Half of India is eager to sit in the shark tank’s lap, this company rejected the ready-made deal. Why ptal startup

The craze for startups in India is so high that almost people are desperate to open their own startup. According to the DPIIT report released on December 31, 2023, more than 1,17,254 startups have been recognized in India. A surprising news has come from this world of startups.

P-TAL, a start-up manufacturing brass, copper and bronze products, has the rare distinction of being the first company to win deals from all five investors on the “Shark Tank India” panel. Now, it’s ‘returning’ the check to the Sharks.

The deal was for 20 lakhs

When the company appeared on Shark Tank India Season 3, P-TAL got a deal worth Rs 20 lakh each from Sharks Aman Gupta, Anupam Mittal, Amit Jain, Namita Thapar and Vineeta Singh for 0.64% equity. In an Instagram post shared a day ago, the company said that they are returning the offer made by the Sharks.

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Why was the check returned?

The company wrote in an Insta post that when we went to our artisans and shared this with them, they were very happy and had tears of joy in their eyes. To express our gratitude, we are sending each of the five sharks a check on their behalf, wishing them love, respect and blessings. And a P-TAL product exclusively hand crafted by them. He is also sending it.

What is this shark tank?

Let us tell you that Sony TV’s famous reality show and Business Investors Shark Tank India is a very popular show in India. In the show, new entrepreneurs bring their business ideas and try to raise funding for them by presenting their business models to the judges of the show. The judges of the show are worth crores and have created many big Unicorn companies in the country. If they like the idea then they invest in it.

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Brijesh Pratap
Brijesh Pratap

Hi, I am Brijesh Pratap, a content creator and WordPress website designer, I have been in content writing for more than 3 years. I specialize in creating engaging articles. As a WordPress expert, I design websites for businesses and bloggers, aiming for both visual appeal and impactful content. Join me on this journey of creative exploration and effective online solutions.

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