What Happened to Stanlee India After Shark Tank India?
What is Stanlee India?
Stanlee India is a TV brand that offers pocket-friendly smart LED TVs. It offers TVs from 24 to 75 inches.
It has all the features that one can get on an expensive TV. It has all the smart TV features, 4k visual & ultrasound quality.
It’s a Delhi-based startup. It has its own factory for manufacturing the TV.
Who is the Founder of Stanlee India?
Mayank Luthra, Nimit Luthra & Amar Kant Luthra are the founders of Stanlee India. Mayank & Nimit are brothers. Amar Kant is their father. So, basically, it’s a full-fledged family business.
Amar Kant Luthra has a business in auto parts.
Nimit wanted to make this a big brand. In the future, he wanted to make TV panels. Currently, no one is making TV panels. There are limited players worldwide working in this segment.
Stanlee India Before Shark Tank India?
They started the company in 2019. Stanlee India is offering franchise stores in ₹5 Lakhs.
How much money did they ask for on the pitch?
They came to Shark Tank India seeking ₹60 Lakhs for 3% equity in their company Stanlee India. Which gives the company a valuation of ₹20 Crores.
How much money did they raise for Stanlee India?
They invested ₹2 ~ ₹2.5 Crores of their own money for making the factory. They didn’t raise any money from outside investors.
How to get Stanlee India TV?
You can get a Stanlee India TV from their brand website. You can also physically visit their store and purchase.
Price of Stanlee India TV
| 24” Stanlee India wholesale price | ₹5000 |
| 24” Stanlee India customer price | ₹6999 ~ ₹7200 |
| 24” Other brands | ₹7900 ~ ₹8400 |
Price wise it will be very hard to compete with Stanlee India TV because they offer the lowest price.
What are the Annual Sales of Stanlee India?
Their lifetime sales are ₹7.5 Crores.
| Fiscal Year | Annual Sales |
| 2018 – 2019 | ₹1.5 Lakhs |
| 2019 – 2020 | ₹2.5 Crores |
| 2020 – 2021 | ₹3.5 Crores |
| 2021 – 2022 | ₹1.5 Crores to date |
Which shark gave Stanlee India an offer?
Peyush Bansal was out. He advised them to work on the branding of their company.
Anupam Mittal was out. He couldn’t find any key differentiator in the company.
Ashneer Grover was out. He thought the company didn’t have any brand, feature, or price advantage in the sector.
Aman Gupta was out. He didn’t find the company investable.
Namita Thapar was out. She thought the market was already too cluttered.
What deal did Stanlee India get in Shark Tank India?
Stanlee India didn’t get any deal in Shark Tank India.
| Company Name | Stanlee India |
| Founder | Mayank Luthra, Nimit Luthra & Amar Kant Luthra |
| Asked Amount | ₹60 Lakhs for 3% |
| Final Deal | No Deal |
| Shark | No Shark |
| Company Net Worth | ₹20 Crores |
| Company Website | www.stanleeindia.com |
| Company Status | In Business |
What is the net worth of Stanlee India?
The net worth of Stanlee India is ₹20 Crores.
Is Stanlee India still in Business?
Yes, Stanlee India is still in the TV business.
