Avataar Skincare is a laser skin treatment company for women. They bring world-class skin treatment services to the comfort of your home.
More About Avataar Skincare
Avataar Skincare provides a range of laser skin treatment services to its customers. Their app allows customers to book laser treatment services right from their homes.
Some of the medical conditions they address are:
- Acne
- Pigmentation
- Unwanted hair
- Hair fall
- Weight reduction, and more.
Founders of Avataar Skincare
Saumya Mishra is the founder of Avataar Skincare, a laser skin treatment service company.
Avataar Skincare Shark Tank Pitch and Updates
Saumya Mishra appeared on Shark Tank India season 3 and shared details about her service company Avataar Skincare.
She started her pitch by sharing the story of different persons and what issues they are facing because of various skin conditions. After that, Saumya told the Sharks that she faced several issues including low confidence because of the acne on her face.
To remove the acne, she underwent laser surgery but had to pay a hefty amount. During this process, she got the idea to start a laser treatment service company and provide world-class skin treatments at affordable prices.
As per the founder, all the equipment used by Avataar Skincare is US FDA-approved, and all their treatments are designed by dermatologists. Clients can receive the treatments at their homes from trained technicians.
Saumya also told the Sharks that they use ‘Cocktail Technology’ which ensures faster results for the clients and reduces the prices by 20-30%. They have provided the services to more than 7000+ customers in Delhi and Bombay.
After that initial pitch, the founders demanded INR 70 Lakhs for 1% equity at a valuation of INR 70 Crores.
After that, the Sharks started asking various questions about her business:
- Peyush Bansal appreciated Saumya’s energy and told her to share more about her background. Later in the pitch, he also suggested the founder not get defensive when they compare the services with other brands.
- Anupam Mittal asked the founder why she chose Avataar as a name for her brand. The founder said that this name goes well with all types of audiences.
- Namita Thapar was more interested in knowing about their process and the business model that they follow.
- Aman Gupta asked the founder to give a demo of their mobile application and buyer’s journey.
- Vineeta Singh asked a few questions from the founder but was not satisfied with how the founder answered. She also left the deal as she found a lack of humility in the founder.
After all the discussion, Saumya received two individual offers from Aman Gupta and Anupam Mittal. She shared a counteroffer and also asked both the Sharks to combine their offers. Aman Gupta and Anupam Mittal accepted the suggestions and closed the deal together.
| Company Name | Avataar Skincare |
| Founders | Saumya Mishra |
| Headquarters | Delhi, India |
| Founded Year | 2022 |
| Business | Laser Skin Treatment |
| Profitability | No |
| Shark Tank Episode | Season 3 – Episode 30 |
| Asked For | INR 70 Lakhs for 1% equity |
| Deal | INR 35 Lakhs for 0.5% equity with INR 35 Lakhs Debt At 14% Interest For 3 Years |
| Sharks Invested | Aman Gupta and Anupam Mittal |
| Valuation Given | INR 70 Crores |
| Website | Click Here |
EatVerse was not able to secure a deal in Shark Tank India because as per the Sharks, their business was not scalable and the vision was not clear for growing it further.
Frequently Asked Questions About Avataar Skincare
After their appearance on Shark Tank India Season 3, people tried to find more information about Avataar Skincare. So here are some of the frequently asked questions about them.
1. Who Is The Founder of Avataar Skincare?
Saumya Mishra is the founder of Avataar Skincare, a laser skin treatment service company.
2. Is Avataar Skincare From Shark Tank India profitable?
No, Avataar Skincare is not yet a profitable business. As per their Shark Tank India pitch, they had a monthly burn of 10-15 lakhs with a contribution margin 2 of 9%.
3. What happened to the Avataar Skincare after the Shark Tank?
Avataar Skincare was able to close a deal on Shark Tank India and raise funding from Aman Gupta and Anupam Mittal. They will be working together to scale the business through an omnichannel strategy.
4. What Is The Valuation of Avataar Skincare?
Avataar Skincare was able to secure funding in Shark Tank India at a valuation of INR 70 Crores.
