PremiumShark Tank India 3- Anupam Mittal runs down pitchers of kids’ candy makers; says, Aapko business ki samjh nahi hai
The upcoming episode of Shark Tank 3 will see Anupam Mittal running down two partners of kids’ candy makers. Will they still make a sweet deal with the sharks?
Last Updated: 11.55 PM, Feb 28, 2024
The very concept of Shark Tank originated in foreign shores (USA to be precise). Almost every episode of the show met with encouraging success. Encouraged by the original, the Indian version of the fund-raising show was started in our country under the name of Shark Tank India. After the successful two seasons, the show is presently in its third season. In one of the upcoming episodes, the viewers will get to see two pitchers pitching their kids’ candy business before the sharks, only to be run down by Anupam Mittal!
No artificial flavoured colours, no preservatives, and no sugar?
The show’s makers, recently dropped an extremely arresting promo that shows Aashnee Gajaria and Sandhya Seshadri, the two founders of a business called 'Niblerzz' that deals with kids’ candies. The ladies seem super confident as they present their business as something that “They collaborated with the experts and came up with a recipe that has no artificial flavoured colours, no preservatives, and no sugar!”. Hearing this, Vineeta gets up from the seat and, on a joking note, says, “Bye, I am going”.
When the market size is a whopping Rs. 20,000 crores!
The pitcher duo then, explain their portfolio by stating that it contains, real fruit gummies, chocolate peanut butter cups and lollypops! And when Peyush Bansal asks about the size of the market, pat comes the reply, “Its Rs. 20,000 crores! And when Azhar Iqubal asks about the age group that they are targeting, one of the pitchers reply, “2 to 6 years”.
And when Vineeta Singh asks about their last year’s net revenue, the pitchers reply it as “Rs. 13.5 lakhs”. And when they were asked about the amount that they burn in a month, they replied as about Rs. 15 lakhs per month only on advertising! Hearing that, Vineeta becomes totally shocked and checks if they meant Rs. 15 lakhs on 13.5 revenue?” To which, the pitcher said, “We have about a crore and a half as inventory”. Hearing this, while Vineetha was totally shocked, Peyush landed up saying, “Wow’!
Hearing all this, Anupam Mittal told the sharks, “Aap logon ko business ki samjh nahi hai”. To which, one of the pitchers said that they have all their numbers! Will the kids’ candy business translate into a sweet deal for the two pitchers from the sharks is what remains to be seen! You can catch up with all the episodes of Shark Tank India Season 3, from Monday to Friday at 10 pm on Sony LIV.