Shark Tank, Yushika Jolly, CEO of Paradyes, took to LinkedIn to discuss the negative backlash she received after the episode aired on Thursday, despite having signed a deal that she and her co-founder were happy with.
This week’s Shark Tank episode, which featured a hair dye company, followed the usual drama-filled script:’sharks’ squabbling amongst themselves, pitchers negotiating with them, and a result that disappointed a handful of’sharks’. What struck out on this occasion, though, was the discussion and controversy it sparked after it aired.
Hate messages abound in my direct messages, in the comments on my personal page, and even on the pages of my brands.
Defending her decision to go with ‘boAt’ founder Aman Gupta and Sugar Cosmetics CEO Vineeta Singh’s offer rather than Lenskart CEO Peyush Bansal’s, she remarked that she knows her “company better than any keyboard warrior”.
Yushika Jolly and Siddharth Raghuvanshi entered the show asking for Rs. 65 lakh for a 1% stake in their company.
While Piyush Bansal offered them everything they requested, the two ultimately accepted Vineeta and Aman’s offer of 65 lakh for 2% equity.
Ms Jolly, on the other hand, saw a silver lining in her ordeal. “Following our airing, our sales on our website and in a few specialised markets nearly doubled. Our website has experienced a 20x increase in visitors.”
Shark Tank India’s second season premiered earlier this month. The reality show, which debuted a year ago, features startups seeking financing from experienced businessmen. The show is an Indian adaptation of the popular US show Shark Tank, which is presently in its 14th season.
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