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MUMBAI: Shark Tank India's third season included entrepreneurs from a variety of industries, such as food and fashion, showcasing their creative ideas. They were able to obtain funding from the Sharks thanks to this platform, which produced an engaging exhibition of innovative ideas and ventures. According to the most recent advertising materials, the founders of Nemo Care, Why So Blue, and Coratia Technologies will meet with the sharks.
(Also read: Shark Tank India 3: Founder shocks everyone asking for Rs 1250 funding, ‘never seen anybody like you’)
Coratia Technologies, one of the pitches highlighted in the most recent marketing materials, created a stir with its innovative underwater robotics that specializes in inspection services. However, when revenue estimates surfaced up, the conversation between the founder and Shark Peyush Bansal unexpectedly changed, exposing the realistic nature of investment discussions.
Peyush said, “Agar main abhi aapko 5 crore dedu toh agle saal aap 50 crore ka revenue toh kar hi lenge. Toh aap mere se kyun lenge, aap debt lelo ja kar. (If I give you 5 crores right now, next year you'll easily make 50 crores in revenue. So why take it from me? Go get a loan instead).”
Why So Blue, a sustainable clothing brand faced scrutiny from the Sharks, particularly Radhika Gupta, whose initial skepticism was challenged by the evolving trends in fashion. The conversation highlighted the importance of adaptability and market relevance in the fashion industry. Radhika Gupta remarked, "This isn't something to wear outdoors." Vineeta interjected, stating, "These days, people wear such co-ords outside. Whether you like the fashion or not is a different matter." Radhika insisted, "Let me finish."
In addition, Pareddy and Sanker, the founders of Nemo Care, discussed their objective of saving more than 10 lakh infants. They unveiled their medical baby monitoring device, which enables medical professionals to quickly assess a baby's health and monitor vital signs from a distance. When Aman Gupta, an investor, inquired about the distinctive features of their gadget, they highlighted its usefulness, particularly in areas where conventional incubators are hard to come by. When Radhika Gupta revealed a personal experience, the atmosphere shifted, "Meri jo neck ki issue hai vo iss karan hai kyuki main incubator mein paida hui thi. (I have a problem in my neck because I was kept in an incubator as a newborn)."
This personal encounter prepared Gupta to inquire about the venture's financial performance and ask why sales hadn't increased significantly over the previous six years.
The promo’s caption, “#Nemocare's innovative monitoring device, #WhySoBlue's sustainable clothing wear, and #CoratiaTechnologies's innovation in underwater robotics! Which home-grown brand will the Sharks bet on? Stream new episodes of Shark Tank India Season 3, from Mon-Fri 10 PM, on Sony LIV.”
(Also read: Shark Tank India 3: Can FarmDidi secure investment from sharks despite the absence of an action plan?)
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Credit- Pinkvilla
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