Shark Tank India 4 is in its second week, and the viewers are amazed by the insights they are getting into the entrepreneurial industry. The show premiered on January 6, 2025, and showcases the most talented entrepreneurs from all over the country as they try to get investment for their businesses. Over the years, the show has become a much-loved business reality television series.
In a recent episode of Shark Tank India 4, a father-daughter duo pitched their family-run garment business, seeking Rs. 80 lakh for 2 per cent of the company. The duo valued their brand, Go-Devil, which was run by Vinish Arya and his daughter, Angel Arya, at Rs. 40 crores. Vinish revealed that he started the business in 2022 strongly but faced some struggles in the following months. The judges panel for the episode included Anupam Mittal, Peyush Bansal, Kunal Bahl, Vineeta Singh and Aman Gupta.
Vinesh Arya revealed that he had been working in the garment industry since 1998. He shared about his ups and down while being in the line of business. When asked about what impacted his business the most, he responded that his business was immensely affected by the recession in 2008 and then by the COVID-19 pandemic in 2020. As the 'sharks' continued to investigate more about the business, they found some holes in the figures and expressed their concerns.
When co-founder and CMO of BoAt lifestyle, Aman Gupta asked him to elaborate, Vinish said with a smile, "Life mein hi up down chala hai." Peyush Bansal, who is the co-founder and CEO of Lenskart called, him 'observant', as he revealed that he has been handling the designing part of his Gen-Z clothing brand and has taken inspiration by listening to the youth.
Further in the pitch, Vinish Arya revaled that in the first year his company made Rs. 1.44 crore. He made Rs. 2 5 crore in the second year, and in the third year, they have already made Rs. 2.75 crore in the first six months of 2024 and hoped to close at Rs. 8 crore. However, even after hearing the figures, the 'sharks' were not yet fully convienced and further questioned Vinish.
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The founder then revealed that he had invested Rs. 2.5 crore of his own money into the business last year. He shared that in order to do so he had to sell his house. He further added that he had also taken a loan of Rs. 3 crore from friends. Co-founder and CEO of People Group, Anupam Mittal was visiblily shocked to hear this, and advised Vinish to change his approach as he could foresee the latter was going down a risky path and digging a hole that would be extremely difficult to get out of.
Peyush Bansal on the other hand advised him to get a co-founder who can handle the business so Vinish can focus on design. He also told t e founder to say no to any loans from now on. By the end of the episode, Vinish and Angel could not convince the 'sharks' to make an offer and had to leave without a deal.
What are your thoughts on Peyush Bansal's advice to the Shark Tank India 4 pitcher?
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