Three businesses appeared on Shark Tank India season 3 and presented their ideas to the sharks in the most recent episode. The first founder, whose business provided a variable mobility aid for individuals with joint and leg issues, was able to attend the episode. Amey asserted that his product would solve a number of medical issues. He requested 1.5% equity in 50 lakhs.
Namita later asked him about his product and whether he had any supporting scientific data. He claimed that out of 150 people who tried his product, 88 reported success. The sharks were unimpressed by the numbers and dubbed it a “placebo effect.”
Shark Tank India latest drama:
Amey Desai has the vision to make WALK accessible to every elderly person. Will Sharks invest in his vision?
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When Amey began to describe his long-term vision plan, several sharks expressed interest in his product, including Aman, Vineeta, Anupam, and Amit. In response, Vineeta said she would also be willing to offer 50 lakhs for 5% equity, matching Amit’s offer of 50 lakhs. Together, Anupam Mittal and Aman made him an offer of 50 lakhs in exchange for 5% equity. Next, Vineeta withdrew her offer and declared herself willing to accept 4% equity.
Amit went on to say that he would be willing to give five lakhs for a 3.5% equity. Later, Amit’s offer was matched by Aman and Anupam. Later on, Aman even made fun of Amit for lowering his demand for equity. “Bhindi bazaar kardia yaar,” he uttered. Aman’s one-liner made Vineeta, Namita, and the other sharks laugh. Amey then made the sharks another counteroffer, this time stating that he was willing to give 2.3% equity in exchange for 50 lakhs. After agreeing, the two sealed the deal.
For the unversed, Aman Gupta’s personal net worth is estimated to be around 720 crore, despite the fact that his sound accessories brand is valued at Rs 9800 crore. In 2020, he was named Entrepreneur of the Year. In Shark Tank India’s second season, he put in over 100 crore. Talking about Amit Jain, his journey is truly amazing, having gone from being a software engineer to a successful entrepreneur and now a Shark Tank India judge. Amit Jain’s enduring influence in the business world is cemented by his thriving business and substantial net worth of Rs. 3017 crores.
