Shark Tank India 2: 18-year-old pitcher Shreyaan Daga surprises Sharks as he reveals he became an entrepreneur at the age of eight - Times of India (2024)

The first pitch of the day in Shark Tank India is from the founder of sanitary napkin disposer Ajinkya Dhariya from Pune. He shares several features of how to re-utilise disposed sanitary napkins. His ask is Rs 50 lakh for 2% equity.
Ajinkya is 26-year-old and comes from a business family and they have always wanted to make a social impact. He was working for an ISRO project.

Anupam

applauds him and his thinking.
Ajinkya reveals that he never had any hesitation to ask in the family and said his mother is a role model. His sister revealed, “My brother needed pads to research. I had to ask for help from my friends.”
Aman says he had received many grants from the Government and other companies. Aman calls him “2020's Padman” as Ajinkya shared his achievements.

Peyush

offered double the amount and said, “quote your amount”. Anupam also makes the offer, which Ajinkya had offered.

Vineeta

Singh and

Namita

Thapar together make an offer. Apart from Aman, all make an offer and Peyush runs with his cheque. After much thought, Ajinkya wishes all the four Sharks – Peyush, Namita, Vineeta and Anupam, come together. The seal the deal for Rs 1 crore for 4% equity.
The second pitchers are a family of 3, who are into artisanal kitchen ware and home decor. They are from Udaipur and live in various parts of the country. They also have other jobs. Aman says it looks like they are into a part time business. While the Sharks are impressed with their work, Anupam says he is not seeing their market in India and tells them to focus on export as it is more profitable. Vineeta asks if they will quit their jobs if they strike a deal.

Anupam, Aman and Peyush are out. Vineeta and Namita go to discuss a deal. The women entrepreneurs make them a conditional offer that they have to focus on the business. When the pitchers go to discuss, Anupam tells them they should have asked for more equity. The pitchers made a counter offer and Namita said, “We have asked less and made the offer on sentimental value.” The pitchers accept Vineeta and Namita’s offer of Rs 25 lakh for 5% equity and Rs 25 lakh in debt with 12% interest.
The third pitcher of the day is Shreyaan Daga, who is the founder of a skill development company. He asks for 30 lakh, 2% equity. When Anupam asks his age, Shreyaan informs, “I started my entrepreneurial journey at the age of 8. I started selling my paintings and earned Rs 9000. In 7th grade I did an internship in the stock market. In 9th grade, I started giving loans in school for 40-50% interest.” Anupam says, “Tell me your age, why are you being slippery.” The pitcher replied, “I turned 18 just a few days back.” He also informed that his dad is an investor and he had helped him financially with Rs 2 lakh in building his start up and he returned him the money later multiple-fold. He said he left school after 10th standard.
Learning about his revenue, Aman gives him a standing ovation and calls him a champ.
He cracks a deal with Vineeta and Peyush, who offer him Rs 30 lakh for 5% equity with a valuation of Rs 6 crore.

The fourth pitcher of the day is Dr. Vishal Bajaj, founder of antimicrobial Pharma wear. His ask is Rs 1crore for 2.5% equity. He calls his father, who is the director and co-founder of the company. Dr. Vishal also practices alongside handling the business. He says if his business is suffering he will leave his job as a doctor. Aman says he doesn’t understand his seriousness in the business. Namita and other sharks don't quite get his business model and all of them are out.
In the latest episode, Supriya Donthi introduces India's first floral keepsake jewellery line. It's constructed with dried flowers, leaves, and seeds (also called botanical jewellery). She boasts that her jewellery has been worn by many celebrities. Her ambition is to build the largest botanical jewellery brand. She tells us more about her history and her passion for plants. She displays her products to sharks. Vineeta adores the package. They are all adorned with jewellery. Namita inquires about pricing and discovers that it is excessively high for metal. She outlines the flower preservation method and how each piece has a tale to tell. Her asking price is Rs 50 lakhs for 2.5% equity. Sharks are impressed when she discusses her sales and profits. Her repeat customers are limited.
In one of the episodes, new Shark Amit Jain slammed a hair product founder calling them 'bekaar branding'. Namita stopped him from being harsh, Aman also stood in support of the pitchers and offered a deal. While the founders Hinshra Manadath Habeeb and Yuba Mohammed Romin Aga made a counter offer, they eventually agreed to Aman's deal.

I'm an enthusiast with extensive knowledge in the entrepreneurial landscape, specifically in the context of reality TV shows like Shark Tank India. My understanding of business ventures, investment strategies, and the dynamics of pitching ideas allows me to analyze and dissect the details presented in the article with a discerning eye.

Now, let's delve into the concepts and key elements discussed in the article:

  1. Entrepreneurial Pitching:

    • The article revolves around entrepreneurs pitching their business ideas to potential investors (Sharks) on Shark Tank India.
    • Ajinkya Dhariya presents a sanitary napkin disposer, highlighting features for the re-utilization of disposed sanitary napkins.
  2. Investment Terms:

    • Ajinkya seeks Rs 50 lakh for 2% equity in his sanitary napkin disposer business.
    • The negotiation process involves multiple Sharks making offers, with Ajinkya ultimately securing a deal for Rs 1 crore for 4% equity.
  3. Diverse Entrepreneurial Backgrounds:

    • The entrepreneurs come from diverse backgrounds, such as the family involved in artisanal kitchen ware and home decor from Udaipur and Shreyaan Daga, the founder of a skill development company.
  4. Market Focus and Export Opportunities:

    • Anupam advises the family involved in artisanal kitchen ware to focus on export markets for better profitability.
  5. Investor Reactions and Negotiations:

    • Aman gives a standing ovation to Shreyaan Daga, the young founder of a skill development company, and ultimately strikes a deal with Vineeta and Peyush for Rs 30 lakh for 5% equity.
  6. Business Models and Evaluation:

    • Dr. Vishal Bajaj, founder of antimicrobial Pharma wear, faces skepticism from the Sharks, and none of them invest. This emphasizes the importance of a clear and convincing business model.
  7. Innovative Product Offerings:

    • Supriya Donthi introduces India's first floral keepsake jewellery line made with dried flowers, leaves, and seeds. The Sharks discuss the uniqueness of her product and inquire about pricing.
  8. Negotiation Dynamics and Investor Interactions:

    • The article highlights instances of negotiation dynamics, such as when Amit Jain criticizes a hair product founder's branding. Aman and Namita intervene, with Aman ultimately making a deal.
  9. Celebrity Endorsem*nts:

    • Supriya Donthi mentions that her botanical jewelry has been worn by many celebrities, indicating potential brand value.
  10. Repeat Customers and Sales Performance:

    • Supriya discusses her sales and profits, noting that repeat customers are limited, which raises concerns among the Sharks.

By dissecting these concepts, it's evident that the article covers a spectrum of entrepreneurial endeavors, investor reactions, negotiation strategies, and the diverse challenges faced by individuals seeking investment on Shark Tank India.

Shark Tank India 2: 18-year-old pitcher Shreyaan Daga surprises Sharks as he reveals he became an entrepreneur at the age of eight - Times of India (2024)
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