Avataar Skincare Shark Tank India Season 3: Ai has invaded every possible industry even the beauty industry as well. People are understanding how to use AI for human benefits and one such benefit is taken by Avataar Skincare Technologies to solve people’s skin problems with an AI analyzer. The unique idea of skin treatments makes Avataar Skincare a world-class brand. To learn more about Avataar Skincare Shark Tank India Season 3, stay tuned with us till the end.
Avataar Skincare Shark Tank India Season 3
Avataar Skincare Technologies is an effective laser skin treatment company that brings world-class skin treatment to the comfort of your home. The founder of Avataar Skincare presented her business model, products, and vision to the Sharks. She presented her business and services with full confidence as Avataar Skincare is the only company in this market according to the founder.
Avataar Skincare was started in April 2022 and before that, the founder has surpassed a long journey to gain experience in the real world. The brand provides tech-enabled, innovative, invasive, and non-invasive skin treatment for men and women. Another great thing they are doing is that they offer home services for their customers that ultimately give comfort.
Apart from that, they have also enabled AI to their platform for the analysis of your skin and suggest customized solutions as per your real skin problem. They operate through their app.
Founder Of Avataar Skincare
Saumya Misra is the founder of Avataar Skincare, a laser skin treatment provider company at home for both men and women. She appeared on Shark Tank India Season 3 to promote her brand and raise some funds to grow her business.
Saumya completed her Bachelor of Technology degree at Maulana Azad National Institute of Technology in electronics and communication engineering in 2011 and then enrolled at the Indian Institute of Management, Bangalore to pursue her Post Graduation Program in 2013 which she completed in 2015.
After completing her Bachelor’s degree, she started working at Bharat Heavy Electricals Limited, Bhopal as a Production Engineer in August 2011 and then joined Bain & Company in 2014 during her PGP at IIM for 2 months. After the completion of her formal education, she joined Bain & Company as an Associate Consultant and worked for around 5 years and 6 months in different positions. After this company, she joined Heidrick & Struggles as an engagement leader in December 2020 and left it in September 2022 to start her entrepreneurial journey with Avataar Skincare Technologies.
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Avataar Skincare Shark Tank Business Deal
Avataar Skincare on Shark Tank India Season 3 episode aired on 1 March 2024. The founder of Avataar Skincare presented her business model and products to the Sharks and asked for Rs 70 lakh for 1% equity. The first offer was given by Anupam Mittal which was Rs 70 lakh for 3% equity and Aman Gupta also matched this offer.
The founder gave a counteroffer which was Rs 35 lakh for 0.5% equity and the rest of the Rs 35 lakh on debt at 14% interest rate for 3 years. Anupam revised his offer for Rs 20 lakh for 0.29% equity and the rest of the Rs 50 lakh on debt at a 14% interest rate for 3 years and Aman also matched this offer. The founder asked if Anupam and Aman could come together with Rs 35 lakh for 0.5% equity and the rest of the Rs 35 lakh on debt at a 14% interest rate for 3 years and the deal was sealed.
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Final Words
In this write-up, I have shared all the crucial details about Avataar Skincare Shark Tank India Season 3 including the pitch, business, products, and founder. The founder of Avataar Skincare has done a great job. She has played well and will get the advantage of the first move.
Hope this Avataar Skincare Shark Tank business deal was learnable for you and the content I have shared was also useful for you. To get instant updates about Shark Tank India Season 3, stay connected with us. Thanks for reading.
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FAQs
Who is the founder of Avataar Skincare?
Saumya Misra is the founder of Avataar Skincare, a laser skin treatment provider company at home for both men and women.
