The third episode of Shark Tank was a special one as the viewers got insights into the personal entrepreneurial life of Sugar CEO Shark Vineeta Singh. The episode had three start-ups pitching their businesses to the sharks
During the episode, Vineeta Singh, founder of cosmetic brand Sugar, talked about her struggles in starting her own company. She talked about how she had zero revenue in the beginning
Vineeta Singh further talked about how Sugar employees took zero salary for months, just to help her build her business
The first pitch on episode 3 was by two American women, who while rooting for gut health pitched what they claimed was India’s first kombucha brand, Atmosphere Kombucha
Even though the founders of Atmosphere Kombucha impressed the sharks a lot with their fluent Hindi, they weren’t able to bag their desirable offer
Ask: Rs 75 lakh for 3% Equity
Stage “Kyuki Bol Mein Apnapan Hai” was an OTT entertainment app focusing on content made in regional dialects of Haryanvi and Rajasthani. The founders shared their story of how their earlier brand lost everything and they picked up only later on
The success story and entrepreneurial journey of Stage got sharks emotional. Vineeta even said that they are the most inspiring entrepreneurs she has ever met
Ask: Rs 3 crore for 1% Equity
Deal: Rs 1.5 crore for 0.6% Equity and Rs 1.5 crore debt @ 18% interest
Sharks: Aman Gupta, Namita Thapar and Peyush Bansal
The last pitch on the third episode of Shark Tank India was by Girgit, India’s first colour changing products store for both kids and adults
Ask: Rs 20 lakh for 10% Equity
Deal: Rs 20 lakh for 20% Equity
Shark: Namita Thapar
11Produced by: Sonali
Designed by: Mohsin