Funding · Commerce & Consumer Brands
Stroom secures shark tank investment from vineeta singh and kunal bahl
By Startup Enthusiast ·
- 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
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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