Reality TV show Shark Tank India is back with its season 2 and has already gathered quite a following for the all-new season
Episode 2 of Shark Tank India season 2 streamed on January 3, 2023. It showcased three pitches in total, all of which bagged their fair deals
Vineeta Singh, founder of cosmetic brand Sugar, was seen as the star of the episode in grabbing best deals with the startups in episode 2 of Shark Tank India 2
The first pitch of the second episode was a Maharashtra-based saree startup called Very Much Indian. The USP of this startup was that it had handwoven sarees, which were delivered directly from the weavers to the customers
- Ask: Rs 50 lakh for 3% Equity
- Deal: Rs 50 lakh for 10% Equity with sharks Namita Thapar, Executive Director of Emcure Pharmaceuticals and Aman Gupta, Co-Founder and CMO at boAt Lifestyle
The second company to pitch in this episode was WatchOut Wearables, a smartwatch brand for kids. The startup had devised a smartwatch with a sim for kids that would help them stay connected with their parents for safety and other purposes
- Ask: Rs 2 crore for 5% Equity
- Deal: Rs 1 crore for 10% Equity and Rs 1 crore debt @ 15% interest with sharks Anupam Mittal, founder of Shaadi.co, and Vineeta Singh, CEO, SUGAR Cosmetics
The third and final pitch of Shark Tank India was by a health food industry startup SoupX. SoupX had devised tasty, healthy, and affordable soup options for its customers
- Ask: Rs 75 lakh for 6% Equity
- Deal: Rs 50 lakh for 18% Equity and Rs 25 lakh debt @ 12% interest with shark Vineeta Singh
The all-new season of Shark Tank India is already streaming on Sony Entertainment Channel and Sony LIV. The first two episodes can be viewed on the Sony LIV app. The new episodes stream at 10 pm on both platforms from Monday to Friday
Produced by: Sonali
Designed by: Mohsin