The entrepreneur based in Bengaluru, Arvind, went on stage to launch Superbolter, his 3D interior design platform, aimed at helping young owners to design their own spaces and buy third-party products. Despite the work on the platform for five years, he admitted that he had not yet generated income.
Arvind, who previously worked in a similar company before leaving due to management problems, evaluated his business at Rs 150 crosses and asked Rs 75 Lakh in exchange for a 5%stake. He revealed that he had already spent 2.7 rapes raised by friends and family.
“Are you broken?” Investor Kunal Bahl asked. “Yes, I invest my own funds now,” replied Arvind.
Vineeta Singh wondered if he had already made an adjustment of the product market, stressing that after five years without any income, he should accept that he had no real customers. Arvind insisted that 300 users visited the platform daily, but Anupam Mittal was not impressed.
“You waste your time, learning the lessons learned by others five years ago,” said Anupam, stressing that similar companies had already failed. He urged Arvind to reconsider his path rather than continuing to burn money in a company in difficulty.
Kunal and Peyush Bansal refused to invest, although Peyush completed the platform. “Have you even used it?” Anupam made fun, expressing his frustration in the face of evaluation and lack of growth.
“You have lost your sense of reality,” continued Anupam. “You continue to inflate your assessment while barely survivors. This is an example par excellence to be disconnected from reality. You have to do something drastic.
While Arvind asked for the comments of the remaining investors, Aman Gupta referred The time prosecutionComparing Arvind’s trip to the protagonist who ends up taking a job. “You have to follow suit,” he advised.
Despite the recognition of investor criticisms, Arvind left without obtaining a supply.
