(Shark Tank Season 1 Episode 4 : Entrepreneurship ki wave – Cosiq)
To all the couple , I’m sure you’re tired of listening about when’s the baby coming? Similar was the story of Angad and Kanika who then had Cosiq.
Calling Cosiq as their first born. The backstory goes as – Kanika was working in manufacturing company two years ago where she also was part of designing of skincare products and knowing more about of skincare. She felt there’s need to design something more intelligent and ethical.
You are now reviewing the first skincare brand in India to perform independent clinical trials and develop products based on it. At Cosiq, we create safe and intelligent skincare. We openly share the considerable research that underpins all of our formulae with you.
Company Detail:
As per Cosiq- “variety of our professional-grade skincare products are formulated with high-quality ingredients that we are confident will benefit your skin. With a skincare brand that is technologically advanced, clinically effective, and has a truly original perspective on a wide variety of potent formulas, we are sure that you’ll be able to address all your prevalent skin concerns.”
Company valuation : 6.67 crore
Launched in 2021, Cosiq gives complete information regarding all the ingredients in detail and not only that but each of it (ingredients) are used only as much they are required focusing entirely on customer’s safety and result.
Cosiq sunscreen comes inform of serum which absorbs only in 10 seconds of application leaving zero white cast. India’s first only 2 ingredient vitamin C serum and no false claim of lemon or oranges:)
Sales:
11 lakh in 4 months(2021)
90% of total sales : Online
Last Month(November 2021): 3.5 lakh
This month(December 2021): approx 4lakh -5 lakh close
Gross Margin: 75%
Net Margin: 25%
Offer:
Angad and Kanika asked for: 50 lakh for 7.5%equity
Anupam’s offer: 50 lakh for 20%equity
Vineeta’s offer: 20 lakh for 20%equity and 30 lakh debt @12pa interest
Ashneer’s offer: 75 lakh for 33.3%equity
Anupam’s and Vineet’s offer alternate : 50 lakh for 25%equity
Ashneer’s alternate offer: 75 lakh for 25%equity
Angad and Kanika counter offer: 50 lakh for 20%equity
At the end , Anupam’s and Vineet’s offer alternate : 50 lakh for 25%equity was finalised