All you need to know about Shark Tank India Season 2 Episode 3 Pitches
Shark Tank India 3rd Episode Pitches
Pitching your ideas creatively is what happens in the Shark Tank franchise. People from different parts of the country pitch their business ideas to sharks. Now, these sharks are professionals when it comes to the business field. They throw questions at the pitchers so that they gain the trust and ideas to invest in your business.
Today, Shark Tank India Season 2 Episode 3 premiered. Shark Tank Season 2 is hosted by Rahul Dua the famous stand-up comedian. The show has already aired two of its jaw-dropping episodes for all the business lovers in the country. Now, the third episode of the show premiered on January 4th, 2022. Now, further, in this article, we will talk about all the pitchers in episode 3.
Pitches on Shark Tank India Season 2 Episode 3
#Pitch 1
- Brand Name: Atmosphere Kombucha
- Founders: Rebekah and Ariell
- Valuation: 50 crore
- Funds Received: Nil
- Business Website: https://atmospherestudio.in/
This Russian-originated duo was the first to visit the stage. All the judges were immediately impressed by their love for the country. Now, Atmosphere Kombucha is one of the finest and first Kombucha brands currently present in India. Vineeta revealed she had previously checked their products on Instagram and loved the packaging system.
The story behind their brand is quite interesting as they found out that India's women got few opportunities to identify themselves. They wanted to solve this problem in India and wanted to provide jobs to females in India. Rebekah and Ariella's Atmosphere Kombucha factory is 100% filled with female workers today.
More than 45% of Indians suffer from gut issues. Their product is nothing but a cold probiotic healthy drink that is fermented with green tea along with bacteria. The problem they faced was with its price it was rated Rs 220.
Pitchers declared Rs 1 crore for 40% online business, 20% retail, and 40% cafes. Vineeta offered Rs 30 lakh for 10% equity and Rs 45 lakhs debt at 12% interest. Then the sisters counter-offered Rs 75 lakhs for 8% equity to Anupam. However, in the end, all the offers were turned down.
#Pitch 2
- Brand Name: STAGE
- Founders: Praveen Singhal, Shashank Vaishnav, and Vinay Singhal
- Valuation: 300 crore
- Funds Received: Rs 1.5 crore for 0.6% equity and Rs 1.5 crore debt at 18% interest
- Business Website: https://www.stage.in/
STAGE is an OTT platform that features 100% original and fresh Indian dialect-based content. These people revealed these Indian dialects are not used to make movies and are not even used in radio channels. They started their content using the Haryani dialect and featured 1000+ content for consumers. Within a few years, they created a well-established movie industry online.
STAGE provided jobs to more than 1000 people and all of them helped them make more than 300+ hours of content. They made content in Rajasthani as well. They asked sharks for Rs 3 crore for 1% equity. Then they spoke of WittyFeed which was launched back in 2014 and became the second biggest content website.
Then after hearing the offer, Peyush Aman, and Namita collectively offered Rs 1.5 crore for 0.6 % equity and Rs 1.5 crore debt at 18% interest. Now, this is finally agreed upon by the co-founders.
#Pitch 3
- Brand Name: Gitgit
- Founders: Pooja Bajaj and Benoy Bajaj
- Valuation: 15 crore
- Funds Received: Rs 20 lakhs for 15% equity
- Business Website: https://www.girgitstore.com/
Girgit is India's first color-changing product store targeting kids. Other than that, they target adults as well. To date, this company has sold more than 3000 products and has a customer base of 1800 presently. They asked for Rs 20 lakhs at 10% equity to all the sharks.
Now, the expanding business made all the sharks interested. Over the years, this company has earned Rs 58 lakhs with a profit margin of 79%. Further, Namita Thapar offers them Rs 20 lakhs for 20% equity. Then the couple further counter offers Rs 20 lakhs for 15% equity which was agreed upon by both parties.
Disclaimer: The information provided in this post is for general informational purposes only and does not constitute professional advice. Please consult a qualified professional before making any decisions based on this content.
