Shark Tank India Season 3: Many entrepreneurs come to the show to pitch for their brand. Some impress the sharks and bag the deal but some of those return without taking everything. In the new episode of the show, Kanikka Dewanii came to pitch for her brand Mintree which is a beauty and skincare brand. She impressed the sharks with her pitch and they also started battling with each other to bag a deal with her because she shocked everyone by telling them about the revenue and profit of the company. Anupam Mittal commented on the profit and revenue while listening to her.
Shark Tank India Season 3: Anupam Mittal Shocked to Hear the Revenue and Profit
Kanikka Dewannii talked about the revenue and profit of her brand and she revealed the skyrocketing growth of the company. The revenue and profit stunned the sharks and their expressions told everything that they were in shock after hearing that. She revealed that the company earned 1 crore in FYI 18-19 with a profit of 2 lakhs, 3 crores in FYI 19-20 with the profit of 28 lakhs, 3.5 crores in FYI 20-21 with the profit of 4.5 lakhs, 5.4 crores in FYI 21-22 with the profit of 28 lakhs, and 9 crores in FYI 22-23 with the profit of 1 crore. The sharks were shocked after hearing that. Anupam Mittal said, “You are killing it girl.”
Sharks Fight to Lock the Deal
Peyush Bansal and Azhar Iqubal gave a combined offer of 90 lakhs for 3% equity + 1% royalty until 1.35 crore is recouped. Anupam and Vineeta gave the offer of 90 lakhs for 3% equity + 1% royalty until 1.35 crore is recouped. Kanikka countered the offer with 90 lakhs for 1.5% equity. Vineeta revised the offer and gave an offer of 90 lakhs for 2% equity but Peyush Bansal and Azhar got the deal for 90 lakhs for 1.5% equity.
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