PremiumShark Tank India: Aman Gupta reveals the deal on the show that gave him FOMO
Aman said that although he did not invest in this company, he had later regretted his decision
Last Updated: 05.39 PM, Apr 05, 2022
On the Shark Tank India stage, a lot of entrepreneurs had to walk away empty-handed after failing to impress the sharks and secure a deal. But it seems that the contestants were not the only ones who had to leave the show disappointed. Shark and boAt co-founder, Aman Gupta revealed that there were moments on the show where he felt disappointed and feared missing out.
In a conversation with Tanmay Bhat, Rohan Joshi and Sahil Shah, Aman said that the company he regretted not investing in was the State Plate, a brand that offered food products from different regions of India. On the show, Aman had declared himself ‘out’ as the industry was competitive and complicated. But the entrepreneurs walked away with a deal from Lenkskart CEO and founder, Peyush Bansal.
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Aman also talked about how in the small time frame when they hear a deal and have to make a decision, a lot of emotions and other factors come into their minds. Namita Thapar, who was also a part of the interview, reminded Aman that the two had discussed the deal and had said that the entrepreneurs did not have a ‘focus’. To that, Aman replied that he had ‘FOMO (Fear Of Missing Out)’ and joked that he went to Peyush and asked if he could have a share in the deal.
Aman also said there were deals made on the show, which would not ‘go through’. The sharks pay due diligence in checking the company after they appeared on the show and at times, it may so happen that the entrepreneurs would have ‘exaggerated’ their numbers during their pitches. The commitments sharks made on the show were ‘soft commitments’, and they would express due diligence related to them before the deal could go forward.
Catch the whole first season of Shark Tank India on SonyLIV.