On the 4th episode of Shark Tank India on Sony TV which was aired on 5 January 2023, investors made amazing deal with a Electric Bicycle manufacturing company. Some heavy tussle happened between the duo of Peyush Bansal and Anupam Mittal vs Aman Gupta for investment on a home style snacks brand. Sharks also got impressed by a innovative fire extinguisher product.
Shark Tank 2 Episode 4 All Pitches and Deals Made – Full Details :
First Pitch – V Sai Meher Krishna and Nikhil Gunda – Founders of Gear Head Motors – They came riding a bicycle on Woh Sikandar Hi Doston song. Nikhil started telling about his electric bicycles which are priced at Rs 24000 per unit. They made a pitch for Rs 75 lakhs for 2% equity in their company.
Peyush Bansal said that he is interested in their business model and he wants numbers. Aman Gupta & Anupam Mittal took a trial ride on their electric bicycles and they loved the experience. Nikhil and V Sai Meher showcased their different bicycle models which are L, I, F, and E.
Nikhil told the investors that they are manufacturing their bicyles in India at Hyderabad and they have two companies. Namita Thapar said that she wants their companies to be merged or she is out. Piyush Bansal and Anupam Mittal said that they want the same thing.
Nikhil offered them 3% equity for Rs 1 crore. Vineeta Singh said that she is out because they are very explosive entrepreneurs. Anupam and Namita said that they are also out. Aman Gupta told them that its all Golmaal and they have to convince him now or he will be out.
Aman Gupta said that he can see himself in both of them. Peyush Bansal and Aman Gupta offered them Rs 1 crore for 7.5% equity for both their companies.
Finally the deal got finalized with Aman Gupta and Peyush Bansal at Rs 1 crore for 6.67% equity for both companies merged.
Second Pitch – Vinit Govinda Patil, Geeta Govinda Patil, and Darshil Anil Savla – Founders of PatliKaki – They made a pitch for their home style snacks brand and they offered investors Rs 40 lakhs for 2.5% equity.
Geeta said that she wants to expand her business across India. Vinit said that he wants to take his brand to a national level. Aman said that I want to taste your products first. Vinit, Geeta, and Darshil served the modaks and other snacks to the investors. Vineeta loves modaks a lot.
Investors loved the packaging and branding of their products. Darshil said that in FMCG business only two things matters which are brand name and product quality. Namita Thapar said that distribution also matters a lot.
Anupam Mittal asked Vinit’s age and Geeta said that he is 21 Years old. Vineeta Singh gets shocked knowing this.
Anupam Mittal offered them Rs 40 lakhs for 4% equity and Vineeta Singh said that she wanted to give them Rs 40 lakhs for 10% equity. Aman Gupta offered them Rs 40 lakhs for 5% equity. Namita Thapar said that she is out. Peyush Bansal also offered them Rs 40 lakhs for 4% equity and he further said that he is investing this money because of Vinit.
Geeta said that she can work with all three of them and Aman said he wants to partner alone after which he offered them Rs 40% for 4% equity.
Finally Vinit, Geeta, and Darshil finalized the deal with Anupam Mittal and Peyush Bansal for Rs 40 lakhs at 4% equity.
Third Pitch – Vivekanand Roshan Mishra and Annkita Roshan Mishra – Founders of Brandsdaddy – Two people came and they put a thing on fire and then Vivekanand & Annkita showcased their auto fire extinguisher ball product. They offered 5% equity for Rs 70 lakhs.
Vineeta Singh and Peyush Bansal said that they are out because of their business model. Namita Thapar offered them Rs 35 lakhs for 5% equity and another Rs 35 lakhs debt at 12% interest. Anupama Mittal and Aman Gupta said that Namita’s offer is good and they are out.
Finally Vivekanand and Annkita accepted Namita Thapar’s deal which is Rs 35 lakhs for 5% equity and another Rs 35 lakhs debt at 12% interest.