Shark Tank India 4: Vinita Singh And Ritesh Agarwal’s Offers Get Countered By Azhar Iqubal’s Sharp Math Skills – News18

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Established in 2014, Imagimake has been winning hearts in the market with its innovative toys, games, puzzles, and DIY kits.



The entrepreneurs pitched for Rs 1.5 crore in exchange for 0.5 per cent equity. (Photo Credits: Instagram)

The entrepreneurs pitched for Rs 1.5 crore in exchange for 0.5 per cent equity. (Photo Credits: Instagram)

Shark Tank India Season 4 has already kicked off with a bang, promising a rollercoaster of emotions with some remarkable and innovative startup stories. Without a doubt, the Sharks, including Anupam Mittal (Shaadi.com), Vineeta Singh (SUGAR Cosmetics), Aman Gupta (boAt Lifestyle), Namita Thapar (Emcure Pharmaceuticals), Kunal Bahl (Snapdeal), Peyush Bansal (Lenskart), Ritesh Agarwal (OYO), and others, are injecting new life into the industry with their lavish investment decisions.

Having said that, the latest episode of the business reality show saw two entrepreneurs named Ravi Kumar and Disha Katharani introducing their brand, Imagimake, to the sharks. The entrepreneurs pitched for Rs 1.5 crore in exchange for 0.5 per cent equity, valuing their company at Rs 300 crore.

Moving on, Ravi explained their journey of expanding their product and growing their distribution channels, leveraging platforms like Flipkart and Amazon. They revealed that 35 per cent of their sales come from exports, a figure that shocked Aman Gupta. However, Aman, Kunal Bahl, and Azhar backed out from the pitch as they felt both of them were already successful entrepreneurs and wouldn’t add any significant value.

At this point, Vinita offers them a deal of Rs 50 lakhs for 0.5 per cent equity, plus Rs 1 crore debt at 10 per cent for 3 years. Ritesh, on the other hand, presents an offer of Rs 1.5 crores for 1.5% equity.

It was this moment that caught everyone’s attention. Judge Azhar Iqubal showcased his sharp mathematical skills by pointing out, “You offered 1.5 crores for 1.5% equity, but her offer is technically better because her pre-money valuation would be 99.5, whereas yours would be 98.5.”

Upon hearing Azhar’s quick explanation, Vinita, Aman, and Kunal burst into laughter. Vinita expressed, “I love your math,” while Aman added, “That was fun; he’s got some solid magic.”

Acknowledging his mistake, Ritesh revises his offer and offers Rs 1.5 crores for 1.2% equity, with a valuation of Rs 125 crores.

Ravi and Disha took time to think; meanwhile, the sharks discussed Azhar’s amazing mathematics skills. Vinita stated, “Azhar star hai yaar. Mera din ban gaya aaj.”

In the end, the entrepreneurs returned and thanked Vinita and Ritesh. But eventually, they declined to accept the offers.

Established in 2014, the Mumbai-based brand has been winning hearts in the market with its innovative toys, games, puzzles, and DIY kits. The company has grown significantly, selling more than 1 lakh products monthly to households via online platforms and 4,000+ offline stores. The price range for their products starts from Rs 199 to Rs 2000. Their most selling product in the market is an India man puzzle.

Under the leadership of Disha Katharani, Imagimake’s products are designed in-house by their talented team, with around 15 members dedicated solely to product design. Moreover, the company operates a robust manufacturing team of 250 members, with an operations team of 20 people and 40 members handling marketing and finance, ensuring a seamless workflow across all aspects of the business.

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