Bhaskar’s Puranpoli Ghar is an innovative brand that serves the famous Indian delicacy Puranpoli to the masses.
The makers sell this amazing dish in multiple varieties and ensure it is free from color, preservatives, or chemicals, making it a great healthy choice.
This company is the brainchild of Bhaskar KR, who first started this brand in Karnataka. Later Vittal Shetty and Sourabh Choudhary joined him in upscaling the brand in Mumbai under the label Bhaskar’s Puranpoli Ghar (BPG).
The company’s vision is to open 100+ outlets nationwide and allow everyone to indulge in this amazing delicacy.
More About Bhaskar’s Puranpoli Ghar
The business has been operating since 2021, making significant sales and gaining profits since it appeared on shark tank.
The company uses Ayurvedic herbs to create the beverages. In addition, they use German techniques and certain specific ingredients that add a hint of sweetness but do not add any calories.
The unique features of Bhaskar’s Puranpoli Ghar include the-
- They have 24 different varieties of Puran Poli
- Their products are entirely free from chemicals, colors, preservatives, and essence of any type.
- Besides Puran Poli, they sell 400+ varieties of snacks, including mixtures, Rava laddoo, etc.
Bhaskar’s Puranpoli Ghar Shark Tank Pitch and Updates
The founder of Bhaskar’s Puranpoli Ghar appeared on Shark Tank India Season 2 Episode 6 and demanded INR 75 lakhs for a 1% equity at a valuation of 75 crores.
After the initial pitch, Peyush was interested in learning when people typically have Puran Poli. Vittal explained that people love this as a dessert, but in some parts of India, people have this for breakfast. After the initial conversation, the sharks wanted to learn about Bhaskar’s journey.
He explained how he ventured into different businesses and struggled through life before starting this company. His experience touched the sharks, and Anupam asked more about the sales. According to Vittal, they started their first outlet in Thane in 2021, with four outlets in Maharashtra.
Anupam was more interested in the numbers, and Vittal explained that they made INR 1.6 crores in FY 21-22 from only the Thane outlet.
Calculating the total sales from all three franchises and one outlet, they made around INR 18.5 lakhs in the last month. Out of these sales, they make around 18-20% profits, which gives them INR 3.6 lakhs per month.
But after learning about the numbers, Peyush was confused why they were not opening their own outlet by giving out franchises. To this, Vittal explained that they are planning to do that only in the next year and wish to open three outlets.
However, Vineeta was not convinced, and according to her, the multiple businesses of the owners felt they didn’t really need investors since they could scale the business with their own capital itself. Hence she was out.
Followed by her, Peyush also said that he was not convinced why they are seeking INR 75 lakhs for 1% equity because, technically, he could be making three to four times more profit after getting two franchises at the same price.
Anupam was the second one to move out of the deal. Because according to him, Vittal and Sourabh were playing more of a marketing game, and there were multiple conflicts of interest. Also, he could not figure out the reason for their wanting the investment.
After Anupam Peysuh also gave his decision. He said that they at least need to give 15-20% equity for INR 75 lakhs else they won’t be able to get any deal. He further suggested they take a debt and open company outlets to further scale the business, but he was not convinced to take the deal forward.
The last shark left was Aman. But he felt that since the owners have so many businesses, they won’t be totally dedicated, and hence he was also unable to move forward with the deal.
|Company Name||Bhaskar’s Puranpoli Ghar|
|Business||Puran Poli and Other Snacks|
|Shark Tank Episode||Season 2 – Episode 6|
|Asked For||INR 75 lakhs for 1% equity|
Unfortunately, Bhaskar’s Puran Poli Ghar was not able to secure any deal on Shark Tank this season.
Frequently Asked Questions About Bhaskar’s Puranpoli Ghar
After their appearance on Shark Tank India Season 2, people were trying to find more information about Bhaskar’s Puranpoli Ghar. Here are some of the frequently asked questions about them.
1. Who Is The Founder of Bhaskar’s Puranpoli Ghar?
The founder of the company is Bhaskar KR. He was involved in multiple businesses before venturing into this business.
2. Is Bhaskar’s Puranpoli Ghar profitable?
Bhaskar’s Puranpoli Ghar is a newly launched company in Mumbai, but they are already showing some amazing growth.
3. Why did the Sharks not invest in Bhaskar’s Puranpoli Ghar?
Vineeta did not invest because she felt that they did not really need an investor and could fund their own expenses. For Peyush, the reason was almost the same since he did not see much profit in getting that 1% equity that they were offering.
Anupam was not convinced with their business plan and believed Sourabh and Vittal were playing more of a marketing game. As for Namita, the taste was not palatable to go pan India, and Aman felt that the owners already had too many businesses and were really not in need of some investment.
4. What happened to Bhaskar’s Puranpoli Ghar after the Shark tank?
Unfortunately, Bhaskar’s Puranpoli Ghar was unable to secure a deal on the Shark tank. However, we are keeping up with the brand and shall share all the updates if we receive any latest news.