Image Credits: Shark Tank India
Last updated on 06 January 2023. Find out everything about PatilKaki’s pitch on Shark Tank India, its mother and son co-founders Vinit & Geeta Patil, with the latest updates about the company!
PatilKaki on Shark Tank India
Patil Kaki started selling her homemade snacks online in June 2020. They appeared in the fourth episode of the second season.
Here are the key details about the pitch of PatilKaki on Shark Tank India:
| Business Name | PatilKaki |
| Founder | Vinit Patil, Geeta Patil, Darshil Salva |
| Episode no. | Season 01 Episode 04 |
| Ask | ₹40 Lakhs for 2.5% Equity |
| Accepted Offer | ₹40 Lakhs for 4% Equity |
| Sharks | Anupam Mittal, Peyush Bansal |
| Current Status | In-business |
PatilKaki is a one-stop snack shop for all your snacking needs, at least what their website says. They offer high-quality Indian namkeen with authentic Maharashtrian taste. They promise no added preservatives or artificial flavors.
They have many items in their store including various types of Ladoos, Chakli, Chevda, Kachori, Makhana, and Karanji. There is also Modak and Puranpoli which are only available on online food delivery apps in Mumbai.
Here is one of their official Besan Ladoo available on Amazon (*Affiliate Link):
Or buy it by clicking here: https://amzn.to/3XsWoYH
*Affiliate Link means that we get a certain percentage from Amazon when you purchase through our link.
Geeta Patil, along with his son Vinit Patil and his friend Darshil Salva, came on the show, with an ask for ₹40 lakhs for a 2.5% piece of their company. They want to expand as a PAN-India brand for their longer shelf-life products.
Vineeta appreciated the desi brand name, and Peyush was also surprised by their premium packaging. However, Aman questioned their USP of homemade taste will be affected by automating the making process.
But he still offered investment for 4% shares and shared his success story with Kerala Banana Chips. Peyush and Anupam joined hands for the same number to match their last valuation. There was some competition between them.
With 18,000 customers before appearing on Shark Tank, their 2022 sales were ₹1.4 crores with a 25% profit margin. But they need more money for expansion.
In the end, sharks Peyush Bansal and Anupam Mittal closed the deal for ₹40 Lakhs for 4% equity.
About Mother & Son co-founders
Geeta Patil has been making snacks since 2016 to support her family. She officially made it an online retail brand in June 2020. Her son Vinit made the website and started selling it direct to customers.
Vinit Patil is the co-founder of PatilKaka. He dropped out of high school and worked in SleepyCat mattress as a Full Stack Developer before. His friend Darshan later becomes a partner who is also a college dropout.
After Shark Tank Updates
One big update on stage we got was that Peyush said that he will eventually contact Aman to get with them.
Here is the official promo of their pitch:
PatilKaki officially confirmed on Instagram that they accepted the deal behind the scenes. They were also offering a 10% discount on their website after the episode aired.
By the way, the other products featured in this episode were GearHead Motors and AFE Fire Extinguisher.
Finally, here is the official company product pitch: “The legend behind the yummy taste, Geeta Patil has been making homemade snacks since 2017. Kaki’s snacks and sweets are the ultimate way to satisfy your hunger pangs. Whether it is a chai accompaniment, a late-night movie binge, or pre-workout sugar cravings, we have something for everything.”
Takeaways
So now you know about the pitch of PatilKaki Snacks in Shark Tank India season 02 and its founders Geeta & Vinit Patil. We wish them luck!
I am Ranish Chauhan a.k.a. Fulmino Fan, and I am also a fan of Shark Tank India.