Gud Gum Shark Tank India Season 3: Not every entrepreneur innovates for money but some are for the conservation of our Planet. Gud Gum is one such tiny step by two brothers to solve the problem of plastic that is created on Earth. To learn more about Gud Gum on Shark Tank India Season 3, stay tuned with us till the end.
Gud Gum Shark Tank India Season 3
Gud Gum is India’s first plastic-free chewing brand that uses 100% natural ingredients in its making and most importantly it is biodegradable. The founders of Gud Gum presented their unique chewing gums to the Sharks and they loved the spirit and initiative of the founders.
Gud Gum was founded by two brothers Mayank B. Nagori and Bhuvan Nagori in 2022 when they realized that the other chewing gums existing in the market are just plastic. We chew and through it anywhere that ultimately causes harm to the Planet which is definitely not a good thing at all.
Whether chewing gum is a very small piece but tiny steps solve the bigger problem, hence the Nagori brothers launched completely plastic-free, fully biodegradable, and 100% natural ingredients.
As of now, Gud Gum Shark Tank India Season 3 has limited flavors including Charcoal Mint Gum, Strawberry Gum, Lemon Gum, and Raspberry Gum.
Founders of Gud Gum
Mayank B. Nagori and Bhuvan Nagori are the founders of Gud Gum. Mayank completed his Bachelor of Engineering from the B. M. S. College of Engineering in Chemical Engineering in 2016, then he pursued his Master’s Degree in Food Production Management from the University of Nottingham in 2017. Mayank worked in various food industries including Merhaki Foods and Nutrition, Lo! Foods, Tea Potions, Skoosh – Sip Pop Chew, etc.
His entrepreneurial journey started with his first venture Qrackpots in 204 where they used to arrange quiz competitions. In January 2020, Mayank co-founded The Soft Corner, a food & beverage brand serving fresh ice cream. After a few months, he and his brother Bhuvan launched Pani Foods, a kind of custom-made Instant food service. Both brands are also currently in operation along with Gud Gum which was established in 2022 by the Nagori brothers.
Bhuvan Nagori completed his Bachelor of Business Administration from Christ University, Bangalore in 2020 and joined his brother in Pani Foods as a Co-founder.
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Gud Gum Shark Tank Business Deal
Gud Gum on Shark Tank India Season 3 episode streamed on 5 February 2024. The founders presented their products to the Sharks and all of them were too impressed with them. They asked for Rs 50 lakh in exchange for 5%. The first offer was given by Aman Gupta and that was Rs 50 lakh for 5% equity along with 5% royalty until 50 lakh is recouped, Anupam joined him in this offer with 10% equity.
After discussion, Ritesh also joined this offer while Vineeta Singh has also given the same offer of 5% equity and thus joined 3 of them. So Aman, Anupam, Ritesh, and Vineeta offered Rs 80 Lakh for 10% equity along with 5% royalty until 80 lakh is recouped and the deal is sealed with this offer but at 4% royalty.
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In this write-up, I have shared everything about Gud Gum Shark Tank India Season 3. The founders of Gud Gum, believe that if we could eliminate all the plastic used in chewing gums then a large part could be eliminated. Whether a single chewing includes a small amount of plastic tons of chewing can cause a lot of harm.
Hope this Gud Gum 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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Who is the founder of Gud Gum?
Mayank B. Nagori and Bhuvan Nagori founded Gud Gum in 2022 which is a plastic-free, fully biodegradable, and 100% natural ingredients brand of chewing gum.