Ariro Toys featured on Shark Tank India on the 30th of December 2021. Ariro is a Chennai based startup which specializes in exquisite wooden toys for 0-3 year old kids. Targeting the montessori kids as their customer base, Ariro came into Shark Tank with an excellent pitch which showcased an array of eco-friendly wooden toys. The products on Ariro’s website claim to support thousands of artisans across the country. Ariro Shark Tank India deal was widely looked upon in the toys industry.
Vasanth and Nisha are the co-founder couple of Ariro.
At present, Ariro Instagram account has 44k followers. Ariro projected their revenue to the sharks asking for an investment of INR 50 lakhs for 2.5% equity. The vibrant couple owned 100% of the company. Ariro has made a revenue of ₹2.5 crore in last year of business
The founders of Ariro is a Vasanth, his wife, Nisha who is a Montessori teacher. The duo are invested in the business and got their idea for a couple of years
Did Ariro Founders Nisha and Vasanth make a deal with Sharks?
Vasanth and Nisha, the inspiring founders of Ariro came into Shark Tank India asking for INR 50 Lakhs for 2.5% equity. Among the five sharks, Aman and Peyush Bansal exhibited interested and offered deals to Ariro. However, Anupam, Namita and Vineeta backed out of the deal citing multiple reasons.
- Multiple sharks exhibited interest in Ariro. Ariro received accolades for its toys and also its logo which is derived from a ‘lullaby’ in Tamil.
- The final offer was made by the two Sharks, Aman and Peyush for 10% Equity.
Ariro Toys Shark Tank India Deal
|Founder||Vasanth and Nisha|
|Asked For||₹50 Lakhs for 2.5% equity|
|Final Deal||₹50 Lakhs for 10% equity|
|Investors||Peyush , Aman (10% combined equity)|
|Shark Tank India||Season 1 Episode 8|
|Business Status||In Business|
|Net Worth||INR 5 crores|