Shark Tank India 3: Anupam Mittal and Deepinder Goyal jokingly scold Namita Thapar about her deal; The former says, ‘I don’t see any sense in this deal but…’
In the latest episode of Shark Tank India 3, the co-founder of an audio-based platform and business came on the show and talked about his brand. He revealed that his audio-based product focuses on reducing kids’ screen time and still keeping them entertained. His demand was Rs 25 lakh for 2% equity of the company.
Namita, Vineeta and others requested him to let them use his product. The pitcher agreed with him and gave him his product. Vineeta praises their products and tells them that their quality is really good.She queries them on the features of their electronic headphones. Pitcher revealed that he has a subscription based audio for kids that not only entertains them but also educates them at the same time.
Later, Anupam, Aman and others ask him about his unit-economics, sales numbers, marketing, strategy and more. Pitcher talked openly about it and revealed that his company is a pre-revenue company. Later, Aman expressed his disappointment on the company and said that they are quite confused between being an electronic based or content based company. He could build something greater out of it, Deepinder agreed, so he’s out for the time being.
On the other hand, Vineeta says that younger children or parents would prefer YouTube rather than any type of audio device as it is cheaper and more convenient. Anupam agreed with him and said that they can either focus on Electron based products or audio content. However, Namita was quite interested in the business and revealed that she was willing to offer Rs 25 lakh for 5% equity in the company.