Ishha Rimbay, founder of the Migalaya -based silk clothing brand, came in a modern episode of Shark Tank India Season 4. She left her, as she talked about her personal and financial struggles, left “emotional sharks”.
She, with her daughter and co -founder, Libyan Rimbay, sought an investment of $ 20 compared to 12 percent of shares to expand their business and bring the brand to a wider audience. However, their company’s evaluation reached 1.67 rupees.
The brand produces ERI silk threads, organically dyed and the ERI silk fabric is handcrafted. Its products are environmentally friendly and include scarves, shawls and yolk tissue.
Seeing them is to maintain the craftsmanship of the indigenous population while making silk production more sustainable. According to their website, LAC, turmeric, leaves, bark are used to dye ERI silk, traditional designs, weaving methods for making scarves, shawls, and yogurt fabric among others.
During her stadium, she stated that she is only 20 years old. “I was married at a very early age,” said Rimbay.
She also stated that she took over the fabric to support her four daughters. For the shock of sharks, I also mentioned that he was in debts of $ 35 for her because of her inability to develop her business.
“You are stuck in the debt trap,” said co -founder and CEO of Lenskart Peyush Bansal. The founders have received an investment of $ 20 to 12 percent of shares from the founder of Shaadi.com, CEO of Anupam Mittal and Emcure Phenaceuticals Namita Thapar.
In addition to providing the investment, Thabar said: “There is nothing that a woman cannot do in this country.” Although she was not invested, she offered the founder of Sugar Cosmetics and CEO of Vineeta Singh, helping the mother duo and her daughter in any way they love her.
Even “sharks” have suggested the steps to develop ERI woven in an recognized brand.
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