A recent episode of Shark Tank India Season 4 presented a confrontation between two brands of self -worn plants – Kyari and Nurturing Green. While Nurturign Green was able to conclude an agreement with the co-founder and CEO of Sugar Cosmetics, Vineeta Singh, Kyari rejected the only and only offer they had in the show.
Agam Choudhary, founder of the Self-Arriation factory brand and Kyari plant tools, revealed in a recent interview why he refused the offer of 4 crores of ₹ by the founder of Titan Capital Kunal Bahl on Shark Tank India season 4.
He said that his Saksham Jain co-founder and co-founder were very different at the time and that they did not focus on the amount of a bank. He added that during their argument, they mentioned that they had a good amount of cash limit limit, given the funding of 6 to 7 months.
Choudhary also revealed how the manufacturers of shows would have projected them as founders who had no capital to do business.
“The way the episode was assembled suggests that we had no capital. If that was the case, how would we have survived to date? Shown completely differently.
He also said that the “sharks” had tried to dilute the company’s assessment, while adding that it had not concluded the agreement because it was lower than the valuation of the previous financing tour.
“Our evaluation was set at Rs 50 crosses in the last round that we raised in October 2024. In March, we collected funds at an evaluation of Rs 70 crore. After a tank of sharks, we win Rs 3.5 Each month.
During their arguments, the founders of Kyari requested funding of 80 Lakh in exchange for a 0.8% participation in their business, bringing their evaluation to 100 crosses.
The Bahl and Peyush Bansal of Bahl and Lenskart made an offer of 3 sterling books for 7.5% of Kunal equity and 1 crore of 1 ₹ for 2.5% of peyush equity, evaluating the company 40 Core.
The founders offered a counter of 1.6 Sterling books for 2% equity, evaluating their business at 80 crosses. Even after the disagreement of Peyush and Kunal, the founders remained firm on their evaluation.
Kunal, however, proposed to increase the evaluation to 45 crores of ₹, but said: “The big founders are decisive. Gajar Mooli Nahi Karte. Say yes or no.
