Exclusive- Shark Tank India, Mehak Mody Pitches An AI-Based Cooking Assistant Appliance. Unfortunately, The Sharks Are Unimpressed. Know Here Why!
Exclusive- Shark Tank India, Mehak Mody Pitches An AI-Based Cooking Assistant Appliance. Unfortunately, The Sharks Are Unimpressed. Know Here Why!
-
TvTalks Team
-
2024-02-01T16:29:00+05:30
In the reality show Shark Tank India 3, Mehak Mody pitches his AI-based cooking assistant appliance. However, the sharks are unimpressed by the 30-minute cooking time for Kadai Paneer. They could not understand where Artificial Intelligence stands in their appliance. Even think how it is helping as the ingredients and the rest work are done.
Moreover, Anupam express that he had met him 1.5 years back and shared something. He said they have reached only 700 houses, after further grilling, Peyush made them an offer of Rs 10 lakhs at 0.5% equity and 90 lakhs debt at 14% interest for 2 years. Mehak stayed on the RS 100 Cr valuation because Peyush backed out. Besides, Mehak shared in her recent conversation with the media that,
Shark Tank gives them the ability to showcase their product. Further, he adds, India is right now the perfect place for growth, and Shark Tank becomes a marketing tool. When the product is showcased, it spikes up sales and the visibility of Appliance. Additionally, Mehak reveals his experience of being in Shark Tank India and pitching. He said there was the nervousness of being on TV, and translating all in English into Hindi was a bit fun and intriguing for him.
He added that Shark Tank India has been playing a mega role in the country. It is one of OYO, and they have had a massive turnaround, and it's super impressive. While talking about the brand, he shared; that they build their brand in the short term through their customers. They have hardly spent money on marketing, even VCs ask him about his formula. He tells them it is completely based on his own customers, and they bring new buyers