In a thrilling episode of Shark Tank India Season 4, Culture Circle, a Haryana-based fashion retail startup, made waves with their impressive pitch. Founded by entrepreneurs Devansh Jain Nawal and Ackshay Jain, Culture Circle has established itself as a one-stop destination for premium fashion brands including Air Jordan, Yeezys, Louis Vuitton, and Gucci.

Key Company Details

Company Name	Culture Circle
Founders	Devansh Jain Nawal, Ackshay Jain
Location	Gurugram, Haryana
Founded	2023
Industry	Retail Apparel and Fashion
Profitability Status	Profitable
Investment Status	Secured

Overview

Culture Circle, headquartered in Gurugram, Haryana, has quickly emerged as a significant player in India’s luxury fashion retail space since its founding in 2023. The Indian fashion startup specializes in authentic products from world-renowned fashion brands, catering to fashion enthusiasts.

Pitch On Shark Tank India Season 4

The founders entered Shark Tank India Season 4 seeking:

• Initial Valuation: ₹240 Crore
• Investment Amount: ₹1.2 Crore
• Equity Offered: 0.5%

The Sharks’ Response

The pitch attracted attention from all five sharks present:

• Vineeta Singh
• Namita Thapar
• Aman Gupta
• Kunal Bahl
• Ritesh Agarwal

Also read – Top Game Changing Indian Startup Funding in 2024

Final Deal

After intense negotiations, Culture Circle secured a significant investment:

• Investment Amount: ₹3 Crore
• Equity Given: 3%
• Final Valuation: ₹100 Crore
• Investing Sharks: Kunal Bahl and Ritesh Agarwal

What Makes Culture Circle Stand Out

• Premium brand curation
• Focus on authentic products
• Strong market presence in luxury fashion
• Profitable business model
• Strategic location in Gurugram

Future Approaches

With the backing of experienced investors like Kunal Bahl and Ritesh Agarwal, Culture Circle is well-positioned to:

• Expand their brand portfolio
• Enhance market presence
• Improve operational efficiency
• Scale their business model
• Strengthen their position in the luxury fashion market

Also read – Startups Listed on IPO 2024 in India

Conclusion

Culture Circle’s successful pitch on Shark Tank India Season 4 demonstrates the potential of innovative retail concepts in India’s evolving fashion landscape.

The strategic investment and mentorship from seasoned entrepreneurs Kunal Bahl and Ritesh Agarwal mark a significant milestone in the company’s growth journey. Driven by their personal frustration with the limited availability of rare sneakers and the absence of reliable platforms for authentic luxury goods in India, entrepreneurs Devansh Jain and Ackshay Jain launched Culture Circle. As reported by Shark Tank India Season 4. Image source: Shark Tank India.

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