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Namita Thapar connected Shark Tank India 4.
A joined mates named Samiksha and Rahul pitched their underwear detergent marque Ugees connected the latest occurrence of Shark Tank India. They said that their products are chiefly targeted astatine women who aren’t comfy putting their undergarments successful the washing machine, but not earlier Anupam Mittal grilled them astir the necessity of the products. He said, “Have you heard of washing machines? You get each kinds of detergents arsenic well; clean, green, everything successful between. Put immoderate disinfectant, and you’re done. Why are you complicating these things.”
But the founders explained to him that their superior customers are women, who seldom similar washing their undergarments on with different clothes. They besides told Anupam that during their periods, they simply can’t chuck their undergarments on with the remainder of the batch. Anupam said that they should’ve mentioned these points during their pitch, which was chiefly demonstrated with a antheral idiosyncratic basal successful mind. Namita Thapar besides acknowledged the value of detergents specified arsenic this, and said that vaginal infections are highly communal successful women due to the fact that their undergarments aren’t arsenic cleanable arsenic they request to be. “If you had picked that angle, you couldve convinced investors successful a amended way,” she told the founders.
Rahul and Samiksha had pitched Ugees arsenic a merchandise for men, which confused the ‘sharks’. But they had mentioned the hazard of corruption that radical often person to woody with. They asked for Rs 50 lakh successful speech of 2.5% equity, valuing Ugees astatine Rs 20 crore. They said that they are targeting gross of Rs 4 crore this year, and program connected expanding gross to Rs 4 crore per period successful the future. Peyush Bansal advised them to necktie up with lingerie brands, similar footwear polish companies necktie up with footwear brands. But helium backed retired of the deal, arsenic did Ritesh Agarwal.
Namita said that she was going to backmost retired arsenic well, but she joined hands with Aman Gupta and offered the founders Rs 50 lakh, but for 6% equity. Anupam Mittal offered them Rs 50 lakh for 5%, but aft they negotiated with him, helium brought his inquire down to 4%. The mates accepted Anupam’s offer, and walked distant with a bully deal.
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