It’s not uncommon for many “sharks” to be interested in a pitch on any given episode of Shark Tank India, but it’s unusual for all of the sharks to come together to make a deal. Successful entrepreneurs in the tea glass washing machine industry accomplished this in the most recent episode of the show’s second season. A number of the challenges they encountered in developing this one-of-a-kind item were discussed in this episode. Dhaval and Jayesh, the “pitchers,” brought the “sharks” a steaming mug of tea and sought Rs 30 lakh for 10% stock at a value of Rs 3 crore.
The businessmen Dhaval Nai and Jayesh Nai, who Anupam Mittal claims to have met before, are also acquaintances of his. He acknowledged that appearing on Shark Tank India is a significant time commitment, so he announced he was starting a new initiative called Dreamdeal.me in which aspiring business owners may communicate their goals and motivations with investors in a minute-long video. After narrowing it down, his team picks a handful and gives them grants in exchange for no stock.
“Bharat business seekh raha hai (India is learning how to conduct business)” after hearing Dhaval describe how he invented the cleaning machine for tea glasses to guarantee cleanliness is maintained even at tea stalls.
After the entrepreneurs finished their presentation, all five “sharks” (Amit Jain, Peyush Bansal, Namita Thapar, Aman Gupta, Vineeta Singh, and Anupam Mittal) made them an offer.
The “sharks” put in an offer of Rs 30 lakhs for 20% shares at a value of Rs 1.5 crores. The agreement was accepted by Dhaval and Jayesh. Anupam Mittal predicted that “after this agreement, every youngster will desire to conduct innovation.”