The release date of Shark Tank India Season 2 Episode 39 is here! Shark Tank India Season 2 has successfully captivated an audience of all age groups. The audiences are attracted to the entrepreneurial show because of the attractive deals that are made on the show. The Shark’s comments and some funny moments add to the entertainment factor of the show, without making it a deadly serious one.
So, for those who missed watching the previous episode, here, we will provide you with a recap along with the release date and streaming guide of the show.
The previous episode, episode 38 of Shark Tank India Season 2 opens with the first pitch by Conrad Braganza and Desmond Nazareth from Goa. They talk about Agave Plants, from which popular tequila is made. They introduce their brand “Desmondji.” “Desmondji” is India’s first craft distilling company, started in 2011. The brand makes eight varieties of spirits, liquors, and cocktail blends. It is a field to bottle and a forest to bottle brand. which is manufactured by their distillery. The brand has sold 12 lakh bottles to date and the brand is available in 3 states and 2 Union Territories. They are the only producer of Indian Agave.
Shark Tank India Season 2 Episode 38 Recap
“Desmondji” has made a revenue of Rs. 12.42 Crores between 2021-2022. The equity split of the company – 76% investors, 23% Desmond, and 1% Conrad.
Conrad and Desmond make an offer of Rs. 1 Crore for 1% equity. But all the Sharks opt out of the deal as they think that the company has already diluted 76% to the investors.
The next pitch is done by Rajas Dhote, owner of a cheese brand called “Cremeitalia,” from Mumbai. The company’s cheese is made from natural ingredients, which are tasty as well as healthy. The brand is available across 220 stores and 18 cities.
Rajas make an offer of Rs. 90 lakhs for 1.5% equity. After making the offer, Rajas offers the Sharks to taste different types of cheese. He further says that his company aims to become a specialist premium cheese manufacturer in India. The equity split of the company – 35.15% Rajas, 35.15% Co-founder, 12% stakeholder, 17.7% others.
All of the Sharks opt out of the deal as they think that in terms of growth, the business is not very enticing, and they do not have confidence in the team as they fail to understand the cost margins.
The next pitch is done by Aryan Sisodia, Vaibhav Kaushik, and Aalaap Nair from Noida. They are the founders of “Nawgati,” which is an online ecosystem that solves the problems of the customer as well as the company through their two products – the “Nawgati fuelling App” and the “Aaveg Dashboard.” The Nawgati Fuelling App gives information about the nearest gas stations. They are also offering Aaveg Dashboard to the fuelling companies which provide key metrics for efficiency and safety through a subscription model.
“Nawgati” is already working with the World’s two biggest gas companies – Indraprastha Gas and Indian Oil. Along with these, they are about to start collaborating with 13 other gas companies. The App has 6 lakh downloads with 1.25 lakh monthly users.
The three men offer a deal of Rs. 67 lakhs for 2% equity. The current equity split of the company – is 35% Vaibhav, 29% Aalap, 23% Aryan, and 13% Investors and advisors.
Namita, Peyush, and Anupam opt out of the deal. But Aman and Amit offer Rs. 67 lakhs for 4% equity. “Nawgati” makes a counteroffer of Rs. 67 lakhs for 2.5% equity. Aman and Amit again make a counteroffer of Rs. 67 lakhs for 3% equity, when the businessmen ask to raise the amount of money. “Nawgati” accepts the offer and the deal is closed.
The next pitch is done by Sameer Arif’s “SWYTCHD.” It is an all-inclusive electric vehicle subscription. The company offers vehicle, insurance, servicing, breakdown support, and free charging, in one month subscription. It gives the customer the flexibility to unsubscribe as well. The company has given 107 vehicles to their monthly subscribers in Bangalore, and there are 700+ people on the waiting list. Their monthly subscribers are 127 with monthly recurring revenue of Rs 5.6 lakhs.
Sameer asks for Rs 50 lakhs for 3% equity. After a discussion, all the Sharks opt out of the deal as there is no long-term play in the market and it is a play of financial arbitrage where the margins will keep decreasing.
Shark Tank India Season 2 Episode 39 Release Date
Shark Tank India Season 2 Episodes 39 will be released on February 23, 2023, at 10:00 p.m. (IST). New episodes are released every Monday to Friday.
Shark Tank India Season 2 Episode 39 Streaming Guide
You can watch Shark Tank India Season 2 Episode 39 on the channel Sony Entertainment Television. You can also stream all the episodes on SonyLIV App.