Shark Tank India 4: Anupam, Aman, Peyush and Kunal fight to strike a deal with the solar app pitchers; here's who sealed it
On the February 21 episode of Shark Tank India 4 , the Sharks watched two young entrepreneurs pitch India's first one-stop solar app . Solnce provides its consumers with all they need to understand solar requirements, compare products and prices, and install them. They want Rs 1 crore in exchange for 1% equity. While the Sharks first expressed scepticism and concern about the company, the pitch concluded with the Sharks competing for the agreement.
The two engineering students discussed their backgrounds and how they came up with the idea. They began in 2019, and when Aman Gupta enquired about their app, they explained how it operates. Anupam Mittal then enquired, "Where do you fit—as a consumer or a company?" "Consumer or distributor?"
Sharks Vineeta Singh, Peyush Bansal, and Aman Gupta questioned why people should trust them over large brands such as Tata and Adani, among others. Mittal also mentioned that they might be causing a channel conflict and asked for additional information.
The Sharks were thrilled with the sales and other metrics. They also agreed that the industry has enormous untapped potential. Vineeta Singh advised them to reconsider their tactics and pull out.
Kunal Bahl was the first to offer a deal: Rs 2 crores for 10% equity. The pitchers claimed that they wished to hear other Sharks' offers. Anupam Mittal indicated a wish to help the company grow and offered Rs 1 crore in exchange for 3% stock and a 1% royalty till the Rs 1 crore was recouped.
Peyush Bansal had issues, which the pitchers addressed. He then bid Rs 1 crore for 5% equity. Aman Gupta informed the pitchers that he didn't think they should be offering royalty or giving up too much equity in the company. "I will give you a simple offer—Rs 1 crore for 3% equity," according to Gupta.
The pitchers asked him to negotiate the equity, and Anupam Mittal instantly said he was willing to cut his stake. Meanwhile, Aman continued to speak: "Who is Aman sir?" I am. Here."
Kunal Bahl encouraged them to select a Shark who would keep skin in the game for the company's expansion. Aman agreed and raised his offer to Rs 1 crore for 2.5% stock, which the pitchers approved.
The two engineering students discussed their backgrounds and how they came up with the idea. They began in 2019, and when Aman Gupta enquired about their app, they explained how it operates. Anupam Mittal then enquired, "Where do you fit—as a consumer or a company?" "Consumer or distributor?"
Sharks Vineeta Singh, Peyush Bansal, and Aman Gupta questioned why people should trust them over large brands such as Tata and Adani, among others. Mittal also mentioned that they might be causing a channel conflict and asked for additional information.
Kunal Bahl was the first to offer a deal: Rs 2 crores for 10% equity. The pitchers claimed that they wished to hear other Sharks' offers. Anupam Mittal indicated a wish to help the company grow and offered Rs 1 crore in exchange for 3% stock and a 1% royalty till the Rs 1 crore was recouped.
Peyush Bansal had issues, which the pitchers addressed. He then bid Rs 1 crore for 5% equity. Aman Gupta informed the pitchers that he didn't think they should be offering royalty or giving up too much equity in the company. "I will give you a simple offer—Rs 1 crore for 3% equity," according to Gupta.
The pitchers asked him to negotiate the equity, and Anupam Mittal instantly said he was willing to cut his stake. Meanwhile, Aman continued to speak: "Who is Aman sir?" I am. Here."
Kunal Bahl encouraged them to select a Shark who would keep skin in the game for the company's expansion. Aman agreed and raised his offer to Rs 1 crore for 2.5% stock, which the pitchers approved.
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