Shark Tank India 2: In the latest episode of the business reality show, Bhavya Madan and Riya Rustagi introduce their brand of headbands which they call ‘Brain Ka Smartwatch’. They tell Shark that the EEG headband tracks stress and helps with focus and mood. For this, Bhavya and Riya asked for Rs 1 crore for 2 per cent equity. Vinita Singh boycotted. Namita Thapar offered Rs 1 crore for 6.6 per cent equity. Anupam Mittal, Founder and CEO of Shaadi.com is also accompanying them.
Soon Mittal and boAt’s co-founder and CMO, Aman Gupta, get into an argument, during which Anupam calls Aman a ‘fekuchand’ (arrogant person). Aman and Piyush Bansal made an attractive investment offer of Rs 1 crore for 5.4% equity to the founders of EEG Headband which Anupam didn’t like.
Namita Thapar, after hearing founders Bhavya and Riya’s business idea, said, “I would like to make you an offer. Rs 1 crore for 6.66 per cent equity.”
Bhavya and Riya sought an investment of Rs 1 crore for 2 per cent equity. However, Anupam takes a dig at Namita’s investment proposal, saying, “I propose you to invest in my company and make it big. And she proposes to invest in your company and make her company big.”
Finally, Aman discussed with Piyush Bansal and offered him Rs 1 crore in lieu of 5.4 per cent. Anupam said, “These are all ‘Fekuchand’ and there is no need to listen to them.”
Bhavya and Riya accepted the proposal.
Apart from Anupam and Aman, ‘Shark Tank India 2’ is judged by Piyush Bansal (Founder and CEO of Lenskart.com), Namita Thapar (Executive Director of Emcure Pharmaceuticals), and Vinita Singh (Co-Founder and CEO of Sugar Cosmetics). is done. and Amit Jain (CEO and co-founder of CarDekho Group and InsuranceDekho.com).