Quirksmith is a silver jewelry brand inspired by poetry.
More About Quirksmith
Quirksmith has a range of products for women inspired by various poetries and general phrases that we use in day-to-day life. Through their work, Quirksmith has created employment for over 50 artisans and their families across India. Also, their in-house team comprises over 60% women today.
Founders of Quirksmith
Divya Batra and Pragya Batra are the co-founders of Quirksmith, a poetic jewelry brand.
Quirksmith Shark Tank Pitch and Updates
Divya Batra and Pragya Batra appeared on Shark Tank India season 3 and shared details about their unique jewelry brand Quirksmith.
The founders started their pitch by reciting a few lines in Hindi and then shared the journey of their business.
They also shared that the jewelry we usually wear is not that interesting and there should be jewelry that can start conversations. Thus, to help people find jewelry items that are cool, and unique, and help in expressing emotions, they started Quirksmith.
As per the founders, in the last 7 years, they have built a loyal community of over 3 lac people.
After that initial pitch, the founder demanded INR 80 Lakhs for 1% equity at a valuation of INR 80 crores.
After that, the Sharks started asking various questions about their jewelry brand:
- The founders gave unique jewelry items to each of the Sharks based on their unique traits. The Sharks loved the products and appreciated their skills.
- Aman Gupta asked the founders about their career background and how they ended up in this business.
- Anupam Mittal asked them why they did not raise an investment till now even after having a solid team and business plan.
- Amit Jain asked them about their website’s traffic, source of traffic, and branded searches for their business. He also suggested them they should focus on increasing that number.
- Vineeta Singh told the founders that their brand was not strong yet and thus she got out of the deal.
After all the discussion, the founders received two investment offers from Aman Gupta and Amit Jain. In the end, they were not able to close the deal because they wanted a higher valuation.
| Company Name | Quirksmith |
| Founders | Divya Batra and Pragya Batra |
| Headquarters | Agra |
| Founded Year | 2016 |
| Business | Poetic Jewelry |
| Profitability | Yes |
| Shark Tank Episode | Season 3 – Episode 17 |
| Asked For | INR 80 Lakhs for 1% equity |
| Deal | No Deal |
| Sharks Invested | No Deal |
| Valuation Given | No Deal |
| Website | Click Here |
Quirksmith was not able to secure a deal on Shark Tank India season 3 as the Sharks were not impressed by their business process and valuation.
Frequently Asked Questions About Quirksmith
After their appearance on Shark Tank India Season 3, people tried to find more information about Quirksmith. So here are some of the frequently asked questions about them.
1. Who Is The Founder of Quirksmith?
Divya Batra and Pragya Batra are the co-founders of Quirksmith, a poetic jewelry brand.
2. Is Quirksmith From Shark Tank India profitable?
Yes, Quirksmith is a profitable jewelry brand and they have around 4% net margins on an average monthly revenue of 70 lakhs.
3. What happened to Quirksmith after the Shark Tank?
Quirksmith was not able to secure a deal on Shark Tank India. However, they are focusing on growing their business and making it a big brand.
4. What Is The Valuation of Quirksmith?
Quirksmith came on Shark Tank India to raise investment at a valuation of 80 crores.
