What is Toyshine?
Toyshine is a preschool and toddlers specialist indoor toy brand. Their target age group is from 0 to 12 years old. It makes unique, affordable, and high-quality toys for them.
Toyshine has 2,000+ unique toys for kids. So, you will never get bored when looking at their catalog.
Who is the Founder of Toyshine?
Toyshine Before Shark Tank India?
Rohit’s father had a physical toy shop till 2018. Rohit converted that toy shop into an e-commerce brand and closed the physical one.
One big complication in the toy business is almost all the local players import their toys from China. But that has slightly changed now. But Toyshine is not affected by this. 85% of the toys from Toyshine are made in China.
Toyshine has a design resource team that continuously makes new designs for the company. Then Toyshine approves the design that they like.
Toyshine has 1 million+ reviews on Amazon. Their average order value is ₹700.
How much money did he ask for on the pitch?
Rohit came to Shark Tank India seeking ₹1.25 Crores for 0.5% equity. Which gives the company a valuation of ₹250 Crores. That’s one rich valuation. I just hope this guy has proper numbers to back up his company valuation.
How to get Toyshine?
As it’s an online toy brand you can easily get Toyshine from their brand website. It’s also available on Amazon.
What are the Annual Sales of Toyshine?
|2018 – 2019
|2019 – 2020
|2020 – 2021
|2021 – 2022
Toyshine is doing monthly sales of ₹4 ~ ₹4.5 Crores. Net profit is 15%. He hasn’t spent anything on marketing.
Which shark gave Toyshine an offer?
Amit Jain was out. He thought the company valuation was too high. Also, after making such massive sales, there’s no brand recognition of this company.
Aman Gupta was out. He advised him to work on building the brand Toyshine.
Namita Thapar was out. She thought there was no unique design proposition in the products. That’s why she didn’t give any offer.
Anupam Mittal was out.
Peyush Bansal was out. He couldn’t see any exit point.
What deal did Toyshine get in Shark Tank India?
Toyshine didn’t get any deal in Shark Tank India.
|₹1.25 Crores for 0.5%
|Company Net Worth
What is the net worth of Toyshine?
After not getting any deal from Shark Tank India, the net worth of Toyshine is ₹250 Crores (According to the founder).
Is Toyshine still in Business?
Yes, Toyshine is still doing business.