10 Failed Pitches on Shark Tank India Season 3

Introducing the third season of Shark Tank India brought forth a flurry of innovative ideas and passionate entrepreneurs, each vying for the opportunity to secure investment from the formidable panel of Sharks.

However, amidst the excitement and anticipation, there emerged a collection of pitches that failed to captivate the discerning investors. Here, we delve into the realm of entrepreneurial ambition and disappointment as we explore the top 10 failed pitches of Shark Tank India Season 3.

From Aretto's endeavor to revolutionize children's footwear with patented technology to Nabhi Sutra's ambitious foray into Ayurvedic belly button oils, the stage was set for groundbreaking concepts. Yet, despite their enthusiasm and vision, these ventures encountered obstacles that hindered their quest for investment.

WeHear, with its pioneering SmartHeadphone technology, and Kalakaram's mission to foster creativity in children through DIY kits, showcased ingenuity and purpose. However, the Sharks remained unconvinced, raising doubts about the viability of their business models and the efficacy of their strategies.

Similarly, Zorko's vegetarian fast-food chain, Bartisans' innovative cocktail crafting solution, and 80 Wash's waterless washing machine all failed to secure the backing of the Sharks, despite their potential to disrupt their respective industries.

Conscious Chemist's blend of natural and scientific skincare formulations and Homversity's accommodation platform both faced challenges in articulating their strategies effectively, ultimately leading to a lack of investor interest.

Even established brands like WTF, a prominent gym and fitness franchise, were not immune to scrutiny, as grammatical errors and strategic inconsistencies undermined their pitch, resulting in a unanimous decision by the Sharks to abstain from investment.

Thus, as the curtain falls on Shark Tank India Season 3, these failed pitches serve as a poignant reminder of the inherent risks and complexities of entrepreneurship, where passion and innovation must align with strategic acumen and investor scrutiny to achieve success.

Aretto

One of the most-talked failed pitches in the third season of Shark Tank India is from Aretto. Satyajit Mittal who is the CEO and Founder of this company had come from Pune to pitch his new business idea before Sharks. 

Now, Aretto is a shoewear brand which is known for making highly comfortable shoes. The primary target of this footwear brand is from age 1-10 years old.

This brand has a patented technology which makes shoes for kids in a free size. The three features that make this technology work are Super Grooves Technology, InfiKnit Fabric, and Squishy Foam.

At the end of the pitch, the CEO and Founder of this company asked for Rs 80 lakhs for 1% equity. Very soon the Sharks found out various reasons to not invest any money on this company. One of the greatest reasons was that he was being too narrative. 

Nabhi Sutra

Vaibhav Shah and Swati Vakharia are the founders of Nabhi Sutra. Not many will know but, this company is India’s very first Ayurvedic belly button oil company. Both the founders of this company was present in the Shark Tank India season 3 pitch and explained to the sharks about their products. 

Both the founders explained to Sharks that they not only expand these Ayurvedic products to India but, to other parts of the world as well. Very immediately, they gave their asking price before the Sharks which was Rs 60 lakhs for 3% equity of their company. The total valuation of Nabhi Sutra came to Rs 20 crores. 

Soon after their pitch was finished, the Sharks started giving out questions of why they started this brand targeting only one area. But, the figures that they gave to Sharks were very impressive. Sharks were not impressed when they heard that this company spent 54% on marketing sales. 

WeHear

Another amazing company which did not receive the amount they had asked the Sharks. Kanishka Patel and Raj Shah who are the founders of this company had come to pitch on the third season of Shark Tank India. 

WeHear is such a company that makes hearing solutions with advanced technology and sell them at a very affordable rate. Interestingly, the product WeHear OX is the world’s very first “SmartHeadphone” which works on innovative bone conduction technology.

After their pitch, the founders of this company asked Rs 2.5 crores for 1% of their equity. These figures proved the total valuation of the company which was Rs 250 crores. 

Unfortunately, some of the Sharks in the show did not trust the technology they used in their product. Additionally, the unconventional funding of this company did not impress the Sharks. 

Kalakaram

The founder of this dedicated brand Kalakaram which sells children’s DIY kits Chaitanya Malhotra did not get what he asked for.

The idea and the problem this company was solving was very unique but, due to some reasons, it did not catch the attention of the Sharks. Now, the DIY kits made by this company are targeted at children aged 4-10 years. 

The goal of this company was to reach as many kids as possible so that they could start thinking creatively. Very soon the founder of this company asked for Rs 50 lakhs for 2.5% of equity which was valued at Rs 20 crore. Sharks highly appreciated the name of the brand because it was connected to the founder’s grandfather. 

Zorko

The founders of Zorko Franchise brand started off very amazingly but, they did not receive the amount they asked for from the Sharks. This company even revealed before the Sharks that they opened 150 fast-food outlets in just 17 months. Now, not many people will know about this brand, it is a vegetarian fast-food chain in India. 

Amrit Nahar and Anand Nahar who are the founders of this brand came into the pitch. This brand offers a variety of fast food, keeping the health matter in mind at a very affordable price tag. Very soon they asked Rs 1.5 crore for 1% equity which was valued at Rs 150 crore. 

Aman and Ritesh did give a good offer to these founders but, it did not go very well. But, because of their indecisive behavior, they all got out. 

Bartisans

Bartisans is one of the most unique and amazing companies that came into pitch in the third season of Shark Tank India. This company was started by the mother-son duo who are Jovita and Jordan Mascarenhas. The product of this company is to simplify the process of making or crafting cocktails at home. 

When presenting the demo for making cocktails very easily, all the Sharks loved the process. They highly appreciated the taste and the process of making cocktails at home very easily.

Additionally, the taste was also loved by all the Sharks in the show. They did not take the offer from Sharks becasue they did not want to take any debt. 

80 Wash

It is a product which was being launched at the third season of Shark Tank India. 80 Wash is a washing machine which does not use any water and cleans any clothes within 80 seconds. Rouble Gupta and Varinder Singh are the co-founders of this amazing product. 

The ask from the founders of this product to the Sharks was Rs 1 crore for 2.5% equity, so the total valuation was Rs 40 crore.

During the demo part, the stains that were put in a cloth did go away but, it did not give any fresh smell. All the Sharks found out that they were not very confident about the product and that is why they did not invest in this product. 

Conscious Chemist 

Another amazing startup brand that did not get funded in the third season of Shark Tank India is Conscious Chemist. Robin Gupta and Prakher Mathur are the founders of this amazing company. This company makes a mixture of natural and scientific formulas for various skincare products. 

The founders of this brand asked for Rs 60 lakhs for 2% equity and the total valuation was Rs 30 crores. Very soon the Sharks found out that this company had a great confusion in their strategies. So, that was the reason why all the Sharks went out and did not fund any to this brand. 

Homversity 

I am sure many people looking for hostels or any accommodation have looked for using this platform. Yes, this platform had come to the third season of Shark Tank India but, had to go back disappointed. 

Because of his lack of strategy and planning all the sharks did not want to participate in investing. 

WTF

I am sure many people have heard of this top gym and fitness brand in our country. Both Vishal and Anita Nigam are the founders of this gym and fitness brand. This brand is offering gym memberships and other products online and an affordable rate. 

One of the Sharks in the show found out lots of grammatical errors on their project screen. This was surely not a great first impression of the company. Aman Gupta found this business very confusing and the strategies they were using were not very correct. 

From the business model all the Sharks got out of this business and did not invest a single rupee.