In the promo video of Shark Tank India Season 2, Toyshine Business founder Rohit Khanna is shown talking about the business of keeping toy castles and other toys. Entrepreneurs are telling that "Toyshine is a preschool and toddler specialist indoor toy brand, which makes high-quality, affordable, and unique toys".
Shark Aman Gupta calculates the valuation and asks him 'Brother tell me one thing, how much is your sales?', on which the founder has earned ₹45 crores last year. To this confidence, Sharq Aman tells that "Toh aap dhai sau crore maang sakte ho, ab aage badho." While having such an interesting conversation, they try to know about the business in detail.
Table of Content
Toyshine Business Vision
Toyshine Business is a company that sells authentically designed and appropriate toys for children with high quality. The brand's vision is to create a world where children can play with toys that are not only entertaining but also educational. The company focuses on making toys that help children learn and develop skills, while also providing them with hours of fun.
Toyshine Products
Toyshine sells a wide range of toys that are designed to meet the needs of children of all ages. The company's products include building blocks, puzzles, dolls, cars, and ride-on toys. In addition, the company also sells Katogir toys like Montessori Toys, Writing Tablets, Ride-on Scooters, and Die Cast.
The company's products are comparable to major global toy brands such as Lego, Bandai Namco, Fisher-Price, Barbie, Nerf, Mattel, Hasbro, Hot Wheels, Disney, and My Little Pony. The company also offers big licensed cars such as Lamborghini, Mercedes, Porsche, Bugatti, which cater to car enthusiasts.
Toyshine Business Statistics
Toyshine makes products for children ages 0-12, with over 85% of their toys made in India. Their average order value is ₹700, and they do ₹4 crore to ₹4.5 crore sales in a month. In the past few years, Toyshine's yearly sales have been steadily increasing, with ₹10 Crore in FY 2018-2019, ₹25 Crore in FY 2019-2020, ₹40 Crore in FY 2020-2021, and ₹45 Crore in FY 2021-2022 (with a net profit of 15%).
Toyshine Shark Tank India Episode Details
In Shark Tank India Season 2, Week 7, Episode 35 (aired on 17 February 2023), Toyshine Business founder Rohit Khanna asked for ₹1.25 Cr for 0.5 Equity, but there was no deal made. The company valuation was ₹250 crore, and no investor name was announced.
Toyshine Business Deal on Shark Tank India
Although Toyshine Business has achieved great success, no deal was made on Shark Tank India Season 2. According to the sharks, the company's sales should have increased after the regulation on Chinese products, but the sales figures are flat. However, the company has already achieved significant success and continues to offer unique, high-quality toys for children.
Conclusion
We hope you enjoyed reading about Toyshine Business which aims to offer high-quality and unique toys at affordable prices. Despite not having a deal with the Sharks on Shark Tank India Season 2, Toyshine Business continues to thrive and grow, expanding its traditional toy business by venturing online.
Frequently Asked Questions About Toyshine Business
What is Toyshine Business?
Toyshine Business is a toy company that specializes in creating high-quality and affordable indoor toys for preschoolers and toddlers.
What types of toys does Toyshine Business sell?
Toyshine Business sells a wide variety of toys, including Montessori toys, writing tablets, ride-on scooters, die-cast cars, and more.
What age range are Toyshine products suitable for?
Toyshine products are designed for children ages 0-12.
How long has Toyshine Business been in operation?
The parent company of Toyshine Business, Sunshine Gifts, was started in 2008.
What is the yearly sales revenue of Toyshine Business?
Toyshine Business had sales of ₹45 crore last year.
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