This Shark Tank India Season 4 pitch had judges fighting over smart wearables brand. Who won the deal?
Shark Tank India 4, viewers witnessed some high-stakes negotiations that led to exciting offers for two innovative startups. Young entrepreneurs Sreekanth Kommula, Anand Kumar, and Kausthub Kaundinya caught the attention of the Sharks with their cutting-edge Smart Wearables designed for multiple industries.
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The team was seeking Rs. 50 lakh in exchange for 1% equity, but what followed was a series of dynamic offers and counteroffers, making it one of the most engaging pitches of the season.
The Sharks, including Ritesh Agarwal, Namita Thapar, and Aman Gupta, were quick to see the potential in the young founders' business. A standout moment occurred when Aman Gupta brought attention to a viral video of a traffic policeman wearing an AC helmet, which offered a much-needed relief from the harsh sun. The founders revealed that the helmet was their innovation, further establishing their credibility.
Intense Negotiations Lead to Multiple Offers
Namita Thapar was the first to make an offer, proposing Rs. 50 lakh for 2% equity, along with a 1% royalty until the Rs. 50 lakh was recouped. Not to be outdone, Ritesh Agarwal quickly countered with a more aggressive Rs. 1 crore for 3% equity, prompting Namita to adjust her offer to 1.5% equity. Meanwhile, Aman Gupta offered Rs. 50 lakh for 2% equity, later modifying his deal to 1.5% after further discussions.
