Avataar Skincare Founder Saumya Misra Shark Tank Success Story, Funding, Age, Career, Education, And More

Avataar Skincare Founder Saumya Misra presents her amazing skincare treatment products on the Shark Tank Season 3 Episode 30. The company started in 2022 and is running successfully for 2 years. Avataar Skincare provides laser treatment for acne, hair removal, skin rejuvenation, and more. The company gets funding from Shark Aman Gupta and Shark Anupam Mittal for a total amount of Rs. 70 Lakhs divided into debt and equity. We will share a complete journey of Avataar Skincare Founder below.

Who Is Avataar Skincare Founder? Saumya Misra Shark Tank Journey, Age, Husband, Education, Career, Success, And More:

Avataar Skincare founder Saumya Misra belongs to Bhopal, India, and works on skincare and body care solutions for herself and the people around her. She completed her schooling at Carmel Convent Senior Secondary School, BHEK, Bhopal. Having an incline towards technology, she enrolls in a Bachelor of Technology (B.Tech) in Electronics and Communication Engineering from Maulana Azad National Institute of Technology.

After her graduation, she did a small course in the Exchange program where she provided consulting for the premium hotel chains. She did her PGP (post-graduation program) at the Indian Institute of Management (IIM), Bangalore for two years. Saumya used to do some stand-up comedy during her college as well. After completing her studies in 2015, she went on to a job at Bain & Company where she was a manager. Starting from a base level, she reached high on the corporate ladder.

However, before Bain & Company, she also did a summer associate program with them where she got a full-time selection. She showed her potential in two months. Utilizing her college degree, she worked as a Production Engineer at Bharat Heavy Electricals Limited, Bhopal while pursuing her additional course. After Bain & Company, she gets the position of Engagement Leader in Heidrick & Struggles. Her journey with Avataar Skincare started in 2022.

Avataar Skincare Founder Success Story: How She Builds Avataar Skincare Technologies?

Saumya Misra is also a national-level pistol shooter. She was excellent in academics as well as sports. Despite having all the talent, she used to feel low as she had acne on her face. After suffering for a long time with skin issues, she got to know about a laser treatment that changed her life. However, she spent a lot of money on her recovery which is not possible for all. Skincare clinics and treatments charge a high amount.

Saumya realized that not only a single clinic, but the industry of skincare treatment is not standardized. The high price makes it unaffordable for many. After observing the trend of having everything at home, she decided to take her brand Avataar Skincare to every household providing skincare laser treatments to people at their homes. They deal in providing solutions for Acne, Pigmentation, unwanted hair, hair fall, and also weight reduction.

Avataar Skincare Technologies is US FDA (Food And Drug Administration) approved and safe for use. They have dermatologist-designed treatments that technicians provide to you at your home. They use cocktail technology to ensure better results. They have 20%-30% lower prices for their services compared to other companies. Avataar has reached 7,000 customers practically till now.

Saumya Misra Shark Tank Avataar Skincare Prices:

Avataar Skincare provides four main categories of service: Laser facials which are around Rs. 3,000 to Rs. 5,000. The second one is permanent hair reduction for Rs. 35,000 for 6 sessions. The third is weight reduction for Rs. 3,800 for a single session of the abdomen, and Rs. 10,000 per session including other parts. The last is skin rejuvenation for Rs. 3,000-9,000 per session. They have 50 therapists for them.

Avataar Skincare Shark Tank Journey:

Avataar Skincare’s founder journey started after she observed that not only she but many people are going through some skin or body issues facing criticism and low self-esteem for their looks. Saumya asked for Rs. 70 Lakhs for 1% equity at a valuation of Rs. 70 Crores. Her cousin is in the laser business so she gets access to cheaper laser devices. He got the most results from tier 2 and tier 3 cities after which Saumya got to know the opportunity in the market.

Shark Anupam gave the first offer for Rs. 70 Lakhs for 3% equity. While Shark Aman gave the same offer. However, Saumya wants to match the valuation. She counteroffered for a debt-equity combination to get a Rs. 70 crore valuation. They revise the offer to Rs. 20 Lakhs for 0.28% equity and Rs. 50 Lakhs debt @14% interest for three years. Saumya Misra counteroffers Rs. 35 Lakhs as equity and the rest as debt. Both Shark Aman and Anupam combine and make a deal with her.

Avataar Skincare Funding:

Avataar Skincare started with an investment of Rs. 1.5 Crores and gets a grant for $100k later. Avataar Skincare funding from Shark Tank is for Rs. 35 lakhs for 0.5% equity and Rs. 35 Lakhs for 14% interest for three years. The deal is done with Shark Anupam Mittal, Founder and CEO of People Group and Shaadi.com, and Shark Aman Gupta, Co-founder and CMO of boAt.  They are available on Instagram as well by the user name @avataarskincare. Keep reading with Charcha Times for more information.

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Garima Kaur is a B.com student and an author at Charcha Times. She is passionate about exploring the dynamics of business world, startups, share market, and crypto.

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