Many investments in Shark Tank India have proved to be a gold mine for the Sharks and in Season 1, Boat CEO Aman Gupta also got his hands on a gold mine. In fact, Aman Gupta had given only Rs 12 lakh to the founders of healthy snacks brand ‘Let’s Try’ in Shark Tank India and has now taken this brand to a valuation of crores.
Aman told that the investment of Rs 12 lakh has today reached a valuation of Rs 40 crore. The company has shown amazing performance over the years and Aman’s small investment grew more than 300 times.
Aman Gupta had joined hands with this company making healthy snacks
Shark Tank India judge and Boat founder Aman Gupta had invested only Rs 12 lakh in healthy snacks manufacturing company ‘Let’s Try’ in Season 1, at that time the other sharks had rejected the deal. Rest of the judge had to say that there are big companies like Haldiram in the chips-bhujia market, what will this small company do? But Aman had full faith in founder Nitin Vinod Kalra. Today, after five years, the same company has grown so much that Aman’s investment of Rs 12 lakh has reached the value of Rs 40 crore.
Recently Aman has also received an offer to sell his share for Rs 40 crore. He told that this was his best investment in the entire history of Shark Tank India. Aman said, “Those who take decisions just by looking at the excel sheet, they miss out on taking advantage of the opportunity. If you trust the right founder then you can become Rs 12 lakh 40 crore.”
Earned Rs 16 lakh in just five months
Let’s Try brand came in the first season of Shark Tank India, when the company was only six-seven months old. The founders had told on the show that sales were very good from the beginning and they earned Rs 16 lakh in just five months. He asked for Rs 45 lakh from the Sharks and was ready to give only 2 percent stake in the company in return. He also told that their chips-Bhujia are 15 percent costlier than big brands like Haldiram, yet they are giving good competition in just seven months. The sharks were impressed after hearing his words.
During the pitch, Ashneer Grover and Namita Thapar refused to invest. Namita said that the products are said to be healthy but they are fried. But Aman Gupta and Anupam Mittal liked the business very much. Together they negotiated a deal and asked for a higher share. In the end, Aman and Anupam together invested Rs 45 lakh and took 12 percent stake in the company.
Aman’s stake in this company
Today the same company has grown so much that Aman’s share has become Rs 40 crore. Fans are saying that Aman-Anupam had the best vision. After the show ended and the due diligence of the company was completed, Anupam withdrew from the investment and only Aman invested in the company. According to the Indian Express report, the company said that during the interview, they told that Aman had invested Rs 12 lakh for 7-8% stake in the company. According to reports, the valuation of Let’s Try has increased 50 times from Rs 3.75 crore at the time of the show to Rs 324 crore.
