SNEAKINN, a premium sneaker laundry brand, captured the attention of investors and viewers alike during its appearance on Shark Tank India Season 4, Episode 11.
Specializing in cleaning and restoring high-end sneakers, shoes, handbags, and leather accessories, the company successfully secured a deal on the show.
Founded in 2020 by Sahil Jain and Arunima Singhal, SNEAKINN specializes in the cleaning and restoration of premium footwear and leather accessories.
This New Delhi based startup employs top-notch materials and advanced methods to meticulously restore products to their original glory, ensuring customer satisfaction and extended product longevity.
The founders pitched their business on the show, seeking an investment of ₹90 lakhs for 3% equity, valuing the company at ₹30 crore.
The duo emphasized their expertise in providing premium cleaning and restoration services for luxury goods, catering to a niche yet growing market.
The sharks were intrigued by SNEAKINN’s potential, sparking a spirited discussion among Anupam Mittal, Namita Thapar, Vinita Singh, Kunal Bahl, and Ritesh Agarwal.
After a thorough evaluation, Sahil and Arunima secured a deal with Anupam Mittal, who offered ₹90 lakhs for 6.5% equity. This revised agreement valued the company at ₹13.85 crore.
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The brand’s services extend beyond sneakers and shoes to include handbags, leather jackets, belts, and boots. This holistic approach to luxury care has established the brand as a trusted choice for maintaining and rejuvenating high-end leather goods.
With its growing reputation for quality and craftsmanship, SNEAKINN is set to expand its footprint in the premium care services market, appealing to discerning customers who value the longevity and appearance of their cherished luxury items.
