Shark Tank India Season 2:
The four Sharks on the latest episode of Shark Tank India were left in such awe of the three young entrepreneurs from the Vellore Institute of Technology that they ended up involved in a bidding war to fund them.
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Oshi Kumari, Arth Chowdhary, and Devyant Bhardwaj presented their idea of a drone business, which is aimed at making drones more accessible to customers and introducing them in shopping malls. They also noted that all drones currently used in India are imported from foreign countries.
Source: Google
Oshi, Arth, and Devyant shared that they launched their business Team InsideFPV with an initial investment of Rs 5,000 and now they hoped that the Sharks would invest Rs 75 lakh for a 4 percent stake in the company. While their business plan was appealing to the Sharks, Anupam Mittal declined to invest as he thought it was a business that could not be scaled quickly as other firms would soon start producing the same. But, Peyush Bansal and Aman Gupta combined to provide them the amount in exchange for 20 percent equity. Afterwards, Namita Thapar and Amit Jain also proposed a joint offer and asked for 15 percent equity with an investment of Rs 75 lakh.
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Shark Tank India Season 2 is creating a buzz on social media with its impressive pitches and judges.
The show is in its third week and is being judged by Anupam Mittal (Founder and CEO of Shaadi.com – 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 & CEO of Lenskart.com), and Amit Jain CEO and Co-founder (CarDekho Group, InsuranceDekho.com).
Source: Google
Young entrepreneurs have been investing their enthusiasm and spirit in the show, as well as taking advantage of the opportunity to gain organic business via their website, without engaging in B2B campaigning. Catch all the action from Shark Tank India Season 2 on Sony TV from Mon-Fri at 10 pm. Stay tuned for more updates!