THE SIMPLY SALAD-
Payal Pathak, the founder, had to put in a lot of effort to lose weight. Everyone used to advise eating salads to lose weight, but she thought eating salads was somewhat pointless. Over time, however, Payal began to prepare herself healthful salads. She founded this business in 2020 with the aid of his son.
This cloud kitchen, situated in Ahmedabad, creates a variety of delectable and inventive salads that are delivered to customers’ homes. Their salad is low in fat, carbs, fiber, protein, and vitamins. Every salad has an Indian flavor and the freshness is retained.
The consumer-friendly price and the subscription model are further features. You can subscribe to them on a weekly or monthly basis. It is also available for ordering on Zomato and Swiggy.
Since the company’s founding in August 2020, 35000 orders have been fulfilled. They send 80 to 90 orders each day. Every home in India will receive the salad, according to their vision.
Every month, 4.42 lakhs of The Simply Salad are sold, generating a profit of roughly 2 lakhs. Their monthly subscriptions cost Rs. 150 per day, while their weekly subscriptions cost Rs. 180 per day. Furthermore, their gross margin is 64%.
Simply Salad offers individually designed salads based on your needs and dietary restrictions. alternatives offered on their website are diverse.
You may construct your own salad in 3 easy steps.
Step 1: Pick one , mix and match
Step 2: Choose a topping from the available range based on your preferences.
Step 3: Select the dressing option that is ideal for your salad once more from the available choices.
DEAL BY THE SHARKS-
The founders made an ask of ₹30 lakhs for 10% equity of the company at the valuation of 3 crores.
While Vineeta Singh and Aman Gupta matched the offer in response to the founder’s request, Anupam, Peyush, and Namita declined to make the offer. Vineeta and Aman’s offers prompted Peyush to consider making his own, but he ultimately decided against it.
Finally, the sale was concluded by Aman and Vineeta with 10% equity and funding totaling Rs. 30 lakhs.
|Company Name||The Simply Salad|
|Founder||Soham Payal Pathak and Payal Pathak|
|Ask||₹30 lakhs for 10% equity|
|Investors||Aman Gupta and Vineeta Singh|