Entrepreneur Rajat Dua, who appeared on a current episode of Shark Tank India alongside along with his spouse Nidhi Tuteja Dua and his mom Rajni Dua, performed an ask-me-anything session on Reddit. For the unversed, Rajat and Nidhi had showcased the purity of their model Nidhi’s Grandmaa Secret’s hair oil by ingesting it, claiming that it was made utilizing 13 recent natural merchandise.
A pair pitching their concept to judges on Shark Tank India’s 4th season held an ask-me-anything session on Reddit. Learn on to know what they mentioned.(Reddit)
“The sharks called me impatient and in a hurry to build business,” Rajat mentioned whereas pitching the AMA session. He was referring to former Snapdeal CEO Kunal Bahl saying that he is in a rush. “When you have a history of failures and then you see one thing working well, we get impatient,” Bahl added.
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Rajat Dua addressed ingesting the hair oil on the present and mentioned, “It’s the time and day of hooks on social media. Drinking hair oil on national TV was our hook.”
One Reddit consumer pointed to boAt Co-founder Aman Gupta’s suggestion to let Nidhi pitch the product as a substitute of Rajat and mentioned, “Let her take decisions and you will make a great team.”
“My wife had this product idea but didn’t know how to scale business. But then I had experience in digital marketing, so we teamed up,” Rajat replied.
He additionally revealed how viewers misunderstood the dialog between him and Bahl, saying the aired episode was edited. Bahl had requested Rajat if he was getting impatient for achievement, to which the latter had replied saying he had 2-3 extra concepts if Grandmaa Secret fails.
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A Reddit consumer mentioned Rajat’s reply to Bahl’s ‘impatient’ comment was why he did not get funding from extra sharks and requested if he needed to return in time and omit it. “That reply did not come like that to Kunal’s query…In between Aman mentioned, ‘He’ll promote this model for ₹200-300 crore in 2-3 years…There may be greed.’ I mentioned there isn’t any greed by I’ve two extra concepts if this enterprise does not work out,” Rajat clarified.
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Responding to a third user asking who, among the sharks, was the most arrogant, Rajat said, “Aman was somehow fixed on our competition and asked me about them at least five times before I dodged his question. But ultimately, I had to answer his queries which he thought didn’t make sense.”
Grandmaa Secret secured their ask of ₹70 lakh funding for five% fairness from Shaadi.com Founder Anupam Mittal. He may also be entitled to 1% royalty on product gross sales until his funding quantity is recouped.