Shark Tank India’s third season debuted with great fanfare, introducing six new ‘sharks’ to the judging panel. In a recent episode, the emotions ran high as each judge received heartfelt letters from their loved ones, injecting a personal touch into the proceedings. One of the startups featured in this emotionally charged episode was Daak Room, previously praised by Prime Minister Narendra Modi.
Founders Shivani Mehta and Harnehmat Kaur took center stage to present their startup, emphasizing its mission to revive physical writing through various initiatives. Their pitch struck a chord with the judges, who were deeply moved by the handwritten letters accompanying the presentation. Seeking Rs 36 lakh for a 4 percent equity stake, the founders passionately advocated for their cause.
Daak Room’s efforts were further validated by Prime Minister Modi’s acknowledgment, praising their contribution to preserving traditional writing methods and inspiring the youth. However, not all judges were convinced of the startup’s business potential.
While some, like boAt founder Aman Gupta, expressed doubts about the concept’s viability in the modern landscape, others, such as Edelweiss CEO Radhika Gupta, raised concerns about the clarity of Daak Room’s vision. Despite these challenges, Daak Room ultimately secured a deal with OYO CEO Ritesh Agarwal, who offered Rs 36 lakh for a 6% equity stake, with the potential for reducing his ownership based on meeting revenue targets.
The episode also spotlighted the diverse lineup of judges in the current season, with guest appearances from industry leaders like Deepinder Goyal, Azhar Iqubal, Varun Dua, and Ronnie Screwvala. Each episode of Shark Tank India Season 3 continues to captivate audiences with its blend of entrepreneurial spirit and human drama, offering a compelling showcase of innovation and determination.
