Some very creative ideas were presented on Shark Tank India Season 2. Anupam Mittal became a company co-founder and received a 25% stake in the business. At the same time, Anupam criticized the wheelchair company’s proprietors as “money-obsessed,” whereas Peyush Bansal invested in them.
One of the pitches concerned a petticoat company, which had the Sharks in fits of laughter. Entrepreneurs from various walks of life present their products or services to a panel of high-profile investors known as “Sharks” in Shark Tank India 2, which premiered on January 2.
Some Sharks are Amit Jain, Peyush Bansal, Namita Thapar, Aman Gupta, Vineeta Singh, and Anupam Mittal. The episode featured four presentations.
Episode 2 Highlights From January 25:
Manik Sehgal opened the broadcast with a pitch for his company that coordinates the activities of street food sellers. He takes care of suppliers’ licensing needs, delivers groceries to their homes, and manages marketing, branding, and production. His product only half convinced the Sharks since they thought it would fail soon.
Only Amit and Aman initially decided to go, but Namita eventually joined them. Anupam made a deal, but it required him to find a technical co-founder. He made Manik the fourth co-founder of his business, offering him Rs 50 lakh for 25% equity.
In the second presentation, Siddharth Daga, Swostik Dash, and Ashish Sharma, the creators of a wheelchair that can be pushed around, sold their invention. The product’s uniqueness and innovation won over the panel of experts, and you can watch all episodes at JIo Cinema USA.
Their requested investment was 1 CRO for 1% ownership. As soon as they saw the price tag, the Sharks were not impressed. The startup’s creators admitted they could go as low as Rs 80k but not below.
Anupam’s Response To Entrepreneur
Anupam’s response was: “If you want to make your dil look good, you should ask your aavishkar how they plan on spending the 25,000 rupees they have at their disposal. If you can’t get something done for 25,000 rupees, you’re not in business and shouldn’t expect the Bharat Ratna.”
For 4% equity and 50 p.c. Loan, Anupam, and Namita gave them 50 zlotys (50 million). Peyush proposed a deal in which he would invest Rs 1 crore for 5% stock in exchange for 5% of revenues till he recouped his initial investment. After much debate, Anupam eventually decided to leave the company since he felt its founders were solely motivated by financial gain. Peyush was the lucky one who landed the deal.
Parimal Kalikar and Dhivya Subburaj pitched their popsicle company on day three. They wanted INR 50,000,000 for 5% ownership. The Sharks thought the price of their popsicles was outrageous.
The company’s owners hoped to secure Peyush’s financial backing, but he declined, citing his existing investment in a competing popsicle company. Both Namita and Aman decided to skip it for various personal reasons.
Company’s Creator Deal
Even though Amit initially intended to forego participation, Parimal convinced him to stay. While he has little interest in their product, he nevertheless plans to back them financially. He proposed a debt of Rs 25 lakh and an equity investment of 5% for Rs 25 lakh.
Sahil Shaha, the company’s creator, has closed the day’s business by selling his petticoat line. The Sharks laughed at his hilarious pitch. His requested investment was Rs 1 crore, or 10% ownership. The sum he was demanding took the Sharks by surprise.
Sahil revealed that he has filed for a patent on his innovative petticoat. Aman cautioned Sahil against turning the situation commercial. In the end, no Sharks wanted to be a part of it.
