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Aman Gupta of Shark Tank India 3 says, “It’s Not a Business,” rejecting a startup that PM Modi has praised

<p>Prime Minister Narendra Modi even applauded a company proposal that Aman Gupta rejected on a recent episode of Shark Tank India, season 3. We saw the startup Daak Room’s founders making a business presentation. They clarified that Daak Room uses its marketing and merchandise to encourage actual writing. They then requested equity worth Rs 36 lakh in exchange for a 4% ownership share in their business.</p>
<p><img decoding=”async” class=”alignnone wp-image-394660″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-aman-gupta-of-shark-tank-india-3-says-its-not-a-business-rejecting-a-startup-that-.jpg” alt=”theindiaprint.com aman gupta of shark tank india 3 says its not a business rejecting a startup that” width=”998″ height=”665″ title=”Aman Gupta of Shark Tank India 3 says, "It's Not a Business," rejecting a startup that PM Modi has praised 3″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-aman-gupta-of-shark-tank-india-3-says-its-not-a-business-rejecting-a-startup-that-.jpg 510w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-aman-gupta-of-shark-tank-india-3-says-its-not-a-business-rejecting-a-startup-that–150×100.jpg 150w” sizes=”(max-width: 998px) 100vw, 998px” /></p>
<p>The founders of Daak Room said during their presentation that Prime Minister Narendra Modi had also given their company kudos. They said that Prime Minister Modi had sent them a letter of support, praising their company for serving as an inspiration to the next generation.</p>
<p>Aman Gupta, however, turned down the proposal, stating that it wasn’t a business. This used to occur a very long time ago. It’s not an enterprise. I’m leaving because I can’t give any more value since I don’t have the same enthusiasm for writing as you guys have,” he said.</p>
<p>Peyush Bansal similarly declined to invest in Daak Room, advising the owners to change their company’s focus to stationary instead. “I am unable to comprehend the precise nature of the service you are providing, nor the nature of your revenue model,” he stated.</p>
<p>Ritesh made a deal with the founders of Daak Room for Rs 36 lakh in return for a 6% share. In addition, he included a caveat in his offer, telling the pitchers that if the brand generated the anticipated amount of money, his interest would be reduced to 5%.</p>
<p>Season three of Shark Tank India premiered on January 22, 2024. Shark Tank India Season 3 saw the return of several well-known sharks from previous seasons, including Vineeta Singh, CEO of Sugar Cosmetics, Peyush Bansal, co-founder and CEO of Lenskart, Aman Gupta, cofounder of Boat, and Namita Thapar, executive director of Emcure Pharmaceuticals Limited. Amit Jain, the CEO and co-founder of Car Dekho, Ritesh Agarwal, the creator of OYO, Azhar Iqubal, the co-founder and CEO of Inshorts, and Radhika Gupta, the CEO of Edelweiss Capital, joined them on the panel.</p>

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