P-TAL

P-TAL designs and sells pure-metal cookware, drinkware, and dinnerware handcrafted by Thathera artisans, emphasizing authenticity, purity, and health benefits such as better nutrient retention and natural non-stick properties.

Founders:

Aditya Agrawal, Gaurav Garg , Kirti Goel

MARKET & PRODUCT

Problem Statement

Traditional Thathera craft was declining and consumers lacked access to authentic, pure-metal cookware that aligns with Ayurvedic health practices.

Solution

Handcrafted cookware and kitchenware in brass, copper, and kansa made by Thatheras, updated in modern forms and sold D2C with verified purity.

USP

Handcrafted cookware and kitchenware in brass, copper, and kansa made by Thatheras, updated in modern forms and sold D2C with verified purity.

Target Market

Health-conscious buyers of cookware, taste-seekers who prefer the flavor profile from these metals, and premium/luxury consumers buying for aesthetics; strong NRI demand in international D2C.

Market Size/Opportunity

N/A

Positioning

Premium/luxury

Competitive Advantage

Verified purity narrative, direct artisan relationships in Jandiala Guru, rich brand story around UNESCO-listed craft, and strong gross margins enabling premium positioning.

Revenue Streams

Direct sales via own website (India and international), marketplaces (including Amazon), bulk/corporate gifting, and a Delhi retail store.

Pricing Strategy

Premium pricing; e.g., copper/brass water dispensers at approximately ₹6,360 (3L), ₹7,430 (5L), and ₹9,500 (10L); select SKUs around ₹1,985.

Distribution Channel

~45% India D2C site, ~10% international D2C (majority NRI), ~8% other marketplaces (e.g., Tata CliQ/Okhai/LBB), ~7% Amazon India, ~20% bulk gifting (including G20), ~10% from Delhi store.

Production/Operational Model

Products are hand-made by Thatheras of Jandiala Guru; materials warehoused and fulfilled through an organized supply chain (e.g., Amritsar to warehouse), highlighting purity and artisan compensation.

Business Model Type

Hybrid D2C-led with B2B elements via bulk/corporate gifting.

Revenue

Annual sales progressed from ₹21 lakh (FY20) to ₹85 lakh (FY21), ₹2.76 crore (FY22), and ₹3.98 crore (FY23); current year-to-date ~₹3.9 crore with a plan to close ~₹9 crore; last month ~₹72 lakh net sales.

Profit Margins

~56% gross margin; contribution metrics discussed on-air with positive EBITDA of ~6% after operating costs.

Unit Economics

Approximate cost stack included raw material ~28%, artisan payout ~15%, inbound logistics ~1%; then PG charges ~2%, channel margin ~2%, packaging ~1%, shipping ~10% on average (≈6% India, ≈30% international).

Customer Metrics

AOV around ₹4,500 in India and ≈$250 internationally; majority of international orders from NRIs.

Growth Rate

Clear YoY growth from ₹21 lakh to ₹3.98 crore across four years, with momentum reflected in recent monthly sales.

Past Performance

Raised a seed round earlier—about ₹4.33 crore at ₹25.25 crore pre-money and ₹29.5 crore post-money—led by Titan Capital with participation from Anicut Capital and noted D2C angels.

Investment Ask

₹50 lakh for 1% equity.​​

Deal Outcome

All five sharks—Aman Gupta, Anupam Mittal, Amit Jain, Namita Thapar, and Vineeta Singh—closed at ₹1 crore for 3.2% equity collectively.

Use of Funds

Near-term focus on scaling India D2C and Amazon India/US; defer broader marketplace/exports expansion to after stabilizing key channels.

Challenges/Concerns Raised

High price points vis-à-vis “affordable luxury” positioning, D2C scalability/profitability for premium heavy SKUs, and the need to sharpen the brand’s core message/tagline.

Shark Questions

Detailed interrogation of unit economics, pricing-to-purity linkage, channel strategy, and whether the business currently makes or burns cash.

Growth Strategy

Double down on D2C India and Amazon India/US in the next 6 months, with exports as a key long-term growth engine.​

Customer Acquisition Strategy

Paid marketing at ~12% of net sales, supported by a heritage-and-health brand narrative to drive premium D2C conversion.

Pivots

Began as an SRCC social enterprise project and matured into a D2C brand; no explicit pivot beyond formalizing operations and scaling channels.

Learnings/Insights

Clear positioning around purity and health benefits matters for premium pricing; investor-network fit is as important as capital.​

Lesson for Founders

Align tagline with the strongest proof-point (purity/grade), leverage exports where AOV and margins are higher, and use heritage storytelling alongside measurable unit economics.