Mintree On Shark Tank India Season 3: The fascination will not stop at the 3rd season of Shark Tank due to the innovative business ideas presented by their founders. Today, we will watch a personal-care brand on the show named Mintree, a dedicated skincare and body-care product manufacturing brand with many qualities. So stay tuned to learn more about Mintree Shakr Tank India season 3.
Mintree On Shark Tank India Season 3
Mintree is a skincare and body-care brand that has made a lot of commitment toward product quality and sustainability. The founder of Mintree, Kanika Dewani represented Mintree on Shark Tank and cleared her objectives, vision, and mission in front of the Shark.
Mintree was started in 2013 and created beauty products by mixing the goodness of nature and technology. As of now, they have products in categories such as body, hair, skin, nails, and salon-special Manicure & Pedicure-kit, Facial-kit, etc. that they provide to the salons and are also planning to launch D2C category as well.
Mintree has also taken another step toward sustainability by making biodegradable packaging that decomposes in 90 Days only. Mintree products acquired organic actives, vegan, sulfate-free, cruelty-free, silicon-free, and paraben-free practices.
Founder of Mintree
Kanika Dewani is the founder of Mintree Cosmetics Pvt. Ltd. started in the year 2013. She represented her brand and products at Shark Tank. She has completed an Advanced Diploma in Fashion Design and Technology from Wigan and Leigh College, Mumbai. She also holds a Masters Degree in Design Management and Strategic Fashion Marketing.
Kanika has expertise in the beauty, fashion, and lifestyle industry for over 16 years and she has worked for many renowned brands including L’Oréal Paris, Benefit Cosmetics (LVMH Group), Reliance Brands Ltd, and Pantaloons.
She has also been honored with many prestigious accolades that are given below.
- TIMES Most Influential Personalities Award 2021
- Vidarbha Udyog Awards 2019
- Contract Manufacturing Private Label Awards 2019
- FICCI Flo The Game Changer Women Startup Awards 2021
- TiE Best Startup Award (Regional) 2021
Meet: All the 12 Shark Tank India Season 3 Judges.
Mintree Shark Tank Business Deal
Mintree Shark Tank India Season 3 episode aired on 25 January 2024. Kanika presented his products and business model to the Sharks and all of them just loved her products as they have premium quality packaging and are free from harsh chemicals. She asked for Rs 90 lakh in exchange for 1% equity.
The first offer was made by Anupam Mittal which was 90 lakh for 3% along with 2% royalty until Rs 1.35 Crore is regained, Vineeta made this exact offer thus they both joined as well. Azhar Iqubal and Peyush Bansal both offered 90 lakh for 3% along with 1% royalty until Rs 1.35 Crore is regained.
Aman was already out. Kanika was not able to take royalty deals, which is why all the Sharks revised their offers. Vineeta and Anupam made it on 2% for 90 lakhs while Azhar and Peyush made it for 1.5% equity to give 90 lakhs. Kanika talked with her father and locked the deal with Peyush and Azhar.
Get Here: Every update about Shark Tank India Season 3 immediately.
In this write-up, I have shared about Mintree on Shark Tank India Season 3. From the founder of Mintree, Kanika Dewani, we have learned to grow by acquiring sustainability because it is a very crucial part of saving our planet. She is really on a path of revolutionizing the industry.
Hope this Mintree 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 founded Mintree?
Kanika Dewani founded Mintree in 2013 with a vision to innovate and elevate Indian beauty standards. It is a body-care and skincare product manufacturing brand.