The new episode of 바카라Shark Tank India바카라 season 3 witnessed a pitch by a customised lipstick brand 바카라Karibo바카라 cosmetics, however, the brand failed to seal a deal with the sharks.
Hailing from Mumbai, the founders of 바카라Karibo Cosmetics바카라 Bhakti Bhanushali and Jasmine Shah had launched it in October 2020.
It offers make your choice of lipstick from scratch, and the customisations available for lipsticks are -- shade, texture, essence and others. They provide refillable packaging, dermatologist-approved, child-friendly, cruelty-free, and vegan products.
바카라Karibo바카라 gives experience of live lipstick making, and has hosted swatch parties at 500 plus domestic and international events. The lipstick bars available for corporate events, weddings, kitty parties, and bachelorettes etc.
During the pitch, Jasmine said: 바카라Nowadays, we might get a perfect life partner, but we don't get a perfect shade of makeup.바카라
Bhakti shared: 바카라That's the reason we want to make 'Karibo' a brand which helps everyone customise all their beauty products including lipsticks and blush and get the shade they want.바카라
They asked for Rs 80 lakh for 5 per cent equity.
Peyush Bansal (Co-founder and CEO of Lenskart.com) said: 바카라How did you get this idea?바카라
Jasmine replied: 바카라We used to work together in a media agency. We had to link an influencer with a cosmetic brand and we conducted a brainstorming session. The basic idea of the brainstorming session was that we were giving them a unique identity.바카라
바카라While discussing, we had a thought that we present everything as a unique identity but we compel customers to pick shades from a rack. So why not just let them create their own product so they have the freedom to make their own product,바카라 she shared.
Jasmine went on to say, 바카라Actually, we started the company at just 21 years of age. So we are still in the process of channelising the company.바카라
Vineeta Singh (Co-Founder and CEO of SUGAR Cosmetics), said: 바카라You haven't started your work like a proper company yet. You took payment in cash and settled it in cash. You'll now start incorporating and documenting your company.바카라
Peyush asked: 바카라What's your plan? Did you raise an investment? Are you raising money?바카라
Vineeta added: 바카라First, you must incorporate your company. If somebody audits your books now, they won't get much information. Right? You might have paid some bills in cash.바카라
Aman Gupta (Co-Founder and CMO of boAt) commented: 바카라I feel you two are sweet and passionate. Hire a business head. I'm out today because I don't see your business going in the right direction. I think you are doing it out of passion, which is also not wrong. I wish you to stay happy and enjoy your work.바카라
Hence, they failed to secure a deal on the business reality show.
바카라Shark Tank India 3바카라 streams on Sony LIV.
