What Happened to Shades of Spring After Shark Tank India?

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What is Shades of Spring?

Shades of Spring is a platform that allows you to buy more than 300+ fresh flowers according to your needs. It has a DIY flower subscription box. This box was launched in 2019.

From Shades of Spring, you’ll get fresh flowers within 48 ~ 72 hours of harvesting those flowers. It will stay fresh for up to 7 days in your house.

Gifting flowers is quite common at different festivals. Whether you’re having a party, or marriage anniversary, gifting flowers is considered a norm. Gifting flowers puts an instant smile on your face.

Who is the Founder of Shades of Spring?

Anuj Bhagat & Nidhi Gupta are the founders of Shades of Spring. They are from Bangalore. They are a couple and met on Shaadi.com. If you don’t know, Shaadi.com is a venture by Anupam Mittal, one of the renowned sharks in Shark Tank India.

Market size

The global gifting industry is ₹50 Lakh Crores. Flowers play a significant role in that market.

Shades of Spring Before Shark Tank India?

50% of their revenue comes from subscriptions. Each subscription box comes at ₹350.

How much money did they ask for on the pitch?

They came to Shark Tank India seeking ₹3 Crores for 1% equity in the company Shades of Spring. Which gives the company a valuation of ₹300 Crores.

How to get Shades of Spring?

You can simply go to their website Shades of Spring. You can select your city, Mumbai, Bangalore, Chennai, and Hyderabad. On the website, you can see all the flower options available for you. You can browse and select any of them.

Unit Economics of Shades of Spring

Their gross margin is 29%.

What are the Annual Sales of Shades of Spring?

Fiscal YearAnnual Sales
2019 – 2020₹50 Lakhs
2020 – 2021₹2.5 Crores
2021 – 2022₹9 Crores

Which shark gave Shades of Spring an offer?

Ashneer Grover was out. He respected the business that they built. But seeing the ₹300 Crores valuation made him frustrated and angry and he was out from giving any offers.

Aman Gupta was out. He didn’t like the valuation also.

Namita Thapar was out. She thought the valuation was too high for the business.

Vineeta Singh was out. She didn’t think the subscription business would work in India in the long run.

Anupam Mittal was out. He thought they were doing too many things at the same time.

What deal did Shades of Spring get in Shark Tank India?

Shades of Spring didn’t get any deal in Shark Tank India.

Company Name Shades of Spring
Founder Anuj Bhagat & Nidhi Gupta
Asked Amount ₹3 Crores for 1%
Final Deal No Deal
Shark No Shark
Company Net Worth ₹300 Crores
Company Website shadesofspring.in
Company Status In Business

What is the net worth of Shades of Spring?

The net worth of Shades of Spring is ₹300 Crores according to the founders.

Is Shades of Spring still in Business?

Yes, Shades of Spring is still in the flower business. So, next time you want some fresh flowers be sure to check their website.

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