Arnav Kumar, the founder of Toyshine, pitched his business on Shark Tank India. This popular television show shark tank India features aspiring entrepreneurs who present their products and business ideas to a panel of investors, known as the “Sharks.” Kumar’s pitch caught the attention of the Sharks and also impressed them at shark tank India, and he ultimately secured a deal that would help him take his business to the next level. Toyshine is a brand that provides a wide range of educational toys that foster creativity, learning, and development in children.
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The Pitch at Shark Tank India
During his pitch, Kumar explained that his passion for education and learning inspired him to create a brand that makes learning fun for children. He noted that many educational toys on the market were dull and uninspiring, and he wanted to create something that children would enjoy playing with.
Kumar presented a range of toys, including building blocks, puzzles, and art supplies. He demonstrated how the products could teach children about shapes, colours, and patterns, which impressed the Sharks. The quality of the products and the creativity of the designs were also highly praised.
The Deal on Shark Tank India
Toyshine’s business on Shark Tank India Season 2, the founder is seen discussing the business while standing in a palace of toys and surrounded by other toys. The entrepreneur explains that “Toyshine is a preschool and toddler specialist indoor toy brand that creates high quality, affordable, and unique toys.” Shark Aman Gupta asks the founder about the company’s sales and valuation, to which the founder replies that they earned 45 crores (approximately 6 million USD) in the previous year.
Shark Piyush explained that the journey beyond 100 crores (approximately 13 million USD) is a new challenge, which requires a lot of thought and discussion to overcome and move forward with the business, or to continue running the business within these figures. Due to these very reasons, some sharks do not make an offer and no deal is made.
The Impact of Toyshine
Toyshine has continued to expand and grow since appearing on Shark Tank India. The company has developed new products and expanded its distribution network to reach a wider audience. Toyshine is well-known for its commitment to quality and focus on creativity and learning. The experience on Shark Tank India has helped Kumar take his business to the next level, and he is grateful for the opportunity to have shared his vision with a wider audience.
Educational Focus: Toyshine’s focus on education is what sets it apart from other toy brands. The brand’s products are designed to make learning fun and interactive while promoting creativity and development in children.
Quality Products: The quality of Toyshine’s products is impressive, and it shows in the design and construction of each toy. The brand uses safe, non-toxic materials to create durable and long-lasting toys.
Wide Range of Products: Toyshine offers a diverse range of products, from building blocks to puzzles and art supplies. The brand’s products cater to children of all ages and are perfect for both individual play and group activities.
Creativity and Imagination: Toyshine’s products are designed to foster creativity and imagination in children. From designing their creations with building blocks to exploring colors and patterns with art supplies, children can unleash their creativity with Toyshine’s toys.
Shark Tank Success: Toyshine’s success on Shark Tank India helped to bring the brand to a wider audience. The investment from Mark Cuban not only provided financial support but also valuable guidance and expertise to help the brand grow.
The Facts of Toyshine
- Toyshine’s parent company was started in 2008.
- Toyshine now has over 2000 unique toys.
- Toyshine is a leading brand in the toy industry. Last year, Toyshine had sales of ₹45 crores. With over 1 million product reviews on Amazon.
- Toyshine has won several awards for its innovative and high-quality products. In 2019, the brand won the Best Toys of the Year Award.
Conclusion
Toyshine is an excellent example of a business that leveraged the power of Shark Tank India to propel its brand to greater heights. The company’s dedication to creativity, learning, and quality resonates with consumers, and the support of a Shark like Mark Cuban has propelled Toyshine’s success. If you are in search of high-quality educational toys for your children, Toyshine is a brand to consider.
In summary, Toyshine is an educational toy company that gained recognition for its innovative and creative products. The Shark Tank India pitch was a pivotal moment that brought the company to a wider audience, and the investment from Mark Cuban helped the company to achieve even greater success. Toyshine’s commitment to quality, creativity, and education makes them a great option for parents looking for fun and educational toys for their children.