India

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 medical clutter.

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.

Peyush agreed with it.

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 variety of dishes.

It's a cloud kitchen brand and serves delicacies under 4 different brands - SOS (snacks, omelettes, sandwiches), burrito raja, gusto pizza and fry raja.

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.

Sharks tasted the food.

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'





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