Sharks Fight for Eco-Plastic Deal on Shark Tank India 4
In the March 17 episode of Shark Tank India 4, a heated fight broke out among the Sharks as they competed to secure a deal with Pallavi Luharuka, the founder of Bhavisya Plast. Her company creates bio-plastic from agricultural waste, aiming for a sustainable future.
The Pitch and the Innovation
Pallavi asked for ₹50 lakh for 1.5% equity in her company, which has developed heat and water-resistant eco-plastic. The company has also created eco-friendly lubricants and paints.
She revealed that her team, in partnership with Jadavpur University, had accidentally discovered this plastic while working on a low-cost technology to turn broken rice into ethanol. Her company has already filed patents in India and 140 countries.
Hearing about her innovation, Namita Thapar praised her, calling it a great step for the environment. Anupam Mittal was impressed by her presentation skills and confidence and asked about her background.
Pallavi proudly shared that she is:
✅ A gold medalist in chemical engineering
✅ A cost and management accountant
✅ An MBA in marketing
✅ An experienced professional from top MNCs
Namita, amazed, called her a “superwoman.”
Sharks Compete for the Deal
The first offer came from Aman Gupta, who proposed ₹50 lakh for 2.5% equity, with a condition that Pallavi must secure a sales deal with at least one client. He quickly asked, “Should we close the deal?”
Before Pallavi could answer, Anupam Mittal interrupted, saying, “Haan mat bol (Don’t say yes).” He then made a bigger offer—₹1 crore for 5% equity.
Other offers followed:
💰 Namita Thapar matched Aman’s offer (₹50 lakh for 2.5%).
💰 Chirag Nakrani also made the same offer and was open to teaming up with others.
💰 Ritesh Agarwal backed out of the deal.
Aman agreed to join forces with Chirag, but Anupam hesitated, advising Pallavi not to have too many investors at this stage. Chirag argued that she needed a Shark with renewable energy expertise, and Aman supported him.
As the Sharks argued, Ritesh suggested Pallavi step out and return with a decision. Meanwhile, Anupam upped his offer to ₹1 crore, saying she needed a Shark willing to work closely with her. Not to be left behind, Aman also increased his offer to ₹1 crore.
The Final Decision
During the discussion, Namita Thapar made a striking comment, telling Pallavi,
“You are the Shark now. We are pitching to you.”
When Pallavi returned, she requested all four interested Sharks to invest together. At first, Namita wanted to go solo, but Aman convinced her to join forces.
In the end, Pallavi secured ₹2 crores for 10% equity from Namita Thapar, Anupam Mittal, Chirag Nakrani, and Aman Gupta.
It was a power-packed episode with intense negotiations, proving that great ideas attract great investors! 🚀
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