Reality show Shark Tank India Season 2 has seen several young entrepreneurs pitch their business and get funding from the judges of the show, Amit Jain, Peyush Bansal, Namita Thapar, Aman Gupta, Vineeta Singh and Anupam Mittal. A new promo of the show has two young entrepreneurs, Dhawal and Jayesh, pitching their tea glass washing machine Mahantam. Anupam also reveals that his team has already provided grants to Dhawal and Jayesh so that they could expand on their business idea.
The promo begins with Dhawal sharing the story behind him coming up with the idea of making a washing machine for tea glasses to ensure hygiene is maintained even at tea stalls. After listening to his story, Anupam says, “Bharat business seekh raha hai (India is learning how to do business)”. Anupam also recognises Dhawal and then shares how he knows him. Anupam shares that since he knows it takes a lot of effort for people to come on Shark Tank India, he has started a new project, Dreamdeal.me. Under this, he asks new entrepreneurs to make a one-minute-long reel and share what they want to do and why. His team then selects a few and offers them grants without any equity. His initiative leaves other ‘sharks’ impressed. Namita tells him, “Well done Anupam.”
Later in the promo, we also see Peyush Bansal telling one of the pitchers, “I will give you an offer, whatever you say, Rs 53 lakhs for 1% equity.” Namita tells the pitcher that she and Vineeta will extend the same offer to them. Meanwhile, Aman is seen asking Anupam, “Agar aap chaaho toh hum bhi aapki help kar de? (If you want, can we also help you?” Anupam replies, “This is the kind of work agar mil kar karenge toh merko koi takleef nahi hai (This is the kind of work which I will not mind doing together).”
The entrepreneurs and sharks talked about the expense of producing the product. Mittal emphasised that India is known for ‘frugal engineering,’ and if the product could be built for Rs 25,000, the entrepreneurs would not only receive business but also a Bharat Ratna. He also stated that this is a company for “desh ka kalyan.”
Anupam ultimately made an offer, and Namita Thapar accepted it but then backed out. Peyush Bansal made an offer as well, but the entrepreneurs were adamant about keeping to their price. Anupam found them “money-minded”. The entrepreneurs stayed true to their concept, declining all offers and not even making a counteroffer. Peyush ultimately offered them the deal they wanted, and it was sealed.
‘Licksters’, an ice cream brand, was also featured on ‘Shark Tank India’. As Amit Jain was walking away from the agreement, the entrepreneurs persuaded him to return. Peyush Bansal stated that if there was no conflict of interest, he would have struck a transaction as well.
