Categories: Shark Tank

Beyond Snack has raised INR 50 lakhs from Shark Tank India

Beyond snacks, healthy Kerala banana chips producing startup has raised INR 50 lakhs for the equity of 2.5% from Shark Tank India. Sharks Ashneer Grover and Aman Gupta invested in this Sony shark tank India startup. This is an Alappuzha based startup.

The original ask by the pitcher was 50 lakhs rupees for the equity of 2.5%. Anupam offered 50 lakh in exchange for a 20% stake in the company. Then Peyush jumped in with an offer of collaboration with Anupam. Anupam and Peyush tendered the second offering of 10% stock for 50 lakhs after Manash; the cofounder informed them that he had raised 1.4 crore funds from other sources. However, Aman and Ashneer unexpectedly offered Manash’s original request of 50 lakhs for 2.5% equity, and Namita Thapar backed out of the deal.

About Beyond Snacks Shark Tank India

The founder of the startup is Manas Madhu from Kerala. Manas came upon a field where a lot of bananas were being wasted. He discovered that over 40% of the bananas were thrown away, so he got the idea about this startup. Furthermore, he embarked on his voyage using banana chips as the emotion of Kerala. Beyond Snack, Kerala Banana Chips are thinly sliced banana chips in four flavours: basic salted, peri peri and pepper, cream and onion. The valuation of the company is 20 crores rupees. The item is popular on Amazon and Flipkart. They sold approximately 140 metric tonnes of Banana Chips in 1.5 years. The price of each packet is 30 rupees. The pitcher aims to establish a market for one Kerala Banana Chip against one Potato Chip in retail outlets across India and, in the next two years, to become a national brand and a firm worth 200 crores.

Problems solved by Beyond Snacks

As we all know, banana is healthier than potato and finding banana chips is harder. Beyond snacks solved the problem of the availability of banana chips. The chips are not deep-fried and are free from trans fat, unsaturated fats and cholesterol. People from every age group can consume the chips. As the per-packet price is only 30 rupees, people from every income group can purchase the banana chips for their families and eat them.

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