Shark Tank India 3 – Investors baffled after pitchers of a sustainable fashionwear brand seek Rs 5 cr in return of 5% equity

Shark Tank India is one of the most loved business reality shows in India. Airing on the Sony LIV app, this show features famous businesspeople on the panel namely Aman Gupta, Namita Thapar, Anupam Mittal, Vineeta Singh, Peyush Bansal, and Amit Jain. Not only them, but the latest season also features the presence of new investors Deepinder Goyal, Radhika Gupta, Azhar Iqubal, Ritesh Agarwal, Ronnie Screwvala, and Varun Dua as investors. Together, they help young and budding entrepreneurs shape businesses in India. The latest promotional video of Shark Tank India Season 3 is out, and it showed pitchers of a sustainable fashionwear brand seeking Rs 5 crore in return for 5% equity. Know how the investors reacted.

Shark Tank India Season 3 latest promo

In the latest promo of Shark Tank India Season 3, we see the presence of Radhesh Agrahari, Muskan Sainik and Abhishek Verma, the founders of Golden Feathers. This brand aims to empower and transform the lives of tribal women. They promote sustainable practices by using handloom apparel and repurposing chicken butchery waste feathers into wool. These women create comfortable, durable, and stylish textiles, including shawls, blankets, and outerwear. Through these sustainable initiatives, the brand supports the economic and social well-being of tribal women.

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After listening to the pitch, the pitchers demanded Rs 5 crore in return for 5% equity in their company. Hearing this enormous valuation, the investors felt surprised.

Amit Jain wondered whether the products offered under the brand have a unique selling proposition (USP) or not. “Yeh koi naya invention nahi hai. (This is not a new invention,),” he said.

Also Read: Shark Tank India Season 3 - From Ronnie Screwvala to Deepinder Goyal, all you need to know about the new Sharks

On the valuation, Namita Thapar told pitchers that investors do not bank their money on “dreams or aspirations”. Namita then asked the pitchers about the company’s sales. The pitchers responded, “Rs 94 lakhs/year”. Namita then compared the valuation sought versus the company's sales.

Ritesh Agarwal told pitchers that they have a weak business-running sense. Only time will tell whether the brand cracked a deal on the show or not.

Also Read: Shark Tank India 3 – Deepinder Goyal criticizes a footwear brand’s design and rates it 2 out of 10; know why