New Delhi. Shark Tank India Season 2 has now reached its final stage. More than one entrepreneur appeared on the show and impressed all the sharks with their business idea. Many entrepreneurs came up with such business ideas for which sharks were seen fighting among themselves, while there were many pitchers whose business idea did not get any funding. A lot of fun and frolic was also seen in the show. Although pitchers from every corner of the country had reached the show, but something different was seen in the finale of the show. This time in the show, shark Vinita had come to take funding from the rest of the sharks for her business sugar. Let’s know what happened then-
Husband of Shark Vinita reached on the show of Shark Tank-
Shark Vineeta’s husband Kaushik reached the show and started telling about his show. After listening to which Shark Anupam said that youth like you who are trying to change the country. On this the shark Namita pulled him and said, well go ahead, all the sharks started laughing as soon as they heard this. After this, Shark Anupam asked Vineeta’s husband that you are really husband and wife, then Kaushik said yes, on which Shark Anupam asks why you guys started makeup business, especially Kaushik. .So Kaushik told that before this venture we have started many different business but later we had decided to do something together, Vineeta said that she wanted to start some work related to women. Whereas Kaushik had to start something in e-commerce, then together they started such a business which would deliver things to door-to-door people after ordering them online.
VINEETA SINGH FIT BODY | SHARK TANK INDIA | #leanbody #fitness #VINEETASINGH #sugarcosmetics #shorts #sharktankindia #sugarcosmetic #fatlossformula #bestexercisetoloosefats #vineetasingh #weightlosstips #fatlosssecret #SharktankIndiaseason1#SharkTankIndiaSeason2#sharktankindia pic.twitter.com/fYlevRhiIb
— Real Intelligence (@RealIntelligen3) Mar 4, 2023
5% equity for 5 crores
On the other hand, Shark Vinita told that her net revenue is 8 crores in which sugar is 3 crores and fab bag is 5 crores. The gross margin on sugar is 65 per cent. Whereas in the last month, net revenue of 75 lakhs has been done. On the other hand, talking about the valuation of Sugar brand in the last round, it is 15 crores, after listening to which Shark Amit said that now you have come to take a valuation of 50 crores.
A surprise in the tank! Watch the founders of SUGAR, Shark Vineeta Singh and Kaushik Mukherjee pitch their business idea to the Sharks. #SharkTankIndia season 2 streaming on Sony LIV.#SharkTankIndiaSeason2 #SharkTankIndiaS2onSonyLIV pic.twitter.com/1bo0BKR5t5
— Shark Tank India (@sharktankindia) Mar 11, 2023
On hearing this, Shark Anupam said that this has not become a ridiculous thing, directly valuation of 50 crores, how much is the risk on this, there is a margin of 5 percent, a sale of 75 lakhs has been done. If it has become 9 crores in a year, is there any growth in it or has it come just like that. After all this, Shark Namita and Shark Anupam praised Shark Vinita and agreed to give 2 percent equity for her ask of 1 crore. The deal was sealed with 5 percent equity for 5 crores.
Shark Vineeta Singh is brilliant at striking the right balance between her family and career.#SharkTankIndia season 2 streaming on Sony LIV.#SharkTankIndiaSeason2 #SharkTankIndiaS2onSonyLIV pic.twitter.com/w3dkXdVnGJ
— Sony LIV (@SonyLIV) Mar 11, 2023
Vineeta as Sugar CEO: Sugar is having good growth potential it demands a Rs.4000 crore valuation
Vineeta on Shark Tank: Your business has low net profit margin and I cannot value it at Rs. 5 crores
Me: ? pic.twitter.com/rnWx2H2tba
Saketh R (@saketh1998) Mar 5, 2023
Rethinking quitting into pivoting!
Get the official Shark Tank India book to learn more about the business philosophies shared by Shark Vineeta Singh.
Pre-order your copy now: https://t.co/H5sWIEFNxy#SharkTankIndiaSeason2 #SharkTankIndiaS2onSonyLIV pic.twitter.com/6V4JziP5oP
— Shark Tank India (@sharktankindia) Mar 10, 2023