The new episode of business reality show 바카라Shark Tank India 3바카라 witnessed a pitch by Anand Nahar along with his brother Amrit, for their fast food brand 바카라Zorko바카라, leaving not only Ritesh Agarwal, founder and CEO of OYO Rooms, but also the other sharks surprised.
However, the real surprise came when Anand, hailing from Surat, disclosed his previous interest in investing in OYO, narrating his journey of reaching out to the company and even sending a personal email to Ritesh.
After explaining his idea behind opening the fast food chain, the pitcher shared: 바카라Sir I wanted to invest in OYO as well. I had even sent mail and the call centre people couldn바카라t understand what I wanted to say. I used to call continuously but it couldn바카라t happen and then you reached 10 million.바카라
Anand further verified his claim by sharing a screenshot of the email he sent and Ritesh was amused by the unexpected turn of events.
While the sharks found the pitch and the brothers entertaining and intriguing, eyebrows were raised when they asked for Rs 1.5 crore for one percent equity.
Aman Gupta, co-founder and CMO, BOAT, and Ritesh offered them Rs 20 lakh for one percent equity, plus Rs 1.3 crores debt at 10 per cent interest for three years.
Amrit and Anand gave a counter offer of 100 hours for one per cent equity plus Rs 1.5 crore debt at 10 percent interest for three years.
Listening to their counter offer, Aman said: 바카라I can바카라t commit you hours. If I like you can sit with my team, and me, and can learn. But I can바카라t commit like this. I don바카라t want to make a false commitment. If I feel to do something, I will do otherwise I won바카라t do. Right now I want to support you, your energy is right, you need some directions.바카라
The sharks gave second offer to the founders which was one per cent advisory equity plus Rs 1.5 crore debt at 10 per cent interest for three years.
Amrit and Anand gave another counter offer which was 50 hours for one per cent equity plus Rs 1.5 crore debt at 10 per cent interest for three years.
Hearing the offer, Ritesh said: 바카라I don바카라t have a problem in committing hours, you can take 20 hours commitment from me, but from Aman바카라s side you have to put your trust and believe him.바카라
Aman further commented: 바카라Ritesh has committed you 25 hours. I am not committing, but I am giving you trust that I will do.바카라
Despite securing a deal from the sharks Ritesh Agarwal and Aman Gupta, the brothers' counter-ask for committed advisory time left Aman frustrated, leading him to tear the cheque in response to their indecisiveness.
Ritesh got frustrated on their indecisiveness, and said he is out.
Aman also said he is out, tearing the cheque.
바카라Bhai tu mujhe maaf kar,바카라 added Aman.
바카라Shark Tank India 3바카라 airs on Sony LIV.Aman further commented: 바카라Ritesh has committed you 25 hours. I am not committing, but I am giving you trust that I will do.바카라
Despite securing a deal from the sharks Ritesh Agarwal and Aman Gupta, the brothers' counter-ask for committed advisory time left Aman frustrated, leading him to tear the cheque in response to their indecisiveness.
Ritesh got frustrated on their indecisiveness, and said he is out.
Aman also said he is out, tearing the cheque.
바카라Bhai tu mujhe maaf kar,바카라 added Aman.
바카라Shark Tank India 3바카라 airs on Sony LIV.
