WHAT! Shark Tank India 3's Aman Gupta, Peyush Bansal FIGHT To Land A Deal With An Exciting AI Product, Here's What Happened - WATCH
Aman Gupta and Peyush Bansal were impressed by an exciting product called AI Kavach and both fought for the pitcher to get her the deal
In the third season of Shark Tank India, viewers were introduced to a plethora of astute entrepreneurs, among whom was Pratyusha, the founder of AI Kavach. This innovative venture offers a protective shield against fraudulent websites, calls, and messages, safeguarding users from online scams. Pratyusha's compelling pitch left the investors thoroughly impressed, sparking a bidding war between Aman Gupta and Peyush Bansal for a stake in her business. ALSO READ: Shark Tank India 3’s Anupam Mittal Takes Potshots At Aman Gupta: Ye Koi Speakers Bechne Ka Dhanda Thodi Hai
Opening her pitch with a bold assertion about our devices eavesdropping on conversations, Pratyusha highlighted the uncanny phenomenon of receiving targeted ads based on real-life discussions. AI Kavach, her brainchild, acts as a vigilant sentinel, detecting and warning users of potential scams in real-time. Seeking an investment of Rs 50 lakh for a 1.25% equity stake, valuing her company at Rs 40 crore, Pratyusha demonstrated her confidence in the venture's potential. ALSO READ: Shark Tank’s Vineeta Singh Slams Ranbir Kapoor’s Animal, Says’ 'Film Allows Negative Characters To Get Away With It' - WATCH
Acknowledging their own encounters with fraudulent activities, the investors resonated with Pratyusha's mission. Despite her vision of transitioning AI Kavach into a B2B enterprise drawing skepticism, Aman Gupta was quick to recognize the opportunity. Expressing his belief in his ability to navigate the Indian business landscape, Aman extended an offer, emphasizing his proficiency in local business dynamics over monetary prowess. Pratyusha, backed by over 18 years of industry experience, including stints with global security firms, stood poised to embark on this entrepreneurial journey with newfound support.
In a captivating turn of events, Aman proposed an offer of Rs 50 lakh for a 4% stake in Pratyusha's company, valuing it at Rs 12.5 crore. Seizing the opportunity, Peyush Bansal also entered the fray, articulating his case for collaboration with Pratyusha. Eventually, he extended the same offer she initially sought. However, Aman, not one to be outdone, reentered the negotiation arena, matching Peyush's offer and emphasizing the advanced technology of his own product, symbolized by his smartwatch.
As the two investors engaged in a fervent bidding war, Pratyusha astutely presented a counteroffer, proposing a partnership wherein she would relinquish a 5% share of her company in exchange for Rs 1 crore. Amidst deliberations, Vineeta Singh prompted Pratyusha to reconsider, acknowledging the wealth of experience possessed by the investors. Appreciating their expertise, Pratyusha eventually struck a deal with them. While Peyush was prepared to seal the agreement, Aman swooped in with a declaration: "I will do it for you," solidifying their partnership.
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