Episode 16 of Shark Tank India Season 2 has been telecasted already on Sony TV on Monday, 23 January 2023 and we watched a deal being made with a Filter Coffee and snacks company. Peyush Bansal invested in a Motorcycle canopies making company after getting impressed by the entrepreneurs. At the end of the episode, some young innovators made Sharks go into a bidding war to invest in their septic tank cleaning bots making company.
Shark Tank 2 Episode 16 All Pitches and Investments Made – Full Details :
First Pitch – GD Prasad, Rahul Bajaj, and Yashas Alur – Founders of VS Mani & Co. – Three South Indian guys came and then they made a pitch for their authentic instant Filter Coffee, South Indian Snacks and Spices making brand. Snacks and Coffee was served to the Sharks and they liked their taste a lot.
Anupam Mittal announced that he is already a investor in their company after which he gets up from his chair and went outside. It was revealed that they have a equity split of 45-14-14. GD Prasad tells Sharks that most of their revenue comes from the coffee. Anupam Mittal was watching the entire pitch and conversation with host Rahul Dua from outside.
GD Prasad tells investors that they started selling filter coffee in June on Amazon and their 85% revenue comes from online business. Peyush Bansal tells them that they are overthinking because of which he is out. Amit Jain said he is also out. Anupam Mittal tells Rahul Dua from outside that he should be inside to guide the pitchers.
Aman Gupta tells them that he is out and he advices them to focus more on selling their coffee product. Namita Thapar offers them Rs 15 lakhs at 1% Equity and another Rs 45 lakhs in debt at 10% interest.
Finally the deal was made with Namita Thapar for Rs 19 Lakhs for 1% Equity and another Rs 41 Lakhs in debt at 10% interest.
Anupam Mittal guides them about the mistakes they made with the pitch and then Peyush Bansal did the same.
Second Pitch – Kashyap Addepally and Vidhey Addepally – Founders of SEPAL – They made a pitch for their company that makes Motorcycle canopy and then they asked for Rs 50 lakhs for 1% Equity. Amit Jain, Namita Thapar, and Anupam Mittal had a look at their canopy.
It was revealed that the launch price of each SEPAL Canopy is Rs 10,000 and they said that they have a lot of orders and they can reduce the price to Rs 5000. Kashyap tells Sharks that they are failing to increase the production speed.
Amit Jain said that the target audience of this product is very less and because of its expensive price I am out. Namita Thapar also said that its price is way too much because of which I am out. Anupam Mittal said that they are focusing on too many features and he is out. Aman Gupta said that he didn’t understood the business and that’s why he is out.
Peyush Bansal said that he got impressed by them a lot and he offered them Rs 50 lakhs for 2% Equity and then the deal was made on that offer.
Third Pitch – Divanshu Kumar, Bhavesh Narayani, Linda Jasline, and Moinak Banerjee – Founders of Solinas – They made a pitch for their company that makes water sanitation related products. They showed their two products named HomoSep and EndoBot. At the end of their pitch they asked for Rs 90 lakhs for 2% Equity.
They had three products which includes two hardware’s and one software. Divanshu and Bhavesh explained the entire process of cleaning septic tanks with their bots. They had a equity split of 32%-8.5%-5.5%-2.5% Equity.
Amit Jain and Namita Thapar offered them Rs 52 Lakhs for 2% Equity and Rs 38 lakhs in debt for 10% interest. Peyush Bansal and Anupam Mattal offered them Rs 90 Lakhs for 3.35% Equity. Aman Gupta said that I am out for now but I am having a lot of fun seeing this tussle.
Finally they made the deal with Peyush Bansal and Anupam Mittal for Rs 90 lakhs for 3% Equity.