Shark Tank India 2 13th January 2023 Written Update, Pitches, Investor Names
Shark Tank India 2 13th January 2023 Written Update: SharkTank India 2023
Today's Shark Tank India 2 13th January 2023 episode starts with the first brand introducing themselves to the Sharks named "Zillionaire Jewellery".
Zillionaire Jewellery Shark Tank Pitch
The Sharks get impressed when the co-founders, Raghav Goyal and Aaditya Fatehpuriya reveal their ages to be 18 years old and 19 years old. '
Zillionaire Jewellery sells hip-hop-related jewelry pieces made of diamonds and has made a few known Bollywood stars like Jhanvi Kapoor, Ranveer Singh, etc. to be their customers.
Their average selling price is 14, 000 rupees, however, Namita Thapar finds it a bit costlier.
Zillionaire Jewellery's last month sales were 13 lakhs and this year's projected revenue is 2 crores.
However, Namita starts a fight with Anupam Mittal when he enquires the guys' about their wealthy background and questions their hunger for the business.
Zillionaire Jewellery demands 50 lakhs for 3.5% equity.
No matter the fight, Anupam is the one who offers them the first of 1 crore at 10% equity with a valuation of 10 crores.
Later, Peyush Bansal, Vineeta Singh, and Aman Gupta offer them a deal together of 50 lakhs at 10% equity with a valuation of 5 crores.
However, the Zillionaire boys go with Anupam, shocking Namita and leaving Vineeta frustrated since she wanted to work with them.
How does Credmate work?
The next brand to come on the stage is Credmate started by Gaurav Kundra and Gaurav Sharma.
Credmate pitches its business model funnily by using the meme-worthy image of Peyush and Namita.
They talk about their brand as a system of lending and borrowing money.
They ask for 50 lakhs at 5% equity with a valuation of 10 crores.
However, the Sharks doubt their credibility since RBI rules over every transaction and the people who deal with cash will not use an online system.
Peyush is the first one to back off, followed by Aman and Namita who tells Credmate that they are not clear about their vision. All the Sharks ask them to rethink their business.
Free Bowler Pitch
The next brand to come on the stage is Free Bowler which sells manual and battery-operated bowling technologies that can help cricket practice for their matches.
Their average selling price of the equipment is 20,000 rupees and goes up to 40,000 rupees.
Freebowler demands for 75 lakhs at 7.5% equity with a valuation of 10 crores.
However, when Peyush asks about their last month's sales, it only rounds up to 1 lakh.
From this, the Sharks get confused as they feel their technology is still in the rudimentary stage and their business acumen is weak.
However, Namita Thapar offers them a deal for 50 lakhs at 15% equity and 25 lakhs at a 10% interest rate with a valuation of 3.3 crores.
However, Freebowler makes a counteroffer of 25 lakhs at 7.5% equity and 50 lakhs @10% interest rate and Namita seals the deal.
End of today's 13th January 2023 Shark Tank India Episode.
To download Shark Tank India Season 2 all episodes or watch today full episode (13 January 2023) online, go to sonyliv.com