Anupam Mittal admits ‘dar lag raha hai’ after Shark Tank India pitcher with ties to 50-year-old Apsara Ice Creams asks for Rs 1 crore

Also read – Peyush Bansal backs out of Shark Tank India deal after hearing Nikhil Kamath’s name, Vineeta Singh calls the pitch ‘random max’

After listening to his pitch, Anupam had an unconventional observation. He described Kiran as the perfect ‘founder-market fit’, but noted, “Dar lag raha hai aap zyada hi smart ho (I fear that you might be too smart).” He continued, “Rs 1 crore se kuch nai hoga, you will run out of money in the next few months.” Anupam offered the entrepreneur Rs 2 cr for 5% equity, on the condition that he raises Rs 10 crore more soon. Vineeta had an offer as well, and so did Aman. But Peyush backed out, as did Kunal, who said that he wants to avoid a conflict of interest since he has invested in the rival brand NOTO.

Aman offered Kiran Rs 1 crore for 2% equity, and it became clear that Kiran was interested in Aman’s offer over anybody else’s. He countered by asking if Aman would be okay with a 1.5% stake, and Aman said, “There’s no difference between 1.5% and 2% in my eyes; I’m fine with it.” Describing himself as a ‘hero’, he walked over to Kiran to seal the deal. Piyush joked, “This is exactly what you’ll have to bear with now.”