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Funding · Commerce & Consumer Brands

Stroom secures shark tank investment from vineeta singh and kunal bahl

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Date
Company
Stroom
What it does
Soft centre-filled protein bars and wafers
Kind
Funding
Amount
₹1 Cr for 2.5% equity + 2% advisory equity
Stage
Shark Tank India S5 deal
Based in
Ahmedabad
Founded
late 2021
Sector
Commerce & Consumer Brands

What they do

Stroom makes soft centre-filled protein bars using milk and soy protein blends

What happened

The company received ₹1 Cr for 2.5% equity plus advisory equity from the sharks

Why it matters

Post-deal sales jumped 150% with daily bar sales rising to over 5,500 units

The details

  • Stroom secured a deal on Shark Tank India S5 for ₹1 Cr in exchange for 2.5% equity and 2% advisory equity.
  • The investment came from Vineeta Singh and Kunal Bahl, who also serve as strategic advisors.
  • The founders initially asked for ₹1 Cr for 2% equity, implying a ₹50 Cr valuation.
  • The final deal resulted in a post-deal valuation of ₹40 crore based on the equity stake.
  • Sales surged significantly after the show with daily bar sales increasing by 150%.
  • A single day's website orders equalled the total sales from nearly three years before the show.
  • Quick commerce growth via platforms like Zepto and Swiggy Instamart increased by 9–10x.
  • A packaging dispute arose regarding 'no refined sugar' claims due to honey content which was resolved.

The bigger picture

  • The Indian protein bars market is projected to reach $189.9M by 2033.
  • The overall protein snacks market is expected to grow at a 9% CAGR until 2032.
  • Stroom targets everyday snacking beyond gym-goers focusing on taste and accessibility.

About the business

  • Stroom produces soft centre-filled protein bars and wafers using a milk and soy protein blend.
  • The company has its own manufacturing unit located in Ahmedabad.
  • Protein ingredients are sourced from New Zealand.
  • FY24-25 net sales were reported at ₹2.42 crore.
  • The brand focuses on making protein snacks accessible and tasty for general consumers.
  • Operations began in India in 2023 after launching in May 2022.
  • The product concept was originally conceptualised in Sydney by the founding team.

What happens next

  • Stroom is preparing to launch Protein Pops which have completed R&D.
  • The company is exploring the development of protein-infused sodas.
  • Founders plan to address packaging labelling issues identified during the show.

The deal

Type
equity investment

Investors

  • Vineeta Singh (lead) — Co-investor and strategic advisor known for Sugar Cosmetics.
  • Kunal Bahl (co-lead) — Co-investor and strategic advisor known for Snapdeal.

Founders

  • Darshan Gattani, co-founder
  • Shiven Chaturvedi, co-founder
  • Rohan Shah, co-founder

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