Image Credits: Shark Tank India
Last updated on 08 January 2023. Find out everything about Winston on Shark Tank India, its founders with the latest updates about the company!
Winston on Shark Tank India
Founded in 2021, Winston is an electronics brand created by a married couple. The pitch was part of the fifth episode of 2nd season.
Here are the key details about the pitch of Winston on Shark Tank India:
| Business Name | Winston India |
| Founder | Nikita Malhotra, Himanshu Adlakha |
| Episode no. | Season 02 Episode 05 |
| Ask | ₹1 Crore for 4% Equity |
| Accepted Offer | ₹1 Crore for 10% Equity |
| Sharks | Anupam Mittal, Vineeta Singh |
| Current Status | In-business |
Winston India is a high-quality personal care brand. They are bringing salon-level women’s body trimmers and hair straighteners to the Indian market. They also have facial cleansers and blackhead remover and scalp massagers.
All their products are available on their website and online marketplaces like Amazon, Flipkart, and Myntra. Here is one of their portable Women’s trimmers for facial hair on Amazon (*Affiliate Link):
Or buy it by clicking here: https://amzn.to/3WU4Os3
*Affiliate Link means that we get a certain percentage from the sale when you purchase through our link.
The Adlakha couple asked for ₹1 crore in exchange for a 4% stake in their company. Their FY 2021-22 sales were ₹1.2 crores and their projection for FY 2022-23 was ₹6 crores.
They have around 10 products in their catalog, which are Smart, Sturdy & Super Easy. All the electronic items are sourced from China.
Here is a short video of their pitch:
Namita was not happy with the efficiency of the face mask, so she was already out. Vineeta was also doubtful about the premium prices but she and Anupam liked the design. Both gave a combined offer for ₹10 crores valuation.
Aman was also really interested because of the same business model (as he has with boAt). He was also impressed with how the co-founders were focused on brand building. But he had a conflict of interest (both in the electronics sector), so he had to go out.
In the end, sharks Anupam Mittal and Vineeta Singh closed the deal with Winston India for ₹1 crore for 10% equity.
About Its Founders
Nikita Malhotra and Himanshu Adlakha are the co-founders of Winston India. Their business is based in Faridabad, Haryana.
Nikita is an alumnus of Jesus and Mary College. Her first startup was Milagro beauty which she started in 2018, where she is selling international products from Instagram.
On the other hand, Himanshu did his MBA in marketing from IMT Ghaziabad. His family was already in electronics distribution, so he already had some experience in this space.
After Shark Tank Updates
It was confirmed on social media by Nikita that the deal is accepted. Also, after the episode was released on Friday, their website hosted an up to 50% discount sale for the weekend.
By the way, other businesses featured in this episode are Flatheads and Organic Smokes.
Finally, we can look at their official company product pitch: “Integrating technology into our customers’ personal care routine, Winston brings you the optimum salon experience at home. With a wide range of pro skincare essentials adapting high-end technology, we make beauty time the effortless caring time. We, as a brand, stand strong to change the beauty game while altering the way women see personal care.”
Takeaways
So now you know about Winston personal care appliances’ pitch on Shark Tank India with its latest updates. Hope they grow and grow much further!
I am Ranish Chauhan a.k.a. Fulmino Fan, and I am also a fan of Shark Tank India.