Shark Tank India: Ashneer Grover calls Peeschute founder, 'distracted', later offers Rs 75 lakh

Peeschute is a pocket-sized and unisex urinal bag, which impressed all sharks, including Aman Gupta, Anupam Mittal, Ghazal Alagh, Namita Thapar, Vineeta Singh and Peyush Bansal

Ashneer Grover on Shark Tank India

Ashneer Grover has gained wide popularity on the Shark Tank India show for his blunt responses and straightforward attitude. In a recent video, shared by the makers, he can be seen calling a startup founder, 'distracted'.

The founder of Peeschute was pitching about his pocket-sized and unisex urinal bag to the sharks on the show when Grover called him distracted. The entrepreneur talks about how it works and can be used. He also shared details about the paid pilot, he conducted in the UK, US and Canada. He earned Rs 42 lakh with his pilot run. The entrepreneur demanded Rs 75 lakh for 4 per cent equity in the company.

When the founder talked about how he also plans to install chambers so that the users can get some privacy to use the product in public spaces, Grover asks him to focus on one thing at a time and says, "You are distracted." Later, he offers an investment of Rs 75 lakh for 7% equity. But the entrepreneur wanted Aman Gupta to invest in his company and after several negotiations, he manages to get Gupta to lock a deal of Rs 75 lakh for 6 per cent.

Grover was not totally happy with the deal as he is seen warning him to think twice before finalising the deal as he says finance people do better branding than marketing people. It did not go down well with Namita Thapar and she quickly intervenes and jokingly says that marketing people also do distribution and sampling. The founder happily returns home with the investment, made by Gupta.

Season 1 of Shark Tank India , hosted by Rannvijay Singha, is available to stream on SonyLIV.

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