‘Not to be the monk who sold his Ferrari…’: Aman Gupta backs out, but Vineeta Singh bets on Good Monk in Shark Tank India 4

The wife of the old -tasting brand’s wife, Good Monk, was placed in the latest episode of Shark Tank India. Their demands? Unlike competitors, their products are smoothly mixed in food without changing his taste. To prove this, challenge “sharks” to test blind taste. Nobody can determine the right -to -supplement dish, leaving the founders a wide smile.

The founders of the good monk Amarberret and Sahiba requested 1 crusher for 1.67 % of the shares. Their product, the designer to be mixed in regular meals, is fascinated by sharks. Supporting all age groups – from children to the elderly – they have placed them as an easy way to meet daily nutrition needs.

However, Shark Azhar Iqubal was skeptical of his efficiency. While the founders emphasized that the supplement has no side effects, IQUBAL wondered whether the dependence on this was different from taking traditional nutritional supplements.

On the other hand, Vineeta Singh, CEO of Sugar Cosmetics, saw the same, the capabilities. It was related to the struggle that made children eat in good health and sharing, “This is a very real problem, and it is a problem for every family.”

The founders revealed that they had collected more than 12 rupees in financing, but they were burning 45 rupees per month. The real shock? 85 % of their spending went to marketing, which led to a total loss of 11 rupees. While imagining online sales to material stores, sharks were not convinced.

Vineeta Singh referred to the flawed spending strategy and advised them to cut marketing expenses and bring celebrities as the face of her brand.

It made a conditional offer: 50 Cham rupees for 1.25 % of property rights + 50 Dion Rs for 1 % for a period of 3 years, provided that they reduce marketing to 20 % of sales, reduce fixed costs, and they work within -5 % to -10 % of Ebitda in three months.

Other sharks retreated. Aman Gupta, citing several commercial problems, mocked, “I do not want to be the monk here who sells Ferrari to invest in your business.”

After deliberations, the founders faced – but Vineeta stood up. In the end, they accepted its offer, seal the deal.