Why Did Aman Gupta Tear The Check On Shark Tank India? The Shocking Reason Revealed
Why Did Aman Gupta Tear the Check on Shark Tank India? The Shocking Reason Revealed!
Why did Aman Gupta tear the check: In episode 7 of Shark Tank India, Aman Gupta stuns everyone by tearing up a check after offering a deal.
Discover the dramatic turn of events as the judges confront the entrepreneurs of Zorco, a vegetarian fast-food brand, and unravel the mystery behind Gupta’s unexpected action.
Why did Aman Gupta tear the check on the stage of Shark Tank India, what is the reason behind it?
An incident happened in episode 7 of Shark Tank 3, which has attracted the attention of many people. In this episode, Judge Aman Gupta tears the check in front of everyone after offering the deal.
After offering the deal to the pitchers, Gupta not only tore the check but also backed out from the deal and told the pitchers to forgive him. Let us know what is the reason behind this.
Deal given to fast food brand.
This incident happened when two brothers, Anand and Amrit Nahar, who run a fast food brand named Zorco, came to the Shark Tank with their deal.
Both brothers have demanded Rs 1.5 crore from the judge for 1 percent equity.
Let us tell you that this is a vegetarian food brand, which made all the judges taste its food. After this, all the judges also asked some questions related to business.
Two judges offered.
After the pitch ended, Zorko was given two offers, one of which was from Ritesh Agarwal, co-founder and CEO of OYO Rooms. The second offer was given by Aman Gupta, Founder and CMO of bOAT.
Both the sharks promised to give the brothers Rs 20 lakh for one percent equity and a loan of Rs 1.3 crore at 10 percent interest for three years.
Brothers gave a counteroffer.
The brothers counter-offered a loan of Rs 1.5 crore at 10 percent interest for three years along with 100 hours of consultant time for one percent equity.
To which both the judges reacted. Aman said that he cannot commit for hours like this and will not make false commitments.
Aman further said right now I want to support you, your energy is right, you need some instructions and can sit for discussion with his team.
Ritesh replied that I have no problem with the commitment of hours, you can take a commitment of 20 hours from me, but from Aman’s side, you have to trust and believe him.
Aman Gupta tore the cheque.
Despite this, the brothers insisted on giving time to Aman Gupta to advise him. After some discussion, Aman tore up the check and backed out of the proposal.
Disappointed, he also folded his hands and said, ‘Brother, please forgive me’. Along with this, Ritesh also withdrew the deal due to a lack of decision.
