Category: Shark Tank Pakistan

“National Impex Founder Mudassir Shafiq Seeks 300 Crore PKR for 3% Equity, Shark Tank Crashed”

Mudassir Shafiq is the founder of National Impex and Muhammad Mubeen the finance director of National Impex. Founder said that I had a dream that we made machinery in Pakistan, we imported a lot in Pakistan and sent a lot of our foreigner exchange abroad. My dream is that we make all kind of technology here.

Now we want to develop things and make trials, so now we want to expand it so that machines are made in Pakistan, exported and employment is generated here. They asked for 300 Cr PKR for 3% equity.

Founder said that no one is doing this in Pakistan except us. Shark Junaid asked the founder now you tell me what you actually are doing? Founder said that our major is plastic, printing, packaging and converting industry. Shark Faisal asked him have you sold some of it locally or have just made a prototype of it? Founder said that we have sold a lot of it, we try to sell about 6 to 8 machines every year.

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Founder said that we made our first machine in 2015 for $3000. Shark Usman asked him what type of machinery do you guys make? Founder said that we made paper slaters, paper rewinders, core cutters and inspection machines. Their sales in 2023 are PKR 3.5 Cr to PKR 4 Cr and the net profit is 30% to 35%.

Sharks asked them what is the total valuation of your company? The founder said that valuation of the company is 100 billion. The inventory they got is PKR 7 to PKR8. Shark Junaid said that I don’t understand you valuation it may be absolutely correct but for today I’m out. All Sharks are out for today because they didn’t understand the concept why they are asked for 300 Cr PKR. The deal is not done.

They are working in the good direction by locally manufacturing such companies but they need to understand how valuation and investment works.

https://nationalimpex.enic.pk

Hassan Kashif , the founder of Gum & Gums is from Pakistan. He studied Biology and MBA from USA, he completed his education in the last 11 years from the United States, from high school to all the way masters. His academic background was in Biology, and he was on the pre dental tracks shadowing dentists and worked in the field, and that’s how he came up with the product. He said in Pakistan 80 billion children suffer from dental cavity, that’s why he invented Dr. Floss.

Dr. Floss is a patented flossing solution that cleans your teeth with the click of a button. They already have raised 10 million PKR in non-dilutive funding through various pitch competitions and grands. They are partnering with some of the top dental schools such as Columbia & NYU. He asked for Rs. 70 lacs PKR for 10% equity. Rs.  7 Cr PKR Valuation.

The market size in 2025 is expected to be 4.9 Billion PKR . Shark Usman Bashir asked him if there is any competition of this water jet like style floss? He answered that there is no competition because its one of its kind. Shark asked him what is its barrier to entry and if there is any unfair specific pattern you got, and there are variations also? Founder said that as far as they have done their MVP prototyping till now, he thought that the unfair advantage would come in the form of a thread based floss. Their startup stage is just a pre-revenue because they are prototype.

Shark Junaid Iqbal said him that you have invested your 1 Cr PKR on it you must have to test this product first in the market, simply he answered that they are in bulk and the prototype in that needs to put more manufacturing design, for that purpose they need funds. Sharks asked him to test this product in the market, he said that they made a mold and they took some units to the dental schools and they liked it.

As per my analysis, the founders was not able to answer where they spent Rs. 10 Million PKR raised earlier and why his product is not in the market with this amount. The other reason is that such innovative products need huge funding for research and testing and VCs in Shark Tank normally don’t fund such startups.

The founder is highly qualified and working on something innovative but in early stages. If he keeps doing the stuff then he will surely grow his startup. At the very end the Sharks are out and the deal is not excepted.

“Revolutionizing Sports Gear: Mawaz Taimia Seeks 75 Lacs Investment for Knock Sports on Shark Tank Pakistan’s Premiere”.

Mawaz Taimi, the founder of ‘Knock Sports’ from Lahore. He started his journey in 2008, he’s a professional cricketer and right after that he got an opportunity to play for Pakistan Army. Founder has been working in the industry since 2008 and for the last 4 years he has been in Sialkot to manufacture the bats. Then he started to run his own business. His startup stage is revenue generating. He asked Sharks for Rs.75 lacs for 25% equity to get stable to his business. He invested his own 2 million PKR in Knock Sports company till now.

The market size in all over the world is $600M and $65M in Pakistan. The product price range which the Knock Sports company are offering is 135k per as compared to the other brands cost 200-250k.

The product price range which the Knock Sports company are offering is 135k per as compared to the other brands cost 200-250k. He generated Rs.6 lacs revenue in 2022, Rs.20 lacs revenue in 2023 and Rs.45 lacs revenue in 2024. The 70% supply from all over world is from Pakistan and India. He wants to sell these on international level and to sponsor the players so they can also sell them internationally.

Founder of Knock Sports said that the net profit for each bat is 30% and if we do bulk buying then our margin will automatically rise to 40-45%. He said that it takes 3 days to make a customized bat.

The price breakup (selling in 135k and overall cost per making is 93k). The team of 3 people are working under his company. They also have sent bats to Australia, Netherland and Ireland showcasing their expansion into different markets. The profit margin is projected to increased significantly, suggesting a strong financial outlook. The brand emphasizes sustainability and long-term growth, even with potential price increases.  The Sharks discussed the production capacity and quality control measures for their customized sports brand, particularly focusing on bat production.

The team explores the potential production level of bats. Question arises about the maximum capacity of bat production in the next six months. The owner of Knocks Sport estimate that they can produce 100 bats per day with the right work force. Concerns are raised about quality control with increased production and workforce. ‘The founder mentioned that there is no competitor in Pakistan’.

Sharks are impressed by his method of running a business in a particular way. Sharks who funded the startup (Romana, Rabeel, Usama Bashir). Funding received (75 lacs for 30% Equity and 10% for Royality). Funding breakdown (55% buying raw materials, 15% buying machines, 30% human resource and marketing), Deal is closed. ‘Sharks expresses gratitude for the offer and shows enthusiasm for moving forward’.

Knock Sports Website
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