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The young business owner presented Memotag, a caregiving option motivated by his grandpa’s battle with mental deterioration.
Instead of a practical model, Reyansh provided the Sharks with a tag that really did not function. (Photo Credits: You Tube)
Some pitches make waves and some sink onShark Tank India For 18-year-old Reyansh, his chance at thrilling the Sharks became a lesson in harsh sincerity. The young business owner presented Memotag, a caregiving option motivated by his grandpa’s battle with mental deterioration. His vision? A clever tag that can track practices patterns, sharp relative in instance of an autumn and also produce geo-fencing to avoid clients from straying. In concept, it was a game-changing concept– one that he thought deserved Rs 10 crore, requesting for Rs 50 lakh for 5% equity.
But right here’s where points deviated. Instead of a practical model, Reyansh provided the Sharks with a vacant box and a tag that, well … really did not really function. He confessed the item was still in the idea phase and could not be shown. The Sharks’ preliminary inquisitiveness swiftly transformed to dissatisfaction.
Anupam Mittal, understood for his sharp wit, could not aid stating, “The just point functioning is Reyansh.” Meanwhile, Namita Thapar, usually receptive to healthcare innovations, advised him to refine the product before seeking investment. Reyansh attempted to salvage his pitch by claiming orders worth Rs 5 crore, but Anupam wasn’t buying it.
A quick probe revealed that no money had actually exchanged hands. “That’s not how it works,” Anupam explained, prior to providing a tough fact. “I assume your largest trouble is the technique that you have actually taken. You claimed that your item can do whatever, that isn’t the course to interruption, that’s the course to a sluggish and excruciating fatality. I do not want that upon you. But I’m out,” he said.
As Kunal Bahl and Ritesh Agarwal also declined to invest, urging Reyansh to be more prepared, it was Vineeta Singh who delivered the most stinging critique. Despite his young age, she didn’t sugarcoat her feedback.
“I’ve seen seven or eight campus pitches, but I’m sorry to say, this was the most disappointing. The fact that your product is at zero, and you’re cooking up so many stories around it to cover it up, makes it very difficult to trust you as a founder. You’ve made a beautiful box with great branding, but it doesn’t have a product inside. It’s a big no,” she claimed.
The bottle, Reyansh, left without an offer, however with a rough truth check from the sharks rather on the most recent episode.
