Welcome to the “Paradyes Company Profile” We’ll kick things off by diving into the Insight of the company, exploring its origins and getting to know the visionary founder/ owner behind it all.
Once we’ve set the stage, we’ll delve into the financial facts that drive Paradyes success. From its impressive net worth and funding milestones to its revenue streams, turnover, and valuation, we’ll leave no stone unturned.
And just when you think you’ve seen it all, we’ll take you behind the scenes of Paradyes thrilling appearance on Shark Tank, uncovering the drama and excitement of that pivotal event. Get ready for an engaging journey through the rise of Paradyes
Paradyes Hair Colour Brand Intro:”In Paradyes Company Profile”:
Table of Contents
- 1 Paradyes Hair Colour Brand Intro:”In Paradyes Company Profile”:
- 2 Paradyes Owner| Net Worth |Education:
- 3 Paradyes Net Worth in Rupees:
- 4 Paradyes Investors:
- 5 Paradyes Funding:
- 6 Paradyes Revenue in Rupees(2021-2024):
- 7 Paradyes Competitors:
- 8 Paradyes Valuation:
- 9 Paradyes Shark Tank India Season 2:
- 10 Paradyes Shark Tank Pitch:
- 11 Paradyes Shark Tank Offer And Deal:
- 12 FAQ question:
Paradyes is a pioneering, family-owned hair cosmetics brand based in India, renowned for being the first in the country to introduce semi-permanent (easy to apply and remove) hair colors.
With a mission to make hair coloring more accessible and a part of everyday self-expression, Paradyes has positioned itself as a brand that normalizes vibrant, bold looks for everyone.
Though being the new company in India its obious to have dought about the company so let’s discuss what set this company apart from other brands.
Is paradyes a good brand?
Yes, Paradyes is a good brand what sets Paradyes apart is its commitment to both quality and sustainability.
Their products are free from harmful chemicals like ammonia, parabens, and PPD, and are infused with herbal and Ayurvedic ingredients. The brand also emphasizes eco-conscious packaging, using glass jars with tin caps and bamboo fiber brushes.
Now that we’ve covered the introduction of Paradyes along with the brand authen city , it’s time to move on to the next topic: getting to know the visionary founder behind the creation of this innovative company by digging deep in Paradyes Company Profile.
Paradyes Owner| Net Worth |Education:
Yushika Jolly, the visionary Owner, Founder and CEO of Paradyes, has been revolutionizing the hair color industry in India with her semi-permanent hair color brand.
Things to know about the owner of Paradyes Company:
- Education: Jolly holds a bachelor’s degree in Fashion Design from NIFT, Gandhinagar, and a Master’s in Design Management & Cultures from UAL: London College of Communication.
- Role at Paradyes: She has been involved with the company from its inception, overseeing design, packaging, promotion, and brand image.
- Passion for Hair Coloring: Her personal interest in hair coloring inspired her to study the market.
- Founding Paradyes: After returning from London, where hair colors were widely available, she decided to launch Paradyes in India.
Paradyes Owner Net Worth:
Although the exact net worth of Yushika Jolly, founder of Paradyes, hasn’t been revealed, it’s estimated to be between Rs 65-80 lakhs as of 2024.
This reflects her success in building Paradyes into a leading semi-permanent hair color brand in India, bolstered by her Shark Tank India investment and growing market presence. If you want more details about the owner feel free to have a visit to the LinkedIn profile of Yushika Jolly.
Now lets move on to the next part in “Paradyes Company Profile” where we will be talking about one of the important parameters that defines the financial of the company as a whole that is the net worth of company.
Paradyes Net Worth in Rupees:
According to a recent news article published on January 13, 2023, Paradyes has an estimated net worth ranging from $4.16k to $5.95k, which is approx Rs 3.5 crore to Rs 5 crore. This net worth highlights the growing success and market presence of the brand in the hair color industry.
Based on the company’s growth, Paradyes’ has surged its net worth by a remarkable tenfold in 2024 compared to the previous year. This substantial increase reflects the brand’s expanding market presence and continued success in the hair color industry.
Let’s dive deeper into the “Paradyes 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.
Paradyes Investors:
Paradyes, a prominent hair care brand, secured investment from two prominent sharks, Vineeta Singh and Aman Gupta. According to data from Shark Tank, they collectively invested approximately Rs 65 lakhs in exchange for 2% equity in the company.
Who are the lead investors in Paradyes’s latest funding round?
In the last funding round Vineeta Singh and Aman Gupta became the lead investor in Paradyes’s which held on Jan 13, 2023.
How many investors does Paradyes have?
Currently Paradyes has two angel investors which including Vineeta Singh and Aman Gupta.
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 Paradyes has raised to date by digging deep into the Paradyes Company Profile.
Paradyes Funding:
As of 2024, the company has made its mark in a big way, showcasing its potential on India’s premier business show. In a thrilling pitch, they secured a funding round of Rs 65 Lakh for a 2% equity stake.
In a combined offer on Shark Tank, Vineeta Singh and Aman Gupta each invested a total sum of Rs 32.5 lakhs for 1% equity in Paradyes, totaling Rs 65 lakhs for 2% equity in the company.
| Date of Funding | Funding Amount | Round Name | Investors |
|---|---|---|---|
| Jan 13, 2023 | $79.9K | Angel | Vineeta Singh, Aman Gupta |
Moving on to the next segment of the “Paradyes Company Profile”, let’s dive into the revenue generated by the company. Let’s explore how Paradyes has been performing financially.
Paradyes Revenue in Rupees(2021-2024):
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.
Here’s a summary of Paradyes’ revenue and impact:
- Financial Year 2021 Revenue: Rs 2.5 crore
- Financial Year 2022 (First Two Quarters) Revenue: Rs 3.5 crore.
Paradyes, India’s pioneering semi-permanent hair color brand founded and led by Yushika Jolly as both CEO and Creative Director, has seen remarkable success following its Shark Tank appearance.
Post-show, the brand’s sales nearly doubled on its website and in various marketplaces, with website traffic soaring 20x. Looking ahead, Paradyes aims to achieve a monthly revenue of Rs 3-4 crore by the end of the 2023-2024 financial year.
Next, we’ll dive into the competitive landscape and explore the key rivals challenging Paradyes in the semi-permanent hair color market.
Paradyes Competitors:
Competitors play a crucial role in shaping a company’s growth and market dynamics. They influence key financial metrics such as net worth, valuation, revenue, and sales, impacting the overall performance and strategic direction of the company.
Top 3 competitors of Paradyes:
- Quikhenna
- Achyuth Vedic and Natural
- Kajal Dulhan Mehandi Center
Quikhenna:
Quikhenna specializes in providing high-quality henna products designed for convenience and ease of use. Known for its quick application and vibrant results, Quikhenna caters to both traditional and modern hair and body art needs.
Achyuth Vedic and Natural:
Achyuth Vedic and Natural focuses on offering a range of natural and Ayurvedic products, including henna and other hair care solutions. The brand emphasizes traditional methods and natural ingredients to provide effective and holistic beauty solutions.
Kajal Dulhan Mehndi Center:
Kajal Dulhan Mehndi Center is renowned for its expert mehndi (henna) application services, specializing in intricate and beautiful designs for brides and special occasions. The center is known for its skilled artistry and high-quality henna products.
Transitioning to the next critical aspect of the “Paradyes Company Profile,” let’s explore the valuation of Company. Valuation is a key factor in forecasting the market value of the company and understanding its financial standing.
Paradyes 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 Paradyes for the financial year 2023-2024 is roughly Rs 32.5 crore, which is equivalent to $ 3.78 Million Doller.
Now moving on to the next part in “Paradyes Profile Overview” that include all the event that happened in shark tank and how the company was able to receive the funding. So let’s start.
Paradyes Shark Tank India Season 2:
Paradyes made a thrilling debut on Shark Tank Season 2, which kicked off in January 2023. With a compelling pitch that captivated the investors, the brand successfully secured funding and marked a significant milestone in its journey.
Let’s delve into the details of the pitch that won over the sharks and led to their investment in Paradyes.
Paradyes Shark Tank Pitch:
The pitch began with a ask for Rs 65 lakhs in exchange for 1% equity. The founder then showcased their innovative product: a semi-permanent hair color that stands out for its long-lasting effects and ease of application and removal.
Paradyes Shark Tank Offer And Deal:
The company received an offer of Rs 65 lakhs for a 2% equity dilution, which was a combined deal from Vineeta Singh and Aman Gupta. Each investor committed Rs 32.5 lakhs for a 1% equity stake in Paradyes.
Now, let’s move on to the final topic of discussion in the “Paradyes Company Profile” the FAQ Question.
FAQ question:
When was Paradyes founded?
Paradyes was founded and established in year 2020.
Where is Paradyes located?
Paradyes is head quarters are located in Ahmedabad, India.
Is Paradyes a funded company?
Yes, Paradyes is a funded company that has till now raised Rs 65 Lakhs of funding.
When was the latest funding round of Paradyes?
Paradyes latest funding round happened last year on Jan 13, 2023.
Is Paradyes a Beauty & Personal Care Products company?
Paradyes is a beauty tech company that is specialized in making semi permanent hair color that is easy to use.
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