Mayank & Bhuvan Biography: The Gud Gum founders’ Shark Tank Season 3 proposition was commendable. They introduced an innovative concept for chewing tissues that elevated the chewing experience. Amidst the proliferation of startup ventures, the millennial generation is increasingly gravitating towards environmentally sustainable alternatives. Additionally, Gud Gum strives to promote environmental sustainability through the use of 100% biodegradable chewing gums. By prioritizing health and the environment, Gud Gum has established itself as a brand that has thus far prevented the release of approximately 850 kilograms of plastic into the environment. An in-depth examination of the Gud Gum founder’s shark tank experience and early life is provided in the following section.
| Name | Mayank B Nagori |
| Gender | Male |
| Age | 29 years old |
| Education | Graduation in Engineering |
| Alma Mater | B.M.S. College of Engineering |
| Profession | Entrepreneur |
| Known As | Co-founder of Gud Gum |
| Shark Tank Offer | Rs. 80 Lakhs for 10% equity and 4% royalty until Rs. 80 Lakhs is recouped at the valuation of Rs. 8 Crore |
| Deal With | Shark Vineeta Singh, CEO and Co-Founder of Sugar Cosmetics, Aman Gupta Co-founder and CMO of boAt, Anupam Mittal, Founder and CEO of Shaadi.com, and Ritesh Agarwal, Founder and CEO of OYO Rooms |
Mayank & Bhuvan Biography: Gud Gum Founders Age, LinkedIn, Education, and Success Story
Gud Gum manufactures renowned chewing gums that are biodegradable, suitable for children, and suitable for those with diabetes. The founders are considered brothers by blood. Mayank B. Nagori is the eldest at 29 years of age. Conversely, Bhuvan B. Nagori is the junior sibling. His age at the moment is 24 years. They jointly derive pleasure from quality time spent together and developed this master product, which is the inaugural natural chewing gum in India to be free from plastic.
Bhuvan B Nagori and Mayank B Nagori are both natives of Bengaluru, India. Mayank completed his undergraduate studies in Chemical Engineering at B.M.S. College of Engineering. He subsequently earned a postgraduate degree from the University of Nottingham in Food Production Management. His initial position was with EDMofy as a Content Specialist, where he composed high-quality articles for prominent clients. Advised on new product development through apprenticeships at Luke Evans Bakery and Snact in the future. Apart from that, he spent a considerable amount of time gaining experience while employed at some notable establishments. Mayank additionally established Pani Foods in June 2020, an enterprise that continues to operate efficiently. The company offers healthy snacks under the brand name HUKI.
Shark Tank India 3 Judge: Inshorts Co-founder & CEO Azhar Iqubal Joins The New Season
Bhuvan is the junior sibling of Mayank, the co-founder of Gud Gum. Baccalaureate of Business Administration (BBA) degree-holding was his degree from Christ University Bangalore. Masterpiece Hardware appointed him as its retail sales manager at the outset of his employment. Together with his sibling, he was operating Pani Foods in addition to his full-time employment. Gud Gum, which Bhuvan and Mayank established in October 2021, commenced operations in April 2022.
Price and Gud Gum Founders Product Review:
Gud Gum’s chomping gum is available in a variety of flavors, including lemon, raspberry, cinnamon, and charcoal. They are composed of fruit extract, essential fragrances, and natural sweeteners blended with chicle tree sap. Chewing gum is particularly renowned for its biodegradability. Most chewing gums, according to Gud Gum Founders, consist of polyvinyl acetate. Remarkably, the aforementioned element is also employed in the production of tires. Consequently, are tires and chewing gum composed of the same material? Three hundred celebrities are among the 17,000 customers that the organization has amassed. More than 120 locations in 14 cities carry Gud Gum, a natural chewing gum. Beginning as a bootstrapped enterprise, the company will shortly generate one crore rupees in revenue. The MRP for their bundle is Rs. 99.
Gud Gum Shark Tank Experience
During Shark Tank Season 3, the founders of Gud Gum present their business and leave a lasting impression on the judges. Their demand was Rs. 50 lakhs for 5% equity at a valuation of Rs. 10 crore. They received an offer from three sharks. Aman, Anupam, and Ritesh constituted them. Shark Aman proposed Rs. 50 Lakhs in exchange for 5% equity and 5% royalty until the investment was recouped at a Rs. 10 Crore valuation.
Additionally intrigued by the enterprise, Shark Ritesh joined forces with Shark Aman and Anupam. Later, Shark Vineeta also accepts the offer. In exchange for 10% equity and 5% royalty, until Rs. 80 Lakhs is recouped at a valuation of Rs. 8 Crores, the four individuals put forth an offer of Rs. 80 Lakhs. They counteroffer the predators a 3% royalty and an 8% reduction in equity. Nevertheless, the scammers counteroffered Rs. 80 Lakhs in exchange for 4% royalty and 10% equity until the entire amount of Rs. The authorities recovered 80 Lakhs at an estimated value of Rs. 8 Crore.
Shark Vineeta Singh, Co-Founder and CEO of Sugar Cosmetics; Aman Gupta, Co-Founder and CMO of boAt; Anupam Mittal, CEO and Founder of Shaadi.com; and Ritesh Agarwal, CEO and Founder of OYO Rooms, all contributed to the agreement acceptance. Mayank owned 30% of the company’s equity, his wife owned 20%, and Bhuvan owned the remaining 50%.
