Premium

Shark Tank India 4: Fae Beauty founder, who lost Rs 80 lakh in first year, Rs 2.5 cr in second year, impresses Anupam Mittal

The founder of Fae Beauty asks for a bold Rs 1 crore for 1% equity after losing Rs 80 lakh in the first year and Rs 2.5 crore in the second year.

Anupam Mittal impressedby Fae beauty founder. (Photo: Sony LIV/YouTube)

Shark Tank India is all set to return with its fourth season on January 6. This year too several entrepreneurs will pitch their business to the ‘sharks’ with an aim to secure investment. Among the many entrepreneurs, the season will witness a pitch by the founder of Fae Beauty, Karishma Kewalramani, who will ask Rs 1 crore for 1% equity in her business despite her company suffering massive losses.

The makers of the show shared a teaser giving a glimpse of Karishma pitching her business to the ‘sharks’. In the teaser, she can be heard saying, “Fae Beauty… free and equal beauty.” The next frame shows Piyush Bansal say, “I am curious to know your sales.” She quickly replies, “First year, we earned Rs 30 lakh at a loss of Rs 80 lakh. After this, we earned Rs 3.3 crore at a loss of Rs 2.5 crore.” Hearing the losses, Namita Thapar quickly asks, “How will you compete in terms of scale?” Karishma confidently replies, “I will dilute myself, but I will keep my company going. It is going to work.” Anupam Mittal salutes as he hears this.

ALSO READ | Former Shark Tank India judge Ashneer Grover trademarks his name, netizens compare him to Kunal Bahl

Story continues below this ad

Speaking about her pitch, Karishma Kewalramani said, “Pitching to the ‘sharks’ on Shark Tank India is truly a surreal experience. I can’t deny that I was a bundle of nerves before filming, but I knew I had a unique story to tell and a brand that could make a real difference in the beauty industry. I believe that everyone deserves to feel seen, heard, and represented. Every individual, with every skin tone or type, deserves to feel beautiful. And at FAE, we’re creating products that are affordable, accessible, innovative, and effective – for this exact purpose. We’re not just a makeup brand; we’re a movement towards ensuring inclusivity in the industry, and Shark Tank India has given us the opportunity to take our brand to the next level and reach even more people with our core message of inclusivity and self-acceptance.”

Season 4 of Shark Tank India will feature Anupam Mittal – Founder and CEO, People Group (Shaadi.com); Aman Gupta – Co-Founder and CMO, boAt Lifestyle; Namita Thapar – Executive Director, Emcure Pharmaceuticals; Ritesh Agarwal – Founder and Group CEO, OYO; Peyush Bansal – Co-Founder and CEO, Lenskart; Vineeta Singh – Co-Founder and CEO, SUGAR Cosmetics; Azhar Iqubal – Co-Founder and Chairman, Inshorts; Varun Dua – Founder and CEO, ACKO; Kunal Bahl – Co-Founder, Snapdeal and Titan Capital, Promoter Unicommerce; and Viraj Bahl – Founder and Managing Director of Veeba/VRB Consumer Products as ‘sharks’/judges.

Click here to follow Screen Digital on YouTube and stay updated with the latest from the world of cinema.

As Bihar SIR sparks concern in Tamil Nadu, EC fires back: ‘Absurd to connect the two’

Political Pulse3 hr ago

EC denies allegations of adding migrant workers from Bihar to Tamil Nadu's voter lists, stating that the SIR exercise is being deliberately obstructed. DMK and allies accuse the EC of attempting to change the state's political demographics. Former Union Minister P Chidambaram calls it an "abuse of power" and urges for political and legal action.

View all shorts

More Entertainment

Entertainment With Shah Rukh Khan winning his maiden National Award, the jury surprisingly showed both spine and sense. But what about us?