• Become a Contributor
  • About Us
Monday, January 30, 2023
No Result
View All Result
ReadersFusion
  • News
    Most Streamed Netflix Hits

    The Most Streamed Netflix Hits In India in 2022

    Karan Johar - Lenskart

    LensKart TVC Shows Karan Johar’s Obsession, He Wants to Be a Co-Founder

    ech Firms Announce Layoffs

    Top Tech Firms Announce Layoffs: Opinion from the Experts in India

    Indian Idol Season 13 Republic Day Episode

    Indian Idol Season 13: No Elimination for 4 Weeks and the Season now Enters into a PowerPlay – Know the Details

    Mission Majnu Review

    Mission Majnu Review: Siddharth Malhotra, Rashmika, and Sharib Deliver Staggering Performance

    The Mandalorian Season 3 Release Date

    The Mandalorian Season 3: The Journey into the Galaxy Continues – Know the Release Date and Cast

  • Entertainment
  • Technology
    • All
    • Apple
    • Nokia
    • OnePlus
    • Samsung
    ech Firms Announce Layoffs

    Top Tech Firms Announce Layoffs: Opinion from the Experts in India

    Top Online Online Games

    10 of the Top Online Games You Should Be Playing Right Now

    Apple iOS 16 WWDC 2022

    Apple Reveals when Users can use iOS 16 at WWDC 2022 – Check the List of Compatible iPhones

    Whatsapp Insta FB down globally

    WhatsApp, Instagram and Facebook are Down Worldwide – Know the Details

    Oreo TV APK Download

    Oreo TV APK – How to Download and Stream your Favorite Movies, Web Series for Free

    Top 10 Cloud Computing Companies

    Top 10 Best United States Cloud Computing Companies that can Boost your Profits

    Trending Tags

    • Interviews
    • Web Stories
    • News
      Most Streamed Netflix Hits

      The Most Streamed Netflix Hits In India in 2022

      Karan Johar - Lenskart

      LensKart TVC Shows Karan Johar’s Obsession, He Wants to Be a Co-Founder

      ech Firms Announce Layoffs

      Top Tech Firms Announce Layoffs: Opinion from the Experts in India

      Indian Idol Season 13 Republic Day Episode

      Indian Idol Season 13: No Elimination for 4 Weeks and the Season now Enters into a PowerPlay – Know the Details

      Mission Majnu Review

      Mission Majnu Review: Siddharth Malhotra, Rashmika, and Sharib Deliver Staggering Performance

      The Mandalorian Season 3 Release Date

      The Mandalorian Season 3: The Journey into the Galaxy Continues – Know the Release Date and Cast

    • Entertainment
    • Technology
      • All
      • Apple
      • Nokia
      • OnePlus
      • Samsung
      ech Firms Announce Layoffs

      Top Tech Firms Announce Layoffs: Opinion from the Experts in India

      Top Online Online Games

      10 of the Top Online Games You Should Be Playing Right Now

      Apple iOS 16 WWDC 2022

      Apple Reveals when Users can use iOS 16 at WWDC 2022 – Check the List of Compatible iPhones

      Whatsapp Insta FB down globally

      WhatsApp, Instagram and Facebook are Down Worldwide – Know the Details

      Oreo TV APK Download

      Oreo TV APK – How to Download and Stream your Favorite Movies, Web Series for Free

      Top 10 Cloud Computing Companies

      Top 10 Best United States Cloud Computing Companies that can Boost your Profits

      Trending Tags

      • Interviews
      • Web Stories
      No Result
      View All Result
      ReadersFusion
      No Result
      View All Result
      Home Entertainment

      Shark Tank India Season 2 Episode 2 Recap: “A Bigger Vision” – Checkout all the Entrepreneurs

      by Charu Kathpalia
      January 5, 2023
      in Entertainment, News, Sony TV
      Reading Time: 5 mins read
      73 4
      0
      Shark Tank India Season 2 Episode 2 Recap
      1.5k
      VIEWS
      Share on FacebookShare on Twitter

      With the tagline “Entrepreneur ki Leher Ek Baar Firse,” Shark Tank India has returned with its second season on Sony Entertainment Television and Sony LIV.

      RelatedPosts

      The Masked Singer Season 9 Contestants

      The Masked Singer Season 9: Know the Release Date, Contestants, Character and their Costume Details

      January 30, 2023
      Most Streamed Netflix Hits

      The Most Streamed Netflix Hits In India in 2022

      January 30, 2023
      Ant-Man and the Wasp- Quantumania

      Ant-Man and The Wasp: Quantumania is all Set for Release this February

      January 28, 2023
      Karan Johar - Lenskart

      LensKart TVC Shows Karan Johar’s Obsession, He Wants to Be a Co-Founder

      January 28, 2023

      Rahul Dua, a comedian, serves as host, and six judges, sometimes known as “sharks,” are present.

      • Vineeta Singh, Co-Founder-CEO of SUGAR Cosmetics
      • Peyush Bansal, Founder-CEO of Lenskart.com
      • Amit Jain, Co-Founder-CEO of CarDekho Group and InsuranceDekho.com
      • Anupam Mittal, Founder-CEO of Shaadi.com – People Group
      • Aman Gupta, Co-Founder-CMO of boAt
      • Namita Thapar, Executive Director of Emcure

      Also see: Episode 1 Recap

      Lets See the Pitches!

      Very Much Indian

      Today’s first pitching squad represents the Very Much Indian saree brand, an authentically made in India product. The most reputable brand of traditional sarees in India is what they aspire to achieve with their handmade saree brand in the future. The pair gives out genuine Paithani sarees and invites their 63-year-old weaver to show visitors how the handloom operates.

      Very Much Indian on Shark Tank India 2

      Their offer for the company is Rs. 50 lakh for 3% stock, and they provide data showing that in 2018, sales were recorded at Rs. 17 lakh, and that they increased to Rs. 1.5 crore in the cycle between 2021 and 2022. Namita Thapar makes the sole offer of Rs. 50 lakhs for 10% stock, which Aman Gupta joins, with the average ticket size being 10,000 and the gross margin being 35%. The pair’s latest demand for Rs. 75 lakh for 10% stake was challenged, but after a few exchanges, the pitchers decide to accept the sharks’ offer.

      Watchout Wearables

      The founder, Abhisek, joins Divyajeet, a young child, to introduce Watchout Wearables during the following pitch. Their next generation smart watch for kids has three key features: connectivity (video and audio calls), safety (GPS), and curiosity (inbuilt object scanner).

      • It is intelligent and safe, and it supports many other technical features that are tailored to a child’s needs.
      • It was created as an independent device that can be used without SIM cards.
      • For 5% equity, Abhisek requests Rs. 2 crores from them.

      After being questioned, he reveals that this technology is necessary for the safety of children because there was a fatal tragedy at home. Abhisek has a prototype ready for a similar watch that Anupam advises be made for elderly people.

      Watchout Wearables Shark Tank India Episode 2

      The watch costs Rs 10,000, which is quite expensive, which greatly worries the sharks. The inventor of Watchout Wearables estimates that the company would generate annual sales of Rs. 1.4 crore between 2021 and 2022, with a net margin of 25%, and sales of Rs. 30 lakhs are expected in September. Despite not having an experience in coding, Abhisek was determined to create the watch.

      Vineeta and Anupam’s offer of Rs. crore for 10% equity and Rs. 1 crore in debt with 15% interest is the only one that he accepts. As parents, they recognise the vision’s potential but also hold the ideas of repetition and limitation, as it only targets a particular demographic at a certain age. They make a non-negotiable offer because they see it to be a dangerous wager, and Abhisek reluctantly accepts it after much deliberation.

      SoupX

      Priyank and Uttam are the third and last pair of pitchers for the day. Through their business SoupX, they want to promote the idea of a healthy living in India, particularly in the wake of the pandemic’s emergence.

      • Their goal for the company is to establish itself as the leader in the market by creating the first customised soup-based meal to replace full-fledged meals.
      • Mission Statement: To promote wholesome food at reasonable prices.
      • Established in December 2021, today they offer 99 or more soup variations that are all free of any artificial ingredients, and their products are accessible both on demand and through subscription.

      They are asking for 6% equity and Rs. 75 lakhs. Offering both hot and cold soups, they have selected 14 bases for the chefs to utilise in the soups, each of which has a six-month shelf life. Their lunch includes “healthy” sides like garlic bread and other items, with the soup serving as the focal point. Anupam Mittal immediately criticizes this and challenges their “superficial” understanding of health-related issues.

      SoupX on Shark Tank India

      After sampling the soup, Vineeta inquires about its composition and nutritional worth but doesn’t get a satisfactory response. Anupam and I were very clear with him that they needed to understand the fundamentals in order to work in the health industry.

      The company’s sales for August were Rs. 8 lakhs, with a gross margin of about 45%, and monthly burning of Rs. 1-1.5 lakhs. When they also admit that they are working part-time and supporting the cause by moonlighting, Namita counsels them to have a more thorough grasp of what they are dealing with. While some sharks consider it a disadvantage, others admire their tenacity. In the end, Vineeta is convinced by their assurances of a better and more committed future, and she makes them an offer of Rs. 50 lakhs for 20% equity and Rs. 25 lakhs in debt at 12% interest, with the stipulation that they both begin working on the mission full-time.

      The team proposes a counter offer of Rs. 50 lakhs for 18% equity and Rs. 25 lakhs in debt with 12% interest. Vineeta completes the transaction by agreeing to it.

      Review of Episode 2 of Season 2 of Shark Tank India

      Anupam Mittal is today’s star, regardless of what anyone says. He not only deserves but also skillfully grabs the MVP award. Due to a competitor brand being rejected by the sharks on yesterday’s show, there was some anger. The same subdued undertone is seen in Aman Gupta’s response to the pitch in the second episode, when Watchout Wearables is featured. However, everyone continues to focus on Anupam Mittal and his mastery of knowledge in every discipline.

      Tags: Shark Tank India Season 2 Episode 2
      Charu Kathpalia

      Charu Kathpalia

      Charu is an author, contributor who loves to write about health topics, entertainment and public figures. She is an avid music lover.

      Leave a Reply Cancel reply

      Your email address will not be published. Required fields are marked *

      Recommended

      The Masked Singer Season 9 Contestants

      The Masked Singer Season 9: Know the Release Date, Contestants, Character and their Costume Details

      26 mins ago
      Most Streamed Netflix Hits

      The Most Streamed Netflix Hits In India in 2022

      5 hours ago
      Ant-Man and the Wasp- Quantumania

      Ant-Man and The Wasp: Quantumania is all Set for Release this February

      2 days ago
      Karan Johar - Lenskart

      LensKart TVC Shows Karan Johar’s Obsession, He Wants to Be a Co-Founder

      2 days ago

      Latest Posts

      • The Masked Singer Season 9: Know the Release Date, Contestants, Character and their Costume Details
      • The Most Streamed Netflix Hits In India in 2022
      • Ant-Man and The Wasp: Quantumania is all Set for Release this February
      • LensKart TVC Shows Karan Johar’s Obsession, He Wants to Be a Co-Founder
      • Maitree: A New Serial About Two Best Friends Whose Fates are Intertwined

      More from ReadersFusion

      • About Us
      • Become a Contributor
      • Contact
      • Disclaimer
      • Policy
      • Web Stories

      Follow Us

      Newsletter

      • About
      • Contact

      © 2023 Readers Fusion

      No Result
      View All Result
      • Home
      • World
      • Entertainment
      • Sports
      • Travel
      • Tech

      © 2023 Readers Fusion

      Welcome Back!

      Login to your account below

      Forgotten Password?

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In