Shark Tank Pakistan Breaks Records with Historic PKR 1.5 Billion Deal

Shark Tank Pakistan of Green Entertainment has shifted the dynamics in the entrepreneurial world after making a PKR 1.5 billion deal in episode 3. The business reality show remains an innovation for startups and offers a source of investment for what other shows can offer, creating innovations with such simplicity. They say this historic deal among other significant pitches demonstrates how the show helps and supports Pakistani entrepreneurs.

The Balochistan-based commodity sourcing company, Saraaf made a record by getting PKR 1.5 billion for a 20% stake, which meant the firm was worth PKR 7.5 billion. Focusing on such products as onyx and cotton, Saraaf has achieved more PKR in total sales since 2020. Shark Usman Bashir intervened with a revolutionary proposition to contribute PKR 800 million and a line of credit of PKR 700 million along with a 3% revenue royalty that made the heads roll to sign the deal.

Yumkins Foods invested PKR 9 million for 36% ownership taking the post-money valuation of the startup to PKR 25 million. Hira Mubeen and Abdul Rehman then pitched their baby food business which has 32% profit margins. Initially, shark Romanna Dada had some doubts, but she saw profitable niches in a chemical-free product catalog and bought in.  

However, Shahtaj Qaiser, a luxury fashion designer required PKR 8 million for 15% of the equity. In negotiations, she agreed to receive PKR 5 million for 20% of ownership and a PKR 3 million working capital loan. Her premium bridal couture brand which sold products worth 36 million PKR in profit got the backing of sharks Usman Bashir, Faisal Aftab, and Romana Dada and hence the development of her brand continued.  

Another logistic tech firm Move It sought PKR 55 million at 2.5% dilution which implied a business value of PKR 2.2 billion. To the chagrin of the investment sharks, while ayeYY brought in PKR 600 million in revenues within three years, the high valuations put off the sharks.