Shark Tank India Season 2: The Brothers duo came to present their masala brand ‘Zoff.’ They started their pitch with talking about other masala brands and they exposed that several masala brand mix cow-dung in their product. The sharks started doing ‘eww’ after hearing it. They shocked the Sharks with ask of 1 crore in the exchange of 0.5% equity. After hearing that, Namita Thapar said, “Mirchi Lag Gayi.” Pitchers said, “Abhi sales sunke aur lagegi ma’am.” The Sharks were impressed with their attitude and confidence throughout their pitch. Amit Jain also hugged one of them and said, “Bhai maja aa gaya yaar bada kamaal ka confidence hai.”
Shark Tank India Season 2: Their Sales shocked the Sharks
Pitchers shared that their last month sales are Rs 4.5 crores rupees and it shocked the sharks and they told that that their last year sale was Rs 7 crores and they want to become a big company like MDH in the masala industry. They shared that they are currently paying the loan of approx. Rs 18 crore of their father. After hearing about debt, Anupam Mittal said, “Aap yahan marketing karne ke liye aaye ho kyunki aapke paas pehle se hi loan hai to agar main apna paisa daalta hoon toh mera number to loan chukane ke baad hi aayega. Aap sirf yahan marketing ke liye aaye ho kyunki aise mein paisa daalna toh mushkil hai.” They denied his points and said that they want to raise money because they want sharks’ expertise to run the company.
Aman Gupta closed the deal
However, Anupam Mittal gave them conditional offer of 1 crore for 2% equity and the condition was that they have to convert the debt of Rs 18 crore into equity but he tore the cheque as the pitchers were thinking a lot. Aman Gupta, Vineeta Singh and Amit Jain gave them offer with same valuation but after their counter offer of 0.75% equity, Aman Gupta closed the deal for 1 crore for 1.25% equity.
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