Shark Tank India 2 19th January 2023 Written Update, Today's Pitches, Deals
Shark Tank India 2 19th January 2023 Written Update: SharkTank India 2023
Today's Shark Tank India 2 19th January 2023 episode starts with the first brand named, insideFPV coming on the stage and giving their pitch.
Founded by Arth, Oshi, & Devyant, insideFPV (first person view) manufactures drones.
Their starting price is 2800 rupees. InsideFPV asks for 75 lacs at 4% equity with a valuation of 18.75 crores.
Namita Thapar asks them about their revenue and the founders reveal their last months' sales which was 13 lacs.
Anupam Mittal backs out, while Amit Jain asks them about the coding they have done in their drones.
Peyush Bansal and Aman Gupta come up with an offer of 50 lacs for 20% equity & 25 lacs in debt at 0% interest rate at a valuation of 2.5 crores.
Likewise, Amit Jain & Namita Thapar offers insideFPV, 75 lacs at 15% equity with a 5 crores valuation.
The founders make a counteroffer of 75 lacs for 5% equity with a valuation of 15 crores.
However, the deal closes at 75 lacs for 15% equity with a valuation of 5 crores only but with Peyush, Amit, Namita, and Aman making it collectively.
ANGRAKHAA BRAND FASHION REVIEW
The second brand is Angrakhaa which produces clothes for plus size both men and women.
The founder, Asana Riamei and Vishakha Bhaskar intrigue the Sharks with their background stories.
Their last month's sales were 24 lacs while the cost of their dresses begin at 2900 rupees.
ANGRAKHAA asks for 40 lacs at 5% equity while Amit Jain makes an offer of 40 lacs but at 20% equity at a valuation of 2 crores since he will have to work on digital marketing.
Angrakhaa makes a counter offer of 40 lacs for 15% equity but the deal finally closes at Amit Jain's offer of 40 lacs at 20% equity with a 2 crores valuation.
Diabexy Atta, Food Chart
The last brand to come is Diabexy brand which manufactures products like gluten-free flour, diabetes-free cookies, etc.
Founders, Lokendra Tomar and Nishu Tomar demand 1.5 crores for 1% equity at a valuation of 150 crores.
The Sharks cough out loud at a high evaluation while Diabexy as a brand is confident since 70% is their repeat customer and their monthly sales round up to 1.1 crores.
The price of their Atta is 500/KG but Anupam says that India is not ready to buy such an essential commodity at this price point and backs out.
Aman Gupta, Amit Jain, Namita, & Peyush come together and offer 1.5 crores for 20% equity at a valuation of 7.5 crores but Lokendra denies doing the deal since the valuation is very less.
End of today's Shark Tank India Season 2 19th January 2023 written update.
To download Shark Tank India Season 2 all episodes or watch today full episode (19 January 2023) online, go to sonyliv.com