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Electric mobility startup Ridev walked away with a big win on Shark Tank India, closing a deal that blended both equity and debt to fuel its next phase of growth.

Founded by Manish Kumar Jain and Siddharth Jain, Ridev is building a two-wheeler EV leasing ecosystem focused on India’s rapidly growing gig workforce.

Ridev’s pitch centred on a simple but pressing problem: gig workers often struggle with high upfront vehicle costs, poor documentation, and maintenance downtime. The startup addresses this by offering branded electric scooters on lease, supported by a growing fast-charging network.

Since starting with just 10 vehicles in July 2024, Ridev has scaled to 1,400+ scooters by October 2025, with each vehicle generating about ₹9,900 in monthly revenue and a 60% renewal rate.

The numbers also caught attention. In September 2025 alone, Ridev reported ₹82 lakh in net sales and ₹50 lakh in EBITDA, showing that the unit economics are starting to work at scale. The company currently operates 80 fast-charging stations, with each setup costing around ₹70,000, helping reduce downtime for riders.

After discussions on the Tank, Kunal Bahl came on board with ₹1 crore for 3% equity, along with ₹5 crore in debt at 14.5% interest, valuing the company at ₹33.33 crore.

The fresh capital will help the startup expand its fleet, strengthen operations, and double down on infrastructure as it builds a full-stack electric mobility platform for the gig economy.

Spiritual wearables brand Japam secured an investment of ₹1.5 crore on Shark Tank India, with Namita Thapar and Varun Alagh backing the company at a ₹150 crore valuation.

Founded in December 2022 by Ritoban Chakraborty, Japam operates in the spiritual products segment, offering Rudraksha, energy stones, karungali products, and spiritual jewellery. The brand positions itself on authenticity and transparency, with a structured quality control process that includes multi-lab testing, batch test reports, spectroscopy, UV testing, and microscopic examination before products are scaled for manufacturing.

Japam reported strong traction, with a community of 2.1 lakh followers on Instagram and a customer base of over 12 lakh users. As part of its trust-building initiatives, the company distributes 12,000–13,000 free Rudrakshas every month.

On the financial front, Japam recorded ₹88 lakh in net sales in FY23, which grew to ₹12 crore in FY24 and further to ₹18 crore in FY25, with an EBITDA of ₹2.46 crore. The company operates with approximately 20% cost of goods sold, 80% gross margins, and 40–45% marketing spend.

The brand currently manages a portfolio of over 250 SKUs, with Rudraksha contributing 40% of total revenue, while energy stones, karungali, and spiritual jewellery account for the remaining 60%. Japam is targeting ₹60 crore in revenue in FY26, with a projected 20% EBITDA margin.

On the show, Chakraborty sought ₹1.5 crore for 1% equity. After negotiations, Namita Thapar and Varun Alagh closed the deal with an offer of ₹1.5 crore for 1% equity along with a 1% royalty until the investment is recovered.

The company plans to use the fresh capital to strengthen brand presence, expand its product range, and scale manufacturing operations.

When Shailesh Singh and Saumya Alagh walked into the Shark Tank India arena with Truth & Hair, the conversation quickly moved beyond just shampoos and conditioners. The founders were clear, they weren’t chasing a crowded market, but building a focused hair styling and care brand, with their hair mascara leading the charge.

The brand, which was launched in its current avatar in February 2024, positions itself around science-backed formulations and quick-fix styling solutions. The founders opened the pitch with a bold ask, ₹1 crore for 2.5% equity, valuing Truth & Hair at ₹40 crore.

As the discussion unfolded, the sharks dug into the numbers. Truth & Hair reported ₹56 lakh in sales in FY24–25, and by the time of the pitch, had already touched ₹1.28 crore in year-to-date revenue. The growth caught attention, especially considering the brand operates with outsourced manufacturing and a lean two-member R&D team.

The sharks also debated market focus. While the shampoo and conditioner segment is worth ₹8,500 crore, Truth & Hair is betting on the ₹600 crore hair styling market, where products like hair mascara offer differentiation and higher recall. This niche strategy sparked interest, particularly around scalability and brand storytelling.

Negotiations followed, and the valuation became the key point of contention. After back-and-forth discussions, the final deal landed at a very different place from where it started. Varun Alagh stepped in to close the deal, investing ₹2.5 crore for 25% equity, bringing Truth & Hair’s valuation down to ₹10 crore.

With the funding, Truth & Hair plans to strengthen its product pipeline, invest more in R&D, and expand its presence across major online platforms.

xSTEP, a health-tech startup focused on paralysis and movement disorders, made a powerful impact on Shark Tank India when founder Dr. Parag Gad, a UCLA alumnus and neuroscientist, walked into the Tank.

The startup’s flagship product, a non-invasive neuromodulation device, is designed to help patients with Spinal Cord Injuries, Cerebral Palsy, Stroke, and Multiple Sclerosis regain mobility, without surgery.

The device, already approved by India’s CDSCO and previously granted FDA Breakthrough Designation in the U.S., demonstrated an impressive responder rate in mobility trials.

Dr. Parag highlighted the device’s potential to transform the lives of the estimated 2.5 million children in India living with Cerebral Palsy.

On the Tank, the Sharks were visibly moved by the live demonstration, with Kunal, Namita, and Vineeta especially impressed by the product’s clinical validation and its potential to scale in home care settings. After detailed discussions, the founders closed the deal at ₹1 crore for 10% equity, valuing xStep at ₹10 crore.

The strategic investment also includes provisions for royalties until the Sharks recoup their investment, underscoring the long-term commitment to scaling this life-changing technology.

With this backing, xStep is set to expand its reach across clinics and homes in India, making advanced neuromodulation therapy accessible to patients who previously had few options.

Peanut butter powder brand MYPB made waves on Shark Tank India when founder Pujan Jayantibhai Kachhadia pitched his health-focused alternative to traditional peanut butter.

The startup, based in Amreli, Gujarat, a top groundnut-producing district, offers 100% peanut powder with 85–90% less fat, three times fewer calories, and double the protein of regular peanut butter.

MYPB has grown rapidly since its launch in August 2023, recording ₹5.5 lakh in sales in its first year and leaping to ₹81 lakh in FY 2024-25, with ₹60 lakh already in revenue for the current year.

Its cold-pressed “defatting technology” ensures nutrient-rich, mixable powder, which can be turned into a creamy spread or used in smoothies and baking.

On the Tank, Pujan walked the Sharks through the 6-step production process, local sourcing advantages, and the brand’s tiered support model for distribution partners.

The health-first positioning and strong early traction caught the attention of Varun Alagh, Namita Thapar, and Vineeta Singh, who joined forces to make a joint offer. After negotiations, the deal was sealed at ₹70 lakh for 15% equity, valuing MYPB at ₹4.67 crore.

The investment will help MYPB scale its production, expand distribution across India, and further strengthen its presence in the health-conscious FMCG segment. With the Sharks backing the brand, MYPB is set to reach more fitness enthusiasts and home bakers looking for a nutritious peanut butter alternative.