Namita Thapar says eyewear brand on Shark Tank India is ‘better than Lenskart’, Peyush Bansal reacts

“Lenskart se toh boht ache hain (These are better than Lenskart),” she said. The entrepreneurs for Eyenic, Piyuesh Kalra and Sunil Chhabra came in asking for Rs 75 lakh for 6 percent of their company, valuing it at Rs 12.5 crore. When Namita further spoke to the entrepreneurs about their company, she commented, “Lenskart se panga lena koi choti baat nahi hai (It’s not a small feat to go up against Lenskart),” she said.

Peyush Bansal, who made his fortune by building an eyewear brand with Lenskart, said that he does invest in other eyewear companies but for this particular brand, he said that there was “no fundamental differentiation” in their product. And was out of the deal.

 

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Amit Jain questioned their sales which reflected that there was perhaps not enough demand for their product. After grilling the entrepreneurs, he was out. Aman Gupta and Namita Thapar followed. Anupam Mittal was initially interested in the business but he too, was out eventually.

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Shark Tank India Season 2 is currently in its fourth week. The show sees entrepreneurs pitching their businesses to ‘sharks’ as they try to seek investment. The show airs on Sony TV and streams on SonyLIV.