Peyush Bansal offers ‘tigdambaaz’ pitchers funding of Rs 2.5 crore

During a latest pitch on Shark Tank India Season 3, Anupam Mittal turned involved in regards to the unconventional funding that a few entrepreneurs had beforehand obtained.

The third season of Shark Tank India premiered not too long ago, with a few new ‘sharks’ on the roster. A brand new episode featured a pitch from two entrepreneurs from Ahmedabad, who offered a cheap listening to machine that left the sharks impressed, particularly, Peyush Bansal, Kanishka and Raj offered their model WeHear, and requested for Rs 2.5 crore in funding in change of 1 p.c fairness.

Even although the sharks appeared fairly impressed with the pitch, they weren’t fully satisfied, particularly with the asking quantity being so giant. Anupam Mittal grilled the pitchers with a number of questions. One of his main considerations was the ‘unconventional funding’ that the pitchers had acquired earlier. Aman additionally requested in regards to the different buyers, whose names he hadn’t heard of.

Vineeta Singh and Ritesh Agarwal additionally had some considerations with the asking value. Eventually, all of the sharks backed out apart from Peyush Bansal. Anupam stated, “You are very proud. (You appear very fishy),” as he opted out. Vineeta backed out as effectively, and stated, “As an funding, the returns won’t justify the entry valuation.” Turning down the deal, Ritesh opined, “If I make investments on this, it’s going to want a major quantity of my time.” Aman Gupta stated that he discovered the ask to be ‘too costly’.

While Peyush was the one shark who appeared within the deal, he additionally requested the pitchers about how they plan to worth him as an investor. He supplied them Rs 2.5 crore funding for two.5 p.c fairness, out of which 1.5 p.c could be advisory fairness.

While he handed over the test to the pitchers, they promised him some nice returns.

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