On Tuesday’s Shark Tank India episode, Namita Thapar, Executive Director of Emcure Pharmaceuticals, declared, “There is nothing that women cannot do in this country.” This came after she gave Iaishah Rymbai of Ri-Bhoi, Meghalaya, a cheque for Rs 20 lakh as opposed to 12% equity, and her daughter, Eri Weave, to introduce her business. BIaishah, a school teacher and handloom weaver, founded Eri Weave in 2019.
The idea took root in 2018 when a scarf order was delayed because of yarn scarcity. This challenge led her to explore local spinning and weaving techniques. Her efforts were later recognized at the National Handloom Day 2022 at Umden Diwon Eri Silk Village. Today, Eri Weave supports around 100 women and has impacted several families in the community.
Eri Weave produces Eri Silk, a fabric known for its thermoregulatory properties and comfortable feel. The production process is labour intensive, and the quality of the scarves caught the attention of the judges on the show. Rymbai presented her pitch in English and spoke about how the venture is a fruit of her passion and not only preserves traditional craftsmanship but also gives local women an opportunity to earn in their leisure time. During her pitch, Iaishah asked for an investment of Rs 20 lakh in return for 12 per cent equity in her business. After she received what she had asked for, she was moved to tears.
