Makino

Priyank Patel is the founder and CEO of Makino, which is a brand under Recorn Foods, based in Gujarat. He came with his 3 brothers: Ankit manages E-commerce and branding, Keval looks after modern trade and HoReCa, and Ronik supervises production and logistics. Priyank is the head who also handles exports. Talking about academics, Priyank has done an MBA from Great Lakes Institute of Management. Ronik did his PGDM in Entrepreneurship from EDII, and Keval also studied the same from XLRI Jamshedpur. The Patel brothers are Season 2's most academically credentialled four-brother founding team a Great Lakes MBA, an XLRI Jamshedpur PGDM, and an EDII Entrepreneurship PGDM, plus a production specialist.

Makino, operating under the parent company Recorn Foods, was founded in 2018 to provide a healthier alternative to traditional potato chips. While the Indian market is saturated with fried snacks, the founders identified a gap in the nachos and corn-based snack segment. By combining Mexican food technology with Indian palate preferences, they built a brand that emphasises health without compromising on the crunch factor. Makino is India's first nachos brand specifically positioned for Indian palates producing corn-based nachos, chips, twists, and roasted nuts with Indian flavour profiles (Indian Chaat, Meethi Mexicana, Red Chilli Chatka) while maintaining the health credentials of corn-based snacking (40 percent less oil, zero cholesterol, zero trans fat, zero MSG) versus potato chips. The manufacturing process uses authentic Mexican corn extrusion technology adapted for Indian raw material sourcing.

Amount Asked: ₹2 crore Equity Offered: 2% Implied Pre-Money Valuation: ₹100 crore

Makino brought the flavour of Mexico mixed with Gujarati entrepreneurship to the Tank. The four Patel brothers from Himmatnagar, Gujarat entered with sample nachos in all eight flavours, distributing them to each Shark for tasting. Like most products, each Shark liked the taste. The pitch opened with the market opportunity: the Indian nachos and corn snack category was significantly underserved compared to potato chips, yet growing rapidly as Indian consumers explored alternatives to conventional namkeen and potato chips. Makino positioned as the first Indian brand to bring authentic Mexican nacho culture to Indian palates with Indian-friendly flavours.

Anupam Mittal was not sure about how the nachos are safe for kids questioning the health claims against the reality of corn-based snacks' actual nutritional profile for children's daily consumption. Namita Thapar exited because she had already invested in Tagz Foods (a similar healthy snack brand) from a previous Shark Tank season creating a direct conflict of interest that prevented her from investing in a competing snack brand. Aman Gupta did not agree with the valuation. A ₹100 crore valuation for a company generating ₹19 crore revenue with zero profit and ₹15 crore plus in debt implied a 5x revenue multiple at a company that was not yet profitable Vineeta Singh was the most willing investor initially she wanted to invest and talked with Peyush to form an offer. Peyush Bansal co-operated with Vineeta's investigation and immediately agreed to revoke the offer once the additional financial exposure was discovered. His exit was commercial rather than product-quality-based.

Vineeta and Peyush were in the process of forming a joint offer when the undisclosed additional debt was discovered. The offer was revoked before it was formally presented. No completed offer was ever made to the founders. All other Sharks had exited before this point. Makino left the Tank without any deal.

Makino left Shark Tank India Season 2 Episode 41 without any investment. An offer was forming between Vineeta Singh and Peyush Bansal but was revoked immediately when additional undisclosed financial obligations beyond the already-disclosed ₹15 crore loan were discovered during due diligence questioning. Namita exited due to portfolio conflict with Tagz Foods, Aman exited on valuation grounds, and Anupam exited on health claim concerns. No formal offer was ever completed.

Even without a deal, they must have gotten a very big boost in sales after the show. Makino is still doing business making nachos. Makino Foods is still in business and active. Their LinkedIn page tagged as "Shark Tank India Brand (S2 E41)" shows active participation in major food industry exhibitions including AAHAR 2024 (India's largest food and hospitality fair, New Delhi) and Khadhya Khurak 2023 (Gandhinagar). The brand continues to expand its product range, flavour portfolio, and export footprint. Products available on makinofoods.in, Amazon, and offline retail channels. The 15 plus country export presence a commercial achievement few Indian snack brands achieve before institutional investment continues to grow. The Shark Tank national visibility, despite the no-deal outcome and the on-air financial revelation, gave Makino brand recognition across India's premium snack consumer segment.