On Shark Tank India episode no. 29 which was telecasted on Thursday, 9 February 2023 on Sony TV channel, we saw an all shark deal being made with two young tea glass washing machine innovators. Later on, two entrepreneurs tried to make a deal with Sharks to invest in their Mental health improvement based platform. At the end of the episode, a desi farmer puts forth a pitch for his company that provides honey as well as dairy products.
Shark Tank 2 Episode 29 All Pitches and Money Invested – Full Details :
First Pitch – Dhaval Naik and Jayesh Nai – Founders of Mahantam – Two young Gujarati innovators came and they showcased their innovative tea glasses washing machine to the sharks. Both the guys started their pitch by giving tea to all the investors and it was revealed that they received a grant from Anupam Mittal earlier through his “Dream Deal” initiative. Dhaval and Jayesh asked for Rs 30 lakhs for 10% Equity.
Dhaval and Jayesh gave a demo of their tea glass washer to the Sharks and then they said that each machine will be sold for Rs 28,000. Dhaval told investors that this machine has been made for tea stalls and shops as well as for rich people to show off.
Anupam Mittal got impressed a lot with their entire story and then he offered them Rs 30 lakhs for 20% Equity. Rest four Sharks joined Anupam Mittal in his offer and then it became an all shark deal.
Finally an all shark deal was made for Rs 30 lakhs for 20% equity.
Second Pitch – Sahil Chitkara and Kanika Agarwal – Founders of MindPeers – A guy and a lady came after which they made a pitch for their AI based Platform that helps people in making them mentally stronger. Sahil and Kanika asked for Rs 53 lakhs for 1% Equity.
The equity split between them was 70% with Kanika and 25% with Sahil also remaining 5% with other investors. Kanika gave sharks a demo of their app. She told investors that their app works on a subscription model and monthly subscription price is Rs 350 per month and they have 3500 paid subscribers at present. Kanika tells each investor that why she needs them involved with their business.
Peyush Bansal offered them 53 lakhs for 1% Equity. Namita Thapar and Vineeta Singh combined gave them an offer of Rs 53 lakhs for 1% Equity. Aman Gupta also joined Namita and Vineeta in their deal. Anupam Mittal said that their app is Khichdi and that’s why he is out.
Finally two deals are made :
- First with Namita Thapar, Vineeta Singh, and Aman Gupta for Rs 53 lakhs for 1% Equity
- Second with Peyush Bansal for Rs 53 lakhs for 1% Equity
Third Pitch – Durlabh Kumar Rawat – Founder of Barosi – A desi guy came and he made a pitch for his company that makes natural and pure desi ghee, milk, and honey products. Durlabh asked for an investment of Rs 50 lakhs for 2% Equity at a valuation of Rs 50 crores.
Durlabh told investors about the kind of revenue he has earned in the past few months and they got very impressed. Durlabh served two laddu’s, desi ghee, & honey to all the sharks and all of them liked the taste of his products.
Peyush Bansal said that he has already invested in a similar company named Humpy A2 and it works on same model. Aman Gupta said that he has recently exited Anveshan and that company owner is currently ruling this market. Anupam Mittal said that the honey and ghee was tasty but Laddu was so so.
Namita Thapar tells Durlabh that she is out. Vineeta Singh says that he has not yet cracked the hero product and that’s why she is out. Peyush Bansal said that he can’t invest in this because he has already invested in Humpy. Anupam Mittal said that for today this business is not investable and that’s why he is out. Aman Gupta gave him feedback by saying run faster and then he further said that he is also out.
Finally no deal was made.