INSUBCONTINENT EXCLUSIVE:
In the latest episode of Shark Tank India 2, Amit Jain, Anupam Mittal, Namita Thapar, Peyush Bansal and Aman Gupta received some interesting
pitches but one of them entertained them quite a lot.Amit Hotchandani introduced his brand of devotional incense sticks and night agarbattis
such as romance, classic love, extreme fun and others
His ask was Rs 1 crore for 10 percent equity
Anupam showed curiosity about what led him to start the brand and joked, "Aap kaafi tajurbe wale lagte hain
Aapne kaise socha ki mein aise type ki aggarbatti banaunga jisse room mein aag lag jaaye
Woh type ki aag aap samjh gaye na
Aisa kya hadsa hua jo aap ko iski zarurat lagi." Amit shared how the brand came into existence
He talked about his business, sales, margins etc
Aman cut him and said, "Hawa naak mein chadh rahi hai (It's smell is getting on to me)." Anupam asked Aman, "Aap ko kuch mehsoos ho raha
hai." Aman laughed and said no
Aman continued, "Aapne koi testing kari hai...Kaise pata laga ki power aa jati hai." Amit said it is tested, "Woh toh lagne ke baad mood
banta hai." He talked about the ingredients but all the sharks opted out due to different reasons
Next, Parul Sharma and Manu Sharma introduced their brand of India's first family protein brand
They shared they have delicious protiein cookies, dessert bites and breakfast mixes
Their ask was Rs 50 lakhs for 2 percent equity
Peyush told Parul packed items are not preferred by mothers
She replied that their products act as healthy substitute for biscuits and cookies
Sharks loved the taste of the products
Parul and Manu talked about the market size, sales, revenue, profit etc
Sharks were not happy to know their cash burn
Aman shared it was not clutter breaking packaging
Peyush opted out as he felt he was not the best partner in this category business
Aman and Namita offered Rs 50 lakhs for 10 percent
Anupam asked about their earlier evaluation and offered Rs 50 lakhs for 3.84 percent equity
Parul asked him if he could revise it
Anupam told them, "I never had the intention to offer because I don't like the taste." Amit offered Rs 50 lakhs for 3.5 percent equity
Aman told Parul they didn't know they had raised money earlier and revised their offer to Rs 50 lakhs for 4 percent equity
Anupam opted out of the deal
Parul requested Namita and Aman to join Amit's offer
Sharks accepted her request and offered Rs 50 lakhs for 3.5 percent equity.Arjun Raghunandan, Achintya Dayal and Deepesh Rajpal's brand
introduced their brand which is about pre-sorted doctor-prescribed medicine packs with consumption information which is aimed to reduce
It has 100 percent automated and quality-controlled packaging procedures with no extra charges on MRP
Their ask was Rs 1 crore for 1.5 percent equity
They give app demo and share how their brand was born
They explained their business and how their technology works
They were offered a 5 shark deal which they were told by Namita was a rare thing
The three co-founders talked about the packaging price
Anupam said online pharmacies give discount but if they don't give it, then it would be a problem
Anupam asked them more questions about growth, sales etc
The co-founders shared they have received a termsheet from India's largest e-commerce
They wanted B2C expertise from sharks
Anupam offered Rs 1 crore for 2.22 percent equity
Peyush told Anupam to come with 4 of them and offered Rs 2 crore for 5 percent from all 5 sharks
Deepesh was not convinced and they asked for Rs 2 crore for 4 percent
Aman refused the counter offer
Aman and Namita told them their last 5 shark deal went off the charts
The co-founders took the offer.Subhabrata Ganguly and Soupal Dey introduced their brand wherein they use a single ingredient to prepare a
It's a cloud kitchen brand and serves delicacies under 4 different brands - SOS (snacks, omelettes, sandwiches), burrito raja, gusto pizza
It promises minimum wastage of food
They have a hub and spoke model
Subhabrata and Soupal asked for Rs 65 lakhs for 3 percent equity
The two founders shared where they hail from and their educational background
The two revealed they haven't yet left their job
One of them left a month ago
They shared how they started the business, their sales, margin, expenses etc
Aman asked when they'd leave their jobs
He opted out as he felt they were not all in
Peyush did the same and cited lack of expertise
Amit asked their vision in terms of revenue
Namita felt food is a cluttered market and she didn't find their products exceptional
Anupam countered the co-founders' vision, explained them how they could pull customers and opted out
Amit asked them to invest their time in it and said he is out as he could not see objectivity in their plan.Read AlsoShark Tank India 2:
Anupam Mittal slams health brand for 'cheating' customers, says, 'Jo aap kar rahe ho main isko paap manta hun'
