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    Shark Tank India: Pitches We Wish Got A Deal On The Show

    Only a few manage to impress the celebrity investors on the show and take home funding for their brand. 
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    Updated at - 2023-01-11,12:49 IST
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    shark tank india pitches that got no deal

    The business  reality television series, Shark Tank India has emerged to be one of the most successful shows in the country. The Indian franchise of the hit American show Shark Tank, the series managed to hook the audiences with its distinct theme. 

    After a successful run of the first season of the show last year, the makers decided to bring back the second instalmentin January, 2023.

    Through the last season and the ongoing second season, we saw multiple entrepreneurs pitching their business ideas to a panel of renowned entrepreneurs and investors. While some went home with great deals, others failed to impress the sharks and went home without any funding.

    Flatheads Shoes

     
     
     
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    A post shared by Flatheads (@flatheadsofficial)

    Ganesh Balakrishnan's pitch for his venture Flatheads shoes left everyone teary-eyed. During his pitch on the business reality show, the founder shared that the company was started in 2019, before the pandemic and for a long time it had no customers because no one hardly stepped out of their homes. He added that the company had received no more funds. His ask from the investors was for a valuation of ₹25 Crores. However, got an offer of ₹75 Lakh for 33.3% equity in the company, a valuation of ₹2.25 Crores. Despite the challenges, the founder didn't accept the offer and shared that he would like to gain more experience in this market going further.

    Though Balakrishnan didn't go home with any funding, he did get a job offer from Shaadi.com founder, Anupam Mittal. 

    After the show aired on television, Flatheads shoes were sold out on Amazon. Looks like the founder's pitch really moved the audiences and they all came out in support of him in this little way.

    JhaJi Store

    Founders of JhaJi Store, Kalpana and Uma Jha failed to receive any funding during season 1 of Shark Tank India. The startup offers homemade pickles and chutneys. Without any prior knowledge of running a business, the founders managed to make it big. After their episode aired on television, their sales grew rapidly. This year, ahead of season 2, sharks Vineeta Singh and Namita Thapar visited their factory and gave them an investment of ₹85 Lakh. Talking about making an investment now, Namita Thapar said, “The beauty of having regrets is you can correct them.”

     
     
     
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    A post shared by Shark Tank India (@sharktank.india)

     

    Sugar Cosmetics Founder, Vineeta Singh in an interview recently said, “Amidst the arrays of pitches that come to Shark Tank India, one hour often is not enough for Sharks to evaluate a business and its potential. And looking back at the pitch post the episode, not investing in JhaJi & Co. had been a regret of mine, which I happily resolved in Season 2.”

    Recode Studios

     
     
     
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    A post shared by Recode Studios (@loverecode)

     

    Punjab-based makeup brand Recode Studios won the shark tank judges with their marketing ideas. The founders, Dheeraj Bansal and Rahul Sachdeva shared that they sold all their products with 8-10 months expiry in a ₹1 flash sale and this helped them get consumer feedback on the quality of their products. They also shared their unique customer acquisition strategy where they offered online makeup classes for girls in fancy properties at ₹1500 per class along with a free lunch at the venue. 

    Even though their strategies left the judges impressed, they didn't go home with a funding. Ever since the episode aired, netizens have been calling out sharks for purposely not investing in the brand since it was a direct competitor of shark Vineeta Singh's company, Sugar Cosmetics.

    Don't Miss: Recode Vs Sugar: Comparison Between Makeup Brands, Which You Should Choose

    Theka Coffee

    Founder Bhupinder Madaan's Theka Coffee left the sharks excited with his product during the first season of the show. The brand offers 100% handmade coffee and the sharks were quite impressed with the quality of the product. However, they declined to invest in the product since the supply chain required a lot of handling and sharks felt that it was quite complicated. However, after the brand's appearance on the show, the founder raised ₹2.5 Crores by a Dubai-based VC firm, Zenith Multi Trading.

    Don't Miss: Amitabh Bachchan's Business Pitch Leaves Shark Tank India 2 Judges Impressed

    Agro Tourism

    Pandurang Taware’s one-of-a-kind idea to connect travel enthusiasts with farmers failed to get any funding on the show. The founder had asked for ₹50 Lakh for 5% equity of his company. While none of the sharks invested in the start up on the show, Namita Thapar, co-founder, Emcure Pharmaceuticals regretted not investing in the project and connected with the founder later and gave him a deal.

     

    Disclaimer

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