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Aman Gupta connected Shark Tank India 4.
A ‘serial entrepreneur’ with a proven way grounds pitched his boba beverage company, Boba Bhai, connected the latest occurrence of Shark Tank India. He said that helium presently operates 40 outlets successful respective Indian cities, and plans connected taking the concern global. The founder, Dhruv, told the sheet of ‘sharks’ that helium managed to rise Rs 30 crore astatine a post-money valuation of Rs 110 crore purely based connected his palmy past. He besides raised Rs 3 crore from Kunal Bahl, who excused himself from the transportation and watched from the sidelines.
Dhruv near the ‘sharks’ jaws connected the level with his inquire of Rs 50 lakh against .3% equity, valuing Boba Bhai astatine a whopping Rs 167 crore. He said that helium is projecting gross of Rs 30 crore this year, aft being successful cognition for conscionable a year-and-a-half. Aman Gupta was mystified aft Dhruv told the sheet that helium raised his archetypal circular of concern astatine a valuation of Rs 40 crore, erstwhile his income were astir Rs 60 lakh per month. “Main ussi pe hairaan hoon. Kuch dekhte nahi hai sochte nahi hain kya investors?” helium said, arsenic Kunal laughed from the greenish room. And portion Aman enjoyed the beverages, helium wasn’t arsenic impressed by Boba Bhai’s food. “Tera burger toh koi khaas nahi hai bhai,” helium said.
But helium was besides impressed by Dhruv’s pedigree. “Bhai tu toh khiladi hai,” helium said, and Anupam Mittal agreed. “You recognize business,” helium said, but expressed his suspicion that Dhruv had travel connected the amusement lone to marketplace his brand. “You’re present for branding. Who volition springiness you 50 lakh for .3%. I wouldn’t adjacent determination my seat for that amount,” Anupam said. Aman backed retired of the woody arsenic well, saying, “I’m retired due to the fact that I don’t deliberation you request my money. I’d alternatively walk my wealth connected idiosyncratic who needs it. Or I tin simply enactment Rs 3 crore of my ain wealth and commencement my ain boba brand.”
The occurrence besides marked the debut of Viraj Bahl, the laminitis of Veeba. He expressed involvement successful investing, and offered Rs 90 lakh for 1% equity, bringing the valuation down to Rs 90 crore. Namita Thapar joined him, and Dhruv accepted the woody aft immoderate negotiations. Kunal returned to his seat, and said that they got a large woody due to the fact that the boba marketplace is exploding. He said, “In China alone, determination are 2 multi-billion dollar boba brands.” Namita felt validated, portion Anupam and Aman commiserated. “Let’s enactment successful Rs 3 crore each and commencement our ain boba brand,” Anupam said, and Kunal offered them a name: ‘A-Pop’.
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