Anand Nahar’s Epic Take on Shark Tank India 3, Aman Gupta: ‘Cheque Nahi Fata Hai, Aman Ki Kismat Fati Hai’
In a recent episode of Shark Tank India 3, the reality TV drama took an unexpected turn as Anand Nahar, the fast-food chain pitcher, stirred up controversy with a humorous yet pointed remark aimed at Shark Aman Gupta. Despite entering into signed agreements with both Aman Gupta and Ritesh Agarwal, Nahar found himself unable to secure a deal. The aftermath of this encounter spilled over into a podcast where Nahar made a statement that quickly caught the attention of the internet community.
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During the podcast, Nahar, with a touch of humor, remarked, “Cheque nahi fata hai, Aman ki kismat fati hai,” translating to “It’s not the check that tore; it’s Aman’s fate that tore.” This playful swipe at Aman Gupta hinted at larger ambitions, with Nahar suggesting that his venture would be the first firm on Shark Tank India to offer an Initial Public Offering (IPO). Intriguingly, he promised further revelations in the coming months, leaving viewers on the edge of their seats, wondering what the future holds for Nahar’s venture.
This incident not only added a layer of unexpected drama to Shark Tank India 3 but also raised questions about the dynamics between pitchers and sharks, emphasizing the unpredictable nature of entrepreneurial journeys.
Home Salon Brand Strikes Unconventional Deal on Shark Tank India 3
Shark Tank India 3 continued to captivate viewers with its diverse array of businesses, bringing forth family-run and bootstrap ventures. One notable pitch featured a home salon brand seeking a substantial investment. The founders, Aditya Arya, Mayank Arya, Akanksha Vishnoi, and Arpit Gupta, introduced their brand with a unique proposition—a request for Rs 1.5 crore for a mere 0.5% equity, valuing their enterprise at a staggering Rs 300 crore.
The pitch garnered attention not just for its business model but also for the revelations that unfolded during the questioning by the sharks. As Shark Peyush discussed the business, Ritesh Agarwal disclosed his partnership with a competing company, adding an unexpected twist to the proceedings. The revelation that the founders were bootstrapped left Shark Peyush shocked, but it eventually shifted his perspective from negative to positive.
As Aman Gupta delved into the reasons behind the brand’s growth and its competitors’ losses, the pitch took an unexpected turn. The founders faced scrutiny for their investor-friendly approach, with Aman expressing doubts about their denial of offers and refusal to return money to investors. Radhika, one of the sharks, eventually backed out of the deal, leading to a gathering of Aman, Peyush, and Vineeta to discuss a potential agreement.
In a light-hearted moment, Vineeta joked, “Hum kaise believe kar aap jaasoos nahi ho” (How can we believe you’re not a spy). After a thorough discussion, Aman proposed a deal involving four sharks, offering Rs 1.5 crore for 3% equity and royalty at 2% of net sales until Rs 1.5 crore is recouped. The pitchers countered with Rs 1.5 crore for 1% equity and 1% royalty, but the sharks refused. After further negotiations, the deal was revised to 2% equity, with Peyush expressing concerns about the risk involved.
In the end, Vineeta presented the final offer of Rs 1.5 crore for 2% equity and royalty of 2% until Rs 1.5 crore is recouped. The pitchers accepted the deal, marking an unconventional yet successful negotiation on Shark Tank India 3. Aman expressed hope, saying, “Good job, you agreed to the deal,” while Vineeta shared her excitement, stating, “I am very excited about this deal.” Aman echoed the sentiment, expressing optimism that the money would come back, leaving viewers with a sense of satisfaction and closure.
Medicinal Cannabis Pitch Raises Eyebrows on Shark Tank India 3
The latest episode of Shark Tank India 3 brought forth an intriguing pitch that delved into the world of medicinal cannabis. Anupam Mittal didn’t hold back, stating, “Aap Shark Tank Pe Kyun Khade Ho, Aapko Toh Humein Khareed Lena Chahiye,” creating a moment of tension and intrigue. Pitchers Kartik Sharma, Sukrit Goel, and Arzoo Puri presented their Mumbai-based brand, focusing on health and wellness products derived from cannabis leaves. The pitch highlighted the founders’ personal connection to the product, with Sukrit sharing how medical cannabis played a crucial role in his recovery from a brain hemorrhage and improvement in motor skills.
The products were categorized into two segments: prescribed and over-the-counter. Seeking Rs 1.5 crore for 5% equity at a valuation of Rs 30 lakhs, the founders faced a thorough interrogation from the sharks, led by Anupam Mittal, Aman, and Peyush. Questions were raised about the authenticity of the claims made by the products, particularly the migraine oil.
Anupam Mittal, known for his straightforward approach, asked why the pitchers chose to present their case on Shark Tank rather than selling their product outright. Arzoo clarified that their products aimed to help rather than cure. As the sharks probed further into sales, unit economics, and equity split, Sukrit revealed a surprising aspect—the founders also owned a contract manufacturing company.
This revelation led to Aman Gupta opting out due to a conflict of interest, with Azhar also following suit. Vineeta asked whether the founders were open to merging, but Anupam revealed that they were no longer interested. Peyush and Vineeta then presented a conditional offer of Rs 50 lakhs at 10% interest and Rs 1 crore debt for 12% interest over two years, contingent upon the proof of their claims.
The founders came back with a counteroffer of Rs 75 lakhs for 5% equity in the brand and Rs 75 lakhs for 5% in the manufacturing company. Despite Peyush opting out, Vineeta made a final offer of Rs 25 lakhs in the brand, Rs 25 lakhs in the manufacturing company, 5% equity each, and Rs 1 crore debt for two years at 10% interest. However, the pitchers refused the offer, leaving the sharks without a deal.
The episode provided insights into the challenges faced by businesses in unique sectors, highlighting the complexities of presenting unconventional concepts on the Shark Tank platform. The medicinal cannabis pitch stirred discussions around the acceptance and understanding of such products in the mainstream market.
These three distinctive segments from Shark Tank India 3 showcased the diversity, challenges, and unexpected twists that make the show a compelling watch. From humorous swipes to unconventional deals and thought-provoking pitches, the episodes continue to captivate audiences, offering a glimpse into the dynamic world of entrepreneurship.
