Carragreen Net Worth 2025: From Shark Tank Spotlight to Sustainable Success

In 2025, Carragreen, the eco-friendly packaging startup founded by the mother-in-law and daughter-in-law duo, Chetna and Surabhi Shah, continues to thrive. Their innovative product, the Carrabox—a biodegradable food packaging box that transforms into a plate and spoon—has positioned them as leaders in sustainable solutions.

Their journey began on Shark Tank India Season 1, Episode 13, aired in January 2022, where they secured a deal that propelled their business forward. From local markets to partnering with major Indian brands, Carragreen has become a promising name in India’s growing green startup ecosystem.

What Happened on Shark Tank India

During their pitch on Shark Tank India, Carragreen sought ₹50 lakhs for 10% equity, valuing the company at ₹5 crore. After negotiations, they secured a deal of ₹50 lakhs for 20% equity from Anupam Mittal and Peyush Bansal.

We believe in Carragreen’s vision for sustainable packaging and are excited to be part of their journey.” – Anupam Mittal

The pitch stood out not only for its innovative product but also for the refreshing energy between the co-founders—Surabhi and her mother-in-law Chetna—who charmed the Sharks with their mission and synergy.

The deal was finalized post-show, giving Carragreen the funding and guidance needed to move from a small-scale operation to a scalable, sustainable business.

What Changed After the Show?

Following their Shark Tank appearance, Carragreen experienced a noticeable surge in interest. They expanded their product line to include biodegradable stationery and packaging solutions made from agricultural waste—like seed pencils, kraft pens, notebooks, and calendars.

Their client base grew rapidly to include major names such as Haldiram’s and Balaji Foods. They also received institutional support from IIM Bangalore and IIM Indore, while winning awards from the Samriddh Madhya Pradesh Forum.

The exposure from Shark Tank India opened doors to new partnerships and accelerated our growth.” – Surabhi Shah

There were no major reports of production setbacks or website crashes. Instead, the company focused on building slow and steady B2B momentum rather than a fast-paced consumer sell-out.

Carragreen Net Worth 2025

As of 2025, Carragreen’s estimated net worth is approximately ₹2.5 crore. While this figure is slightly lower than their original valuation, the business remains profitable with consistent B2B orders and expanding product lines.

Carragreen’s growth has been driven by volume-based production and brand partnerships, not viral consumer hype—making it a rare slow-burn success from Shark Tank India.

Carragreen is proof that meaningful businesses don’t always explode overnight. They grow with purpose.” – Peyush Bansal

How Much Has Anupam Mittal Gained from Carragreen?

While there is no public disclosure of investor returns, Anupam Mittal remains actively involved. His portfolio includes multiple green and sustainable businesses on Shark Tank India:

• Bamboo India – A Pune-based brand replacing plastic toothbrushes with bamboo ones. Highly successful in the eco product niche.
• Tweek Labs – A motion analysis startup focused on sports biomechanics, highlighting Mittal’s interest in innovation.
• VivaLyf Innovations – A health-tech company aiming to simplify at-home medical testing with AI-driven kits.

Mittal’s strategic mindset likely helped Carragreen connect with logistics and packaging clients, while Peyush Bansal’s product scaling experience added operational strength.

Growth, Setbacks, and the Founders’ Role in 2025

Carragreen’s growth has been grounded and purpose-driven. Major B2B partnerships, product diversification, and institutional backing marked their milestones.

Early-stage setbacks included scaling production and securing reliable supply chains. However, no major controversies or financial hurdles have surfaced publicly.

Both founders—Surabhi and Chetna Shah, are still at the helm. They’ve become sustainability advocates, often participating in startup forums, college workshops, and eco-innovation expos.

Where is Carragreen Heading in the Future?

In 2025 and beyond, Carragreen aims to introduce its eco-products into international markets through licensing or strategic partnerships. They’re currently testing new SKUs tailored for export: minimalist seed boxes, collapsible food trays, and custom biodegradable wraps.

The brand is also eyeing a franchise model to enable local entrepreneurs to replicate their eco-packaging units regionally across India.

Additionally, Surabhi Shah has hinted at launching a youth-led environmental campaign focused on green entrepreneurship in Tier 2 cities.

Also read: 8 “Shark Tank” Products Worth Your Money