Overview
- Awayddings accepted Gupta’s offer of Rs 1 crore for 10% equity plus Rs 1 crore debt at 10% interest for two years, signed on-air.
- All other sharks declined to invest, citing seasonality, heavy operations, and complexity that hinder efficient scaling across cities.
- The startup positions itself as an affordable destination-wedding planner with three-day packages for roughly 80 guests in premium locations priced near Rs 10–15 lakh.
- Founders reported Rs 1.95 crore revenue in 2024–25 with 10–12% EBITDA, Rs 1.17 crore year-to-date in 2025–26, and a projection of Rs 3.6 crore tied to about 70 weddings this fiscal.
- Earlier funding included Rs 1.23 crore from Kesari Tours for 50% equity that was later restructured to a 75–25 split, drawing governance and dilution questions during the pitch.