India Hemp and Co founders Jayanti Bhattacharya appeared in Shark Tank India Season 1 for raising ₹50 lakhs for 4% Equity at 12.5 Crores company valuation. India Hemp and Co. prepares nutrition health product which provides natural strength to the body.
Will the founders got the Deal from the Sharks? Find out in the India Hemp and Co. Shark Tank update.
If you don’t have time to read the whole story, here is a brief overview of what happened to the India Hemp and Co after the shark tank.
The founders came with an ask of ₹50 lakhs for 10% equity. Namita offered ₹20 lakhs for 10% equity and ₹30 lakhs for Debt until ₹30 lakhs is recouped.
After take a time by founders give counter offer that 50 lakhs as a debt or 50 lakhs for convertible note.
But Namita is said Shark Tank not allowed to issue convertible note and my offer is not negotiable.
After that Founder not take a deal.
| Company Name | India Hemp and Co. |
|---|---|
| Founder | Jayanti Bhatacharya |
| Founded | 2019 |
| Product | Nutrition Health Product |
| Ask | 50 lakhs for 10% Equity |
| Deal | No Deal |
| Sharks | No Sharks |
About India Hemp And Co.
Jayanti Bhatacharya founder of India Hemp and co. production a healthy nutrition product for human, Dog and Cat. Product having generic protein and Carbo Hydrates.
India Hemp And Co. Pitch
Amit: The sharks wants to know whether there was any problem in making health food or not.
Founder: said current time govt allowed to product for manufactured and sale.
Amit Jain: said about the company’s sales that your sales are not as high as they should be, on this
Founder: said that because I am a woman entrepreneur, you are saying this. On Founder’s reply,
Aman: said that you have to answer Sharks’s question and not judge their question. Because for Sharks, what matters is the Sells of the company and not the founder, whether he is a man or a woman. On this
Namita: said that there should be no problem in asking questions. Then Namita offered the founder Rs 20 lakh as 10 per cent equity and Rs 30 lakh as debt. After that founder take time for decision.
Founder: I Want to take time for make decision. After take a time by founders give counter offer that 50 lakhs as a debt or 50 lakhs for convertible note.
Namita: is said Shark Tank not allowed to issue convertible note and my offer is not negotiable.
Founder: After that I Cannot take a deal.
Final Words
We hope that you have got useful information from the recap of India Hem & Co Episode.
In the end I would like to say that Sharks Tank invests in only those companies which have a Hero product and have more opportunities for growth in the future.
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