New Delhi, March 6 (IANS) The campus special episode of ‘Shark Tank India 3’ witnessed the 21-year-old studentpreneurs and their brand ‘Rize’, which is the go-to solution for wellness needs.
The founders of ‘Rize’ — Sahil Manral and Dhruv Verma, strive to promote a healthier and happier lifestyle.
The brand offers a range of problem-solving treats crafted with premium ingredients.
The journey of Rize began in 2023 when Sahil and Dhruv conceived the idea in March and started experimenting in the kitchen in April.
Starting small by making bars every weekend, Rize expanded its product range to include bites.
The products are — energy bars, bliss bites, and dream bites.
Although in the pre-revenue stage, the brand has garnered attention, leading to partnerships and support from actress Sunny Leone and her husband Daniel Weber.
While initial funding came from their parents, they received a significant boost with an investment of Rs 30 lakh from Daniel and Sunny.
In the show, they asked for Rs 45 lakh for 6 per cent equity.
Talking about the same, Dhruv said: “Sir, we want to be a health and wellness brand catering to individuals who regularly visit the gym. Our bars offer guilt-free indulgence for those seeking a healthier alternative, and savour chocolates and oats. If anyone is facing sleep issues…To purchase melatonin from a pharmacy, a prescription is required. But we have filled that gap. Because our product is FSSAl-approved. Those who need melatonin can have it without a prescription.”
He said that their target customers are — individuals with sleep problems, women experiencing menstrual pain, tourists and travellers, active professionals.
“Whether it is kickstarting your day with Rize Energy Bars packed with nutrients like prebiotics, minerals, fibre, and protein, enjoying a restful night’s sleep with Rize Dream Bites, containing melatonin powder, valerian extracts, and chamomile extracts, or finding relief from menstrual pain with Rize Bliss Bites, formulated with special herbs, vitamins, potassium, and magnesium, Rize aims to inspire positive lifestyle changes.”
Despite their promising trajectory, the Sharks ultimately passed on the brand, with Namita Thapar citing concerns about their valuation of Rs 45 lakh for 6 per cent equity.
Aman Gupta (Co-Founder and CMO of boAt) said: “I started my first business when I was around 21, and it shut down. But it taught me a lot of things. I think you will learn a lot of things. This business won’t thrive. You are still not fit for the market. That’s my view. This business will teach you. You will become a player in your industry or another industry. So, as an investor… I cannot invest now.”
“But I am also in Gurugram. I can give you some time. Meet me. Join entrepreneurship workshops. Gain more knowledge. Learn from others. Study their strategies. Understand their actions. So that you can improve your business skills. I don’t think I can feel that now. So, I am out,” added Aman.
Speaking about his experience on ‘Shark Tank India’, Sahil said, “Appearing on Shark Tank India for the Campus Special episode was an exhilarating rollercoaster of emotions for Dhruv and me. It marked the culmination of our journey from conception to national television.”
“As we pitched Rize in the tank, we poured our hearts out, sharing our deep-seated passion for wellness and our vision for the brand. This experience reaffirmed our commitment to Rize’s mission of promoting wellness and inspiring positive lifestyle changes. It’s not just about the end result; it’s about the journey, the growth, and the lasting impact we aspire to create in the realm of wellness,” he added.
‘Shark Tank India 3’ airs on Sony LIV.
–IANS
sp/prw
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
