Shark Tank India's Vineeta Singh Pitches Sugar, Strikes Rs 5 Crore Deal With Different Judges

Shark Tank India's Vineeta Singh Pitches Sugar, Strikes Rs 5 Crore Deal With Different Judges [ad_1]

Vineeta Singh was joined by her husband and co-founder of the agency Kaushik Mukherjee.

The finale week of 'Shark Tank India Seaon 2' noticed one of many present's judges Vineeta Singh pitch her personal firm SUGAR cosmetics to the opposite judges and strike a deal value Rs 5 crore with all of them. Ms Singh was joined by her husband and co-founder of the agency Kaushik Mukherjee. The duo pitched their model to the opposite 5 sharks - Aman Gupta, Anupam Mittal, Peyush Bansal, Amit Jain and Namita Thapar. 

On Saturday, the official account of 'Shark Tank India' shared a brief clip on Twitter exhibiting the founders of SUGAR pitching their enterprise thought to the judges. "A shock within the Tank!" the caption learn. 

Watch the video under: 

A shock within the Tank! Watch the founders of SUGAR, Shark Vineeta Singh and Kaushik Mukherjee pitch their enterprise thought to the Sharks. #SharkTankIndia season 2 streaming on Sony LIV.#SharkTankIndiaSeason2#SharkTankIndiaS2onSonyLIVpic.twitter.com/1bo0BKR5t5

— Shark Tank India (@sharktankindia) March 11, 2023

In the beginning of their pitch, Lenskart co-founder and CEO Peyush Goyal jokingly instructed the couple to not anticipate any mercy. Mr Mukherjee then went on to disclose that originally, they wished to name their brank 'Kickass Cosmetics', however settled for 'SUGAR' as a substitute. 

When Aman Gupta requested concerning the investments, Ms Singh stated that after 2013 they could not safe any funding. Anupam Mittal appreciated the couple for persevering with the enterprise with revenue and jokingly additionally stated that Ms Singh will quickly share a seat with different Sharks. 

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Ms Singh shared a number of of the merchandise from the model with the judges. On the finish of her pitch, the couple requested for Rs 1 crore for two% fairness. Their pitch ended with a suggestion from all 5 judges as they supplied Rs 5 Crore for five%, which Ms Singh and Mr Mujherjee accepted.

Taking to Instagram, Mr Mukherjee additionally revealed what went behind cracking the deal. "Okay, the Shark Tank hype is actual," he wrote within the caption. 

Notably, Shark Tank India Season 2, which premiered on January 2, noticed entrepreneurs from completely different walks of life pitching their manufacturers to the big-shot traders. The present is hosted by Rahul Dua and the Sharks embody, Anupam Mittal (Founder-CEO of Shaadi.com), Aman Gupta (Co-Founder-CMO of boAt), Namita Thapar (Government Director of Emcure Prescribed drugs), Vineeta Singh (Co-Founder-CEO of SUGAR Cosmetics), Peyush Bansal (Founder-CEO of Lenskart.com) and Amit Jain (Co-Founder-CEO of CarDekho Group and InsuranceDekho.com).

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