by Shank Tank India Season 2 episode 19 was aired on 26 January 2023, Thursday, on Sony TV and a innovative car manufacturer offered a deal to the investors for a stake in his company. A Chutney making brand founders made a pitch for their company but it turned out that they were facing losses in their business. At the end of the episode, three founders of a fantasy stock market app came and after that two sharks made a deal with them.
Shark Tank 2 Episode 19 All Pitches and Deals Made – Full Details :
First Pitch – Kalpit Patel – Founder of PMV Electric – Kalpit made a pitch for his car making company and he showcased his new car named EaS-E which is India’s first 2 seater full electric microcar. Kalpit asked for Rs 1 crore for 1% equity.
Kalpit told Peyush that the certification of his new prototype car has not happened yet. He started showing the demo of his app that can remotely control the car. Peyush and Anupam sits in his car and Kalpit started showing them its features. Kalpit said that his car is technically a Quadricycle.
Kalpit tells investors that the price of his car will be around Rs 4 lakhs. Investors said that its way too overpriced. Aman Gupta said that there isn’t much safety features in it and Kaplit said that we can install airbags but that will increase the cost by Rs 1 lakh.
Vineeta Singh said that she isn’t seeing much potential in this product and that’s why she is out. Aman Gupta said that he can’t understand this product because of which he is out. Namita Thapar says that she knows companies which are way ahead in R&D because of which she is out.
Peyush Bansal said that he doesn’t have any knowledge in this area and that’s why he is out. Anupam Mittal said that I am taking a bet on you and he offered him Rs 60 lakhs for 4% Equity and Rs 40 lakhs in debt.
Kalpit went outside to think about Anupam’s offer and he came back after which he asked for Rs 1 crore for 2% equity. Anupam Mittal gave him a counter of Rs 1 crore for 6.67% Equity.
Finally no deal was made.
Second Pitch – Soumyadeep Mukherjee, Vibhor Rastogi, and Gayatri Gogate – Founders of Spice Story – They made a pitch for their Chutney brand and then they asked for Rs 70 lakhs for 2% Equity. Investors tasted their Chutney’s and they liked the taste a lot. The equity split between them was Soumyadeep 38% Equity, Gayatri 12% Equity, and Vibhor 4% Equity.
It was revealed that their growth was very slow and Anupam Mittal said that they are in a market which has a lot of consumption in India. Finally it was revealed that their every sale comes at a loss. Soumyadeep said that they are still acquiring customers.
Aman Gupta said that he is out because of the execution issues. Anupam Mittal also told them that he is out because of multiple reasons. Vineeta Singh said that their business is in a dangerous territory right now and that’s why she is out.
Namita Thapar offered them Rs 70 lakhs for 5% Equity. Soumyadeep revealed to Peyush that they have funds available for only next two months after which Peyush said that he is out. Namita Thapar tells them that she is betting on their product.
Finally the deal was made with Namita Thapar for Rs 70 lakhs for 5% Equity.
Third Pitch – Dharmil Bavishi, Harsh Dhanawat, and Divyansh Mathur – Founders of Bullspree – They made a pitch for their gaming app that helps people in learning about the stock market. After making their pitch they asked for Rs 75 lakhs for 1.5% Equity. Dharmil gave a demo of their app to the Sharks. It was revealed that at each contest, they charge a commission of 20%. It was revealed that their CAC per user currently is Rs 52.
Namita Thapar said that she is out because they didn’t knew much about their competition. Vineeta Singh said that I don’t invest in such companies and that’s why I am out. Anupam Mittal said that they are little too late because of which I am out. Aman Gupta offered them Rs 26 lakhs for 1% Equity and Rs 49 lakhs in debt. Finally Peyush Bansal and Aman Gupta came together and they offered them Rs 75 lakhs for 2.86% Equity.
Finally the deal was made with Peyush Bansal and Aman Gupta for Rs 75 lakhs for 2.86% Equity.
