Image Credits: Shark Tank India
Last updated on 11 March 2023. Find everything about Nish Hair’s pitch on Shark Tank India, founder Parul Gulati and the latest updates about the company!
Nish Hair on Shark Tank India
You know that this was the final deal of the 2nd season of Indian Shark Tank.
Here are the key details about their pitch on Shark Tank:
|Episode||Season 2 Episode 50|
|Ask||₹1 Crore for 2% Equity|
|Deal||₹1 Crore for 2% Equity|
Nish Hair offers hair extensions at affordable pricing. You can use it for special occasions like weddings and parties, or even for women suffering from hair loss.
The most simple product for girls to try is Women’s Clip-In Bangs in Natural Black color, which you can get on Amazon (*Affiliate Link):
Or buy it by clicking here: https://amzn.to/3LfVrjf
*Affiliate Link means that we get a certain percentage from the sale when you purchase through our link.
The founder asked for ₹1 crore in exchange for 2% shares.
The charm of the pitcher impressed every shark even when she was not that good with the numbers. But there was a similar startup in this space called Hair Original from Shark Tank India season 1. Anupam invested in that, so, he has to go out but wished her success.
The FY 2021-22 sales were ₹6.7 crores with a 30% net profit. The main point was that 80% of it comes directly from the website. This is because she herself promotes and educates customers on social media.
That was the reason why Amit got interested in the same valuation. Vineeta and Aman also gave an offer. Vineeta promised that she will get access to Sugar’s team in Mumbai. Namita was out because she has no expertise in this area.
Peyush was slightly concerned about the approach to bringing an external partner and will the pitcher be happy with that or not. And he was also going to invest in Hair Original.
Watch the main pitch here:
Nish Hair accepted a deal from Amit Jain for ₹1 crore funding by giving 2% equity.
About The Founder
Parul Gulati is the founder of Nish Hair. She is an actor with experience in Punjabi films and Hindi web series. Some of her television projects were Haq se, Selection Girl, and Girls Hostel by The Viral Fever.
She started this business in 2017 with her mother, when she saw a need for such a product. The name was given by her mom who calls her daughter Nishu. She calls it the first to offer DIY hair extensions in India.
After Shark Tank Updates
Popular celebrities like Huma Qureshi, Komal Pandey, Barkha Singh, Ahsaas Channa, and Sobhita Dhulipala have used their extensions.
By the way, another business featured in this episode was MYBYK Cycle Subscription.
In the end, learn more about the company with this official information: “Nish Hair is India’s First Online Company of Hair Extensions. At Nish Hair, we provide the best Clip-In Hair Extensions with the Fastest Delivery Time in India & worldwide. Being the first to understand the Hair Needs of women who are looking for an easy yet quick solution for their Hair in the comfort of their homes. We’ve been there to guide our customers at each step when it comes to their Hair volume or Hair Loss. Nish Hair Your Way!”
So now you know about how well Nish Hair did on the tank and what they are doing right now.
I am Ranish Chauhan a.k.a. Fulmino Fan, and I am also a fan of Shark Tank India.