Shark Tank India Season 3: Aman Gupta's candid remark sparks debate on investment with Amit Jain and Anupam Mittal

Shark Tank India Season 3: In a recent episode of Shark Tank India, tensions flared as Aman Gupta, Amit Jain, and Anupam Mittal clashed over investment strategies. The spotlight fell on a family of entrepreneurs from Uttarakhand presenting their business, 'Namakwali,' specialising in organic food products with artisanal salt as their flagship offering. Seeking Rs 50 lakh for a 5 per cent stake, valuing their company at Rs 10 crore, they entered the Tank with high hopes.

Argument between sharks

As the founders concluded their pitch, Amit Jain commended on their packaging, but Aman Gupta swiftly expressed reservations, citing a lack of brand identity. Despite the handmade illustrations winning favor with some sharks, Aman opted out of the deal, advising against accepting investment. His stance sparked a heated exchange, with Anupam questioning the purpose of Shark Tank if not for investment opportunities.

Aman cautioned against the potential pitfalls of investor involvement, highlighting the pressure for higher returns. The debate escalated with Amit defending his reputation, leading to a humorous exchange about salt-induced conflicts. Eventually, Namita Thapar and Anupam Mittal withdrew from the deal, citing concerns over the team's readiness.

Final Offer

Left as the sole investor, Amit extended an offer of Rs 10 lakh for a 5 per cent stake, valuing the company at Rs 2 crore, coupled with Rs 40 lakh in debt. Despite reservations about market saturation, Amit's interest persisted, and the founders accepted the deal after deliberation.

The episode underscored the complexities of investment dynamics and the importance of strategic partnerships in navigating the competitive landscape. As the Namakwali journey continues, their success hinges on their ability to leverage this newfound opportunity effectively.