Shark Tank India’s latest episode noticed an entrepreneur from Himachal Pradesh who runs a web based platform promoting sarees seeking an investment from the ‘sharks’ on the present. Ankush, who got here in for his pitch sporting a saree himself, was in search of an funding of Rs 2 crore for 4% of his firm, valued at Rs 50 crore.
As Ankush tried to clarify his enterprise, the ‘sharks’ had been fairly impressed by his gross sales abilities. Additionally they appreciated Ankush sporting a saree from his personal enterprise on the present. Throughout his pitch, Ankush additionally shared that he utilized for Shark Tank India’s season 2 however was rejected. He mentioned that on-line saree platform referred to as Deeva has a particular relationship with the saree producers and even claimed that regardless of the shortage of any signed settlement, they’d by no means promote their merchandise to anybody else.
Ritesh Agarwal was so moved by Ankush’s pitch that he mentioned, “Aapne dil jeet liya” as Aman Gupta joined in and mentioned, “Yaar tu banda boht sahi hai.” Vineeta Singh referred to as him an “unbelievable” founder however after praising him, she obtained out of the deal. Peyush held a contrarian level a view right here and felt that the enterprise, in addition to the founder, appeared “too good to be true.” He added that his “intestine doesn’t permit” him to speculate in the mean time and eliminated himself from the race.
Aman made a proposal but in addition talked about that he was solely doing so as a result of he didn’t need to see Ankush stroll away empty handed. He made a proposal of Rs 20 lakh for five% of the corporate, with debt of Rs 1.8 crore. Ritesh and Radhika additionally joined in and so they collectively elevated the quantity to be invested. The deal was finally locked at Rs 75 lakh funding for six% of the enterprise with debt of Rs 1.25 crore.
The ‘sharks’ spoke questioned if they need to negotiate additional however Aman gave in and simply mentioned, “Kar lete hain yaar.” They usually locked the deal.
