Shark Tank India 2: A drone company formed while in college, earning 85 lakhs every month, sharks were surprised to hear the demand for funding
Shark Tank India 2: In the new episode of Shark Tank, we will see a team of 3 people seeking funding for a drone company. It can be seen in the trailer of the episode that the sharks seem quite impressed with their idea.
Highlights
- 3 young entrepreneurs arrived in Shark Tank India to seek funding for the drone company.
- Out of these, 2 boys have just left college while the girl is still in college.
- He has asked the sharks for Rs 75 lakh in exchange for 4 percent equity.
New Delhi. In the second season of Shark Tank India, we are getting a chance to see the ideas of different types of entrepreneurs. While many business ideas are brilliant, many are also failing to woo the sharks. In the trailer released for its next episode, a team of 3 people is shown pitching the idea for the drone company in the show. Among them, there are 2 men and one woman. Both the boys have just left college, while the girl is in her fourth year of college.
Shark appreciated this team a lot and Namita Thapar said that it is wonderful to see a girl on the team. These entrepreneurs have demanded Rs 75 lakh from Shark in exchange for 4 percent equity. When asked about the financial condition of the company, the entrepreneurs said that they had earned Rs 85 lakh last month. Also, he is hopeful that this year he will earn Rs 4 crore.
On hearing the Sharks’ praise
for their financial status, CarDekho.Com’s Amit Jain said, “Kya Baat hai.” At the same time, Piyush Bansal of Lanskart said, “I was feeling less and less.” In fact, it is often seen in Shark Tank that entrepreneurs demand too much funding compared to revenue generation and offer too little equity. In such a situation, asking these people for funding of 75 lakhs on earning 85 lakhs seems to have been liked by the sharks. Now it has to be seen whether the deal between the sharks and these entrepreneurs could be finalized or not.
Shark Tank India
This is the Indian version of the American show called Shark Tank. Its last season was very much discussed and it got a good success. In that season, BharatPe founder Ashneer Grover got a lot of fame and today he is very popular on social media. However, Ashneer is not a part of the show this season. Ashneer Grover said in a podcast that he dominated the first season and also pointed out why he could not reach an agreement with the makers of the show for this season.
