In a captivating episode of Shark Tank India, investor Aman Gupta stole the spotlight by closing a remarkable deal with a founder whose journey from a daily wage earner to running a Rs 10 crore company left everyone in awe.
Recently, on Shark Tank India, Aman Gupta showcased his shrewd investment skills by opposing Peyush Bansal‘s offer to a founder, Dadasaheb Bhagat, hailing from Beed, Maharashtra. Bhagat presented his graphic designing company, DesignTemplateio, seeking a Rs 1 crore investment for a 2.5 percent equity stake. What truly impressed the Sharks was Bhagat’s inspiring backstory.
During his pitch, Bhagat shared his humble beginnings as an office boy at Infosys, earning a meager Rs 9000 per month. Prior to that, he toiled as a daily wage earner earning Rs 80 per day. Despite facing numerous challenges, Bhagat’s passion for design fueled his journey to establish DesignTemplate.io in 2018. He also disclosed how familial responsibilities truncated his education after the 10th grade.
The Sharks, deeply moved by Bhagat’s perseverance, applauded his journey. However, as the discussion delved into the intricacies of his business, Sharks Vineeta Singh, Ritesh Agarwal, and Radhika Gupta decided to opt out of the deal. In contrast, Peyush Bansal extended an offer of Rs 1 crore for a 10 percent equity stake, along with royalty until recouping Rs 2 crores.
Aman Gupta, not one to shy away from making a bold move, countered with a generous offer of Rs 1 crore for a 10 percent equity stake without imposing any royalty obligations. His stance subtly took a dig at Peyush Bansal’s proposition.
After a brief negotiation, Aman sealed the deal for a 10 percent equity stake, investing Rs 1 crore in Bhagat’s venture. As the transaction concluded, Bhagat affectionately hailed Aman Gupta as the “Baazigar of the tech world,” signifying his admiration for the investor’s astute business acumen.
This remarkable episode of Shark Tank India exemplifies the power of determination and resilience in transforming dreams into reality. Aman Gupta’s strategic investment and unwavering support for budding entrepreneurs like Dadasahed Bhagat underscore the essence of the entrepreneurial spirit driving India’s startup ecosystem forward.
