The much-followed entrepreneurial show Shark Tank India is back again with Season 4 on Sony Liv. A total of 4 episodes of Shark Tank India have aired and it has already started to make waves in the business as well as entertainment fraternity. The panel of investors of Shark Tank India Season 4 includes Vineeta Singh, Namita Thapar, Aman Gupta, Ritesh Aggarwal, and this season’s newest member, Kunal Bahl. While the sharks are ultra-rich and enjoy a lavish lifestyle themselves, a 26-year-old entrepreneur shocked them all when he arrived at the Tank wearing Rs 10 lakh worth of shoes.
Shark Tank India Season 4 Culture Cirle
Gurugram-bassed Co-Founders of Culture Circle Devansh Jain Nawal, 26, and Ackshay Jain, 27 sought an investment of Rs 1.2 crore in exchange for 0.65 percent equity i.e. on a valuation of rs 240 crore.
The Co-Founders in their pitch explained, "Even today, luxury brand's latest collection has too many loopholes. As per our research, there are 86 percent chance that you (Aman Gupta) may have overpaid for a sneaker. Vineeta and Namita whenever you have bought a watch or handbag from a luxury re-seller, there are 36 percent chance that those are fake. But, Sharks it's now time to upgrade and give India an access pass to the largest connection from the coolest, hyped luxury brands."
"Culture Circle is India's premier marketplace for high and luxury fashion. On Culture Circle you will get authentic drip across sneakers, hang bags, and streetwear. etc. Culture Circle also verifies the prices of almost all global resellers on one app. We guess the best price. Investment asked Rs 1.2 crore for 0.5 percent i.e. total valuation of Rs 240 crore.
Shark India India Season 4 Dior AJ Shoes
Devansh Jain Nawal did his Engineering from NSIT Delhi and then did his MBA from IIM Ahmedabad. While they were still pitching, boAT Co-Founder Aman Gupta pointed out, "Let me tell you all, the shoes that Devansh is wearing are worth Rs 10 lakh."
Namita Thapar shockingly said, "What?"
Devansh responded, "It's Dior AJ. In the market place, its price is Rs 10 lakh, but on Culture Circle you can get it at Rs 6.5 lakh. That is our USP."
Snapdeal founder Kunal Bahl said, "Even if I combine the price of my all shoes, it won't be Rs 10 lakh.
About Dior AJ Shoes
True Scoop tried to dig more about Dior AJ Shoes. As per sneaker plug India, Dior AJ Shoes are "Italian-made and feature a white and grey upper with “Air Dior” punched into the iconic Wings logo, while an all-over print in a high-quality jacquard acts as the Swoosh logo of the silhouette.
(PC: Google)
A translucent icy sole with a graphic beneath, subtle contrast stitching, and metallic chrome hangtags accompany the rumored $2,000 sneaker, while nine eyelets confirm that the canvas in question is indeed that of a High. The choice of light grey is a nod to the French atelier’s history as the hue was a mainstay of the brand since its founding in 1947."