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 in four stages of Shnchadz in India and left the judges with their bold matter. 1.5 pieces with only 0.5% equity, valuing their company, Fitelo, 300 Rs. For evaluation for evaluation anupam Mittal is a quint, “Your assessment is obese.”
Mehakdeep Singh and Sahil Basal, Fitelo’s founders, recognized it as the main option, said that the model had similarities for such rivals.
The founders found that they were rejected to the first two seasons of the Tank of India when their circulation was 1 Rs 1 Crore and Rs 4 Crore accordingly. Now, with the projected income of 100 Rs 100 Crore, they returned to a stronger field. “It simply came to our notice then.
Kyunal Bahle was referred to as a “smile curve” a sign that customers found a value in the product. However, he and the united mint and Ritesh Agarwal decided to go, believing that the business was prepared to make changes in the coming year. But Vineeta has seen potential and has made a proposal at a significantly low assessment of 75 Rs.
The playing field made an emotional turn when Nama Tatar and Kunal, Bhale shared their own experience with the body’s shame. Nama recalled that “Moti” was called a child, while Kunal opened the struggle with the weight, revealing that he had been weighing 112 kg at the age of 17 and was often ridiculed. “People didn’t call me in my name, they called me” Mota “. Those who did not face this will not understand how it humiliates it.
Moving to Fitelo’s focus on psychological support, Nama suggested that they could expand supplements. He decided to team with Vineeta, and they offered together 1.5 RS RS Rs 150 Crore, along with the royalty. The founders accepted, ensuring a transaction, which, while their initial inquiry was still a significant victory.