Shark Tank started with a rough blow with entrepreneurs from Hyderabad with their electric bicycle startup, Gear Head Motors. They have won the heart of Aman Gupta, which reminded him of his starting days with his co-founder Sameer Mehta. Their ask was 75 lakhs for 3% equity. After a long negotiation, Peyush and Aman came forward to invest 1 crore together for 6.67%, hence the deal was done.
The following startup was based out of Mumbai. PatliKaki, a snack startup with two school dropouts and a mother came forward to pitch their idea in front of the sharks. The Shark Tank judges were surprised to see a 21-year-old help his mother out with her idea. A dropout, who learned coding at a young age left school after boards. A jaw-dropping moment for all sharks.
The ask was 40 lakhs for 2% equity. Anupam was surprised with 40 lakhs for 5% equity. Aman joined in the negotiation at the same rate. He insisted he would go solo with this deal. The deal was finally done with Peyush and Anupam at Anupam’s rate.