The latest episode of Shark Tank India left viewers on the edge of their seats as Anupam Mittal, the founder of Shaadi.com, made a bold move that took everyone by surprise. The dramatic turn of events unfolded when Gurseet Singh, the founder of Smotect, presented his innovative product—a chewable formula designed to help people quit smoking.
Gurseet Singh entered the tank seeking a substantial investment of Rs 1 crore in exchange for one percent equity in his venture. However, his pitch faced intense scrutiny from the sharks, particularly Deepinder Goyal, who raised multiple red flags regarding the product’s development, clinical trials, and success rate.
Despite the skepticism expressed by Deepinder and other sharks—Namita Thapar, Vineeta Singh, and Aman Gupta—Anupam Mittal saw potential in Smotect. In a surprising move, he offered to invest Rs 50 lakh for 3 percent equity and an additional Rs 50 lakhs as debt at 15% interest for 3 years.
The unexpected offer from Anupam Mittal not only shocked the other sharks but also intrigued viewers, highlighting the unpredictable nature of entrepreneurial investments on the show.
The third season of Shark Tank India, which premiered on January 22, 2024, has brought together a mix of familiar faces and new additions to the panel. Alongside seasoned sharks like Namita Thapar, Aman Gupta, and Vineeta Singh, newcomers such as Amit Jain, Ritesh Agarwal, Azhar Iqubal, and Radhika Gupta have added fresh perspectives to the show.
Moreover, the recent inclusion of film producer Ronnie Screwvala has added an extra layer of excitement to the series, further elevating its appeal among viewers.
As Shark Tank India continues to showcase the journey of aspiring entrepreneurs and the dynamics of investment negotiations, Anupam Mittal’s bold move serves as a reminder of the unpredictable twists and turns that make the show a compelling watch. With each episode, viewers are treated to a rollercoaster of emotions, as dreams are realized and deals are struck in the high-stakes world of entrepreneurship.
