It’s probably the first time in the history of Shark Tank seasons 1 and 2 that four entrepreneurs came to the platform and not a single pitcher was able to raise a pitch!! It’s always seen that in the 30-min episode, at least one pitch gets a deal from the sharks but yesterday was a nightmare for all four entrepreneurs.
Two pitchers came to shark tank India with a pitch to invest in their company for a share of 15%. The sharks were impressed that this category of beverage is finally made into a business. Basically, the industry is new but sharks find it interesting not investable. So the pitch could not get a deal.
Proost– No Deal
Uncle and Nephew combo came to shark tank India with a new variety of beer in the market. They pitched that they have been serving many retailers and restaurants. their ask was for 0.75% equity in asking for 1 cr. The sharks were impressed by the background but could find an interest in the business and investment.
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Two entrepreneurs came to shark tank with their app Metro Ride and asked for 75% of equity and a 1% stake in their firm. the pitch that usually local transportation charges a hefty amount to reach a distance of less than 1km. Their app will give them a ride to the nearest metro and only a minimum cost will be asked. The sharks liked their pitch but again no deal was done on the show.
Conker App– No deal
A motivational speaker came to shark tank with an app Conker that will help students and people looking for a job and require a skill. At first, the sharks were a little agitated by the ask for 1 rupee as it seemed a little joke but later after the ask was made, they found it to be a cluttered market and hence no deal.
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