Review of Shark Tank India Season 3 Episode 51: Shark Tank India is a Hindi-language business reality TV series aired on Sony Entertainment Television. With its third season, the show continues to enjoy popularity among Indian audiences. The premise of the show involves aspiring entrepreneurs presenting their business ideas to a panel of esteemed investors known as the ‘sharks’. Based on these pitches, the sharks decide whether to invest in the showcased ventures.
In Shark Tank India Season 3, the judging panel comprises Deepinder Goyal, Founder and CEO of Zomato; Azhar Iqubal, Co-founder & CEO of Inshorts; Ritesh Agarwal, Founder & CEO of OYO Rooms; Radhika Gupta, MD & CEO of Edelweiss MF; Varun Dua, Founder of ACKO; Amit Jain, Co-Founder & CEO of CarDekho Group; Ronnie Screwvala, Co-Founder and Chairperson of UpGrad; Aman Gupta, CEO and Founder of boAt; Namita Thapar, Executive Director – India Business at Emcure Pharmaceuticals; Peyush Bansal, Co-Founder & CEO of Lenskart; Vineeta Singh, Co-founder & CEO of SUGAR Cosmetics; and Anupam Mittal, Founder & CEO of People Group (which includes Shaadi.com).
Pitch 1 :- Caspian
This innovative household cleaning device aims to replace the traditional cleaning rag with a more environmentally friendly alternative that is also durable. It features a microfiber cloth that remains consistently wet, allowing users to cover a larger area with minimal water usage, thereby reducing cleaning time by half. The founders seek an investment of Rs 15 Lakhs for a 1% equity stake in the company.
During the demonstration with Anupam’s assistance, the Sharks are impressed by the product’s simplicity and effectiveness. However, detailed discussions about the product’s functionality and effectiveness spark a heated debate between the founders and the Sharks. Ultimately, most of the Sharks view the product as unnecessary and poorly conceived, leading them all to decline investing in the product.
Pitch 2 :- Lea Clothing Co.
This clothing brand takes pride in its meticulous tailoring, emphasis on comfort, and commitment to quality, catering to diverse body types. They highlight their unique sizing chart tailored specifically for Indian bodies, along with sister brands focusing on Eastern wear and swimwear. Seeking Rs 1 Crore for a 2% equity stake, the founders elaborate on their background, the brand’s inception, and its distinctive features.
Impressed by the brand’s impressive sales figures and innovative strategies to meet market demands, Anupam, Vineeta, Namita, and Azhar come together to offer a deal. Eventually, the founders agree to a proposal of Rs 1 Crore for a 4% equity stake, along with a 2% royalty until Rs 1.5 Crores is recouped.
Pitch 3 :- $Krishnarama
The next entrepreneurs to enter the Tank are a duo of filmmakers/producers seeking investment in their latest Telugu film, “Krishnarama”. They propose Rs 2 Crore for a 30% equity stake in the project. The Sharks delve into the viewership and revenue generated by the first film, “#Krishnarama”.
However, the Sharks challenge the creators’ assumption that home viewers will transition to theaters to watch the movie. They delve into the performance of their previous films, both successes and failures. Despite the discussion, the Sharks remain unconvinced by the projected numbers, leading them all to decline the investment opportunity.
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Also Read:-SharkTankIndia Season3 Episode50 (Entrepreneurs Present Unique Ventures) 2024
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