Shark Tank India 4: Anupam Mittal & Vineeta Singh Offer Double the Ask, Smart Bat Brand Secures ₹1.6 Crore Deal
The latest episode of Shark Tank India 4 was full of surprises as entrepreneurs from Bangalore pitched their innovative smart cricket gaming brand, Metashot. Their pitch impressed the sharks, leading Anupam Mittal and Vineeta Singh to offer double the amount they initially asked for.
Metashot’s Pitch and Business Model
Metashot’s founders, Ajith, Prince, and Ranjith, came to the show seeking ₹80 lakh for a 1.5% equity stake, valuing their company at ₹53 crore. They shared that they had already raised $500,000 (around ₹4.2 crore) in funding, which grabbed the sharks’ attention.
Anupam Mittal admitted that he wasn’t expecting much at first, but after hearing about their growth and revenue numbers, he was highly impressed.
How Metashot Works
Metashot offers a Bluetooth-enabled cricket bat that allows users to play cricket games with anyone across the world. The founders explained that they plan to generate revenue through subscriptions and building a gaming community.
Sharks’ Reactions to the Pitch
- Kunal Bahl seemed uncertain and struggled to make a decision.
- Peyush Bansal suggested that the founders take their business in a different direction, but they declined his advice, leaving him disappointed.
- Aman Gupta showed interest but ultimately backed out, citing disagreements over valuation.
- Kunal Bahl also stepped back after some consideration.
With several sharks out of the race, Anupam Mittal and Vineeta Singh stepped in with a bold counteroffer.
A Game-Changing Offer
Instead of the ₹80 lakh the founders asked for, Anupam Mittal and Vineeta Singh offered ₹1.6 crore for a 5% stake, valuing the company at ₹32 crore instead of ₹53 crore.
Vineeta also suggested that Metashot could be marketed as both a gaming console and a fitness product, expanding its potential customer base.
After some discussion, the founders agreed to the deal, and the sharks celebrated their new investment.
Shark Tank India 4 Continues to Deliver Exciting Deals
With every new episode, Shark Tank India 4 showcases groundbreaking business ideas and thrilling negotiations. This latest deal proves that innovation, strategy, and smart pitching can lead to life-changing opportunities.
Stay tuned for more exciting pitches and jaw-dropping investments on Shark Tank India 4!
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