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Food & BeveragesSeason 1 · Episode 35Partially verified

Jain Shikanji

HBMB Foods Private Limited

Ghaziabad-based HBMB Foods, which sells ready lemonade (shikanji) and instant masala under the Jain Shikanji name, a brand with roots in a Modinagar family business from 1957.

FoundersAnubhav Jain

Pitch & term sheet

Shark Tank India Season 1 · Episode 35 · Aired 4 Feb 2022 · Pitch #115

DealClosing not reported

PitchedReady shikanji (lemonade) and instant masala

Anubhav Jain asked for 40 lakh rupees for 8% equity. Four sharks together offered 40 lakh for 30% in his company HBMB Foods, tied to settling family agreements over the brand, and he accepted.

Founders' ask

₹40 L

for 8% equity

Deal accepted on air

₹40 L

₹40 L for 30% + Equity offered in the subsidiary HBMB Foods rather than the parent brand; reportedly conditional on the family formalising agreements over the brand.

Implied valuation

₹1.33 Cr

Deal terms (ask implied ₹5 Cr)

Implied valuation is calculated by PitchBase Global as cash ÷ equity share and excludes debt. An offer accepted on television is subject to due diligence and may change or not close.

Sharks on the panel

Documented offers

  1. 1.Anupam Mittal, Aman Gupta, Vineeta Singh & Ashneer Grover

    ₹40 L for 30% + Equity offered in the subsidiary HBMB Foods rather than the parent brand; reportedly conditional on the family formalising agreements over the brand.

    Accepted on air

After the show

Closing not reported

Fulminofan says products sold out after the broadcast; no source says whether the investment closed. Left as unknown.

Partially verifiedLast checked 20 Oct 2026

Company timeline

  1. 2017

    HBMB Foods founded

    HBMB Foods is the company that pitched; the Jain Shikanji family business dates to 1957 in Modinagar.

Founders & leadership

  • Anubhav Jain

    Co-founder & CEO, HBMB Foods

    Co-founder and CEO of HBMB Foods, the company behind the Jain Shikanji venture that pitched on the show.

Sources

  1. 1.
    Jain Shikanji Shark Tank India Update (Season 1)

    Shark Tank Talks · Accessed 20 Oct 2026Recap blog / aggregator

  2. 2.
    Jain Shikanji on Shark Tank India (5paisa Finschool)

    5paisa Finschool · Accessed 20 Oct 2026Recap blog / aggregator

  3. 3.
    Jain Shikanji - Anubhav Jain Continues the Old Legacy

    5paisa Finschool · Accessed 20 Oct 2026Recap blog / aggregator

  4. 4.
    Jain Shikanji (Anubhav Jain) on Shark Tank India Update

    Fulminofan · Published 9 Feb 2022 · Accessed 20 Oct 2026Recap blog / aggregator

  5. 5.
    Shark Tank India Companies Season 1: The Complete List

    Springzo · Accessed 20 Oct 2026Community or derivative listing

  6. 6.
    Aman Gupta's Investment Portfolio

    StartupTalky · Accessed 20 Oct 2026Recap blog / aggregator

  7. 7.
    List of Anupam Mittal Investments: Companies Funded by Shark Tank India's 'Gyan Nath Ji'

    StartupTalky · Published 15 Sept 2025 · Accessed 20 Oct 2026Recap blog / aggregator

  8. 8.
    Vineeta Singh Funded Startups

    StartupTalky · Accessed 20 Oct 2026Recap blog / aggregator

  9. 9.
    Shark Tank India season 1

    Wikipedia · Accessed 20 Oct 2026Encyclopedia (lead only)

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