by The third episode of Shark Tank India Season 5 featured some truly unique pitches, including an AI-powered platform for credit card and rewards optimization, a near-space aerial vehicle manufacturing company, and an intimate clothing brand. The episode had plenty of heated discussions over valuations and some intense bargaining sessions between the sharks and the pitchers.
As in the previous two episodes, the panel of sharks included Anupam Mittal, Namita Thapar, Mohit Yadav, Aman Gupta, and Kunal Bahl. Episode 3 was broadcast on Sony Entertainment Television (SET TV) and simultaneously streamed on the SonyLIV app.
Panel of Sharks on Episode 3:
- Aman Gupta – Co-founder & CMO, boAt
- Anupam Mittal – Founder, Shaadi.com
- Namita Thapar – Executive Director, Emcure Pharmaceuticals
- Kunal Bahl – Co-founder, Titan Capital & Snapdeal
- Mohit Yadav – Co-founder, Minimalist
Pitch 1: SaveSage
- Brand Type: AI-Powered Platform for Credit Cards and Rewards Optimization
- Founder: Ashish Lath
- Ask: ₹1 crore for 1% equity
An entrepreneur from Gurugram, Ashish Lath, pitched his AI-powered platform SaveSage, designed to help users maximize their credit card reward points. Ashish claimed he hadn’t paid for a flight in the last 10 years and had stayed at several luxury hotels worldwide for free using reward points.
Interestingly, Kunal Bahl already knew Ashish personally. During the pitch, Aman Gupta challenged Ashish to test his knowledge about credit cards, leading to a humorous yet heated exchange. Ashish then demonstrated how the SaveSage app works. Anupam Mittal called the concept a “game-changer” and praised its strong selling points.
Ashish explained that the business operates on a subscription model and began operations in April 2024. He also revealed promising revenue figures that impressed the sharks.
Offers Made by Sharks:
Anupam Mittal, Kunal Bahl, Namita Thapar, and Mohit Yadav: ₹4 crores for 9% equity
Final Deal:
Anupam Mittal, Kunal Bahl, Namita Thapar, and Mohit Yadav – ₹4 crores for 9% equity (4-shark deal)
Pitch 2: Kalam Labs
- Brand Type: Near-Space Aerial Vehicles for the Indian Military
- Founders: Ahmad Faraaz, Sashakt Tripathi, and Harshit Awasthi
- Ask: ₹2 crores for 0.67% equity
Three young entrepreneurs presented their company Kalam Labs, which specializes in building near-space aerial vehicles for the Indian military. Their drones and UAVs are designed for aerial surveillance and light combat, capable of carrying ammunition and crossing enemy territories undetected. The founders explained that their technology reduces heat signature detection, making them almost invisible to radar and heat-seeking missiles.
They also mentioned that their vehicles could serve as pseudo-satellites and are already being used for weather tracking in various regions of India. The drones can fly over 100,000 feet above ground — a key factor that sets them apart from competitors. Ahmad added that their ultimate ambition is to manufacture fighter jets and eventually surpass defense giants like Lockheed Martin.
Offers Made by Sharks:
- Namita Thapar: ₹2 crores for 2% equity
- Aman Gupta: ₹2 crores for 1.25% equity
- Anupam Mittal: ₹2 crores for 1.5% equity
Final Deal:
Aman Gupta – ₹2 crores for 1.25% equity
Pitch 3: Panteazy
- Brand Type: Intimate Clothing Brand
- Founders: Vikas Dahiya and Praveen Mishra
- Ask: ₹50 lakhs for 5% equity
Entrepreneurs Vikas and Praveen pitched their intimate clothing brand Panteazy, focused on making innerwear such as underwear, boxers, and thongs. Their humorous pitch left the sharks laughing. The founders shared how they met and started the brand in December 2022.
They stated that their underwear is priced between ₹399 and ₹799, while bodysuits start from ₹2,000. Aman Gupta expressed concerns about the brand name, while the founders explained that they use spandex in most of their innerwear for better grip. Their customer base consists of 80% men and 20% women, with a pan-India presence.
They further revealed that their sales had dipped recently because one of their shipments was seized, and a warehouse fire destroyed a large quantity of stock.
Offers Made by Sharks:
- No offers were made, and no deal was finalized.
Episode Summary: Out of the three pitches, only two companies successfully secured a deal. Ashish Lath of SaveSage walked away with a four-shark partnership, while the young innovators from Kalam Labs sealed an impressive deal with Aman Gupta. Unfortunately, Vikas and Praveen from Panteazy left without an offer.
Next Episode Preview: In Episode 4 of Shark Tank India Season 5, viewers will see pitches from an oats brand, a robotics company, and a startup with an innovative plant-growing technology. It will be interesting to see which among these businesses manages to win a deal from the sharks.
For more written updates on Shark Tank India Season 5, stay tuned! If you have any questions about Episode 4, feel free to drop a comment below.
