Something similar happened again recently. Recently in Shark Tank India 2, pitchers Geetika Gupta and Anand Gupta came up with their business idea. He is the co-founder of India’s first Parantha and Pakoda company. Judges Namitha Thapar, Piyush Bansal and Aman retired after Geetika and Anand Gupta’s presentation and discussion of the business deal. Anupam Mittal also backed out of the deal saying he would not get good returns from the deal.
Namitha Thapar, Aman mocked
But Amit Jain became interested in Geetika and Anand Gupta’s idea and started asking them question after question. Seeing this, Aman tells the pitchmen Geetika and Anand, if Amit doesn’t invest in your business despite asking so many questions, take them and beat them. Hearing this, Judge Namitha Thapar said, ‘Or we will do this on your behalf’. Hearing this, all the judges started laughing.
The deal was fixed at Rs 75 lakh and 5% equity
Later, Amit agrees to invest in Jain, Geetika and Anand’s project. He agrees to lend Rs 50 lakhs and Rs 25 lakhs in front of them at 5% equity. But Geetika and Anand make counter offers to this. After many attempts, the deal breaks down. Amit Jain closes the deal with Geetika and Anand for 5% equity and Rs 75 lakhs.