Mintree Business In the demo, Shark Tank India Business Founder has presented Self Care with Natural Component. But if we look at this business through the internet, Mintree USA is written everywhere on their website and social media.
Shark Tank India Season 3 Actually, Foreigner Business Pitch had come, but he was an entrepreneur settled in India. We will try to know in detail from today's Business Review why Mintree Founder is giving business pitch with Indian name as Mintree USA.
Contents
Mintree Business Vision
Mintree Business Vision is to introduce its Innovative Products with the help of USA Formulated towards Clean & Conscious Beauty.
Mintree Founder
Mintree Founder – Kanika Dewanii
Mintree Founder Kanikka Dewanii studied Advanced Diploma in Fashion Design and Technology from Wigan and Leigh College, Mumbai. Apart from that, he has also studied Bachelor of Computer Applications & Commerce from Hislop College.
To further enhance her academic knowledge, she completed Master's Degree, Design management, Strategic Fashion Marketing, Contextual Studies in Fashion certification from London College of Fashion, University of the Arts London.
To obtain his Post Graduation Degree, he has done PGDM, Family Business Management course from SPJIMR SP Jain Institute of Management & Research.
Mintree Founder Kanikka Dewanii has 16 years of experience in the Beauty, Fashion and Lifestyle Industry. He has worked in diverse roles like Creative Director, Product Manager and Marketing Manager.
With experience in renowned business companies like Reliance Brands Ltd, L'Oréal Paris, Benefit Cosmetics (LVMH Group) and Pantaloons, he has worked as an Entrepreneurship Journey and Brand Consultant.
About Mintree Shark Tank India Business
Mintree Founder Kanikka Dewanii told that he makes Skin Care Body Care Products. She has always prepared herself for serial innovation in the beauty industry.
In Mintree Business also, he has designed Mintree Beauty Product Range with Organic and Clean Component by adding New Product Development and GTM Strategy to make it a successful Beauty Brand.
Mintree Founder Kanikka Dewanii Has started its business journey in 2016. He has built Mintree USA and Vedic Valley Business under his leadership. The founder has also worked as contract manufacturers for businesses like Lakmé, Myglamm, and Urban Company.
Not only this, having exclusive distribution rights in international beauty brands, Kanikka has also worked with Melbath (USA), Mollon Pro (France), Macpaul, and Bijoux de Pelle (Brazil).
In Mintree Business, apart from Hair Care Products, Body Care Products, Skin Care Products, Mintree Product Range like Salon Kits is sold. Mintree sells relatable products like Scrub, Butter, Mask as well as Facial Kit and Foot Peel.
Mintree Business Statistics
- Mintree Products are currently sold mostly by 3000 Salons. And now she wants to work hard to enter the B2C market.
Mintree Sales
- FY 23 – 24 Projected Sales (from Salon) – ₹17.5 Crore
- FY 22 – 23 – ₹9 crore
- FY 21 – 22 – ₹5.4 crore
- FY 20 – 21 – ₹3.5 crore
- FY 19 – 20 – ₹3 crore
- FY 18 – 19 -₹1 crore
Mintree Profit
- FY 23 – 24 Projected Profit – 12% (12% of Rs 17.5 crore)
- FY 22 – 23 – ₹1 crore
- FY 21 – 22 – ₹28 lakh
- FY 20 – 21 – ₹4.5 lakh
- FY 19 – 20 – ₹28 lakh
- FY 18 – 19 – ₹2 lakh
Investment Guidance from Shark Judges on Mintree
Mintree Beauty Business Pitch featured Shark Vineeta Singh from Cosmetic Industry, Shark Aman Gupta from B2C Business Industry, and Diversified Investors Shark Peyush Bansal, and Shark Anupam Mittal. ), along with new Shark Judge Azhar Iqubal, these 5 Shark Judges are present in the First Week Shark Tank India Episode.
Regarding Mintree Beauty Business Pitch, Shark Aman Gupta felt that after being dependent on the salon, he was also dependent on his customers. But Founder told that Salon is happily presenting their products calling them premium service.
And according to (Shark Vineeta Singh), they still have room to earn a lot in Salon Business and there is no need to go into B2C. According to Shark Anupam Mittal, they will have to understand many more things about B2C business and their products are quite expensive.
Mintree Equity Structure
Founder Puri, along with his parents, has kept the entire equity till now with his initial investment of ₹3 crore;
- Kanika Dewanii – 50%
- Mother – 25%
- Father – 25%
Mintree Shark Tank India Deal
Mintree Business Final Deal – Kanika finalizes deal with new Shark Judge Azhar Iqubal and Shark Peyush Bansal at ₹90 lakh for 1.5%, Valuation – ₹60 crore.
| Mintree Shark Tank India Episode Number | Shark Tank India Season 3, Episode 4 |
| Mintree Shark Tank India Episode Air Date | 25 January 2023 |
| Mintree Founder's Name | Kanika Dewanii |
| Mintree Ask in Shark Tank India | ₹90 Lakhs For 1% Equity |
| Mintree Deal in Shark Tank India | ₹90 Lakhs For 1.5% Equity |
| Mintree Investors From Shark Tank India | Peyush Bansal, Azhar Iqubal |
| Mintree Official Website | Mintree |
| Mintree Review | Mintree Review |
| Mintree Company Valuation | ₹60 Crores |
Must Read:
80 Wash – Waterless Washing Machine Shark Tank India Complete Review
UR Terms Intelligent Apparel Shark Tank India Business Complete Review
Blix Quaeky Shark Tank India Complete Review
Conclusion
Mintree Shark Tank India The business is going to get customers from many Beauty Product Lover Audience. Consider what you think about the Indian market for investing in this business pitch, along with Shark Judge's expert commentary.
Nowadays many come up with self care products, but along with effective beauty products, many such businesses become successful with business skills.