multiple ventures like a cupcake van, selling stationary items online, streetwear brand.
She wants to make this Polish Me Pretty brand big. She wants to cater to the Gen Z audience only.
Polish Me Pretty Before Shark Tank India?
Each manicure kit comes with a couple of items, like
- 20 Universal nail sizes
- Nail glue
- Adhesive glue tab strips
- Cuticle stick
- Alcohol wipe
How much money did she ask for on the pitch?
She came to Shark Tank India seeking ₹25 Lakhs for 25% equity in her company Polish Me Pretty. Which gives the company a valuation of ₹1 Crore.
With the money, she wanted to do marketing for the brand. She also wanted to create a team for the business. Because currently, she was doing everything on her own.
How much money did she raise for Polish Me Pretty?
She didn’t raise any money for the business from anyone. She bought a Nike limited edition shoe and flipped it afterward. She used that profit to start her venture.
Market Size
The nail market size in India is ₹9,000 Crores. Of that, 99% belongs to nail polish.
How to get Polish Me Pretty?
You can get all the products of Polish Me Pretty on their brand website. They are also available in different marketplaces like Amazon, Blinkit, and Flipkart.
It has 12.5k followers on Instagram.
Unit Economics of Polish Me Pretty
| Making cost | ₹400 |
| Blinkit selling price | ₹660 |
| Zepto selling price | ₹770 |
What are the Annual Sales of Polish Me Pretty?
The lifetime sales are ₹15.5 Lakhs.
| Month | Sales |
| December 2023 | ₹6 Lakhs |
| Fiscal Year | Sales |
| 2023 – 2024 | ₹20 Lakhs Projected |
| 2024 – 2025 | ₹50 Lakhs Projected |
Which shark gave Polish Me Pretty an offer?
Anupam Mittal was out. He advised her not to raise any money for another 1 to 2 years.
Namita Thapar was out. She advised her not to dilute 25% at the early stage of her business.
Peyush Bansal was interested in the business. He offered him ₹25 Lakhs for 25%. Just the deal she wanted.
Vineeta Singh offered her ₹51 Lakhs for 51% equity in the company.
Aman Gupta was out.
| Offer 1 | Offer 2 |
| Peyush Bansal – ₹25 Lakhs for 25% | Vineeta Singh – ₹51 Lakhs for 51% |
What deal did Polish Me Pretty get in Shark Tank India?
Polish Me Pretty got a deal from Peyush Bansal in Shark Tank India. The deal was ₹25 Lakhs for 25% equity.
| Company Name | Polish Me Pretty |
| Founder | Anoushka Rele |
| Asked Amount | ₹25 Lakhs for 25% |
| Final Deal | ₹25 Lakhs for 25% |
| Shark | Peyush Bansal |
| Company Net Worth | ₹1 Crore |
| Company Website | www.polishmepretty.in |
| Company Status | In Business |
What is the net worth of Polish Me Pretty?
After the Shark Tank India deal, the net worth of Polish Me Pretty is ₹1 Crore.
Is Polish Me Pretty still in Business?
Yes, Polish Me Pretty is still in the nail industry.
