Introduction
Febris is a medical fashion company that produces scrub caps, uniforms, and other items for healthcare personnel. In the video, Namita Thapar is heard wondering why Febris hasn’t partnered with more hospitals and claiming that running a business is not an easy undertaking.
The latest season of Shark Tank India has returned to Sony Entertainment Television and Sony LIV. Rahul Dua, a comedian, serves as presenter, and six judges, sometimes known as “sharks,” are present. Vineeta Singh, Co-Founder-CEO of SUGAR Cosmetics; Peyush Bansal, Founder-CEO of Lenskart.com; Amit Jain, Co-Founder-CEO of CarDekho Group and InsuranceDekho.com; Anupam Mittal, Founder-CEO of Shaadi.com – People Group; Aman Gupta, Executive Director of Emcure Pharmaceuticals; Namita Thapar, Executive Director of Emcure
Shark Namita warns viewers in the promotional video that breaking into this sector is not simple. She also wonders how he can supply items to only 10 hospitals while he is doing such a successful business and there are thousands of hospitals in India.
So let’s see if Febris got a deal or not.
About the Brand
Dr. Vishal Bajaj, the company’s creator, enters first, followed by his father and fellow founder Girdhar Bajaj.
Dr. Bajaj has launched his own medical lifestyle brand that offers a variety of colourful and bright scrubs, caps, and other pieces made out of a fabric that is antimicrobial, 4 way stretchable, breathable, and masterful by a spill proof technology to highlight the unattractive attire worn by the healthcare sector employees and further creates a glum atmosphere at hospitals.
Febris Medical Fashion was founded on the principle that medical labour should be pleasurable, secure, and comfortable. It is a high-end medical fashion label which honours mankind. Introducing the Indian jewel of the medical workwear industry.
Products Offered
- Febris Super Scrub Caps
- Febris 5 Layered Premium MaskAnti-Microbial
- Febris Badges with Colored Hard Enamel and Gold metal Polish
- Febris white socks for all your casual, athletic and daily activities
Sales and Valuation
Febris sells over 150 designs of Febris Scrub Caps. It has over 50,000 Caps users and over 10,000 Scrub users. Scrub Market Size is ₹3000 Crore.
If you look at Fabrice’s sales split – 70% of sales are from B2C and 30% are from B2B.
Febris Medical Fashion Sales
- FY 19 – 20 Sales – ₹9 Lakh
- FY 20 – 21 Sales – ₹67 Lakh
- FY 21 – 22 Sales – ₹1.07 Crore
- FY 22 – 23 Sales (Till Date) – ₹70 Lakh (Previous Month Sales – ₹12.85 Lakh)
Fabric’s net margin is 20 percent.
Deal or no-deal?
He requests Rs. 1 crore in funding against 2.5% equity in order to cut the current pricing of his items. Peyush immediately notes how similar this pitch is to one he saw on Shark Tank US, but Dr. Bajaj tells his tale and the inspiration behind it in a different manner.
The Sharks are unable to consider his business venture because his medical practice is still active at the moment. Additionally, Anupam believes that his valuation is excessive, therefore ‘Febris’ is sadly not given a sale.
So sadly, no deal.
Conclusion
This episode stands out as one of the strongest ones so far this season, with greater social concerns and even better presentations raising the bar for entrepreneurship in the country.
We would not have thought of a physicians for doctors by doctors notion in this way. The Corona era has greatly increased our awareness of health and medicine. The medical scrub online shop that this company offered to create a pleasant doctor’s lifestyle in such a circumstance may have given many people pause.
What do you guys think about Febris? Let us know in the comments below.
Where to Find Febris
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