Aman Gupta and Kunal Bahl Clash Over Investment Strategy on Shark Tank India
The latest episode of Shark Tank India Season 5 witnessed a tense moment as sharks Aman Gupta and Kunal Bahl disagreed sharply over a proposed joint investment deal. The conflict arose during the pitch by streetwear brand Gully Labs, founded by Arjun Singh and Animesh Mishra, who were seeking their fourth round of funding.
Gully Labs Pitch Impresses Sharks with Cultural Flair
The founders began their presentation with a vibrant dance performance, showcasing traditional dance forms while models wore Gully Labs shoes. This creative display immediately captured the sharks' attention, with many praising the brand's innovative designs and strong social media presence. Aman Gupta and Kunal Bahl revealed they were familiar with the founders, having previously encountered them during the brand's early stages.
Founders Share Inspiring Journey from Humble Beginnings
Arjun Singh detailed his background, stating, "I worked at JP Morgan in Australia and had experience with two startups before returning to India in 2022. I realized India's rich stories and design languages could create elevated, aspirational brands. Our start wasn't about business pitches; it came from a genuine feeling." Animesh Mishra added that they began with just an Instagram page and two craftsmen, now expanding to a team of 100 artisans.
Investment Negotiations Spark Heated Exchange
The discussion turned to numbers when the founders requested Rs 1 crore for 0.5% equity, valuing Gully Labs at Rs 200 crore. While most sharks countered with Rs 1 crore for 1%, Kunal Bahl suggested a collaborative approach, proposing that all sharks pool resources for a joint deal. Before he could elaborate, Aman Gupta interjected firmly.
"No no, wait a second. Please don't make decisions on my behalf. Mai nahi aa raha aap logon ke saath. Mai individual theek hoon (I am not coming with you guys. I am fine alone)," Aman declared, emphasizing his preference for independent investing.
Aman Gupta Secures Solo Deal Amidst Tensions
After extensive back-and-forth negotiations, Aman Gupta offered the founders Rs 1 crore for 0.57% equity, adjusting the valuation to Rs 175 crore. He celebrated the deal by wearing Gully Labs shoes, as other sharks congratulated the founders on their successful pitch. This episode highlighted the competitive dynamics and individual strategies among the sharks, underscoring Aman Gupta's assertive stance in the investment arena.
