Shark Tank India 4’s first repeat pitcher shocks with Rs 10 for 1% equity offer, wins a 5-judge deal

Ashutosh Kumar, founding father of Offmint, made Shark Tank India historical past by turning into the first entrepreneur to pitch twice with completely different manufacturers. His first look throughout Season 2 ended with out a deal, however it left a lasting influence. The Sharks’ encouragement again then modified his life, setting the muse for his return with a new enterprise. Nevertheless, his journey again to the tank carried deeper private stakes.  (*10*)

Ashutosh clarified that he wasn’t in search of funds however fairly the Sharks’ experience. “I’m not right here for the cash; I’m right here to hunt the Sharks’ experience as Guru Dakshina,” he stated. His aim by means of Offmint is to honor his late father’s reminiscence whereas constructing a sustainable fast-fashion model.  (*10*)

When Anupam Mittal requested Ashutosh to share his story, he revealed a heart-wrenching element — he misplaced his father on the identical day he appeared on Shark Tank India 2. “It was my breaking level,” Ashutosh shared, visibly emotional. He had no selection however to step up and take accountability for his household. His story moved the Sharks, with Aman Gupta admitting, “I acquired goosebumps listening to his story.”  (*10*)

Amid grief, Ashutosh discovered power in his household’s help and an surprising ally — Rani Ahluwalia, a Shark Tank India fan from London. Believing in his imaginative and prescient, she invested Rs 5 crore and have become the co-founder of Offmint.  (*10*)

Rani’s preliminary funding gave Offmint a stable begin, however Ashutosh returned to the tank with a distinctive supply — he requested for simply Rs 10 in change for the Sharks’ steerage. Namita Thapar was fast to again a five-Shark deal. Nevertheless, Anupam Mittal had questions concerning the model’s USP and gross sales figures earlier than agreeing.  (*10*)

In the end, the Sharks supplied Rs 10 lakh for 4% equity. Ashutosh sealed the deal with all 5 — Anupam Mittal, Aman Gupta, Vineeta Singh, Peyush Bansal and Namita Thapar. The Sharks admired his perseverance and mission. Offmint, recognized for its eco-conscious strategy, provides each buyer a pen embedded with seeds as a reminder of its sustainability pledge.  (*10*)