The release date of the 48th episode of Shark Tank India Season 2 has been disclosed. Since the season’s debut on January 2, 2023, the entrepreneurial show has gained a number of avid viewers. The interesting and innovative business ideas, along with nail-biting offers and the entertaining negotiations among the Sharks, have attracted the attention of the audience on a regular basis.
Before announcing the release date and streaming guide of the latest episode, let us have a quick recap of the previous episode, episode 47 of the show, to see what interesting deals took place there.
Shark Tank India Season 2 episode 47 opens with the pitch of Aditya Naithani, Shubham Agarwal, Prateek Singh, Nikhil Kumar Pathak, and Avnish Kumar’s ‘Brevistay.’ ‘Brevistay is an hourly hotel booking app as well as a website, which provides hotel rooms on 3 hours, 6 hours, and 12 hours basis, at affordable prices.
Shark Tank India Season 2 Episode 47 Recap
‘Brevistay’ started in 2016 with their hotel collaboration in 5 cities, and currently, they are in more than 70 cities and 3200 hotels. The app already has more than 10 lakhs (US$ 12k) downloads and more than 8 lakhs (US$ 973k) (800,000) bookings.
The app provides booking at any time of the day or night, even within 10 minutes. The average booking price is Rs. 800/ US$ 9.73 for 3 hours. ‘Brevistay’ has a Gross Merchandise Value of Rs. 18 Crores/ USS$ 2.2 Million, with Rs. 3.04 Crores/ US$ 370k as commission. ‘Brevistay’ asks for Rs. 1 Crore/ US$ 122k for 1.66%. All the Sharks opt out of the deal as the market for the business seems to be risky.
The next pitch is given by Punita Mittal and Mahak Maheshwari’s ‘SoulUp.’ ‘SoulUp’ is a peer-to-peer network where users can talk to a peer and share their emotional or mental problems. These peers are mainly the people who have had first-hand experience with the issue which the user is going through.
‘SoulUp’ is applicable for Attention Deficit Hyperactivity Disorder (ADHD), Bipolar Disorder, Depression, and Everyday life issues. The network is not a replacement for therapy but a parallel approach. The network is currently available across its own website. The website started in February 2022 and has had 200 peers and 700 conversations.
‘SoulUp’ offers calls of 45 minutes duration, with US$ 1.20/ Rs. 99 per conversation. In the case of group conversations, the fee is Rs 500/ US$ 6.1 per user per session.
‘SoulUp’ asks for Rs. 50 lakhs/ US$ 60,000 for 3% equity. As a counteroffer, Anupam and Vinita offer Rs 50 lakhs/ US$ 60,000 for 20% equity. Namita offers Rs. 25 lakhs/ US$ 30,000 for 10% equity and Rs 25 lakhs/ US$ 30,000 debt. Aman and Amit offer Rs. 50 lakhs/ US$ 60,000 for 15% equity. Namita revises her offer to Rs. 50 lakhs/ US$ 60,000 for 15%. ‘SoulUp’ counter offers Rs. 50 lakhs/US$ 60,000 for 5% equity. After a lot of negotiations, Namita closes the deal at Rs. 50 lakhs/ US$ 60,000 for 5% equity.
The next pitch is done by Surabhi Sanjana Rai and Desh Deepak SIngh’s ‘The Big Book Box and ChapterOne Books.’ The brand provides a solution for the readers in two ways – ‘ChapterOne Books’ is an online bookstore where it not only introduces the bestsellers to the users but also sells them at affordable prices.
‘The Big Book Box’ is a curated monthly book subscription that offers a collection of 4 books with their respective merchandise. ‘The Big Book Box and ChapterOne Books’ have delivered more than 70,000 orders and more than 3 lakh (approx US$ 3700) (300,000) books and merchandise.
‘The Big Box’ category has 1 book in Frappe, 2 books in Espresso, 3 books in Cappuccino, and 4 books in Mocha. The app provides subscription plans of 1 month, 3 months, 6 months, and 12 months.
‘The Big Book Box and ChapterOne Books’ has made a sale of Rs. 3.5 Crores/ US$ 426k from 2022 to date. The sales split includes Rs. 1.9 Crores/ US$ 231k from ‘The Big Book Box,’ Rs. 1.1 Crores/ US$ 134k from ‘ChapterOne Books,’ and Rs. 50 lakhs/ US$ 60,000 from Merchandise.
‘The Big Book Box and ChapterOne Books’ asks for Rs. 50 lakhs/ US$ 60,000 for 8% equity. All the Sharks opt out as they think that in the future, the public will be more into e-books than physical books. So, they don’t see the market rising.
Shark Tank India Season 2 Episode 48 Release Date
Shark Tank India Season 2 episode 48 will be premiered on March 8, 2023, at 10:00 pm IST (India). New episodes of Shark Tank India season 2 are aired from Monday to Friday.
Shark Tank India Season 2 Episode 48 Streaming Guide
Shark Tank India Season 2 episode 48 will air on the Indian channel Sony Entertainment Television. You can also watch all the episodes on SonyLIV App.
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