Shark Tank India, Sharks hear three pitches in tonight’s episode. While they are not convinced about investing in Gunjan Apps Studio, they make interesting offers to the other two.
They inform the ‘Sharks’ that they quit a well-paying career in the United States to come to India to create an entertaining learning app for youngsters aged 1.5 to 11 years. Unlike other applications that are both costly and online, this one is both offline and mostly free.
They notify the Sharks that they began with one app but have already expanded to 40. They also say that they have over 200 million downloads. Sourav notes that the idea for the app came to him when his son learned fundamental alphabets and numbers via an app that his wife was developing. Sharks laugh out loud when he speaks. The two request for 2.5 crores of 1% equity.
However, their simple explanation of the software, revenue, and staff does not persuade the Sharks. Vineeta Singh claims that the software is addictive and that it does not teach children anything.
Anupam is the one who deems it a rip-off of the ABC Mouse app and cites other comparable incidents. He declines, as do Aman, Namita, and Peyush.
According to Anupam, the road is always challenging, and entrepreneurship is the most arduous. Anupam offers to give them advise behind closed doors because he is doing something similar.
Soham Payal Pathak and Payal Pathak are the founders of The Simply Salad. It’s a cloud kitchen in Ahmedabad. Payal states that she is a single mother who launched The Simply Salad in August 2020 after her paying guest company ceased due to Covid.
Their unique selling point is that they provide everyone with healthy, inexpensive, and delicious salads. Sharks also discover that Payal is a single mother who divorced while her son was only two years old. All of the sharks adore her nutritious and wonderful meals.
The two request Rs 30 lakhs in exchange for 10% shareholding. Aman and Vineeta provide the same service. The remaining Sharks believe they have gotten the finest bargain. The two are satisfied and leave.
Adarsh Kachappilly, Tapas Pandey, and Varad Patil deliver the final pitch. It is a wireless digital stethoscope with noise reduction that listens, records, and shares vital information in real time.
The ‘Sharks’ get to test their items and see how effective they are. Namita, the founder of a pharmaceutical company, is the one who is most interested in it. She asks them a few questions, to which they quickly respond.
While the other Sharks decide not to participate, Peyush makes them an offer of Rs 50 lakhs for 5% equity and Rs 50 lakhs in loan at 12% interest. He expresses his desire to collaborate with Namita, but she expresses a preference for medical transactions.