Shark Tank India 4: Did THIS Shark Reject Ritesh Agarwal?
Ritesh Agarwal told an encouraging story about being rejected by a panellist in his early days on the current episode of Shark Tank India. Read on to discover who.
On Season 4 of Shark Tank India, OYO Rooms founder Ritesh Agarwal discussed his hardships as a young entrepreneur. While mentoring new startups, Ritesh revealed that Snapdeal co-founder Kunal Bahl, now a Shark, rejected him.
Ritesh said, “Investors rejected me too. Kunal Bhai also declined. Good pals now. Back then, I had no background. From a little city. Still, I believed in taking risks, like you.” He shocked pitchers and Sharks with his narrative.
Sweet Pitch That Stole the Show
Jodhpur cheesecake entrepreneurs Pooja Balani and Narpat Singh Rathore gave an excellent pitch in the show. The pair demanded ₹30 lakh for 5% shares in their business. Sharks loved their story, passion, and wonderful product.
Pooja told a comical but motivating brand-starting story: “I was scared of getting married, so I made cupcakes. Initial results were poor. I succeeded after much work and sold them.” Her parents constructed a Shaadi.com profile for her, which made everyone giggle.
Anupam Mittal liked their branding and community building, although he was worried about their sweets’ sugar level. Inspired by their narrative, Ritesh Agarwal gave ₹30 lakh for 7.5% equity. Pooja and Narpat rejected the deal, but Ritesh’s confidence in them touched them.
Ritesh gave them his contact information and offered to mentor them, exhibiting his kindness and eagerness to help.
About Shark Tank India 4
Shark Tank India Season 4 premiered on Sony LIV on January 6. The panel features returning Sharks Anupam Mittal (Founder and CEO of People Group), Aman Gupta (Co-Founder and CMO of boAt Lifestyle), Namita Thapar (Executive Director of Emcure Pharmaceuticals), Peyush Bansal (Lenseskart Co-Founder and CEO), and Ritesh Agarwal. Snapdeal co-founder Kunal Bahl is the new face this season.
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