Shark Tank India Season 4: Anupam Mittal Accuses Delhi-Based Brand For Not Paying Fair Salaries

Last Updated: February 14, 2025, 12:52 IST

While Chokhat creator’s pitch, service concept and sales number pleased Shark Tank India courts, Anupam Mittal increased issues regarding her group administration.

Shark Tank India period 4’s current episode included Prachi Bhatia, the creator of Chokhat, a Delhi- based home design brand name. Following the intro, she requested Rs 50 lakh for 7% equity, valuing her business at Rs 7.14 crore. While her pitch, service concept and sales number excited the courts,Shaadi com creator Anupam Mittal increased issues regarding her group administration. Prachi exposed that for the initial 4 years, she ran the whole service alone. Although she later on became aware the relevance of constructing a group, she hesitated to employ a person due to fears that she may need to discharge them after a couple of months.

Just like Anupam, Aman Gupta as well ended up being worried, while Peyush Bansal mentioned that with this attitude, she will not have the ability to employ any person. The Lenskart creator claimed, “Aise toh aap kisi ko kaam pe nahi rakh paoge? Aapko kaise pata chalega kisey hire karna hai aur kisey nikalna hai (If this holds true, you will not have the ability to employ any person. How will you understand whom to employ and whom to fire)?”

Prachi Bhatia agreed with this and confessed that she still require guidance to improve her team building abilities. She then mentioned about bringing two people on board recently, one with a salary of Rs 10,000 per month and the other Rs 7000 per month. The Chokhat founder also revealed that her highest paid employee was earning Rs 15,000, but she fired them last month.

This led Anupam Mittal to ask, “On one side you say you want to do the best for these people, on the other hand, you are paying these people lower than minimum wage.” After Anupam increased his problem, Prachi discussed that she requires cash to develop a great group and for the exact same factor, she’s requesting this certain financial investment. She wished to see to it she had sufficient funds to pay the incomes of the brand-new staff members for at the very least one year.

Prachi Bhatia’s sincerity and aspiration excited the courts on Shark Tank India, bring about Anupam Mittal and Peyush Bansal collaborating for the offer. Although she really did not obtain the precise quantity she desired, however obtained Rs 30 lakhs for 10% equity and an added Rs 20 lakhs as a funding with 10% passion for one year. This financing will certainly assist her hire a lot more staff member and expand her service additionally.