Ritesh Agarwal’s former OYO employee stuns Shark Tank India judges with story of his temper, Vineeta Singh says, ‘I can’t believe it’

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The ‘sharks’ all appreciated Paurav’s operational expertise, and praised the entrepreneurs for having set up a profitable business. Kunal said, “Normally, founders opt for businesses that are sexy, like creating an app. This is not a sexy business, and that’s why you’re profitable.” But Aman noticed that whenever Paurav spoke to Ritesh, his demeanor changed drastically. “Kuch toh gadbad hai Daya,” he joked, asking Paurav why he becomes so meek while talking to Ritesh. Paurav replied, “I’ve seen him very closely, I’ve seen his various moods and tempers, but there’s no gadbad.” Vineeta and the other ‘sharks’ were surprised to learn that the usually pleasant Ritesh could have anger issues. “Hum toh maan hi nahi sakte,” she said.

The ‘sharks’ were also interested in knowing why Paurav hadn’t approached Ritesh directly and tried to raise funds through that route. He said, “After I left OYO, we lost touch. And I tried to reach out, but sir must’ve been busy.” Ritesh said, “I cant tell you how happy I am seeing you here, there can’t be a better ambassador for OYO than you.” He offered the entrepreneurs Rs 2 crore, but asked for 10% in equity. Azhar offered to join him in the offer. Kunal was also impressed with Paurav, and offered him Rs 3 crore for 10%. Ritesh said, “Money is not an issue, we can also give you Rs 3 crore.”

The entrepreneurs consulted among each other for a few minutes, and countered by asking the ‘sharks’ to lower their ask to 4%. They also asked if all three of them would be interested in partnering up. Their final offer was Rs 2 crore for 6%, which Paurav accepted after trying and failing to negotiate some more.