The Simply Salad is a innovative salad company founded by a mother-son duo based in Ahmedabad, India. The company was started in August 2020 and has grown rapidly, fulfilling 35,000 orders to date. They offer a variety of tasty and creative salads, all made with fresh ingredients and with an Indian touch in taste. The salads are high in protein, vitamins, fiber, low in fat and carbs, and are available for both weekly and monthly subscriptions. They can also be ordered through popular food delivery services like Swiggy and Zomato.
On Shark Tank India, the founders of The Simply Salad, Soham Payal Pathak and Payal Pathak, made a pitch to the Sharks, asking for an investment of 30 lakhs in exchange for 10% equity of the company, valuing it at 3 crores. The Simply Salad currently has 50 weekly and monthly subscribers, and through delivery services, they have 30 to 80 customers per day. Their per month sales are 4.42 lakhs, with a gross margin of 64% and a net margin of 47%.
The Sharks were impressed by the company’s growth and potential and offered an investment of 30 lakhs for 10% equity at the valuation of 3 crores. The founders accepted the offer, closing the deal with Sharks Vineeta and Aman. This partnership will help The Simply Salad to expand their business and make healthy salads accessible to more people across India. With the right guidance and support, The Simply Salad could become a major player in the health food industry in India.