Shark Tank India Season 4 is generating significant excitement with its fresh season, showcasing a wide array of entrepreneurs and their creative concepts. Among the standout presentations was Imagimake’s unveiling of the Spyrosity Quilling Kit. This innovative kit enables users to effortlessly craft intricate designs, captivating the Sharks with its unique features and accessibility.
One of the Sharks, Azhar Iqubal, co-founder and Chairman of Inshorts, expressed particular admiration for the impressive growth trajectory of the company. As of October 2024, Imagimake reported a year-to-date revenue of Rs 42.5 crore, aiming for a target between Rs 87 crore and Rs 90 crore for the financial year 2024-25. Additionally, the company has successfully secured two funding rounds: the first from the Roha Group and the second from Pidilite Ventures, the latter contributing Rs 20 crore at a pre-money valuation of Rs 105 crore. Imagimake currently maintains reserves of Rs 8 crore.
During their presentation, the entrepreneurs demonstrated the Spyrosity Quilling Kit, allowing the Sharks to engage with the product directly. Aman Gupta crafted a fish using the patented tool designed for a hands-free and mess-free quilling experience, delighting the panel. The founders highlighted their commitment to innovation and user-centric designs, attributing these achievements to their dedicated in-house development team.
Although the Sharks were impressed with the business model, several opted not to invest. Aman Gupta acknowledged the entrepreneurs’ skills, suggesting they could thrive independently. Likewise, Kunal Bahl and Azhar Iqubal shared the sentiment that the duo had already accomplished success and did not require additional guidance. On the other hand, Vinita Singh made a proposal of Rs 50 lakh for a 0.5% equity stake, along with Rs 1 crore in debt at an interest rate of 10% over three years. She expressed her readiness to support the company beyond mere investment, emphasizing her appreciation for their Made-in-India philosophy and robust operational framework.
Azhar Iqubal showcased remarkable speed in calculations and an acute understanding of math, leaving Vinita Singh and Aman Gupta in awe. His swift assessment of the company’s financial health and growth potential underscored his mathematical and analytical proficiencies, a testament to his extensive experience as the CEO of Inshorts, where he adeptly navigates the complexities of the digital media sector.
The Sharks were notably impressed by the company’s growth and innovative product range. As discussions progressed, each Shark offered their input, with Vinita Singh showing interest yet ultimately stepping aside as Aman became Kiran’s favoured candidate. A deal was finalised, prompting Aman Gupta to celebrate, likening himself to a “hero” for supporting the brand.
The atmosphere in the room was filled with camaraderie as Peyush Bansal humorously cautioned Kiran about the challenges ahead. The episode illustrated the vibrant and collaborative spirit of Shark Tank India, where entrepreneurs gain not only financial backing but also strategic advice and mentorship from experienced business leaders like Azhar Iqubal and Aman Gupta.
