What Happened to VA Perfume After Shark Tank India?
What is VA Perfume?
VA Perfume is a brand that offers night incense sticks. It has a couple of varieties of incense sticks. Such as romance, classic love, extreme love, etc. With these incense sticks, VA Perfume changes the environment of the room and makes it more romantic.
VA Perfume has devotional incense sticks also. The incense stick market size is ₹10,000 Crores in India.
Who is the Founder of VA Perfume?
Amit Hotchandani is the founder of VA Perfume. Amit wanted to capture the incense sticks market.
He worked in the rice industry for 15 years. The business is export-based.
VA Perfume Before Shark Tank India?
Amit talked to someone in Nigeria who had a better understanding of this business. It’s quite popular in Nigeria. Later Amit saw an opportunity in India, and he created a factory for manufacturing the products in India.
VA Perfume has a secret formula for making night incense sticks.
How much money did he ask for on the pitch?
He came to Shark Tank India seeking ₹1 Crore for 10% equity in his company VA Perfume. Which gives the company VA Perfume a valuation of ₹10 Crores.
How much money did he raise for VA Perfume?
He invested ₹70 Lakhs of his own money into the business VA Perfume.
How to get VA Perfume?
You can get VA Perfume products in different malls, medical stores, and cosmetic stores.
Unit Economics of VA Perfume
| Gross margin | 56% |
| Net margin | 36% |
What are the Annual Sales of VA Perfume?
Currently, the company is making ₹10 Lakhs sales per month.
Which shark gave VA Perfume an offer?
Namita Thapar was out. She couldn’t connect with the product.
Amit Jain was out. He thought scaling the business would be difficult.
Peyush Bansal was out. He didn’t have any expertise in this business, that’s why he didn’t give any offer.
Aman Gupta was out. Because he didn’t understand the business fully.
Anupam Mittal was out.
What deal did VA Perfume get in Shark Tank India?
VA Perfume didn’t get any deal in Shark Tank India.
| Company Name | VA Perfume |
| Founder | Amit Hotchandani |
| Asked Amount | ₹1 Crore for 10% |
| Final Deal | No Deal |
| Shark | No Shark |
| Company Net Worth | ₹10 Crores |
| Company Website | None |
| Company Status | In Business |
What is the net worth of VA Perfume?
The net worth of VA Perfume is ₹10 Crores according to Amit Hotchandani.
