Shark Tank India Season 2: Indian Drone Company Run by Kids Leads to Huge Bidding War

Home LeisureShark Tank India Season 2: Indian Drone Company Run by Kids Leads to Bidding War Between Namita, Peyush, Aman And Amit

Shark Tank India Season 2: Three children from the Vellore Institute of Technology pitches their start-up, a drone manufacturing firm to the sharks and finally ends up getting two provides with Peyush and Aman on one facet and Namita and Amit on the opposite.

Shark Tank India Season 2 Indian Drone Company Run by Kids Leads to Bidding War Between Namita, Peyush, Aman And Amit

Shark Tank India Season 2: In the newest episode of Shark Tank India, contestants impressed the sharks a lot that 4 of them ended up having a bidding conflict to fund them. Three younger entrepreneurs — Oshi Kumari, Arth Chowdhary, and Devyant Bhardwaj from the Vellore Institute of Technology pitched their drone enterprise to the sharks. They launched themselves as the primary Indian drone firm and claimed that each one the drones which can be utilized in India thus far are exported from international nations. They left the Shark Tank 2 judges in awe of their revolutionary enterprise idea of constructing drones reasonably priced to clients and introducing them in buying malls.

Oshi, Arth, and Devyant revealed that they began their firm Team InsideFPV with an funding of simply Rs 5,000 and now they anticipate the sharks to speculate Rs 75 lakh in change for a 4 per cent fairness of their firm. While their enterprise mannequin intrigued the sharks, Anupam Mittal refused to speculate saying that it isn’t a enterprise that may be scaled as quickly, as many different corporations would begin manufacturing the identical. However, Peyush Bansal and Aman Gupta got here collectively to supply them an quantity in lieu of 20 per cent fairness. Later, Namita Thapar and Amit Jain additionally offered a joint supply and requested for a 15 per cent fairness with Rs 75 lakh of funding.

The sharks stated they had been investing of their enthusiasm and spirit as younger entrepreneurs who’re nonetheless finding out. They additionally appeared impressed with the thought of them gaining natural enterprise through their web site, with out indulging in any B2B campaigning.

Shark Tank India Season 2 has created a variety of chatter on social media with its pitches and folks. The present is in its third week and is judged by Anupam Mittal (Founder and CEO of Shaadi.com – People Group), Aman Gupta (Co-Founder and CMO of boAt), Namita Thapar (Executive Director of Emcure Pharmaceuticals), Vineeta Singh (Co-Founder and CEO of SUGAR Cosmetics), Peyush Bansal (Founder & CEO of Lenskart.com), together with new shark – Amit Jain CEO and Co-founder — (CarDekho Group, InsuranceDekho.com. You can watch the present from Mon-Fri on Sony TV at 10 pm. Watch this house for all the newest updates on Shark Tank India Season 2!

Published Date: January 19, 2023 7:26 AM IST

Updated Date: January 19, 2023 8:09 AM IST