Turms Shark Tank India Season 3

What Happened to Turms After Shark Tank India?

Turms is an intelligent apparel fashion brand in operation since 2016. They have a range of products having certain features that make them unique on their own.

More About Turms

Turms is an old apparel brand and was initially owned by a different founder. The current founder bought the brand and started it again in 2022. Turms provides apparel for both men and women and here are some of their popular products:

  • Anti-stain Shirts
  • Anti-stain/odor Polo T-shirts
  • 30 Days No Wash Jeans
  • 7 Days No Smell Socks

Founders of Turms

Surender Singh Rajpurohit is the founder of Turms, the popular intelligent apparel fashion brand.

Turms Shark Tank Pitch and Updates

Surender Singh Rajpurohit appeared on Shark Tank India to raise funds for his startup Turms. Peyush Bansal was waiting to meet the founder because he was an investor in Turms when it was owned by its old founder. Peyush was not getting any response from the old team.

Surender Singh Rajpurohit started his pitch by addressing the fact that he is now the new founder of Turms. He bought only the brand and not the business so Peyush should connect with the old founders to get an update on his funding.

After that, Surender Singh demonstrated his products, and the sharks were impressed by the quality and technology.

After the initial pitch, Turms’ founder demanded INR 1.2 Crores for 2% equity at a valuation of INR 60 crores.

Below are some major interactions that he had with the Sharks:

  • Azhar Iqubal asked about his acquisition process and how much valuation he acquired for the business.
  • Peyush Bansal asked the reasons for the old founders to ghost his messages and Surender Singh shared the complete story.
  • Vineeta Singh wanted to understand how their technology works and the founder shared the details.
  • Anupam Mittal was happy with the technology but was not much impressed by their designs.
  • Aman Gupta said he learned a lot from the founder about execution and thus gave the first offer.

After all the discussions, Surender Singh received multiple offers from Aman Gupta, Anupam Mittal, Azhar Iqubal, and Vineeta Singh. As the founder was not interested in a royalty deal, he was only left with Azhar Iqubal’s offer which he accepted.

Company Name Turms
Founders Surender Singh Rajpurohit
Headquarters Bangalore
Founded Year 2022
Business Fashion Brand
Profitability Yes
Shark Tank Episode Season 3 – Episode 4
Asked For INR 1.2 Crores for 2% equity
Deal INR 1.2 Crores for 4% equity
Sharks Invested Azhar Iqubal
Valuation Given 30 Crores
Website Click Here

Turms got a deal of INR 1.2 Crores for 4% equity at a valuation of 30 Crores from Azhar Iqubal, founder and CEO of Inshorts.

Frequently Asked Questions About Turms

After their appearance on Shark Tank India Season 3, people tried to find more information about Turms. So here are some of the frequently asked questions about them.

1. Who Is The Founder of Turms?

Surender Singh Rajpurohit is the founder of Turms, the popular intelligent apparel fashion brand.

2. Is Turms From Shark Tank India profitable?

Yes, Turms is a profitable startup and made a profit of 9.72 lakhs in October 2023 from 86 Lakhs in sales.

4. What Are The Sales of Turms After Shark Tank India?

As per the founder, Turms made sales of 3 lakhs in October 2022 in the first month and they closed the financial year 22-23 at 57 lakhs of sales. He also shared that last month they did a sale of 86 lakhs.

4. What happened to Turms after the Shark Tank?

Turms secured a deal from Azhar iqubal in Shark Tank India and will be using the funds to scale their business online.