SNEAKINN on Shark Tank India Season 4: Premium Shoe Care Startup Bags ₹90 Lakhs Deal

By
On:
Follow Us

Delhi-based premium shoe care startup SNEAKINN showcased their innovative business model on Episode 11 of Shark Tank India Season 4. The company has revolutionized the luxury footwear maintenance industry since its inception in 2020.

Also read – Savani Heritage Conservation on Shark Tank India Season 4: Art Conservation Company Secures Hybrid Deal

Quick Facts About SNEAKINN

Company NameSNEAKINN
FoundersSahil Jain and Arunima Singhal
Founded2020
LocationNew Delhi
IndustryConsumer Services (Premium Shoe Care)
Asked Investment₹90 Lakhs for 3% equity
Asked Valuation₹30 Crores
Final Deal₹90 Lakhs for 6.5% equity
Final Valuation₹13.85 Crores
Investing SharkAnupam Mittal

Also read – Shyle on Shark Tank India Season 4: Silver Jewelry Brand Secures ₹70 Lakhs Deal

About SNEAKINN: Elevating Shoe Care to an Art

SNEAKINN has established itself as a specialized service provider in the premium accessories care segment. Their comprehensive service portfolio includes:

  • High-end sneaker cleaning and restoration
  • Designer handbag maintenance
  • Premium leather accessories care
  • Custom care solutions for luxury footwear
  • Professional restoration services for boots and leather jackets
  • Belt cleaning and maintenance

Also read – Dacby Technologies on Shark Tank India Season 4: Gaming Marketplace Startup’s Journey

The Shark Tank India Pitch

The founders presented their business model to the complete panel of sharks:

  • Anupam Mittal
  • Namita Thapar
  • Vinita Singh
  • Kunal Bahl
  • Ritesh Agarwal

They sought ₹90 Lakhs for 3% equity, valuing their company at ₹30 Crores.

Also read – Jarsh Safety on Shark Tank India Season 4: IoT-Enabled Safety Solutions Pioneer

Deal Details and Negotiations

After thorough discussions and negotiations, SNEAKINN secured a deal with Anupam Mittal:

  • Investment Amount: ₹90 Lakhs
  • Equity Given: 6.5%
  • Final Valuation: ₹13.85 Crores

Also read – Aquapeya on Shark Tank India Season 4: Beverage Brand’s Success Story

Business Model and Market Opportunity

SNEAKINN has identified and capitalized on several key market factors:

  1. Growing luxury footwear market in India
  2. Increasing awareness about premium shoe care
  3. Rising demand for professional maintenance services
  4. Gap in specialized care for high-end accessories
  5. Urban consumers’ willingness to invest in maintenance

Also read – Pretty Little Shop on Shark Tank India Season 4: Creative Gifting Startup Journey

Growth Strategy and Future Plans

With Anupam Mittal’s investment and guidance, SNEAKINN plans to:

  • Expand their service centers across major cities
  • Enhance their technology infrastructure
  • Develop specialized cleaning products
  • Build a stronger brand presence
  • Train more shoe care specialists
  • Introduce new service categories

Also read – Project Clay on Shark Tank India Season 4: An EdTech Mentorship Platform

Competitive Advantages

SNEAKINN stands out in the market due to:

  • Specialized expertise in premium shoe care
  • Use of high-quality cleaning materials
  • Customized treatment for different materials
  • Professional restoration techniques
  • Focus on luxury segment
  • Attention to detail

Also read – Deni Bikes on Shark Tank India Season 4: ₹3 Cr Valuation EV Startup Review

Conclusion

SNEAKINN’s successful pitch on Shark Tank India Season 4 demonstrates the potential in India’s growing luxury care services market. The investment from Anupam Mittal not only provides financial backing but also brings strategic expertise to scale the business nationally. As the luxury market continues to grow in India, SNEAKINN is well-positioned to become a leader in premium accessories care and maintenance.

Stay tuned for more exciting pitches and business innovations in upcoming episodes of Shark Tank India Season 4.

FAQs

When was SNEAKINN founded?

2020

Who are the founders of SNEAKINN?

Sahil Jain and Arunima Singhal

Leave a Comment