Aman Gupta says ‘apni whiskey pi ke aaya hai kya’ to Shark Tank India pitcher’s Rs 300 crore valuation for liquor brand

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Kunal Bahl called him a ‘stellar founder’, but said that he generally invests in companies that are at an earlier stage, because he takes a bigger chunk of equity and provides his assistance for a longer period of time. Kunal was amused when the founder admitted that he was on Shark Tank primarily to promote his brand and ‘kick-start’ his next round of funding. He backed out of the deal, as did Azhar Iqubal, who said that he doesn’t have the necessary knowledge in the field of alcohol. Aman Gupta said that the alcohol business is risky, and that he isn’t ready to take risks on it yet. He backed out as well.

Ritesh Agarwal was impressed with the founder, like the others. He said that he would’ve invested in him had he belonged to literally any other industry. “I don’t understand this market at all. I have no knowledge about whiskey-making. I don’t even have any knowledge about whiskey-tasting. But I have a weakness for convincing entrepreneurs. If you belonged to any other industry, I’d be chasing you with a cheque. As an entrepreneur, I’d love to help you, but as an investor, I’m out,” he said, even as the founder tried to convince him that he doesn’t need to be a whiskey drinker to be a part of the company. Ultimately, he left with no deal.