Shark Tank India Season 2 has officially returned for its much-awaited season 2, and the fourth episode aired on the 5th Jan 2023.
Although there are a few changes in the faces, such as Rannvijay Singha has been replaced by Rahul Dua and Ashneer Grover Ex MD of Bharat Pe, who was in Shark Tank Season 1, being replaced by Amit Jain, who is the Co-Founder & CEO of CarDekho Group and InsuranceDekho.com.
The new season features the rest of the 5 judges as before:
- Anupam Mittal, CEO of Shaadi.com and People Group.
- Aman Gupta, Co-Founder and CMO of boAt.
- Namita Thapar, Executive Director of Emcure Pharmaceuticals
- Vineeta Singh, Co-Founder and CEO of SUGAR Cosmetics.
- Peyush Bansal, Founder and CEO of Lenskart.com
In the fourth episode of Shark Tank Season 2, we have seen a total of 3 pitches and here are the offers given by the Sharks on those.
Gear Head Motors
The first pitch of the fourth episode starts with the owners of Gear Head Motors V Sai Meher Krishna and Gunda Nikhil; the company creates electric bicycles for regular customers and tri-cycle for specially-abled people.
The prices of electric bicycles start at as low as 24,000 RS, where the market value for the same is close to 1-2 lakhs; the founders wanted 75 lakhs for 2% equity, but based on the discussion with Anupam regarding the mismatch in the company valuation and the total sales (4 crores per annum and 50 lakhs last month), most of the sharks opt-out from investing.
But Peyush and Aman were interested in taking their bet on the founders.
Therefore, they invested 1 crore for 6.67% equity with the condition that the parent company and Gear Head Motors would be merged together as one entity.
The founders agreed upon that and closed the deal.
#WatchNow With #PatilKaki, Vinit Govinda Patil, Geeta Govinda Patil & Darshil Anil Savla, present a range of delicious Maharashtrian faral for all your cravings! Which Shark will be interested in this tasty pitch?
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The next pitch was given by Vinit Patil, Geeta Patil and Darshil Anil.
The company generally creates Maharashtran snacks and delicacies and is looking to spread across India.
The founders were both college dropouts and used to do freelancing before founding PatilKaki.
Their goal is to spread the brand of PatilKaki across India; to do that, they needed to raise 40 lakhs for 2.5% of the company.
As the company had great sales, 1.3 crores in 2021 and 3 crores in 2022, Peyush, Vinita, Aman and Anupam all gave offers to the founders:
- Vinita 40 lakhs for 10%
- Anupam and Peyush 40 lakhs for 4%
- Anupam 40 lakhs for 4% alone.
After much consideration and heated discussion between the Sharks, Vinit and Darshil chose the second offer of Anupam and Peyush.
Brandsdaddy AFE Auto Fire Extinguisher
#WatchNow #BrandsDaddy by Roshaan Vivekanand Mishra & Annkita Roshaan Mishra bring AFE, aka, Auto Fire Extinguisher Ball which can prevent fire-related accidents! Will the Sharks invest in this life-saving business?
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The founders of Brandsdaddy AFE Auto Fire Extinguisher Roshaan Vivekanand Mishra and Ankita Roshaan Mishra gave the next pitch.
The company operates in B2B and B2G segments, where they make tiny-sized fire extinguisher balls that can diminish fires and help people safely bypass the fire and go to safety.
The device is entirely made in India and has a shelf life of more than 5 years.
If any accidents occur due to fires, people can easily throw the AFE balls without engaging with fires to create a safe passage and move to safety.
They also had orders from government organizations, fire departments and insurance companies.
As these products cannot be made for the consumers because of the high price range and can be operated in B2B and B2G sectors, so based on their impressive B2G and B2B sales (12 lakhs per month), Namita Thapar offered them 35 lakhs for 5% equity, and 35 lakhs debt for 12% interest rate which the duo agreed upon and the deal was closed.