Shark Tank is an Indian version of the popular American reality TV show, Shark Tank, where entrepreneurs pitch their business ideas to a panel of investors or “sharks.” In this article, we will highlight the key moments from the Shark Tank Season 2, episode that aired on February 28, 2023. We will discuss the pitches made by the entrepreneurs and the reactions of the sharks toward them.
1.The Affordable Crafted Beer Pitch:
The first pitch was made by Vijay Sharma and Tarun Bhargava, who run a brand that sells affordable crafted beer. They asked for Rs 1 crore for 0.75 percent equity with a valuation of Rs 133.33 crore. While the Sharks were initially interested, they ultimately declined to invest as they felt they didn’t have the necessary expertise in the alcohol business.
2.The Ice Cube Brand Pitch:
The second pitch was made by an ice cube brand that offers various types of ice such as cubed, artisan, crushed, and gourmet. They asked for Rs 80 lakh for 15 percent equity with a valuation of Rs 5.33 crore. While the Sharks were impressed by the product, they didn’t see a future in investing in the brand.
3. The AI-Based Vehicle Booking Platform Pitch:
The third pitch was made by Girish Nagpal and Kaaman Agarwal, the founders of an AI-based vehicle booking platform. They asked for Rs 75 lakh for 1 percent equity. The Sharks were shown a live demo of the product to understand how it works. Amit Jain gave the entrepreneurs some advice on how to improve their platform, but ultimately, all the Sharks opted out.
4. The Skill-Based Startup Pitch:
The last pitch of the day was made by Arvind Arora, who owns a skill-based startup. He revealed that he started the business after one of his students attempted suicide. His app also provides courses with jobs. He asked for Rs 40 lakh for 2 percent equity with a valuation of Rs 20 crore. The Sharks were a bit confused by his pitch, and all of them opted out.
Who are the Sharks in Season 2?
Shark Tank Season 2 is hosted by comedian Rahul Dua, and there are six sharks on the panel. Anupam Mittal, the Founder-CEO of Shaadi.com; Aman Gupta, the Co-Founder-CMO of boAt; Namita Thapar, the Executive Director of Emcure Pharmaceuticals; Vineeta Singh, the Co-Founder-CEO of SUGAR Cosmetics; Peyush Bansal, the Founder-CEO of Lenskart.com, and Amit Jain, the Co-Founder-CEO of CarDekho Group and InsuranceDekho.com. Amit Jain replaced Ashneer Grover in Season 2.