The co -founder and CEO of Sugar Cosmetics, Vineeta Singh, is in the news for having called an entrepreneur for not having respected the species in a recent episode of Shark Tank India Season 4. Prasanna Vasanadu, the founder of the health brand for Children Tikitoro came to the program to present his company.
Vasanadu said that she had noticed that there were not as many products for children in the age group of 3-6 as for babies, which invented her to start Tikitoro. The founder requested funding of 25 Lakh in exchange for 0.5% participation in her business, bringing the total evaluation to 50 crosses.
During her argument, the founder of Tikitoro also mentioned that she provided income of 17 crores of ₹ this year but that she is burning money.
She also said that she had not yet lifted capital, while adding that she and her husband had invested a total of 14 crosses in the company and are ready to spend another 5 ₹.
When asked why she had invested so much money in the company, Prasanna said that she had spent about 6.5 crosses to buy stocks due to an expedition crisis that had an impact negative on his business. Despite this, she mentioned that her corporate fundamentals are improving.
Singh begged to postpone and said that the money that had been used to buy stocks is blocked. “Keep 12 months of inventory in a company like this is a suicide. All this is money blocked. This means that there is a lack of respect for species. »»
By learning that Vasanadu spends about 20 lakh per month on independent consultants, Peyush Bansal of Lenskart asked him to hire people who are hungry to learn instead of opting for the fractional ecosystem.
“Second, you need someone who can discipline you. You have a cash to use you, but you need someone to make yourself responsible. I don’t think your husband makes you responsible today ‘ Hui. “
The director general of Emcure Pharmaceuticals, Namita Thapar, offered Prasanna 25 Lakh for 1% of equity as well as a guarantee that it will achieve its targets of 17 revenue for the year. Thapar also requested 0.5% in a fee until it recovers its main amount. In the end, Prasanna went with Namita’s offer.
