Acclaimed as a startup with phenomenal potential on Shark Tank India, Alpino Foods has been oversubscribed by 200% on Tyke, after going live on 10th May
On the very first day of going live on Tyke, Alpino Foods registered a funding over 100%, manifesting a wave of popularity amongst retail investors
The company anticipates a burgeoning increase in the buzz in the coming days
New Delhi, May 17: Hailed for their phenomenal potential on India’s popular business reality show, Shark Tank India, Alpino Foods has set the cash counters ringing on Tyke. The company went live on the Tyke’s resourceful portal for investment on May 10th, 2022 and received a rapturous response, being oversubscribed by nearly 200% by May 13th, 2022. The company representing the health food category has created a rush on Tyke as retail investors hustled to the private investment platform to get a piece of the pie; this was manifested by its debut day allure when it received nearly 100% funding. The company envisages an enormous amount of investor love on Tyke till the campaign lasts.
Tyke’s vision is to become a private investment gateway for startups, angel networks and other institutions. The company orchestrates raising capital as a very friction-free and straightforward exercise by eliminating all the deterrents prevalent in raising capital. Currently, the firm is concentrating on automating private capital investments. Its platform enables entrepreneurs to start a round, define terms, and invite investors to participate. It then uses its own software to handle the necessary paperwork, KYC and signatures, as well as power the fund transfer in perfect sync.
Articulating about the sweeping response from the investors on the platform, Karan Mehra, CEO of Tyke, said, “Stitching communities that back your startup is of paramount importance for reaching the next level and ultimately getting to the echelon of the business world. At Tyke, we always aimed at building an overarching platform for private investment, and currently it has come to fruition. We are extremely excited that pioneering companies such as Alpino Foods are raising funds on our platform and fabricating a community for further corporate endeavours and growth.”
This is not the first time that a Shark Tank renowned brand has been listed on Tyke. TagZ Foods, a snack brand, accredited by the “sharks” on Shark Tank’s esteemed stage, went live on Tyke’s enterprising platform in February and got oversubscribed by an awe-inspiring figure of 752%. Tagz turned profitable this Financial Year, after building a strong community on Tyke. While this is a great news for the Brand, the investors who invested in Tagz on Tyke have also seen their wealth multiply, in a short period of time.
Speaking about the overpowering shower of love from the investors on Tyke, Chetan Kanani Co-founder & CEO at Alpino said, “we are having multiple Investment offers on hand and we are going to close our seed round very soon but before that we wanted to give a chance to our customer to be a part of us in our Journey has they have been the contributor of our success.”
Beholden by the love of the investors, Anish Basu Roy, CEO and Co-Founder of TagZ Foods, said, “While we are still such a small outfit, TagZ Foods, while we are flawed and make mistakes everyday, while we are learning every day about our consumers’ needs, to receive so much consumer love is overwhelming! We got oversubscribed on Tyke by a staggering number of 752%! Thousands of consumers have given us a vote of confidence by investing in TagZ Foods. That is precisely the kind of motivation we need to keep building, keep hustling, keep innovating! With thousands of these consumers as our partners, as our evangelists, we are now unstoppable!”
