Tuesday, February 11th, 2025

Shark Tank India 4: Pitcher asked for Rs 1.2 crore for clothes business, Aman Gupta was shocked to hear the deal


In the recent episode of ‘Shark Tank India 4’, two pitchers named Devansh Jain and Akshay Jain came and introduced their brand named ‘Culture Circle’. he/she told how he/she is bringing change in the fashion and clothing business through app-based platform. Pitchers asked for Rs 1.2 crore for 0.5 per cent equity. This means that he/she estimated Rs 240 crore for his/her company. This price shocked Aman Gupta and he/she immediately said, ‘Are we crazy?’ During the pitch, Akshay revealed that Devansh’s shoes were worth Rs 10 crore. Not only this, he/she also shared that he/she has already raised Rs 80.20 crore for his/her company. After the pitch, Kunal Bahl asked the pitchers how much money they had in their company’s balance. On this Devansh revealed that he/she has around Rs 17 crore in fixed deposit and an add-on of Rs 50 lakh.

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Vineeta and Aman were shocked

Shocked at this, Vinita Singh said, ‘Then why are you asking for investment? You can give away equity for free on a flat round of investment. It’s like you want to do marketing and you don’t even have to do a deal because you’re getting 4x the valuation. 200 crore ridiculous valuation. When asked if they would reduce their valuation to Rs 80 crore, Pitchers said that would be wrong. That’s why Vineeta walked away from this deal.

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Three judges gave offers

However, Kunal offered Rs 8 crore for 10 percent equity. Ritesh asked the pitchers to pay Rs 1.2 crore in exchange for 1.33 percent equity in his/her company. Namita Thapar also offered Rs 1.2 crore in exchange for 1.2 per cent equity, but she also asked for 0.5 per cent royalty. Aman’s offer was at a valuation of Rs 40 crore.

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Aman told the pitchers

Pitchers then offered 2% equity worth Rs 2.4 crore at a valuation of Rs 120 crore in their company. Namita offered 1%. After this Devansh said, ‘Namitha, .1% royalty will go on air.’ Aman became disappointed with this and he/she left the deal. he/she said, ‘You have not come here for a deal, you have come here for air.’

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