by Shark Tank India Season 2 Episode 18 on Sony TV has been telecasted already on 25 January 2023 and we saw a pitch being made for an eco-system specially made for street food vendors. A trio of entrepreneurs came and they showcased their innovative wheelchairs for the disabled people. Amit Jain made a deal with a ice cream brand after seeing the passion of its founders. In the end, a young guy made a funny pitch for his special types of petticoats but no deal was made with him.
Shark Tank 2 Episode 18 All Deals and Pitches Made – Full Details :
First Pitch – Manik Sehgal – Founder of RAASA – A young entrepreneur came and he made a pitch for his eco-system for street food vendors and then he asked for Rs 50 lakhs for 5% Equity. It was revealed that the entire concept had huge challenges.
Namita Thapar said that she is out because this is not profitable. Peyush Bansal said that he is also out because Manik doesn’t have a tech guy. Aman Gupta said that its too early to ask for investment in this concept and he is out. Amit Jain said that this model has regulatory issues because of which he is out.
Anupam Mittal gave him an offer with the condition that he has to bring a tech guy and he has to give him an equal amount equity. Anupam offered him Rs 50 lakhs for 25% Equity.
Finally the deal was made with Anupam Mittal for Rs 50 lakhs for 25% Equity.
Second Pitch – Swostik Dash, Ashish Sharma and Siddarth Daga – Founders of NeoMotion – They made a pitch for their customizable motorized outdoor mobility wheelchair making brand and then they asked for Rs 1 crore for 1% equity. A disabled guy named Shivaji came and he gave a demo of the NeoMotion wheelchair to the Sharks and then he told the investors that he does Zomato delivery on the wheelchair.
It was revealed that the complete set of their wheelchairs costs around Rs 1 lakh and 18000 and they were giving it for Rs 99,900. NeoFly alone costs around Rs 42,900. Siddarth told investors that no other company makes this product in India but only attachments can be imported for Rs 5-6 lakhs. Anupam Mittal told them that if they can make this at a price of Rs 25000 then not only business but they will get Bharat Ratna.
Anupam Mittal offered them Rs 50 lakhs for 4% Equity and another Rs 50 lakhs in debt. Amit Jain tells them that he will give them a deal only if they make a promise that this business will run only at 5% profit but Siddharth didn’t agreed. Namita Thapar joined Anupam Mittal in his deal. Peyush Bansal offered them Rs 1 crore for 5% Equity and they have to give him 5% of the profits till he get the Rs 1 crore back
The entrepreneurs didn’t agreed with any of the deals and Anupam Mittal offered them Rs 99 lakhs in debt at 15% interest and Rs 1 lakh for 1% Equity. Peyush Bansal offered them Rs 1 crore for 2.5% Equity. Finally Anupam Mittal said that he is out because they are very money minded.
Finally the deal was made with Peyush Bansal for Rs 1 crore for 1% Equity.
Third Pitch – Parimal Kalikar and Dhivya Subburaju – Founders of Licksters – They made a pitch for ice cream brand and then they asked for Rs 50 lakhs for 5% equity. Ice creams were served to the sharks by Parimal and it was revealed that their ice creams were way overpriced.
Namita Thapar said that I liked the favours of your ice creams but your pricings are wrong because of which I am out. Aman Gupta said that I am out because of 3 P’s which are Pricing, Potential, and third is that they want Peyush. Peyush Bansal tells them that I am already involved with Skippi because of which I am out. Anupam Mittal tells them that I have a feeling that you guys will get stuck at some point and because of that he is out. Amit Jain tells them that he didn’t liked the product because of that he is out.
Parimal pleads in front of Amit Jain and then he tells them that he will offer them. Amit Jain offers them Rs 50 lakhs which includes Rs 25 lakhs in debt and Rs 25 lakhs for 5% Equity after which the deal was made on this offer.
Fourth Pitch – Sahill Shaha – Founder of Sayonara – A young guy came and he made a funny pitch for his innovative petticoat products and then he asked for Rs 1 crore for 10% Equity. All the sharks laughed a lot on his pitch but his business was still in pre-revenue mode.
Namita Thapar said that any tailor can made these petticoats. Sahill showed his products to the sharks. Namita and Amit both said that they are out. Aman Gupta said that he is out and he tells him to think about something else. Peyush Bansal said that he is out too and he tells him to change his logo. Anupam Mittal tells Sahill that this business is not investable because of which he is out too.
