Shark Tank India pitchers who created ‘Iron Man ka Jarvis’ pique ‘healthcare queen’ Namita Thapar’s interest, get called ‘paapi’ by Anupam Mittal

Also read – Anupam Mittal calls Shark Tank India pitcher a ‘phuski bomb’, dismisses his ‘Rs 100 crore ka totka’ while Kunal Bahl bats for him

They admitted that they hadn’t rolled the product out yet, but have plans to give it to leaders such as the ‘sharks’, and will price it at Rs 15,000. They said that they initially wanted to create something like ‘Iron Man ka Jarvis’. Aman said that he isn’t sure about which direction AI assistants will go in; they could take the shape of pendants, or could take the shape of glasses. He said that he would prefer to sit on the fence and watch until this debate is settled. Kunal and Ritesh cited similar reasons. Kunal said, “It isn’t clear yet if this is a real business or if its only good tech. We aren’t here to make a science project, we’re here to build a business.”

From the back room, Anupam said, “If this works, it’ll be worth billions of dollars. If it doesn’t work, it’ll be zero. This isn’t a Rs 85 crore business.” Namita was the only member of the panel who showed genuine interest in the company. But she had a condition, and concerns about consent. She told the founders that she would make them an offer only if they present her with a timeline for when they can begin implementing the gadget in the mental health space. “Yeh healthcare queen ek condition pe ayegi,” she said. When they assured her that they could begin in a year, she offered them Rs 80 lakh in exchange of 4% equity, valuing the company at Rs 20 crore.

Without batting an eyelid, the founders agreed to Namita’s terms. Aman was stunned. “Oh teri, itni jaldi, soch toh lete. I like your decision-making.” Anupam returned to the main room, and jokingly called the founders ‘paapi’ for accepting a Rs 20 crore valuation. “You shouldn’t have settled for anything under Rs 100 crore.” Namita joked, “Wait, I’d forgotten that Anupam is also a part of this. Can I have my cheque back?”

In an interview on Himesh Madaan’s YouTube channel, Anupam had spoken about investing in the company. “I’m actually the founding investor in a company that has created a locket… Significantly advanced technology is no different than magic. Two kids have made this. You wear it on your neck, it listens to all your conversations, recognises who you’re talking to based on their voice. It has access to your email and contact book. Based on that, I can just look at an app on my phone, and it will tell me exactly what we spoke about the last time, and what I should be talking to you about next,” he said.