Shark Tank India 2 9th January 2023 Written Update, Today's Brands, Pitches, Entrepreneurs
Shark Tank India 2 9th January 2023 Written Update: SharkTank India 2023
Today's Shark Tank India 2 9th January 2023 episode starts with new pitchers coming in front of the Sharks with their business ideas.
Tea Fit Beverage Brand on Shark Tank
The first brand to grace the stage of STI 2 today is Tea Fit.
Started by Jyoti with her two sons, the Tea Fit brand aims to eliminate the sugar content in drinks and is a formulation of 15 herbs with hand-toasted barley that provides natural sweetness.
Tea Fit demands 50 lakhs for 3% equity with a valuation of 16.67 crores.
One bottle of Tea Fit costs around 120 Rupees.
Peyush Bansal asks Jyoti about how much profit she can make and she tells him that she made a profit of 3.5 lakhs in 3 months.
Anupam Mittal questions Jyoti on how she is thinking of scaling this business and she underlines the problem of transporting liquids.
She tells Anupam that she is working on making powder sashes that can be mixed with hot water to get an aromatic tea.
Aman Gupta doesn't like the product when he drinks it but later on, he does and gets impressed by Jyoti.
Vineeta Singh & Anupam Mittal offer her a deal of 50 lakhs at 25% equity with a valuation of 2 crores but when Peyush gives her an offer of 50 lakhs at 10% equity with a valuation of 2.5 crores, Aman Gupta also offers 50 lakhs at 10% equity with a valuation of 5 crores.
Later on, all 4 sharks make a deal collectively but Jyoti asks them to bring the equity to 8%, and the deal gets closed at 50 lakhs for 8% with a valuation of 6.25 crores.
Haqdarshak Government Scheme Application on Shark Tank India
The second brand to come is Haqdarshak which collects data on government schemes and aims to spread amongst the rural population.
The founder, Aniket Doegar gets praised by the Sharks for doing something that will bring something good to the people.
Aniket demands 1 crore for 0.5% equity with a valuation of 200 crores.
He tells Namita Thapar their 21-22 revenue which was 15.5 crores.
He even gives an application demo of Haqdarshak application to the Sharks but Anupam Mittal opts out as he cannot match Aniket's valuation as this service business also has a low margin.
Peyush gives him an offer of 1 crore at 2% equity with a valuation of 50 crores while Aman and Namita also feel that Haqdarshak has the potential for cross-selling.
They both collectively offer him a deal of 50 lakhs at 1% equity with 50 lakhs in debt at 10% interest with a valuation of 50 crores.
However, Aniket has a counteroffer for 1 crore at 1.5% equity but the deal closes at 1 crore for 2% equity with a valuation of 50 crores offered by Peyush, Aman, & Namita together.
Bhaskar's PuranPoli Ghar on Shark Tank India 2
The third brand to come is Bhaskar's PuranPoli Ghar which serves 24 varieties of Puranpolis.
Vital, Saurabh, & Bhaskar introduce themselves to the Sharks and the Sharks get to know that Saurab & Vittal are only marketing people and the whole format belongs to Bhaskar.
Bhaskar narrates his story in broken India of how he used to clean restaurants and now owns a business of more than 18 crores.
They demand 75 lakhs with 1% equity for a valuation of 75 crores.
Anupam Mittal questions them about the difference in their Maharashtra (Bhaskar Puranpoli Ghar or BPG) and South India (Karnataka's) franchises that IS Bhaskar's Mane Holige (BMH).
The total sales of BPG are quoted as 18.6 lakhs with a profit of 20% but all the Sharks opt out once they see that everyone has a different business and in the long term, the fight may arise.
However, the Sharks get impressed by Bhaskar's story and wish him all the very best for the future.
End of today's Shark Tank India Season 2 9th January 2023 written update.
To download Shark Tank India Season 2 all episodes or watch today full episode (9 January 2023) online, go to sonyliv.com