Shark Tank India 5: A ‘smart move’ or not? Aman Gupta and Kunal Bahl clash over dessert brand

Also Read: Shark Tank’s Ritesh Agarwal reacts to Virat Kohli choosing a Rs 2,058 cr Indian sportswear company over Puma’s Rs 300 cr deal: ‘This is a sign that…’

 

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But Kunal Behl seemed to disagree and was seen questioning the founders, “Why is it a smart move?” The founders also flaunted their numbers during the pitch, when one of them mentioned that the average selling price for their product is Rs 267. Kunal further added, “The Belgian Waffle Co has so much distribution; if they add a croffle menu, they are there.” Will they bag a deal or not remains to be seen; however, this season, the ‘sharks’ seem in no mood to overlook the smallest of details.

What makes The Croffle Guys pitch all the more interesting is that one of its founders, Rahul, also has a connection to the film industry. He has worked as an associate director with Kabir Khan on films like Chandu Champion and 83. Currently, Rahul also works part-time with Karan Johar’s Dharma Productions. Veer Pinto has also been an artiste.

In another promo, Anupam Mittal, Mohit Yadav, and Namita Thapar are seen calling out a brand for its unethical ways. While there is no clarity on the brand’s name yet, in the promo we see Anupam saying, “I have understood that you are making some big claims, which are completely baseless.” Mohit Yadav adds, “Incorrect is a small word; this is fraud, going by what you are saying.” Namita Thapar also shares, “What you are doing is unethical.”

 

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Shark Tank India 5’s selection process this year

Recently, in an exclusive interview with SCREEN, Ritesh Agarwal revealed that the makers of Shark Tank India have further streamlined the selection process this year. He shared, “In the last two years, I have seen that the tank has started doing due diligence on the company’s revenues, their history, their taxation, bank accounts, and lots of things. This is done so that those who come into the tank have a very high degree of qualification. From the percentage of people who want to be in the tank and who come to the tank, only 0.1 percent end up showing up to the tank. That’s so small, and the percentage is only reducing. Pitchers are becoming savvy, and it’s all becoming very mature. This season, you will find many unique perspectives on diligence, too. Compliance has become a very important part of diligence this year.”

Viraj Bahl added, “More than 95 percent are entrepreneurs telling us no post viewing, rather than the other way round. A lot of credit goes to Shark Tank organisers as they do a lot of financial diligence before the pitch reaches the tank.”

Shark Tank India 5 airs on Sony TV and streams on Sony Liv from January 5, every Monday to Friday at 8 pm.