2024-04-18 10:07:16
beginning in difficult times
This was the time of Corona epidemic when Sameer and Viraj came up with the idea of InACan. He thought of a perfect cocktail that could be easily packaged in a single can. The idea of offering bar-quality cocktails without having to leave the house or go through the hassle of sourcing multiple ingredients was enticing. Thus, InACan was born with the goal of providing a hassle-free high quality cocktail experience.
went to shark tank india
Sameer and Viraj also took their product to Shark Tank India. He had sought an investment of Rs 50 lakh in exchange for 2% equity. This valuation put his business at Rs 25 crore.
All the judges were impressed
The quality of the product and the potential of their business model caught the attention of the Shark Tank judges. Sameer and Viraj had secured an all-shark deal. In this, the five judges of Shark Tank had invested a total of Rs 1 crore for 10% equity. The valuation of his business from this deal was estimated at Rs 10 crore.
Startup picks up pace
InACan has seen great growth since its appearance on Shark Tank India. By November 2023, the company has expanded its operations to Maharashtra, Pune, Goa, Pondicherry, Jammu and Kashmir and Uttar Pradesh. Sameer and Viraj have also closed another round of funding. In this the valuation of the company is more than Rs 80 crore. Their future plans include expanding their reach across the country within the next two years. They also plan to continually evolve their flavor profiles and add new favorite cocktails to their stock.