Shark Tank India 2: Namita Thapar Invests In FunnGro, Says 'Teenagers Today Are Very Ready To Learn & Earn'
From naughty gifting to goat milk/camel milk products, this episode saw the sharks try and find investible and profitable businesses to put their money in.
New Delhi: In the latest episode of ‘Shark Tank India Season 2’, there were a wide variety of pitches. From naughty gifting to goat milk/camel milk products, this episode saw the sharks try and find investible and profitable businesses to put their money in.
The episode began with a pitch by a food brand called Where’s The Food ( WTF). Despite a strong marketing and sales background, the founder was left confused by the questions sharks asked. He was also given quite strong feedback and told to become a better ‘listener’. None of the sharks invested in his business.
The second pitch was by Funngro, a skills based earning opportunity brand for teenagers. Peyush Bansal compared the brand to Upwork and Freelancers; however, the founders countered by sharing their difference in approach.
Later, Aman Gupta also backed out on 'ethical grounds’ wanting the kids these days to learn rather than earn. However, Namita Thapar differed and said that this is the first time she is differing with Aman, when they mostly agree on everything. She said she believes that today’s teenagers are very ready to learn and earn.
Namita and Amit Jain made an offer to Funngro of Rs. 50 lakhs for 4.16 % equity.
The third pitch by Aadvik impressed the sharks particularly with their sales. The company sells camel and goat milk and chocolates made from the same. However, most sharks did not wish to invest in their business as it was already profitable and a very difficult niche category to make.
Later, Amit Jain made an offer of Rs. 15 lakh for 1.5% equity and Rs. 45 lakh debt at 12% interest which was accepted by the entrepreneur duo.
The fourth pitch was made by a gifting brand which created quite some hilarious moments during the show for its naughty gifting section.
Oye Happy impressed the judges with their sales but all sharks refused to invest in their business for scalability and repeat orders.
'Shark Tank India 2' is judged by Anupam Mittal (Founder and CEO of Shaadi.com - People Group), Aman Gupta (Co-Founder and CMO of boAt), Peyush Bansal (Founder and CEO of Lenskart.com), Namita Thapar (Executive Director of Emcure Pharmaceuticals), Vineeta Singh (Co-Founder and CEO of SUGAR Cosmetics), and Amit Jain (CEO and Co-founder of CarDekho Group and InsuranceDekho.com).
'Shark Tank India' streams from Monday to Friday at 10:00 PM.
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