Adapted from America’s famous business reality show of the same name, Shark Tank India is here with its Desi version, giving lifetime opportunities to budding entrepreneurs across India. The show aired its first episode on December 20, 2021, on Sony TV.
Shark Tank India includes 7 top under 40 entrepreneurs of India, called as ‘Sharks’. The show provides a platform for rising entrepreneurs across India to present their innovative ideas in front of the sharks to raise funds for their startups.
Let’s recap the eighth episode of this season. In today’s episode, the Sharks were,
- Ashneer Grover (MD and Co-Founder of Bharat)
- Anupam Mittal (Founder & CEO of People Group)
- NamitaThapar (Executive Director at Emcure Pharma)
- Peyush Bansal (Founder & CEO of Lenskart.com)
- Aman Gupta (Co-Founder & CMO of boAt)
Shark Tank India Episode: All the Business Ideas
1) Beyond Snack
Beyond Snack is a Kerala banana chips company founded by Manash Madhu. The company makes hygienic and healthy Kerala Banana chips in 4 different flavors and has sold 140 tons metric tons of chips in 1.5 years.
Their Ask: 50 lakhs for 2.5% equity.
Company valuation: 20 crores.
Initial investment: 70 lakhs
Monthly sale: 20.6 lakhs
Shark’s offers to Beyond Snack
Anupam offered 50 lakh for 20% equity. Then Peyush stepped in on the offer, offering his partnership with Anupam. However, after Manash told them that he had raised a total of 1.4 crore funds before, Anupam and Peyush offered a second deal of 10% equity for 50 lakhs. But suddenly, Aman and Ashneer offered Manash’s original ask of 50 lakhs for 2.5% equity, and NamitaThapar stepped out of the deal.
Final deal: Finally, Manash took Aman and Ashneer’s offer of 50 lakhs for 2.5% equity.
2) Company: Vivalyf Innovations
Vivalyf Innovations, founded by Duvvuru Varshita and Vimal Kumar. Their product, Easy Life, is a non-invasive, no blood, no pain, device for checking your glucose levels with 90% accuracy.
Their Ask: 56 lakh for 7.5% equity
Company valuation: 7.47 crores.
Shark’s offers to Vivalyf Innovations
Namita stepped out of the deal but instead offered to help in terms of grants, getting expertise, and tire up with more hospitals for trials. Aman and Ansheer also stepped out of the deal. Then Peyush offered 56 lakhs for 33.33% equity. Anupam stepped in and offered a partnership with Peyush. However, Duvvuru and Vimal proposed a counteroffer of 36 lakh for 15% equity and 20 lakhs debt for 3 years.
Final deal: They seal the deal by going with Peyush and Anupam’s offer of 56 lakhs for 33.33% equity.
3) Motion Breeze
Motion Breeze is an electric vehicle company founded by Kartikeya, Anantraj, Shivrajsinh, and their investor and mentor, Deepenbhai.
Their Ask: 30 lakhs for 3% equity
Company valuation: 10 crores.
Initial investment: 30-35 lakhs for 27% equity.
Shark’s offer to Motion Breeze
Namita, Aman, Anupam, and also Peyush stepped out of the deal. Meanwhile, Ashneer offered 30 lakhs for 6% equity.
Final Deal: They finally went with Ashneer’s offer of 30 lakhs for 6% equity.