2 hours ago
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Peyush Bansal connected Shark Tank India 4.
A mother-son duo of entrepreneurs pitched their concern company, Raheja Solar Food Processing, connected the latest occurrence of Shark Tank India. They nutrient star heaters that tin adust each kinds of fruits, vegetables, and flowers that would usually spell to waste. They said that the manufacture is worthy $4 billion, and that nutrient worthy an estimated Rs 90,000 crore is wasted crossed the satellite each year. They asked for Rs 50 lakh successful speech of 1% equity, valuing their institution astatine Rs 50 crore.
They told the sheet of ‘sharks’ that they are aiming for Rs 15 crore successful gross this year, and a nett of 10%. In summation to producing their machines, they besides nutrient and merchantability dried fruits and vegetables. But the nutrient worldly accounts for lone 10% of their revenue. They assured Kunal Bahl that their superior concern is selling machines. They said that they spouse with Reliance Foundation and the Tata Group to scope retired to struggling farmers who suffer wealth each twelvemonth owed to nutrient wastage. They said that 15% of each nutrient goes to discarded each year, and that this is 1 of the biggest causes down husbandman suicides.
Aman Gupta and Anupam Mittal backed retired of the deal, with Anupam doubting the concern connected a foundational level. “This is not a business. It’s a passion, but if you look astatine it arsenic a business, you volition fail,” helium said. Peyush Bansal and Vineeta Singh, however, saw an accidental and decided to marque a associated connection of Rs 50 lakh, but astatine a Rs 25 crore valuation. Kunal jumped into the woody aft cautiously weighing the financials, but said that helium doesn’t marque small-time deals. “I’m not funny successful 1 oregon 2 percent,” helium said, offering the founders 2 options. He said that they could either instrumentality Rs 2 crore for 10% equity, oregon Rs 1.25 crore for 5%. In some cases, the valuation would beryllium Rs 25 crore.
The founders countered by asking if the ‘sharks’ could hold connected a Rs 40 crore valuation, arsenic they didn’t privation to bash incorrect by older investors. Vineeta and Peyush said that they were consenting to travel together, but assumed that Kunal wasn’t funny successful joining hands. He said that helium was acceptable to articulation hands for a 7% equity stock betwixt the 3 of them, arsenic it wouldn’t impact his terms.
The founders yet agreed to Rs 1.75 crore successful speech of 7%, and were assured that the divided would beryllium designed truthful that their older investors don’t suffer retired connected the Rs 40 crore valuation. And with that, the woody was sealed.
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