Shark Tank India is one of the most popular shows of today. It’s engaging and it brings out everyone’s entrepreneurial spirit. In case you missed it, yesterday’s episode featured some ambitious entrepreneurs and startup products. One of the startups was related to special food for people with diabetes. The pitchers of this product rejected the offers that the sharks had and vowed to come back with a valuation of ₹100 crores.
Shark Tank India 2: Diabetes Food Startup Rejects Sharks’ Offers
If you’re an avid watcher of this entrepreneurial TV show, you know that the show can sometimes have dramatic moments. Well, yesterday’s show was no different. There were many pitchers who put their best foot forward in front of the sharks and took what they got. This one couple, however, seemed to know their worth and didn’t accept anything less than what they believed they deserved.
Nishu and Lokendra Tomar had a pitch for their company that helped provide food for people with diabetes. Their company, Diabexy sells pancake and dosa batters which are diabetic-friendly. Their food, they claimed, would help diabetic patients deal with their debilitating disease. They claimed that their food would also help the patients eat healthier without worrying about worsening their condition.
Since the idea was so promising, the duo asked for ₹1.5 crores for 1 per cent of the equity. However, the offer didn’t sit well with the sharks. Anupam Mittal, one of the sharks, backed out of the deal while the others offered ₹1.5 crores for 20 per cent of the equity. The duo felt low-balled and rejected the offer. They said they would come back on the show when their valuation reached ₹100 crores.
Also Read: Shark Tank India’s Ashneer Grover Loses 10 kg; Gives Up Evening Pani Puri For Exercise Instead
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Pitchers With Brilliant Ideas
Shark Tak India features many up-and-coming entrepreneurs with brilliant ideas. The team of investors, also known as sharks consists of Anupam Mittal, who is the founder of Shaadi.com; Aman Gupta, who is the co-founder and CMO of boAt; Namita Thapar, who is the executive director of Emcure Pharmaceuticals; Vineeta Singh, co-founder of SUGAR cosmetics, Peyush Bansal, co-founder of Lenskart.com, and Amit Jain, co-founder and CEO of Car Dekho group and InsuranceDekhi.com.
Also Read: Shark Tank’s Ashneer Grover Believes Haldiram’s Is India’s Biggest Food Brand; Here’s Why
Did you see yesterday’s episode? Let us know what you thought of it in the comments below.
Cover Image Credits: @Diabexy/Instagram