Shark Tank India 2 – For the First Time, All Five Sharks Rejects Investing in Any of the 4 Pitches

For the First Time, All Five Sharks Rejects Investing in Any of the 4 Pitches

In a recent episode of Shark Tank India 2, all five sharks rejected investing in any of the four pitches they were presented, for the very first time in the show’s second season. While the show helps entrepreneurs raise investments in lakhs and crores, there are times when disappointed business owners have to leave the show empty handed, after judges deny investing in their ventures for myriad of reasons.

In a recent episode, Vijay Sharma and Tarun Bhargava pitched their affordable crafted beer brand, seeking Rs 1 crore for 0.75% equity with a valuation of Rs 133.33 crore. The Sharks declined to invest as they lacked expertise in the alcohol business.

Next up was an ice cube brand offering a range of options including cubed, artisan, crushed, and gourmet. They were seeking Rs 80 lakh for 15% equity with a valuation of Rs 5.33 crore. Despite differing opinions among the Sharks, none were convinced to invest as they failed to see a promising future for the product.

The third pitch sought investment in a vehicle booking platform, with an ask of Rs 75 lakhs for 1%. The sharks remained unimpressed and backed off from making any investment.

The final pitch was from Arvind Arora too found no investors for a kill-based startup with a valuation of Rs 20 crore.

The Facts of the Matter

Shark Tank India is a popular reality show that features entrepreneurs pitching their business ideas to a panel of investors, known as “sharks.” The show has had its mixed bag of pitches, with some receiving investments and some not. However, for the first time during the second season, there came an episode where not a single entrepreneur could raise money for their business.

Also Read: Shark Tank India 2 Judges Remain Unimpressed, Anupam Mittal Says “Main paap manta hu”, Aman Gupta Says “Ameero ke chochle”

Pitch 1 – Beer Brand Fizzles Out

First up was a premium-quality beer brand, presented by Delhi-based Vijay Sharma and Tarun Bhargava. Vijay Sharma and Tarun Bhargava traveled a long way to showcase their product: a premium, expertly crafted beer that doesn’t break the bank, making it a rare affordable premium beer brand.

Their vision? To establish a dominant force in the beer industry, both domestically and globally. Seeking a mere Rs 1 crore for a 0.75% equity stake, valuing their company at an impressive Rs 133.33 crore, the duo confidently approached the Sharks. However, despite their compelling pitch and inspiring journey, all five Sharks ultimately declined to invest, citing their lack of experience in the alcohol sector.

Also Read: Shark Tank India’s Anupam Mittal Calls Aman Gupta ‘Phekuchand’, Tells Pitcher “Inki Baaton Mein..”

Pitch 2 – Ice Cube Brand Fails to Face Under Heat

Making their way from Bangalore, the second entrepreneurs on deck bring along with them a fresh and hygienic take on ice cubes.

With a business that operates around the clock, the entrepreneurs explained their business of ice cubes, offering a range of options including cubed, artisan, crushed, and gourmet ice. With an ask of Rs 80 lakhs for a 15% equity stake, the entrepreneurs valued their company at an impressive Rs 5.33 crores, the duo presents their pitch with confidence.

Despite their best efforts, the Sharks ultimately decline to invest in the ice cube brand, citing a lack of potential for future growth and an inability to assist in their business journey.

Pitch 3 – AI Booking Platform Misses Out on Investment

The third set of entrepreneurs stepped forward and delivered a pitch, introducing their AI-based EV vehicle booking platform to the Sharks. Girish Nagpal and Kaaman Agarwal showcase their innovative idea, outlining their plans to revolutionize the electric vehicle industry.

The duo sought Rs 75 lakhs for 1% equity. They too were left empty handed, with the silver lining of Amit Jain expressing his interest in meeting with them later.

Also Read: Shark Tank India 2: Peyush Bansal Offers Pitchers of Healthy Snack More Than They Ask, Says “Aap bahut badhiya..”

Pitch 4 – Skill-Based Startup Crumbles in Confusion

As the day draws to a close, the final pitch is delivered by Arvind Arora, an enterprising entrepreneur hailing from Bangalore. Arvind shares a deeply personal motivation for his skill-based startup, recounting the heart-wrenching moment when one of his students attempted suicide. He sought Rs 40 lakhs for 2% equity.

Despite Arvind Arora’s explanation of his skill-based app and its revenue streams, the Sharks grow skeptical when he mentions his marketing efforts through a separate YouTube channel. The Sharks ultimately decide not to invest in the company, opting out one by one.

 

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