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Anupam Mittal revokes ‘ameeron ke chochle’ and ‘phuddu product’ comments as Shark Tank India pitchers win him over: ‘Take my number’
Shark Tank India 4: A couple of founders from Bengaluru impressed the entire panel of 'sharks' with their profitable stationery business, but the pitch ended on a surprising note.

Two entrepreneurs from Bengaluru pitched their sustainable stationery brand, Rescript, on the latest episode of Shark Tank India. They said that their products, which range from notebooks to A4 sheets, are made entirely from recycled paper. They said that they rely mainly on corporate contracts, which make up for 90% of their sales. The entrepreneurs said that their company is entirely bootstrapped, and that they are projecting revenue of Rs 6 crore this year. They asked for Rs 1 crore in funding in exchange of 3.3% equity, valuing their company at Rs 30 crore.
The founders said that the majority of their business happens in the last quarter, which is when schools reach out and purchase their products. Ritesh Agarwal was interested to know what percentage of their business comes from B2B, and was surprised to learn that their website contributes to only 10% of the sales. The ‘sharks’ suspected that their business is one that can be easily replicated by rivals. Anupam Mittal felt that they are receiving orders from businesses that want to meet certain sustainability quotas. He said that there isn’t anything wrong with this, but suspected that they could go with rivals as well.
One of the founders said that their clients have repeatedly renewed contracts with them because their products are better. After Ritesh backed out, Namita Thapar followed suit. She said that she is always uncertain about backing businesses that have a ‘low barrier of entry’, which means that other players can enter the market with relative ease. Like Ritesh, she was very impressed by the founders’ attitude. Even Aman Gupta said that he was extremely happy with the products, and promised to become a customer. “But as an investor, I’m out,” he said.
Anupam offered the founders his card for future guidance, but backed out as well. He said, “Hats off to you, you’ve built a solid B2B business. Maine expect kiya tha yeh ameeron ke chochle hain aur aapke number ekdum phuddu niklenge. But you pleasantly surprised me. You’ve captured a cyclical wave, and more and more companies will partner with you to meet their sustainability goals. If you can make yourself their primary brand, then you’ll be in a great place. And you can do this, based on what I’ve seen. For that, you don’t need to raise capital.” The founders left empty handed, but earned the respect of each ‘shark’ on the panel.


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