Shark Tank India’s most recent season is going strong and has provided viewers with some unforgettable pitches. In the recent episode, three entrepreneurs, Tanishk Pandey, Astha Jain, and Pawanjot Kaur,
presented two of their products, Ayuvya and ImFresh, to Aman Gupta, Namita Thapar, Vineeta Singh, Kunal Bahl, and Ritesh Agarwal.
Everyone’s attention was undoubtedly drawn to the figures, but the “sharks” quickly raised some concerns over products.
Astha informed the judges that she had met Pawanjot while attending Punjab Engineering College and that the two had always wanted to start their own business. Astha and Tanishk, the guy in charge of the company’s creative department, were married shortly after Tanishk entered the picture. The trio disclosed that they were seeking Rs 1 crore for 0.5% of their businesses, ImFresh and Ayuvya. The combined value of both was Rs 200 crore.
But, the company’s growth rate was slowing down compared to prior years, and Kunal was the first to notice this. This raised other queries, such as the customer retention rate, which the three business owners were unsure of.
Judges Points Out Business Discrepancies.
Aman also expressed dissatisfaction with the quality of the company’s social media video ads. Tanishk remarked that this choice was made in light of the current social media trend of “ugly ads.” These low-budget initiatives are meant to feel less strategic and more genuine. Later the sharks discovered that none of the goods the young business owners were offering had undergone clinical studies.
Founders leave without an offer
The judges didn’t appear to be persuaded by Pawanjot’s claim that these goods were produced in accordance with texts and customs that date back thousands of years. Kunal withdrew from the agreement, stating that although they had accomplished something noteworthy, they still needed to demonstrate improved customer service.
“Pehle illaj nahi vishwas banao (Create trust before you manufacture cures),” he declared. Ritesh brought up the same point, and Aman informed the business owners that they still hadn’t developed into a “brand” despite their worth. The three left without making a deal.
