From rejection to Rs 150 crore deal: Fitelo founders land Vineeta Singh and Namita Thapar’s offer on Shark Tank India 4

A couple of young entrepreneurs walked to the Shark Tank India 4 stage and left the judges, surprised with their bold request – 1.5 rupees for only 0.5 % of property rights, with the evaluation of their company, Fitelo, at 300 rupees. Anopam Mittal evaluation boldness prompted Quip, “Your evaluation suffers from obesity.”

Mehakdeep Singh and Sahil Bansal, Fitelo founders, have shared that their struggles with weight loss have created a clear, designed application not only on diet and exercises but also the psychological aspects of weight management. Anopam admitted that this is a major discrimination, he indicated that the model carries similarities with competitors such as healthyme.

The founders revealed that they were rejected in the first two seasons of Shark Tank India, when their rotational rate was 1 crusher and 4 crores, respectively. Now, with expected revenues of 100 rupees, they returned with a stronger stadium. “There should be something magical about your application,” note Vineeta Singh, admire the user’s retaining rate.

Konal Bahl referred to this in the name of “smile curve”, a sign that customers have found value in the product. However, he chose he, Anupam Mittal, and Ritesh Agarwal Traffic, believing that work was ready for changes next year. But Vineeta saw the potential and offered a show – with much lower evaluation than 75 rupees.

The stadium took an emotional turn when Namita Thabar and Konal Bah shared their own experiences with shame in the body. Namita recalled that “my death” was called as a child, while Konal opened around his struggle with weight, and revealed that he was 112 kg and was often mocking him. “People did not call me in my name, they called” death “. Those who did not face this will not understand the extent of his insult.”

By focusing Fitelo on psychological support, Namita suggested that they can expand nutritional supplements. I decided to cooperate with Vineeta, and together they shown 1.5 rupees with a rating of 150 rupees, along with ownership. Before the founders, the deal was secured, although it was less than their initial request, it was still a big victory.