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Shark Tank India: Aman Gupta gets into a nasty fight with Peyush Bansal, ultimately makes a joint deal with him as he tells founder ‘I’ll do it for you’
Shark Tank India 3 saw Aman Gupta and Peyush Bansal get in a nasty fight as they tried to partner with a cyber security app.
Aman Gupta on Shark Tank India.
Shark Tank India Season 3 has seen some really savvy entrepreneurs this season, and in one of the episodes, a founder pitched her business called AI Kavach, which has the ability to detect fraudulent websites, calls and messages so users don’t get scammed while browsing online. Pratyusha, the founder of AI Kavach, made an excellent pitch on Shark Tank India and the investors were so impressed by her that at one point, Aman Gupta and Peyush Bansal were fighting to get her business.
At the start of her pitch, Pratyusha declared that our devices are always listening to our conversation, which is why one ends up getting ads for the products they are referring to in real life. Her security system identifies the fraudsters and alerts the user when they are on the verge of being scammed. Pratyusha came in asking for Rs 50 lakh for 1.25 % of the company, valuing it at Rs 40 crore.
All the ‘sharks’ admitted that they have gotten fraudulent calls and even the employees in their companies have been subjected to some scams. Pratyusha claimed that her tool currently provides 90% accuracy and said that she wants to make it into a B2B business but the ‘sharks’ were not sure about her strategy. Despite that, Aman Gupta was the first one to jump in with an offer. He declared, “Paise toh aapke paas mere se zyada honge but mere paas aapse zyada India mein dhanda karne ki sense hai. (You will surely have more money than me but I have more sense of making a business in India.) I can help you.” Earlier in the episode, Pratyusha said that she has worked in many global security companies and has over 18 years of experience in the field.
Aman gave her an offer of Rs 50 lakh for 4% of the company, valuing her business at Rs 12.5 crore. Peyush Bansal also jumped in and made his pitch to Pratyusha, as to why she should partner with him. In the end, he promised her the same offer that she asked for. Aman also came back in the game and matched his offer with Peyush. He held up his smartwatch, made by his own company, and implied that this requires more technology than his glasses, which are made by Peyush’s company. “Main zyada fenkta nahi hun par…” Aman said.
When both ‘sharks’ started fighting for this pitch, Pratyusha gave them a counter offer to join hands as she decided to give away 5% of her company for Rs 1 crore. When Vineeta Singh asked her to think again, Pratyusha acknowledged the immense wealth of experience that exists with the ‘sharks’ and made a deal with them. Peyush was ready for the deal, but Aman entered the deal by announcing, “I will do it for you.”