Currently on season 4, Shark Tank India fans eagerly tune into the tv to watch every episode. In a recent one, three young founders of a sales education platform, Hive School, presented their platform to the sharks. According to a report by News18, they aim to teach sales skills to young professionals and even prepare them for jobs. Valuing their business at Rs 12 crore, they requested Rs 60 lakhs for 5% equity. While stating that they earned Rs 45 lakh, in less than six months, the founders claimed that none of their graduates have left their jobs.
As per their belief, their platform fills a market gap, just like the platform UpGrad. During the pitch, CEO Nikhil claimed that it was the first college pitch made on Shark Tank India. However, some found his presentation over-the-top. During their interaction with the sharks, one of the co-founders said that the CEO is “toxic to work with,” while the other stated that he sometimes locked them up in a room.
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As the episode went on Aman Gupta questioned the pitchers on why their program lacks practical experience. However, Nikhil’s answer didn’t satisfy him. On the other hand, Vineeta Singh shared her own experience of cold calling people and how it would be humiliating and embarrassing when they would yell at her.
Quoted by the media publication, she said, “When I was starting out, the first shock that I got was when I would cold call people. They would yell at me. It was insulting. But it was an experience. I wouldn’t want to hire kids who have no practical experience in sales. I don’t want to listen to a strategy, I want to see sales.”
SEE ALSO: Anupam Mittal Slams Pitcher For Lack Of Business Clarity On Shark Tank India 4: ‘Wish You A Lot Of Struggles…’
While Anupam Mitall pointed out that the founders can’t teach sales if they don’t have enough experience, Kunal Bahl advised them not to seek funding right now. He added, “Funding will give you pleasure, but building a profitable business will give you happiness.” Bahl pointed out that their business needs to prove itself first. Agreeing with his fellow sharks’ comment, Peyush Bansal mentioned that it is too early for an investment. It was for the third time that a group of founders left the episode empty-handed.
