Shark Tank India Season 4: IIT dropout pitcher with only Rs 4000 in his account gets brutal advice from Aman Gupta
Shark Tank India Season 4, Ayush Chauhan, a young entrepreneur and the founder of Dacby Technologies, faced the brutal honesty of the show's investors, or 'sharks', as he pitched his gaming re-selling business. Ayush, who had dropped out of the prestigious Indian Institute of Technology (IIT) to start his business, revealed that he buys and resells used gaming consoles and accessories online.
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He initially convinced two of his classmates to join him, but as their peers secured high-paying jobs and his business struggled, tensions arose. Eventually, Ayush bought out his co-founders, accumulating significant debt in the process.
A Business Running on Losses
Despite raising Rs 2 crore in previous rounds of funding, Ayush shared that his business was now operating at a loss, with only Rs 4,000 left in his personal bank account. He revealed that he hasn’t drawn a salary for over a year and is surviving on a monthly allowance of Rs 30,000 from his father.
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As he pitched his company, he sought Rs 75 lakh in exchange for just 2.2% equity, valuing Dacby at Rs 34 crore. His company was burning through Rs 5 lakh each month, with a significant portion of this going towards salaries for 16 employees. With just Rs 15 lakh left as his runway, Ayush's financial struggles were evident.
The Sharks' Mixed Reactions
Whil
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