Business
Shark Tank India 3: Pitchers reveal a Rs. 5 Cr Loss, shocking Vineeta Singh and labelling the business “senseless.”
Shark Tank India 3: Pitchers reveal a Rs. 5 Cr Loss, shocking Vineeta Singh and labelling the business “senseless.”
Ever since Shark Tank India returned with its third season, it has been making headlines. As of late, the creators of the show dropped a promo for the up-and-coming scene in which ‘Shark’ Vineeta Singh was seen calling a trade show of pitchers’senseless’. The promo highlighted the proprietors of Artinci, a brand offering sugar-free pastries, pitching their item to sharks.
They uncover that their item settles dessert desires for diabetes patients. After tasting their coconut ice cream, Vineeta Singh said, “Bohot yum hai (This can be tasty).” Namita Thapar too included, “Generally, sugar-free items have a lingering flavor, but this tastes like it has sugar.” When Namita inquired pitchers about their deals, they said, “Last year, we did Rs 4.4 crore.”
Sumit Rastogi's #Artinci may have irresistible sweet indulgences. 😍😋🍧
But, will his numbers help him secure a deal? 🤔💸
Stream new episodes of Shark Tank India Season 3, from Mon-Fri 10 PM, on Sony LIV. pic.twitter.com/CD4kceWTdh
— Sony LIV (@SonyLIV) February 15, 2024
At that point, Anupam inquired approximately about the benefits when the proprietors uncovered that they were confronting misfortunes. “There was no benefit; there was a misfortune of Rs 5 crore,” they said. This left Vineeta Singh stunned, who then called the trade show ‘ senseless’ and said, “You were offering unit-level misfortune and usually senseless.”
It will be curious to see if the pitchers will get a bargain from the Sharks. Shark Tank India returned with season three on January 22, 2024. A few commonplace sharks from the past seasons, counting Namita Thapar, Official Executive at Emcure Pharmaceuticals Constrained, Aman Gupta, Co-Founder of Watercraft, Peyush Bansal, Co-Founder and CEO of Lenskart, Anupam Mittal, Originator and Chief of Shaadi.com, and Vineeta Singh, CEO of Sugar Beauty Care Products, returned for Shark Tank India Season 3. Joining them were, moreover, the new additions to the panel, which include Amit Jain, CEO and co-founder of Car Dekho; Ritesh Agarwal, founder of OYO; Azhar Iqubal, co-founder and CEO of Inshorts; and Radhika Gupta, CEO of Edelweiss Capital. Recently, film producer Ronnie Screwvala also joined the show.
