The Hindi-language business reality TV series Hindi is broadcast on Sony Entertainment Television. The series with its third season is continuing to bask in its popularity amongst the Indian audience. The show revolves around new-age entrepreneurs delivering business pitches to an esteemed panel of investors aka the ‘sharks’. Based on their pitches, the sharks will determine whether or not they will invest in the presented ventures.
Shark Tank India Season 3 consists of a panel of judges that includes Deepinder Goyal, Founder and CEO, Zomato; Azhar Iqubal, Co-founder & CEO, Inshorts; Ritesh Agarwal, Founder & CEO, OYO Rooms; Radhika Gupta, MD & CEO, Edelweiss MF; Varun Dua, Founder, ACKO; Amit Jain, Co-Founder & CEO, CarDekho Group; Ronnie Screwvala, Co-Founder and Chairperson, UpGrad; Aman Gupta, CEO and Founder of boAt; Namita Thapar, Executive Director – India Business, Emcure Pharmaceuticals; Peyush Bansal, Co-Founder & CEO, Lenskart; Vineeta Singh, Co-founder & CEO, SUGAR Cosmetics and Anupam Mittal, Founder & CEO, People Group (including Shaadi.com).
Shark Tank India Season 3 Episode 38 Recap
Bringing forth three very interesting startups to the scene in the latest episode, we are given an informative and entertaining episode, with Sharks Vineeta Singh, Aman Gupta, Anupam Mittal, Namita Thapar and Amit Jain.
Cup-ji
The first startup to come to the Tank comprises two men who want to change how we drink tea that is made fast, tastes great and is healthy as well. Thus, their innovation is a paper cup with green tea leaves already at the bottom which one can have tasty tea quickly by just pouring hot water. They have also released 8 different flavours for those who like to experiment. They ask for Rs 50 Lakhs in exchange for 5% equity of the company in order to make their dreams of being available everywhere a reality.
Right off the bat, the Sharks are excited and impressed with the packaging and the flavours and the founders mention that the products that they use are all real and thus the price is also more expensive than their competitors. They further discuss their 5 moats and their relationship with each other as well as why they are not doing just teas and getting into making paper cups instead. They next get into their GTM Strategy which everyone is left impressed with.
However, the Sharks are left a bit disappointed with their sales and their monthly burn, plus the fact that it would be difficult for people to store the product in their homes. Although everyone is impressed with their export business, all the Sharks opt out of getting into a deal with them.
A Toddler Thing
The next company makes sustainable and safe baby clothing and baby essentials that are comfortable to wear. Made with muslin blends that are safe and breathable to use, the company prides itself in delivering its products to over 2 lakh families. In the end, they ask for Rs 80 Lakhs for 2% equity of the company.
The two get into how and why they got into this business and their individual backgrounds that entertain the Sharks thoroughly. The founders then discuss their 28 SKUs and the Sharks clearly love the products and how soft they feel. The founders discuss why they use muslin and its advantages when it comes to baby clothes and everyone compliments their beautiful designs as well.
They then get into their sales data and equity split and why they were burning money in spite of the huge numbers. Although the Sharks find the numbers to be a bit odd, they are still impressed with their profitable run over the last few months. After opening up about all their numbers, the Sharks remark on the CEO’s clarity and precision.
In the end, Amit gives them an offer and Vineeta and Anupam, although toying with the idea of giving an offer, back out after hearing the former’s. The founders eventually accept Amit’s offer.
FlexifyMe
The next startup to come to the Tank is a chronic pain management platform that combines physiotherapy, yoga and AI to give the best care for users from their own homes in their own language. The founders mention that they have 2000 subscribers from 26+ countries and they want to help people with chronic pain to live an easier life. The founders, lastly, ask for Rs 1 Crore for 2% equity of the company.
The founders give a demo of the software and how everything is done through the platform as well as the plan that is given to users in order to help them manage and better their pain. Vineeta tries out the product in real time and her score disappoints her. Moving on, Amit asks them how they differentiate between the various reasons people are unable to exercise and the founders mention the various questions that are asked before the exercises and the plans are provided to the users.
The Sharks next ask multiple questions that the founders are able to successfully answer and discuss their number of users and sales as well. After learning about their previous investor rounds, Namita gives an offer, followed by Amit. In the end, the founders choose Namita.
Shark Tank India Season 3 Episode 38 Review
The latest episode has been an entertaining ride with some fun and energetic founders who want to add something to their communities. These three startups have tried to create a market for their products and, for the most part, have wowed the Sharks and the audience as well. The episode itself is fun and light and without petty squabbles making you cringe and is thus an engaging affair that opens your eyes to new things to try out and makes you hopeful for India’s future.
You can watch the Shark Tank India Season 3 episodes now on SonyLIV.