Kashmiri Entrepreneurs raise 90 lakh for 7.5% equity in Shark Tank India Season 2
In a first, Lenskart CEO Peyush Bansal and Boat CEO invest Rs 90 lakh for 7.5% equity in Srinagar based logistics startup Fast beetle at 12 Crore valuation.
Shark Tank India 2 has entertained everyone with its amazing pitches and the fun banter that takes place on the show between judges Namita Thapar, Aman Gupta, Anupam Mittal, Peyush Bansal, Vineeta Singh and Amit Jain. The channel recently shared a new episode of the show where three companies presented their new remarkable ideas on the show.
The due Entrepreneurs from Kashmir talked about the fast delivery problems that many Kashmir people have been facing for a long time. They talk about their new fast delivery system idea which will eventually solve Kashmiri people’s delivery problems. The pitchers ask for Rs 95 lakhs for 3% equity. After hearing their pitch Aman speaks up and says “I think that we need to develop Kashmir’s ecosystem and feel that there should be more entrepreneurs from Kashmir”.
Later, Peyush, Anupam and Aman counter their offers on the table. Peyush offers 95 lakhs for 10%, Anupam offers 95 lakhs for 9% and lastly, Aman offers the same offer as Anupam which is 95 lakhs for 9%.
Meanwhile Samiullah and his partner Abid Rashid gave a counter offer of 90 Lakhs for 7.5% of equity, to which Aman and Piyush agreed and signed the deal with the two young Kashmiri Entrepreneurs.
Now I have a reason to visit Kashmir said Peyush Bansal, whereas Aman Gupta said that he visits Kashmir Valley every year