What Happened to What’s Up Wellness After Shark Tank India?
What is What’s Up Wellness?
What’s Up Wellness is a gummy company that improves your overall health by providing you with proper nutrition. But what can a gummy do?
A gummy can reduce hair fall. It can brighten the skin. Also, it can strengthen nails.
They have “What’s Up Beauty” product. Also, their next product in line is “What’s Up Sleep”.
Currently, there’s a lot of competition in the market in this category. But What’s Up Wellness is cheaper than all the leading brands out there.
Who is the Founder of What’s Up Wellness?
Vaibhav Makhija & Sayantani Mandal are the founders of What’s Up Wellness. They want to improve the entire generation’s wellness through their company.
They previously worked in the same company. They both met each other there.
Vaibhav Makhija used to take care of growth, marketing, and website product management. Sayantani Mandal used to work in content strategy and social & brand communication.
Working in those companies, they both realize there’s a huge demand for hair care & beauty products. At the same time, they realized this problem can be solved by providing nutrition in the body. That’s when they thought of making What’s Up Wellness.
What’s Up Wellness Before Shark Tank India?
They’ve served more than 25,000+ customers till now. What’s Up Wellness has a big following on Instagram. It has more than 95k followers.
How much money did they ask for on the pitch?
They came to Shark Tank India seeking ₹50 Lakhs for 3% equity in the business. Which gives the company a valuation of ₹16.67 Crores.
How much money did they raise for What’s Up Wellness?
They haven’t raised any money for the company yet. It’s a bootstrapped company. But they have a commitment of ₹1.5 Crore on a ₹10.5 Crores pre-money valuation.
How to get What’s Up Wellness?
One can get What’s Up Wellness gummies from their brand website. It’s also available in different marketplaces.
Unit Economics of What’s Up Wellness
The price of 1 box is ₹900. It comes with 30 gummies. Each gummy cost around ₹30. They are not making any money yet. They are losing ₹100 per order.
Their monthly sales are ₹30 Lakhs. 70% coming from own website and 30% coming from Amazon & other marketplaces.
| MRP | ₹899 |
| Selling Price | ₹699 |
| Gross Margin | 81% |
| Average Order Value | ₹950 |
| Customer Acquisition Cost | ₹600 |
Which shark gave What’s Up Wellness an offer?
Namita Thapar was out. She didn’t find any unique ingredients used in the product.
Peyush Bansal was out. He thought this would be too early for him to invest in this company.
Aman Gupta, Anupam Mittal & Vineeta Singh were interested in the business. They offered ₹60 Lakhs 4.76% equity in the company. Which gives the company a valuation of ₹12.6 Crores.
| Offer 1 |
| Aman Gupta, Anupam Mittal & Vineeta Singh – ₹60 Lakhs 4.76% |
They didn’t give any counteroffer and took the deal.
What deal What’s Up Wellness got in Shark Tank India?
What’s Up Wellness got a deal from Aman Gupta, Anupam Mittal & Vineeta Singh in Shark Tank India. The deal was ₹60 Lakhs 4.76%.
| Company Name | What’s Up Wellness |
| Founder | Vaibhav Makhija & Sayantani Mandal |
| Asked Amount | ₹50 Lakhs for 3% |
| Final Deal | ₹60 Lakhs 4.76% |
| Sharks | Aman Gupta, Anupam Mittal & Vineeta Singh |
| Company Net Worth | ₹12.6 Crores |
| Company Website | whatsupwellness.in |
| Company Status | In Business |
What is the net worth of What’s Up Wellness?
After the Shark Tank India deal, the net worth of What’s Up Wellness is ₹12.6 Crores.
Is What’s Up Wellness still in Business?
Yes, What’s Up Wellness is still in the business of selling gummies to people.
