10 Un-funded Startups and Reason for Why those not funded
Shark Tank is a show which becomes word of mouth in every living room. This is a popular Indian TV show which brings entrepreneurial talk to a bedroom. Everyone starts loving the negotiation round and the startup deals excite the people of India. This is one of the great shows which raise the interest of people in startups and businesses. If you are also an entrepreneur and want to learn from failed startups then you are in the right place.
Shark Tank is the fastest growing startup support system to get investment for your start-up, however, the funding rate is very low. In short, your startup pitch doesn’t matter because it is very difficult to get a deal on the show. We understand this and that’s why we are going to represent 10 Un-funded Startups and Reasons for Why those are not funded.
10 Un-funded Startups and Reason for Why those not funded
As one popular Indian Monk said - Learn from the mistakes of others, your age will be too short to learn by making mistakes yourself. If you want to be a successful entrepreneur then you should try to learn from the top 10 un-funded startups and try to learn why they do not get their desired deal.
1. Morriko Pure Foods
This is a startup from Gujarat, and its founder aims to become one of the greatest and healthy snack companies in India. Their best feature is they use solar dehydration technology to preserve food items that do not compromise with the vitamin and minerals of those food items. In Shark Tank India this company asks for INR 1 Crore in the exchange for 3 percent equity of the company. However, the deal will fail when Sharks ask for 25 percent equity in that amount.
2. SaptKrishi
This is another one of the popular startups based on agri-tech startups. In this business, they come forward with the technology called Sabjikothi. In this startup, their main motive is to manufacture of best storage setup for short-life agriculture items like - fruits and vegetables. Their strategy is to grow fruits and vegetables and store them using portable microclimate technology which protects those fruits and vegetables for a long time.
The Sharks do not like to make any deal over this startup because of the high revenue risk.
3. ScrapShala
This is another interesting startup in which founders present it as a platform where they make functional and decorative products out of scrap. This startup is started by a mother-daughter duo, through this startup they provide employment to local artisans and provide a platform to showcase all their work worldwide. But the shark was not impressed by their pitch and no member of shark tank India was ready to invest in this business.
4. ExperientialEtc
This is one of the popular tech marketing agencies, and they want to enter the market of advertisement with new-age advertising strategies and technologies. This company produces LiveGlass, Holo Pyramid, attractive display, digital solutions to represent any advertise uniquely. This Mumbai-based startup wants INR 2 Crore in exchange for 4 percent equity. Shark was quite impressed with their pitch but left this startup without any deal because the owner of this startup don't want to reduce the price for 4 percent equity.
5. Agri Tourism
This is also one of the popular startups based on agriculture and tourism together. This unique startup working on the concept of combining tourists and villages. The idea behind this startup is to give an authentic experience of living in a village to outer tourists, this will eventually benefit the farmer and other village occupations. This will also bring Indian villages all over the world. But Sharks don't find this startup as a profitable business in the long run and that's why they don't show their interest in this business.
6. Theka Coffee
The idea behind this startup is to provide Indian coffee, that has a long shelf-life. Their pitch will attract all the members of shark and in the funding round owner of the startup approached Shark Tank India to seek INR 50 Lakhs in exchange for a 10 percent stake in their company. However, shark tank investors refuse this deal after brainstorming on the product for the reason that it will very difficult to manage a beverage supply chain in India.
7. Tourch-It
This is another one of the popular startups whose main motive is to provide an instrument to visually impaired people. The instrument they give is like a sensor which sens all the obstacles in the way of visually impaired people and guides them to walk properly and make their life easy. To sell this product all over India they want the investment of INR 75 Lakhs for 1 percent equity in his company. But sharks don't like their pitch and refuse to proceed with investment on this deal.
8. Good Good Piggy
This is an ed-fintech startup that aims to help kids some positive money according to their age. The concept of this app is to develop some skills of money management in the gamification approach. This concept and pitch are also not able to attract Sharks of Shark Tank.
9. Shades of Spring
This company aims to provide the extraordinary experience of flower delivery in which their flower boxes will be hand-picked by floral experts and this company provide DIY beautiful flower boxes on a subscription basis and they approach for INR 3 Crore for 1 percent equity of the company, but the sharks do not attract from this business model and then finally there is no deal.
10. Sippline Drinking Shield
This is another one of the popular startups which gets its popularity as one of the worst startups of Shark Tank. This fastest growing startup support system is based on the idea of a portable glass attachment that protects your lips to touch the glass. This startup will make the shark tank episodes very funny and no one will be ready to invest in this portable plastic glass attachment whose main motive is to protect the lips.
Last Words
Hope you read all the information which given in this article and if you understand everything about 10 Un-funded Startups and the Reason for Why those are not funded with this article, then I think your face will get new light of excitement and this will change your mind and help you to show the right path of brainstorming. Then do not forget to share this article and if possible leave this valuable comment below and also leave your valuable suggestions below.