Kyari pitcher Agam Choudhary reveals Shark Tank India 4 makers misrepresented them: ‘We were made to look like we didn’t have capital’

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Calling his acquisition fabulous, Agam Choudhary explained wherefore helium boldly rejected Kuna Bahl’s connection of Rs 4 crore. He explained, “Our mindset was precise antithetic astatine that time. We were not focusing connected the magnitude not being determination successful a bank. During the pitch, we besides mentioned that we had a bully magnitude of CC (Cash Credit) limit. Considering each the numbers, we had backing for 6 to 7 months. The mode the occurrence was enactment unneurotic suggests we didn’t person capital. If that was the case, however would we person survived to date? It was propaganda, and we didn’t person overmuch clip to explicate the nitty gritty. It was shown wholly differently. We were precise wide with our valuation, and we tried to negotiate, but they were not ready. Considering each the scenarios, we conscionable fto spell of the deal.”

He besides opened up astir however the ‘sharks’ tried diluting their company’s valuation. “People astir maine were not astonished erstwhile I did not instrumentality the deal. The valuation was not good. It was little than the erstwhile round’s valuation too. We person grown multi-fold successful the past year. Our valuation was acceptable astatine Rs 50 crore successful the past circular we raised successful October 2024. In March, we raised funds astatine a valuation of Rs 70 crore. After Shark Tank, we are earning Rs 3.5 crore each month. The benignant of valuation they were offering was not good. So, I person nary regrets astir rejecting the deal.”

Agam Choudhary further shared however Vineeta Singh’s prediction astir their slope taking distant their CC bounds successful 3-4 days turned retired wrong. He said, “No, the CC bounds is inactive on. In fact, it has been enhanced.” Talking astir however they person benefited from the show, Agam added, “We person gotten tons of inbounds from antithetic radical done tons of channels. We person present expanded connected different e-commerce platforms. Shark Tank India has helped america summation the spot of each radical offline, and we are present catering to nurseries too. Lots of enlargement has happened owed to Shark Tank India.”

On a parting note, Agam stated, “We person gotten assertive successful increasing the marque now. We person gotten bully responses from investors too. Shark Tank India has grown marque consciousness for us, and this twelvemonth volition beryllium rather astonishing for us.”