Season 2Pitched on show
by PadCare Labs
PadCare sanitary pad recycling service
Smart collection bins and recycling of used sanitary pads for workplaces, residential societies and community programmes.
Price not verified
Availability unknown
PadCare Labs
Sanitary pad recycling at scale
Pune clean-tech company that collects used sanitary pads through smart bins and recycles them, serving workplaces, residences and communities.
FoundersAjinkya Dhariya
Pitch & term sheet
Shark Tank India Season 2 · Episode 23 · Aired 1 Feb 2023 · Pitch #69
DealClosing not reported
PitchedSanitary pad recycling system
The founder pitched a system that collects and recycles used sanitary pads. Peyush Bansal offered a blank cheque and several sharks bid; the founder settled on one deal with four sharks.
Founders' ask
₹50 L
for 2% equity
Deal accepted on air
₹1 Cr
₹1 Cr for 4% + Founder's counter accepted by four sharks together.
Implied valuation
₹25 Cr
Deal terms (ask implied ₹25 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
- Revised
₹1 Cr for 4% + Later extended to a 'blank cheque' at a valuation of the founder's choosing.
- Revised
₹1 Cr + Equity reported as 1% by India.com and as matching Peyush's 4% by Leisure Byte.
- Revised
3.Namita Thapar & Vineeta Singh
₹25 L for 1% + ₹25 L debt at 0%
- Accepted on air
4.Peyush Bansal, Anupam Mittal, Namita Thapar & Vineeta Singh
₹1 Cr for 4% + Founder's counter accepted by four sharks together.
After the show
Closing not reported
We have not found a reliable published report on whether this investment closed after filming.
VerifiedLast checked 21 Oct 2026
Products & where to buy
Company timeline
2018
Company founded
1 Feb 2023
Pitched on Shark Tank India Season 2
Appeared in Season 2, episode 23.
9 Feb 2023
Rs 5 crore seed round led by Social Alpha
Lavni Ventures, 3i Partners, Rainmatter and Spectrum Impact also invested.
Founders & leadership
Ajinkya Dhariya
Founder
Founded PadCare Labs to tackle menstrual waste by recycling used sanitary pads.
Sources
- 1.Shark Tank India Season 2 Episode 23 Recap and Review: Changing the World Starts at Home
Leisure Byte · Published 2 Feb 2023 · Accessed 21 Oct 2026Recap blog / aggregator
- 2.PadCare Labs official website
PadCare Labs · Accessed 21 Oct 2026
- 3.Shark Tank India Season 2: Peyush Bansal Offers Blank Cheque to Pitcher With Sanitary Pad Disposal Machine, Shocks Others
India.com · Published 2 Feb 2023 · Accessed 21 Oct 2026
- 4.Shark Tank India: Ajinkya Dhariya's Persistence Transforms Sanitary Waste Management
News Karnataka · Published 24 Mar 2025 · Accessed 21 Oct 2026
- 5.Clean tech startup PadCare Labs raises seed funding
Entrackr · Published 9 Feb 2023 · Accessed 21 Oct 2026
- 6.10 Best Business Ideas from Shark Tank India
Shiprocket · Published 19 Jan 2024 · Accessed 21 Oct 2026Recap blog / aggregator
- 7.Shark Tank India season 2
Wikipedia · Accessed 21 Oct 2026Encyclopedia (lead only)
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