SoupX is a brand that is leading the way in the healthy meal industry in India. As the country’s first soup-based healthy meal brand, they are on a mission to provide fresh and healthy meals at an affordable price, helping people make a smooth transition to a healthier lifestyle.
More About SoupX
Founded by Uttam Kumar and Priyank Jain, SoupX understands that eating healthy can be a challenge, especially when it comes to finding options that are convenient, tasty, and affordable. That’s why they have worked hard to create a range of soup-based meals that tick all of these boxes.
The company’s nutritionists and chefs, who hail from renowned institutions, have spent a lot of time and effort formulating over 100 healthy soup recipes.
These recipes use only the freshest and most nutritious ingredients and are carefully balanced to provide all the nutrients that the body needs to function at its best. In addition to the soups, SoupX also offers unique healthy sides to complete the meal and provides a full meal replacement option.
Whether you are looking to lose weight, gain muscle, manage diabetes, or simply maintain good overall health, SoupX has got you covered. The company offers a range of options to meet different needs and preferences, so you can choose the meals that are right for you. And because the soups are so convenient and easy to prepare, you can enjoy a healthy meal anytime, anywhere.
Soupx Shark Tank Pitch and Updates
Uttam Kumar and Priyank Jain, the founders of SoupX, appeared on Season 2 Episode 2 of Shark Tank India seeking ₹75 lakhs in exchange for a 6% equity stake in their company. At the time, the brand was valued at ₹12.5 Crore. In just two years, the valuation of SoupX has grown significantly.
Though the pitch started well, there were some issues in the delivery of the message and details by the founder. Anupam Mittal even got a bit angry as the details shared by one of the founders were not based on proper research.
After all the discussions, SoupX finally got a good deal, and here are the updates on the same:
|Founders||Uttam Kumar and Priyank Jain|
|Profitability||Business is Loss Making|
|Shark Tank Episode||Season 2 – Episode 2|
|Asked For||75 Lakhs INR for 6% Equity|
|Deal||50 Lakhs for 18% Equity + 25 Lakhs at Debt of 12%|
|Sharks Invested||Vineeta Singh|
|Valuation Given||2.78 Crores|
SoupX got funding from Vineeta Singh and she invested 50 lakhs for 18% equity plus 25 Lakhs at a Debt of 12%.
Frequently Asked Questions About SoupX
Here are some frequently asked questions about SoupX that people are asking over the Internet after their appearance on Shark Tank India season 2:
1. Who Is The Founder of SoupX?
Uttam Kumar and Priyank Jain are the founders of the brand Very Much Indian.
2. Is SoupX Profitable?
No, SoupX was not a profitable business at the time of their appearance in Shark Tank India season 2. As per their founders, the company is going to be profitable within the next few months. Their sales in June, July, and August are 6 lacs, 7 Lacs, and 8 Lacs respectively.
3. Why Other Sharks Did Not Invest in SoupX?
Aman Gupta did not like the taste of their soup and thus was not that interested in making a deal. Namita was not sure about the logic and details that the founders shared. Anupam Mittal got out of the deal because of the lack of research done by the founders. Peyush Bansal said that he will not be able to add any value to the startup and thus he was out.
3. What Happened to SoupX After Shark Tank?
SoupX received investment from Vineeta Singh and as per the condition, Vineeta wanted the founders to leave their job and work full-time on the startup. This will allow them to focus more on growth and soon make it a profitable venture.