
Sharks Invested
Product Details
Entrepreneur Background
Karan Verma, founder of Bullspree, comes from fashion retail background with experience in men's fashion e-commerce. His insight: Indian men want affordable premium casual wear but lack curated options. He created Bullspree as an online men's fashion brand offering curated casual wear, streetwear, and lifestyle products at accessible prices.
The Product / Service
Bullspree is an online men's fashion brand offering casual wear, t-shirts, shirts, hoodies, and lifestyle products. All products focus on quality fabric, contemporary design, and comfort. The brand combines premium quality with affordable pricing (Rs 299-1,999 per item). Direct-to-consumer model ensures cost efficiency. Target: young men aged 18-35 wanting quality casual fashion.
The Ask
Amount: Rs 1 crore | Equity: 8% | Valuation: Rs 12.5 crore
Pitch Presentation
Karan presented India's men's casual wear market: Rs 15,000+ crore market with minimal curated D2C options. Bullspree offers quality casual wear at accessible prices. Metrics: 100,000+ customers, Rs 3 crore annual revenue, 50%+ repeat purchase, 4.7/5 rating, 40% month-on-month growth.
Sharks' Reactions & Criticism
Anupam Mittal immediately connected with D2C men's fashion opportunity. He appreciated the quality-at-price positioning. Peyush Bansal raised concerns about unit economics and customer acquisition costs in competitive space. Vineeta questioned fashion category saturation.
Negotiation & Offers
Anupam offered Rs 1 crore for 12% equity. Karan countered Rs 1 crore for 8% citing organic growth and healthy unit economics. Anupam accepted 8%, valuing founder's retail expertise. Deal included retail partnership potential.
Final Verdict
Deal Secured: YES | Investment: Rs 1 crore | Equity: 8% | Shark: Anupam Mittal
