Without by Ashaya is the world’s first recycled sunglasses brand that uses chips packets to make sunglasses.
More About Without
WITHOUT is a social enterprise that aims to increase the value of waste through technological and scientific innovations in recycling and then fairly redistribute that value to stakeholders in the supply chain.
WITHOUT™ is built by Ashaya, a social enterprise based in Pune, Maharashtra that is reimagining waste and poverty.
Founders of Without
Anish Kishore Malpani is the founder of Without, the world’s first recycled sunglasses brand made out of packets of chips.
Without Shark Tank Pitch and Updates
Anish Kishore Malpani appeared on Shark Tank India season 3 and shared details about his unique approach to recycling packets of chips.
The founder started his pitch by sharing the harmful effects of packets of chips on the environment. The packets are made of MLP(Multi-layered Plastic) and are almost impossible to recycle. These packets pollute the environment and thus need some solution.
To help people with a solution, their research lab in Pune found a technology to recycle these packets and prepare sunglasses out of that. Using that technology, they started Without, the world’s first recycled sunglasses brand.
As per the founders, their products are high-quality, durable, and lightweight.
After that initial pitch, the founder demanded INR 75 Lakhs for 1% equity at a valuation of INR 75 crores.
After that, the Sharks started asking various questions about his business:
- Anupam Mittal asked him about his career background and why he started this business.
- Ronnie Screwvala asked him why he chose sunglasses only as a product out of waste and not something else.
- When the founder shared his products to demonstrate, all the Sharks liked the product quality and finish.
- Aman Gupta asked him about his future goals and what other products they would be building apart from sunglasses. The founder told Aman that they are building an MLP recycling plant where they will be able to recycle large amounts of plastic.
- Radhika Gupta asked him about their previous investment rounds and how much money his startup has raised till now.
After all the discussion, the founder was able to receive multiple offers from various Sharks. In the end, the founder went with a combined offer from Peyush Bansal and Ronnie Screwvala.
| Company Name | Without |
| Founders | Anish Kishore Malpani |
| Headquarters | Pune |
| Founded Year | 2021 |
| Business | Recycled Sunglasses |
| Profitability | – |
| Shark Tank Episode | Season 3 – Episode 16 |
| Asked For | INR 1.5 Crores for 2% equity |
| Deal | INR 75 Lakhs for 3% equity |
| Sharks Invested | Peyush Bansal and Ronnie Screwvala |
| Valuation Given | INR 25 Crores |
| Website | Click Here |
Without secured a deal of INR 75 Lakhs for 3% equity at a valuation of INR 25 crores from Peyush Bansal and Ronnie Screwvala.
Frequently Asked Questions About Without
After their appearance on Shark Tank India Season 3, people tried to find more information about Without. So here are some of the frequently asked questions about them.
1. Who Is The Founder of Without?
Anish Kishore Malpani is the founder of Without, the world’s first recycled sunglasses brand made out of packets of chips.
2. Is Without From Shark Tank India profitable?
There are currently no details about their profitability as they were in a research and development phase at the time of their Shark Tank pitch.
3. What happened to the Without after the Shark Tank?
Without was able to secure a deal from Shark Tank India and would be using the investment and collaboration to scale their impact-based brand.
4. What Is The Valuation of Without?
Without was able to secure an investment on Shark Tank India at a valuation of INR 25 crores.
