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

Also read – Angry Shark Tank India pitcher tells Anupam Mittal to stop making ‘befaltu excuses’ if he doesn’t want to invest, advises Peyush Bansal

Anupam said that he, and several ‘UHNW’ individuals like him, already have ‘executive assistants’ to look after their personal needs. Aman, on the other hand, said that he’s the kind of person who counts every rupee that he spends, and that he can’t resonate with the model at all. Peyush joked that Namita is the perfect candidate for such a service, as she ‘travels with an entourage’. He was also interested in knowing what some of the weirdest requests that the entrepreneurs have received from their clients. They narrated a story about supplying a Diet Coke can for a client in a village in the Himalayas. They said that it cost them Rs 4,000. Aman was stunned. “Rs 4,000 for a can of Coke?” he remarked.

The entrepreneurs said that they also have an app, through which clients can purchase anything from a ‘villa, yacht, and art’. Anupam posed piercing questions about their revenue, and wasn’t too happy with what he heard. “My biggest problem is credibility, I don’t believe what you’re saying, your numbers simply don’t match up with the picture you’re painting. You need a lot more clarity before you raise capital from an investor,” he said.

Aman, Namita and Vineeta also backed out of the deal. Peyush showed some interest, but just as he asked the entrepreneurs to explain their equity breakup, he discovered a previously undiscussed detail that made him change his mind. The entrepreneurs said that the billionaire Nikhil Kamath gave them Rs 75 lakh in seed funding at the very beginning of their journey, but has since exited the business. Peyush said that because of this lack of confusing detail, he wanted to back out. In the post-pitch piece to camera, the pitchers appeared to be sour about the experience. Advita wasn’t happy about her credibility being questioned, while Karan said, “Maybe its a learning for them if we do really well.” Meanwhile, Vineeta described the pitch as ‘random max’ as the segment wrapped up.