Aman Gupta, co-founder of boAt Lifestyle, responded to the pitch from Burger Bae’s founders on Shark Tank India with a humorous remark. During their pitch, Rohan Kashyap, one of the founders, shared his ambition to transform Ludhiana just as Narayana Murthy transformed Bengaluru. “Mujhe Ludhiana ka Narayan Murthy banna hai,” Rohan said. To this, Aman Gupta replied, “Sahi hai, bas 70 ghanta kaam karna padega,” referencing Murthy’s famous 70-hour workweek. The founder jibed in saying he was even willing to work 100 hours a week if needed.
Burger Bae’s founders sought Rs 1 crore for a 2.5% equity stake, valuing their business at Rs 20 crore. They shared that their revenue was set to reach Rs 15 crore this year, though Rohan revealed the brand had faced bankruptcy issues due to an early partnership gone wrong. He had to buy out a difficult investor after borrowing money from his family.
Namita Thapar and Viraj Bahl backed out, citing concerns over Rohan’s understanding of numbers and the early stage of the business. Anupam Mittal, Kunal Bahl, and Aman Gupta were interested, with two offers on the table: Rs 1 crore for 10% equity or Rs 2 crore for 20%. The founders ultimately accepted the latter, sealing a Rs 2 crore deal for 20% equity.
Gaurav Taneja takes a dig at Shark Tank India
Meanwhile, youtuber Gaurav Taneja, known as Flying Beast, recently took a playful jab at Shark Tank India after his pitch for his protein powder brand, Beast Life, was rejected on the show. In his latest vlog titled “Inke Gao Mein Deal Pakki Ho Gayi,” Gaurav documents his journey across several villages in Rajasthan, where he successfully secured a business deal for his dairy brand, Rozier.
During his appearance on Shark Tank India, Gaurav asked for Rs 1 crore in exchange for a 1% equity stake in Beast Life. However, the Sharks expressed skepticism about his commitment to the brand, given his involvement in multiple business ventures. Anupam Mittal, one of the Sharks, even advised Gaurav to stop working on YouTube and focus solely on his startup.