💰26-Year-Old Entrepreneur Bags Shark Tank Deal! (Issue 031)

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In today’s Issue 📥 :

• Introducing Ravel!

• Trust Your Gut.

• The largest continental air space.

• The merger of the Century.

Introducing Ravel – The Revolutionary Customized Hair Care Brand!

☕ Good Morning! Sippers,

How many times have you picked up a hair product that claimed to work on your hair type, but ended up being a total disappointment? We all have been there!

But not anymore.

Ravel is here.

Ravel was founded by Ayush Mahesh Verma, who noticed a huge gap in the hair care industry in India. He realized that every region had a different climate, resulting in people having different hair types and issues. But the same hair products were sold to everyone regardless of the issue they were trying to treat.

So, he established Ravel in 2021 to offer customized hair care products for individual needs. Unlike other brands in the market that rely solely on computer algorithms to customize products, Ravel puts an expert to the task as well.

The brand offers a science-backed test form that customers must fill out, including everything from gender, hair type, lifestyle, stress levels, hair issues, intensity, etc. Based on these responses, a unique hair care product is formulated for each customer.

Ravel also follows up with its customers and keeps a check on their individual progress and concerns in the journey. Since its inception in 2021, Ravel has witnessed significant growth and made sales worth Rupees 1.55 crore from January 2021 to March 2022.

On Shark Tank India, Ayush Verma asked for Rupees 75 lakhs for 2.5% equity in the company, and after negotiation, he accepted Anupam’s conditional offer of Rupees 75 lakhs for 7.5% equity in the company.

So, if you’re tired of using generic hair products that don’t cater to your specific needs, give Ravel a try.

SIP Insights:

1. Identify gaps in the market: Ayush noticed a gap in the hair care industry and founded Ravel to offer customized hair care products.

2. Follow your passion: Ayush’s entrepreneurial spirit drove him to pursue his dream of starting a business.

3. Research and observe: Ayush went on a tour of different places in India to observe the hair care habits of people and identify pain points.

4. Offer customized solutions: Ravel offers customized hair care products based on a science-backed test form that customers fill out.

5. Use natural ingredients: Ravel uses unique blends of natural ingredients to formulate its products.

6. Seek expert advice: Ravel puts an expert on the task of customizing products for customers, in addition to using computer algorithms.

7. Follow up with customers: Ravel follows up with its customers to keep a check on their individual progress and concerns.

8. Negotiate wisely: Ayush negotiated with investors on Shark Tank India and accepted a conditional offer that would help his business grow.

IMPROVEMENT SIP

Trust Your Gut: When Your Instincts Are Right (and When They’re Wrong)

Gut reactions are often referred to as instinctual responses that occur automatically and without conscious thought. These reactions can be very powerful and can influence our decision-making processes, but are they always accurate?

The answer is, it depends.

Gut reactions can be right or wrong, and their accuracy depends on the individual’s level of experience and expertise in the given domain. When gut reactions are based purely on emotions and lack of experience, they tend to be wrong. On the other hand, when gut reactions are rooted in a deep understanding and well-developed taste, they tend to be right.

This idea is supported by research on intuitive decision-making. A study by Dijksterhuis and colleagues found that people who were experts in a particular domain were able to make accurate decisions based on their intuition, while those who lacked expertise made poor decisions based on their gut reactions.

Furthermore, a case study of a stock trader named Paul Tudor Jones found that his gut reactions were often accurate due to his extensive experience and knowledge of the stock market. Jones was able to make successful trades based on his instincts, which he developed over years of trading.

However, gut reactions can also lead to biased decision-making. A study by Lerner and colleagues found that people’s gut reactions to emotionally charged situations often resulted in unfair and discriminatory decisions. The researchers concluded that people’s instincts can be influenced by their underlying biases, which can lead to unfair outcomes.

In conclusion, gut reactions can be both right and wrong, depending on the individual’s level of experience and expertise in a given domain.

Trusting your gut when you have the experience to back it up is important, but be cautious when making decisions based solely on emotions or biases. As author Malcolm Gladwell once said, “Truly successful decision-making relies on a balance between deliberate and instinctive thinking.”

HOT SIP

The merger of the Century: UBS in Talks for Mammoth Takeover of Credit Suisse

If not, you might have missed the urgent negotiations between Switzerland’s two biggest banks – UBS and Credit Suisse.

UBS, Switzerland’s biggest bank, is currently in talks to finalize a mammoth takeover of its troubled rival, Credit Suisse before the markets reopen on Monday. The authorities are urging UBS to seal the deal to avoid a wave of contagious panic on the markets.

According to several media outlets, an exceptional meeting is taking place in Bern on Sunday, bringing together the Swiss government and the banks’ executives. The well-informed tabloid, Blick, has reported that UBS will buy Credit Suisse, and when the stock market opens on Monday, Credit Suisse could be a thing of the past.

This merger of such a scale would normally take months, but due to the enormous pressure exerted by Switzerland’s major economic and financial partners, the Swiss authorities felt they had no choice but to push UBS into overcoming its reluctance.

Credit Suisse has been plagued by a series of scandals in recent years, and the market movement suggests the bank is being perceived as a weak link in the chain. Customers have withdrawn 10 billion Swiss francs ($10.8 billion) in deposits in a single day, and after a turbulent week on the stock market, Credit Suisse was worth just over $8.7 billion by Friday evening.

*An acquisition of this size is dauntingly complex, and UBS would require public guarantees to cover legal costs and potential losses.

SMALL SIPS

Landslide Victory: Billionaire Elon Musk has claimed that former President of the United States Donald Trump would be re-elected in a “landslide victory” if he is indicted by Manhattan prosecutors.

Mass Layoffs: “Sometimes it does affect me, this news of tech layoffs. I shouldn’t have to worry about visa status but about academics and friends,” says 16-year-old Tanish Koparde of Texas.

800,000 signed up: North Korea’s state newspaper on Saturday reported that about 800,000 of its citizens volunteered to join or reenlist in the nation’s military to fight against the United States.

Identical cousin: In Japan, a country with a rich and ancient history of horticulture, it is nowadays extremely rare for new plant species to be identified. But the latest one has been growing under their noses, and it is exceptionally beautiful.

Water warning: Human activities – from destroying forests to burning gas, oil, and coal for energy – are disrupting the rainfall the world depends on, fueling huge economic, health, and social stability threats, scientists and economists warned on Friday.

With CHAI ☕

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🏁 It’s Interesting: The first product to have a barcode scanned was a pack of Wrigley’s chewing gum in 1974. Since then, barcodes have become ubiquitous in the retail industry, allowing for efficient tracking of inventory and sales data. The barcode revolutionized the way that businesses manage their supply chains and has contributed to the growth and success of the modern retail industry.

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