The entrepreneur asked for an investment of Rs 300 crores, for a stake of 25% in his company.
Shark Tank India’s stage saw a number of entrepreneurs from all over the country try their luck at earning a deal with some of the most seasoned business persons in the country- the sharks. Many of the pitches made quite an impact on the judges as well as viewers, and Gaurav Goyal’s pitch was one of them. But it was not the entrepreneur’s product that left the sharks stunned. The entrepreneur’s ask for funding was perhaps one of the biggest in the history of the reality show.
Goyal pitched his ice cream brand Gopal’s 56. The entrepreneur explained how his brand of vegan ice creams was one of the first ice creams in the world to contain fibre, and also explained how it helps in controlling one’s cholesterol and weight as well. The ice creams came in a range of ayurvedic flavours and the entrepreneur spoke of the humble beginnings of his business as well.
Although the sharks were impressed by the pitch and the product, they were thrown away by the huge ask for funding. Goyal asked for a funding of Rs 300 crores in exchange for a 25% stake in the company, which brought his company valuation to Rs 1200 crores. Shaadi.com CEO and founder Anupam Mittal called it one of the biggest asks in Shark Tank history. The other sharks, Lenskart CEO and co-founder Peyush Bansal, Emcure Pharmaceuticals executive director Namita Thapar, boAt CMO and co-founder Aman Gupta and BharatPe founder Ashneer Grover were also left equally shocked by the offer.
The judges went on to grill the entrepreneur about his business plan, and one by one they declared themselves out of the deal. In the end, Goyal had to walk out the tank without a deal.
Check out the full pitch below: