Shark Tank India 3: Offer for AI-powered beauty mirror locks firm's valuation to over 100 cr; Details here

Shark Tank India 3: In the latest episode of Shark Tank India 3, viewers witnessed a jaw-dropping moment when Peyush Bansal stunned the pitchers with an unexpected proposal to buy their company. The pitchers, including Abhit Sinha, Manoj Shinde, and Danish Jamil, showcased their AI-powered beauty mirror, designed to assist individuals in selecting the right makeup and skincare products for their daily routines.

Shark Tank India 3: Innovative product pitch

The innovative product utilizes GPT software to customize looks and recommend suitable products for users. With an asking price of Rs 1 crore for 0.75% equity at a valuation of Rs 133.33 crore, the pitchers aimed to attract potential investors.

Shark Tank India 3: Vineeta's hilarious wedding look mishap

During the pitch, Aman, Anupam, and Vineeta explored the product's features, testing various modules. However, Vineeta's attempt at a wedding look using the AI-tool turned into a comical disaster, prompting Anupam to humorously comment, "This one is a never marry look." Despite the mishap, Vineeta expressed interest in incorporating the product into their outlets, highlighting its unique use case.

Shark Tank India 3: Peyush Bansal's bold acquisition proposal

Vineeta proposed an offer of Rs 1 crore for 1% equity at a valuation of Rs 100 crore. However, Peyush Bansal surprised everyone by expressing his desire to buy the entire company, offering Rs 15 crore for a 51% equity stake. His proposition involved becoming the strategic investor and infusing primary capital into the company while diluting existing stakes.

Shark Tank India 3: Manoj's strategic decision, Aman's relief

In response to Peyush's offer, Manoj countered with Rs 35 crore for a 51% stake, prompting Peyush to opt out. Vineeta revised her offer, and ultimately, Manoj accepted her terms. This unexpected turn of events left Aman relieved and moved, as he embraced the pitchers, acknowledging the salvation of their company.

The episode of Shark Tank India 3 showcased the unpredictability and high stakes involved in entrepreneurial negotiations. With surprising twists and strategic decisions, the pitchers navigated through challenges to secure the future of their company, leaving viewers captivated by the dynamics of the investment arena.