Shark Tales Week 9 | Flashy pitches won't do the trick

Shark Tales Week 9 | Flashy pitches won't do the trick

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Sun Mar 05 2023

5 min read

techadmin

techadmin

We have been talking bout Shark tank ever since it started airing for the 2nd time now. Here's an input from Sujith Narayanan, CEO, Fi Money, who says:

“Over the last season of Shark Tank, we have seen how it’s influenced Indian youth to look at money much more smartly. Now everyone is talking about growth, valuations, portfolios and so on. We are hooked to the 2nd season as a part of this emerging conversation around wealth creation through startups. And there is no better time than now, given this newfound awareness that our audiences have on money.”

Credit where credit is due:

Key takeaways from this week's episodes:

  • Flashy pitches don't guarantee offers: After very long, we saw an episode where Sharks opted out of all deals in a single episode. Yes, ZERO offers made!
  • Nobody says NO to health-tech: As a rule now, we see all health-tech products receive offers from Sharks. Something about this sector is unmissable!
  • Ed-tech/Skill-tech is downhill: Low confidence in this category is a bit worrisome, now that Sharks are not investing in multiple products in the said domain.  

Episode 41

Brand 1

What's Up Wellness

Founders:

  • Vaibhav Makhija
  • Sayantain Makhija

Ye inki expertise hai:

  • Vitamin-rich gummies

The problem they solve:

  • Adults often experience a deficiency in vitamins because of erratic diet and declining health standards

Ask:

50 lakhs for 3% equity

Deal or no deal?

60 lakhs for 4.76% equity

Brand 2

Trunome

Founders:

  • Agrasen Ramani
  • Avinash Ramani

Ye inki expertise hai:

  • Trunome is a patented technology through which chronic diseases can be diagnosed at an early stage and can be easily monitored. Other chronic diseases such as cancer recurrence can also be diagnosed at an early stage.
    Some features of Trunome include US patented technology, detection and monitoring of chronic diseases through blood tests with 100% accuracy & a CDSCO cleared facility

The problem they solve:

  • Organ transplants are a painful and traumatic experience for patients . Post-monitoring of these processes is quite expensive, painful and risky. Trunome was built to tackle this problem statement.  

Ask:

1.5 crores for 1% equity

Deal or no deal?

Peyush, Aman, Anupam & Vineeta came together to invest 1.5 crores for 2% equity

Brand 3

WOL3D

Founders:

  • Rahul Chandalia
  • Shaloni Chandalia
  • Pradeep Jain
  • Swati Jain

Ye inki expertise hai:

  • Largest 3D printing ecosystem

The problem they solve:

  • Making 3D printing affordable and reliable for multiple industries

Ask:

1.5 crores for 1% equity

Deal or no deal?

Aman's offer of 80 lakhs for 2% equity & 70 lakhs in debt

Episode 42

Brand 1

Conker App

Founders:

  • Arvind Arora

Ye inki expertise hai:

  • It is a skill-based startup that offers skill-based courses through experts. They offer job opportunities. Their vision is to make Conker App on the top of the list of skill-based apps.

The problem they solve:

  • Most importantly, the students who take courses from Conker App should get a job. They avoid traditional exam patterns and teach courses such as how to teach online, YouTube mastery, Facebook mastery, and LinkedIn mastery courses.

Ask:

40 lakhs for 2% equity

Deal or no deal?

No deal

Brand 2

Proost

Founders:

  • Vijay P Sharma
  • Tarun Bharava

Ye inki expertise hai:

  • Apart from their strong beer, they also have two varieties of light beer and wheat-crafted beer. They are known for their good quality & India-made ingredients.

The problem they solve:

  • Proost is an affordable beer brand which is known for its premium quality, low bitterness, High affordability and High drinkability.

Ask:

1 crore for 0.75% equity

Deal or no deal?

No deal

Brand 3

Dr. Cubes

Founders:

  • Naveed Munshi
  • Pramod Tirlapur

Ye inki expertise hai:

  • The brand supplies fresh and hygienic ice that meets all food and beverage consumption parameters. Along with quality, punctuality is their USP. They have a record of delivery items always in time through Zomato. They are available on E-Commerce platforms such as Swiggy, Zomato etc. Their business works throughout the year 24 into 7.

The problem they solve:

  • They also handle the ice requirement of other industries. They are available in multiple types of ice such as cube ice, gourmet ice, crushed ice and infused ice.

Ask:

80 lakhs for 15% equity

Deal or no deal?

No deal

Brand 4

Metro Ride

Founders:

  • Kaaman Agarwal
  • Girish Nagpal

Ye inki expertise hai:

  • Daily commuters may access public transportation with Metro Ride, an AI-based network that runs entirely on electricity. One may reserve electric 2-wheelers and 3-wheelers with this app, and they can drop you off at the closest metro or rail station. Its fleet includes female drivers.

The problem they solve:

  • People get out of bed in the morning and get ready for work or a new day. Yet, as soon as they leave, they encounter a frequent issues of rejection, such as auto-walls that refuse to move, app-based taxis that are cancelled, etc. Metro Ride was discovered in order to address this issue.

Ask:

75 lakhs for 1% equity

Deal or no deal?

No deal

Episode 43

Brand 1

Oye Happy

Founders:

  • Harsh Khemaani
  • Varun Thodi

Ye inki expertise hai:

  • Oye Happy makes bedroom gifts that are naughty, entertaining and made in India. This is a gift-making company that not only makes naughty gifts but also makes creative gifts that were never seen before. Their best-selling categories are customized gifts, party games, and interactive greeting cards.

The problem they solve:

  • Gifts are most loved when they are really thoughtful. They are available on their own website oyehappy.com and at other marketplaces such as Amazon, Cred etc. Their vision is to make Oye Happy a part of every celebration and every relationship.

Ask:

50 lakhs for 1% equity

Deal or no deal?

No deal

Brand 2

Aadvik

Founders:

  • Hitesh Rathi
  • Shrey Kumar

Ye inki expertise hai:

  • Camel & goat milk products

The problem they solve:

  • Benefits of camel milk range from 10 times more iron, 4 times more vitamin C, and the effectiveness of autism, diabetes and lactose intolerance. It is also helpful for overall body growth. Goat milk is considered to be good for digestion and dengue prevention.

Ask:

60 lakhs for 1.5% equity

Deal or no deal?

Amit bets on the brand by investing 15 lakhs for 1.5% equity & 45 lakhs in debt at 12% interest

Brand 3

Funngrow

Founders:

  • Anik Jain
  • Payel Jain
  • Vea Jain

Ye inki expertise hai:

  • Funngrow gives youngsters the chance to use their abilities to make a particular amount of money. Through this platform, businesses may post jobs based on certain abilities, and by performing the tasks, one can get experience while also earning money.

The problem they solve:

  • Giving teenagers a forum to earn money through their skills & interests

Ask:

50 lakhs for 1.25% equity

Deal or no deal?

Amit & Namita come together on this investment with 50 lakhs for 4.16% equity

Brand 4

WTF - Where's The Food?

Founders:

  • Sayan Chakraborty

Ye inki expertise hai:

  • Budget smart restaurant chain targeted towards middle-class buyers

The problem they solve:

  • For middle-class people, dining outdoors can go out of budget. WTF targets this by standardising prices. Within the same price, customers can get proper food, hospitality cutlery and ambience is available which is as good as any other restaurant. Hence their caption is ” the restaurant of middle-class people”.

Ask:

75 lakhs for 5% equity

Deal or no deal?

No deal


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