We don't want to take money in Shark Tank! This is what Dil Foods Founder Arpita said in the Business Pitch and won the hearts of the Shark Judges. actually we Cocofit And Dhruv Electric In 2017, Business Investment Ask was seen for Shark Judge Expertise instead of money and valuation and now in this Shark Tank India Season 3 also a similar business Dil Foods placed Investment Ask to connect Shark Judge.
Why does Dil Foods Founder Arpita say – We are not going to take money in Shark Tank!
When Dil Foods Founder Arpita was giving the business pitch, she talked about raising ₹15.5 crore at a valuation of ₹75 crore. Shark Aman Gupta gets shocked at this and Shark Radhika Gupta asks him, then why did he want such a small amount of ₹50 lakh from Shark Tank India.
Shark Judge does not understand why after receiving such a huge amount, such a small amount is asked for in the Business Investment Ask.
At that time “We are not going to take money in Shark Tank!” Dil Foods Founder Arpita tells openly on this conversation. And she tells that;
- They want to make Dil Foods a big company and they need Shark Judge Experience and Expertise. He told on Shark Tank India that he wants to build a company as big as ₹7500 crore.
- Dil Foods knows that the perspective from which founders can think and help founders face challenges while increasing the business scale of operation, that experience is very useful.
- Dil Foods Founder Arpita told some of her business issues, which can be difficult and Shark Judge can help her in this. He told that now investment is being raised in his company and he will have to take special business decisions on time on topics like Stakeholder Management and Unexpected Crisis.
- We don't want to take money in Shark Tank! While all this was being discussed, all the Shark Judges made an offer. But Shark Aman did not make investment offer. He said that To Many Cook Spoil the Broth so he does not want to invest.
On which Dil Foods Founder Arpita said that “It takes a big army for a big company.” But Shark Aman still says that he wants to invest in those who need his time more.
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Conclusion
We don't want to take money in Shark Tank! We've seen this before on Shark Tank. But from the point of view we have included the words of Dil Foods Founder Arpita in this post, we can see how many qualities and preparations the entrepreneur has for this.
After all these things, make a Business SWOT Analysis and comment on the Business Challenge and Solution in detail of this Business Model that fills the need gap between Swiggy and Zomato players along with restaurants.