by Shark Tank India Season 2 episode 28 on Sony TV channel has been aired already on 28 February 2023 and we saw two brothers making an interesting pitch for their Indian Spices brand. A modern desi toys manufacturer woman asked for investment in her company and in the end, a techie made a deal with two sharks for stake in his software and solutions providing business.
Shark Tank 2 Episode 28 Biggest Pitches and Investments Made – Full Details :
First Pitch – Akash Agarwal and Ashish Agarwal – Founders of Zoff – Two real brothers came and they made a pitch for their spices aka masalas making brand after which they asked for Rs 1 crore for 0.5% Equity. Sharks got shocked knowing that they were asking for a valuation of Rs 200 crores. Akash said that they are competing with MDH Spices and they want to become no. 1 Spices retailer in the online market in near future.
Vineeta Singh asked about the CEO in their company but it was revealed that both the brothers didn’t had any CEO. Akash and Ashish showed their Spices manufacturing plant to the investors on LED Screen. Both the brothers gave their Spices to the sharks and they told them to smell their products. It was revealed that they took a loan from the bank of Rs 27 crores and their debt to loan ratio is very complicated.
Namita Thapar said that she is out because they did not have any CEO. Anupam Mittal offered them a deal of Rs 1 crore for 2% Equity with condition that they have to give him profits on equity without paying any extra interest on their debt loan to bank. Vineeta Singh offered them Rs 50 lakhs for 0.75% Equity and Rs 50 lakhs in debt. Amit Jain offered them Rs 1 crore for 1.5% Equity.
Finally the deal was made with Aman Gupta for Rs 1 crore for 1.25% Equity.
Second Pitch – Sapna Wagh – Founder of Desi Toys – A middle-aged lady came and she made a pitch for her kids toys making company that manufactures modern version of Desi Indian toys. She asked for Rs 50 lakhs for 3% Equity. All the Sharks got very happy seeing the toys and Amit Jain got his childhood flashbacks as he started playing with them.
Namita Thapar, Anupam Mittal, Aman Gupta, and Vineet Singh said that they are out because this business won’t work as kids of modern generation doesn’t play these kind of toys anymore. Finally Amit Jain offered her a deal but he was asking for 20% Equity and that was not possible for Sapna.
Finally No deal was made.
Third Pitch – Yuvraj Tomar – Founder of Codeworx – A tech related entrepreneur made a pitch for his company which offers solutions to big companies and brands to make a digital twin of their company at affordable prices using their software. He asked for Rs 40 lakhs for 2% Equity.
Yuvraj tried a lot to explain the entire concept to the investors but Amit Jain didn’t understand about it and he said that he is out. Vineeta Singh and Aman Gupta also backed out of the deal. Anupam Mittal and Namita Thapar offered Yuvraj Rs 40 lakhs for 5% Equity but he refused saying that he has already raised Rs 1 crore at 12.18% valuation.
Finally the deal was made with Namita Thapar and Anupam Mittal for Rs 40 lakhs for 3.2% Equity.
