In this blog post about the “Blix Toys Company Profile,” we’ll dive into the fascinating world of Blix Toys.
You’ll learn all about the company, including the background of its owner, details about the investors, and insights into the company’s net worth, funding, and revenue. Plus, we’ll share the exciting story of Blix Toys’ pitch on Shark Tank India Season 3.
Join us as we explore how this Indian startup is creating fun and educational toys that are capturing hearts and imaginations everywhere.
About Blix Toys India in “Blix Toys Company Profile”:
Table of Contents
- 1 About Blix Toys India in “Blix Toys Company Profile”:
- 2 Legal entity Blix toys:
- 3 Blix Toys Owner:
- 4 Blix Toys net worth:
- 5 Blix toys investors:
- 6 Blix toys funding:
- 7 Blix Toys revenue:
- 8 Blix toys valuation:
- 9 Blix toys owner net worth from 2022-2024:
- 10 Blix toys shark tank India:
- 11 Blix toys share price history:
- 12 Blix toys business model:
- 13 Blix Toys Turn over:
- 14 FAQ Question related to “Blix Toys Company Profile”
Blix Toys is an Indian startup founded in 2016 with a mission to revolutionize the toy industry. The main objective was to create toys that are not only fun and playful for kids above 8 years old but also educational.
The founder aimed to design toys that would enhance and grow children’s creative building skills, combining enjoyment with valuable learning experiences.
Legal entity Blix toys:
Currently, Blix Toys is associated with only one legal entity, known by the name “BLIX EDUCATION PRIVATE LIMITED“which was incorporated on March 06, 2014. As of March 31, 2023, the company reported a revenue of $561K and a net worth of $29K.
Blix Toys Owner:
To truly understand a company, it helps to know its founder well. In this section of the ‘Blix Toys Company Profile,’ we’ll share some personal details about the owner of Blix Toys.
Getting to know the person behind the company can build trust and confidence in their vision.
Blix Toys owner name:
Abbas Gabajiwala is the Owner ,founder and CEO of “Blix Education Pvt.Ltd.” company which was founded and established in 2016.
Blix toys owner wife:
The owner of Blix Company is currently married and his wife name is Komal.
Blix toys Family Background:
Abbas Gabajiwala, the CEO of Blix Education, comes from a family with a long history of toy-making. He proudly represents the third generation of toy makers in his family.
If you’re curious about the owner’s background in education and their journey before founding Blix Toy Industry, I recommend visiting their LinkedIn profile. You’ll find valuable insights into their educational background, professional experience, and the path that led them to establish Blix Toys.
Blix Toys net worth:
As per the latest update from The Economic Times published on January 25, 2024, the net worth of Blix Toys Company is expected to be somewhere around Rupees 40-50 crore in INR.
This marks a significant increase compared to the previous update published on March 6, 2023, just after the end of the financial year 2022-2023, where the company’s net worth was only $29,000, approximately equal to Rs 24.15 lakhs.
With the growing demand for toys and the emphasis on fostering creativity, Blix Toys Company is expected to thrive. Forecasts suggest the company could increase its net worth, valuation, and revenue by a significant 100-fold by the end of financial year 2024-2025.
Having said that the Net Worth of the any company depends on various factors some of the factors are:-
- Blix toys investors-in India
- Blix toys owner net worth
- Blix toys funding
- Blix toys Revenue
- Blix toys Valuation
- Blix toys turnover
Let’s dive deeper into the “Blix Toys Company Profile” and explore the essential financial aspects that shape its net worth and other financial factors.So,Let’s go and discuss them one by one.
Blix toys investors:
Currently, Aman Gupta and Ritesh Agarwal are the two investors in Blix Toys. According to data from Shark Tank, they invested roughly Rs 80 Lakhs for 4% equity in Blix, valuing the company at a solid Rs 20 crore.
- Aman Gupta is the Founder and CEO of Boat Company
- Ritesh Agarwal is the Founder and CEO of the world-renowned company OYO Rooms
Both of their net worth’s are in the billions of dollars, and their companies currently operate all over the world.
Now that we’ve introduced the key investors driving the growth and funding of the company, let’s move on to the next part of the blog: the total funding that Blix Toys has raised to date.
Blix toys funding:
Till now the company has only participated in one Angle round of funding raising roughly over Rs 80 Lakh for 4% Equity giving them a valuation of Rs 20 Crore in Dec 2024.
After receiving funding from the investors on Shark Tank Season 3, Blix Toys was able to double its valuation in a short time. The current valuation of the company in 2024 is estimated to be Rs 40 crore.
Moving on to the next segment of the “Blix Toys Company Profile”, let’s dive into the revenue generated by the company. Let’s explore how Blix Toys has been performing financially.
Blix Toys revenue:
The revenue of a company is indeed a crucial factor in determining its net worth and other financial parameters such as valuation, turnover, and various other key factors.
It reflects the company’s ability to generate income from its operations and is a fundamental metric in assessing its financial health and performance.
As per the data obtained from news sources for the year 2023, the company reported a total revenue of $561K which is equal to Rs 4.67 Crore in Indian Rupees as of March 31, 2023.
And if we talk about current year 2024, the company has doubled its revenue from Rs 4 crore to Rs 8 crore in just a span of 6-7 months.And is expected to grow much further by the end of financial year 2025.
Transitioning to the next critical aspect of the “Blix Toys Company Profile,” let’s explore the valuation of Blix Toys. Valuation is a key factor in forecasting the market value of the company and understanding its financial standing.
Blix toys valuation:
Absolutely, the valuation of a company is indeed crucial in determining its net worth and other financial parameters. It serves as a key indicator in predicting the market value of a company.
The current valuation of Blix Toys for the financial year 2023-2024 is Rs 40 crore, which is equivalent to $4801K.
Generally, the higher the valuation of a company, the stronger its other financial parameters tend to be.But it is not always true as because financial parameters depends on other parameters to.
Table representing different valuation and offer received in shark tank season 3:
| Offer | Investment | Shark Name | Valuation |
|---|---|---|---|
| Offer one | 40 Lakh at 4% equity and 40 lakhs at 11% debt for 3 Years | Aman Gupta | 10 Crore |
| Offer two | 80 Lakh at 5% equity | Aman Gupta | 16 Crore |
| Offer three | 80 Lakh at 5% equity | Anupan and Vineeta’s combined offer | 16 Crore |
| Offer four | 1 Crore at 6.25% equity | Aman Gupta and Ritesh Agarwal combined offer | 16 Crore |
| Offer five | 80 Lakh at 4% equity | Piyush Bansal | 20 Crore |
| Offer six | 80 Lakh at 4% equity | Aman Gupta and Ritesh Agarwal | 20 Crore |
Valuation at which shark tank deal closed for Blix Toys:
The final deal was closed on the offer given by Aman Gupta and Ritesh Agarwal, which was Rs 80 lakhs for 4% equity. This make the valuation of the company to be approx Rs 20 crore in January 2024, a very favorable offer from the company’s perspective.
But this was the case in shark tank since then after receiving funding from the shark (Aman Gupta and Ritesh Agarwal)the company has doubled its valuation from 20 Crore to 40 Crore in just 5-6 month which is considered a remarkable growth for a startup company.
Now, let’s move on to the next section in the “Blix Toys Company Profile,” where we will discuss the net worth of the owner. While the owner’s net worth doesn’t directly impact the company’s finances, it can have an indirect effect on the company’s financial health and credibility.
Blix toys owner net worth from 2022-2024:
Based on the recent news published in this year 2024 the net worth of the owner of Blix Toys is estimated to be 40 Crore which is same as the net worth of the company and is definitely going to increase by the end of financial year 2024-2025.
Now moving on to the next part in “Blix Toys Company Profile” that include all the event that happened in shark tank and how the company was able to receive the funding.So let’s start
Blix toys shark tank India:
Blix Toys made an exciting appearance on Shark Tank Season 3, which began this January in 2024. During their pitch, they showcased their product to the sharks and even invited Vineeta, the owner of Sugar Cosmetics, on stage for a demonstration.
After the demonstration and pitch, the sharks showed interest in the founder and the company. Three of the sharks offered a deal.
Deals Blix Toys received in shark tank in India:
In this segment of Blix Toys’ journey on Shark Tank Season 3, we’ll explore all the deals offered by the sharks and which shark extended the offers and whom did the owner select at the end.
| Offer | Investment | Shark Name |
|---|---|---|
| Offer one | 40 Lakh at 4% equity and 40 lakhs at 11% debt for 3 Years | Aman Gupta |
| Offer two | 80 Lakh at 5% equity | Aman Gupta |
| Offer three | 80 Lakh at 5% equity | Anupan and Vineeta’s combined offer |
| Offer four | 1 Crore at 6.25% equity | Aman Gupta and Ritesh Agarwal combined offer |
| Offer five | 80 Lakh at 4% equity | Piyush Bansal |
| Offer six | 80 Lakh at 4% equity | Aman Gupta and Ritesh Agarwal combined offer |
The final selection of deal by owner of Blix Toys:
Out of the six enticing offers presented to Blix Pvt. Ltd. on Shark Tank, the owner ultimately chose the final one, a generous proposal from Aman Gupta and Ritesh Agarwal combined. They offered 80 Lakhs at 4% equity, sealing the deal with a promising partnership.
Having completed the thrilling Shark Tank India journey of Blix Company in our “Blix Toys Company Profile,” it’s time to dive into the next exciting topic: the share price of Blix Toys. Let’s uncover how this promising company’s market performance is shaping up.
Up until now, Blix toys Company is not registered in the Indian share market. However, it has chosen a promising sector.
Given the rapid growth in the skill and educational sectors in recent years, there is a noticeable shift from traditional education to fun and interactive ways of learning. Consequently, we can anticipate a significant increase in Blix Toys’ share price in the future.
Now, let’s move on to the final topic of discussion in the “Blix Toys Company Profile”: the business model. This is a crucial aspect that determines the future growth and sustainability of the company.
Blix toys business model:
Currently, the company is primarily focusing on a B2B2C business model, using schools as a medium to sell their products, which are tailored to the education sector.
In addition to their B2B2C approach with schools, Blix Toys is also leveraging marketplaces like Amazon and Flipkart to sell their products, which falls under the B2B business model.
Blix Toys Turn over:
As of May 2024, Blix Toys has achieved a turnover of Rs 8 crore, doubling their revenue from the previous financial year. In 2022-2023, the company recorded a turnover of Rs 4 crore.
This significant growth highlights the effectiveness of their business model and expanding market presence. With their innovative approach to educational toys, Blix Toys is well-positioned for continued success and future growth.
Who is the owner of Blix toys?
Abbas Gabajiwala is the Owner ,founder and CEO of “Blix Education Pvt.Ltd.” company which was founded and established in 2016.
What is Blix Toys sales in India?
In India Blix Toys Is generating an overall sales revenue of Rupees 4-8 Crore as of 2024 is concerned.
Where is the company located?
The company is located in Mumbai India .
In which year the company was founded?
The company was legally registered in 2014 but started its operation on 2016.
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