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Shark Tank India 3: Aman Gupta and Peyush Bansal were confused whether Daak Room is a business or passion project.
The third season of the reality television show. shark tank india It recently premiered with six new ‘sharks’. In the last episode, all The judges received heartfelt letters from their loved ones, stirring emotions in the room. The presentation featured Daak Room, a company that promotes physical writing through its campaigns and products. After a thorough discussion about their business, the founders asked for Rs 36 lakh for a 4% stake.
The founders explained their plans and motivation for entering the business, citing the response of several celebrities. They said they also received encouragement from none other than Indian Prime Minister Narendra Modi, who wrote them a letter, appreciating the efforts of Daak Room and acknowledging their contribution in nation building and inspiring the younger generation.
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Impressed by the tonethe sharks were moved by his uniqueness, except Aman Gupta and Peyush Bansal. Haman said: “This used to happen in very ancient times. It’s not a business. I’m out because I don’t have the same passion for writing as you, so I won’t be able to add more value.” Piyush added, “I am unable to understand what exactly is the service being offered and what is their revenue model.” Peyush then advised the founders to transform Daak Room into a stationery brand, and Vineeta also agreed with him.
While Radhika Gupta and Aman opted out, Vineeta Singh and Ritesh Agarwal made offers. Eventually, the founders struck a deal with Ritesh for Rs 36 lakh in exchange for a 6% stake, with the condition that if they hit the projected revenue, the stake would be reduced to 5%.
This season, the four main judges, Anupam Mittal, Namita Thapar, Peyush, Aman and Vineeta, are joined by new additions: Deepinder Goyal, Founder and CEO, Zomato; Azhar Iqubal, co-founder and CEO of Inshorts; Ritesh, Founder and CEO, OYO Rooms; Radhika, MD and CEO of Edelweiss MF; Varun Dua, founder of ACKO; and Ronnie Screwvala, co-founder and president of UpGrad.
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First uploaded on: 10/02/2024 at 10:08 IST