Shark Tank India: Aman Gupta, Ashneer Grover, Vineeta Singh team up to avoid bidding-war, offer more than what was asked. Watch pitch here

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In a coronary heart-warming pitch on Shark Tank India, a Darjeeling woman with a frozen momo industrial, impressed the overall panel alongside with her product and her demeanour, prompting three ‘sharks’ to particular passion in investing in her industrial.

Describing herself as the ‘Momo Mami’ of Delhi, the entrepreneur requested for Rs 50 lakh as investment, in substitute of 5% fairness in her industrial. She first gave a demo of her frozen momos, which impressed the sharks greatly.

Ashneer Grover, the co-founding father of BharatPe, kicked things off with an provide of Rs 50 lakh, but requested for 7% fairness. He said that his provide will without lengthen race off the table if the entrepreneur stores around for quite just a few affords. Anupam Mittal, the co-founding father of Shaadi.com, and Namita Thapar, the governmentdirector of Emcure Prescribed medicines, dropped out, citing quite just a few causes.

Vineeta Singh, the co-founding father of Sugar Cosmetics, supplied the entrepreneur Rs 50 lakh, but requested for 20% in fairness. The entrepreneur grew to change into down the provide. Aman Gupta, the co-founding father of boAt, silently consulted with Ashneer within the background, and supplied to collaborate with him in offering the Rs 50 lakh that the entrepreneur used to be asking for, in substitute of 12% fairness.

After consulting alongside with her co-founders, the entrepreneur countered with two ideas–Rs 50 lakh for 10% fairness or Rs 75 lakh for 12%. Ashneer told her now now not to compile greedy, but within the intervening time, Vineeta said that she’d are looking out out for to put Rs 25 lakh into the fold to boot. The entrepreneur needed to be pleased between two affords–Rs 50 lakh for 12% or Rs 75 lakh for 16%. After briefly consulting alongside with her co-founders again, Momo Mami agreed to the 2nd provide, and left with three cheques in her hand.

When requested why she took the 2nd provide, she said that as a girl, she wished to non-public one other woman focused on her industrial. Vineeta rushed over and gave her a hug.

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