India is becoming an entrepreneurial nation where young people seek fresh ideas to launch their own businesses. Shows like “Shark Tank” have made it simple for entrepreneurs wishing to launch their startups to showcase their ideas and acquire financial help.
Many people have found inspiration from Shark Tank for everything from tech firms to environmentally conscious businesses. Let’s discuss seven Shark Tank business ideas that have proven successful and motivated other young people to start their own businesses.
Bamboo India: An Environmental-Friendly Alternative
Bamboo India is one of India’s most well-known Shark Tank businesses. The business presents bamboo toothbrushes as a greener choice than plastic ones. This concept makes excellent use of people’s rising environmental concerns in general.
People on Shark Tank India gave 80 lakhs to the company in exchange for a 3.5% stake. Bamboo India can make 50,000 toothbrushes a day and hopes to make 4 crore rupees this year.
The Central Pollution Control Board says India makes more than 25,940 tons of plastic trash daily. With numbers this scary, Bamboo India’s answer is a bright spot of hope for Shark Tank startups that care about the environment.
Their success on Shark Tank India has inspired students and aspiring business owners to focus on eco-friendly options in their projects. It is paving the way for more green businesses in India.
Skippi Ice Pops: A Cool Concept
One of the most talked-about Shark Tank companies was Skippi Ice Pops. It had a simple but good business idea about making healthy ice pops without added chemicals. The owners of Skippi saw a need in the market for a healthy product that was also fun and refreshing.
During the fiscal year 2022–2023, Skippi made ₹15.58 crore. The business hopes to make ₹100 crore in sales during the fiscal year 2024–2025. This Shark Tank business idea shows how important it is to make your product stand out. Unique products can help new business owners find their place even when a market is full and highly competitive.
Ruhh Studios: Fashion With a Purpose
Ruhh Studios is a Shark Tank company that makes home decor that are good for the environment. The studio uses eco-friendly colours, bamboo, and organic cotton that doesn’t harm the environment.
These materials not only last a long time, but they also leave less of a carbon footprint. It shows how companies can make a difference by focusing on development while including everyone in society.
Ruhh Studios has made it possible for young fashion fans who want to start a business with a social goal by supporting different styles for self-confidence.
The Indian clothing business is one of the biggest in the world. The business revenue of this industry was projected to be worth US $105.50bn by 2024. Because of this, eco-friendly clothing is one of the best Shark Tank business ideas for students. Here are few ideas to increase revenue of clothing business.
Entrepreneurs can build brand trust and deep relationships with their audience by linking their businesses to a social cause.
The Renal Project: Addressing Healthcare Challenges
India’s healthcare system is still facing some problems. The Renal Project is a Shark Tank company that offers dialysis services in rural and semi-urban places at lower prices. Home dialysis brought in 7.5 lakhs for the Renal Project in its first five months of business, which began in January 2021.
Their current monthly income is 25 lakhs. Their success on the show has made it easier for healthcare startups to get funding to develop new ways to solve major medical problems.
India has more than 2,500 dialysis sites and more than 820 doctors who are experts in dialysis treatments. The Renal Project shows how powerful Shark Tank business ideas can be when solving real-world problems, especially in poorly developed areas. Here are few Best Business Opportunities of Medical Tourism in India
Booz Scooters: The Future of Urban Travel
Booz Scooters lets people rent electric scooters. The company has the objective to reduce traffic jams and encourage green transportation in cities. This startup from Shark Tank shows how important it is to use technology to solve daily problems in cities. At the beginning of March 2024, Booz was on track to earn one crore rupees for the year.
By 2030, 80% of all two-wheeler sales in India will be electric. Electric cars will also get good support from the government. Young business owners who want to get into the tech-driven transport sector can learn from Booz Scooters’ success. It is one of the best new Shark Tank business ideas.
PawsIndia: Pet Care Transformation
The pet care business has grown by large amounts in India in the past few years. PawsIndia picked up on this trend by focusing on quality pet supplies. The products that this Shark Tank company sells are organic food, toys, and tools made just for pets.
In FY21-22, they made about 1.20 crore rupees, and in FY20-21, they made about the same amount. The business hopes to make Rs 3 crore in sales in FY 21-22. This business idea opens up an exciting new field, perfect for young people who love animals and are eager to bring fresh ideas.
Get-A-Whey: A Healthy Luxury
The great success of Get-A-Whey is another story from Shark Tank India. It’s a brand of healthy ice cream that uses protein and other healthy ingredients instead of sugar.
They created a product that satisfied the demand for tasty food that individuals may experience without feeling guilty about gaining weight.
Before they went on the show, they were making about INR 20 lakhs a month. They gave Get-A-Whey an investment of INR 1 crore, and their sales went up to INR 80 lakhs to 1 crore.
Conclusion
Young business owners can learn from the success stories on Shark Tank. Anyone can build a great business with the right idea, the drive, and the proper strategy to continue it. But getting from a thought to putting it into action is not always easy in business. Young business owners with great Shark Tank business ideas often can’t grow their companies because they don’t have enough money.
Indifi can help you with your financial needs in this situation. By providing specialized financial solutions, Indifi supports companies in obtaining the capital they need to expand. Indifi also helps business owners launch new goods and services and deal with financial difficulties by providing fast and easy financing.
FAQs
- How does Shark Tank help people start their businesses in India?
Shark Tank has been important in promoting the business mindset by giving company owners a place to share their ideas, get funding, and get advice from more experienced business leaders.
- What kinds of businesses do Shark Tank startups like the most?
Technology, healthcare, ecology, and food and drinks are some of the most popular fields for Shark Tank startups. These areas keep growing because customer tastes are always changing, and new trends are emerging.
- How can young business owners attract investors like those on Shark Tank to notice their ideas?
Young entrepreneurs can get investors interested by showing that there is a need in the market for their product and showing how much they want to solve problems in the real world.