Last updated on 7 February 2024.
Find everything about Zorko Food Lovers pitches on Shark Tank India, its co-founders, and the latest updates about the company!
Zorko on Shark Tank India
A great business but a no deal is rare to see on the Tank.
Here are the key details about their pitch on Shark Tank:
| Name | Zorko |
| Founders | Amrit Nahar, Anand Nahar |
| Episode | Season 3 Episode 7 |
| Ask | ₹1.5 Crores for 1% Equity |
| Deal | No Deal |
| Sharks | NA |
| Status | In-business |
Zorko is a pure vegetarian fast food chain, where you can eat delicious food items like pizza, burgers, momos, mojitos, and much more. All things at an affordable price and an amazing ambiance to eat with family & friends.
However, their business is completely franchise-based. So, Zorko’s job is to supply the franchises with the raw materials, and knowledge to make the food and marketing. A franchisee needs to finance around 10 lakhs initially to start their store.
Even their strategy to acquire a franchisee is unique. They contact their regular customers to partner with them. But Sharks was skeptical when they found out that the co-founders were not directly connecting with these franchises.
But let’s now move back to the pitch. The co-founder brothers asked for ₹1.5 crores for just 1% equity. The plan is to launch more plans and also introduce new brands for different types of food items.
The pitch started great with everyone enjoying the food and the enthusiasm of the pitchers. Sharks were even surprised by the fact that they have opened around 150 outlets in just 17 months. The sales are also in crores.
This growth also came with some future problems. So, Aman and Peyush advised the pitchers to first make sure the existing stores are making more profits, rather than adding more outlets in a hurry.
Anupam also then found out that they are doing too much right now. That’s why he was out. Only Aman and Ritesh were interested in making a deal Both offered ₹20 lakhs together with the rest as a loan.
But things took a turn after that. The pitcher countered but in a weird way.
They wanted the sharks to commit some hours to learn how they work. This looks like a small thing but Aman got very irritated when the pitcher was so stuck on it. He then tore up his cheque and the deal was cancelled.
Watch the full pitch here:
Zorko Food Lovers got no deal at Shark Tank India.
About The Co-founders
Amrit and Anand Nahar are the co-founders of Zorko. They opened their first shop in Vesu near Surat in 2021.
Let’s start with Anand first, because he was the one who talked mostly during the pitch. He did his B.Tech from Uka Tarsadia University but found his passion in the Stock Market. He still does trading under Gayatri Research and Investments.
Amrit is also a B.Tech graduate, but later studied at Manav Teerth. Before Zorko, both of them made ZORKO Immunity Booster during the pandemic.
After Shark Tank Updates
From the pitch we saw and the comments from Anupam, it looked like maybe Zorko was never there for a deal. They might be there to get free publicity from national TV.
In 2023, they opened stores in other countries as well, including Australia, Canada, and UAE.
By the way, other businesses featured in this episode were Tramboo Cricket Bats and WeHear Hearing Solution.
Takeaways
So now you know about Zorko’s pitch on Shark Tank India and its co-founders. The ending of this pitch will be remembered by viewers.
And if you don’t know who I am? I am Ranish Chauhan a.k.a. Fulmino Fan, a Fan of the Shark Tank show.