What Happened to Scrapshala After Shark Tank India?

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What is Scrapshala?

According to the Central Pollution Control Board, Mumbai generates 700k kg of non-biodegradable waste every single day. Why not use that waste to make something useful?

That’s exactly what Scrapshala is doing. It makes different products using these waste materials. The products can be used in home décor, lifestyle, and gifting.

All the products are made by hand. Everything is hand-painted.

Scrapshala is not only reducing waste from society but also giving job opportunities to people.

Who is the Founder of Scrapshala?

Madhu Shah & Shikha Shah are the founders of Scrapshala. They are mother and daughter. They are from Banaras. Madhu Shah is a poet and writer herself.

Scrapshala Before Shark Tank India?

They started Scrapshala back in 2016. Scrapshala now has 15 artisans. It has more than 500 product designs in its portfolio. To date, it served more than 5,000 happy customers.

Initially, Madhu Shah used to make all the products. Later she formed Scrapshala with the help of her daughter.

How much money did they ask for on the pitch?

They came to Shark Tank India seeking ₹50 Lakhs for 10% equity in their company Scrapshala. Which gives the company a valuation of ₹5 Crores.

With the investment, they wanted to open retail outlets in big cities. So that people can come to those outlets and experience the products themselves.

How to get Scrapshala?

You can get all the products on their brand website. The products are also available in different marketplaces like Amazon, and Flipkart.

What are the Annual Sales of Scrapshala?

Fiscal YearAnnual Sales
Last year₹27 Lakhs

Which shark gave Scrapshala an offer?

Vineeta Singh was out. She didn’t think the business would be scalable.

Anupam Mittal was out.

Aman Gupta was out. He encouraged the founders to pursue this journey but didn’t want to become a part of it.

Namita Thapar was out. She didn’t find any key differentiator in the products.

Ashneer Grover was out. He didn’t think the business was investable.

What deal did Scrapshala get in Shark Tank India?

Even though they were doing noble work, Scrapshala didn’t get any deal in Shark Tank India.

Company Name Scrapshala
Founder Madhu Shah & Shikha Shah
Asked Amount ₹50 Lakhs for 10%
Final Deal No Deal
Shark No Shark
Company Net Worth ₹5 Crores
Company Website scrapshala.com
Company Status In Business

What is the net worth of Scrapshala?

The net worth of Scrapshala is ₹5 Crores according to the founders.

Is Scrapshala still in Business?

Yes, Scrapshala is still in the waste-product business.

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