Gud Gum is India’s first plastic-free and all-natural chewing gum brand. They have a range of products for different age groups and target audiences including athletes, parents, smokers, and diabetic people.
More About Gud Gum
Gud Gum is prepared with Chicle Tree Sap and all their products do not harm the environment as they are biodegradable. Gud Gum comes in various flavors including Charcoal, Raspberry, Cinnamon, Lemon, and others.
Here are some other details about Gud Gum from their Shark Tank pitch:
- They use essential oils, fruit extracts, and natural sweeteners as their core ingredients.
- Their chewing gums are kid-friendly and diabetic-friendly.
Founders of Gud Gum
Bhuvan B Nagori and Mayank B Nagori are the co-founders of Gud Gum, a popular chewing gum brand.
Gud Gum Shark Tank Pitch and Updates
Bhuvan B Nagori and Mayank B Nagori appeared on Shark Tank India season 3 and shared details about their chewing gum brand.
The founders started the pitch with the harmful effects of chewing gums prepared by other brands in the market. They also shared that most of the chewing gums available in the market contain plastic as an element which makes them non-biodegradable. To solve the same issue, they came up with Gud Gum, a 100% natural chewing gum brand.
As per the founders, they have served more than 17,000 customers to date through their website and marketplaces like Amazon.
After that initial pitch, the founders demanded INR 50 Lakhs for 5% equity at a valuation of INR 10 crores.
After that, the Sharks started asking various questions about his business:
- Namita Thapar was interested to know about their career journey and how they started this brand.
- Aman Gupta said their packaging is not that good because the chewing gums were packaged in a plastic pouch.
- Anupam Mittal said that he connected with them 9 months back and they have improved a lot since then.
- Vineeta Singh asked a few questions about their products, competitors, and also the target market.
- Ritesh Agarwal asked about the market size and other big players in the market.
After all the discussions, Gud Gum received multiple offers from various Sharks and in the end they went with a combined offer.
| Company Name | Gud Gum |
| Founders | Bhuvan B Nagori and Mayank B Nagori |
| Headquarters | Bangalore |
| Founded Year | 2022 |
| Business | Chewing Gum Brand |
| Profitability | Yes |
| Shark Tank Episode | Season 3 – Episode 11 |
| Asked For | INR 50 Lakhs for 5% equity |
| Deal | INR 80 Lakhs for 10% equity with 4% Royalty Until 80 lakhs is Recouped |
| Sharks Invested | Aman Gupta, Ritesh Agarwal, Vineeta Singh, and Anupam Mittal |
| Valuation Given | INR 8 Crores |
| Website | Click Here |
Gud Gum got a deal of INR 80 Lakhs for 10% equity with 4% Royalty Until 80 lakhs is Recouped from Aman Gupta, Ritesh Agarwal, Vineeta Singh, and Anupam Mittal.
Frequently Asked Questions About Gud Gum
After their appearance on Shark Tank India Season 3, people tried to find more information about Gud Gum. So here are some of the frequently asked questions about them.
1. Who Is The Founder of Gud Gum?
Bhuvan B Nagori and Mayank B Nagori are the co-founders of Gud Gum, a popular chewing gum brand.
2. Is Gud Gum From Shark Tank India profitable?
Yes, Gud Gum is a profitable chewing gum brand and they make around 18 Rupees of profit on every 99 Rupees chewing gum pack.
3. What happened to Gud Gum after the Shark Tank?
Gud Gum was able to secure a deal from Shark Tank India season 3 and they will now be focusing on better packaging and scaling their business.
4. What Is The Valuation of Gud Gum?
Gud Gum received investment in Shark Tank India at a valuation of 8 crores.
