by Shark TV India Season 2 Episode 17 has been aired on Sony TV already on 24 January 2023 and we witnessed a full joint family appearing on the show with their Nanaji and they offered a deal to invest in their hair and skin-care ayurvedic brand. Two guys came and they made a pitch for their eyewear company and in the end, a mother-daughter duo came and they made a deal with two sharks for their sustainable artistic stationaries and lifestyle products making company.
Shark Tank 2 Episode 17 All Investments and Pitches Made – Full Details :
First Pitch – Radha Krishna Choudhary, Siddhant Agarwal, Ambika Agarwal, Vinita Agarwal and Vibhor Agarwal – Founders of Avimee Herbal – A full family came with their Nanaji and they made a pitch for their hair and skin-care ayurvedic brand after that they asked for Rs 2.8 crores for 0.5% Equity. Nanaji tells investors that he has taken out the page of retirement from his dictionary. It was revealed that till date they haven’t spent any money on internet marketing.
Siddhant Agarwal tells investors that currently they are the best sellers on Amazon and then he showed their products to the sharks. It was revealed that 2 Products of theirs contributes to 80% of the sales and rest 25 only contributes to 20% sales.
Peyush Bansal said that he is out because their business is already very big and he doesn’t think that he can contribute much to it. Namita Thapar tells them that her focus is on less is more and its not applied here because of which she is out. Aman Gupta tells them that he is out but they should focus more on marketing.
Amit Jain offered them Rs 1 crore for 2.5% Equity and Rs 1.8 crore in Debt at 12% interest. Anupam Mittal offered them Rs 70 lakhs for 2% equity and 2.1 crores debt at 15% interest They gave a counter offer of Rs 2.8 crore for 1.5% Equity with no debt but in the end, no deal was made.
Second Pitch – Piyuesh Kalra and Sunil Chhabra – Founders of eyenic eyewear – They made a pitch for their eyewear brand and then they asked for Rs 75 lakhs for 6% Equity. Namita Thapar tells them that its not good to mess with Lenskart and they said that monopoly in this sector is not good for consumers.
They said that 60% of their production happens in China while 30% in India and 10% in Turkey. Piyuesh said that they have an affordable range of airman glasses which ranges between Rs 500-1200 but it was revealed that they are made of plastic.
Amit Jain, Namita Thapar as well as Aman Gupta tells them that they are out. Anupam Mittal tells them that their style of work is very old fashioned. Peyush Bansal tells them that he is out because there is no differentiation in the quality and design. Anupam Mittal tells them that they need to take their focus away from their present business model and Piyuesh didn’t agreed after which he tells them that he is out.
Finally no deal was made.
Third Pitch – Minakshi Jhawar and Aishwarya Jhawar– Founders of Ekatra – A mother daughter duo came and they made a pitch for their sustainable artistic stationaries and lifestyle products brand Ekatra after which they asked for Rs 40 lakhs for 10% Equity.
Finally Aishwarya showed their products to the Sharks and Aman Gupta tells them that we are seeing these products since a long time. Aishwarya tells them that the designs of their products made them look different from the other competitors in the market.
Aman Gupta tells them that their business is small and he is out. Namita Thapar tells them that she thinks they don’t need investors right now because of which she is out. Anupam Mittal tells them that he can’t see the scope of making money from this investment because of which he is out.
Peyush Bansal and Amit Jain came together after which they gave them an offer of Rs 20 lakhs for 20% Equity and another Rs 20 lakhs in debt with the condition that they will make it a D2C brand.
Finally the deal was made with Peyush Bansal and Amiit Jain for Rs 20 lakhs for 20% Equity and another Rs 20 lakhs in debt.
