The latest Shark Tank India Season 4 Episode 6, aired on 13 January 2025, showcased three innovative pitches: a travel accessories brand, an AI-powered wearable company, and a cheesecake business. With a dynamic panel of Sharks including Aman Gupta, Kunal Bahl, Ritesh Agarwal, Anupam Mittal, and Namita Thapar, this episode brought intriguing business ideas, intense negotiations, and a mix of successful deals and missed opportunities.
Panel of Sharks for Episode 6
- Aman Gupta (Co-founder & CMO, boAt)
- Kunal Bahl (Co-founder, Titan Capital and Snapdeal)
- Ritesh Agarwal (Founder & Group CEO, OYO)
- Anupam Mittal (Founder, Shaadi.com)
- Namita Thapar (Executive Director, Emcure Pharmaceuticals)
Pitch 1: Tripole Gears
- Brand Type: Travel Accessories
- Founder: Rohan Khanduja
- Original Ask: ₹1 Crore for 1% Equity
Rohan Khanduja presented Tripole Gears, a travel accessories brand specializing in rucksacks, backpacks, and other gear. Despite showcasing high-quality products, his valuation of ₹100 crore left some Sharks skeptical.
Offers from the Sharks
- Namita Thapar: Two offers:
- ₹50 Lakh for 1% Equity + ₹50 Lakh Debt (3 years, 9% interest)
- ₹1 Crore for 1.5% Equity + 1% Royalty (until ₹1 crore recovery)
- Ritesh Agarwal: ₹60 Lakh for 1% Equity + ₹40 Lakh Debt (5 years, 9% interest)
- Kunal Bahl: ₹3 Crores for 7.5% Equity
- Aman Gupta and Anupam Mittal: Both opted out
Final Deal
Ritesh Agarwal struck a deal for ₹75 Lakh for 1.15% Equity + ₹25 Lakh Debt (5 years, 9% interest).
Pitch 2: NeoSapien
- Brand Type: AI-powered Wearable
- Founders: Dhananjay Yadav and Aryan Yadav
- Original Ask: ₹80 Lakhs for 2.5% Equity
Dhananjay and Aryan introduced NeoSapien, an AI-powered pendant designed to assist users with day-to-day tasks, functioning like a secondary brain. They demonstrated its features and discussed its target audience: professionals in leadership roles.
Offers from the Sharks
- Namita Thapar: ₹80 Lakhs for 4% Equity with a focus on healthcare applications
- Aman Gupta, Kunal Bahl, and Ritesh Agarwal: Opted out, citing concerns about the product’s clarity and market readiness
- Anupam Mittal: Declined to participate due to an existing 5% stake in the company
Final Deal
Namita Thapar’s offer of ₹80 Lakhs for 4% Equity was accepted without negotiation.
Pitch 3: Miss Cheesecake
- Brand Type: Cheesecake Brand
- Founders: Narpat Singh Rathore and Pooja Balani
- Original Ask: ₹30 Lakhs for 5% Equity
Narpat and Pooja pitched Miss Cheesecake, a dessert brand offering premium cheesecakes. While the Sharks appreciated their social media presence and unit economics, some expressed concerns about the product’s early stage and sugary taste.
Offers from the Sharks
- Ritesh Agarwal: ₹30 Lakhs for 7.5% Equity
- Aman Gupta, Kunal Bahl, Namita Thapar, and Anupam Mittal: Declined
Final Outcome
No deal was made.
Key Takeaways from Episode 6
- Diversity of Ideas: From travel gear to AI technology and desserts, this episode showcased a range of industries.
- Noteworthy Deals: Ritesh Agarwal and Namita Thapar closed impactful deals, emphasizing strategic investments.
- Missed Opportunities: Despite impressive pitches, some entrepreneurs couldn’t align with the Sharks’ expectations, leading to missed deals.