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In today's business news,
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India's fashion industry
is about to hit a staggering
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₹7.5 lakh crore by 2026.
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Wow!
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Fashion is definitely the future.
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So, we should be investing
in the fashion business, right?
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Right!
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To take this industry
to the next level and beyond,
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we are building a fund.
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The Fashion Entrepreneur Fund.
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New ideas,
young start-ups, big investments.
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Can you hear money jingling?
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Ka-ching, ka-ching, ka-ching!
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Welcome to Pitch To Get Rich.
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Fashion and business both
can make you rich.
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All you have to do is pitch.
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Fourteen founders.
Fourteen companies.
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And eight pitches.
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So, who will land the investment?
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In each episode,
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founders will pitch
their unique brands to our panel,
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whom we call Angels.
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Manish Malhotra.
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Who doesn't know him?
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As an angel,
design and detail are his DNA.
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Dhruv Sharma.
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Gives style, strategy and
ambition a bold new identity.
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In the form of an angel,
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he's the true champion
of budding entrepreneurs.
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The diva herself...
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none other than Malaika Arora.
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Impressing this angel
of fashion is no easy feat.
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Darpan Sanghvi.
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Facing the highs and lows
of entrepreneurship,
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he has become a true inspiration.
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As an angel, he's the king
of the number game.
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With every pitch,
the Angels will be joined by
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two famous personalities from fashion,
Bollywood and business worlds
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as guest Angels.
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Here, the founders will
pitch their products,
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their finances,
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their future and much more.
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And they will keep pitching
until they hear all six buzzers.
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You have my buzzer.
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Buzzers that can
change their destiny.
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All right!
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See you in the Board Room, guys.
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Let's talk business.
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Six Angels and their six buzzers
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means Board Room access.
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After entering the Board Room,
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it's a game of asks and offers.
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They should change the name
of this room.
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They should call it the dhanda room.
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Do you want to take this offer?
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The biggest risk
is not taking any risk!
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As the companies receive investment,
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our fund will keep decreasing.
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Oh, shit!
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I am going home, brother.
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So, get ready for high fashion!
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I believe in your brand.
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High drama.
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It's mediocre.
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And high stakes.
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Yes! Yes! Yes!
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Pitch To Get Rich.
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- Super.
- It's pretty crazy.
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Time to meet
our Made in India company.
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This is amazing.
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Fourteen companies
handpicked from thousands.
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Each one has a brilliant idea
and a unique story.
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It's a very novel concept.
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And the growth of fashion
is essential in India
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because we still operate as silos.
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We require a powerhouse
to unify them.
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This is the only platform
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where start-ups from different
levels come to one place
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and make a sincere attempt.
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Right now, you are company-owned,
company-operated.
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Absolutely.
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And how many stores?
Two stores?
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- Three stores.
- Three stores.
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- What do you go by?
- Vardi.
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- Vardi.
- Oh, interesting name, yeah.
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- Well, we're a womenswear brand.
- Okay.
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And these are
detachable accessories.
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I can place it
on his vardi if you want.
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And it's called Love, Kiki.
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Love, Kiki.
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Who is Kiki?
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Kiki is my inner voice.
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This rabbit guy. What's he doing?
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He's wearing a mask.
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Wow! Lovely.
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- Hi.
- Very interesting.
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But it's
a great conversation starter.
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The starting is pretty clever.
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It's like Uorfi Javed,
playing on shock value.
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Yeah.
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- Hi.
- Hello.
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- Hi, I am Karan. How are you?
- Hi.
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Good to see everyone.
How is everyone doing?
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Great!
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All right. Oh, my God. I can't not
address the rabbit in the room, right?
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So, what is our show called?
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Pitch To Get Rich.
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Our title contains both words
of prime importance.
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What do all of us in this room want?
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We want money, right?
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And... we are money.
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We are
the Fashion Entrepreneur's Fund.
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We mean business.
We have the money.
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And do you want to know
how much money we have?
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Wow!
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₹30 crore! Ka-ching! Ka-ching!
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Ka-ching!
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If you ask any of the founders,
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₹30 crore can open
a lot of doors.
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We want ₹15 crore
against 5% equity.
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If they give us ₹15 crore,
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our brand can move five-fold
from the position it currently is.
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₹30 crore is a very big amount.
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But we were also thinking about
the maximum ask people will have.
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How much will they pitch
for ₹30 crore
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to be distributed
among everyone?
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Even they are passionate
about business like us.
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They are also working hard.
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But now it seems like
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there's going to be
a fight for the money now,
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like "I'll take this much
or this much."
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This we can feel now.
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The very first challenge
to all of you here in this room is
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that your pitch will
have to be all of 60 seconds.
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Oh...
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And not more than that.
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We've never explained the brand
in less than 60 seconds,
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because there are
so many aspects to tell.
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How much can we cover in 60 seconds?
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Should we tell them about our sales
or our journey?
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Should we introduce ourselves?
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Tell them about our vision
or our business?
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Just very nervous about the pitch
because we've never done
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this sort of thing ever.
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I can't wait to get
this business party started.
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So, is the party on?
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- Yes!
- All right, here goes.
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Welcome to... Pitch To Get Rich.
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Thank you.
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We've done extensive work
in 10 years.
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We've achieved so much
and still are.
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How can we explain
everything in 60 seconds?
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Four things need to be covered,
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and that basically means
15 seconds to each area.
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You're wasting words here, brother.
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Let's infuse it to one.
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Are we finally saying
15% commission or 20%?
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- Tough, isn't it?
- Absolutely.
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Because jeans can be bought
in two ways.
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None of them are saying revenue.
Just us.
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Hello and welcome to
the very first red carpet of
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Pitch To Get Rich.
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Our permanent Angels will hear
each founder's 60-second pitch.
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Imagine what they must be
going through
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if you have to make
an entire pitch in 60 seconds.
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I think that's a huge task.
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A business decision is
hard to take in 60 seconds.
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But you can make an impression.
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And that's the start of everything.
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So, what are you expecting from
the 60-second pitches today?
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Lots of energy, lots of new ideas.
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India-originated.
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Globally relevant ideas.
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I started working in 1990.
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If we had this kind
of platforms back then,
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things would have been so different
and so nice.
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Also joining us today
are our special guest Angels...
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Manju Yagnik,
Vice-Chairperson, Nahar Group.
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And the effortlessly fashionable
filmmaker Karan Johar.
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When I told them they have
to make a pitch in 60 seconds,
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I could feel a lot of exhilaration,
nervousness, excitement and energy.
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And I can't wait to go and hear
what's going to happen in 60 seconds.
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All right, everybody.
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Are we ready
for the 60-second pitch?
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- Yes.
- Absolutely.
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- Let's do it.
- All right. Let's do this.
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- Ooh, ₹30 crore!
-₹30 crore.
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Can we have the first pitch, please?
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♪ Want to get rich? ♪
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♪ Come on and pitch ♪
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Are you ready
for your 60-second pitch?
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- Yeah.
- Yes, we are.
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All right.
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Three...
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two...
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one...
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India is ready for a revolution
in bridal couture.
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India is ready for honest luxury.
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The way it's personalised,
the way it's priced,
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the way it's retailed.
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Talking Threads is building India's first
real bridge to luxury designer brand.
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What is the issue?
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At one end,
there's top-tier designer luxury,
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which is very beautiful.
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But the price is inaccessible.
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On the other end
is the retail mass product,
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which is pretending to be luxury.
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Completely uninspiring
product and experience.
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Talking Threads is changing that
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with personalised luxury,
a world-class retail experience
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and unbelievable prices.
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10% for ₹2 crore.
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You can be on our board.
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₹2 crore for 10%.
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00:10:01,120 --> 00:10:03,630
The first question I want
to ask is what is your strength?
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00:10:03,640 --> 00:10:05,590
We have about 56 people currently.
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Our store is right next to yours.
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00:10:07,240 --> 00:10:08,600
- Oh, God!
- In Mehrauli?
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00:10:09,640 --> 00:10:11,230
Oh, I am going to support
my neighbour then.
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00:10:11,240 --> 00:10:12,160
Please, sir.
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00:10:13,680 --> 00:10:15,750
Sir, your collection
is inspired by him.
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00:10:15,760 --> 00:10:17,680
- Not at all.
- No, ma'am.
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00:10:17,840 --> 00:10:19,390
Basically, what you're saying is,
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if you can't afford
to go to his store,
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Then they can come to you.
But it's okay.
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"Come to them."
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00:10:28,160 --> 00:10:30,270
So, are you business partners
or real-life partners?
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Both.
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- Wow.
- Both. That's nice.
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00:10:32,600 --> 00:10:35,310
So, what's the highest price point
and the lowest price point?
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00:10:35,320 --> 00:10:37,030
Phera-day gowns start at around
₹1 lakh to ₹3 lakh.
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00:10:37,040 --> 00:10:37,790
Okay.
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00:10:37,800 --> 00:10:42,750
Groom's sherwani starts
from ₹75,000 to ₹1.6 lakh.
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00:10:42,760 --> 00:10:45,070
Just now you had shown
some red lehenga.
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What would be the price?
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₹3 lakh.
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00:10:47,640 --> 00:10:51,150
There's also a black one with sequins
that looked more like a gown.
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That right now is my killer product
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where I am converting
Manish's customers.
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00:10:56,920 --> 00:10:57,840
Sorry, Manish.
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00:11:00,040 --> 00:11:01,350
What are your annual sales?
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00:11:01,360 --> 00:11:02,880
It's in the range of
₹5 crore, ma'am.
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00:11:03,080 --> 00:11:05,720
₹5 crore.
The number is too low.
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00:11:06,760 --> 00:11:09,960
Obviously, they won't get
the ₹2 crore they are asking for.
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00:11:10,120 --> 00:11:11,830
They are in the initial stages.
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00:11:11,840 --> 00:11:15,870
Offering ₹2 crore will
be very difficult for the Angels.
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00:11:15,880 --> 00:11:17,630
They will invest some amount
for sure.
248
00:11:17,640 --> 00:11:19,190
But not ₹2 crore.
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00:11:19,200 --> 00:11:21,390
If you have a store
next to Manish's,
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00:11:21,400 --> 00:11:23,030
I think the location is amazing.
251
00:11:23,040 --> 00:11:25,680
So, with ₹30-₹40 lakh a month
in sales,
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you're selling fewer SKUs.
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00:11:27,960 --> 00:11:29,230
Very low number of items...
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00:11:29,240 --> 00:11:31,880
If you look at the exact inventory,
the sales is pretty low.
255
00:11:32,640 --> 00:11:34,910
Firstly, there is somebody
catering to bridal
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00:11:34,920 --> 00:11:37,270
at every nook and corner,
if you ask me.
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00:11:37,280 --> 00:11:39,230
There are many stores
in Mehrauli.
258
00:11:39,240 --> 00:11:42,920
If you go to Juhu,
there are ten stores over there.
259
00:11:43,920 --> 00:11:46,870
If you check bridal dresses
between ₹1.5 lakh and ₹2.5 lakh,
260
00:11:46,880 --> 00:11:50,430
what personalisation and
customisation can you possibly get?
261
00:11:50,440 --> 00:11:53,320
You won't get personalisation at
Chandni Chowk at that cost.
262
00:11:54,200 --> 00:11:58,280
But don't you think every designer
who does bridal wear has to do this?
263
00:11:58,880 --> 00:12:00,110
Both of us have a love for the art.
264
00:12:00,120 --> 00:12:02,440
You can't do this if you
don't have the love for the art.
265
00:12:03,040 --> 00:12:05,390
I feel every bride and groom today
266
00:12:05,400 --> 00:12:07,590
want to be Manish Malhotra's bride.
267
00:12:07,600 --> 00:12:11,710
If my product evokes the thought
of us competing with a Manish,
268
00:12:11,720 --> 00:12:14,670
where we are priced for
a segment of customers
269
00:12:14,680 --> 00:12:16,080
who cannot afford a Manish,
270
00:12:16,520 --> 00:12:18,400
that's the testament of our product.
271
00:12:18,840 --> 00:12:20,800
Unfortunately, I am not convinced.
272
00:12:22,040 --> 00:12:23,390
If you'd like me to address that,
273
00:12:23,400 --> 00:12:24,870
I can take 10 seconds
and try and give you a--
274
00:12:24,880 --> 00:12:26,430
I think
we'll have much more time with--
275
00:12:26,440 --> 00:12:30,000
The thing is you'll have
many opportunities to do that.
276
00:12:30,240 --> 00:12:31,200
Fair, ma'am.
277
00:12:31,520 --> 00:12:34,640
I think we need to understand
a lot more about their business.
278
00:12:35,640 --> 00:12:38,110
What we saw was gorgeous.
279
00:12:38,120 --> 00:12:40,390
But I feel
it's available in many places.
280
00:12:40,400 --> 00:12:42,440
It's got a "seen this" vibe.
281
00:12:43,320 --> 00:12:46,230
Your pitch in 60 seconds,
282
00:12:46,240 --> 00:12:48,720
that's not enough to move ahead.
283
00:12:48,880 --> 00:12:50,600
So, it's not convincing for me.
284
00:12:51,760 --> 00:12:54,270
So, unfortunately, right now,
I am not fully convinced.
285
00:12:54,280 --> 00:12:55,310
I need to see more.
286
00:12:55,320 --> 00:12:57,000
And I'd really like you
to pitch again.
287
00:12:58,400 --> 00:12:59,790
We're not the same high society.
288
00:12:59,800 --> 00:13:01,720
We're not trying to
build a high-society brand.
289
00:13:01,920 --> 00:13:03,830
We're trying to be a brand
that offers
290
00:13:03,840 --> 00:13:06,270
that quality of product
to the middle class.
291
00:13:06,280 --> 00:13:09,350
So, building for scale
and delivering at scale
292
00:13:09,360 --> 00:13:13,710
is completely different from building
five showrooms like Manish has.
293
00:13:13,720 --> 00:13:16,000
That's what
we want to do differently.
294
00:13:17,160 --> 00:13:18,150
You were amazing.
295
00:13:18,160 --> 00:13:19,960
They took us to the cleaners.
What are you saying?
296
00:13:20,800 --> 00:13:22,400
I feel like there is no point.
297
00:13:22,600 --> 00:13:25,080
They are a dime a dozen. There are
women who do this in their homes.
298
00:13:25,240 --> 00:13:27,310
It's a tricky space.
It's a very tricky space.
299
00:13:27,320 --> 00:13:29,360
- It is.
- Highly competitive.
300
00:13:29,560 --> 00:13:32,960
They are obsessed
with their own class.
301
00:13:33,120 --> 00:13:34,920
They are comparing us to a Manish.
302
00:13:35,440 --> 00:13:36,720
- Which is not fair.
- Yeah.
303
00:13:38,320 --> 00:13:40,310
Okay, are we ready
for our next pitch?
304
00:13:40,320 --> 00:13:41,400
Banana Club.
305
00:13:48,920 --> 00:13:49,950
Greetings, Angels.
306
00:13:49,960 --> 00:13:51,870
I am Neel Bafna,
the founder of Banana Club.
307
00:13:51,880 --> 00:13:54,400
Banana Club is a men's
fast-fashion quality brand.
308
00:13:54,640 --> 00:13:56,030
We are pretty popular in Bangalore.
309
00:13:56,040 --> 00:13:57,550
Our products are massy.
310
00:13:57,560 --> 00:14:02,110
No matter what category you fall into,
our product is meant for all.
311
00:14:02,120 --> 00:14:03,870
We didn't come here
to solve any problems.
312
00:14:03,880 --> 00:14:05,190
In fact, we came here to create one.
313
00:14:05,200 --> 00:14:07,830
To spoil the youth of India
with choices.
314
00:14:07,840 --> 00:14:10,080
Greetings, Angels.
I am Prashant Lalwani.
315
00:14:10,680 --> 00:14:14,310
Banana Club is a profitable
bootstrapped company,
316
00:14:14,320 --> 00:14:17,120
which we started
from a 150 sq. ft. store.
317
00:14:17,280 --> 00:14:18,590
Now we own eight stores
318
00:14:18,600 --> 00:14:21,070
and have four more stores
in the pipeline.
319
00:14:21,080 --> 00:14:24,550
Last month alone, we generated
₹7 crore in net revenue.
320
00:14:24,560 --> 00:14:27,150
We've grown from ₹6.5 crore
to ₹17 crore, then to ₹31 crore,
321
00:14:27,160 --> 00:14:29,190
and we're on track to
close the year at ₹80 crore.
322
00:14:29,200 --> 00:14:31,870
Our ask is 5% at ₹15 crore.
323
00:14:31,880 --> 00:14:33,080
Thank you, Angels.
324
00:14:37,000 --> 00:14:38,670
I thought the ask was too big
325
00:14:38,680 --> 00:14:40,630
because the total fund
was ₹30 crore.
326
00:14:40,640 --> 00:14:42,150
And the ask was for ₹15 crore.
327
00:14:42,160 --> 00:14:44,030
I think
it's slightly tough to crack.
328
00:14:44,040 --> 00:14:47,750
You're saying you want
a valuation of ₹300 crore.
329
00:14:47,760 --> 00:14:48,840
Yes, sir.
330
00:14:49,760 --> 00:14:52,920
Your ask is pretty high.
331
00:14:53,760 --> 00:14:57,150
We had a number on our mind
when we set out from Bangalore.
332
00:14:57,160 --> 00:15:02,200
We didn't increase our ask after
seeing the fund was ₹30 crore.
333
00:15:02,400 --> 00:15:03,590
You deal in menswear.
334
00:15:03,600 --> 00:15:04,550
- Yes.
- Only menswear.
335
00:15:04,560 --> 00:15:06,430
Are you wearing clothes
from Banana Club?
336
00:15:06,440 --> 00:15:08,480
From top to bottom,
we're wearing Banana Club.
337
00:15:08,840 --> 00:15:10,830
- What's the price of that shoe?
-₹2,000.
338
00:15:10,840 --> 00:15:13,590
- Karan, would you wear that?
- I would definitely wear those shoes.
339
00:15:13,600 --> 00:15:17,070
Shirts, honestly,
are not to my personal preference.
340
00:15:17,080 --> 00:15:21,960
I see something lacking in
your style and fashion elements.
341
00:15:22,480 --> 00:15:23,750
And what is your price point?
342
00:15:23,760 --> 00:15:26,190
The average is ₹1,000.
Anyone can afford it.
343
00:15:26,200 --> 00:15:28,470
If we split, online and offline...
344
00:15:28,480 --> 00:15:31,200
If we split your sales and
calculate the per-store average...
345
00:15:31,320 --> 00:15:32,790
You have around six to seven stores.
346
00:15:32,800 --> 00:15:34,790
Do they all have
evenly divided sales?
347
00:15:34,800 --> 00:15:38,310
Online sales are 30%,
and offline sales are 70%.
348
00:15:38,320 --> 00:15:41,160
In the coming years,
this will rise to 50% each.
349
00:15:42,200 --> 00:15:45,550
I look at them as
hard-working entrepreneurs
350
00:15:45,560 --> 00:15:46,960
who went from zero to one.
351
00:15:47,160 --> 00:15:48,230
So, I would like to learn more.
352
00:15:48,240 --> 00:15:49,310
Let's talk business.
353
00:15:49,320 --> 00:15:50,840
I want to encourage them.
354
00:15:51,040 --> 00:15:52,230
Thank you so much, sir.
355
00:15:52,240 --> 00:15:54,680
It's not high fashion,
but I think it's massy.
356
00:15:54,880 --> 00:15:57,150
And being from Bollywood,
we like massy.
357
00:15:57,160 --> 00:15:59,240
So... you get the buzzer.
358
00:16:00,120 --> 00:16:03,480
If people from this particular class
359
00:16:03,640 --> 00:16:08,030
are praising and giving our products
this tag, we are massy with classy.
360
00:16:08,040 --> 00:16:11,470
The best part for me is Karan Johar
said he will wear your shoes.
361
00:16:11,480 --> 00:16:13,640
- So, let's talk business.
- Thank you, sir.
362
00:16:14,160 --> 00:16:16,920
There's a kind of conflict
inside me.
363
00:16:17,200 --> 00:16:19,870
The aesthetics were
somewhat unsettling to me.
364
00:16:19,880 --> 00:16:24,550
Whenever we felt something
was lacking in a certain category,
365
00:16:24,560 --> 00:16:26,710
we work really hard on it.
366
00:16:26,720 --> 00:16:30,160
Look, son. Everyone works hard.
367
00:16:30,920 --> 00:16:33,150
Especially in this country,
we overdo it.
368
00:16:33,160 --> 00:16:36,790
So, no one is getting bonus points
for sincerity and hard work from me.
369
00:16:36,800 --> 00:16:38,480
That's basic for me.
370
00:16:40,480 --> 00:16:42,910
I thought it wouldn't
be just one buzzer.
371
00:16:42,920 --> 00:16:43,910
In fact, it will get five buzzers
372
00:16:43,920 --> 00:16:46,600
to indicate it's a step
in the right direction.
373
00:16:47,880 --> 00:16:49,750
Karan, you never gave me
credit for that either,
374
00:16:49,760 --> 00:16:51,840
even though I work hard
night and day.
375
00:16:52,000 --> 00:16:54,960
- For your films, personally--
- I've seen your price tags.
376
00:16:55,440 --> 00:16:58,160
And you get a high price
for that hard work.
377
00:16:58,320 --> 00:17:00,230
And your turnover is...
378
00:17:00,240 --> 00:17:04,030
But, Karan, don't you think at
some point revenue means something?
379
00:17:04,040 --> 00:17:06,190
I really think that at least
having a discussion
380
00:17:06,200 --> 00:17:07,510
in the Board Room, Karan,
makes sense.
381
00:17:07,520 --> 00:17:08,470
Yeah.
382
00:17:08,480 --> 00:17:11,310
And Board Room access doesn't
mean they have got the investment.
383
00:17:11,320 --> 00:17:12,510
- Yeah.
- Okay.
384
00:17:12,520 --> 00:17:14,150
There's an inner voice
that says why not.
385
00:17:14,160 --> 00:17:17,390
Let's watch whether you get
your ask in the Board Room or not.
386
00:17:17,400 --> 00:17:19,520
- Thank you so much.
- Thank you, sir.
387
00:17:20,000 --> 00:17:21,750
Thank you so much.
388
00:17:21,760 --> 00:17:23,840
Okay. All right.
Go live your life.
389
00:17:25,880 --> 00:17:28,830
Fourteen contestants are competing
for an amount of ₹30 crore.
390
00:17:28,840 --> 00:17:31,710
I think we can do it.
391
00:17:31,720 --> 00:17:35,150
Our ask is for ₹15 crore.
This is the positive side of it.
392
00:17:35,160 --> 00:17:38,510
The negative side is the way
other people are competing.
393
00:17:38,520 --> 00:17:42,150
Everyone is adamant about their ask.
394
00:17:42,160 --> 00:17:44,160
Like, "This is what we want."
395
00:17:47,160 --> 00:17:48,400
No, we're in trouble now.
396
00:17:48,640 --> 00:17:51,670
The future looks a bit unclear.
397
00:17:51,680 --> 00:17:57,070
The excitement that we had earlier,
it's getting slightly stressful.
398
00:17:57,080 --> 00:18:00,560
Malaika...
Malaika was praising it.
399
00:18:00,680 --> 00:18:03,790
I mean, she looks so beautiful.
400
00:18:03,800 --> 00:18:06,480
I couldn't take my eyes off her
for a brief moment.
401
00:18:08,040 --> 00:18:10,160
Karan says the fabric is okay.
402
00:18:11,360 --> 00:18:12,920
Manish Malhotra likes it.
403
00:18:13,240 --> 00:18:16,400
Okay, up next,
we have the company Dopplr.
404
00:18:23,920 --> 00:18:26,590
Welcome to the future
of fashion with Dopplr
405
00:18:26,600 --> 00:18:30,830
where technology enables every
brand to make better decisions
406
00:18:30,840 --> 00:18:33,310
with its 3D
dressing room technology
407
00:18:33,320 --> 00:18:36,590
where people can easily see
the clothes draped on them,
408
00:18:36,600 --> 00:18:38,190
how it will look on their body,
409
00:18:38,200 --> 00:18:42,520
the look, the feel, and then they can
make better purchase decisions.
410
00:18:43,880 --> 00:18:44,880
We...
411
00:18:51,600 --> 00:18:52,470
What is your ask?
412
00:18:52,480 --> 00:18:56,270
Our ask is ₹4 crore for CCPS.
413
00:18:56,280 --> 00:18:59,510
So, basically,
it's a plugin for web stores
414
00:18:59,520 --> 00:19:03,350
that can enable a brand's customer
to create their own avatars
415
00:19:03,360 --> 00:19:04,990
and show how clothes look on them.
416
00:19:05,000 --> 00:19:08,030
So, it's an extension to the current
infrastructure that a brand has.
417
00:19:08,040 --> 00:19:12,240
According to me,
the 60-second pitch was a big failure.
418
00:19:13,120 --> 00:19:15,990
Three of you haven't been able
to do a 60-second pitch here.
419
00:19:16,000 --> 00:19:18,120
I am sorry.
I can't take you forward.
420
00:19:19,840 --> 00:19:22,030
To me,
technology sounded very exciting.
421
00:19:22,040 --> 00:19:23,920
I got completely lost.
422
00:19:24,760 --> 00:19:27,150
You have to simplify.
Simplify.
423
00:19:27,160 --> 00:19:30,720
You are still pitching like
a CTO instead of a CEO.
424
00:19:30,880 --> 00:19:31,920
All right.
425
00:19:33,120 --> 00:19:34,990
Given the tricky pitch,
426
00:19:35,000 --> 00:19:37,910
we moved away from our basics
and tried to play it fancy.
427
00:19:37,920 --> 00:19:40,040
We tried scoop shots
in the beginning.
428
00:19:41,080 --> 00:19:43,870
It had some uniqueness,
but it got lost.
429
00:19:43,880 --> 00:19:45,590
- It was a solid product.
- But it was a bad pitch.
430
00:19:45,600 --> 00:19:47,120
- It's going to solve a problem.
- You guys are doing?
431
00:19:47,280 --> 00:19:48,960
It's a competitive space, though.
432
00:19:51,560 --> 00:19:53,640
Up next, we have Banana Labs.
433
00:19:54,640 --> 00:19:57,030
What is the first thought
that crosses our mind
434
00:19:57,040 --> 00:19:59,590
when we think about India
with our eyes closed?
435
00:19:59,600 --> 00:20:02,750
Snake-charmers,
elephants, rangoli, colours.
436
00:20:02,760 --> 00:20:05,630
A lot of colours.
And flowers, leaves and herbs.
437
00:20:05,640 --> 00:20:08,510
Mom, I actually differ
because, when I think of India,
438
00:20:08,520 --> 00:20:09,790
I think of modernity.
439
00:20:09,800 --> 00:20:11,070
Yes, child. You're right.
440
00:20:11,080 --> 00:20:14,560
But as Indians,
we have to be rooted in our roots.
441
00:20:14,760 --> 00:20:16,030
Actually, that's a great idea,
442
00:20:16,040 --> 00:20:19,080
which is why we are building
a brand that is modern yet rooted.
443
00:20:19,320 --> 00:20:22,190
And it is muted, but it is amazing.
444
00:20:22,200 --> 00:20:25,310
We make womenswear and
menswear using handblock printing.
445
00:20:25,320 --> 00:20:26,590
It's a generational brand.
446
00:20:26,600 --> 00:20:29,350
Our blocks have been
accumulated for decades.
447
00:20:29,360 --> 00:20:32,510
We have blocks from the Mughal era.
448
00:20:32,520 --> 00:20:34,790
So, we are Banana Labs...
449
00:20:34,800 --> 00:20:37,830
Introducing Banana Labs...
Banana Labs is actually...
450
00:20:37,840 --> 00:20:40,200
Which means to make and...
451
00:20:41,440 --> 00:20:42,440
I'm sorry...
452
00:20:45,960 --> 00:20:47,030
What is your ask?
453
00:20:47,040 --> 00:20:51,430
We ask for ₹2 crore
for 20% equity.
454
00:20:51,440 --> 00:20:54,080
I have to begin by saying
I haven't understood anything
455
00:20:54,880 --> 00:20:57,030
because your pitch was theatrical.
456
00:20:57,040 --> 00:20:59,600
Interesting to begin with,
but it didn't go anywhere.
457
00:21:00,160 --> 00:21:02,470
Your brand may be amazing,
458
00:21:02,480 --> 00:21:05,110
but the challenge today
was a 60-second pitch.
459
00:21:05,120 --> 00:21:07,800
Ladies, you weren't able
to express anything to us.
460
00:21:09,040 --> 00:21:10,840
That moment was a terrible moment.
461
00:21:11,000 --> 00:21:15,150
It's not just me or my mom here.
It's our brand, our artisans.
462
00:21:15,160 --> 00:21:16,830
If this doesn't work out,
463
00:21:16,840 --> 00:21:19,840
then all these things
are definitely at stake.
464
00:21:25,520 --> 00:21:28,320
Okay, we've got
the Linetribe guys coming up.
465
00:21:29,720 --> 00:21:33,720
Linetribe is a brand that does
up-market, high-end luxury prêt
466
00:21:34,360 --> 00:21:36,390
for a forward-thinking
global audience.
467
00:21:36,400 --> 00:21:39,910
Guys, why is it that we can think of
so many beautiful Indian wear brands
468
00:21:39,920 --> 00:21:43,960
but not a single brand that does
an immaculately tailored pantsuit for women.
469
00:21:44,120 --> 00:21:47,790
At Linetribe, we aim to be
a global multicultural brand,
470
00:21:47,800 --> 00:21:50,830
based completely out of India.
Made in India.
471
00:21:50,840 --> 00:21:54,400
And I cannot wait for
you guys to be "on board" with me.
472
00:21:55,040 --> 00:21:56,190
What's your ask?
473
00:21:56,200 --> 00:21:58,280
₹1 crore for 20% of my company.
474
00:21:58,640 --> 00:21:59,790
Gaurav, you said you're doing
475
00:21:59,800 --> 00:22:02,110
- luxury wear for women.
- Yeah.
476
00:22:02,120 --> 00:22:03,150
- And men as well?
- And men...
477
00:22:03,160 --> 00:22:06,390
But what I see right now
is not high luxury.
478
00:22:06,400 --> 00:22:10,160
It's a little more semi-formal,
for the lack of a better way of saying it.
479
00:22:11,280 --> 00:22:15,830
I see a very interesting vibe
and passion in you,
480
00:22:15,840 --> 00:22:17,480
- which I don't see here.
- Okay.
481
00:22:17,920 --> 00:22:20,800
So, I'd really like you to come back
and do an interesting pitch.
482
00:22:21,520 --> 00:22:24,590
I want to understand the products
on a more granular level.
483
00:22:24,600 --> 00:22:26,030
- Sure.
- So thankfully,
484
00:22:26,040 --> 00:22:27,590
we have time for that on our show.
485
00:22:27,600 --> 00:22:29,390
- Yes.
- I'd love to hear from you again.
486
00:22:29,400 --> 00:22:30,270
Sure.
487
00:22:30,280 --> 00:22:33,310
My product in this group
as a proper design
488
00:22:33,320 --> 00:22:35,670
and fashion designer product...
489
00:22:35,680 --> 00:22:38,280
It's probably the only one.
490
00:22:38,840 --> 00:22:39,710
Of this aesthetic.
491
00:22:39,720 --> 00:22:44,270
When I realised this,
I instantly told myself
492
00:22:44,280 --> 00:22:46,070
that people will give you feedback
493
00:22:46,080 --> 00:22:49,270
from their perspective.
But I know the complete picture.
494
00:22:49,280 --> 00:22:51,000
I know my market.
495
00:22:51,400 --> 00:22:54,070
I know where I've been doing
sales for the past four years.
496
00:22:54,080 --> 00:22:56,830
So, we can't be shaken in two days
497
00:22:56,840 --> 00:22:59,030
because we will be receiving
a lot of feedback like this.
498
00:22:59,040 --> 00:23:02,040
Next up is... Love, Kiki.
499
00:23:03,080 --> 00:23:04,870
Hello, everyone.
I am Kirti Talwar,
500
00:23:04,880 --> 00:23:06,390
the founder of Love, Kiki.
501
00:23:06,400 --> 00:23:09,710
We make tasteful, premium outfits
at an affordable price.
502
00:23:09,720 --> 00:23:11,190
We are a very ethical brand.
503
00:23:11,200 --> 00:23:14,470
We believe in less wastage,
fair wages
504
00:23:14,480 --> 00:23:16,670
and second-life products
and packaging.
505
00:23:16,680 --> 00:23:18,160
I... my...
506
00:23:20,080 --> 00:23:22,230
What is your ask, darling?
Because your time is running out.
507
00:23:22,240 --> 00:23:25,160
My ask is ₹80 lakh for 20% equity.
508
00:23:25,320 --> 00:23:28,630
Kirti, the young designers
who showed up before you
509
00:23:28,640 --> 00:23:30,950
didn't have any uniqueness
in their work.
510
00:23:30,960 --> 00:23:33,160
But I can see that in your work.
511
00:23:34,000 --> 00:23:36,550
So, I find your brand
very interesting.
512
00:23:36,560 --> 00:23:39,830
There is a certain sweetness to it,
but it's not boring.
513
00:23:39,840 --> 00:23:41,270
What was your turnover last year?
514
00:23:41,280 --> 00:23:44,630
The 2023-2024 turnover
was ₹30 lakh.
515
00:23:44,640 --> 00:23:47,840
Your ask is double the profit
of last year, right?
516
00:23:48,360 --> 00:23:51,750
For that reason,
I'd say I want to learn a lot more.
517
00:23:51,760 --> 00:23:55,200
And today's challenge was
to give the best 60-second pitch.
518
00:23:55,360 --> 00:23:59,000
Just based on that thesis,
I would like to learn more.
519
00:23:59,280 --> 00:24:00,870
I am very proudly
wearing your second life.
520
00:24:00,880 --> 00:24:03,360
I think
you also need a second pitch.
521
00:24:07,000 --> 00:24:09,430
I think with Karan sitting here,
people are so intimidated.
522
00:24:09,440 --> 00:24:10,830
- Right.
- They are really like...
523
00:24:10,840 --> 00:24:12,910
Please don't believe this bullshit.
I am intimidating?
524
00:24:12,920 --> 00:24:15,870
And Malaika's sitting there
looking glorious.
525
00:24:15,880 --> 00:24:17,590
It's a combo of beauty and brains.
526
00:24:17,600 --> 00:24:19,990
- I'll give you the brain.
- Give us a 60-second pitch on yourself.
527
00:24:20,000 --> 00:24:21,320
I am available.
528
00:24:22,440 --> 00:24:23,640
That's my pitch.
529
00:24:24,320 --> 00:24:25,320
I love it.
530
00:24:25,520 --> 00:24:28,280
All right.
Can we have Vardi, please?
531
00:24:29,160 --> 00:24:32,120
Vardi (uniform)
is the identity of a soldier.
532
00:24:32,280 --> 00:24:33,920
Vardi has a life.
533
00:24:34,080 --> 00:24:37,150
After it ends,
if you throw it in the garbage dump,
534
00:24:37,160 --> 00:24:39,040
that's dishonouring it.
535
00:24:39,240 --> 00:24:41,000
The uniform
should never be insulted.
536
00:24:41,880 --> 00:24:46,400
We should recycle it instead
and use it for a good cause.
537
00:24:47,880 --> 00:24:51,960
This particular cloth
was probably worn by a soldier
538
00:24:52,160 --> 00:24:53,510
who was guarding our borders.
539
00:24:53,520 --> 00:24:56,310
And that is why it is
not just a piece of cloth.
540
00:24:56,320 --> 00:24:58,080
But it's a piece
of history, actually.
541
00:24:59,120 --> 00:25:00,110
Jai Hind, everyone.
542
00:25:00,120 --> 00:25:03,190
We at the Vardi store collect
these old defence uniforms
543
00:25:03,200 --> 00:25:07,200
and upcycle them into products
like bags, caps and jackets.
544
00:25:07,440 --> 00:25:10,310
Vardi is India's first initiative
545
00:25:10,320 --> 00:25:13,990
which converts defence uniforms
into sustainable products.
546
00:25:14,000 --> 00:25:16,920
And hence my ask is of
₹2 crore for 10%.
547
00:25:19,440 --> 00:25:21,790
- What you're wearing is from Vardi?
- Yes, sir.
548
00:25:21,800 --> 00:25:23,750
What is the price
of what you are wearing?
549
00:25:23,760 --> 00:25:25,630
So this is for about ₹1,999.
550
00:25:25,640 --> 00:25:27,190
-₹2,000?
- Yes.
551
00:25:27,200 --> 00:25:28,710
What you are doing is very noble.
552
00:25:28,720 --> 00:25:31,590
I think it's a very unique concept.
Don't you think so, guys.
553
00:25:31,600 --> 00:25:32,310
Great mission.
554
00:25:32,320 --> 00:25:34,070
I would love to meet you
in the Board Room.
555
00:25:34,080 --> 00:25:35,840
So, let's talk business.
556
00:25:36,280 --> 00:25:37,030
Definitely.
557
00:25:37,040 --> 00:25:42,230
In this particular entrepreneurship,
viability and profitability are secondary.
558
00:25:42,240 --> 00:25:45,430
- Absolutely.
- But your primary thought is outstanding.
559
00:25:45,440 --> 00:25:48,430
I'm sold on your entry.
Let's talk business.
560
00:25:48,440 --> 00:25:49,320
Yes.
561
00:25:49,960 --> 00:25:51,320
Let's talk business.
562
00:25:51,880 --> 00:25:53,640
- I want to talk business.
- Thank you.
563
00:25:53,800 --> 00:25:55,790
- Go to the Board Room.
- Thank you so much, ma'am.
564
00:25:55,800 --> 00:25:57,200
Thank you so much.
565
00:25:59,080 --> 00:26:00,640
Come here. Give us a hug.
566
00:26:00,920 --> 00:26:04,280
This is one of the best ideas
I've seen it in a long time.
567
00:26:05,360 --> 00:26:06,840
Thank you, sir, so much.
568
00:26:07,440 --> 00:26:08,880
Vardi is a very good brand.
569
00:26:09,200 --> 00:26:12,230
But as far as I've understood them,
they won't get any funding for sure
570
00:26:12,240 --> 00:26:13,600
I think.
571
00:26:14,200 --> 00:26:17,070
According to what
they've shown,
572
00:26:17,080 --> 00:26:20,160
they liked it in the beginning,
but I feel it will take some time
573
00:26:20,360 --> 00:26:21,950
and they will have to
show more aspects
574
00:26:21,960 --> 00:26:25,920
because the product range is...
I wouldn't call it common.
575
00:26:26,080 --> 00:26:28,270
But seeing their range,
they will look for more.
576
00:26:28,280 --> 00:26:30,320
And... their ask is also pretty big.
577
00:26:34,760 --> 00:26:37,080
- Congratulation.
- What's up, guys?
578
00:26:37,280 --> 00:26:38,510
He's made it.
579
00:26:38,520 --> 00:26:40,110
Yeah. Yeah. Of course.
580
00:26:40,120 --> 00:26:42,080
Can we have CloudTailor, please?
581
00:26:48,960 --> 00:26:52,470
We've brought fashion
right to your fingertips.
582
00:26:52,480 --> 00:26:55,590
CloudTailor is a unique
personalised fashion marketplace,
583
00:26:55,600 --> 00:26:57,310
which is transactional
and tech-based.
584
00:26:57,320 --> 00:26:58,590
And it's driven by data.
585
00:26:58,600 --> 00:27:02,710
More than 10 crore artisans,
workers, tailors,
586
00:27:02,720 --> 00:27:04,600
masters and boutiques,
587
00:27:05,000 --> 00:27:07,430
regularly partner with our customers
on this platform.
588
00:27:07,440 --> 00:27:10,720
The business is worth more than
$70 billion all over the world.
589
00:27:10,920 --> 00:27:12,950
In just 30 months,
590
00:27:12,960 --> 00:27:16,270
we delivered more than
2 lakh orders globally.
591
00:27:16,280 --> 00:27:18,110
We are a zero-inventory model.
592
00:27:18,120 --> 00:27:20,160
We don't stock anything.
And...
593
00:27:20,440 --> 00:27:25,000
we've more than 120 SIS, EVO
and owned outlets in India alone.
594
00:27:25,480 --> 00:27:29,280
Several retail brands have
trusted us and invested with us.
595
00:27:29,560 --> 00:27:33,070
And we have the potential
of accessing their 3,000 crore.
596
00:27:33,080 --> 00:27:37,190
So, we're asking for ₹15 crore
at ₹150 crore evaluation.
597
00:27:37,200 --> 00:27:40,400
And we're willing to give
10% of the company.
598
00:27:42,280 --> 00:27:43,200
Wow!
599
00:27:45,120 --> 00:27:47,830
It is the clearest pitch.
It is scaled.
600
00:27:47,840 --> 00:27:49,710
It is truly different,
601
00:27:49,720 --> 00:27:51,710
and I would love to learn more
in the Board Room.
602
00:27:51,720 --> 00:27:52,710
- Thank you.
- Thank you.
603
00:27:52,720 --> 00:27:54,600
I absolutely agree with you, Dhruv.
604
00:27:54,720 --> 00:27:55,950
You had me at hello.
605
00:27:55,960 --> 00:27:56,910
- I'm coming.
- Thank you.
606
00:27:56,920 --> 00:27:58,110
Let's talk business.
607
00:27:58,120 --> 00:28:01,320
- What was the one thing you took away?
- The sound of ka-ching!
608
00:28:02,360 --> 00:28:03,790
I heard money, baby.
609
00:28:03,800 --> 00:28:06,600
Is tailoring
the main aspect of this?
610
00:28:06,880 --> 00:28:08,710
We're into personalised tailoring.
611
00:28:08,720 --> 00:28:10,280
Let's talk business.
612
00:28:11,160 --> 00:28:11,990
Thank you.
613
00:28:12,000 --> 00:28:14,110
- Interesting.
- I think the easiest thing would be
614
00:28:14,120 --> 00:28:15,790
to take them to the Board Room.
615
00:28:15,800 --> 00:28:17,880
Let's talk business.
616
00:28:18,160 --> 00:28:20,350
That's one, two, three, four.
617
00:28:20,360 --> 00:28:23,030
Four buzzers in your favour.
Two more to go.
618
00:28:23,040 --> 00:28:24,270
Very, very tough.
619
00:28:24,280 --> 00:28:26,550
I'll see you in the Board Room soon.
620
00:28:26,560 --> 00:28:28,520
- Wow.
- It's a big deal, guys.
621
00:28:28,680 --> 00:28:30,070
I am sorry, I don't know
622
00:28:30,080 --> 00:28:31,350
- about the Board Room as yet.
- Come on.
623
00:28:31,360 --> 00:28:33,510
- I think it was fantastic.
- I'll tell you why.
624
00:28:33,520 --> 00:28:35,990
Before I go to the Board Room,
625
00:28:36,000 --> 00:28:37,750
their ask is at
a valuation of 150 crore,
626
00:28:37,760 --> 00:28:39,710
- at a revenue of ₹17 crore.
- The valuation is too high.
627
00:28:39,720 --> 00:28:42,440
It's more than the public market.
628
00:28:43,880 --> 00:28:46,030
I just feel I need to
understand the product more
629
00:28:46,040 --> 00:28:48,040
since your business is so exciting.
630
00:28:50,400 --> 00:28:54,240
We have seen several shows
that talk about start-ups.
631
00:28:54,440 --> 00:28:57,390
But in reality,
they actually criticise you,
632
00:28:57,400 --> 00:28:59,760
try to demean you.
None of that is here.
633
00:29:00,200 --> 00:29:01,510
It's just celebration all the way.
634
00:29:01,520 --> 00:29:04,560
Okay. Who's next?
We have Vyakti.
635
00:29:04,720 --> 00:29:05,680
Interesting.
636
00:29:08,440 --> 00:29:11,960
Rabbit is an unsaid symbol
of cruelty-free products globally.
637
00:29:13,320 --> 00:29:15,600
Vyakti India is built on values
638
00:29:16,360 --> 00:29:19,150
of cruelty-free practices,
sustainability
639
00:29:19,160 --> 00:29:21,760
and a deep understanding
of our customers' life.
640
00:29:23,600 --> 00:29:25,670
Vyakti India's vegan leather bags
641
00:29:25,680 --> 00:29:29,320
reflect both Indian heritage
and modern thinking.
642
00:29:32,800 --> 00:29:36,190
I know
there's a mystery behind this mask.
643
00:29:36,200 --> 00:29:38,950
And that mystery might unfold
in this pitch.
644
00:29:38,960 --> 00:29:40,190
As you're aware,
645
00:29:40,200 --> 00:29:42,190
you've got a 60-second pitch
to make.
646
00:29:42,200 --> 00:29:43,270
Are you ready?
647
00:29:43,280 --> 00:29:44,190
- Yes.
- Yes.
648
00:29:44,200 --> 00:29:45,200
All right.
649
00:29:46,560 --> 00:29:50,480
Are you aware that these can be made
from a cactus and a banana stem?
650
00:29:50,680 --> 00:29:51,790
Interesting, right?
651
00:29:51,800 --> 00:29:54,470
Vyakti India makes products
like handbags, tote bags
652
00:29:54,480 --> 00:29:59,390
and laptop bags by using researched
materials like cactus and banana leather.
653
00:29:59,400 --> 00:30:01,910
We are committed to offer
more than just an accessory.
654
00:30:01,920 --> 00:30:05,870
We don't just make bags.
We give shape to your story.
655
00:30:05,880 --> 00:30:10,670
Our vision is to provide a sustainable
alternative to traditional leather
656
00:30:10,680 --> 00:30:13,430
without compromising
with style and aesthetics.
657
00:30:13,440 --> 00:30:15,190
At the end,
I would just like to add...
658
00:30:15,200 --> 00:30:18,150
Cruelty is one fashion statement
that we can all do without.
659
00:30:18,160 --> 00:30:19,630
That's lovely. What is your ask?
660
00:30:19,640 --> 00:30:22,400
Our ask is ₹60 lakh for 30%.
661
00:30:22,600 --> 00:30:24,870
Can I see your bags
up close, please?
662
00:30:24,880 --> 00:30:25,590
Sure.
663
00:30:25,600 --> 00:30:27,350
- I just wanna feel it as well, yeah.
- Yeah.
664
00:30:27,360 --> 00:30:28,710
- It looks really pretty.
- I love your green bag.
665
00:30:28,720 --> 00:30:30,520
- These slings are so...
- Yeah.
666
00:30:30,720 --> 00:30:33,270
- And this is banana?
- Yeah, this is banana.
667
00:30:33,280 --> 00:30:34,190
Very soft.
668
00:30:34,200 --> 00:30:36,240
Looks real. Looks absolutely...
669
00:30:36,360 --> 00:30:37,760
Bananas are my favourite food.
670
00:30:38,880 --> 00:30:41,080
Oh... this is good.
671
00:30:44,520 --> 00:30:45,830
How are these priced?
672
00:30:45,840 --> 00:30:47,320
This one is for ₹6,000,
673
00:30:47,520 --> 00:30:48,790
and that one is for ₹5,000.
674
00:30:48,800 --> 00:30:50,670
What was your last year's revenue?
675
00:30:50,680 --> 00:30:52,110
Sir, we are a pre-revenue company.
676
00:30:52,120 --> 00:30:54,830
Do you know why I would like
to take them to the Board Room?
677
00:30:54,840 --> 00:30:56,920
Maybe we can get in very early
678
00:30:57,280 --> 00:30:59,520
with hopefully more than 30%,
679
00:30:59,720 --> 00:31:03,590
and this can become the massive
business that we all hope it becomes.
680
00:31:03,600 --> 00:31:06,990
So, for that reason,
I'd say let's talk business.
681
00:31:07,000 --> 00:31:08,390
- Thank you.
- Thank you.
682
00:31:08,400 --> 00:31:10,560
- Let's talk business, Vyakti.
- Thank you.
683
00:31:11,560 --> 00:31:12,560
Thank you, ma'am.
684
00:31:13,040 --> 00:31:14,470
- Thank you.
- "Tang-tang-tang"
685
00:31:14,480 --> 00:31:17,520
is the sound of money
that I know we will make of you.
686
00:31:18,480 --> 00:31:21,670
I couldn't understand your product's
quality from just these two bags.
687
00:31:21,680 --> 00:31:25,040
I haven't had the chance to
go deeper into the whole portfolio.
688
00:31:26,640 --> 00:31:30,030
So, luckily, we have time
to understand the product better.
689
00:31:30,040 --> 00:31:32,000
But, Dhruv,
we can get such a good deal.
690
00:31:32,600 --> 00:31:34,160
It's pre-revenue.
691
00:31:34,440 --> 00:31:36,630
It stands for all of my values.
692
00:31:36,640 --> 00:31:38,760
But I need to see
more than two bags.
693
00:31:41,160 --> 00:31:44,590
We got four buzzers and missed two.
694
00:31:44,600 --> 00:31:48,390
And it's not like
they didn't understand the product.
695
00:31:48,400 --> 00:31:50,110
They wanted to see more.
696
00:31:50,120 --> 00:31:52,150
They had very positive reviews
for us.
697
00:31:52,160 --> 00:31:53,950
Like, they want to see us more.
698
00:31:53,960 --> 00:31:55,640
- Yes.
- Not turned us down.
699
00:31:55,960 --> 00:31:57,470
They wanted to see more.
700
00:31:57,480 --> 00:32:00,640
Okay, we have the House of Armuse.
701
00:32:04,200 --> 00:32:05,280
Stylox.
702
00:32:07,640 --> 00:32:08,720
Philocaly.
703
00:32:10,040 --> 00:32:11,280
DMOdot.
704
00:32:16,600 --> 00:32:20,270
It's often said that
anything that you do with love
705
00:32:20,280 --> 00:32:23,000
and a strong purpose
is going to love you back.
706
00:32:23,160 --> 00:32:26,230
To me, Armuse is more
than just a business.
707
00:32:26,240 --> 00:32:27,520
It's an emotion.
708
00:32:27,680 --> 00:32:31,590
Because I started this
for my mother back in 2015.
709
00:32:31,600 --> 00:32:35,430
The key feature of our brand
is hand-painted artistry
710
00:32:35,440 --> 00:32:40,070
and also Jaipur's fusion
of gota patti that we love to call
711
00:32:40,080 --> 00:32:41,870
as variable works of art.
712
00:32:41,880 --> 00:32:45,190
And each garment definitely tells a story.
713
00:32:45,200 --> 00:32:48,310
Philocaly is a design-led
bespoke menswear brand,
714
00:32:48,320 --> 00:32:51,790
where we bring high-quality,
fashion-forward,
715
00:32:51,800 --> 00:32:54,160
timeless classics to you
716
00:32:54,560 --> 00:32:58,190
and make custom tailoring
accessible as well as affordable.
717
00:32:58,200 --> 00:33:02,110
As of today, we are two flagship stores,
six franchise stores
718
00:33:02,120 --> 00:33:03,800
strong with a team of 63 people.
719
00:33:04,120 --> 00:33:08,590
Stylox is a denim wear brand, which
makes style and comfort affordable.
720
00:33:08,600 --> 00:33:10,430
Premium products but not pricey.
721
00:33:10,440 --> 00:33:13,070
Franchising our stores
is easy and profitable.
722
00:33:13,080 --> 00:33:15,640
And with 40 franchise stores,
723
00:33:15,880 --> 00:33:17,910
Stylox is available
in more than 200 cities.
724
00:33:17,920 --> 00:33:21,440
DMOdot is a homegrown bridge
to luxury footwear label
725
00:33:21,640 --> 00:33:24,870
that blends classic styles
with a modern twist,
726
00:33:24,880 --> 00:33:26,790
creating all-occasion footwear.
727
00:33:26,800 --> 00:33:31,550
Our speciality is reimagined mojris,
Peshawaris and slippers,
728
00:33:31,560 --> 00:33:34,920
making them with the highest quality
materials for maximum comfort.
729
00:33:35,520 --> 00:33:36,710
Okay, give us your ask.
730
00:33:36,720 --> 00:33:40,000
My ask is ₹90 lakh for
15% equity in my company.
731
00:33:40,160 --> 00:33:43,480
Today, my ask is ₹2 crore
for 5% of my company.
732
00:33:43,760 --> 00:33:47,640
₹10 crore
for 12.5% of our company.
733
00:33:47,800 --> 00:33:50,990
Our ask is ₹1 crore against
2.5% of our equity.
734
00:33:51,000 --> 00:33:52,840
Against 2.5%?
735
00:33:54,240 --> 00:33:57,320
Great. Even you don't stretch
just like your jeans.
736
00:33:58,320 --> 00:33:59,110
But anyway--
737
00:33:59,120 --> 00:34:01,590
No, but you like business,
and we'll get you business.
738
00:34:01,600 --> 00:34:04,360
I love business,
and that's why I don't like 2.5%.
739
00:34:05,920 --> 00:34:08,430
For the longevity of your business,
740
00:34:08,440 --> 00:34:10,760
how are you looking
at evolving your design?
741
00:34:11,080 --> 00:34:14,760
I'd love to see a lot more design,
your innovation plan...
742
00:34:15,320 --> 00:34:16,670
- Sure.
- I don't know.
743
00:34:16,680 --> 00:34:18,440
I'd love to see your pitch again.
744
00:34:19,240 --> 00:34:21,150
Manish Malhotra
is obviously a designer.
745
00:34:21,160 --> 00:34:23,510
So, I thought his point
was completely valid.
746
00:34:23,520 --> 00:34:25,590
I don't want to go to the Board Room.
I don't want to go there myself.
747
00:34:25,600 --> 00:34:27,240
I want them to see my product first.
748
00:34:27,720 --> 00:34:29,630
- Philocaly.
- What an unusual name.
749
00:34:29,640 --> 00:34:31,110
Very unusual. Philocaly.
750
00:34:31,120 --> 00:34:33,640
The first thing I would
recommend is changing the name.
751
00:34:33,840 --> 00:34:35,670
We had a tough time pronouncing it.
752
00:34:35,680 --> 00:34:37,990
But, Karan,
half of the brands that you wear...
753
00:34:38,000 --> 00:34:39,310
those French names...
nobody can pronounce those.
754
00:34:39,320 --> 00:34:40,670
No, no, that's why--
755
00:34:40,680 --> 00:34:42,430
- True that.
- But those are massive brands
756
00:34:42,440 --> 00:34:44,550
- built over centuries.
- Of course. Absolutely.
757
00:34:44,560 --> 00:34:46,470
I am talking about India.
758
00:34:46,480 --> 00:34:50,880
So, for your brand, would you
say that tailoring is above design?
759
00:34:52,280 --> 00:34:55,190
No, we are a design-led,
bespoke menswear brand.
760
00:34:55,200 --> 00:34:58,350
But isn't that the story
of every designer?
761
00:34:58,360 --> 00:34:59,630
What is unique about it?
762
00:34:59,640 --> 00:35:04,110
The uniqueness is our affordable
price point with bespoke tailoring.
763
00:35:04,120 --> 00:35:05,430
And what is your turnaround time?
764
00:35:05,440 --> 00:35:07,430
Our turnaround time
is seven to ten days.
765
00:35:07,440 --> 00:35:08,750
How are you planning to scale?
766
00:35:08,760 --> 00:35:12,520
We have been able to successfully
franchise bespoke menswear.
767
00:35:13,360 --> 00:35:16,590
What kind of mom-and-pop shops
are in your franchise?
768
00:35:16,600 --> 00:35:17,790
What kind of people are these?
769
00:35:17,800 --> 00:35:18,920
These are my customers.
770
00:35:19,040 --> 00:35:22,000
Dhruv, you know the best
businesses for franchising
771
00:35:22,160 --> 00:35:23,950
always begin
with customers asking,
772
00:35:23,960 --> 00:35:25,230
- "Can I take your franchise?"
- Correct.
773
00:35:25,240 --> 00:35:26,510
"Can I do it myself?"
Hundred percent.
774
00:35:26,520 --> 00:35:28,430
So, Shrey,
I want to see you in the Board Room.
775
00:35:28,440 --> 00:35:30,310
- Let's talk business.
- Yes, let's talk business.
776
00:35:30,320 --> 00:35:31,480
All right.
777
00:35:33,480 --> 00:35:34,190
Thank you.
778
00:35:34,200 --> 00:35:37,200
I'd like to meet you and
talk business in the Board Room.
779
00:35:37,560 --> 00:35:38,390
Thank you, sir.
780
00:35:38,400 --> 00:35:40,080
I don't see anything unique.
781
00:35:41,920 --> 00:35:43,440
You are not clear about the brand.
782
00:35:44,320 --> 00:35:46,870
You are telling me
it's a design brand,
783
00:35:46,880 --> 00:35:48,830
but there is an emphasis
on tailoring
784
00:35:48,840 --> 00:35:50,110
and cut and fit.
785
00:35:50,120 --> 00:35:51,720
That's for every designer.
786
00:35:52,320 --> 00:35:56,710
So, I understand your brand
more as a tailoring luxury brand.
787
00:35:56,720 --> 00:35:58,350
And if you had pitched it that way,
788
00:35:58,360 --> 00:35:59,830
I would have been really impressed.
789
00:35:59,840 --> 00:36:02,960
I definitely would want you
to come back and pitch again.
790
00:36:03,920 --> 00:36:07,110
I did want to go to the Board Room,
791
00:36:07,120 --> 00:36:09,910
but somewhere I was relieved also.
792
00:36:09,920 --> 00:36:13,910
I feel that, if you make it to
the Board Room on the first attempt,
793
00:36:13,920 --> 00:36:15,880
you might get a low valuation.
794
00:36:17,200 --> 00:36:20,470
There are very few shoemakers
in this country.
795
00:36:20,480 --> 00:36:24,120
In fact, I feel the infrastructure
to make shoes is terrible.
796
00:36:24,360 --> 00:36:26,480
I don't agree with Malaika at all
797
00:36:26,760 --> 00:36:28,720
that we don't make good shoes here.
798
00:36:29,880 --> 00:36:33,350
According to me,
if you see places like Agra,
799
00:36:33,360 --> 00:36:36,320
there are lots of shoemakers,
leather people.
800
00:36:38,760 --> 00:36:42,040
I felt your shoes had no designs.
801
00:36:42,600 --> 00:36:43,990
I would want you to pitch again.
802
00:36:44,000 --> 00:36:45,000
You are being tough.
803
00:36:45,120 --> 00:36:48,390
You're such a young boy.
I want more passion, aggression,
804
00:36:48,400 --> 00:36:49,480
more design.
805
00:36:51,160 --> 00:36:53,510
I think the sooner
you get to the Board Room,
806
00:36:53,520 --> 00:36:56,840
it's more beneficial because
there's still money left to get.
807
00:36:57,040 --> 00:36:58,480
The money will keep decreasing.
808
00:36:58,640 --> 00:37:01,310
Otherwise, your ask in the end
might be for ₹90 lakh,
809
00:37:01,320 --> 00:37:02,830
and there's only ₹45 lakh left.
810
00:37:02,840 --> 00:37:06,400
Then what about your ask?
Your dreams will shrink.
811
00:37:07,440 --> 00:37:10,670
Can you also tell us your
absolutely most prized piece?
812
00:37:10,680 --> 00:37:14,110
Celebration wear AOV is
about ₹75,000 to ₹1 lakh.
813
00:37:14,120 --> 00:37:15,550
That's our sweet spot.
814
00:37:15,560 --> 00:37:18,230
Though our category is even
about ₹2.5 lakh to ₹3 lakh.
815
00:37:18,240 --> 00:37:22,470
We've seen other presentations with
the range of ₹75,000 to ₹1 lakh.
816
00:37:22,480 --> 00:37:25,710
But I feel your quality
and your standard of embroidery,
817
00:37:25,720 --> 00:37:29,750
and the design prowess is
very strong for your price point.
818
00:37:29,760 --> 00:37:31,150
What has been your turnover?
819
00:37:31,160 --> 00:37:33,510
In 2022-23,
we did about ₹5 crore.
820
00:37:33,520 --> 00:37:36,910
Last year, 2023-24,
we did north of about ₹10 crore.
821
00:37:36,920 --> 00:37:40,150
So ₹80 crore is your valuation
at a revenue of ₹10 crore.
822
00:37:40,160 --> 00:37:42,840
That's the part I don't understand.
823
00:37:45,000 --> 00:37:47,830
This year end we're projecting
to do about ₹17.5 crore.
824
00:37:47,840 --> 00:37:50,400
So our valuation is based
on the projections.
825
00:37:50,520 --> 00:37:52,430
Fine, you'll be making
₹17 crore this year,
826
00:37:52,440 --> 00:37:55,030
but you made ₹10 crore
last year, right?
827
00:37:55,040 --> 00:37:56,960
This year is yet to end.
828
00:37:57,240 --> 00:37:59,080
- We need to see more.
- Yes.
829
00:37:59,280 --> 00:38:02,310
We cannot take you
to the Board Room this time,
830
00:38:02,320 --> 00:38:04,440
but I look forward
to seeing you next time.
831
00:38:07,600 --> 00:38:10,240
Up next, we have Heritage Bazaar.
832
00:38:19,640 --> 00:38:22,070
Indian artisans
are in a lot of pain.
833
00:38:22,080 --> 00:38:27,520
And Heritage Bazaar is on a mission
to change their lives,
834
00:38:27,800 --> 00:38:32,080
and to get them the right price
for their talent and hard work.
835
00:38:32,280 --> 00:38:33,640
And how do we plan to do it?
836
00:38:33,800 --> 00:38:37,110
We'll take the artisan
to the world directly
837
00:38:37,120 --> 00:38:39,030
and bring the world to them.
838
00:38:39,040 --> 00:38:41,030
So, when the middleman is ruled out,
839
00:38:41,040 --> 00:38:43,520
they will receive
a big chunk of the profit.
840
00:38:44,080 --> 00:38:47,040
But we don't just want
to be an aggregator site.
841
00:38:47,280 --> 00:38:51,750
We also want them
to upscale their talent,
842
00:38:51,760 --> 00:38:53,830
their design capabilities
843
00:38:53,840 --> 00:38:57,590
so that they can charge
the maximum price for their products.
844
00:38:57,600 --> 00:38:58,950
For the buyers,
845
00:38:58,960 --> 00:39:03,240
they will have access to crafts from
all over the nation in their living room
846
00:39:03,480 --> 00:39:08,150
with quality, reliability
and Heritage Bazaar's assurance.
847
00:39:08,160 --> 00:39:10,840
Don't you want their lives
to change?
848
00:39:11,040 --> 00:39:13,110
Let us make them also rich.
849
00:39:13,120 --> 00:39:14,270
Your ask?
850
00:39:14,280 --> 00:39:17,440
Our ask is ₹6 crore
for a generous 50%.
851
00:39:20,240 --> 00:39:20,950
Heritage Bazaar...
852
00:39:20,960 --> 00:39:23,350
Their ask was pretty big
compared to their valuation.
853
00:39:23,360 --> 00:39:28,670
Yeah, I mean, for the judges,
giving such a big part
854
00:39:28,680 --> 00:39:31,230
of the fund at such an early part
of the challenge...
855
00:39:31,240 --> 00:39:33,400
Probably, they need to see more.
856
00:39:34,080 --> 00:39:37,360
Are you here for a profit
or a non-profit situation?
857
00:39:37,640 --> 00:39:40,110
No, we definitely have a profit.
Enough people are doing CSR.
858
00:39:40,120 --> 00:39:42,630
Your website, your app, your API.
859
00:39:42,640 --> 00:39:45,080
So, this is a very strong
technology play.
860
00:39:45,280 --> 00:39:47,590
Does any one of you
have a technical background?
861
00:39:47,600 --> 00:39:49,590
Yes. We've onboarded a CTO.
862
00:39:49,600 --> 00:39:52,030
- He's worked with the US military.
- Excellent.
863
00:39:52,040 --> 00:39:54,870
So, how much profit will
you share with the artisans?
864
00:39:54,880 --> 00:39:57,800
We'll have a 15% commission
on the sale.
865
00:39:57,920 --> 00:40:01,230
It's a combination of commission
on sales and subscription.
866
00:40:01,240 --> 00:40:04,600
So, for one year, this particular
service will be given free of cost.
867
00:40:06,160 --> 00:40:09,270
The best part is your business
is built on a cost,
868
00:40:09,280 --> 00:40:10,790
but this is business, right?
869
00:40:10,800 --> 00:40:13,950
And when this business makes money,
you will work harder--
870
00:40:13,960 --> 00:40:15,670
- And it will help the artisans more.
- Exactly.
871
00:40:15,680 --> 00:40:17,150
So, I think it's fair.
872
00:40:17,160 --> 00:40:18,390
- Absolutely.
- Amazing.
873
00:40:18,400 --> 00:40:20,750
Let's go to the Board Room,
and let's talk business.
874
00:40:20,760 --> 00:40:21,720
- Thank you.
- Thank you, sir.
875
00:40:23,040 --> 00:40:25,110
- Let's talk business.
- Thank you so much.
876
00:40:25,120 --> 00:40:27,270
While you are talking business,
you also have my heart.
877
00:40:27,280 --> 00:40:29,310
Thank you so much. It means a lot.
878
00:40:29,320 --> 00:40:32,160
- Excited to take you to the Board Room.
- Let's talk business.
879
00:40:33,360 --> 00:40:38,270
Has anyone ever told you
that you talk like Shashi Tharoor?
880
00:40:38,280 --> 00:40:40,520
In fact,
he looks and talks like him.
881
00:40:40,800 --> 00:40:43,470
That I say as a compliment.
I am with you. Let's talk business.
882
00:40:43,480 --> 00:40:44,670
Thank you.
883
00:40:44,680 --> 00:40:46,360
- Bye. Thank you.
- Thank you.
884
00:40:53,200 --> 00:40:54,720
Three in the Board Room.
885
00:40:55,560 --> 00:40:57,120
Three in the Board Room.
886
00:40:57,480 --> 00:40:58,640
Oh, wow.
887
00:41:00,800 --> 00:41:05,790
It's time, Dhruv, Manish, Darpan,
888
00:41:05,800 --> 00:41:08,000
- for us to step into the Board Room.
- Yeah.
889
00:41:08,200 --> 00:41:11,870
And, Karan and Manju-ji,
we will see you soon.
890
00:41:11,880 --> 00:41:14,430
- You won't be coming to the Board Room--
- I am very sad to miss the Board Room,
891
00:41:14,440 --> 00:41:15,710
but I want to hear all about it.
892
00:41:15,720 --> 00:41:18,640
We will tell you all about it.
Come on, let's do this.
893
00:41:19,000 --> 00:41:20,670
This is a very exciting phase now
894
00:41:20,680 --> 00:41:23,310
because we are all friends
They are in the Board Room
895
00:41:23,320 --> 00:41:25,320
having discussions with the Angels.
896
00:41:25,560 --> 00:41:27,990
They must be having
heated debates, arguments.
897
00:41:28,000 --> 00:41:33,310
Our intuition and the butterflies
in our stomach
898
00:41:33,320 --> 00:41:40,200
tell us, logically,
Vardi sounds viable.
899
00:41:41,120 --> 00:41:44,230
As long as the Board Room
sessions are going on,
900
00:41:44,240 --> 00:41:47,190
I am on the edge.
I mean I am not sitting idle.
901
00:41:47,200 --> 00:41:48,920
I am just pacing through the room.
902
00:41:49,880 --> 00:41:52,270
- Rohit from Vardi.
- Yes, definitely.
903
00:41:52,280 --> 00:41:57,310
I had a question. When you talk about
uniforms, which is a very patriotic idea,
904
00:41:57,320 --> 00:42:00,590
all of us liked it
and it touched our hearts.
905
00:42:00,600 --> 00:42:02,870
- But the authenticity...
- Correct.
906
00:42:02,880 --> 00:42:04,760
Where are we with your permissions?
907
00:42:05,120 --> 00:42:08,470
So, I do have permissions
in terms of collecting uniforms.
908
00:42:08,480 --> 00:42:12,110
But one thing that I have to
point out here to all of you is that
909
00:42:12,120 --> 00:42:13,790
you have the permission,
910
00:42:13,800 --> 00:42:16,600
but you don't have the complete,
exclusive right.
911
00:42:17,480 --> 00:42:21,270
So this idea and concept
can go to someone else.
912
00:42:21,280 --> 00:42:23,030
- I want to get it patented.
- Yes.
913
00:42:23,040 --> 00:42:24,600
But I don't have the funds for it.
914
00:42:25,400 --> 00:42:27,390
If your brand becomes popular,
915
00:42:27,400 --> 00:42:29,830
people will cheaply print
the same thing.
916
00:42:29,840 --> 00:42:30,910
- It can also be copied.
- Correct.
917
00:42:30,920 --> 00:42:32,230
So, if you have
a proper certification...
918
00:42:32,240 --> 00:42:33,910
That I was thinking of...
919
00:42:33,920 --> 00:42:35,550
Something I am planning to launch.
920
00:42:35,560 --> 00:42:38,000
There will be a QR code
on every product.
921
00:42:38,200 --> 00:42:40,040
And when the customer scans it,
922
00:42:40,240 --> 00:42:45,390
it will tell them this fabric
was worn by Gurkha Rifles Regiment.
923
00:42:45,400 --> 00:42:48,830
How far are you on this tagging?
How long will the development take?
924
00:42:48,840 --> 00:42:50,910
That is in the pipeline.
925
00:42:50,920 --> 00:42:52,280
Rohit, how long
have you been doing this?
926
00:42:52,440 --> 00:42:53,830
Sir, since two-two and a half years.
927
00:42:53,840 --> 00:42:55,270
You've been doing this
for two and a half years
928
00:42:55,280 --> 00:42:57,480
and everything is
in future tense, buddy.
929
00:42:57,640 --> 00:42:58,600
Yes.
930
00:42:59,280 --> 00:43:01,920
So, what was your revenue
in the past two years?
931
00:43:02,160 --> 00:43:04,350
In the first year, around ₹3.5 lakh.
932
00:43:04,360 --> 00:43:07,230
And then post that is the rest.
933
00:43:07,240 --> 00:43:10,110
- We know you said ₹10 lakh.
- Total.
934
00:43:10,120 --> 00:43:11,750
- Lifetime earnings.
- Lifetime earnings.
935
00:43:11,760 --> 00:43:12,670
- Correct.
- Roughly ₹5 lakh.
936
00:43:12,680 --> 00:43:14,640
And ₹20 crore...
937
00:43:17,160 --> 00:43:18,640
is the valuation he...
938
00:43:19,720 --> 00:43:21,110
On what basis?
939
00:43:21,120 --> 00:43:23,590
So, firstly, I would like
to talk about the sales.
940
00:43:23,600 --> 00:43:26,230
Why the sales is so bad?
941
00:43:26,240 --> 00:43:28,830
- It hasn't started, basically.
- It hasn't started
942
00:43:28,840 --> 00:43:31,920
because this concept
is brand new in the country.
943
00:43:32,160 --> 00:43:34,160
That is not the challenge
right now, Rohit.
944
00:43:35,440 --> 00:43:36,990
Where do you sell, Rohit?
Where are you selling the product?
945
00:43:37,000 --> 00:43:38,550
Well, only on my website.
946
00:43:38,560 --> 00:43:40,230
You haven't tapped
the marketplace yet.
947
00:43:40,240 --> 00:43:42,870
Rohit, there is so much potential here.
So, what is holding you back?
948
00:43:42,880 --> 00:43:46,470
I came on this show
not just for funds,
949
00:43:46,480 --> 00:43:48,870
but basically for mentorship.
950
00:43:48,880 --> 00:43:50,550
So, I want a growth partner.
951
00:43:50,560 --> 00:43:52,590
- I think it's beyond mentorship.
- Right.
952
00:43:52,600 --> 00:43:55,440
- I think it is true incubation.
- True. Agreed.
953
00:43:55,960 --> 00:43:57,470
You are a one-man army.
954
00:43:57,480 --> 00:44:00,790
Unfortunately, one-man army
is not great when you want to scale.
955
00:44:00,800 --> 00:44:01,800
Exactly.
956
00:44:02,120 --> 00:44:04,830
We'll give you some kind
of a token amount now.
957
00:44:04,840 --> 00:44:08,480
For that first stage,
we could do ₹50 lakh.
958
00:44:09,000 --> 00:44:11,270
However, it comes in two-steps.
959
00:44:11,280 --> 00:44:13,750
Step number one:
We give you ₹10 lakh,
960
00:44:13,760 --> 00:44:15,150
we take 10%,
961
00:44:15,160 --> 00:44:17,750
and we say that all you have to do
is bring that written permission.
962
00:44:17,760 --> 00:44:20,320
Since you're saying you have it,
that step is already covered.
963
00:44:20,520 --> 00:44:23,230
For the next ₹40 lakh,
we will take 15%.
964
00:44:23,240 --> 00:44:27,360
Meaning your valuation
has jumped to ₹2.66 crore.
965
00:44:27,480 --> 00:44:30,670
Most importantly,
you have ₹50 lakh in-hand
966
00:44:30,680 --> 00:44:33,470
to get started. You've been doing
this for the past two years, friend.
967
00:44:33,480 --> 00:44:35,750
Mark Zuckerberg
has said the biggest risk
968
00:44:35,760 --> 00:44:37,230
- is not taking any risk!
- Is not taking any risk!
969
00:44:37,240 --> 00:44:38,390
Yes. Yes.
970
00:44:38,400 --> 00:44:41,360
I think you can't have a better
platform than this to get started.
971
00:44:48,120 --> 00:44:50,520
We are taking chance.
You take a chance.
972
00:44:56,680 --> 00:44:59,880
With all due respect, I would
really like to come back on this.
973
00:45:02,880 --> 00:45:05,310
I am not happy with this offer.
974
00:45:05,320 --> 00:45:08,590
There is a huge difference
between the original ask and offer.
975
00:45:08,600 --> 00:45:11,160
- What's up, guys?
- Talking about Vardi.
976
00:45:11,400 --> 00:45:13,360
Vardi is here!
977
00:45:13,600 --> 00:45:15,200
- Tell us what happened.
- What happened in the Board Room?
978
00:45:15,360 --> 00:45:18,030
Did you get an offer?
979
00:45:18,040 --> 00:45:19,790
I got an offer...
980
00:45:19,800 --> 00:45:20,870
Okay.
981
00:45:20,880 --> 00:45:22,470
I did not take the offer.
982
00:45:22,480 --> 00:45:23,710
Oh!
983
00:45:23,720 --> 00:45:26,080
Okay. That's nice.
That's also good.
984
00:45:26,240 --> 00:45:28,080
Hoping I'll get more, right? More?
985
00:45:29,800 --> 00:45:31,910
Even with so much confidence,
986
00:45:31,920 --> 00:45:34,150
how come in two years
he's not done anything.
987
00:45:34,160 --> 00:45:36,800
That's the thing.
I think with the right mentorship,
988
00:45:37,080 --> 00:45:38,960
- these problems could've been solved.
- He can do it.
989
00:45:39,920 --> 00:45:42,800
All right, we have done
our due diligence as well.
990
00:45:43,000 --> 00:45:46,150
We are fully aware of
your structure and everything.
991
00:45:46,160 --> 00:45:51,510
After doing our due diligence,
your ask was for ₹3 crore.
992
00:45:51,520 --> 00:45:52,390
Yes.
993
00:45:52,400 --> 00:45:56,720
And you doubled your ask
after coming inside.
994
00:45:57,960 --> 00:46:01,350
The main reason is that
we'll focus on two categories.
995
00:46:01,360 --> 00:46:03,830
One is textiles,
and the second is woodwork.
996
00:46:03,840 --> 00:46:05,750
So, woodwork
in terms of furniture...
997
00:46:05,760 --> 00:46:07,430
- In terms of furniture...
- Artifacts.
998
00:46:07,440 --> 00:46:08,270
Correct.
999
00:46:08,280 --> 00:46:12,160
Woodwork doesn't come
under our jurisdiction, so to speak.
1000
00:46:12,320 --> 00:46:14,680
We are here to talk about fashion.
1001
00:46:15,640 --> 00:46:19,230
If we include other categories,
then that is our ask.
1002
00:46:19,240 --> 00:46:23,430
If you only consider textiles,
our ask is ₹3 crore.
1003
00:46:23,440 --> 00:46:27,470
Your ask is ₹3 crore
for 50% equity.
1004
00:46:27,480 --> 00:46:28,550
- Absolutely.
- Great.
1005
00:46:28,560 --> 00:46:31,350
Where do you need these ₹3 crore?
Let's look at year one.
1006
00:46:31,360 --> 00:46:33,630
The expense of year one
is ₹3.8 crore.
1007
00:46:33,640 --> 00:46:36,080
-₹70 lakh is for platform development.
- Yes.
1008
00:46:36,240 --> 00:46:38,030
184 in salaries.
1009
00:46:38,040 --> 00:46:40,350
In recruitment,
we basically have three people.
1010
00:46:40,360 --> 00:46:43,630
Then there's the director's salary.
Then we have people in IT maintenance.
1011
00:46:43,640 --> 00:46:45,030
Then we have analytics.
1012
00:46:45,040 --> 00:46:46,830
We have three people
in the first year.
1013
00:46:46,840 --> 00:46:49,120
And then we have, for marketing,
four people.
1014
00:46:49,320 --> 00:46:51,560
- Too many people in the first year.
- Who are they marketing?
1015
00:46:53,880 --> 00:46:56,190
But we have to publicise
the website.
1016
00:46:56,200 --> 00:46:57,790
When is the website going live?
1017
00:46:57,800 --> 00:46:59,670
You can see a prototype right now.
1018
00:46:59,680 --> 00:47:00,750
Let's see it.
1019
00:47:00,760 --> 00:47:05,110
Right now it's only the textile part,
which is kind of happening.
1020
00:47:05,120 --> 00:47:06,430
If I go into textiles,
1021
00:47:06,440 --> 00:47:09,230
then I see all the different
types of textiles that are on it.
1022
00:47:09,240 --> 00:47:10,270
Okay, let's continue.
1023
00:47:10,280 --> 00:47:12,830
Then we have four customer
service executives,
1024
00:47:12,840 --> 00:47:15,110
which is ₹14 lakh.
This is 172.
1025
00:47:15,120 --> 00:47:16,750
How much have you spent so far?
1026
00:47:16,760 --> 00:47:18,760
So far, we haven't spent anything.
1027
00:47:19,840 --> 00:47:25,080
I think your requirement...
isn't that high.
1028
00:47:27,520 --> 00:47:29,880
I think if a business
has ₹20 crore,
1029
00:47:30,120 --> 00:47:32,600
₹1 crore from you
and ₹1 crore from us,
1030
00:47:32,760 --> 00:47:35,030
the business has enough capital
in here
1031
00:47:35,040 --> 00:47:38,470
- to actually kick-start itself.
- And have results.
1032
00:47:38,480 --> 00:47:39,720
And have results.
1033
00:47:42,760 --> 00:47:45,840
I... I appreciate
what you are saying.
1034
00:47:46,000 --> 00:47:49,840
But we can't work under restraints.
1035
00:47:53,080 --> 00:47:55,150
But too much liberty can also
1036
00:47:55,160 --> 00:47:56,710
create problems.
1037
00:47:56,720 --> 00:47:57,800
Right?
1038
00:48:00,440 --> 00:48:01,760
Will you take our offer?
1039
00:48:03,200 --> 00:48:07,600
We got their advice in the Board Room,
which was invaluable.
1040
00:48:07,960 --> 00:48:11,510
And it inclined us to think.
1041
00:48:11,520 --> 00:48:20,000
And we started seeing things
under a different light.
1042
00:48:23,640 --> 00:48:25,430
So, Banana Club, shall we begin?
1043
00:48:25,440 --> 00:48:26,520
Yes.
1044
00:48:27,400 --> 00:48:28,470
Great revenue.
1045
00:48:28,480 --> 00:48:30,430
But I don't understand
your visibility.
1046
00:48:30,440 --> 00:48:33,040
I've never seen you,
heard of you, nothing.
1047
00:48:33,560 --> 00:48:34,430
Nothing.
1048
00:48:34,440 --> 00:48:36,950
- As of today--
- Seven in Bangalore
1049
00:48:36,960 --> 00:48:38,230
and one in Hyderabad.
1050
00:48:38,240 --> 00:48:39,550
Your online is 30%.
1051
00:48:39,560 --> 00:48:42,640
We started last Diwali.
1052
00:48:42,760 --> 00:48:46,200
Within a year, we earned
a gross revenue of ₹4 crore.
1053
00:48:47,320 --> 00:48:50,230
Neel and Prashanth,
that itself is a great achievement.
1054
00:48:50,240 --> 00:48:50,950
Yes, sir.
1055
00:48:50,960 --> 00:48:53,230
If you have to point out your USP,
1056
00:48:53,240 --> 00:48:54,750
is it social media marketing?
1057
00:48:54,760 --> 00:48:56,990
In India, the price point
is very competitive.
1058
00:48:57,000 --> 00:48:59,470
So, it's the price point
that's really helping you.
1059
00:48:59,480 --> 00:49:01,840
- Yes.
- So, now what is your ask from us?
1060
00:49:02,480 --> 00:49:04,960
₹15 crore against 5% equity.
1061
00:49:05,160 --> 00:49:07,150
- You are a profitable business.
- Very profitable.
1062
00:49:07,160 --> 00:49:10,790
Correct?
So, why do you need money?
1063
00:49:10,800 --> 00:49:11,590
Why?
1064
00:49:11,600 --> 00:49:15,470
We need it to expand in places
like Mumbai, Delhi, Chennai.
1065
00:49:15,480 --> 00:49:17,070
How much capex does a store need?
1066
00:49:17,080 --> 00:49:19,150
One store takes ₹2 crore
1067
00:49:19,160 --> 00:49:21,430
owing to our store size,
which is 4,000 sq. ft.
1068
00:49:21,440 --> 00:49:23,320
That's the average store size.
1069
00:49:24,480 --> 00:49:27,000
- Wasn't your revenue ₹31 crore last year?
- Yes.
1070
00:49:27,280 --> 00:49:28,760
10 times sales.
1071
00:49:29,600 --> 00:49:33,470
650, 700, 750...
Whatever we close at this year,
1072
00:49:33,480 --> 00:49:38,150
next year, we won't close sale
below ₹150 crore.
1073
00:49:38,160 --> 00:49:39,390
And we have full faith in that.
1074
00:49:39,400 --> 00:49:41,350
Guys, you know
what's really baffling.
1075
00:49:41,360 --> 00:49:44,710
They have built such a big business,
and they own 100% of their business.
1076
00:49:44,720 --> 00:49:45,990
That's true. Commendable.
1077
00:49:46,000 --> 00:49:48,720
- I think we should talk numbers.
- Yes, I think we should.
1078
00:49:49,080 --> 00:49:53,710
Today, we can go with ₹7.5 crore
for the 5%.
1079
00:49:53,720 --> 00:49:56,550
Your valuation of 300 crore
will come down to 150 crore.
1080
00:49:56,560 --> 00:50:00,030
Most importantly,
you're worth 150 crore today.
1081
00:50:00,040 --> 00:50:02,750
You'll own a hundred percent
of your company.
1082
00:50:02,760 --> 00:50:06,030
You guys would be owning
142.5 crore right now.
1083
00:50:06,040 --> 00:50:08,720
We don't research that much.
1084
00:50:09,360 --> 00:50:10,830
All we know is that
1085
00:50:10,840 --> 00:50:12,470
- we know to do business.
- You do, sir.
1086
00:50:12,480 --> 00:50:14,360
- We know how to make it profitable.
- He is absolutely right.
1087
00:50:17,560 --> 00:50:20,110
The Fashion Entrepreneur Fund
1088
00:50:20,120 --> 00:50:21,400
is ₹30 crore.
1089
00:50:25,440 --> 00:50:29,160
You are asking for
half of our entire fund.
1090
00:50:33,480 --> 00:50:35,990
According to us,
we're asking for too less.
1091
00:50:36,000 --> 00:50:38,030
Do you want to take this offer,
1092
00:50:38,040 --> 00:50:41,070
or would you like to
come back again and pitch?
1093
00:50:41,080 --> 00:50:42,800
You decide. It's very simple.
1094
00:50:46,080 --> 00:50:49,080
You might not get this offer again.
1095
00:50:52,800 --> 00:50:55,070
You might not get all six buzzers.
1096
00:50:55,080 --> 00:50:57,440
So, you have to think
about all these things.
1097
00:51:01,360 --> 00:51:04,760
I am just glad that
I got an offer of ₹50 lakh.
1098
00:51:05,000 --> 00:51:08,030
And I am pretty sure I'd be
able to negotiate with them
1099
00:51:08,040 --> 00:51:11,550
because, going forward, I am sure
there would be more challenges
1100
00:51:11,560 --> 00:51:13,640
where I'd be able to
showcase more stuff
1101
00:51:13,880 --> 00:51:16,430
or I'd get a chance
to talk more about it...
1102
00:51:16,440 --> 00:51:19,840
- Absolutely.
- ...and get this cracked.
1103
00:51:20,320 --> 00:51:21,590
- Makes sense.
- Sounds good.
1104
00:51:21,600 --> 00:51:23,680
But not that glad,
or you would have accepted it.
1105
00:51:25,520 --> 00:51:26,350
Certainly.
1106
00:51:26,360 --> 00:51:29,120
You kept asking for 20,
and you got an offer for 50.
1107
00:51:35,440 --> 00:51:37,470
Where is this sound coming from?
What is this?
1108
00:51:37,480 --> 00:51:39,310
We got a little distracted.
1109
00:51:39,320 --> 00:51:40,990
Then we all look at the board,
1110
00:51:41,000 --> 00:51:44,000
and suddenly the ₹30 crore
begins to reduce.
1111
00:51:46,200 --> 00:51:47,600
My money is reducing.
1112
00:51:47,760 --> 00:51:52,240
The more it reduces, the tougher
it's going to be to get my ask.
1113
00:51:56,320 --> 00:52:00,600
Interestingly, Banana Club
has an ask of ₹15 crore.
1114
00:52:05,200 --> 00:52:06,910
They got the fund...
1115
00:52:06,920 --> 00:52:08,640
- 125.
-₹12.5 crore.
1116
00:52:13,440 --> 00:52:14,760
I would like to sweeten it.
1117
00:52:15,800 --> 00:52:17,350
- And give them some more reserve.
- Just a little more reserve.
1118
00:52:17,360 --> 00:52:18,560
Some more buffer.
1119
00:52:20,640 --> 00:52:22,390
₹12.5 crore at 50%.
1120
00:52:22,400 --> 00:52:25,400
125 from us. 125 from you.
1121
00:52:25,520 --> 00:52:27,560
The whole business gets 250.
1122
00:52:28,080 --> 00:52:30,000
Heritage Bazaar,
will you take our offer?
1123
00:52:30,920 --> 00:52:31,920
Gladly!
1124
00:52:32,240 --> 00:52:33,440
Fantastic!
1125
00:52:33,720 --> 00:52:35,590
- Congratulations!
- Congratulations.
1126
00:52:35,600 --> 00:52:39,670
Because I have confidence that
you have our good wishes in your heart.
1127
00:52:39,680 --> 00:52:40,590
Absolutely!
1128
00:52:40,600 --> 00:52:44,430
Guys, this is the first cheque
on Pitch To Get Rich.
1129
00:52:44,440 --> 00:52:45,390
Congratulations.
1130
00:52:45,400 --> 00:52:49,680
Your pitch
has got your company rich.
1131
00:52:49,840 --> 00:52:51,880
Thank you. That's so good.
1132
00:52:58,040 --> 00:53:01,750
I thought one of the pre-revenue
businesses will be closed first
1133
00:53:01,760 --> 00:53:04,760
because their valuation
and ask was pretty big.
1134
00:53:05,120 --> 00:53:06,910
- Banana Club.
- Banana Club had a pretty high ask.
1135
00:53:06,920 --> 00:53:09,400
It's not ₹7.5 crore.
It's ₹150 crore.
1136
00:53:12,600 --> 00:53:14,510
No, sir. We'll take a chance.
1137
00:53:14,520 --> 00:53:15,990
- I love the confidence.
- I love it.
1138
00:53:16,000 --> 00:53:18,070
- We will see you back, hopefully.
- Thank you, sir. Thank you.
1139
00:53:18,080 --> 00:53:19,510
- Very soon.
- Looking forward to seeing you.
1140
00:53:19,520 --> 00:53:22,870
We know the value
of our company and brand.
1141
00:53:22,880 --> 00:53:25,030
We came prepared in our minds
1142
00:53:25,040 --> 00:53:28,350
that we won't leave
until we get this.
1143
00:53:28,360 --> 00:53:30,870
Whether we'd get back in
the Board Room is not guaranteed.
1144
00:53:30,880 --> 00:53:34,830
But we are dedicated
to move forward.
1145
00:53:34,840 --> 00:53:36,160
So, let's see what happens.
1146
00:53:40,400 --> 00:53:44,030
The excitement
is now getting stressful
1147
00:53:44,040 --> 00:53:45,870
because the asks are too many.
1148
00:53:45,880 --> 00:53:47,870
So someone will have to back down.
1149
00:53:47,880 --> 00:53:49,840
And nobody wants to be that person.
1150
00:53:50,480 --> 00:53:52,190
It's... nerve-wracking.
1151
00:53:52,200 --> 00:53:58,070
I can't tell you.
My heart rate is at least 120-150.
1152
00:53:58,080 --> 00:54:01,070
A lot of uncertainty...
and anxiety.
1153
00:54:01,080 --> 00:54:05,190
I think not just with me,
but with all the remaining founders.
1154
00:54:05,200 --> 00:54:06,590
They are all on edge.
1155
00:54:06,600 --> 00:54:08,070
I don't know what's going to happen.
1156
00:54:08,080 --> 00:54:11,400
Looks like a tough game
further ahead.
1157
00:55:52,520 --> 00:55:55,040
Fashion Entrepreneur's Fund has...
1158
00:55:55,520 --> 00:55:57,390
₹30 crore.
1159
00:55:57,400 --> 00:55:59,310
Ka-ching! Ka-ching! Ka-ching!
1160
00:55:59,320 --> 00:56:00,230
₹30 crore!
1161
00:56:00,240 --> 00:56:01,550
If they give us the money,
1162
00:56:01,560 --> 00:56:05,150
our brand will move up
five-fold from its current position.
1163
00:56:05,160 --> 00:56:09,270
Your pitch will have
to be all of 60 seconds.
1164
00:56:09,280 --> 00:56:11,150
Stylox is a denim wear brand,
1165
00:56:11,160 --> 00:56:13,510
which makes style
and comfort affordable.
1166
00:56:13,520 --> 00:56:17,310
When a soldier's uniform becomes old,
what happens to it?
1167
00:56:17,320 --> 00:56:19,470
Armuse is more than just a business.
1168
00:56:19,480 --> 00:56:21,390
Return customer rate
is very, very high.
1169
00:56:21,400 --> 00:56:23,670
We've grown from ₹6.5 crore
to ₹17 crore, then to ₹31 crore
1170
00:56:23,680 --> 00:56:25,950
-₹6 crore...
-₹4 crore in return of CCPS.
1171
00:56:25,960 --> 00:56:27,320
Let's talk business.
1172
00:56:29,280 --> 00:56:31,310
Here's ₹7.5 crore
for the 5%.
1173
00:56:31,320 --> 00:56:32,480
Will you take our offer?
1174
00:56:36,960 --> 00:56:40,510
From ₹30 crore to ₹28.75 crore
1175
00:56:40,520 --> 00:56:44,190
in a single episode.
1176
00:56:44,200 --> 00:56:48,520
Your pitch has got
your company rich.
1177
00:57:01,080 --> 00:57:03,000
Pitch To Get Rich.
1178
00:57:04,560 --> 00:57:08,230
77% customers check
the entire collection of a brand
1179
00:57:08,240 --> 00:57:11,710
before they buy because
customers want variety.
1180
00:57:11,720 --> 00:57:15,000
More SKUs, that is,
a greater number of products,
1181
00:57:15,120 --> 00:57:16,350
lead to higher sales.
1182
00:57:16,360 --> 00:57:20,110
In the next pitch,
founders have to show their variety.
1183
00:57:20,120 --> 00:57:22,240
Meaning product range.
1184
00:57:22,480 --> 00:57:25,070
How? Through a fashion show.
1185
00:57:25,080 --> 00:57:29,030
Basically, showcase your range
for millions in exchange.
1186
00:57:29,040 --> 00:57:34,760
To complete this challenge,
the founders will only get 48 hours.
1187
00:57:37,280 --> 00:57:40,350
Forty-eight hours to
prepare for your fashion show.
1188
00:57:40,360 --> 00:57:43,000
I think it's next to impossible.
1189
00:57:43,440 --> 00:57:46,670
We have to start brainstorming
all the ideas for the ramp walk
1190
00:57:46,680 --> 00:57:49,160
and showcase our entire range.
1191
00:57:49,560 --> 00:57:53,950
I think this pitch is tougher
than the previous one.
1192
00:57:53,960 --> 00:57:56,230
The top five lehengas
which they like...
1193
00:57:56,240 --> 00:57:58,520
- Yeah.
- Let's lock them first.
1194
00:57:58,680 --> 00:58:01,640
Okay, this is our
entire Jaipur concept.
1195
00:58:02,520 --> 00:58:06,950
There is hair and make-up,
accessories, models, fittings,
1196
00:58:06,960 --> 00:58:10,510
presentation, music
that still need to be discussed.
1197
00:58:10,520 --> 00:58:12,230
The choreographers have arrived.
1198
00:58:12,240 --> 00:58:15,390
At best, what I want you to do is
maybe put a DJ console at the back.
1199
00:58:15,400 --> 00:58:17,030
It's a party. It's a celebration.
1200
00:58:17,040 --> 00:58:20,630
I want to showcase my maximum range
because we have 180 styles.
1201
00:58:20,640 --> 00:58:22,990
Let them wear a pair of shoes
and carry another.
1202
00:58:23,000 --> 00:58:25,720
Tell her about your first pitch.
1203
00:58:25,960 --> 00:58:28,190
Then only she will
understand what it is.
1204
00:58:28,200 --> 00:58:29,390
We are Banana Labs.
1205
00:58:29,400 --> 00:58:32,320
Introducing Banana Labs...
Banana Labs is actually...
1206
00:58:32,520 --> 00:58:34,960
It means to make and...
1207
00:58:36,040 --> 00:58:37,080
I am sorry...
1208
00:58:41,080 --> 00:58:44,030
I could be that meme
trending on the Internet
1209
00:58:44,040 --> 00:58:45,470
of things not to do in a pitch.
1210
00:58:45,480 --> 00:58:48,550
And that moment was like
rock bottom, which I hit.
1211
00:58:48,560 --> 00:58:51,120
After that, I knew there
is only one way and that is up.
1212
00:58:51,560 --> 00:58:53,110
We are an infinite service provider.
1213
00:58:53,120 --> 00:58:57,510
CloudTailor gives you the service of
designing exactly the way you want.
1214
00:58:57,520 --> 00:58:59,110
How do we showcase this
1215
00:58:59,120 --> 00:59:01,870
rather than showcasing
the fashion we create?
1216
00:59:01,880 --> 00:59:04,640
We don't own the style,
our customers do.
1217
00:59:05,280 --> 00:59:08,270
We have an entire virtual world
where anything is possible for us.
1218
00:59:08,280 --> 00:59:10,710
We're designing the clothes in 3D.
1219
00:59:10,720 --> 00:59:11,990
Every little detail,
1220
00:59:12,000 --> 00:59:15,470
every stone, gold thread
1221
00:59:15,480 --> 00:59:19,080
should look exactly
as it appears in real life.
1222
00:59:19,320 --> 00:59:23,190
We want to showcase their brands
through our product.
1223
00:59:23,200 --> 00:59:26,190
Competition is growing,
funds are decreasing.
1224
00:59:26,200 --> 00:59:28,870
I guess we will have to up our game.
1225
00:59:28,880 --> 00:59:30,560
Should we go? Can we start?
1226
00:59:33,880 --> 00:59:37,630
The sizes that sell the most
are 42, 43, 44...
1227
00:59:37,640 --> 00:59:40,790
But all the models here
have sizes 44, 45.
1228
00:59:40,800 --> 00:59:43,000
So, my planning has backfired on me.
1229
00:59:45,920 --> 00:59:48,310
These are all upcycled
out of military uniforms.
1230
00:59:48,320 --> 00:59:49,600
I'm very confident that,
1231
00:59:49,840 --> 00:59:53,880
after seeing this,
all six buzzers will get hit again.
1232
00:59:55,280 --> 00:59:58,550
Now, the choreography is something
we have to look into. The music,
1233
00:59:58,560 --> 01:00:00,160
how they are walking, the vibe...
1234
01:00:05,760 --> 01:00:06,640
Enter.
1235
01:00:09,280 --> 01:00:10,160
Pose!
1236
01:00:13,960 --> 01:00:17,480
I need you guys to come at me
like an army.
1237
01:00:18,520 --> 01:00:19,990
Let's have them come marching.
1238
01:00:20,000 --> 01:00:21,080
Let's see how it looks.
1239
01:00:31,600 --> 01:00:32,630
We're under a lot of stress.
1240
01:00:32,640 --> 01:00:35,510
They turned down the showstopper,
told us to change the clothes.
1241
01:00:35,520 --> 01:00:36,960
We are completely screwed.
1242
01:00:43,040 --> 01:00:45,790
On the red carpet of
Pitch To Get Rich, our Angels
1243
01:00:45,800 --> 01:00:48,760
have arrived ready to witness
the founders' fashion showcase.
1244
01:00:57,160 --> 01:00:58,630
I am excited to see Banana Club.
1245
01:00:58,640 --> 01:01:00,710
I am excited see
what Vardi brings today.
1246
01:01:00,720 --> 01:01:03,110
Also, how
the technology-based companies
1247
01:01:03,120 --> 01:01:04,950
will showcase their collection,
1248
01:01:04,960 --> 01:01:06,670
I am very excited to see that.
1249
01:01:06,680 --> 01:01:08,680
Joining the panel as a guest...
1250
01:01:10,320 --> 01:01:12,600
Angel...
is the beautiful and bubbly
1251
01:01:13,160 --> 01:01:15,600
Gen Z star Ananya Pandey.
1252
01:01:16,880 --> 01:01:20,150
I especially enjoy working
with upcoming designers.
1253
01:01:20,160 --> 01:01:21,950
To see what's out there.
Fresh talent.
1254
01:01:21,960 --> 01:01:23,270
I love working with new designers.
1255
01:01:23,280 --> 01:01:25,310
So I am very excited
1256
01:01:25,320 --> 01:01:27,470
because I want to find
my next outfit
1257
01:01:27,480 --> 01:01:29,470
for my next red carpet
and my next outing.
1258
01:01:29,480 --> 01:01:30,910
So, I'll be on the lookout for that.
1259
01:01:30,920 --> 01:01:32,350
Hello, everyone.
1260
01:01:32,360 --> 01:01:34,360
- Hello.
- Hi.
1261
01:01:42,200 --> 01:01:44,390
- Are you ready, Ananya?
- Yes, I am very excited.
1262
01:01:44,400 --> 01:01:48,870
Thirteen companies are going
to showcase their entire product.
1263
01:01:48,880 --> 01:01:52,270
Some are tech companies,
some are clothes, some are shoes.
1264
01:01:52,280 --> 01:01:53,710
It's a variety out there.
1265
01:01:53,720 --> 01:01:55,070
But being Chunkey Pandey's daughter,
1266
01:01:55,080 --> 01:01:57,990
I am not very good
at giving money away.
1267
01:01:58,000 --> 01:01:59,080
Okay...
1268
01:02:01,040 --> 01:02:02,390
So, I think it's going
to be a little tough.
1269
01:02:02,400 --> 01:02:03,910
We'll take good care
of your money, Ananya.
1270
01:02:03,920 --> 01:02:04,910
Fine.
1271
01:02:04,920 --> 01:02:08,750
All right. Are you ready
for our fashion show showcase?
1272
01:02:08,760 --> 01:02:11,110
- Yes.
- I love fashion shows.
1273
01:02:11,120 --> 01:02:12,030
Come on, bring it on!
1274
01:02:12,040 --> 01:02:14,720
First company coming up
is Talking Threads.
1275
01:02:16,680 --> 01:02:19,240
Our range is our strength.
1276
01:02:30,760 --> 01:02:33,280
Different occasions,
different collection.
1277
01:02:34,720 --> 01:02:38,040
Each exhibit is from
a distinct collection.
1278
01:02:43,640 --> 01:02:46,640
Every garment is a work of art.
1279
01:03:01,040 --> 01:03:02,550
Tell us something
about the showstopper.
1280
01:03:02,560 --> 01:03:05,310
- She's a real bride of Talking Threads.
- How lovely.
1281
01:03:05,320 --> 01:03:09,400
Srishti and Sharan's love story
got etched onto the garment.
1282
01:03:10,040 --> 01:03:11,320
Oh, wow.
1283
01:03:11,760 --> 01:03:14,150
She'd love to take a moment
to quickly show you the moment.
1284
01:03:14,160 --> 01:03:15,280
- Yeah, sure. Come.
- Yes.
1285
01:03:16,760 --> 01:03:19,910
So, we've got eight motifs
that sort of symbolise our journey.
1286
01:03:19,920 --> 01:03:22,720
We met in Prague.
We started dating in Prague, rather.
1287
01:03:22,960 --> 01:03:24,870
There's the Charles Bridge here.
1288
01:03:24,880 --> 01:03:26,030
- Yeah.
- That you can see.
1289
01:03:26,040 --> 01:03:27,710
- Yeah.
- We dived together.
1290
01:03:27,720 --> 01:03:29,870
- So that's a Manta ray.
- Oh wow.
1291
01:03:29,880 --> 01:03:33,070
We love our whiskey,
so there are whiskey glasses.
1292
01:03:33,080 --> 01:03:34,710
It's such a lovely thought.
1293
01:03:34,720 --> 01:03:36,310
Yeah, it's very pretty.
1294
01:03:36,320 --> 01:03:38,000
Thank you so much. Cheers.
1295
01:03:38,160 --> 01:03:39,240
Thank you.
1296
01:03:39,720 --> 01:03:40,830
I am giving it a buzz.
1297
01:03:40,840 --> 01:03:43,150
- I love that. I think that's so cute.
- Do you like your memories
1298
01:03:43,160 --> 01:03:44,870
- to be etched on your lehenga?
- I would love that.
1299
01:03:44,880 --> 01:03:46,630
- I am doing this idea.
- You're sold?
1300
01:03:46,640 --> 01:03:47,870
I am taking you up on that.
1301
01:03:47,880 --> 01:03:50,840
Okay, let's do it.
I'll get my motifs ready.
1302
01:03:53,800 --> 01:03:57,630
Pearl, for me personally,
I feel this space that you do,
1303
01:03:57,640 --> 01:03:58,750
and you specialise in...
1304
01:03:58,760 --> 01:04:01,070
For me, I think
it is a very cluttered space.
1305
01:04:01,080 --> 01:04:02,790
- It is. It is.
- In India, okay.
1306
01:04:02,800 --> 01:04:05,600
Then I need to see something
that really blows me away.
1307
01:04:07,920 --> 01:04:09,120
I am not convinced yet.
1308
01:04:10,880 --> 01:04:12,110
Let me ask you a question.
1309
01:04:12,120 --> 01:04:14,110
Do we have
any particular bridal brand
1310
01:04:14,120 --> 01:04:16,400
in India that has more
than a 100 touch points?
1311
01:04:17,960 --> 01:04:20,230
Building a start-up is
about taking an opportunity,
1312
01:04:20,240 --> 01:04:22,840
which is fragmented, and
building a consolidated space.
1313
01:04:24,240 --> 01:04:26,760
At the end of the day,
it's a proof of concept.
1314
01:04:27,000 --> 01:04:29,480
The reason we've placed
that showroom in Mehrauli
1315
01:04:29,760 --> 01:04:32,080
was not to say that
we want to compete with Manish.
1316
01:04:32,880 --> 01:04:34,790
This aesthetic that we bring in,
1317
01:04:34,800 --> 01:04:37,280
which is possibly common
in Manish's domain,
1318
01:04:37,640 --> 01:04:39,960
is not common in the domains below.
1319
01:04:42,560 --> 01:04:45,190
I just feel
it's not the right platform
1320
01:04:45,200 --> 01:04:47,270
when people like them talk.
1321
01:04:47,280 --> 01:04:48,630
You know, we can't just like...
1322
01:04:48,640 --> 01:04:50,910
They are sitting on the jury
at the end of the day.
1323
01:04:50,920 --> 01:04:53,470
I would suggest and advice...
1324
01:04:53,480 --> 01:04:55,390
- My "unwanted" advice.
- Not at all.
1325
01:04:55,400 --> 01:04:56,430
- I am just saying...
- Absolutely.
1326
01:04:56,440 --> 01:04:58,310
- Not at all.
- If this is your signature,
1327
01:04:58,320 --> 01:05:00,040
you know what the bride
was speaking about,
1328
01:05:00,200 --> 01:05:01,800
then only go with that.
1329
01:05:02,520 --> 01:05:05,480
I do believe there is a lot of
prettiness in your work.
1330
01:05:05,680 --> 01:05:07,600
There is a fine aesthetic.
1331
01:05:07,800 --> 01:05:11,110
Yes, is it majestic,
the best ever?
1332
01:05:11,120 --> 01:05:12,190
Perhaps not?
1333
01:05:12,200 --> 01:05:15,080
Is it blowing my mind?
Perhaps not.
1334
01:05:15,360 --> 01:05:17,000
But is it a complete diss?
1335
01:05:17,120 --> 01:05:18,270
Also, perhaps not.
1336
01:05:18,280 --> 01:05:21,350
Within that, I suppose the other
feedback, if you can consider,
1337
01:05:21,360 --> 01:05:23,120
then we will see you
in the Board Room.
1338
01:05:23,240 --> 01:05:26,030
- Absolutely.
- But today allow us the pleasure
1339
01:05:26,040 --> 01:05:28,800
of saying
an aesthetic goodbye to you.
1340
01:05:31,600 --> 01:05:34,390
At the end of the day, they
constantly want a design company.
1341
01:05:34,400 --> 01:05:36,270
I am not building
only a design company.
1342
01:05:36,280 --> 01:05:38,110
Design is one element of my company.
1343
01:05:38,120 --> 01:05:39,670
The bride who actually came...
1344
01:05:39,680 --> 01:05:40,870
she went to a Manish.
1345
01:05:40,880 --> 01:05:43,120
And she came
and closed a deal with us.
1346
01:05:43,600 --> 01:05:47,430
Okay, up next we have Vyakti,
which is a cruelty-free brand.
1347
01:05:47,440 --> 01:05:49,760
A vegan brand.
Can we have them, please?
1348
01:05:53,480 --> 01:05:55,790
This concept of plant-based leather
1349
01:05:55,800 --> 01:05:57,560
is going to shine globally.
1350
01:06:00,920 --> 01:06:04,000
Nicely styled. Very nicely styled.
1351
01:06:07,880 --> 01:06:09,830
And if we don't jump
on the opportunity now,
1352
01:06:09,840 --> 01:06:10,870
it's going to be too late.
1353
01:06:10,880 --> 01:06:13,040
It's the sweet spot we are at.
1354
01:06:13,200 --> 01:06:16,160
Whoever manages to carve a niche now
is going to rule this market.
1355
01:06:18,800 --> 01:06:22,510
We need an investment to
increase our range
1356
01:06:22,520 --> 01:06:25,480
and target our customers properly.
1357
01:06:42,560 --> 01:06:45,430
I want to talk business. I love it.
1358
01:06:45,440 --> 01:06:47,950
- Thank you, ma'am.
- I genuinely want to be somebody
1359
01:06:47,960 --> 01:06:53,030
with a voice who can actually
push and talk about vegan leather,
1360
01:06:53,040 --> 01:06:54,190
cruelty-free.
1361
01:06:54,200 --> 01:06:56,070
I feel, if we have a voice,
we should use it.
1362
01:06:56,080 --> 01:06:58,640
- Yes.
- And I would really love to see
1363
01:06:58,920 --> 01:06:59,750
Vyakti go far.
1364
01:06:59,760 --> 01:07:01,350
- I would really love to.
- Thank you, ma'am. Means a lot.
1365
01:07:01,360 --> 01:07:03,790
First of all,
your brand is really good.
1366
01:07:03,800 --> 01:07:08,950
And I have to say it's the most
beautiful presentation I have seen.
1367
01:07:08,960 --> 01:07:11,710
You had my buzzer earlier,
and you have my buzzer now.
1368
01:07:11,720 --> 01:07:12,720
Thank you.
1369
01:07:13,800 --> 01:07:19,080
The moment where the couple walked in
with the same hand colour and bag...
1370
01:07:19,280 --> 01:07:21,600
There's pure aesthetic.
1371
01:07:22,240 --> 01:07:27,360
Your range is limited,
but I know you even have constraints.
1372
01:07:27,600 --> 01:07:31,350
Since you require funding,
you couldn't go all out.
1373
01:07:31,360 --> 01:07:34,470
I am a little on the fence
about the green buzzer.
1374
01:07:34,480 --> 01:07:39,480
But your positives are in abundance.
1375
01:07:40,360 --> 01:07:41,790
What is your current price point?
1376
01:07:41,800 --> 01:07:44,470
We start from ₹2,000
and go till ₹11,000.
1377
01:07:44,480 --> 01:07:47,630
The quality is amazing.
I love that it's inspired by nature,
1378
01:07:47,640 --> 01:07:49,390
and it's cruelty-free and vegan.
1379
01:07:49,400 --> 01:07:52,080
Which is amazing.
So I love it. So, for me, it's a...
1380
01:07:52,720 --> 01:07:53,950
- Thank you, Ananya.
- Thank you.
1381
01:07:53,960 --> 01:07:56,030
I think, for me,
the mission is great.
1382
01:07:56,040 --> 01:07:58,270
Sustainability.
There are various things.
1383
01:07:58,280 --> 01:08:02,240
If the challenge today is range,
I give full credit to the presentation.
1384
01:08:02,440 --> 01:08:05,510
But genuinely if I look at the range,
there are a few good SKUs.
1385
01:08:05,520 --> 01:08:07,710
I believe I want
to support this mission.
1386
01:08:07,720 --> 01:08:10,160
I am literally here.
I am almost touching it.
1387
01:08:10,480 --> 01:08:11,750
And I know you have it in you.
1388
01:08:11,760 --> 01:08:12,950
But I would love to learn more.
1389
01:08:12,960 --> 01:08:16,030
Moving forward, I want to
see what your strengths are.
1390
01:08:16,040 --> 01:08:18,830
Dhruv, Karan,
my advice would be... do it.
1391
01:08:18,840 --> 01:08:19,910
What an impact that was.
1392
01:08:19,920 --> 01:08:21,350
They are restricted by funds
1393
01:08:21,360 --> 01:08:23,150
- to create ranges.
- Exactly.
1394
01:08:23,160 --> 01:08:24,550
You think we can take it further
with funds.
1395
01:08:24,560 --> 01:08:25,470
I think you all should.
1396
01:08:25,480 --> 01:08:28,230
- I think they should.
- Come on, Dhruv. Let's do it together.
1397
01:08:28,240 --> 01:08:29,670
Karan, Dhruv, let's do it together.
1398
01:08:29,680 --> 01:08:31,800
- Karan, come on.
- One, two, three... go.
1399
01:08:32,160 --> 01:08:34,080
All right!
1400
01:08:34,320 --> 01:08:36,720
See you in the Board Room, guys.
Great job, guys. Great job.
1401
01:08:40,120 --> 01:08:42,600
All right, up next is Philocaly.
1402
01:08:46,640 --> 01:08:50,280
My range is something people
have accepted for several years.
1403
01:08:55,400 --> 01:08:58,430
Our repeat customer rate
is through the roof.
1404
01:08:58,440 --> 01:09:02,000
Our lifetime customer value is
through the roof, which is unheard of.
1405
01:09:07,280 --> 01:09:09,960
So, I am pretty confident
about my range.
1406
01:09:14,560 --> 01:09:17,990
Shrey, your cuts... are fine.
1407
01:09:18,000 --> 01:09:20,830
Your fabric selection...
is also okay. Good.
1408
01:09:20,840 --> 01:09:22,480
Embroidery is basic.
1409
01:09:22,720 --> 01:09:23,720
But...
1410
01:09:24,360 --> 01:09:25,960
it's rank average.
1411
01:09:26,960 --> 01:09:28,080
It's mediocre.
1412
01:09:30,600 --> 01:09:33,280
And mediocrity doesn't last long.
1413
01:09:34,640 --> 01:09:37,030
If you want to move
forward in this show,
1414
01:09:37,040 --> 01:09:40,960
in this format, then we have to see
a better product.
1415
01:09:41,680 --> 01:09:44,870
The fall of your trousers
is not so nice.
1416
01:09:44,880 --> 01:09:46,790
It looks uneven to me.
1417
01:09:46,800 --> 01:09:49,880
This is not a presentation
for an investment.
1418
01:09:50,760 --> 01:09:54,910
I am having trouble again
on how to critique this selection.
1419
01:09:54,920 --> 01:09:58,310
On the basis of this selection,
which is the challenge for today,
1420
01:09:58,320 --> 01:10:00,240
it's a strong no.
1421
01:10:01,200 --> 01:10:04,630
I felt they responded
harshly and immediately,
1422
01:10:04,640 --> 01:10:08,720
and their emotional reaction
seemed very unfair.
1423
01:10:08,920 --> 01:10:14,160
Next we have a very massy brand
coming up, which is Stylox.
1424
01:10:15,360 --> 01:10:16,590
Welcome on board.
1425
01:10:16,600 --> 01:10:19,190
Today we are taking you
on a style journey,
1426
01:10:19,200 --> 01:10:23,360
where each look is inspired by
the spirit of travel and adventure.
1427
01:10:23,880 --> 01:10:26,150
We are present in 200 cities.
1428
01:10:26,160 --> 01:10:28,680
We sell 20,000 pieces every month.
1429
01:10:36,160 --> 01:10:39,120
Styling, comfort...
my brand has everything.
1430
01:10:39,320 --> 01:10:41,270
But the designer angle...
1431
01:10:41,280 --> 01:10:43,470
We are not designers ourselves.
1432
01:10:43,480 --> 01:10:45,360
So the thinking obviously differs.
1433
01:10:45,560 --> 01:10:47,040
But we have the numbers
to prove that.
1434
01:10:57,640 --> 01:10:59,870
What is the average cost
of some of the products?
1435
01:10:59,880 --> 01:11:01,190
The jeans, the jackets.
1436
01:11:01,200 --> 01:11:05,710
Everything ranges
from ₹599 to ₹3,499.
1437
01:11:05,720 --> 01:11:09,430
What would be the cost
of the jeans that sir is wearing?
1438
01:11:09,440 --> 01:11:12,070
Anything between ₹2,200 to ₹3,500.
1439
01:11:12,080 --> 01:11:16,230
I think your concept,
your sales pitch is very strong.
1440
01:11:16,240 --> 01:11:18,750
So are your price points, potentially.
1441
01:11:18,760 --> 01:11:22,640
I am not...
entirely impressed with the look.
1442
01:11:23,480 --> 01:11:25,110
It's not looking like a "wow"!
1443
01:11:25,120 --> 01:11:28,190
It's looking like a
"how can it get better."
1444
01:11:28,200 --> 01:11:29,150
- Okay.
- Right.
1445
01:11:29,160 --> 01:11:31,150
See, I don't agree
with what Karan is saying.
1446
01:11:31,160 --> 01:11:33,350
I don't have a problem
with your design
1447
01:11:33,360 --> 01:11:36,240
because I feel there's something
that caters to everybody.
1448
01:11:37,760 --> 01:11:39,430
There are loose fits, straight fits,
1449
01:11:39,440 --> 01:11:41,350
there is a baggy fit,
there are patchwork.
1450
01:11:41,360 --> 01:11:43,040
There is something for everyone.
1451
01:11:43,240 --> 01:11:47,160
For me, the high point of your
collection are your price points.
1452
01:11:47,640 --> 01:11:49,320
But it's not that cheap.
1453
01:11:50,160 --> 01:11:52,120
If you're saying ₹3,500...
1454
01:11:52,320 --> 01:11:55,440
If they can do it for ₹1,499,
1455
01:11:55,720 --> 01:11:58,200
it would be much more accessible.
1456
01:11:58,480 --> 01:12:01,310
But then you'll have to
miss out on the fabric,
1457
01:12:01,320 --> 01:12:03,710
- which would feel different.
- But basic denim starts from ₹1,500.
1458
01:12:03,720 --> 01:12:05,480
The one I'm wearing is ₹1,500.
1459
01:12:05,720 --> 01:12:09,240
- Their quality is good.
- But the design doesn't match ₹3,500.
1460
01:12:11,920 --> 01:12:14,080
Fabric like denim,
which you can play a lot with
1461
01:12:14,240 --> 01:12:18,280
I feel it's too little
in the field of design.
1462
01:12:18,800 --> 01:12:22,680
I think you can do a lot more in
the price point you are mentioning.
1463
01:12:23,000 --> 01:12:25,670
Because this time
it is about design, range.
1464
01:12:25,680 --> 01:12:27,840
And your speciality
is something else.
1465
01:12:28,720 --> 01:12:33,150
This show expects
very fashionable products.
1466
01:12:33,160 --> 01:12:34,720
Are we the odd one out here?
1467
01:12:35,920 --> 01:12:39,070
All right,
up next is Banana Club, guys.
1468
01:12:39,080 --> 01:12:40,960
If Banana Club gets their ask...
1469
01:12:41,120 --> 01:12:44,030
- Their ask is ₹15 crore?
- Yes, ₹15 crore. Exactly.
1470
01:12:44,040 --> 01:12:45,630
Then there will be nothing left.
1471
01:12:45,640 --> 01:12:46,830
Wipe out in single swipe.
1472
01:12:46,840 --> 01:12:49,350
- No, but they will negotiate.
-₹15 crore will be wiped out.
1473
01:12:49,360 --> 01:12:51,430
They won't give them ₹15 crore.
Not at all.
1474
01:12:51,440 --> 01:12:53,760
But I think they will
secure at least ₹10 crore.
1475
01:12:55,200 --> 01:12:58,070
All the Angels were impressed
in the first episode.
1476
01:12:58,080 --> 01:13:01,790
And they had
this "one-go love" for us.
1477
01:13:01,800 --> 01:13:04,110
Now their expectations
with us is extremely high.
1478
01:13:04,120 --> 01:13:06,830
So that's put more pressure on us.
1479
01:13:06,840 --> 01:13:09,510
They make everything. Everything!
1480
01:13:09,520 --> 01:13:12,800
Shirts, pants, T-shirts, joggers.
Everything they make.
1481
01:13:16,240 --> 01:13:17,920
They have showstoppers and all.
1482
01:13:24,120 --> 01:13:25,120
Oh, my God!
1483
01:13:27,760 --> 01:13:29,840
I got the shock of my life.
1484
01:13:30,240 --> 01:13:31,240
I love it.
1485
01:13:33,280 --> 01:13:34,390
I love it.
1486
01:13:34,400 --> 01:13:37,320
I love the last bit
of banana consumption.
1487
01:13:38,480 --> 01:13:39,550
Thank you.
1488
01:13:39,560 --> 01:13:40,790
Banana supremacy.
1489
01:13:40,800 --> 01:13:43,200
Thank you. Thank you so much.
1490
01:13:43,960 --> 01:13:46,750
What I saw today, I think...
1491
01:13:46,760 --> 01:13:49,510
We keep saying,
"We want more homegrown brands."
1492
01:13:49,520 --> 01:13:53,920
My instinct is I want
to see you in the Board Room.
1493
01:13:54,520 --> 01:13:55,430
Thank you.
1494
01:13:55,440 --> 01:13:57,910
We offered you ₹7.5 crore.
1495
01:13:57,920 --> 01:14:00,310
But you turned it down
and said we'll come back
1496
01:14:00,320 --> 01:14:03,750
and show you our entire collection.
And I loved that conviction of yours.
1497
01:14:03,760 --> 01:14:05,310
Let's take them back
into the Board Room,
1498
01:14:05,320 --> 01:14:06,920
and let's talk business again.
1499
01:14:07,200 --> 01:14:08,200
Thank you.
1500
01:14:08,600 --> 01:14:12,110
The brand is funky,
wearable and affordable.
1501
01:14:12,120 --> 01:14:14,480
So I think there's every reason
to say yes, so...
1502
01:14:16,760 --> 01:14:18,480
I am sorry, but I don't agree.
1503
01:14:20,120 --> 01:14:22,080
These clothes don't have that punch!
1504
01:14:24,080 --> 01:14:26,310
But I felt this is
a very saleable fashion.
1505
01:14:26,320 --> 01:14:28,190
- Exactly.
- Obviously, with more money...
1506
01:14:28,200 --> 01:14:31,030
I would like to add
that your head designer
1507
01:14:31,040 --> 01:14:33,030
needs a stronger, cooler team.
1508
01:14:33,040 --> 01:14:35,960
But that's not the function of money.
They have money.
1509
01:14:38,160 --> 01:14:41,400
Today I am judging them
on the design, their range.
1510
01:14:41,600 --> 01:14:44,750
And last week they knocked
the ball out of the park.
1511
01:14:44,760 --> 01:14:45,870
- You are not impressed.
- They were ahead of everyone.
1512
01:14:45,880 --> 01:14:47,470
- You are not impressed.
- Today they are not in that position.
1513
01:14:47,480 --> 01:14:50,110
So, today you won't get my buzzer.
I am sorry.
1514
01:14:50,120 --> 01:14:51,320
Okay.
1515
01:14:51,560 --> 01:14:53,470
I think I'll echo Darpan.
1516
01:14:53,480 --> 01:14:55,630
The styling, the pairing
and the overall aesthetic
1517
01:14:55,640 --> 01:14:57,720
is not the six-buzzers day
for me today.
1518
01:14:58,600 --> 01:15:01,480
I am finding today's products
very weak.
1519
01:15:01,920 --> 01:15:04,920
It looks similar.
There's nothing unique.
1520
01:15:07,960 --> 01:15:11,400
I am short of words.
My eyes have teared up.
1521
01:15:11,640 --> 01:15:13,080
We were very disappointed.
1522
01:15:17,040 --> 01:15:18,790
If you want to raise the bar,
1523
01:15:18,800 --> 01:15:21,350
you have to keep giving
better performances.
1524
01:15:21,360 --> 01:15:24,880
We've grown wiser
about what to do next.
1525
01:15:25,240 --> 01:15:26,400
I think the show was okay.
1526
01:15:26,720 --> 01:15:30,000
I don't think it was mind-blowing.
But I think it was fine.
1527
01:15:30,240 --> 01:15:34,360
Frankly, each team had such
a short time for preparation
1528
01:15:34,800 --> 01:15:37,320
that no one could prepare
the way they wanted.
1529
01:15:37,480 --> 01:15:39,070
I thought the judges
were a little harsh.
1530
01:15:39,080 --> 01:15:40,630
I don't agree with him.
1531
01:15:40,640 --> 01:15:44,320
I think, if we last till the end of
the show and fetch good money,
1532
01:15:44,560 --> 01:15:46,040
then their critique is important.
1533
01:15:48,560 --> 01:15:50,600
Up next is DMOdot.
1534
01:15:51,360 --> 01:15:52,310
Hello, Angels.
1535
01:15:52,320 --> 01:15:54,830
Today we bring you
the magic of DMOdot.
1536
01:15:54,840 --> 01:15:56,990
A unique blend of
heritage and modern style,
1537
01:15:57,000 --> 01:15:58,670
which makes every occasion special.
1538
01:15:58,680 --> 01:16:00,510
Every shoe is like a unique dish
1539
01:16:00,520 --> 01:16:03,240
crafted with passion
and served with flair.
1540
01:16:04,000 --> 01:16:05,000
Served hot!
1541
01:16:05,960 --> 01:16:06,960
Served fresh.
1542
01:16:11,840 --> 01:16:13,870
I think this time
I want Manish's buzzer.
1543
01:16:13,880 --> 01:16:17,310
He asked for variety,
so that's exactly what I'll show him.
1544
01:16:17,320 --> 01:16:20,640
Time to show him our range
and what we're really capable of.
1545
01:16:32,920 --> 01:16:35,790
Ankush Bahuguna. Congratulations.
1546
01:16:35,800 --> 01:16:38,550
Welcome to Pitch To Get Rich.
1547
01:16:38,560 --> 01:16:40,230
Really glad to see you here.
1548
01:16:40,240 --> 01:16:41,590
- Same here.
- Thank you once again.
1549
01:16:41,600 --> 01:16:44,040
- Thank you. Thank you so much.
- Thank you, Ankush. Thank you.
1550
01:16:46,280 --> 01:16:48,590
Abhishek, you claim
to have 180 styles.
1551
01:16:48,600 --> 01:16:52,110
If I take a glance, which ones
are the customers' favourite?
1552
01:16:52,120 --> 01:16:54,310
When I launched
those brown slippers,
1553
01:16:54,320 --> 01:16:57,590
it is something that
got crazy attention.
1554
01:16:57,600 --> 01:16:59,230
Everyone loved it.
1555
01:16:59,240 --> 01:17:01,950
The cost of manufacturing
and sales price
1556
01:17:01,960 --> 01:17:03,430
and the black Bottega-inspired...
1557
01:17:03,440 --> 01:17:07,790
So, we're selling
the slippers at ₹3,999.
1558
01:17:07,800 --> 01:17:10,310
This slipper is the entry-level product
that we have.
1559
01:17:10,320 --> 01:17:15,960
And the cost price that
goes into it is roughly 38%
1560
01:17:16,360 --> 01:17:19,150
of the MRP... is what we look at.
1561
01:17:19,160 --> 01:17:22,680
This one's more expensive.
We're selling it for ₹12,500.
1562
01:17:23,040 --> 01:17:27,390
And again, ballpark,
between 38-40% is our COGS.
1563
01:17:27,400 --> 01:17:29,440
I would love to talk business
with you in the Board Room.
1564
01:17:30,960 --> 01:17:31,870
Thank you.
1565
01:17:31,880 --> 01:17:34,750
Ananya, would you buy these shoes
for someone that you know?
1566
01:17:34,760 --> 01:17:36,310
Yeah, I would.
1567
01:17:36,320 --> 01:17:39,150
My favourite are those boots,
which he's wearing.
1568
01:17:39,160 --> 01:17:40,230
I like those a lot.
1569
01:17:40,240 --> 01:17:41,630
So, I like the versatility.
1570
01:17:41,640 --> 01:17:44,670
I like there is something new
in all of the different shoes.
1571
01:17:44,680 --> 01:17:47,550
If Ananya says
she will buy your shoes,
1572
01:17:47,560 --> 01:17:49,560
then you have my buzzer.
1573
01:17:49,760 --> 01:17:51,590
- Let's talk business.
- Thank you.
1574
01:17:51,600 --> 01:17:55,030
Previously, I thought
your collection has a regular look
1575
01:17:55,040 --> 01:17:56,350
and looks familiar.
1576
01:17:56,360 --> 01:17:59,110
- But I think today it's much better.
- Thank you.
1577
01:17:59,120 --> 01:18:03,390
And I think you did it
better than last time.
1578
01:18:03,400 --> 01:18:05,550
It's always good
to push a youngster
1579
01:18:05,560 --> 01:18:07,920
- and of course support him.
- Thank you.
1580
01:18:09,960 --> 01:18:13,430
I think there is a dearth of
good footwear.
1581
01:18:13,440 --> 01:18:16,310
Even though great leather
comes from this country.
1582
01:18:16,320 --> 01:18:18,830
And I would like to see you
fill that void.
1583
01:18:18,840 --> 01:18:22,200
And I would like to talk
business with you, Abhishek.
1584
01:18:22,400 --> 01:18:23,390
Thank you.
1585
01:18:23,400 --> 01:18:25,000
- Abhishek.
- Yes, sir.
1586
01:18:25,120 --> 01:18:28,240
I really loved
those embroidered shoes.
1587
01:18:29,240 --> 01:18:30,030
Thank you.
1588
01:18:30,040 --> 01:18:33,350
According to me,
if you get the investment,
1589
01:18:33,360 --> 01:18:36,550
where you can have multiple stores
across the country
1590
01:18:36,560 --> 01:18:38,190
at better price points,
1591
01:18:38,200 --> 01:18:41,510
I feel this can be
a very profitable business.
1592
01:18:41,520 --> 01:18:43,630
I want to talk business with you.
1593
01:18:43,640 --> 01:18:46,710
And not just me,
on behalf of Ananya also.
1594
01:18:46,720 --> 01:18:49,430
She is my student;
I am her professor.
1595
01:18:49,440 --> 01:18:52,360
So, I would like to press the buzzer
on her behalf as well.
1596
01:18:53,160 --> 01:18:54,440
Thank you. Thank you.
1597
01:18:56,080 --> 01:18:57,470
Oh, wow!
1598
01:18:57,480 --> 01:18:58,830
Oh, wow.
1599
01:18:58,840 --> 01:18:59,910
Thank you so much.
1600
01:18:59,920 --> 01:19:02,470
Well done, Abhishek.
We're going to see you in the Board Room.
1601
01:19:02,480 --> 01:19:04,920
- See you in the Board Room.
- Thank you, thank you.
1602
01:19:05,400 --> 01:19:08,000
If I get what I am asking for,
1603
01:19:08,200 --> 01:19:11,990
it will be a stamp
of validation on my dream
1604
01:19:12,000 --> 01:19:14,560
and on my hard work.
1605
01:19:15,520 --> 01:19:18,320
Next up is Love, Kiki.
1606
01:19:22,320 --> 01:19:23,950
I am very excited about this
1607
01:19:23,960 --> 01:19:27,430
because the Angels haven't seen
my products yet.
1608
01:19:27,440 --> 01:19:29,320
My product is my language.
1609
01:19:36,360 --> 01:19:37,400
Everyone is a Kiki.
1610
01:19:37,760 --> 01:19:40,870
Which is why I didn't want to
associate it with a face.
1611
01:19:40,880 --> 01:19:44,520
That's when we decided to
hide the face of our showstopper.
1612
01:19:47,160 --> 01:19:50,160
And that was our idea
behind our showstopper.
1613
01:19:52,960 --> 01:19:56,440
I found it really cute.
I loved the branding.
1614
01:19:56,640 --> 01:19:58,080
"Own your own."
1615
01:19:58,720 --> 01:20:00,390
Your brand, the vibe, the show...
1616
01:20:00,400 --> 01:20:03,030
Everything is about
owning your individuality,
1617
01:20:03,040 --> 01:20:05,510
being yourself.
I really-really liked that vibe.
1618
01:20:05,520 --> 01:20:06,670
Thank you.
1619
01:20:06,680 --> 01:20:11,190
I feel your conviction clearly
shows in your brand.
1620
01:20:11,200 --> 01:20:13,790
It's very pretty, from Goa to Capri.
1621
01:20:13,800 --> 01:20:15,710
So, you had my approval back then.
1622
01:20:15,720 --> 01:20:16,870
And you have it now as well.
1623
01:20:16,880 --> 01:20:18,520
Thank you, sir. Thank you.
1624
01:20:19,440 --> 01:20:23,910
Personally, I feel your product
is very nuanced,
1625
01:20:23,920 --> 01:20:27,870
very pretty, very intricate.
1626
01:20:27,880 --> 01:20:33,360
But I have some concerns about
its wide saleability.
1627
01:20:34,440 --> 01:20:37,640
I would say the range seems
a bit limited to me.
1628
01:20:39,440 --> 01:20:43,470
Kirti, I would say we want to see
another pitch by Kiki.
1629
01:20:43,480 --> 01:20:46,960
So, you won't get the buzzer
from me today.
1630
01:20:47,680 --> 01:20:50,790
I am trying to put in
the maximum effort,
1631
01:20:50,800 --> 01:20:53,200
but I am missing
the bullseye somehow.
1632
01:20:53,400 --> 01:20:55,960
Okay, next up is CloudTailor.
1633
01:20:57,120 --> 01:20:59,670
CloudTailor...
your personalised fashion
1634
01:20:59,680 --> 01:21:01,840
powered by digital convenience.
1635
01:21:04,640 --> 01:21:06,910
We designed more than 40 dresses.
1636
01:21:06,920 --> 01:21:09,990
Some of them conceptualised
by our Bangalore team,
1637
01:21:10,000 --> 01:21:12,480
Kolkata, Hyderabad, Mumbai.
1638
01:21:12,920 --> 01:21:14,630
This is a company
you don't want to miss.
1639
01:21:14,640 --> 01:21:18,000
This is the future of tailoring.
This is the future of the ecosystem.
1640
01:21:19,200 --> 01:21:21,600
It's a copy of Kiara's
wedding lehenga.
1641
01:21:22,240 --> 01:21:24,560
Carol has been
a very popular super model,
1642
01:21:24,720 --> 01:21:27,870
and she has presented Indian fashion
on a global scale.
1643
01:21:27,880 --> 01:21:29,670
Who can be a better option than her?
1644
01:21:29,680 --> 01:21:31,680
Oh, so good to see you!
1645
01:21:38,320 --> 01:21:40,550
- And the queen of the ramp herself.
- Yes.
1646
01:21:40,560 --> 01:21:42,200
Carol Gracias.
1647
01:21:46,520 --> 01:21:48,630
Thank you, Carol.
That was wonderful.
1648
01:21:48,640 --> 01:21:50,350
- So wonderful to see you back on the ramp.
- Thank you for joining us.
1649
01:21:50,360 --> 01:21:51,960
- Pleasure.
- Thank you.
1650
01:21:56,520 --> 01:21:57,910
All of us are confused.
1651
01:21:57,920 --> 01:21:59,510
What is this collection
supposed to be?
1652
01:21:59,520 --> 01:22:03,470
So here we are presenting
custom-made outfits.
1653
01:22:03,480 --> 01:22:07,270
It's not just wedding lehengas,
but office outfits,
1654
01:22:07,280 --> 01:22:09,990
party gowns... we can
get you everything just in time.
1655
01:22:10,000 --> 01:22:12,390
Whatever the customer needs,
we'll make it.
1656
01:22:12,400 --> 01:22:15,030
- And these are your in-house designs.
- Yes.
1657
01:22:15,040 --> 01:22:17,470
This is all that
you currently presenting.
1658
01:22:17,480 --> 01:22:19,270
In the given short span of time,
1659
01:22:19,280 --> 01:22:21,950
our designers conceptualised
the entire thing,
1660
01:22:21,960 --> 01:22:24,990
sourced the fabric,
and we got them all stitched.
1661
01:22:25,000 --> 01:22:28,630
Last time when we spoke,
you all are also an app which
1662
01:22:28,640 --> 01:22:30,070
- connects to another tailor.
- Yes.
1663
01:22:30,080 --> 01:22:32,190
Like a western tailor
or an Indian tailor.
1664
01:22:32,200 --> 01:22:36,430
You can get the same end result of
this dress through any tailor in Mumbai.
1665
01:22:36,440 --> 01:22:39,230
We connect you with them
through the digital medium.
1666
01:22:39,240 --> 01:22:41,400
- Sorry, there is some confusion.
- A lot of confusion.
1667
01:22:42,360 --> 01:22:45,070
You mean the customer is not coming
to CloudTailor for the design.
1668
01:22:45,080 --> 01:22:47,230
The customer is coming to
CloudTailor for convenience.
1669
01:22:47,240 --> 01:22:50,040
Your show today should
have been about convenience,
1670
01:22:50,240 --> 01:22:51,870
then we would have
understood your product.
1671
01:22:51,880 --> 01:22:53,270
Customers are coming because
1672
01:22:53,280 --> 01:22:54,710
they don't know
where to find a tailor,
1673
01:22:54,720 --> 01:22:57,230
or if someone
can take my measurements
1674
01:22:57,240 --> 01:22:59,390
- at home and stitch the dress.
- In case we have a function
1675
01:22:59,400 --> 01:23:01,870
coming up at home
and we don't have clothes,
1676
01:23:01,880 --> 01:23:04,190
- this is the perfect place to come to.
- Where do we look?
1677
01:23:04,200 --> 01:23:05,630
And the tailors must have ratings.
1678
01:23:05,640 --> 01:23:06,680
- Exactly.
- Right?
1679
01:23:07,520 --> 01:23:09,350
If you had shown some
of your old designs,
1680
01:23:09,360 --> 01:23:12,070
which you didn't get made by
your own designers,
1681
01:23:12,080 --> 01:23:13,590
but delivered them in record time...
1682
01:23:13,600 --> 01:23:14,830
You should have shown your USP.
1683
01:23:14,840 --> 01:23:17,510
This is not the pitch we needed
of an internal design team,
1684
01:23:17,520 --> 01:23:19,670
which you are
pivoting away from anyway.
1685
01:23:19,680 --> 01:23:21,760
I will reserve my buzzer
for this one as well.
1686
01:23:22,880 --> 01:23:25,840
I feel there is
a lack of authenticity.
1687
01:23:30,120 --> 01:23:31,830
I don't know
of your technical dynamic.
1688
01:23:31,840 --> 01:23:34,110
I didn't get the entire gist of it.
1689
01:23:34,120 --> 01:23:37,270
But if I talk just
about the design power,
1690
01:23:37,280 --> 01:23:40,000
it's the weakest I've seen
on the show so far.
1691
01:23:41,320 --> 01:23:43,990
- I think we should position it as it is.
- You should hold to your strength.
1692
01:23:44,000 --> 01:23:46,480
Why are you playing
to somebody else's strength?
1693
01:23:46,840 --> 01:23:49,040
You're a fucking tech company, man!
1694
01:23:49,320 --> 01:23:50,840
Your job is intermediation.
1695
01:23:51,600 --> 01:23:54,150
When you start using the word "designer,"
they'll look at you as a designer.
1696
01:23:54,160 --> 01:23:55,920
How do you think
they are going to behave?
1697
01:23:57,520 --> 01:23:58,920
Yeah. That's right.
1698
01:23:59,240 --> 01:24:01,400
Up next is Linetribe.
1699
01:24:01,600 --> 01:24:02,560
Exciting.
1700
01:24:04,720 --> 01:24:07,320
Ladies and gentlemen,
welcome to Club Linetribe.
1701
01:24:07,480 --> 01:24:10,320
Category is Future Present.
1702
01:24:12,840 --> 01:24:15,080
Our products... are selling.
1703
01:24:17,440 --> 01:24:20,510
Every influencer,
every celebrity is sourcing from us.
1704
01:24:20,520 --> 01:24:22,480
The iron is hot, basically.
1705
01:24:22,760 --> 01:24:27,390
So, I can't not deliver
on this specific challenge.
1706
01:24:27,400 --> 01:24:30,080
This is important.
The pressure is high right now.
1707
01:24:38,520 --> 01:24:39,600
Very cool.
1708
01:24:45,080 --> 01:24:45,750
Sold.
1709
01:24:45,760 --> 01:24:49,150
Sold on detail.
Sold on style quotient.
1710
01:24:49,160 --> 01:24:51,070
I loved it.
Love it! Love it! Love it!
1711
01:24:51,080 --> 01:24:52,760
Welcome to the Board Room for me.
1712
01:24:53,000 --> 01:24:53,830
Thank you, Karan.
1713
01:24:53,840 --> 01:24:55,230
- Loved it.
- Thank you.
1714
01:24:55,240 --> 01:24:57,990
Totally wearable
and beautifully styled.
1715
01:24:58,000 --> 01:24:58,870
Yeah. Thank you.
1716
01:24:58,880 --> 01:25:01,150
Gaurav, you remember we talked about
1717
01:25:01,160 --> 01:25:04,550
there wasn't too much
of style element and you said that
1718
01:25:04,560 --> 01:25:07,520
you would come up with a lot more
with your range.
1719
01:25:07,680 --> 01:25:08,990
- Right.
- Which you have.
1720
01:25:09,000 --> 01:25:11,750
- Right.
- I absolutely loved your collection.
1721
01:25:11,760 --> 01:25:14,110
That's incredible coming from you.
1722
01:25:14,120 --> 01:25:16,880
Looking forward to meeting you
in the Board Room.
1723
01:25:17,680 --> 01:25:20,150
- And talking business?
- And talking business.
1724
01:25:20,160 --> 01:25:22,790
- Done.
- Gaurav, absolutely loved the collection...
1725
01:25:22,800 --> 01:25:23,550
Thank you.
1726
01:25:23,560 --> 01:25:25,630
Loved the make-up.
You know I am a make-up, guy.
1727
01:25:25,640 --> 01:25:28,230
- Yes, you are.
- I'm seeing that make-up on them.
1728
01:25:28,240 --> 01:25:30,790
- Yes.
- You had me there.
1729
01:25:30,800 --> 01:25:32,710
- Right.
- I think if there was more drama,
1730
01:25:32,720 --> 01:25:35,430
we might have seen
an Alexander McQueen right here.
1731
01:25:35,440 --> 01:25:37,870
Wow! That's a huge compliment.
1732
01:25:37,880 --> 01:25:39,230
Your numbers are weak.
1733
01:25:39,240 --> 01:25:40,910
- You have no business sense.
- Yeah.
1734
01:25:40,920 --> 01:25:42,590
So be prepared before
entering the Board Room.
1735
01:25:42,600 --> 01:25:43,750
Ready for the grilling, I know.
1736
01:25:43,760 --> 01:25:45,840
We look forward to it.
Let's talk business.
1737
01:25:49,280 --> 01:25:50,960
Superb. So happy for him.
1738
01:25:51,160 --> 01:25:53,750
You know, I actually bought
two garments from him yesterday.
1739
01:25:53,760 --> 01:25:55,910
I was like, "I like this, I like this,
I need this."
1740
01:25:55,920 --> 01:25:58,400
So, obviously,
the clothes are really good.
1741
01:25:58,960 --> 01:26:00,800
All right.
Can we have Vardi, please?
1742
01:26:04,080 --> 01:26:05,830
India has never had a fashion show
1743
01:26:05,840 --> 01:26:08,640
featuring upcycled military
products until now.
1744
01:26:08,880 --> 01:26:11,920
I am very glad that
I could be the one to do it.
1745
01:26:16,840 --> 01:26:20,720
Vardi's emotional quotient
is definitely high.
1746
01:26:21,000 --> 01:26:24,120
Vardi, as a brand,
has a concept to it.
1747
01:26:26,680 --> 01:26:27,960
A complete moment of pride for me.
1748
01:26:38,760 --> 01:26:40,110
- Jai Hind, everyone.
- Jai Hind.
1749
01:26:40,120 --> 01:26:40,990
- Jai Hind.
- Jai Hind.
1750
01:26:41,000 --> 01:26:42,920
I am
Lieutenant Commander Bijay Nair.
1751
01:26:43,160 --> 01:26:45,200
I am a navy veteran,
a war veteran.
1752
01:26:46,200 --> 01:26:47,200
- Wow.
- Fantastic.
1753
01:26:49,280 --> 01:26:52,600
I mean, from there to a showstopper.
How does it feel?
1754
01:26:52,840 --> 01:26:54,680
Someone asked me,
"Will you be nervous?"
1755
01:26:54,840 --> 01:26:58,360
And I said, "We kill terrorists.
This is just a cakewalk."
1756
01:27:02,720 --> 01:27:03,870
Thank you so much
for being a part of this.
1757
01:27:03,880 --> 01:27:04,790
Thank you, sir.
1758
01:27:04,800 --> 01:27:06,390
- Thank you.
- Thank you. Jai Hind.
1759
01:27:06,400 --> 01:27:07,520
Thank you so much.
1760
01:27:08,520 --> 01:27:09,510
- So, Rohit.
- Yes, sir.
1761
01:27:09,520 --> 01:27:12,040
I have a lot of faith in your brand.
1762
01:27:12,560 --> 01:27:14,510
Personally, I love this print.
1763
01:27:14,520 --> 01:27:17,200
I believe Vardi, the branding...
1764
01:27:17,360 --> 01:27:21,360
I believe, with the right scalability
and additional marketing vision,
1765
01:27:21,560 --> 01:27:25,240
this can be
a national success story.
1766
01:27:27,800 --> 01:27:30,390
Salute to your vision.
I love it. I am on.
1767
01:27:30,400 --> 01:27:31,830
Thank you so much, sir.
1768
01:27:31,840 --> 01:27:33,910
I want to see you back
again in the Board Room.
1769
01:27:33,920 --> 01:27:36,360
- Let's talk business again.
- Thank you so much, ma'am.
1770
01:27:36,760 --> 01:27:40,070
Actually, I want to hit
the buzzer before I speak.
1771
01:27:40,080 --> 01:27:42,760
- Thanks.
- I really love this story.
1772
01:27:43,080 --> 01:27:44,990
When the models started walking,
1773
01:27:45,000 --> 01:27:46,790
I got a march-past feel
1774
01:27:46,800 --> 01:27:50,230
because they had clenched fists
and were making sharp turns.
1775
01:27:50,240 --> 01:27:53,230
One look at the print and
it evokes a sense of patriotism.
1776
01:27:53,240 --> 01:27:55,030
And I find that beautiful.
1777
01:27:55,040 --> 01:27:57,110
So, I am very excited. I love it.
1778
01:27:57,120 --> 01:27:57,910
Thank you so much...
1779
01:27:57,920 --> 01:28:02,950
The students of NIFT
have designed it with you, right?
1780
01:28:02,960 --> 01:28:07,430
Yes. So, it's basically done by
the third-year students of NIFD, Pune.
1781
01:28:07,440 --> 01:28:08,710
- "NIFD."
- Yes.
1782
01:28:08,720 --> 01:28:09,430
I love it.
1783
01:28:09,440 --> 01:28:13,800
I feel we're getting
carried away by the emotion.
1784
01:28:15,160 --> 01:28:17,150
- Karan, Malaika, Ananya--
- No...
1785
01:28:17,160 --> 01:28:19,150
No, no, not at all.
I would wear this.
1786
01:28:19,160 --> 01:28:20,360
I would wear it all.
1787
01:28:22,040 --> 01:28:23,350
Manish, what do you think?
1788
01:28:23,360 --> 01:28:26,480
- When we met here and saw your work...
- Yes.
1789
01:28:26,640 --> 01:28:29,910
...my only concern was that
the designs could be better.
1790
01:28:29,920 --> 01:28:30,830
- Yes.
- Right?
1791
01:28:30,840 --> 01:28:32,280
I am very pleased.
1792
01:28:32,560 --> 01:28:34,320
- Thank you.
- I didn't expect this.
1793
01:28:34,560 --> 01:28:36,830
- I think we're on the right track now.
- Thank you.
1794
01:28:36,840 --> 01:28:37,960
So, let's talk business.
1795
01:28:38,120 --> 01:28:39,520
Wow, thank you so much!
1796
01:28:42,360 --> 01:28:45,110
If it's Manish, Karan, Malaika...
1797
01:28:45,120 --> 01:28:46,990
They know a lot more
about design than I do.
1798
01:28:47,000 --> 01:28:49,590
And if they are saying this,
then let's talk business.
1799
01:28:49,600 --> 01:28:51,520
- Okay, okay.
- Thank you so much.
1800
01:28:52,280 --> 01:28:56,080
So, Rohit, in this game,
if I press this buzzer,
1801
01:28:56,520 --> 01:28:58,720
- you will be invited into the Board Room.
- Okay.
1802
01:28:58,880 --> 01:29:01,880
But this will be your
last chance to make a deal.
1803
01:29:02,320 --> 01:29:03,520
Understood.
1804
01:29:03,960 --> 01:29:06,950
Rohit, we're ready for the final
conversation in the Board Room?
1805
01:29:06,960 --> 01:29:08,670
- Yes.
- Okay, let's talk business.
1806
01:29:08,680 --> 01:29:11,240
- All right.
- See you in the Board Room.
1807
01:29:12,800 --> 01:29:14,560
So, now if you are accepting,
1808
01:29:15,000 --> 01:29:16,390
and you got the buzzer
both the times,
1809
01:29:16,400 --> 01:29:19,870
then you must decide whether
you want to accept or turn it down.
1810
01:29:19,880 --> 01:29:22,030
Vardi is
again in the Board Room now.
1811
01:29:22,040 --> 01:29:23,520
I am sure he will go this time.
1812
01:29:23,680 --> 01:29:26,110
Okay, up next we have
the House of Armuse.
1813
01:29:26,120 --> 01:29:27,750
Ananya, I'm sure you will like this.
1814
01:29:27,760 --> 01:29:29,080
Okay, I am excited.
1815
01:29:30,880 --> 01:29:34,560
Driven by craft,
culture and modern celebrations,
1816
01:29:35,120 --> 01:29:36,470
we present to you today
1817
01:29:36,480 --> 01:29:39,270
our soulfully crafted,
hand-painted collection,
1818
01:29:39,280 --> 01:29:42,000
- where artistry meets expression.
- Wow!
1819
01:29:46,440 --> 01:29:49,320
After I saw my models
the way I wanted them to look,
1820
01:29:49,480 --> 01:29:51,000
I was extremely excited.
1821
01:29:51,200 --> 01:29:53,430
They definitely looked beautiful
to me.
1822
01:29:53,440 --> 01:29:57,430
Looked super-classy, the way I like
my modern muse of Armuse to look.
1823
01:29:57,440 --> 01:29:58,720
Kickass show, I would say.
1824
01:30:02,360 --> 01:30:03,990
The icing on the cake was my mother.
1825
01:30:04,000 --> 01:30:06,640
- Yeah, her mother.
- Which I think I was most excited about.
1826
01:30:08,720 --> 01:30:11,750
And with grace and elegance
she walked in
1827
01:30:11,760 --> 01:30:13,390
without any prep.
1828
01:30:13,400 --> 01:30:15,760
I think, to me, it was fantastic.
1829
01:30:23,400 --> 01:30:24,640
Hello.
1830
01:30:25,520 --> 01:30:26,470
How cute.
1831
01:30:26,480 --> 01:30:27,550
Wow!
1832
01:30:27,560 --> 01:30:30,190
Now, that's
a perfect family portrait.
1833
01:30:30,200 --> 01:30:31,630
- That's so sweet.
- How lovely.
1834
01:30:31,640 --> 01:30:33,190
And so lovely. So wonderful.
1835
01:30:33,200 --> 01:30:35,120
I think
I'm going for an emotional buzz.
1836
01:30:35,760 --> 01:30:37,120
- Do it.
- Go for it.
1837
01:30:38,360 --> 01:30:39,320
Sold. Sold.
1838
01:30:40,080 --> 01:30:42,150
I don't think
I am too business-minded.
1839
01:30:42,160 --> 01:30:45,120
I chase after the emotion.
And when I saw the girl sitting there,
1840
01:30:45,240 --> 01:30:46,950
I wanted to be a part of that party.
1841
01:30:46,960 --> 01:30:49,070
I wanted to sit with them.
I wanted to address them.
1842
01:30:49,080 --> 01:30:51,750
I loved it.
So, I've gone purely on emotion.
1843
01:30:51,760 --> 01:30:53,390
That's why I'd say yes from me.
1844
01:30:53,400 --> 01:30:54,350
Thank you.
1845
01:30:54,360 --> 01:30:55,440
Ayushi, Vansh...
1846
01:30:56,520 --> 01:30:59,280
I've already seen
what you've showcased here.
1847
01:31:01,000 --> 01:31:02,920
There is nothing that's fresh.
1848
01:31:03,640 --> 01:31:07,110
I would like to add
that the fabrics look limp.
1849
01:31:07,120 --> 01:31:09,190
Maybe they have been
dyed and then painted.
1850
01:31:09,200 --> 01:31:11,430
- Yes.
- So, a lot of your work was also hiding
1851
01:31:11,440 --> 01:31:13,680
because the fabric is very limp.
1852
01:31:14,800 --> 01:31:18,350
Come back with a fresh perspective,
fresh outlook,
1853
01:31:18,360 --> 01:31:19,760
and present to us again.
1854
01:31:19,880 --> 01:31:21,720
And then hopefully
we'll give you the buzzer.
1855
01:31:24,280 --> 01:31:26,430
I don't think I am here
to prove anything to anyone.
1856
01:31:26,440 --> 01:31:27,680
I was standing with my mother.
1857
01:31:27,800 --> 01:31:30,350
Solid proud that
she made that runway walk.
1858
01:31:30,360 --> 01:31:32,630
And I think
that was a moment for me.
1859
01:31:32,640 --> 01:31:35,350
And I don't want to disrupt
that moment in that point of time.
1860
01:31:35,360 --> 01:31:38,670
They straightaway told them,
"We've seen much better products.
1861
01:31:38,680 --> 01:31:40,350
"These are mediocre products."
1862
01:31:40,360 --> 01:31:42,430
- "Mediocre."
- They used the word "mediocre."
1863
01:31:42,440 --> 01:31:43,800
For me, I mean...
1864
01:31:44,000 --> 01:31:45,280
You can't use these words, actually.
1865
01:31:45,520 --> 01:31:49,760
I feel these conversations
are just what they already told us.
1866
01:31:49,960 --> 01:31:51,990
This is their point of view.
Let them speak.
1867
01:31:52,000 --> 01:31:54,590
Once we get to the Board Room,
we will tell who we are,
1868
01:31:54,600 --> 01:31:56,230
where we come from, what we do...
1869
01:31:56,240 --> 01:31:57,520
from what we do.
1870
01:31:57,720 --> 01:31:59,030
Our numbers will speak for it.
1871
01:31:59,040 --> 01:32:02,040
I feel I'll reserve
my conversation for that time.
1872
01:32:02,320 --> 01:32:03,870
Okay, up next is Dopplr,
1873
01:32:03,880 --> 01:32:06,440
and I believe
it's a virtual fashion show.
1874
01:32:07,000 --> 01:32:08,310
Exciting. Virtual fashion show.
1875
01:32:08,320 --> 01:32:09,630
- That is exciting.
- That should be fun.
1876
01:32:09,640 --> 01:32:11,600
So the models will also be AI.
1877
01:32:11,840 --> 01:32:13,600
They are all AI models, yes.
1878
01:32:21,040 --> 01:32:22,110
Isn't that Shrey?
1879
01:32:22,120 --> 01:32:24,390
We made Shrey our showstopper
1880
01:32:24,400 --> 01:32:27,030
because he's seen how
our 3D models are turning up.
1881
01:32:27,040 --> 01:32:31,080
And he thought it will be
a great component for his business.
1882
01:32:33,240 --> 01:32:34,150
Hi, Angels.
1883
01:32:34,160 --> 01:32:36,080
You can all see
what Shrey is wearing.
1884
01:32:36,320 --> 01:32:38,590
I am sure all the men
in the room are wondering
1885
01:32:38,600 --> 01:32:39,910
how it would look on you,
1886
01:32:39,920 --> 01:32:41,630
about the fitting and feel.
1887
01:32:41,640 --> 01:32:43,360
Here's us presenting Dopplr,
1888
01:32:43,560 --> 01:32:45,840
changing how India
shops fashion online.
1889
01:32:48,320 --> 01:32:51,390
We want to showcase
the brands that are here,
1890
01:32:51,400 --> 01:32:53,910
the ones we meet
and speak with every day,
1891
01:32:53,920 --> 01:32:55,200
Through our product.
1892
01:33:01,720 --> 01:33:04,400
We're designing the clothes in 3D.
1893
01:33:08,200 --> 01:33:12,520
Our product should look
exactly like it does in real life.
1894
01:33:23,720 --> 01:33:26,030
Last time, in the pitch challenge,
1895
01:33:26,040 --> 01:33:29,470
I think the technology and the idea
wasn't coming through clearly.
1896
01:33:29,480 --> 01:33:32,590
- Yeah.
- The real-life version you showed us
1897
01:33:32,600 --> 01:33:34,470
versus what
we could see digitally...
1898
01:33:34,480 --> 01:33:37,360
I think there couldn't be
a better presentation than this.
1899
01:33:37,920 --> 01:33:39,950
- Thank you.
- It was pretty compelling.
1900
01:33:39,960 --> 01:33:40,950
It looked...
1901
01:33:40,960 --> 01:33:45,150
at least better than a static image,
which you imagine on yourself.
1902
01:33:45,160 --> 01:33:46,190
Correct. Correct.
1903
01:33:46,200 --> 01:33:48,040
I think we should
definitely talk business.
1904
01:33:48,840 --> 01:33:50,560
- Thank you.
- Thank you so much.
1905
01:33:50,920 --> 01:33:53,270
- The technology is so clear.
- Very good, yeah.
1906
01:33:53,280 --> 01:33:56,840
I am sold. I don't have
much to say, but I am sold.
1907
01:33:57,280 --> 01:33:58,160
Thank you.
1908
01:33:58,360 --> 01:34:00,990
I think the future
is what you guys are doing.
1909
01:34:01,000 --> 01:34:05,640
There is nothing better
than selling the future in present.
1910
01:34:06,720 --> 01:34:08,080
Let's meet in the Board Room.
1911
01:34:08,240 --> 01:34:10,430
- 100 percent...
- I'd love to see you in the Board Room
1912
01:34:10,440 --> 01:34:12,910
for my personal knowledge
and my personal improvement.
1913
01:34:12,920 --> 01:34:14,430
So, let's talk business.
1914
01:34:14,440 --> 01:34:15,440
Looking forward to it.
1915
01:34:16,280 --> 01:34:20,280
The most interesting concept,
the most interesting show of tonight.
1916
01:34:20,560 --> 01:34:22,720
And you all are
the future of fashion, so...
1917
01:34:24,800 --> 01:34:26,360
Wow, guys. Dopplr.
1918
01:34:26,960 --> 01:34:28,600
- Five greens.
- Yes, sir.
1919
01:34:28,720 --> 01:34:29,840
Let's talk business.
1920
01:34:30,640 --> 01:34:32,080
- Yes.
- Thank you so much.
1921
01:34:32,640 --> 01:34:34,750
Converting zero buzzers
to six buzzers...
1922
01:34:34,760 --> 01:34:37,150
It was like, in the background,
1923
01:34:37,160 --> 01:34:39,800
"Haar ke jeetnewaale ko baazigar
kehte hain" was playing on loop.
1924
01:34:40,000 --> 01:34:40,800
Okay.
1925
01:34:43,640 --> 01:34:45,790
Up next is Banana Labs.
1926
01:34:45,800 --> 01:34:47,430
- That's the other Banana.
- Another Banana!
1927
01:34:47,440 --> 01:34:48,840
You said there's Banana Club.
1928
01:34:49,040 --> 01:34:50,400
But why are there so many bananas?
1929
01:34:50,560 --> 01:34:52,000
We'll find out soon enough.
1930
01:34:53,520 --> 01:34:58,510
Mentally, we are nervous because
first episode was zero episode for us.
1931
01:34:58,520 --> 01:34:59,680
We have to up our game.
1932
01:35:04,240 --> 01:35:08,200
The way we utilised
the blocks that we have...
1933
01:35:08,320 --> 01:35:10,910
But what we are also trying
to do very deliberately is to
1934
01:35:10,920 --> 01:35:13,790
kind of create a very global
design language,
1935
01:35:13,800 --> 01:35:15,480
which is craft-centric.
1936
01:35:21,520 --> 01:35:22,950
I think we are very positive.
1937
01:35:22,960 --> 01:35:24,960
We're hoping this does work out.
1938
01:35:26,440 --> 01:35:28,270
Very lovely to meet you, ma'am.
You look lovely.
1939
01:35:28,280 --> 01:35:29,630
Thank you so much.
1940
01:35:29,640 --> 01:35:32,190
And you walk like
a real rockstar model.
1941
01:35:32,200 --> 01:35:33,750
I loved it. Thank you very much.
1942
01:35:33,760 --> 01:35:36,960
- Thank you, everyone. Thank you.
- Bye. So cute. I love her.
1943
01:35:37,160 --> 01:35:38,350
Can I buzz for her?
1944
01:35:38,360 --> 01:35:39,390
I loved her.
1945
01:35:39,400 --> 01:35:41,240
It's an emotional buzz for me, guys!
1946
01:35:41,800 --> 01:35:42,920
Thank you.
1947
01:35:43,760 --> 01:35:46,030
It's cohesive.
I think it's interesting.
1948
01:35:46,040 --> 01:35:49,350
I think I've rarely seen
block prints being used like this.
1949
01:35:49,360 --> 01:35:51,910
- Thank you.
- I'd like to talk business in this case.
1950
01:35:51,920 --> 01:35:52,960
Thank you.
1951
01:35:54,120 --> 01:35:55,070
Thank you.
1952
01:35:55,080 --> 01:35:56,870
What you showcased today,
1953
01:35:56,880 --> 01:35:58,950
you've used
some really nice block prints.
1954
01:35:58,960 --> 01:36:00,600
It's very well presented.
1955
01:36:00,840 --> 01:36:03,990
A mix of quad sets with Indian wear,
1956
01:36:04,000 --> 01:36:06,920
with easy, comfy, daily wear.
1957
01:36:07,160 --> 01:36:08,870
What she is wearing,
I would wear it.
1958
01:36:08,880 --> 01:36:10,120
Totally wear it.
1959
01:36:10,400 --> 01:36:11,520
Let's talk business.
1960
01:36:12,200 --> 01:36:13,240
Thank you.
1961
01:36:13,400 --> 01:36:15,880
I am in the middle, I have to say.
1962
01:36:16,160 --> 01:36:18,360
I liked some of the things.
1963
01:36:18,520 --> 01:36:19,910
I liked some of the silhouettes,
1964
01:36:19,920 --> 01:36:22,200
but I find it
still looking a bit limited.
1965
01:36:22,920 --> 01:36:24,790
I am not totally convinced,
1966
01:36:24,800 --> 01:36:29,310
and I feel I still
have to absorb the range
1967
01:36:29,320 --> 01:36:31,880
for me to really-really
press that green buzzer.
1968
01:36:33,360 --> 01:36:34,960
What is the price of this saree?
1969
01:36:35,360 --> 01:36:37,630
So this is around ₹3,300.
1970
01:36:37,640 --> 01:36:38,510
Oh, that's very nice.
1971
01:36:38,520 --> 01:36:41,670
- It's priced fairly.
- It's a very affordable collection.
1972
01:36:41,680 --> 01:36:46,040
But I would like to add,
design-wise I would expect more.
1973
01:36:47,160 --> 01:36:48,630
Today my buzzer is not for you.
1974
01:36:48,640 --> 01:36:50,640
But I look forward
to our next meeting.
1975
01:36:52,320 --> 01:36:56,350
I think we scored 50% from zero.
1976
01:36:56,360 --> 01:36:57,630
We got three buzzers.
1977
01:36:57,640 --> 01:36:59,430
And someday we'll get all six.
1978
01:36:59,440 --> 01:37:02,470
Okay, we've had
13 companies today...
1979
01:37:02,480 --> 01:37:04,630
- Wow!
- ...showcase some brilliant stuff.
1980
01:37:04,640 --> 01:37:06,070
I really loved it.
1981
01:37:06,080 --> 01:37:08,520
- Ananya, did you have a good time?
- I had a great time.
1982
01:37:08,720 --> 01:37:10,870
But I think I need to
start using my business mind.
1983
01:37:10,880 --> 01:37:11,790
So, I've learnt a lot.
1984
01:37:11,800 --> 01:37:15,230
But, guys, five companies
are in the Board Room,
1985
01:37:15,240 --> 01:37:17,070
so that's going to be
quite a task today.
1986
01:37:17,080 --> 01:37:20,040
I have no clue what's going to happen.
I won't be in the Board Room this time.
1987
01:37:20,200 --> 01:37:22,110
I am going to send Karan over there
because I think
1988
01:37:22,120 --> 01:37:23,270
he also needs to get
1989
01:37:23,280 --> 01:37:24,430
- a vibe of the Board Room.
- I agree.
1990
01:37:24,440 --> 01:37:26,670
Karan is a business maverick.
He should be in the Board Room.
1991
01:37:26,680 --> 01:37:29,150
I am just there to suss out
if you guys are doing a good job.
1992
01:37:29,160 --> 01:37:30,310
On that note,
1993
01:37:30,320 --> 01:37:31,590
- should we head to the Board Room?
- Let's go.
1994
01:37:31,600 --> 01:37:32,600
Let's do it.
1995
01:37:39,320 --> 01:37:40,670
Okay, so who do you guys think?
1996
01:37:40,680 --> 01:37:42,270
- Now, that we're here--
- Vardi, for sure.
1997
01:37:42,280 --> 01:37:43,550
Vardi will have to take it
1998
01:37:43,560 --> 01:37:44,990
because they don't have
a second option.
1999
01:37:45,000 --> 01:37:46,190
But he'll get better
than his last time.
2000
01:37:46,200 --> 01:37:47,550
Better than last time.
2001
01:37:47,560 --> 01:37:50,070
Which I think makes his negotiation
in a better place.
2002
01:37:50,080 --> 01:37:52,680
I don't think Abhishek
is taking the money today.
2003
01:37:52,920 --> 01:37:53,990
He's a smart guy.
2004
01:37:54,000 --> 01:37:56,590
I think he's a smart guy.
He'd like to be on the show more.
2005
01:37:56,600 --> 01:37:57,680
I feel.
2006
01:37:59,600 --> 01:38:02,750
I feel the sooner we go
into the Board Room the better
2007
01:38:02,760 --> 01:38:05,280
because there's still
funding left to secure.
2008
01:38:05,480 --> 01:38:07,230
The available funds
will decrease over time.
2009
01:38:07,240 --> 01:38:09,960
If I raise my ask,
2010
01:38:10,120 --> 01:38:13,160
then this is a stamp of validation
2011
01:38:13,360 --> 01:38:16,800
on what I have been doing
for the last six years.
2012
01:38:17,160 --> 01:38:18,350
What's your ask?
2013
01:38:18,360 --> 01:38:21,870
My ask is ₹90 lakh
in exchange for 15% equity
2014
01:38:21,880 --> 01:38:23,150
in my company right now.
2015
01:38:23,160 --> 01:38:24,390
What is the valuation?
2016
01:38:24,400 --> 01:38:26,190
Close to ₹6 crore.
₹6 crore.
2017
01:38:26,200 --> 01:38:27,800
What was your last year's turnover?
2018
01:38:27,960 --> 01:38:30,470
Last year we did 13.
2019
01:38:30,480 --> 01:38:32,720
- I think ₹1.3 crore. ₹1.3 crore.
-₹1.3 crore.
2020
01:38:32,840 --> 01:38:34,030
This year,
you're projecting how much?
2021
01:38:34,040 --> 01:38:35,080
Around 20.
2022
01:38:35,280 --> 01:38:36,670
What was it before?
Before ₹1.3 crore.
2023
01:38:36,680 --> 01:38:39,230
It was around ₹1.15 crore.
2024
01:38:39,240 --> 01:38:41,470
Your sales so far has been limited.
2025
01:38:41,480 --> 01:38:44,190
And breakeven is still
a forward-looking projection.
2026
01:38:44,200 --> 01:38:48,080
I think at this point making
an offer of ₹3 crore as a value
2027
01:38:48,240 --> 01:38:49,110
is possible.
2028
01:38:49,120 --> 01:38:51,400
Offering ₹90 lakh
at this valuation
2029
01:38:51,560 --> 01:38:53,270
would give us approximately
30% equity in his company.
2030
01:38:53,280 --> 01:38:54,030
- Somewhere around that.
- Right?
2031
01:38:54,040 --> 01:38:55,840
- Still leaving majority.
- I would like to ask Karan.
2032
01:38:56,080 --> 01:38:57,030
I am instinctive.
2033
01:38:57,040 --> 01:38:59,230
And my instinct tells me
that we must invest in him.
2034
01:38:59,240 --> 01:39:00,230
- Absolutely.
- Absolutely.
2035
01:39:00,240 --> 01:39:03,880
Now, you have to tell us whether
the offer made works for you or not?
2036
01:39:09,160 --> 01:39:11,790
My marketing budget
was 33% last year.
2037
01:39:11,800 --> 01:39:14,160
This year I've reduced it to 13%.
2038
01:39:14,440 --> 01:39:20,880
I will convert my 10% EBITDA loss
to 10% profit this year.
2039
01:39:23,200 --> 01:39:25,110
I know what I am doing.
2040
01:39:25,120 --> 01:39:30,200
So I feel this is not
the right valuation for me.
2041
01:39:32,160 --> 01:39:33,150
Can I tell you, Abhishek?
2042
01:39:33,160 --> 01:39:36,440
If you had agreed, I would
have had second thoughts about it.
2043
01:39:37,720 --> 01:39:39,680
I have that convincing power in me.
2044
01:39:40,000 --> 01:39:44,510
Now I'll show them more possibilities
to justify my valuation.
2045
01:39:44,520 --> 01:39:45,760
I am not asking for anything wrong.
2046
01:39:46,400 --> 01:39:48,110
So, I know what I am worth.
2047
01:39:48,120 --> 01:39:49,640
How can I sell for cheap?
2048
01:39:51,120 --> 01:39:52,830
I've shot several scenes like this
2049
01:39:52,840 --> 01:39:55,000
in corporate boardrooms,
having discussions.
2050
01:39:55,200 --> 01:39:58,670
And I feel today I was living
a part of one of my own films.
2051
01:39:58,680 --> 01:39:59,950
But you guys rock.
2052
01:39:59,960 --> 01:40:01,920
I think
you're doing a spectacular job.
2053
01:40:02,080 --> 01:40:03,750
And I think... as are you gentlemen.
2054
01:40:03,760 --> 01:40:05,230
And I am going to take your leave.
2055
01:40:05,240 --> 01:40:06,200
Absolutely.
2056
01:40:06,560 --> 01:40:08,070
You guys have business to do.
2057
01:40:08,080 --> 01:40:09,790
I really-really wish you
all the best.
2058
01:40:09,800 --> 01:40:10,790
But this was exciting.
2059
01:40:10,800 --> 01:40:11,950
I can't wait to be
in this Board Room again.
2060
01:40:11,960 --> 01:40:13,800
- Thank you for joining us.
- Bye, see you.
2061
01:40:14,520 --> 01:40:16,110
- Jai Mata Di.
- Jai Mata Di. Let's rock.
2062
01:40:16,120 --> 01:40:17,240
- Let's rock.
- Bye, guys.
2063
01:40:17,400 --> 01:40:18,840
- Thank you.
- All the best. Bye.
2064
01:40:19,160 --> 01:40:20,710
I am very nervous
2065
01:40:20,720 --> 01:40:22,190
because we're going to talk money.
2066
01:40:22,200 --> 01:40:24,510
We're going to talk numbers,
about business.
2067
01:40:24,520 --> 01:40:27,640
This is where you get your ask
or don't get your ask, depending.
2068
01:40:28,840 --> 01:40:32,350
The ask is 20% for ₹1 crore,
2069
01:40:32,360 --> 01:40:34,600
which puts me at
a ₹5 crore valuation.
2070
01:40:35,000 --> 01:40:36,000
Wait a second.
2071
01:40:38,400 --> 01:40:40,030
- Let's digest this first.
-₹5 crore value.
2072
01:40:40,040 --> 01:40:43,470
His company generated
₹16 lakh in revenues last year.
2073
01:40:43,480 --> 01:40:44,630
- Okay.
- Yes.
2074
01:40:44,640 --> 01:40:48,750
And your valuation ask
is ₹5 crore.
2075
01:40:48,760 --> 01:40:50,600
Yes. Yes.
2076
01:40:53,200 --> 01:40:57,590
I know where I can take this brand.
2077
01:40:57,600 --> 01:40:59,430
I've worked extensively
in this industry.
2078
01:40:59,440 --> 01:41:01,790
This brand is
a few years old, but--
2079
01:41:01,800 --> 01:41:04,560
See, Gaurav, we need a number,
not an explanation.
2080
01:41:09,560 --> 01:41:13,320
If I move that number around,
based on the valuation,
2081
01:41:13,560 --> 01:41:16,870
I get mired in not being able to do
all of the things over this year.
2082
01:41:16,880 --> 01:41:18,750
Gaurav, we can
de-structure creatively.
2083
01:41:18,760 --> 01:41:19,790
Leave that to Darpan and I.
2084
01:41:19,800 --> 01:41:25,040
Gaurav, are you saying you want to
stick to the valuation of ₹5 crore?
2085
01:41:25,400 --> 01:41:26,560
Is that what you are saying?
2086
01:41:31,360 --> 01:41:32,240
Yes.
2087
01:41:32,440 --> 01:41:36,120
When you keep the valuation high,
2088
01:41:36,880 --> 01:41:40,640
you're putting a lot of pressure
on yourself and your brand.
2089
01:41:41,200 --> 01:41:42,080
- Yes.
- Okay.
2090
01:41:42,240 --> 01:41:44,080
It was a little frustrating for me.
2091
01:41:44,360 --> 01:41:47,230
I was trying to reason with them,
2092
01:41:47,240 --> 01:41:49,960
but I feel like they have
already made up their minds.
2093
01:41:50,440 --> 01:41:52,760
I wish we could discuss this
a little more.
2094
01:41:54,800 --> 01:41:59,400
For me, the amount I am
asking for is pretty high.
2095
01:41:59,680 --> 01:42:04,030
I know what changes
that fund can bring in.
2096
01:42:04,040 --> 01:42:06,520
When I entered,
I knew that's what I wanted.
2097
01:42:06,840 --> 01:42:08,840
Sonam, if you get ₹60 lakh,
2098
01:42:09,040 --> 01:42:11,510
what are the first few things
you'd do with the money?
2099
01:42:11,520 --> 01:42:14,270
First of all, we would like to
2100
01:42:14,280 --> 01:42:17,430
import our raw materials
2101
01:42:17,440 --> 01:42:21,000
so that we can upscale
our designs and product range.
2102
01:42:22,120 --> 01:42:23,600
Where will you sell the product?
2103
01:42:24,360 --> 01:42:25,600
Our own website.
2104
01:42:26,000 --> 01:42:28,550
If you sell on your own website,
you'll lose money.
2105
01:42:28,560 --> 01:42:30,280
Even ₹6 crore is too less,
let alone ₹60 lakh.
2106
01:42:33,600 --> 01:42:35,070
Sarthak, do you have sheet ready?
2107
01:42:35,080 --> 01:42:37,280
If you get ₹60 lakh,
2108
01:42:37,400 --> 01:42:38,750
₹5 lakh is going into X,
2109
01:42:38,760 --> 01:42:40,510
₹15 lakh is going into content,
2110
01:42:40,520 --> 01:42:42,750
₹30 lakh is going
into research of new products...
2111
01:42:42,760 --> 01:42:45,200
Do you have a bulletproof sheet
right now?
2112
01:42:46,000 --> 01:42:46,920
It's bulletproof.
2113
01:42:47,200 --> 01:42:49,000
If we receive ₹60 lakh,
2114
01:42:50,120 --> 01:42:52,560
we need ₹10 lakh
for team building.
2115
01:42:52,920 --> 01:42:53,830
Okay.
2116
01:42:53,840 --> 01:42:56,390
I need close to around ₹15 lakh.
2117
01:42:56,400 --> 01:42:59,870
₹5 lakh for offline
community-building activities.
2118
01:42:59,880 --> 01:43:01,150
Call it marketing of sorts.
2119
01:43:01,160 --> 01:43:03,830
We need ₹20 lakh as a buffer
for the initial stage
2120
01:43:03,840 --> 01:43:04,990
because we need--
2121
01:43:05,000 --> 01:43:06,680
But where is the money
for your inventory?
2122
01:43:09,360 --> 01:43:12,510
We have ₹20 lakh as a buffer
in case we receive orders.
2123
01:43:12,520 --> 01:43:15,280
You're saying ₹20 lakh as a buffer,
whereas it's actually ₹30 lakh.
2124
01:43:17,440 --> 01:43:22,280
If I may, Sarthak, your numbers are
not very scientifically thought out
2125
01:43:22,440 --> 01:43:23,800
and they seem impromptu.
2126
01:43:26,760 --> 01:43:29,800
Go back, think
and come more prepared.
2127
01:43:30,720 --> 01:43:31,640
I was like...
2128
01:43:32,080 --> 01:43:33,350
I was totally silent
when I came out.
2129
01:43:33,360 --> 01:43:34,680
I thought to myself,
"What just happened inside?"
2130
01:43:34,840 --> 01:43:36,510
- Yes.
- Because it was our brand.
2131
01:43:36,520 --> 01:43:37,470
We built it.
2132
01:43:37,480 --> 01:43:39,590
If you can't tell them
when you are questioned
2133
01:43:39,600 --> 01:43:42,680
what you need and why,
2134
01:43:42,840 --> 01:43:44,710
that's on you.
2135
01:43:44,720 --> 01:43:45,990
You are being disrespected.
2136
01:43:46,000 --> 01:43:47,950
When you are asking
for investment as a brand
2137
01:43:47,960 --> 01:43:49,070
and you can't explain it to them,
2138
01:43:49,080 --> 01:43:50,320
- shame on us.
- Yes.
2139
01:43:52,000 --> 01:43:54,560
I took the chance to
go inside the Board Room.
2140
01:43:54,920 --> 01:43:59,120
And I knew that I'll have
to take a decision in the Board Room.
2141
01:43:59,520 --> 01:44:02,270
Either I take the funding
or I don't.
2142
01:44:02,280 --> 01:44:08,110
If I don't accept the funding,
I will have to exit the show.
2143
01:44:08,120 --> 01:44:10,550
Your ask was ₹1 crore
2144
01:44:10,560 --> 01:44:12,510
- for 15% of your company.
- Right.
2145
01:44:12,520 --> 01:44:14,830
- That was the final offer you had given.
- Right.
2146
01:44:14,840 --> 01:44:16,310
We offered you
2147
01:44:16,320 --> 01:44:19,670
₹50 lakh for 25% with milestone.
2148
01:44:19,680 --> 01:44:22,350
Rohit, have you given it
a thought since then to now?
2149
01:44:22,360 --> 01:44:23,310
Yes. Yes.
2150
01:44:23,320 --> 01:44:26,120
Ask would be ₹1 crore for 25%.
2151
01:44:30,600 --> 01:44:34,800
So, I would increase it
from 15% equity to 25%, sir.
2152
01:44:38,480 --> 01:44:40,870
There is a disconnect
not only in the valuation, Manish.
2153
01:44:40,880 --> 01:44:41,840
Yes.
2154
01:44:44,200 --> 01:44:45,960
But the disconnect
is also in the amount.
2155
01:44:47,040 --> 01:44:51,120
We told you previously
this offer might not stand.
2156
01:44:51,680 --> 01:44:53,670
I think you should have
accepted the previous offer
2157
01:44:53,680 --> 01:44:55,550
because I look at your revenue
2158
01:44:55,560 --> 01:44:58,640
and your struggle for the last
few years to get it somewhere.
2159
01:45:00,520 --> 01:45:01,550
I have a suggestion.
2160
01:45:01,560 --> 01:45:04,270
Instead of taking 25% at this point,
2161
01:45:04,280 --> 01:45:07,110
can we dilute only 10%?
2162
01:45:07,120 --> 01:45:10,080
This way, you're still left
with 90%, first of all.
2163
01:45:11,280 --> 01:45:12,630
Most of the company is yours.
2164
01:45:12,640 --> 01:45:16,920
Secondly, instead of ₹10 lakh,
we can give you a bit more capital
2165
01:45:17,080 --> 01:45:18,750
so you can upscale
your proof of concept.
2166
01:45:18,760 --> 01:45:19,350
Correct.
2167
01:45:19,360 --> 01:45:22,630
This way, you benefit
from our incubation and advice.
2168
01:45:22,640 --> 01:45:24,470
What is the amount that
you would offer him for 10%?
2169
01:45:24,480 --> 01:45:25,440
₹20 lakh.
2170
01:45:28,880 --> 01:45:30,950
So ₹20 lakh for 10%.
2171
01:45:30,960 --> 01:45:33,190
And of course,
this whole advisory--
2172
01:45:33,200 --> 01:45:34,670
That's a ₹2 crore valuation,
Manish.
2173
01:45:34,680 --> 01:45:35,880
Yeah, straightaway.
2174
01:45:38,360 --> 01:45:40,000
The ball is now in your court.
2175
01:45:41,680 --> 01:45:44,430
₹20 lakh is definitely
not a big amount.
2176
01:45:44,440 --> 01:45:46,400
And this situation...
2177
01:45:46,760 --> 01:45:50,880
It's basically, take it or leave it.
2178
01:45:51,880 --> 01:45:53,790
Numbers are discussed
in the Board Room.
2179
01:45:53,800 --> 01:45:56,350
We've already been through what they
are going to discuss in the Board Room.
2180
01:45:56,360 --> 01:45:57,950
This is our strong suit.
2181
01:45:57,960 --> 01:46:00,950
We know what negotiations are,
what to do, what not to do.
2182
01:46:00,960 --> 01:46:03,640
For us,
that was sort of a comfort zone.
2183
01:46:04,160 --> 01:46:06,550
Dhruv, do you remember
their 60-second pitch.
2184
01:46:06,560 --> 01:46:09,190
Welcome to the future
of fashion with Dopplr.
2185
01:46:09,200 --> 01:46:10,880
We are a...
2186
01:46:14,480 --> 01:46:18,480
According to me,
the 60-second pitch was a big failure.
2187
01:46:19,680 --> 01:46:21,360
Oh, my God, that was a disaster.
2188
01:46:22,120 --> 01:46:23,870
- Shocking.
- Shocking that we're sitting here today.
2189
01:46:23,880 --> 01:46:26,830
But that's the USP of our show.
2190
01:46:26,840 --> 01:46:28,830
You can pitch again.
2191
01:46:28,840 --> 01:46:30,880
So, let's dive deep
into the numbers.
2192
01:46:31,480 --> 01:46:32,750
What is your revenue target?
2193
01:46:32,760 --> 01:46:34,870
If we see this year's end,
2194
01:46:34,880 --> 01:46:38,710
our revenue target is around
₹6-7 crore annual.
2195
01:46:38,720 --> 01:46:39,710
That's the ARR.
2196
01:46:39,720 --> 01:46:41,310
And if I see one year later?
2197
01:46:41,320 --> 01:46:44,790
A year later, we want to
grow three-fold.
2198
01:46:44,800 --> 01:46:46,440
So, what is your ask, Dopplr?
2199
01:46:46,600 --> 01:46:48,830
We're looking for ₹4 crore,
convertible notes.
2200
01:46:48,840 --> 01:46:53,480
Convertible notes is when
the entrepreneur is confident
2201
01:46:53,640 --> 01:46:56,070
that they can do more in the future
2202
01:46:56,080 --> 01:46:59,360
and says not to value
their current price
2203
01:46:59,520 --> 01:47:03,390
because their revenue will grow,
their value will grow.
2204
01:47:03,400 --> 01:47:06,000
But they need the money
to get there.
2205
01:47:06,200 --> 01:47:08,190
And it's not too far.
2206
01:47:08,200 --> 01:47:10,160
It can happen in six months
or a year.
2207
01:47:10,480 --> 01:47:11,990
And what is the conversion formula?
2208
01:47:12,000 --> 01:47:16,190
We're thinking, if we don't raise
a second round in 15 months,
2209
01:47:16,200 --> 01:47:19,270
then we'll convert at
the valuation of ₹60 crore.
2210
01:47:19,280 --> 01:47:20,990
So, you're saying that
floor should be ₹60 crore.
2211
01:47:21,000 --> 01:47:21,870
- Yes.
- Okay.
2212
01:47:21,880 --> 01:47:23,400
And we don't want to
give a discount.
2213
01:47:26,360 --> 01:47:28,040
But this no-discount--
2214
01:47:28,200 --> 01:47:30,590
I've never heard
of a zero-discount convertible.
2215
01:47:30,600 --> 01:47:33,120
I've never heard of it.
And for a 15 months' time period?
2216
01:47:36,120 --> 01:47:37,160
Let's do this, Sresht.
2217
01:47:37,800 --> 01:47:39,920
First is...
I think, in terms of the amount,
2218
01:47:40,080 --> 01:47:41,470
what we'd like to do is...
2219
01:47:41,480 --> 01:47:45,000
We'd like to do an amount of ₹3 crore
instead of the ₹4 crore
2220
01:47:45,720 --> 01:47:48,920
and keep it zero-discount
for six months.
2221
01:47:49,160 --> 01:47:51,910
From six to twelve,
do a small discount.
2222
01:47:51,920 --> 01:47:54,360
After that,
do a slightly higher discount.
2223
01:47:54,640 --> 01:47:56,600
I think it's a very fair deal.
2224
01:48:01,080 --> 01:48:03,040
Sir, if you reducing from 40 to 30,
2225
01:48:03,360 --> 01:48:05,870
I'll give you a discount
after 12 months.
2226
01:48:05,880 --> 01:48:07,670
What will be the discount
after 12 months?
2227
01:48:07,680 --> 01:48:09,400
After 12 months, you can...
2228
01:48:16,000 --> 01:48:17,800
- take 5% discount.
- Not at all.
2229
01:48:20,680 --> 01:48:23,880
Every deal has a mid-ground
2230
01:48:24,000 --> 01:48:27,150
where we both come
to a common ground.
2231
01:48:27,160 --> 01:48:29,120
What was essential for us
2232
01:48:29,280 --> 01:48:31,000
was that we don't give any discount.
2233
01:48:32,080 --> 01:48:33,950
I don't think he got
₹1 crore for 20%.
2234
01:48:33,960 --> 01:48:35,150
- Who?
- Vardi.
2235
01:48:35,160 --> 01:48:37,640
- They must have got ₹50 lakh.
- Yes, ₹5 lakh.
2236
01:48:40,360 --> 01:48:41,800
There's no doubt about that...
2237
01:48:58,800 --> 01:49:00,640
- It was 28.
- 28 was the number.
2238
01:49:01,000 --> 01:49:03,870
We were all calculating frantically,
"Wait! What happened?"
2239
01:49:03,880 --> 01:49:05,480
₹3 crore, someone has taken.
2240
01:49:08,080 --> 01:49:10,990
But they asked for 20
and they gave them 25?
2241
01:49:11,000 --> 01:49:12,070
How can that be?
2242
01:49:12,080 --> 01:49:13,590
They won't give more than the ask.
2243
01:49:13,600 --> 01:49:14,680
That's true.
2244
01:49:20,120 --> 01:49:22,320
Congratulations!
2245
01:49:22,840 --> 01:49:24,920
So, ₹20 lakh for 10%.
2246
01:49:25,480 --> 01:49:27,470
- This is your final Board Room.
- Okay.
2247
01:49:27,480 --> 01:49:28,750
Decision is in your court.
2248
01:49:28,760 --> 01:49:30,110
Yes or no, and move forward.
2249
01:49:30,120 --> 01:49:33,350
I really want to make Vardi
India's number one patriotic brand.
2250
01:49:33,360 --> 01:49:36,030
And I am sure
all of us together can do it.
2251
01:49:36,040 --> 01:49:38,360
So, I think let's just make a deal.
2252
01:49:38,520 --> 01:49:40,150
- Congratulations, Rohit.
- Congratulations.
2253
01:49:40,160 --> 01:49:42,030
I think what you did is wise.
2254
01:49:42,040 --> 01:49:45,030
So, Rohit, your pitch
got your company rich.
2255
01:49:45,040 --> 01:49:46,750
- Wow.
- Thank you very much, Manish sir.
2256
01:49:46,760 --> 01:49:47,950
- Congratulations, Rohit.
- Thank you.
2257
01:49:47,960 --> 01:49:49,230
Great. Thank you so much.
2258
01:49:49,240 --> 01:49:50,200
Thank you.
2259
01:49:54,880 --> 01:49:56,950
And I'll tell you this.
This time you got all the buzzers.
2260
01:49:56,960 --> 01:50:00,840
This is one of the products where
the second Board Room may not be.
2261
01:50:05,400 --> 01:50:07,030
I think after 12 is
what you're leaning towards.
2262
01:50:07,040 --> 01:50:09,480
- What is the number you can--
- After 12, let's do 10.
2263
01:50:09,960 --> 01:50:11,590
10? Beautiful. Let's close.
2264
01:50:11,600 --> 01:50:13,710
Dopplr, congratulations.
2265
01:50:13,720 --> 01:50:15,270
-₹3 crore.
- Correct.
2266
01:50:15,280 --> 01:50:17,150
Zero discount for 12 months.
2267
01:50:17,160 --> 01:50:19,270
Only 10% discount after 12 months.
2268
01:50:19,280 --> 01:50:20,400
Congratulations.
2269
01:50:20,800 --> 01:50:21,950
- Thank you so much.
- Thank you so much.
2270
01:50:21,960 --> 01:50:23,440
- Thank you, Darpan.
- Congratulations.
2271
01:50:23,840 --> 01:50:24,670
Great job, guys.
2272
01:50:24,680 --> 01:50:26,350
Make us proud. Make India proud.
2273
01:50:26,360 --> 01:50:28,360
- Thank you.
- Thank you very much.
2274
01:50:29,720 --> 01:50:30,630
We're like, "Okay.
2275
01:50:30,640 --> 01:50:34,110
"Thank you for taking
a big slice out of our pie."
2276
01:50:34,120 --> 01:50:38,280
A tech company took
a huge bite out of our rasgulla.
2277
01:50:39,200 --> 01:50:40,670
We can see the numbers decreasing.
2278
01:50:40,680 --> 01:50:41,710
So we were thinking
2279
01:50:41,720 --> 01:50:43,480
that the numbers are decreasing
and the money's going.
2280
01:50:43,640 --> 01:50:45,960
When's our turn
to take the money and go?
2281
01:50:46,840 --> 01:50:48,720
The amount is decreasing.
2282
01:50:49,280 --> 01:50:50,710
The competition is growing.
2283
01:50:50,720 --> 01:50:52,520
I'll take this much...
I'll take this much.
2284
01:50:55,360 --> 01:50:56,640
There's going to be a war now.
2285
01:52:38,160 --> 01:52:39,750
Fasten your seatbelts.
2286
01:52:39,760 --> 01:52:42,480
Sit back and get ready for take-off.
2287
01:52:43,480 --> 01:52:47,040
13 companies are going to showcase
their product range.
2288
01:52:49,280 --> 01:52:50,480
I love it.
2289
01:52:51,080 --> 01:52:53,760
I need to see something that
really blows me away.
2290
01:52:54,560 --> 01:52:55,830
I mean,
I am sorry I have to say this.
2291
01:52:55,840 --> 01:52:57,880
They are the single largest
bridal brand in the country!
2292
01:52:59,800 --> 01:53:01,790
It is always good
to push a youngster,
2293
01:53:01,800 --> 01:53:03,030
and of course, support you.
2294
01:53:03,040 --> 01:53:04,480
Oh, wow!
2295
01:53:05,440 --> 01:53:07,920
Embroidery is basic. It's mediocre.
2296
01:53:11,720 --> 01:53:13,350
I love that it's inspired by nature,
2297
01:53:13,360 --> 01:53:15,630
cruelty-free, vegan,
which is amazing.
2298
01:53:15,640 --> 01:53:17,520
I love it, so it's a...
2299
01:53:19,960 --> 01:53:21,840
- One, two, three...
- Go.
2300
01:53:22,160 --> 01:53:23,030
All right.
2301
01:53:23,040 --> 01:53:24,440
See you in the Board Room, guys.
2302
01:53:27,840 --> 01:53:28,750
What's your ask?
2303
01:53:28,760 --> 01:53:30,390
-₹90 lakh.
-₹1 crore...
2304
01:53:30,400 --> 01:53:31,840
-₹4 crore...
-₹1 crore...
2305
01:53:33,200 --> 01:53:35,280
Does the offer made
works for you or not?
2306
01:53:36,880 --> 01:53:38,270
Yes or no, and move forward.
2307
01:53:38,280 --> 01:53:39,870
I think let's just make a deal.
2308
01:53:39,880 --> 01:53:41,840
₹3 crore! Congratulations.
2309
01:53:42,320 --> 01:53:43,560
- Thank you so much.
- Thank you so much.
2310
01:53:46,240 --> 01:53:47,350
From ₹30 crore,
2311
01:53:47,360 --> 01:53:51,670
we've come down to ₹25.55 crore.
2312
01:53:51,680 --> 01:53:53,350
The amount is reducing.
2313
01:53:53,360 --> 01:53:54,480
There's going to be a war now.
2314
01:54:04,960 --> 01:54:06,800
Pitch To Get Rich.
2315
01:54:08,480 --> 01:54:12,080
80% customers prefer brands
2316
01:54:12,240 --> 01:54:14,590
that also make customised products.
2317
01:54:14,600 --> 01:54:16,390
55% customers,
2318
01:54:16,400 --> 01:54:20,920
after a single negative customer
service experience of any company,
2319
01:54:21,120 --> 01:54:23,440
switch over
to their competitor brand.
2320
01:54:23,640 --> 01:54:24,600
Burn.
2321
01:54:24,880 --> 01:54:26,000
Coming to the point...
2322
01:54:26,600 --> 01:54:28,280
Customer is God.
2323
01:54:28,480 --> 01:54:29,950
In their next pitch,
2324
01:54:29,960 --> 01:54:33,630
the founders will prepare customised
products for two customers,
2325
01:54:33,640 --> 01:54:36,200
who will give them customer reviews.
2326
01:54:36,320 --> 01:54:39,470
First customer, well... moi.
Me.
2327
01:54:39,480 --> 01:54:41,000
And the second customer...
2328
01:54:41,440 --> 01:54:43,800
The beautiful and
stunning Sara Ali Khan.
2329
01:54:44,040 --> 01:54:45,960
Today you are a very big player
2330
01:54:46,120 --> 01:54:49,590
in the lives and destinies of these
11 forces that are going to come.
2331
01:54:49,600 --> 01:54:50,790
- Are you ready?
- I am ready.
2332
01:54:50,800 --> 01:54:51,990
Before we talk shop,
2333
01:54:52,000 --> 01:54:54,440
how many zeros are in ₹30 crore?
2334
01:54:57,480 --> 01:55:00,910
- Eight.
- Oh... wow! Wow.
2335
01:55:00,920 --> 01:55:03,600
Do you know what B2B stands for?
2336
01:55:04,000 --> 01:55:04,990
Business to business.
2337
01:55:05,000 --> 01:55:06,150
Wow.
2338
01:55:06,160 --> 01:55:07,600
What is bootstrap?
2339
01:55:09,600 --> 01:55:11,520
The straps on your boots.
2340
01:55:12,320 --> 01:55:13,720
In just 48 hours,
2341
01:55:13,840 --> 01:55:17,120
the founders have to visualise,
strategies and customise.
2342
01:55:20,280 --> 01:55:22,670
We have been given
a customisation challenge
2343
01:55:22,680 --> 01:55:24,760
for two very strong figures.
2344
01:55:25,160 --> 01:55:27,520
One is Sara Ali Khan,
and the other is Karan Johar.
2345
01:55:28,640 --> 01:55:30,630
We have to get the piece ready
in 48 hours.
2346
01:55:30,640 --> 01:55:32,800
This timeline is too tight.
2347
01:55:33,120 --> 01:55:35,760
Obviously, they are not
talking to us beforehand.
2348
01:55:36,040 --> 01:55:39,710
So, let's do some research on
what kind of outfits they like,
2349
01:55:39,720 --> 01:55:41,190
what colour they like
2350
01:55:41,200 --> 01:55:43,600
because these things can be
seen in their repeat pictures.
2351
01:55:43,880 --> 01:55:48,110
We heard words like "customisation" and
"bespoke" on the show. We didn't know.
2352
01:55:48,120 --> 01:55:50,510
We were producing quantities
like 1,000 or 10,000 pieces,
2353
01:55:50,520 --> 01:55:52,390
and now we've learnt we must
make for just one person.
2354
01:55:52,400 --> 01:55:53,960
And that one person is Karan Johar.
2355
01:55:54,120 --> 01:55:55,400
Right, Karan Johar.
2356
01:55:55,720 --> 01:55:58,640
Our main customer would be Sara
2357
01:55:58,840 --> 01:56:01,240
because, for me,
she is like the perfect muse.
2358
01:56:01,640 --> 01:56:03,230
This time, we have to make sure
2359
01:56:03,240 --> 01:56:04,990
they understand our platform.
2360
01:56:05,000 --> 01:56:06,830
We are not a label. You could
be in any part of the world
2361
01:56:06,840 --> 01:56:08,720
and contact us for
your tailoring services.
2362
01:56:10,480 --> 01:56:12,230
Philocaly is a custom brand, right?
2363
01:56:12,240 --> 01:56:16,080
This strong point should be
displayed in front of the Angels.
2364
01:56:16,320 --> 01:56:18,430
So that is why
this time I have chosen
2365
01:56:18,440 --> 01:56:20,910
the finest cashmere
that money can buy
2366
01:56:20,920 --> 01:56:23,840
from an exclusive mill in Paris
for Karan.
2367
01:56:24,040 --> 01:56:25,880
And this is the fabric.
2368
01:56:26,120 --> 01:56:27,480
Can it be made in a day?
2369
01:56:27,800 --> 01:56:28,760
Oh, God.
2370
01:56:29,640 --> 01:56:30,560
He is refusing.
2371
01:56:30,920 --> 01:56:32,230
Tell him to try.
2372
01:56:32,240 --> 01:56:34,030
He is saying
how it can be done in a day.
2373
01:56:34,040 --> 01:56:35,800
Tell him Karan Johar
isn't available every day.
2374
01:56:36,280 --> 01:56:37,510
We make for the masses,
and now we're getting
2375
01:56:37,520 --> 01:56:39,320
Karan Johar as an option.
He's lost his mind.
2376
01:56:45,080 --> 01:56:46,910
The timeline is too constrained.
2377
01:56:46,920 --> 01:56:49,510
We're flying over to Bangalore,
2378
01:56:49,520 --> 01:56:53,590
and we're going to plan this
with our designers.
2379
01:56:53,600 --> 01:56:56,990
From design to execution,
we want to personally oversee.
2380
01:56:57,000 --> 01:56:58,960
So, we're catching a flight today.
2381
01:56:59,920 --> 01:57:01,390
You know how I panic, Gaurav.
2382
01:57:01,400 --> 01:57:03,320
I am under so much stress...
2383
01:57:03,560 --> 01:57:04,870
A lot of stress.
2384
01:57:04,880 --> 01:57:07,240
This is a really tough one for us.
2385
01:57:10,600 --> 01:57:12,360
We've been given
a challenge on the show
2386
01:57:12,600 --> 01:57:16,000
to make a customised outfit
for Karan Johar sir.
2387
01:57:16,680 --> 01:57:19,480
Hopefully, it will be
ready before the challenge.
2388
01:57:22,440 --> 01:57:25,560
In a single day, we're designing
a new border,
2389
01:57:25,680 --> 01:57:27,150
new borders are being sampled.
2390
01:57:27,160 --> 01:57:28,470
Artwork is being made.
2391
01:57:28,480 --> 01:57:31,310
The other founders have flown
to their hometown
2392
01:57:31,320 --> 01:57:33,030
and getting it done.
2393
01:57:33,040 --> 01:57:36,040
But our strong point
is our platform.
2394
01:57:36,240 --> 01:57:40,440
So, I could sit right here and
get everything done within 6 hours.
2395
01:57:43,120 --> 01:57:45,640
It has to be denim
because I know he loves denim.
2396
01:57:47,080 --> 01:57:49,920
I need you to just make that for me
really quickly.
2397
01:57:52,680 --> 01:57:54,670
Until now,
I've got only two buzzers.
2398
01:57:54,680 --> 01:57:57,400
It's time I get all the buzzers.
2399
01:57:58,080 --> 01:57:59,160
Has it been customised?
2400
01:57:59,360 --> 01:58:00,360
Is the package ready?
2401
01:58:01,080 --> 01:58:02,910
I don't know how it's made.
2402
01:58:02,920 --> 01:58:04,720
- Look.
- But we tried our best.
2403
01:58:12,200 --> 01:58:15,510
So, finally, we're happy that
we at least got what we wanted.
2404
01:58:15,520 --> 01:58:17,520
And I just hope
he will love it this time.
2405
01:58:22,520 --> 01:58:23,510
Hello, everybody.
2406
01:58:23,520 --> 01:58:26,510
As you can see, only four
Angels are sitting here today.
2407
01:58:26,520 --> 01:58:28,400
Only four buzzers this time.
2408
01:58:28,800 --> 01:58:30,870
Karan and Sara were here earlier.
2409
01:58:30,880 --> 01:58:32,870
Went through a beautiful activity,
2410
01:58:32,880 --> 01:58:37,270
which was our entrepreneurs
customised their products
2411
01:58:37,280 --> 01:58:39,230
and presented to Karan and Sara.
2412
01:58:39,240 --> 01:58:42,040
Karan and Sara have
also given their reviews.
2413
01:58:42,200 --> 01:58:43,750
- I see.
- So, let's get cracking.
2414
01:58:43,760 --> 01:58:44,870
- Shall we?
- Yes.
2415
01:58:44,880 --> 01:58:47,480
First of all,
can we have Love, Kiki, please?
2416
01:58:54,080 --> 01:58:55,230
- Hi, Angels.
- Hello.
2417
01:58:55,240 --> 01:58:57,560
- Hello.
- What did you customise?
2418
01:58:58,280 --> 01:59:00,990
I have always been known for
my design language.
2419
01:59:01,000 --> 01:59:02,990
So, when we designed
a dress for Sara,
2420
01:59:03,000 --> 01:59:04,910
we observed their design language.
2421
01:59:04,920 --> 01:59:06,910
We observed what kind
of outfits she likes,
2422
01:59:06,920 --> 01:59:09,590
the type of neckline,
her choice of colours.
2423
01:59:09,600 --> 01:59:12,840
And we incorporated
all that in our design.
2424
01:59:13,640 --> 01:59:15,590
- Oh, very nice.
- Wow, it's so pretty.
2425
01:59:15,600 --> 01:59:17,560
- It's dress.
- It's satin silk.
2426
01:59:17,880 --> 01:59:19,040
And that's organza.
2427
01:59:19,400 --> 01:59:21,680
We use organza
extensively in our fabric.
2428
01:59:21,960 --> 01:59:23,430
So, this is satin silk
going into organza.
2429
01:59:23,440 --> 01:59:24,310
Going into organza.
2430
01:59:24,320 --> 01:59:26,230
How nice. I really like it.
2431
01:59:26,240 --> 01:59:29,670
Nature patterns like
birds and flowers...
2432
01:59:29,680 --> 01:59:32,110
In fact,
I really liked your tagline.
2433
01:59:32,120 --> 01:59:33,560
"Own your own."
2434
01:59:33,760 --> 01:59:35,630
Express what you are.
2435
01:59:35,640 --> 01:59:37,400
And this is pretty much me.
2436
01:59:37,680 --> 01:59:38,600
Thank you.
2437
01:59:40,360 --> 01:59:41,390
Can I see the tie?
2438
01:59:41,400 --> 01:59:42,480
Yeah, please.
2439
01:59:44,640 --> 01:59:46,440
- This is my first tie.
- Oh, great.
2440
01:59:47,120 --> 01:59:48,120
I'll take it home.
2441
01:59:48,440 --> 01:59:49,350
Please.
2442
01:59:49,360 --> 01:59:50,910
My God, I must say, Manish.
2443
01:59:50,920 --> 01:59:52,230
You are quite the brand champion.
2444
01:59:52,240 --> 01:59:54,390
- You really are all for Love, Kiki.
- Isn't it?
2445
01:59:54,400 --> 01:59:55,550
- From day one.
- Very pretty.
2446
01:59:55,560 --> 01:59:57,910
In fact, I even suggested a collab.
2447
01:59:57,920 --> 01:59:59,750
"Manish loves Kiki." How about it?
2448
01:59:59,760 --> 02:00:01,760
- That's a nice line.
- "Manish loves Kiki!"
2449
02:00:03,800 --> 02:00:06,630
It's a big thing for her
to hear these comments.
2450
02:00:06,640 --> 02:00:08,110
- Let's see what Karan said.
- Yes.
2451
02:00:08,120 --> 02:00:10,190
- And Sara.
- Sara, of course.
2452
02:00:10,200 --> 02:00:14,400
Love, Kiki: I really liked the dress
they stitched for me.
2453
02:00:14,960 --> 02:00:16,640
I love nature.
2454
02:00:17,000 --> 02:00:19,120
So, the motifs were beautiful.
2455
02:00:19,360 --> 02:00:22,030
There were flowers and birds.
2456
02:00:22,040 --> 02:00:25,430
I think my personality
was beautifully captured.
2457
02:00:25,440 --> 02:00:28,960
So, I think
I'll give 4 out of 5 to Love, Kiki.
2458
02:00:29,160 --> 02:00:30,880
Four out of five, not bad.
2459
02:00:31,520 --> 02:00:35,160
Love, Kiki...
I don't love Kiki.
2460
02:00:37,520 --> 02:00:39,600
Do I love Kiki personally?
2461
02:00:39,760 --> 02:00:41,110
I love Kiki.
2462
02:00:41,120 --> 02:00:42,710
Do I love the brand Love, Kiki?
2463
02:00:42,720 --> 02:00:45,960
Resort wear for hotels maybe.
2464
02:00:46,320 --> 02:00:48,960
But other than that,
do I see any potential?
2465
02:00:50,160 --> 02:00:51,080
Nyet!
2466
02:00:53,200 --> 02:00:54,960
Rating on Love, Kiki.
2467
02:00:56,200 --> 02:00:57,360
Not applicable.
2468
02:01:02,440 --> 02:01:04,400
I appreciate an honest review.
2469
02:01:04,680 --> 02:01:07,510
I think, at one end,
you say it's nice,
2470
02:01:07,520 --> 02:01:10,640
and the next time you...
2471
02:01:11,240 --> 02:01:14,480
So, it was a little heartbreaking
for me to listen.
2472
02:01:16,440 --> 02:01:18,960
I will have to really
impress Karan sir.
2473
02:01:19,360 --> 02:01:20,310
See, I just feel...
2474
02:01:20,320 --> 02:01:23,190
Here we're sitting
with an investment.
2475
02:01:23,200 --> 02:01:27,920
We also, as a body, need
different kind of brands.
2476
02:01:28,120 --> 02:01:30,830
So, while we have
a very commercial brand
2477
02:01:30,840 --> 02:01:32,760
that we are supporting
with a larger sum,
2478
02:01:33,200 --> 02:01:36,390
I think it will be interesting
to support a more niche brand,
2479
02:01:36,400 --> 02:01:38,080
a more feminine brand.
2480
02:01:38,440 --> 02:01:40,040
Kirti, what is your ask?
2481
02:01:40,560 --> 02:01:42,830
My ask is ₹80 lakh
for 20% equity.
2482
02:01:42,840 --> 02:01:44,870
And what was your revenue last year?
2483
02:01:44,880 --> 02:01:46,510
Last year, it was ₹30 lakh.
2484
02:01:46,520 --> 02:01:49,350
Do you have a mechanism in place
for customer feedback?
2485
02:01:49,360 --> 02:01:50,630
Do you have any reviews?
2486
02:01:50,640 --> 02:01:53,710
We weren't including
that in our data until now.
2487
02:01:53,720 --> 02:01:55,270
But we have a lot of feedback,
2488
02:01:55,280 --> 02:01:57,510
as in we have a lot of chats
where clients have mentioned...
2489
02:01:57,520 --> 02:01:58,790
They have shared
a lot of pictures with us--
2490
02:01:58,800 --> 02:02:01,190
Dhruv, Manish,
Malaika, they don't have the system.
2491
02:02:01,200 --> 02:02:02,560
They don't have the system.
2492
02:02:03,280 --> 02:02:06,470
And they are also saying
that collecting customer data
2493
02:02:06,480 --> 02:02:08,360
is also very new to them.
2494
02:02:10,040 --> 02:02:12,520
I think, besides just investment,
2495
02:02:12,800 --> 02:02:15,430
she also needs guidance
and support.
2496
02:02:15,440 --> 02:02:17,880
And I would love to
meet you in the Board Room.
2497
02:02:18,880 --> 02:02:19,720
Thank you, sir.
2498
02:02:21,480 --> 02:02:22,710
He really likes Love, Kiki.
2499
02:02:22,720 --> 02:02:24,070
He really likes Kiki.
2500
02:02:24,080 --> 02:02:25,510
It's very his aesthetic.
2501
02:02:25,520 --> 02:02:28,520
Always he's been
a bit biased towards Kiki.
2502
02:02:29,720 --> 02:02:32,150
As a woman, sitting
on this panel full of men,
2503
02:02:32,160 --> 02:02:33,920
if I don't encourage you,
2504
02:02:34,120 --> 02:02:35,350
it's wrong on my part.
2505
02:02:35,360 --> 02:02:37,590
- Let's talk business.
- Thank you so much.
2506
02:02:37,600 --> 02:02:39,630
Kiki, I would love to learn more.
2507
02:02:39,640 --> 02:02:41,190
So, let's talk business
in the Board Room.
2508
02:02:41,200 --> 02:02:42,150
Thank you so much.
2509
02:02:42,160 --> 02:02:44,000
But, Dhruv, how can we
take her to the Board Room?
2510
02:02:44,920 --> 02:02:46,510
Her business is pretty nascent.
2511
02:02:46,520 --> 02:02:49,280
And her ask is ₹80 lakh for 20%.
2512
02:02:50,480 --> 02:02:53,280
If you want to enter
the Board Room with that ask,
2513
02:02:53,440 --> 02:02:54,920
then I need to see more.
2514
02:02:55,480 --> 02:02:57,280
So for today, I am holding back.
2515
02:03:01,840 --> 02:03:04,270
Okay, let's call Stylox.
2516
02:03:04,280 --> 02:03:05,400
Stylox.
2517
02:03:05,800 --> 02:03:06,870
We made it for you.
2518
02:03:06,880 --> 02:03:08,880
Oh, wow. I love mine.
2519
02:03:10,800 --> 02:03:12,750
- It's on denim, Sara.
- Oh, very nice.
2520
02:03:12,760 --> 02:03:14,150
Put it on the back
of a denim jacket.
2521
02:03:14,160 --> 02:03:15,120
Yeah.
2522
02:03:17,680 --> 02:03:18,920
- I am my favourite.
- Yes.
2523
02:03:19,080 --> 02:03:22,470
Also, just wanted to show you
this jacket that we've made for you.
2524
02:03:22,480 --> 02:03:24,120
There is a little
touch that we've added.
2525
02:03:24,240 --> 02:03:25,280
"Innovator."
2526
02:03:25,520 --> 02:03:28,390
And then comes our main product,
which is our denim.
2527
02:03:28,400 --> 02:03:29,630
Your denim. Wow.
2528
02:03:29,640 --> 02:03:30,750
We don't sell it yet.
2529
02:03:30,760 --> 02:03:32,910
- But maybe after I--
- Absolutely!
2530
02:03:32,920 --> 02:03:33,910
We're going to launch
a new collection.
2531
02:03:33,920 --> 02:03:36,550
You should launch it then.
It can be the KJ collection.
2532
02:03:36,560 --> 02:03:37,870
KJ collection, actually.
2533
02:03:37,880 --> 02:03:39,670
And then I should get some profit.
2534
02:03:39,680 --> 02:03:42,920
- I knew it right when you said it.
- Absolutely.
2535
02:03:43,400 --> 02:03:44,680
You're going to get funds.
2536
02:03:45,000 --> 02:03:47,480
I can't say whether
I'm included or not.
2537
02:03:47,720 --> 02:03:48,870
That requires more money.
2538
02:03:48,880 --> 02:03:50,040
Oh...
2539
02:03:51,480 --> 02:03:52,710
Oh, wow, that makes it a set.
2540
02:03:52,720 --> 02:03:53,640
Oh, fab...
2541
02:03:53,840 --> 02:03:56,880
I love it because I actually
like drawstring jeans.
2542
02:03:57,000 --> 02:03:58,950
- Great.
- So, this is like an acid wash, right?
2543
02:03:58,960 --> 02:03:59,880
Yes.
2544
02:04:01,160 --> 02:04:03,790
Stylox. Day one, I loved the brand.
Day two, I didn't love the brand.
2545
02:04:03,800 --> 02:04:05,840
Day three,
I'm back to loving the brand.
2546
02:04:07,600 --> 02:04:09,920
I am back to my love story
with Stylox.
2547
02:04:10,160 --> 02:04:12,870
Great, investible, domestic, Indian,
2548
02:04:12,880 --> 02:04:15,360
made-to-order denim brand.
And retail...
2549
02:04:16,240 --> 02:04:21,160
Franchise-able, retail-able,
relatable, wearable.
2550
02:04:21,600 --> 02:04:22,840
Four out of five.
2551
02:04:23,160 --> 02:04:24,080
I love it.
2552
02:04:25,640 --> 02:04:27,680
- Okay, 4 out of 5.
- Wow.
2553
02:04:28,000 --> 02:04:30,760
When we were given
this customisation challenge,
2554
02:04:31,000 --> 02:04:32,470
we went wow.
2555
02:04:32,480 --> 02:04:36,750
But another thing on our mind was
we are not a customisation brand.
2556
02:04:36,760 --> 02:04:41,200
I thought it was important to tell you
who our customer actually is.
2557
02:04:42,200 --> 02:04:43,710
We have two types of customers.
2558
02:04:43,720 --> 02:04:46,350
One is franchises and
small-scale retailers.
2559
02:04:46,360 --> 02:04:48,030
Forty franchise stores,
2560
02:04:48,040 --> 02:04:50,790
but other than that,
we have 400 counters.
2561
02:04:50,800 --> 02:04:53,870
So, those are like 400 MBOs,
which are in small cities.
2562
02:04:53,880 --> 02:04:57,790
What are your sales in tier 2 and
tier 3 cities versus tier 1?
2563
02:04:57,800 --> 02:04:59,870
- 80%.
- 80%, okay.
2564
02:04:59,880 --> 02:05:04,350
And these 400 MBO formats
versus 40 owned stores...
2565
02:05:04,360 --> 02:05:05,750
- Yes.
- What is the split in this?
2566
02:05:05,760 --> 02:05:07,510
- 60% is franchise.
- Okay.
2567
02:05:07,520 --> 02:05:09,240
And 40% is
the rest of the business.
2568
02:05:11,920 --> 02:05:16,350
I love that you are focusing
on the tier 2 and tier 3 markets.
2569
02:05:16,360 --> 02:05:20,480
Your quality and your price
are your biggest strengths.
2570
02:05:20,720 --> 02:05:22,560
So, I would love to
learn more in the Board Room.
2571
02:05:22,920 --> 02:05:24,270
Wow, amazing.
2572
02:05:24,280 --> 02:05:26,470
- The first buzzer came so soon.
- Very fast...
2573
02:05:26,480 --> 02:05:27,880
And coming from Dhruv.
2574
02:05:28,440 --> 02:05:31,480
What's on the mannequin?
Is this part of what you customised?
2575
02:05:31,640 --> 02:05:34,320
Yes. We customised this.
2576
02:05:35,840 --> 02:05:36,830
I would like to see it.
2577
02:05:36,840 --> 02:05:39,040
This is the velvet jacket
that we made for him.
2578
02:05:41,800 --> 02:05:42,950
This is very interesting.
2579
02:05:42,960 --> 02:05:44,030
How cool.
2580
02:05:44,040 --> 02:05:45,630
You can put this anywhere,
like behind the jacket.
2581
02:05:45,640 --> 02:05:46,990
Karan must have loved this.
2582
02:05:47,000 --> 02:05:49,160
- Yes, he loved it.
- Yes, his own face.
2583
02:05:50,040 --> 02:05:51,870
I love Manish and Karan Johar.
2584
02:05:51,880 --> 02:05:54,110
Because they are
no-nonsense talkers.
2585
02:05:54,120 --> 02:05:56,310
I want to put them in
a bag and take them home.
2586
02:05:56,320 --> 02:05:59,150
I told Karan sir that,
since you like this so much,
2587
02:05:59,160 --> 02:06:02,080
I am going to sell this
as a Karan Johar collection.
2588
02:06:03,600 --> 02:06:04,550
That's business.
2589
02:06:04,560 --> 02:06:07,240
On that note,
I think that's a very smart thought.
2590
02:06:07,520 --> 02:06:10,030
I would definitely like
to see you in the Board Room.
2591
02:06:10,040 --> 02:06:12,270
- Sure.
- And let's talk business.
2592
02:06:12,280 --> 02:06:13,670
Thank you.
2593
02:06:13,680 --> 02:06:15,800
Your business is so good.
2594
02:06:15,960 --> 02:06:17,030
You have cracked the business.
2595
02:06:17,040 --> 02:06:18,630
Let's sit together and talk numbers.
2596
02:06:18,640 --> 02:06:19,790
- Let's talk business.
- Great.
2597
02:06:19,800 --> 02:06:21,000
Thank you.
2598
02:06:21,640 --> 02:06:27,270
To scale any brand, design
and innovation are very important.
2599
02:06:27,280 --> 02:06:28,240
Right.
2600
02:06:28,480 --> 02:06:29,960
Stagnation comes at some point.
2601
02:06:30,720 --> 02:06:33,350
And I am not seeing that
innovation in your brand.
2602
02:06:33,360 --> 02:06:35,000
Even in your customisation...
2603
02:06:35,320 --> 02:06:36,960
It's nice, it's quirky.
2604
02:06:37,600 --> 02:06:39,440
You've played to the celebrity.
2605
02:06:39,720 --> 02:06:42,990
But is that garment very...
2606
02:06:43,000 --> 02:06:45,040
- But, sir...
- I want to add here that
2607
02:06:45,280 --> 02:06:50,920
people from tier 2 and tier 3 don't
know brands like Balenciaga and Gucci.
2608
02:06:52,680 --> 02:06:54,400
I told them to say this.
2609
02:06:55,680 --> 02:06:57,440
And real India wears this.
2610
02:06:58,240 --> 02:07:02,830
If you work on your design slightly,
your clientele will grow.
2611
02:07:02,840 --> 02:07:05,070
- Sure. Sure.
- So, we'll not only discuss investment,
2612
02:07:05,080 --> 02:07:07,670
but we'll also discuss creativity
in the Board Room.
2613
02:07:07,680 --> 02:07:09,030
- Oh, great.
- Wow!
2614
02:07:09,040 --> 02:07:11,280
- I didn't expect that.
- Congratulations!
2615
02:07:14,240 --> 02:07:15,790
Manish, what's so interesting
to me is that
2616
02:07:15,800 --> 02:07:17,710
so many times
we have a great designer
2617
02:07:17,720 --> 02:07:19,550
- with bad business sense. Right?
- Yeah.
2618
02:07:19,560 --> 02:07:20,910
Here's one sitting here.
No, no.
2619
02:07:20,920 --> 02:07:22,790
Yeah, right.
I don't know about great designer,
2620
02:07:22,800 --> 02:07:24,390
but I never had a business sense.
2621
02:07:24,400 --> 02:07:27,910
With them, despite having
limited design influence...
2622
02:07:27,920 --> 02:07:29,150
- Yeah.
- They...
2623
02:07:29,160 --> 02:07:30,990
But you know what,
that's what massy is.
2624
02:07:31,000 --> 02:07:32,390
- Yes.
- At the end of the day,
2625
02:07:32,400 --> 02:07:33,390
I just want to say,
2626
02:07:33,400 --> 02:07:35,350
you make massy films also,
2627
02:07:35,360 --> 02:07:36,990
- formula works.
- Correct.
2628
02:07:37,000 --> 02:07:41,920
All right, coming in hot
right now is DMOdot.
2629
02:07:50,400 --> 02:07:52,400
- How are you?
- Very good. How are you, Manish?
2630
02:07:52,640 --> 02:07:54,510
Did Karan enjoy his shoes?
2631
02:07:54,520 --> 02:07:56,750
I am very curious to know too.
2632
02:07:56,760 --> 02:07:57,760
Come, let's see.
2633
02:07:58,160 --> 02:08:01,630
I extensively follow
the shoes that you wear.
2634
02:08:01,640 --> 02:08:04,110
Keeping that in mind,
we designed a shoe.
2635
02:08:04,120 --> 02:08:05,190
The idea was
2636
02:08:05,200 --> 02:08:07,630
sometimes you're surrounded
by darkness in life.
2637
02:08:07,640 --> 02:08:11,310
But it's a person with
a golden heart who sails through.
2638
02:08:11,320 --> 02:08:15,510
And Karan comes out as someone who
has a pure and golden heart.
2639
02:08:15,520 --> 02:08:17,400
We wanted to display that
in our shoe.
2640
02:08:18,960 --> 02:08:20,550
DMOdot is investable.
2641
02:08:20,560 --> 02:08:23,040
DMOdot is going to do very well.
2642
02:08:23,680 --> 02:08:26,160
They made some
beautiful mojris for me,
2643
02:08:26,320 --> 02:08:27,670
with a beautiful golden heart.
2644
02:08:27,680 --> 02:08:28,750
Dull gold.
2645
02:08:28,760 --> 02:08:31,310
I really like their product
and I like their brand.
2646
02:08:31,320 --> 02:08:33,350
And let's get on to
the table with him again.
2647
02:08:33,360 --> 02:08:35,110
4.5 on 5.
2648
02:08:35,120 --> 02:08:36,110
Oh, yes.
2649
02:08:36,120 --> 02:08:37,150
Wow!
2650
02:08:37,160 --> 02:08:39,150
Wow, that's a high rating.
2651
02:08:39,160 --> 02:08:40,720
Congratulations, Abhishek.
2652
02:08:41,720 --> 02:08:42,590
Whoa!
2653
02:08:42,600 --> 02:08:44,960
4.5! This is the first time.
2654
02:08:45,160 --> 02:08:46,680
So, wow. Heart.
2655
02:08:47,040 --> 02:08:49,070
- Patent leather as well as suede.
- Yeah.
2656
02:08:49,080 --> 02:08:52,830
You can wear this on a suit
or an Indian sherwani.
2657
02:08:52,840 --> 02:08:55,230
Even with a bandhgala.
Very versatile.
2658
02:08:55,240 --> 02:08:56,790
I love the hint of bling.
2659
02:08:56,800 --> 02:08:57,760
Thank you.
2660
02:08:59,840 --> 02:09:01,790
So, how many customer do you have?
2661
02:09:01,800 --> 02:09:03,830
Basically, we were
an online-first brand.
2662
02:09:03,840 --> 02:09:05,230
Initially selling
through our website.
2663
02:09:05,240 --> 02:09:07,190
So, what happens is
people visit your site,
2664
02:09:07,200 --> 02:09:08,510
subscribe and then leave.
2665
02:09:08,520 --> 02:09:09,950
We have to convert them later.
2666
02:09:09,960 --> 02:09:12,270
Also, the difficulty with shoes is,
2667
02:09:12,280 --> 02:09:13,950
they must want to try it.
2668
02:09:13,960 --> 02:09:16,230
- Exactly.
- Do you have a return policy?
2669
02:09:16,240 --> 02:09:18,630
We have a free-return,
free-exchange policy.
2670
02:09:18,640 --> 02:09:20,430
Did you mention your retention rate?
2671
02:09:20,440 --> 02:09:21,310
- Sorry, I didn't follow.
- No.
2672
02:09:21,320 --> 02:09:25,030
So, the retention rate
will be around 25-30% right now.
2673
02:09:25,040 --> 02:09:26,630
Average ballpark 27%.
2674
02:09:26,640 --> 02:09:28,590
And this is over what
period of time, Abhishek?
2675
02:09:28,600 --> 02:09:31,270
Since the quality
of our shoes is so good,
2676
02:09:31,280 --> 02:09:33,680
they don't need to
buy another pair too soon.
2677
02:09:34,400 --> 02:09:36,240
That's fantastic.
2678
02:09:36,720 --> 02:09:38,960
With that kind of impression,
he will definitely get it.
2679
02:09:40,200 --> 02:09:41,910
They won't take him so soon.
2680
02:09:41,920 --> 02:09:43,550
They need their entertainment value.
2681
02:09:43,560 --> 02:09:45,190
Entertainment, glamour.
2682
02:09:45,200 --> 02:09:46,310
The man's got it all.
2683
02:09:46,320 --> 02:09:50,390
Abhishek,
from showcasing to customisation,
2684
02:09:50,400 --> 02:09:51,830
you have not disappointed me.
2685
02:09:51,840 --> 02:09:53,440
- He's your Love, Kiki.
- Yes.
2686
02:09:56,560 --> 02:09:58,190
I want to see you in the Board Room.
2687
02:09:58,200 --> 02:10:01,190
I want to talk business with DMOdot.
2688
02:10:01,200 --> 02:10:02,720
You know, I am conflicted
2689
02:10:03,680 --> 02:10:06,200
- because his retention rate is at 27%.
- Yes.
2690
02:10:08,040 --> 02:10:09,240
I think I'll hold back.
2691
02:10:10,720 --> 02:10:12,710
I think you're making
a wise decision for him
2692
02:10:12,720 --> 02:10:15,320
because you've already been
in the Board Room once.
2693
02:10:15,640 --> 02:10:17,430
If we take him
to the Board Room now,
2694
02:10:17,440 --> 02:10:19,950
I think he won't get much
further than the last offer.
2695
02:10:19,960 --> 02:10:22,640
Correct. If I'm getting the same deal,
then I don't want to go.
2696
02:10:25,320 --> 02:10:28,520
I want to demonstrate what else
I'm capable of, which is what I feel.
2697
02:10:30,000 --> 02:10:32,750
I don't think it was a risky move
2698
02:10:32,760 --> 02:10:34,680
because I believe in my brand.
2699
02:10:34,840 --> 02:10:37,120
Frankly, if Karan Johar says,
2700
02:10:37,400 --> 02:10:40,550
"I give 4.5 out
of 5 stars to Abhishek,"
2701
02:10:40,560 --> 02:10:42,600
that's all I need right now.
2702
02:10:43,080 --> 02:10:44,640
I love that statement you gave.
2703
02:10:45,360 --> 02:10:46,750
Yeah. That was classic.
2704
02:10:46,760 --> 02:10:48,240
- That was total. I clapped.
- Yeah.
2705
02:10:48,680 --> 02:10:52,680
Okay, let's call the new-age boy
Gaurav from Linetribe.
2706
02:10:59,000 --> 02:10:59,910
Hi, Angels.
2707
02:10:59,920 --> 02:11:01,270
Hi, Gaurav. How are you?
2708
02:11:01,280 --> 02:11:02,270
- I am well.
- First, let me say
2709
02:11:02,280 --> 02:11:03,190
I love what you are wearing.
2710
02:11:03,200 --> 02:11:04,110
Thank you.
2711
02:11:04,120 --> 02:11:05,430
One look and I can say
2712
02:11:05,440 --> 02:11:07,720
- I could be a happy customer.
- Thank you so much.
2713
02:11:08,200 --> 02:11:10,640
Let's see what Karan and Sara said.
2714
02:11:12,280 --> 02:11:13,710
Sara, basically,
2715
02:11:13,720 --> 02:11:16,400
- it's a classic Linetribe pantsuit.
- Very nice.
2716
02:11:16,640 --> 02:11:18,350
We do a lot of hand-ruching.
2717
02:11:18,360 --> 02:11:19,750
All of this is hand-done.
2718
02:11:19,760 --> 02:11:20,750
So, it gives that little shape.
2719
02:11:20,760 --> 02:11:21,920
It gives you a cinch.
2720
02:11:22,200 --> 02:11:23,270
How cool.
2721
02:11:23,280 --> 02:11:24,830
This is what I loved the last time.
2722
02:11:24,840 --> 02:11:28,030
In the last challenge, Sara,
Karan loved my denim look.
2723
02:11:28,040 --> 02:11:30,670
Of course, he wears a lot of denim
for the airport, et cetera.
2724
02:11:30,680 --> 02:11:32,550
Oh, my God.
2725
02:11:32,560 --> 02:11:34,030
It's saying "toodles" to the paps.
2726
02:11:34,040 --> 02:11:36,560
- This is very cool.
- I love it.
2727
02:11:37,360 --> 02:11:38,710
- Is that a bomber jacket?
- It is a bomber.
2728
02:11:38,720 --> 02:11:39,670
I love it.
2729
02:11:39,680 --> 02:11:45,190
We've written what you are,
which is an icon.
2730
02:11:45,200 --> 02:11:46,150
How cool.
2731
02:11:46,160 --> 02:11:47,870
I really liked Linetribe.
2732
02:11:47,880 --> 02:11:49,550
The silhouette they showed me...
2733
02:11:49,560 --> 02:11:52,120
It was a familiar
but new silhouette.
2734
02:11:52,960 --> 02:11:54,910
There was a cinching on the waist,
2735
02:11:54,920 --> 02:11:59,910
which can make the shape and fit
pretty interesting and young.
2736
02:11:59,920 --> 02:12:01,190
The colours were also nice.
2737
02:12:01,200 --> 02:12:02,190
I love purple.
2738
02:12:02,200 --> 02:12:04,950
I found it to be
a new, high-fashion,
2739
02:12:04,960 --> 02:12:08,030
and also gives a nice shape
to the body, I think.
2740
02:12:08,040 --> 02:12:09,760
So, I'll give 5 out of 5.
2741
02:12:10,080 --> 02:12:12,000
- Oh, wow!
- Wow!
2742
02:12:12,720 --> 02:12:15,160
I really like Linetribe.
2743
02:12:15,760 --> 02:12:18,510
They knew I really
liked that denim overcoat.
2744
02:12:18,520 --> 02:12:20,790
So they made that
with "toodles" at the back.
2745
02:12:20,800 --> 02:12:23,840
A personalised detail,
which I really liked.
2746
02:12:24,120 --> 02:12:26,520
And other than that,
they made me a denim bomber jacket.
2747
02:12:26,680 --> 02:12:28,350
I like it. It's fashionable.
2748
02:12:28,360 --> 02:12:31,710
It's very much in the Dhruv Kapoor-
Kanika Goel brand space.
2749
02:12:31,720 --> 02:12:35,200
If I talk about the product,
I will give it a strong 4 out of 5.
2750
02:12:35,560 --> 02:12:37,270
That's a strong review from both.
2751
02:12:37,280 --> 02:12:38,550
Yes. Very strong.
2752
02:12:38,560 --> 02:12:39,880
Okay. Thank you.
2753
02:12:40,080 --> 02:12:41,670
What is your total number
of customers, Gaurav?
2754
02:12:41,680 --> 02:12:44,390
Currently between 3,600 and 3,700.
2755
02:12:44,400 --> 02:12:49,350
Out of these 3,500 customers,
how many bought this more than once?
2756
02:12:49,360 --> 02:12:51,950
About... 30% have come back to me.
2757
02:12:51,960 --> 02:12:52,920
It's slightly low.
2758
02:12:55,400 --> 02:12:57,430
What is the pricing of this jacket?
2759
02:12:57,440 --> 02:12:59,510
This one's ₹14,500. This is ₹20,000.
2760
02:12:59,520 --> 02:13:00,470
Twenty thousand?
2761
02:13:00,480 --> 02:13:01,680
It's 20K.
2762
02:13:02,400 --> 02:13:04,920
Sorry, you are pricing it like a...
2763
02:13:05,600 --> 02:13:07,910
A Dhruv Kapoor kind of pricing.
2764
02:13:07,920 --> 02:13:10,080
No, Malaika,
Dhruv is much more expensive.
2765
02:13:10,960 --> 02:13:13,510
Gaurav, fairly your product
is very interesting.
2766
02:13:13,520 --> 02:13:15,910
- You have a very defined positioning.
- Yes.
2767
02:13:15,920 --> 02:13:18,270
- But I think it's stuck in the middle.
- Right.
2768
02:13:18,280 --> 02:13:21,350
It seems like you haven't placed it
in the luxury market
2769
02:13:21,360 --> 02:13:23,750
where I can put it in
the premium category...
2770
02:13:23,760 --> 02:13:25,110
Where we compare...
2771
02:13:25,120 --> 02:13:27,390
One more thing,
unless I get invested in today.
2772
02:13:27,400 --> 02:13:29,150
But if you throw in
another challenge,
2773
02:13:29,160 --> 02:13:31,510
I can show you
my ready-to-wear collection,
2774
02:13:31,520 --> 02:13:32,870
which is under ₹15,000.
2775
02:13:32,880 --> 02:13:34,950
I would like
to see your other range.
2776
02:13:34,960 --> 02:13:36,550
I would love
to hear your pitch again.
2777
02:13:36,560 --> 02:13:38,640
And with that, I wish you luck.
2778
02:13:38,840 --> 02:13:40,800
Gaurav, you won't get
my buzzer today.
2779
02:13:41,520 --> 02:13:42,470
For two reasons...
2780
02:13:42,480 --> 02:13:44,440
Your return rate was slightly weak.
2781
02:13:45,080 --> 02:13:47,160
And secondly, I want to see more
2782
02:13:47,320 --> 02:13:50,000
so that we can see what
your right valuation should be.
2783
02:13:54,040 --> 02:13:57,560
Okay, Malaika said
it's a slightly expensive product.
2784
02:13:57,880 --> 02:13:59,560
Expensive?
I feel it's very well priced.
2785
02:13:59,720 --> 02:14:02,430
I did think these people shop
at all the best places
2786
02:14:02,440 --> 02:14:06,750
and they have the best
of the brands at their access.
2787
02:14:06,760 --> 02:14:08,640
So, I thought it wasn't...
2788
02:14:09,920 --> 02:14:11,350
a relevant point as such.
2789
02:14:11,360 --> 02:14:12,720
So, now...
2790
02:14:13,360 --> 02:14:14,430
Who is coming next, Manish?
2791
02:14:14,440 --> 02:14:16,150
- Talking Threads.
- Hi, everybody.
2792
02:14:16,160 --> 02:14:17,950
Should we see
what they did for Karan?
2793
02:14:17,960 --> 02:14:19,840
- Let's see. Let's see.
- I am so excited to see.
2794
02:14:20,160 --> 02:14:23,230
This is a personal
fangirl moment for me.
2795
02:14:23,240 --> 02:14:24,230
- Oh, wow.
- Right.
2796
02:14:24,240 --> 02:14:25,990
I wrote this for you.
2797
02:14:26,000 --> 02:14:28,430
See how our garments
can tell your story.
2798
02:14:28,440 --> 02:14:31,710
I picked up your book,
An Unsuitable Boy.
2799
02:14:31,720 --> 02:14:33,550
- Yes.
- Because I needed to read it.
2800
02:14:33,560 --> 02:14:36,070
I needed to get into
the skin of your character
2801
02:14:36,080 --> 02:14:38,110
to be able to see
what I can do for you.
2802
02:14:38,120 --> 02:14:40,150
I am honoured.
I am honoured and humbled.
2803
02:14:40,160 --> 02:14:42,830
This is from our wedding line.
2804
02:14:42,840 --> 02:14:45,390
Mostly worn for sangeet.
2805
02:14:45,400 --> 02:14:46,550
And this is lovely.
2806
02:14:46,560 --> 02:14:49,070
This part of your book, I cried.
2807
02:14:49,080 --> 02:14:50,880
That's what you call
customisation, right?
2808
02:14:51,320 --> 02:14:53,240
Talking Threads talks a lot.
2809
02:14:54,280 --> 02:14:55,590
They were beautiful.
2810
02:14:55,600 --> 02:14:57,550
They wrote a beautiful note.
2811
02:14:57,560 --> 02:14:59,710
Was it a bit playing to my gallery?
2812
02:14:59,720 --> 02:15:00,750
I think it was.
2813
02:15:00,760 --> 02:15:02,830
Did I buy that emotion?
I think I did.
2814
02:15:02,840 --> 02:15:04,880
Would I sell that emotion?
I am not sure.
2815
02:15:05,560 --> 02:15:09,150
Product is a... 3.5 out of 5.
2816
02:15:09,160 --> 02:15:11,030
Investible? Up for debate.
2817
02:15:11,040 --> 02:15:13,240
Don't go by everything I told them
because I was being nice.
2818
02:15:15,000 --> 02:15:16,750
I was pretty flabbergasted.
2819
02:15:16,760 --> 02:15:19,400
Karan's in-person reaction
2820
02:15:19,720 --> 02:15:23,630
and later he gave us
a rating of 3.5.
2821
02:15:23,640 --> 02:15:25,920
We expected more.
2822
02:15:26,320 --> 02:15:27,360
Disappointed.
2823
02:15:27,920 --> 02:15:30,790
So, can you tell us your number
of customers to date?
2824
02:15:30,800 --> 02:15:32,030
Transacted customers.
2825
02:15:32,040 --> 02:15:35,910
About... 2,500
across the last 4.5 years.
2826
02:15:35,920 --> 02:15:38,320
That's not a very
good conversion, right?
2827
02:15:39,680 --> 02:15:41,510
Out of your 2,500 customers,
2828
02:15:41,520 --> 02:15:43,670
how many of them were online
and how many offline?
2829
02:15:43,680 --> 02:15:46,830
Until 2023, all the orders
were primarily online.
2830
02:15:46,840 --> 02:15:49,070
And right now, you own one store.
2831
02:15:49,080 --> 02:15:50,790
- Yes.
- So, what is your business split now
2832
02:15:50,800 --> 02:15:52,350
- between online and offline?
- Fifty-fifty.
2833
02:15:52,360 --> 02:15:53,510
Does the store make money?
2834
02:15:53,520 --> 02:15:55,230
After paying rent and everything?
2835
02:15:55,240 --> 02:15:56,320
Not really.
2836
02:15:57,480 --> 02:15:58,710
See, I've said this before.
2837
02:15:58,720 --> 02:16:01,200
For me,
this space is very cluttered.
2838
02:16:02,280 --> 02:16:04,520
Right now, in four years,
2839
02:16:04,800 --> 02:16:07,350
your customer base is
still not very expansive.
2840
02:16:07,360 --> 02:16:08,630
- You all are still...
- Absolutely.
2841
02:16:08,640 --> 02:16:10,950
...trying to reach
a certain customer base.
2842
02:16:10,960 --> 02:16:13,310
Malaika, just as a...
2843
02:16:13,320 --> 02:16:14,800
a nudge over there.
2844
02:16:15,840 --> 02:16:17,870
Over the last two years,
we get 16 million...
2845
02:16:17,880 --> 02:16:20,710
between 14 and 16 million
"impressions" on Pinterest.
2846
02:16:20,720 --> 02:16:21,630
What you are seeing...
2847
02:16:21,640 --> 02:16:23,720
Since you shop for
physical products more,
2848
02:16:24,120 --> 02:16:28,920
maybe you've never been
on Pinterest.
2849
02:16:29,080 --> 02:16:30,480
No, you are very mistaken.
2850
02:16:31,400 --> 02:16:35,040
In fact, I think a lot
of our shopping happens online.
2851
02:16:37,680 --> 02:16:41,840
As an example, Manish, Anita Dongre
2852
02:16:42,320 --> 02:16:43,270
put together
2853
02:16:43,280 --> 02:16:46,840
have less than half the impressions
served on Pinterest than we do.
2854
02:16:49,920 --> 02:16:50,920
Is that a fact?
2855
02:16:51,160 --> 02:16:52,670
I don't know.
2856
02:16:52,680 --> 02:16:54,440
That's an easily researchable fact.
2857
02:16:55,240 --> 02:16:57,030
Gaurav, what is
the Instagram stat for that?
2858
02:16:57,040 --> 02:17:00,800
Meta platforms, we're getting about
1.5 million impressions a month.
2859
02:17:00,960 --> 02:17:03,190
But then why is it not
converting to sales, guys?
2860
02:17:03,200 --> 02:17:05,430
Do these impressions actually
convert to customers?
2861
02:17:05,440 --> 02:17:06,880
- They don't because it's only 2,500.
- Exactly.
2862
02:17:09,000 --> 02:17:11,390
Do your online customers
drop a review anywhere?
2863
02:17:11,400 --> 02:17:12,670
- Absolutely.
- Many of them.
2864
02:17:12,680 --> 02:17:14,710
Between 4 and 5 for everything.
2865
02:17:14,720 --> 02:17:16,230
- Or 4.5... on Google.
- Everywhere.
2866
02:17:16,240 --> 02:17:18,470
Judge.me has extensive reviews.
2867
02:17:18,480 --> 02:17:20,630
I don't know why,
just felt like checking their profile
2868
02:17:20,640 --> 02:17:21,990
- on Instagram.
- Yeah.
2869
02:17:22,000 --> 02:17:26,790
I just noticed that
all the comment option
2870
02:17:26,800 --> 02:17:28,440
on their profile is turned off.
2871
02:17:33,040 --> 02:17:34,990
Pearl, Gaurav,
we've understood a lot
2872
02:17:35,000 --> 02:17:37,230
about your business
in the past three episodes.
2873
02:17:37,240 --> 02:17:38,870
You seem like a numbers-driven guy.
2874
02:17:38,880 --> 02:17:40,390
- Yes.
- I am dying to understand.
2875
02:17:40,400 --> 02:17:42,710
Deep dive into the numbers
more with you, right here.
2876
02:17:42,720 --> 02:17:44,280
So, let's talk business.
2877
02:17:44,800 --> 02:17:46,070
Amazing. Amazing.
2878
02:17:46,080 --> 02:17:47,520
- Thank you, sir. Appreciate it.
- Thank you.
2879
02:17:47,800 --> 02:17:50,230
I feel you are thinking
about too many things.
2880
02:17:50,240 --> 02:17:53,030
Your concentration is on your work,
and your work is good.
2881
02:17:53,040 --> 02:17:54,920
If you get the investment,
2882
02:17:55,400 --> 02:17:57,760
then invest it in your brand.
2883
02:17:58,080 --> 02:18:00,190
Take it to more people.
2884
02:18:00,200 --> 02:18:01,430
So, you have my buzzer.
2885
02:18:01,440 --> 02:18:02,390
Wow.
2886
02:18:02,400 --> 02:18:06,320
And support.
And I just hope it can get better.
2887
02:18:06,760 --> 02:18:07,990
- Thank you.
- Appreciate it very much.
2888
02:18:08,000 --> 02:18:11,480
I was very impressed by the fact that
you hustled overnight,
2889
02:18:11,680 --> 02:18:12,790
went to Delhi,
2890
02:18:12,800 --> 02:18:14,510
made your whole team work overnight
2891
02:18:14,520 --> 02:18:17,110
to make a beautiful outfit
for Karan.
2892
02:18:17,120 --> 02:18:19,110
Just based on the fact
that you worked
2893
02:18:19,120 --> 02:18:21,400
so hard to get this far
on this stage,
2894
02:18:21,640 --> 02:18:24,480
it makes sense for me to learn more
about you guys in the Board Room.
2895
02:18:24,800 --> 02:18:25,990
Let's talk business.
2896
02:18:26,000 --> 02:18:27,150
- Thank you.
- Thank you so much, sir.
2897
02:18:27,160 --> 02:18:30,430
We're talking about customisation
and customer today.
2898
02:18:30,440 --> 02:18:35,270
You have spoken extensively about your
impressions on Pinterest, et cetera.
2899
02:18:35,280 --> 02:18:40,800
As far as I know, those impressions
are not converting to customers.
2900
02:18:42,560 --> 02:18:45,990
I love your enthusiasm.
I love how you come over here.
2901
02:18:46,000 --> 02:18:47,960
But you've got to
forgive me this time.
2902
02:18:49,440 --> 02:18:51,870
I won't be hitting the buzzer.
2903
02:18:51,880 --> 02:18:54,200
But I will see you in
the next pitch, Talking Threads.
2904
02:18:54,920 --> 02:18:57,000
- Perfect.
- No worries. Thank you.
2905
02:18:59,040 --> 02:19:01,910
I didn't know reviews
were such a thing.
2906
02:19:01,920 --> 02:19:04,830
I have never checked any reviews.
2907
02:19:04,840 --> 02:19:06,070
Always sales.
2908
02:19:06,080 --> 02:19:10,080
Honestly, there's a very big red flag
if they have cut their comments off.
2909
02:19:10,200 --> 02:19:12,280
Manish, comparing
your Instagram impressions
2910
02:19:12,280 --> 02:19:14,270
to themselves
is quite audacious.
2911
02:19:14,280 --> 02:19:15,630
- And then--
- Pinterest.
2912
02:19:15,640 --> 02:19:16,920
Pinterest impressions.
2913
02:19:17,080 --> 02:19:18,030
It's not legitimate.
2914
02:19:18,040 --> 02:19:20,390
They picked a platform which
Manish is not on. Pinterest.
2915
02:19:20,400 --> 02:19:22,080
And say that I am double...
2916
02:19:23,320 --> 02:19:25,110
I have switched off comments
because,
2917
02:19:25,120 --> 02:19:31,400
if there is a picture of a bride
and groom hugging each other,
2918
02:19:31,880 --> 02:19:36,270
someone may post
crappy comments.
2919
02:19:36,280 --> 02:19:38,680
You cannot stop them because
you're on a public platform.
2920
02:19:38,840 --> 02:19:42,440
I don't have a problem
with my brand getting trolled.
2921
02:19:42,640 --> 02:19:45,190
I have an issue with
my customers being trolled.
2922
02:19:45,200 --> 02:19:47,510
Back from the battlefield?
2923
02:19:47,520 --> 02:19:48,470
Yes.
2924
02:19:48,480 --> 02:19:50,390
Did you have to mention Pinterest?
2925
02:19:50,400 --> 02:19:51,390
Why not?
2926
02:19:51,400 --> 02:19:54,680
You overdo it.
That's why they tell you to go home.
2927
02:19:54,920 --> 02:19:55,920
We got three.
2928
02:19:56,400 --> 02:19:57,790
Except for Aunty.
2929
02:19:57,800 --> 02:19:59,150
- Whose?
- Malaika's.
2930
02:19:59,160 --> 02:20:00,400
She is not an aunty.
2931
02:20:01,120 --> 02:20:02,160
Hello.
2932
02:20:02,840 --> 02:20:04,280
Jhansi's Queen is here.
2933
02:20:04,680 --> 02:20:05,640
Okay.
2934
02:20:05,800 --> 02:20:09,680
We have our very own
home-grown vegan brand Vyakti.
2935
02:20:18,320 --> 02:20:19,550
Your walk...
2936
02:20:19,560 --> 02:20:20,550
I loved it.
2937
02:20:20,560 --> 02:20:21,950
I want to show your walk.
2938
02:20:21,960 --> 02:20:25,120
I still haven't developed
this confidence.
2939
02:20:40,440 --> 02:20:41,400
Wow!
2940
02:20:41,760 --> 02:20:43,560
That's the kind of confidence
you should have.
2941
02:20:44,200 --> 02:20:46,630
- Okay, let's just dive right in.
- Yes.
2942
02:20:46,640 --> 02:20:49,030
You customised something for Sara.
2943
02:20:49,040 --> 02:20:50,120
Shall we take a look?
2944
02:20:50,560 --> 02:20:52,080
After what we read about you,
2945
02:20:52,280 --> 02:20:54,790
we curated three products for you.
2946
02:20:54,800 --> 02:20:56,200
And we called this collection...
2947
02:20:56,400 --> 02:20:57,670
Sara Ke Saare Bags.
2948
02:20:57,680 --> 02:20:58,670
Very nice.
2949
02:20:58,680 --> 02:21:00,120
This is one of the bags we made.
2950
02:21:00,520 --> 02:21:03,960
- Very nice.
- You can use this as a tote bag.
2951
02:21:04,360 --> 02:21:05,800
Then we've given an attachment.
2952
02:21:06,000 --> 02:21:07,990
- You can also use it as a handbag.
- Very nice.
2953
02:21:08,000 --> 02:21:10,110
- You can also use it as a backpack.
- How?
2954
02:21:10,120 --> 02:21:12,240
This attachment
we've given at the back...
2955
02:21:12,560 --> 02:21:13,710
- I got it. I got it.
- Go in,
2956
02:21:13,720 --> 02:21:15,270
and you can use it as a backpack.
2957
02:21:15,280 --> 02:21:16,360
How cool.
2958
02:21:17,560 --> 02:21:18,880
Very nice.
2959
02:21:19,160 --> 02:21:20,160
This is made out of?
2960
02:21:20,160 --> 02:21:21,790
This is made out of
banana and cactus leather.
2961
02:21:21,800 --> 02:21:25,360
The linings are made from
cactus and the base is banana.
2962
02:21:25,560 --> 02:21:26,680
- Banana...
- Very cool.
2963
02:21:28,400 --> 02:21:32,070
The bag which they gave me
has a nice utility.
2964
02:21:32,080 --> 02:21:35,350
It was like a tote bag,
which can carry many things.
2965
02:21:35,360 --> 02:21:37,280
But it also converts
into a backpack.
2966
02:21:37,560 --> 02:21:38,920
And there's a clasp as well.
2967
02:21:39,160 --> 02:21:42,910
So, I really liked it.
I found it unique, interesting.
2968
02:21:42,920 --> 02:21:44,880
My rating for them
would be 4 out of 5.
2969
02:21:45,800 --> 02:21:47,270
Which plant-based leather is this?
2970
02:21:47,280 --> 02:21:48,910
This is a banana,
and this is a cactus.
2971
02:21:48,920 --> 02:21:51,070
- Cactus.
- This makes it a handbag.
2972
02:21:51,080 --> 02:21:53,030
And you can pull the belt
at the back,
2973
02:21:53,040 --> 02:21:54,910
- and it can turn into a backpack.
- Backpack.
2974
02:21:54,920 --> 02:21:55,990
Nice.
2975
02:21:56,000 --> 02:21:58,520
So that you have three purposes
with one bag.
2976
02:21:58,920 --> 02:22:00,190
It's quite nice. Lovely.
2977
02:22:00,200 --> 02:22:01,440
- Very nice.
- Thank you.
2978
02:22:07,960 --> 02:22:09,190
How many customers
do you currently have?
2979
02:22:09,200 --> 02:22:11,630
We could get only 100 customers.
2980
02:22:11,640 --> 02:22:12,710
What was your ask?
2981
02:22:12,720 --> 02:22:14,750
-₹60 lakh for--
-₹60 lakh for 30%.
2982
02:22:14,760 --> 02:22:16,670
And what was your valuation?
2983
02:22:16,680 --> 02:22:17,880
₹2 crore.
2984
02:22:18,120 --> 02:22:19,230
But you haven't even begun
your journey,
2985
02:22:19,240 --> 02:22:21,080
and you've already reached
a valuation of ₹2 crore.
2986
02:22:23,240 --> 02:22:26,280
Actually, Manish, the theme
of the next pitch is sustainability.
2987
02:22:26,640 --> 02:22:27,630
- Okay.
- I am...
2988
02:22:27,640 --> 02:22:29,190
- So, I'm selfishly--
- Which is their strong point.
2989
02:22:29,200 --> 02:22:31,280
I am selfishly holding
back the buzzer.
2990
02:22:33,080 --> 02:22:34,590
- Actually, it's perfect.
- Right.
2991
02:22:34,600 --> 02:22:36,760
I think we should
wait to see what you do
2992
02:22:37,120 --> 02:22:38,960
because that's your domain.
2993
02:22:39,080 --> 02:22:42,400
So, I won't press the buzzer
today either, in this round.
2994
02:22:46,200 --> 02:22:47,350
It wasn't a zero buzzer.
2995
02:22:47,360 --> 02:22:51,790
We claim we are a sustainable brand,
our process is very unique,
2996
02:22:51,800 --> 02:22:55,440
so the Angels want to see
what we do in that challenge.
2997
02:22:57,120 --> 02:23:00,320
We've tried to give
an Indo-Western feel.
2998
02:23:00,480 --> 02:23:02,960
Lovely. Lovely colour.
It's like a soft blue.
2999
02:23:06,240 --> 02:23:08,230
We've stitched a secret pocket
right here,
3000
02:23:08,240 --> 02:23:10,000
positioned directly over your heart.
3001
02:23:10,280 --> 02:23:12,270
We have these small blocks.
3002
02:23:12,280 --> 02:23:14,990
And we'll use them with the colour
and put them over here.
3003
02:23:15,000 --> 02:23:17,190
So, every time in your moments
of weakness...
3004
02:23:17,200 --> 02:23:19,070
whenever you feel very nervous,
3005
02:23:19,080 --> 02:23:20,870
you will have something
very close to your heart.
3006
02:23:20,880 --> 02:23:23,750
So close to my heart
are my mom and my children.
3007
02:23:23,760 --> 02:23:26,040
Yash, Ruhi and Hiroo.
3008
02:23:27,120 --> 02:23:28,240
It's YRH.
3009
02:23:29,080 --> 02:23:31,280
The pockets are too good.
Really nice.
3010
02:23:33,080 --> 02:23:36,270
Banana Labs,
I felt their product was nice.
3011
02:23:36,280 --> 02:23:38,680
Something that I don't think
I would personally wear.
3012
02:23:38,920 --> 02:23:40,990
I do think... I would
still want the products, please.
3013
02:23:41,000 --> 02:23:42,150
Don't get me wrong.
3014
02:23:42,160 --> 02:23:44,830
Because there are some things
I can wear otherwise.
3015
02:23:44,840 --> 02:23:47,160
Do I think there
can be a business plan?
3016
02:23:47,520 --> 02:23:50,160
It's up for debate.
I would give the product 3 out of 5.
3017
02:23:51,680 --> 02:23:53,790
Karan is a very difficult person
to please.
3018
02:23:53,800 --> 02:23:59,680
Even those whose products he liked
didn't get 5 out of 5.
3019
02:24:00,040 --> 02:24:02,910
You will need new customers
to scale.
3020
02:24:02,920 --> 02:24:03,910
So, I have a question.
3021
02:24:03,920 --> 02:24:07,550
Your marketplace,
which is your majority revenue...
3022
02:24:07,560 --> 02:24:09,670
I am assuming that,
between your website and marketplace,
3023
02:24:09,680 --> 02:24:11,070
the marketplace must be quite big.
3024
02:24:11,080 --> 02:24:13,710
No, no, actually,
it's our website which is more.
3025
02:24:13,720 --> 02:24:15,950
And do you make money
on every order?
3026
02:24:15,960 --> 02:24:16,870
Yes, sir.
3027
02:24:16,880 --> 02:24:19,030
After paying Facebook,
Google and marketing costs?
3028
02:24:19,040 --> 02:24:21,790
Yes, sir.
Our ROAS is between ₹4 and ₹4.5.
3029
02:24:21,800 --> 02:24:22,870
That is amazing.
3030
02:24:22,880 --> 02:24:26,040
Just on those numbers,
it's a "let's talk business."
3031
02:24:27,040 --> 02:24:30,350
There are several brands
who do block printing
3032
02:24:30,360 --> 02:24:31,910
and have a library.
3033
02:24:31,920 --> 02:24:34,750
Like Good Earth,
Anokhi and Fabindia,
3034
02:24:34,760 --> 02:24:36,870
who have created an identity
for themselves.
3035
02:24:36,880 --> 02:24:38,830
So, what identity do you
want to create for yourself?
3036
02:24:38,840 --> 02:24:40,830
Because right now,
when I see your work,
3037
02:24:40,840 --> 02:24:42,470
I look at a lot of stripes.
3038
02:24:42,480 --> 02:24:46,030
Horizontal, vertical, geometrical.
All of that.
3039
02:24:46,040 --> 02:24:48,950
Is that going to be your forte?
Do you want to keep it modern?
3040
02:24:48,960 --> 02:24:51,590
We want to keep a very
global design language.
3041
02:24:51,600 --> 02:24:54,110
So... if it's flowers,
paisley and leaves,
3042
02:24:54,120 --> 02:24:56,870
that is mostly what
India is signified as.
3043
02:24:56,880 --> 02:24:58,230
Yeah, and paisleys are overdone.
3044
02:24:58,240 --> 02:25:00,120
So, good.
Let's meet in the Board Room then.
3045
02:25:00,680 --> 02:25:01,630
Thank you.
3046
02:25:01,640 --> 02:25:05,640
Mariam and Nusrat, I think you have
stronger themes to showcase ahead.
3047
02:25:06,600 --> 02:25:09,350
I would like to understand
your brand on more levels.
3048
02:25:09,360 --> 02:25:10,630
Based on just the customer,
3049
02:25:10,640 --> 02:25:13,680
definitely there's some attraction
and it does have an audience.
3050
02:25:14,000 --> 02:25:15,840
But would I say
that is your biggest strength
3051
02:25:16,000 --> 02:25:17,390
according to the pitches I've heard?
3052
02:25:17,400 --> 02:25:19,560
I would personally disagree so far.
3053
02:25:21,520 --> 02:25:23,680
I do feel like
we have a lot of potential.
3054
02:25:23,920 --> 02:25:26,190
But we are also like a peacock.
3055
02:25:26,200 --> 02:25:28,950
We're going to
outshine slowly-slowly.
3056
02:25:28,960 --> 02:25:31,310
So you all have to
be tuned in to see us
3057
02:25:31,320 --> 02:25:33,110
and see our journey as we move on.
3058
02:25:33,120 --> 02:25:36,040
Okay, up next
we have House of Armuse.
3059
02:25:43,720 --> 02:25:44,710
Ayushi and Vansh.
3060
02:25:44,720 --> 02:25:46,190
Firstly, Ayushi,
you're looking lovely today.
3061
02:25:46,200 --> 02:25:47,110
Thank you so much.
3062
02:25:47,120 --> 02:25:49,990
You customised something
for Karan and Sara.
3063
02:25:50,000 --> 02:25:51,400
- Should we take a look?
- Absolutely.
3064
02:25:51,640 --> 02:25:52,720
Very curious.
3065
02:25:57,600 --> 02:26:01,110
When I see you, I don't feel someone
who wears something too formal.
3066
02:26:01,120 --> 02:26:03,080
So we gave it
a slight, informal view.
3067
02:26:03,240 --> 02:26:05,070
And we ended up making
a wrap-around skirt.
3068
02:26:05,080 --> 02:26:06,070
- Oh, nice.
- With a crop top
3069
02:26:06,080 --> 02:26:07,350
and an interesting drape.
3070
02:26:07,360 --> 02:26:10,910
Because when I look at you, I look
at someone very edgy, vivacious,
3071
02:26:10,920 --> 02:26:14,200
but at the same time, you have
a certain sense of royalty to you.
3072
02:26:14,360 --> 02:26:15,350
How sweet.
3073
02:26:15,360 --> 02:26:18,960
This takes about 500 man-hours
to create pieces like these.
3074
02:26:19,640 --> 02:26:21,230
It's pure artistry, as we say.
3075
02:26:21,240 --> 02:26:23,150
The artistry is everything.
3076
02:26:23,160 --> 02:26:26,200
Yeah, because of
the intricate details.
3077
02:26:26,360 --> 02:26:28,910
And we've done
something for Karan also. Karan.
3078
02:26:28,920 --> 02:26:30,390
It's a short sherwani, basically.
3079
02:26:30,400 --> 02:26:31,630
Yeah, it's a short sherwani.
3080
02:26:31,640 --> 02:26:32,840
Oh, this is lovely.
3081
02:26:33,240 --> 02:26:35,520
Thank you so much for these goodies.
It's amazing.
3082
02:26:36,800 --> 02:26:37,950
House of Armuse.
3083
02:26:37,960 --> 02:26:40,880
I think their work is beautiful.
3084
02:26:42,160 --> 02:26:44,040
I really liked
what they had made for Sara.
3085
02:26:44,880 --> 02:26:46,510
Maybe it's not for
everyone's aesthetic,
3086
02:26:46,520 --> 02:26:49,070
but I feel the embroidery
was very nice.
3087
02:26:49,080 --> 02:26:52,520
I specifically liked the white
sherwani that they stitched for me.
3088
02:26:52,880 --> 02:26:54,710
A 3.5 out of 5.
3089
02:26:54,720 --> 02:26:56,120
- Lovely.
- Not bad.
3090
02:26:56,880 --> 02:26:59,310
What will be
the price point of the...
3091
02:26:59,320 --> 02:27:01,790
So, Sara's outfit is ranged between
3092
02:27:01,800 --> 02:27:04,320
₹1.20-1.25 lakh, I would say.
3093
02:27:04,760 --> 02:27:08,320
This would be a three-piece set,
somewhere around ₹58,000.
3094
02:27:08,720 --> 02:27:09,910
This would be around ₹52,000.
3095
02:27:09,920 --> 02:27:11,150
Very good pricing.
3096
02:27:11,160 --> 02:27:12,110
At this range,
3097
02:27:12,120 --> 02:27:14,190
it's a very sweet spot
that you have solved.
3098
02:27:14,200 --> 02:27:17,710
There's a very big market that
doesn't want to break the bank
3099
02:27:17,720 --> 02:27:19,800
on their one investment
for one night.
3100
02:27:19,960 --> 02:27:21,470
I would like to chat more.
Let's talk business.
3101
02:27:21,480 --> 02:27:23,240
All right. Thank you.
3102
02:27:23,520 --> 02:27:25,760
As of today, how many
customers do you have?
3103
02:27:25,960 --> 02:27:29,040
15,000 and standing.
15,000 families.
3104
02:27:29,200 --> 02:27:31,950
Okay, on that note, for me...
I really liked it.
3105
02:27:31,960 --> 02:27:35,550
I feel the quality,
the customisation and the price point.
3106
02:27:35,560 --> 02:27:36,760
Let's talk business.
3107
02:27:37,400 --> 02:27:38,270
Thank you so much.
3108
02:27:38,280 --> 02:27:42,870
One thing I wanted to ask you is, what
is your average spend per customer?
3109
02:27:42,880 --> 02:27:45,510
Per customer,
it's about ₹75,000 to ₹80,000.
3110
02:27:45,520 --> 02:27:47,030
When we talk about an entire family,
3111
02:27:47,040 --> 02:27:49,110
the billing comes to
₹2.5-₹3 lakh.
3112
02:27:49,120 --> 02:27:52,030
The thing I like the most about them
3113
02:27:52,040 --> 02:27:54,110
is that their customer base
is sizeable.
3114
02:27:54,120 --> 02:27:55,270
It's not a small customer base.
3115
02:27:55,280 --> 02:27:58,560
And their share of wallet
per customer is ₹2 lakh.
3116
02:27:59,000 --> 02:28:01,200
That for me is...
3117
02:28:01,360 --> 02:28:03,190
Let's go into the Board Room
and let's talk business.
3118
02:28:03,200 --> 02:28:04,070
Love to talk.
3119
02:28:04,080 --> 02:28:05,870
- Thank you, sir.
- Really looking forward.
3120
02:28:05,880 --> 02:28:06,840
Wow.
3121
02:28:08,040 --> 02:28:09,360
Let's see you in the Board Room.
3122
02:28:10,000 --> 02:28:11,560
- Looking forward...
- Wow.
3123
02:28:11,920 --> 02:28:13,200
So, House of Armuse.
3124
02:28:13,880 --> 02:28:15,270
Congratulations to you as well.
3125
02:28:15,280 --> 02:28:16,720
And you same to you...
3126
02:28:16,880 --> 02:28:19,910
When you said half the people
don't know Balenciaga...
3127
02:28:19,920 --> 02:28:23,480
- That was well played!
- ...that was really fun.
3128
02:28:26,120 --> 02:28:28,040
I love the orange bag.
3129
02:28:28,480 --> 02:28:30,670
"Hey, KJo. You've given us
all those big Bollywood moments,
3130
02:28:30,680 --> 02:28:32,990
"and enough Koffee gossip
to last a lifetime.
3131
02:28:33,000 --> 02:28:34,950
"So, we thought, what could
Banana Club possibly do
3132
02:28:34,960 --> 02:28:37,640
"to bring a smile to the man
who's brought us so many smiles?
3133
02:28:37,880 --> 02:28:38,950
"Here's a little something from us.
3134
02:28:38,960 --> 02:28:41,510
"A custom jacket with Ruhi
and Yash's names on the back."
3135
02:28:41,520 --> 02:28:42,840
Aww, I already love it.
3136
02:28:43,120 --> 02:28:44,990
"So your two favourite
humans are always with you.
3137
02:28:45,000 --> 02:28:46,470
"Even on days
when they are running the show
3138
02:28:46,480 --> 02:28:48,480
"and making you feel like
the coolest dad in Bollywood."
3139
02:28:49,480 --> 02:28:51,110
I think I love this.
I don't need to open this.
3140
02:28:51,120 --> 02:28:52,430
They have done a really smart thing.
3141
02:28:52,440 --> 02:28:53,750
- Very smart.
- That's it.
3142
02:28:53,760 --> 02:28:55,430
This is what we do.
3143
02:28:55,440 --> 02:28:56,870
We play on the emotion.
3144
02:28:56,880 --> 02:28:58,790
And you played to the gallery
with me.
3145
02:28:58,800 --> 02:29:00,630
"Here's to
the ultimate superstar dad.
3146
02:29:00,640 --> 02:29:03,070
"Stylish, sassy and one of a kind."
I love it.
3147
02:29:03,080 --> 02:29:04,630
How much money do you want?
₹15 crore?
3148
02:29:04,640 --> 02:29:06,360
- Take it.
- Thank you.
3149
02:29:06,880 --> 02:29:09,030
I love Banana Club,
and I'll tell you why.
3150
02:29:09,040 --> 02:29:13,390
I think India's answer to Zara, H&M,
to Pull&Bear, Jack & Jones.
3151
02:29:13,400 --> 02:29:14,550
I like Banana Club.
3152
02:29:14,560 --> 02:29:16,670
The product was a shacket in plaid.
3153
02:29:16,680 --> 02:29:19,990
I really liked it.
4 out of 5 on the product that I saw.
3154
02:29:20,000 --> 02:29:21,430
I really liked it.
I liked it a lot today.
3155
02:29:21,440 --> 02:29:23,190
Am I liking everything?
I think I'm in a good mood.
3156
02:29:23,200 --> 02:29:24,120
I am not sure.
3157
02:29:25,280 --> 02:29:27,560
- So, it all depends on his mood.
- Yes.
3158
02:29:28,520 --> 02:29:30,830
What is your total number
of customers till date?
3159
02:29:30,840 --> 02:29:33,320
We have 300,000 customers.
3160
02:29:33,640 --> 02:29:36,800
But every day,
we are adding 1,000 new customers.
3161
02:29:37,000 --> 02:29:37,990
I think, from day one,
3162
02:29:38,000 --> 02:29:41,910
we're very impressed with their
entire strategy, their business model.
3163
02:29:41,920 --> 02:29:45,310
So, I thought I should also check
their social media footprint as well.
3164
02:29:45,320 --> 02:29:48,800
I found a few negative comments...
Not much.
3165
02:29:49,040 --> 02:29:51,110
There were some comments
about delivery.
3166
02:29:51,120 --> 02:29:55,790
But what I really liked is their
response team replied on time.
3167
02:29:55,800 --> 02:29:56,750
Not only them,
3168
02:29:56,760 --> 02:30:00,630
Prashanth and Neel have also responded
from their personal accounts.
3169
02:30:00,640 --> 02:30:02,750
So that was very nice, very good.
3170
02:30:02,760 --> 02:30:04,840
Once again,
I am going to say Banana Club,
3171
02:30:05,200 --> 02:30:06,880
- let's talk business.
- Thank you.
3172
02:30:08,160 --> 02:30:11,200
According to me, your customer
knowledge is pretty deep.
3173
02:30:11,360 --> 02:30:12,760
So, you have my buzzer.
3174
02:30:13,200 --> 02:30:15,400
But as I press this buzzer,
I'd like to mention
3175
02:30:15,600 --> 02:30:17,830
that you've already
been in the Board Room once.
3176
02:30:17,840 --> 02:30:20,920
So, if you make it today,
this will be your final offer.
3177
02:30:22,800 --> 02:30:23,630
Nilesh, Prashanth.
3178
02:30:23,640 --> 02:30:25,880
You just said you have
3 lakh customers.
3179
02:30:26,120 --> 02:30:27,160
- Yes.
- Transacted.
3180
02:30:27,520 --> 02:30:29,800
How many of them have
bought a second time from you?
3181
02:30:30,000 --> 02:30:30,960
More than once.
3182
02:30:31,200 --> 02:30:33,430
More than once,
60,000 to 70,000, sir.
3183
02:30:33,440 --> 02:30:36,550
That makes your retention rate
at 25%.
3184
02:30:36,560 --> 02:30:38,400
And your ask is ₹300 crore
3185
02:30:41,040 --> 02:30:43,520
So, I would say that
I would hold back.
3186
02:30:44,360 --> 02:30:48,040
And hopefully, we're all excited to
see you all in the Board Room again.
3187
02:30:49,360 --> 02:30:52,110
Karan sir rated us four. Felt nice.
3188
02:30:52,120 --> 02:30:55,590
Honestly, we are not sad, because
we get to move forward in the show.
3189
02:30:55,600 --> 02:30:58,000
Otherwise, we may have had
to enter the Board Room,
3190
02:30:58,160 --> 02:31:00,830
which could have been
our last chance.
3191
02:31:00,840 --> 02:31:03,440
All right.
Up next we have Philocaly.
3192
02:31:04,080 --> 02:31:05,070
Hi, Angels.
3193
02:31:05,080 --> 02:31:06,110
Hello, how are you?
3194
02:31:06,120 --> 02:31:07,190
I am very good, sir.
3195
02:31:07,200 --> 02:31:09,550
As of today,
how many customers do you have?
3196
02:31:09,560 --> 02:31:12,750
Ma'am, we have 80,000 plus
customers from India and abroad.
3197
02:31:12,760 --> 02:31:15,030
So, we have customers
who are getting married,
3198
02:31:15,040 --> 02:31:18,110
or those who are trousseau
shopping for weddings.
3199
02:31:18,120 --> 02:31:22,670
And for formal wear, work wear,
office wear and semi-casual wear.
3200
02:31:22,680 --> 02:31:26,990
As you can see, the kind
of outfit we made for Karan sir.
3201
02:31:27,000 --> 02:31:29,240
- Oh, wow.
- It's minimal, versatile.
3202
02:31:29,360 --> 02:31:30,350
It's reusable.
3203
02:31:30,360 --> 02:31:34,640
Each and every element can be
used separately, with separate things.
3204
02:31:35,440 --> 02:31:39,230
This is a beautiful
100% cashmere jacket.
3205
02:31:39,240 --> 02:31:40,510
When we were doing our profiling,
3206
02:31:40,520 --> 02:31:43,870
I realised luxury
and fine craftsmanship
3207
02:31:43,880 --> 02:31:45,880
is something that
you really appreciate.
3208
02:31:46,080 --> 02:31:48,840
So, that's why I chose cashmere.
3209
02:31:49,720 --> 02:31:56,390
I feel my product is, by far, the best
from what I saw from other brands.
3210
02:31:56,400 --> 02:31:59,080
Philocaly really-really
impressed me today.
3211
02:32:00,160 --> 02:32:01,070
I really liked it.
3212
02:32:01,080 --> 02:32:03,240
They made cashmere
garments for me today.
3213
02:32:03,440 --> 02:32:05,070
Pure cashmere. 100%.
3214
02:32:05,080 --> 02:32:08,430
And I felt the fabric.
It was really fantastic.
3215
02:32:08,440 --> 02:32:12,080
But what struck me was
the quality and the finish.
3216
02:32:12,240 --> 02:32:15,790
So, as a product,
I would give it 4.5 out of 5.
3217
02:32:15,800 --> 02:32:17,760
- Wow.
- Very impressive.
3218
02:32:18,440 --> 02:32:24,120
From day one, I have had a big issue
with a young person like you
3219
02:32:25,680 --> 02:32:29,120
not concentrating
on design and finish.
3220
02:32:30,280 --> 02:32:34,360
It's a good thing that Karan liked it,
but I didn't like it at all.
3221
02:32:36,280 --> 02:32:39,270
Because if you look at the kurta,
which has been completely dyed,
3222
02:32:39,280 --> 02:32:40,880
it's full of puckering.
3223
02:32:41,080 --> 02:32:42,670
Even the tailoring is puckered.
3224
02:32:42,680 --> 02:32:46,390
Puckering is something
where I absolutely feel that
3225
02:32:46,400 --> 02:32:49,120
the brand's quality is
getting compromised, you know.
3226
02:32:49,280 --> 02:32:51,360
So, I am not going
to press the buzzer today.
3227
02:32:52,440 --> 02:32:56,600
I think Manish sir's review
for me was not fair.
3228
02:32:56,760 --> 02:33:00,400
The kurta was a custom-made
piece for Karan sir.
3229
02:33:00,800 --> 02:33:03,590
And it was worn by a mannequin
and not Karan sir.
3230
02:33:03,600 --> 02:33:08,840
So, when you put a piece made
for one person on another person,
3231
02:33:09,080 --> 02:33:10,470
then it's going to look uneven
3232
02:33:10,480 --> 02:33:14,200
and there are chances
of seeing some defects.
3233
02:33:14,360 --> 02:33:15,360
Hello, Angels.
3234
02:33:15,480 --> 02:33:17,040
Hello. Hi.
3235
02:33:17,200 --> 02:33:18,990
We want to show you an AV,
3236
02:33:19,000 --> 02:33:22,320
in which we want to
show how CloudTailor
3237
02:33:22,560 --> 02:33:24,990
is enabling global personalised
fashion through technology.
3238
02:33:25,000 --> 02:33:26,320
All right, let's have a look.
3239
02:33:27,440 --> 02:33:29,510
Start by logging into CloudTailor
3240
02:33:29,520 --> 02:33:31,680
to begin your personalised
design journey.
3241
02:33:32,480 --> 02:33:36,150
Collaborate with our designers and
upload any additional requirements
3242
02:33:36,160 --> 02:33:37,880
to bring your idea to life.
3243
02:33:39,800 --> 02:33:42,790
Once we've received your input,
we will sketch your design
3244
02:33:42,800 --> 02:33:45,320
and await your approval
before moving forward.
3245
02:33:48,560 --> 02:33:51,550
The pre-stitching process
begins with fabric inspection
3246
02:33:51,560 --> 02:33:53,720
and precise cutting
for the perfect fit.
3247
02:33:57,640 --> 02:34:00,560
You garment is almost complete
with final stitching,
3248
02:34:00,760 --> 02:34:03,360
quality control and
finishing touches applied.
3249
02:34:05,920 --> 02:34:06,790
Happy shopping,
3250
02:34:06,800 --> 02:34:10,080
and enjoy your one-of-a-kind
creation from CloudTailor.
3251
02:34:10,280 --> 02:34:11,200
Wow.
3252
02:34:11,640 --> 02:34:13,480
Where were you, guys?
3253
02:34:13,800 --> 02:34:14,800
We were right here.
3254
02:34:15,080 --> 02:34:17,120
- So, let's see what Karan has to say.
- Yeah. Yeah.
3255
02:34:20,440 --> 02:34:22,550
So, this is imported fabric.
3256
02:34:22,560 --> 02:34:25,960
You can see
the digital print of KJo.
3257
02:34:27,400 --> 02:34:29,470
- It's a co-ord set.
- I love co-ord sets.
3258
02:34:29,480 --> 02:34:31,790
And there is a little surprise
for you over the cuffs.
3259
02:34:31,800 --> 02:34:33,470
- It says KJo.
- No.
3260
02:34:33,480 --> 02:34:35,040
- It says "guts."
- "Guts."
3261
02:34:35,400 --> 02:34:36,360
Yes.
3262
02:34:36,520 --> 02:34:39,440
CloudTailor is 100% investible.
3263
02:34:40,200 --> 02:34:42,920
It's the future technology,
which they demonstrated to me.
3264
02:34:43,480 --> 02:34:46,640
Design... what they made for me...
three.
3265
02:34:46,880 --> 02:34:48,230
Sherwani, two.
3266
02:34:48,240 --> 02:34:49,990
So, the average is 2.5.
3267
02:34:50,000 --> 02:34:52,080
But technology, 5 out of 5.
3268
02:34:52,360 --> 02:34:54,190
Invest in the technology,
not the design.
3269
02:34:54,200 --> 02:34:55,360
Thank you, Karan.
3270
02:34:55,600 --> 02:34:58,760
If you want to talk about numbers,
then let's talk about numbers.
3271
02:34:59,120 --> 02:35:01,070
Our app is an iOS/Android app.
3272
02:35:01,080 --> 02:35:03,240
It's been downloaded 4.8 lakh times.
3273
02:35:03,400 --> 02:35:05,070
And the number of customers...
3274
02:35:05,080 --> 02:35:07,790
We've delivered more than 2 lakh
orders over three years.
3275
02:35:07,800 --> 02:35:10,950
This month we will cross
our last month's revenue.
3276
02:35:10,960 --> 02:35:13,550
This year, our revenue
will be ₹17 crore plus.
3277
02:35:13,560 --> 02:35:16,310
Our repeat customer rate is 44%.
3278
02:35:16,320 --> 02:35:20,440
So, your 12-month customer
retention cohort is 44%,
3279
02:35:20,600 --> 02:35:21,990
- which is a brilliant number.
- It's huge.
3280
02:35:22,000 --> 02:35:23,840
It's a brilliant number, guys.
3281
02:35:24,000 --> 02:35:25,510
The 44% that you mentioned,
3282
02:35:25,520 --> 02:35:27,230
how much do they spend?
3283
02:35:27,240 --> 02:35:29,200
₹7,800 is the average.
3284
02:35:29,360 --> 02:35:30,790
How much do they spend
on the first order?
3285
02:35:30,800 --> 02:35:33,390
Our first order is
between ₹1,500 and ₹1,600.
3286
02:35:33,400 --> 02:35:34,670
And then the ticket size
keeps growing.
3287
02:35:34,680 --> 02:35:36,430
What is your customer
acquisition cost?
3288
02:35:36,440 --> 02:35:38,870
Our customer acquisition
cost is 345 on average.
3289
02:35:38,880 --> 02:35:40,240
Are you profitable as a company?
3290
02:35:40,440 --> 02:35:42,110
Last month,
we were profitable by ₹3 lakh.
3291
02:35:42,120 --> 02:35:43,790
Very impressive.
Let's talk business.
3292
02:35:43,800 --> 02:35:45,440
- Wow.
- Thank you.
3293
02:35:46,040 --> 02:35:48,240
You have scale, potential.
3294
02:35:48,600 --> 02:35:50,630
So, I want to see you
in the Board Room.
3295
02:35:50,640 --> 02:35:52,390
And let's talk business.
3296
02:35:52,400 --> 02:35:54,080
- Thank you.
- Thank you.
3297
02:35:54,560 --> 02:35:56,840
Darpan, I have a contrary idea.
3298
02:35:58,160 --> 02:36:01,950
If another platform, with
an already bigger customer base...
3299
02:36:01,960 --> 02:36:05,400
- Correct.
- if they take this idea and copy it
3300
02:36:06,520 --> 02:36:09,240
and enter a similar supply base,
3301
02:36:09,400 --> 02:36:10,870
then what is your defendability?
3302
02:36:10,880 --> 02:36:13,110
That's why we are online
and offline.
3303
02:36:13,120 --> 02:36:16,470
Basically, Dhruv, their focus
and execution on this vertical
3304
02:36:16,480 --> 02:36:18,190
has been present for
the last couple of years.
3305
02:36:18,200 --> 02:36:20,190
- Right.
- The head start that they have built,
3306
02:36:20,200 --> 02:36:22,000
if someone else wants to do it,
3307
02:36:22,240 --> 02:36:23,430
it will take them a couple of years.
3308
02:36:23,440 --> 02:36:25,880
Until then, their 2 lakh customers
will convert to 20 lakh customers.
3309
02:36:27,520 --> 02:36:28,910
Okay, guys. Let's talk business.
3310
02:36:28,920 --> 02:36:30,400
- Thank you.
- See you in the Board Room.
3311
02:36:31,440 --> 02:36:34,830
I always feel that design
is key to everything.
3312
02:36:34,840 --> 02:36:37,320
But the idea
is even bigger than that.
3313
02:36:37,920 --> 02:36:41,110
And your idea is so fresh.
3314
02:36:41,120 --> 02:36:44,270
So, for that fantastic idea,
we're all here to support you.
3315
02:36:44,280 --> 02:36:46,110
And we must meet you
in the Board Room.
3316
02:36:46,120 --> 02:36:47,520
- Thank you.
- Thank you.
3317
02:36:48,000 --> 02:36:49,040
- Congratulations.
- Congratulations.
3318
02:36:50,640 --> 02:36:51,720
We're entering.
3319
02:36:51,920 --> 02:36:53,390
We must close a deal.
3320
02:36:53,400 --> 02:36:55,320
There's going to
be a solid negotiation.
3321
02:36:55,560 --> 02:36:57,310
We'll have a deal when we exit.
3322
02:36:57,320 --> 02:36:59,150
And focus on the business
after that.
3323
02:36:59,160 --> 02:37:01,110
Whoever is in the Board Room
for the first time,
3324
02:37:01,120 --> 02:37:03,190
unless you get exactly what you ask,
3325
02:37:03,200 --> 02:37:06,120
there is no motivation
to take the offer.
3326
02:37:06,280 --> 02:37:07,590
You would rather stay on
and come back.
3327
02:37:07,600 --> 02:37:10,430
But Dopplr got what
they asked for in one go.
3328
02:37:10,440 --> 02:37:12,670
That's what I am saying.
Unless you get your ask.
3329
02:37:12,680 --> 02:37:14,150
So, there is a chance
that you actually--
3330
02:37:14,160 --> 02:37:16,150
And all three have
very high asks, guys.
3331
02:37:16,160 --> 02:37:17,710
All three have massive asks.
3332
02:37:17,720 --> 02:37:20,030
Three companies have
entered the Board Room today.
3333
02:37:20,040 --> 02:37:23,190
Stylox, CloudTailor
and House of Armuse.
3334
02:37:23,200 --> 02:37:28,070
So, their ask is the exact amount
of money left.
3335
02:37:28,080 --> 02:37:29,910
If these three get their asks,
3336
02:37:29,920 --> 02:37:31,390
then we are all going home today.
3337
02:37:31,400 --> 02:37:32,630
Bag and baggage.
3338
02:37:32,640 --> 02:37:34,200
They are the richest people.
3339
02:37:34,400 --> 02:37:36,270
They already have so much profit,
they have so much money.
3340
02:37:36,280 --> 02:37:37,720
Why do they need to be
in the Board Room?
3341
02:37:38,040 --> 02:37:39,080
Give it to us.
3342
02:37:40,800 --> 02:37:42,550
Your revenue last year
was ₹12 crore.
3343
02:37:42,560 --> 02:37:43,520
Yes.
3344
02:37:44,560 --> 02:37:45,680
And the year before that?
3345
02:37:45,800 --> 02:37:47,910
- Before that was...
- 8 something.
3346
02:37:47,920 --> 02:37:49,560
- 8 something. And before that.
- Okay.
3347
02:37:49,760 --> 02:37:50,870
₹5 crore.
3348
02:37:50,880 --> 02:37:52,870
Okay. So, in the last three years,
you have consistently...
3349
02:37:52,880 --> 02:37:54,710
- Grown 50%.
- From 5 to 8.
3350
02:37:54,720 --> 02:37:55,790
- And from 8 to 12...
- Because your next
3351
02:37:55,800 --> 02:37:57,120
projection is ₹18 crore.
3352
02:37:57,720 --> 02:37:58,870
Yes.
3353
02:37:58,880 --> 02:38:01,150
Again, they are doing
a 50% growth rate.
3354
02:38:01,160 --> 02:38:02,440
So, what is your ask?
3355
02:38:03,000 --> 02:38:05,030
It's a very small ask.
I want to increase it.
3356
02:38:05,040 --> 02:38:06,150
Why are you saying that?
3357
02:38:06,160 --> 02:38:08,510
"It's a very small ask."
3358
02:38:08,520 --> 02:38:10,310
Manish, their ask is not small.
3359
02:38:10,320 --> 02:38:12,670
The equity they are
offering is very small.
3360
02:38:12,680 --> 02:38:14,150
They are offering us
only 2.5% equity.
3361
02:38:14,160 --> 02:38:15,670
At a valuation of ₹40 crore,
3362
02:38:15,680 --> 02:38:18,160
₹12 crore is your turnover.
3363
02:38:18,400 --> 02:38:20,110
And you have come for ₹1 crore.
3364
02:38:20,120 --> 02:38:21,200
Yes.
3365
02:38:21,720 --> 02:38:23,510
Have you ever raised money to date?
3366
02:38:23,520 --> 02:38:26,000
- Yes, we've raised ₹2 crore.
- Oh, wow.
3367
02:38:26,160 --> 02:38:27,670
How much equity did you offer
in exchange for ₹2 crore?
3368
02:38:27,680 --> 02:38:32,470
That is ₹2 crore again for 10%,
at a valuation of ₹20 crore.
3369
02:38:32,480 --> 02:38:36,110
That is the valuation
we were expecting here.
3370
02:38:36,120 --> 02:38:40,070
- Why don't we have this deal?
- Exactly.
3371
02:38:40,080 --> 02:38:42,110
These numbers look very different.
3372
02:38:42,120 --> 02:38:43,350
I think the potential is there.
3373
02:38:43,360 --> 02:38:47,840
If your valuation has
doubled in three episodes,
3374
02:38:50,400 --> 02:38:52,120
then we need justification for it.
3375
02:38:54,000 --> 02:38:57,030
We know our numbers
are growing month on month,
3376
02:38:57,040 --> 02:38:58,150
and they will keep growing.
3377
02:38:58,160 --> 02:39:00,270
We have closed one round.
3378
02:39:00,280 --> 02:39:02,990
So, that valuation is justified.
3379
02:39:03,000 --> 02:39:05,270
In fact, I would say
it's under-negotiated.
3380
02:39:05,280 --> 02:39:07,080
I am already asking them for less.
3381
02:39:07,840 --> 02:39:09,910
Money as well as equity.
3382
02:39:09,920 --> 02:39:13,430
So, I don't see a problem
with them not agreeing on it.
3383
02:39:13,440 --> 02:39:16,310
I still have one more chance
to come back to you.
3384
02:39:16,320 --> 02:39:18,190
- Yes.
- And show you more...
3385
02:39:18,200 --> 02:39:19,750
Yes, you have one more chance.
3386
02:39:19,760 --> 02:39:21,550
Please come back and justify
3387
02:39:21,560 --> 02:39:26,830
how much premium is fair over
₹20 crore over three episodes.
3388
02:39:26,840 --> 02:39:28,750
Let's come back to you with a plan.
3389
02:39:28,760 --> 02:39:29,840
Thank you very much.
3390
02:39:30,480 --> 02:39:33,070
I said we'll come back
to you with a proper answer
3391
02:39:33,080 --> 02:39:34,230
because that is what I want.
3392
02:39:34,240 --> 02:39:36,360
I want them to say, "Let's do it."
3393
02:39:37,560 --> 02:39:39,350
- Whoa.
- What a serious discussion.
3394
02:39:39,360 --> 02:39:40,670
Welcome. Welcome.
3395
02:39:40,680 --> 02:39:41,830
We returned empty-handed.
3396
02:39:41,840 --> 02:39:45,750
It's okay. You are here now.
We just wanted to know...
3397
02:39:45,760 --> 02:39:47,310
How was your first
Board Room experience?
3398
02:39:47,320 --> 02:39:48,670
It was amazing.
3399
02:39:48,680 --> 02:39:50,360
We were enjoying it.
I mean, seriously.
3400
02:39:55,720 --> 02:39:56,950
All right, so what is the ask?
3401
02:39:56,960 --> 02:39:58,270
What are we doing?
What are we saying?
3402
02:39:58,280 --> 02:40:03,960
Ask is ₹10 crore for 12.5% equity
at ₹80 crore valuation.
3403
02:40:04,360 --> 02:40:06,600
Valuation is at ₹80 crore?
3404
02:40:09,000 --> 02:40:10,670
What will you do with ₹10 crore?
3405
02:40:10,680 --> 02:40:12,870
We're going to open
a bigger set-up in Mumbai now.
3406
02:40:12,880 --> 02:40:14,630
Like a large set-up in Mumbai...
3407
02:40:14,640 --> 02:40:17,870
Is your current monthly
turnover ₹1.3 crore?
3408
02:40:17,880 --> 02:40:18,990
Yes, we are on that ARR.
3409
02:40:19,000 --> 02:40:21,070
-₹1.3 crore is your monthly turnover.
- Correct.
3410
02:40:21,080 --> 02:40:24,790
What level will your revenue
growth go with this money?
3411
02:40:24,800 --> 02:40:28,430
The Mumbai retail store sales
will add to the revenue
3412
02:40:28,440 --> 02:40:30,350
- on that side of the--
- How much are you expecting?
3413
02:40:30,360 --> 02:40:31,510
₹1 crore, sir.
3414
02:40:31,520 --> 02:40:32,470
₹1 crore a month?
3415
02:40:32,480 --> 02:40:33,480
Absolutely, sir.
3416
02:40:36,080 --> 02:40:37,430
I want to challenge this number
3417
02:40:37,440 --> 02:40:40,670
because their current revenue for
all three stores put together
3418
02:40:40,680 --> 02:40:41,710
is ₹1.3 crore.
3419
02:40:41,720 --> 02:40:43,790
They are saying their revenue will
grow by ₹1 crore with one store.
3420
02:40:43,800 --> 02:40:45,190
How big is your Delhi store?
3421
02:40:45,200 --> 02:40:46,270
Delhi is 1,800.
3422
02:40:46,280 --> 02:40:48,310
Their Delhi store is 1,800 sq. ft.
3423
02:40:48,320 --> 02:40:49,870
And their Delhi store earns up to
₹30-35 lakh.
3424
02:40:49,880 --> 02:40:53,110
And you know about Delhi markets,
Manish, how much people spend there.
3425
02:40:53,120 --> 02:40:54,750
Yes, Delhi's market is big.
3426
02:40:54,760 --> 02:40:57,150
I think this store
is an ambitious assumption.
3427
02:40:57,160 --> 02:41:02,160
I know it's ambitious, but it's doable
because my set-up in Jaipur...
3428
02:41:02,400 --> 02:41:04,110
Of course,
tier 2 cities versus Mumbai,
3429
02:41:04,120 --> 02:41:05,590
if I can raise ₹70-75 lakh...
3430
02:41:05,600 --> 02:41:07,920
But you hail from Jaipur.
People there know you.
3431
02:41:09,120 --> 02:41:10,350
No one here
3432
02:41:10,360 --> 02:41:13,280
- knows about this brand yet.
- There are huge brands in Mumbai.
3433
02:41:14,720 --> 02:41:19,270
I clearly understood at the start
that the pitch ends here.
3434
02:41:19,280 --> 02:41:20,990
It's the end of the marketing
and creative side.
3435
02:41:21,000 --> 02:41:21,910
This is where reality begins.
3436
02:41:21,920 --> 02:41:25,190
They want to see
where you stand business-wise.
3437
02:41:25,200 --> 02:41:26,270
At the end of the day,
3438
02:41:26,280 --> 02:41:29,950
it doesn't matter how good your design
is if you can't sell it properly,
3439
02:41:29,960 --> 02:41:31,230
if you can't achieve
the projected numbers,
3440
02:41:31,240 --> 02:41:32,590
then you are lacking somewhere.
3441
02:41:32,600 --> 02:41:37,030
₹15 crore investment
at a valuation of ₹150 crore.
3442
02:41:37,040 --> 02:41:38,630
- Yes.
- For 10% equity.
3443
02:41:38,640 --> 02:41:39,670
- Right.
- Yes.
3444
02:41:39,680 --> 02:41:41,400
Your last year's turnover was...
3445
02:41:41,680 --> 02:41:42,960
₹8.3 crore.
3446
02:41:45,120 --> 02:41:48,630
And currently,
we'll be closing at ₹17.5 crore.
3447
02:41:48,640 --> 02:41:51,030
Call it ₹18 crore.
3448
02:41:51,040 --> 02:41:53,270
And next year,
our target is ₹52 crore.
3449
02:41:53,280 --> 02:41:57,710
We're asking for 3x of our revenue
according to our forward valuation.
3450
02:41:57,720 --> 02:41:59,640
Correct. According
to your forward valuation.
3451
02:42:03,840 --> 02:42:04,910
Tell us about your franchise deals.
3452
02:42:04,920 --> 02:42:07,760
There are four franchise deals,
which I have highlighted here.
3453
02:42:08,240 --> 02:42:11,030
Ahmedabad, Chennai,
Indore and Bangalore.
3454
02:42:11,040 --> 02:42:15,680
They will each have a 2,000 sq. ft.
store, same as our Delhi store,
3455
02:42:15,920 --> 02:42:18,750
giving us ₹3 crore yearly.
3456
02:42:18,760 --> 02:42:20,590
These are signed agreements
these four franchises?
3457
02:42:20,600 --> 02:42:23,590
- These are in talks--
- But we're actually waiting for this
3458
02:42:23,600 --> 02:42:25,630
particular thing to
kind of sum up in a way.
3459
02:42:25,640 --> 02:42:27,510
Thank you for...
I think you gave us clarity
3460
02:42:27,520 --> 02:42:30,440
because we don't understand
this ₹80 crore at your current value.
3461
02:42:30,680 --> 02:42:32,150
Right? Ayushi, Vansh.
3462
02:42:32,160 --> 02:42:33,270
Right, sir.
3463
02:42:33,280 --> 02:42:34,710
A lot of this
you still have to prove.
3464
02:42:34,720 --> 02:42:37,200
Franchise agreements
are yet to be signed. Right?
3465
02:42:39,760 --> 02:42:43,310
And of course, we entrepreneurs
have only one thing: our belief.
3466
02:42:43,320 --> 02:42:46,920
You know you're going
to be able to do it, right?
3467
02:42:51,400 --> 02:42:52,830
What was your last month's revenue?
3468
02:42:52,840 --> 02:42:54,310
₹1.28 crore was our revenue.
3469
02:42:54,320 --> 02:42:56,070
Your revenue was ₹1.3 crore, correct?
3470
02:42:56,080 --> 02:42:56,870
- Yes.
- Okay.
3471
02:42:56,880 --> 02:43:01,470
And our CM1 is at 60%,
so 40% is our cost.
3472
02:43:01,480 --> 02:43:03,030
So, you're left with 60%
3473
02:43:03,040 --> 02:43:04,670
- out of ₹1.3 crore.
- Yes.
3474
02:43:04,680 --> 02:43:08,480
So, your gross profit
is at ₹77 lakh. Okay.
3475
02:43:08,640 --> 02:43:11,390
What are your expenses below
₹77 lakh? Marketing cost?
3476
02:43:11,400 --> 02:43:12,920
Marketing cost is 12.5%
3477
02:43:13,240 --> 02:43:14,710
- Which is great.
- Yes.
3478
02:43:14,720 --> 02:43:16,360
Your fair multiple...
3479
02:43:17,320 --> 02:43:19,510
If you are making
₹18 crore this year...
3480
02:43:19,520 --> 02:43:21,070
Last year you did...
3481
02:43:21,080 --> 02:43:23,400
-₹8.2 crore. Right.
-₹83 crore.
3482
02:43:23,920 --> 02:43:27,080
- Maximum five times forward-looking.
- That's what I thought. Exactly.
3483
02:43:31,840 --> 02:43:32,950
At this point in time,
3484
02:43:32,960 --> 02:43:37,150
I don't think we can offer
more than a ₹42 crore valuation.
3485
02:43:37,160 --> 02:43:38,390
I was going to go with
something around that.
3486
02:43:38,400 --> 02:43:39,830
Dhruv, what do you think?
3487
02:43:39,840 --> 02:43:41,590
That's a big commitment
from the fund.
3488
02:43:41,600 --> 02:43:44,310
And that's a big capital.
So, 40 is what I think.
3489
02:43:44,320 --> 02:43:46,870
Not even 42, Darpan.
My intent is...
3490
02:43:46,880 --> 02:43:48,750
If you do 12.5% at ₹40 crore,
3491
02:43:48,760 --> 02:43:51,240
then it becomes an investment
of approximately ₹5 crore.
3492
02:43:53,560 --> 02:43:54,800
- That is our offer!
- That is our offer!
3493
02:44:00,560 --> 02:44:03,990
- I think a round number of--
-₹100 crore.
3494
02:44:04,000 --> 02:44:07,310
It is more than five times
your forward-looking revenue.
3495
02:44:07,320 --> 02:44:10,390
You projected a revenue
of ₹18 crore this year, right?
3496
02:44:10,400 --> 02:44:14,080
The leap from 18 to 50, I think...
it has many ifs and buts.
3497
02:44:16,720 --> 02:44:20,270
I think something like
₹5 crore number is a reasonable take.
3498
02:44:20,280 --> 02:44:22,990
Can I jump in?
Was that an offer that you just made?
3499
02:44:23,000 --> 02:44:25,630
- Yes, that's an offer.
- I think that's an offer.
3500
02:44:25,640 --> 02:44:27,270
So, you have an offer
on the table right now.
3501
02:44:27,280 --> 02:44:28,830
At a valuation of ₹100 crore.
3502
02:44:28,840 --> 02:44:30,000
Correct. Not a joke.
3503
02:44:40,840 --> 02:44:42,640
The buzzer went off,
3504
02:44:42,920 --> 02:44:44,520
and the numbers started to fall.
3505
02:44:46,360 --> 02:44:49,590
From 25, it's going to 19, 18...
3506
02:44:49,600 --> 02:44:54,480
Our hearts were racing,
thinking if we lost it all.
3507
02:44:57,760 --> 02:44:59,360
Wow!
3508
02:44:59,680 --> 02:45:01,240
Did both of them get a deal?
3509
02:45:02,440 --> 02:45:07,960
So we just found out,
a chunk of ₹7.2 crore is gone.
3510
02:45:09,000 --> 02:45:10,680
Now the question in our mind is
3511
02:45:11,120 --> 02:45:13,320
whether this is Armuse
or CloudTailor.
3512
02:45:14,880 --> 02:45:16,430
I was hoping
both of them would get it.
3513
02:45:16,440 --> 02:45:20,000
At least, they both get
a deal in that ₹7.5 crore.
3514
02:45:24,600 --> 02:45:26,030
Who has the suitcase? Show me.
3515
02:45:26,040 --> 02:45:28,590
- CloudTailor has it.
- CloudTailor.
3516
02:45:28,600 --> 02:45:30,400
We guessed it right.
3517
02:45:38,160 --> 02:45:44,120
Our offer is 6%
at a valuation of ₹120 crore.
3518
02:45:44,440 --> 02:45:46,390
Approximately 7.2 crore.
3519
02:45:46,400 --> 02:45:49,160
₹7.2 crore at
a valuation of ₹120 crore.
3520
02:45:49,360 --> 02:45:52,720
- Your prior investments--
- It'll be 6%...
3521
02:46:03,960 --> 02:46:05,240
I think these guys deserve it.
3522
02:46:05,680 --> 02:46:07,950
I think you all are excited.
3523
02:46:07,960 --> 02:46:09,200
Super excited.
3524
02:46:11,760 --> 02:46:12,750
It's a deal, guys.
3525
02:46:12,760 --> 02:46:13,790
- Thank you.
- Thank you.
3526
02:46:13,800 --> 02:46:15,160
Congratulations.
3527
02:46:15,480 --> 02:46:17,550
- CloudTailor, it's a deal.
- Thank you.
3528
02:46:17,560 --> 02:46:18,750
- Thank you.
- Thank you.
3529
02:46:18,760 --> 02:46:21,270
Your pitch got your company rich.
3530
02:46:21,280 --> 02:46:22,550
- Congratulations.
- Thank you.
3531
02:46:22,560 --> 02:46:27,430
It's the biggest cheque
delivered to any company, right?
3532
02:46:27,440 --> 02:46:28,800
On Indian television.
3533
02:46:30,240 --> 02:46:32,230
Pitch To Get Rich!
3534
02:46:32,240 --> 02:46:34,350
I'll give an analogy of curries.
3535
02:46:34,360 --> 02:46:38,640
You can make curries with cottage cheese,
with chicken or with greens...
3536
02:46:39,240 --> 02:46:40,720
They all require tempering.
3537
02:46:40,960 --> 02:46:44,070
We are the tempering
that goes with every dish.
3538
02:46:44,080 --> 02:46:47,600
And we're the technology that
will be associated with every fashion.
3539
02:46:49,560 --> 02:46:54,320
Our offer in the Board Room was
nowhere near what we were thinking.
3540
02:46:55,800 --> 02:47:00,230
I... expected CloudTailor
because they are a tech company.
3541
02:47:00,240 --> 02:47:05,630
And techs always get a lot of
weightage in the world of start-ups.
3542
02:47:05,640 --> 02:47:07,040
And that's the future.
3543
02:47:08,200 --> 02:47:10,550
There are still two big asks left.
3544
02:47:10,560 --> 02:47:13,230
Banana Club and... HOA.
3545
02:47:13,240 --> 02:47:14,630
There is only ₹18 crore left.
3546
02:47:14,640 --> 02:47:16,190
But if it goes to Banana Club,
3547
02:47:16,200 --> 02:47:18,560
then there will be
nothing left for us.
3548
02:47:19,880 --> 02:47:23,920
I think they should
increase their fund.
3549
02:47:24,360 --> 02:47:26,630
₹7.2 crore is not a small amount.
3550
02:47:26,640 --> 02:47:28,080
It's a big amount.
3551
02:47:28,240 --> 02:47:32,160
And the kitty wasn't big enough
to take such a big chunk.
3552
02:49:17,280 --> 02:49:18,750
Fashion Entrepreneur Fund
3553
02:49:18,760 --> 02:49:24,440
has reduced to ₹18.35 crore
from ₹30 crore.
3554
02:49:26,200 --> 02:49:29,630
CloudTailor got an investment
worth ₹7.2 crore
3555
02:49:29,640 --> 02:49:31,670
for 6% equity.
3556
02:49:31,680 --> 02:49:34,310
On the one hand, it was
the biggest investment until now.
3557
02:49:34,320 --> 02:49:37,720
And on the other hand,
it was the biggest drop in the fund.
3558
02:49:38,680 --> 02:49:40,600
₹7.2 crore is a huge amount.
3559
02:49:40,760 --> 02:49:44,240
The kitty wasn't huge enough
for them to get such a huge amount.
3560
02:49:44,480 --> 02:49:48,120
Whose pitch will get which offer?
We will have to find out.
3561
02:49:58,600 --> 02:50:00,400
Pitch To Get Rich.
3562
02:50:02,120 --> 02:50:04,800
Fashion is a huge cause
of global warming.
3563
02:50:06,360 --> 02:50:08,710
Textile and clothing
industry is responsible
3564
02:50:08,720 --> 02:50:12,080
for approximately 10%
of the global carbon emission.
3565
02:50:12,400 --> 02:50:14,190
It is affecting the environment
3566
02:50:14,200 --> 02:50:16,470
because it uses high energy, water,
3567
02:50:16,480 --> 02:50:19,480
chemicals and textile wastes.
3568
02:50:26,360 --> 02:50:28,790
Let's come to the point.
Sustainability.
3569
02:50:28,800 --> 02:50:31,480
It means to focus
on conscious fashion.
3570
02:50:34,160 --> 02:50:37,030
You must have heard about this.
Reuse, Recycle,
3571
02:50:37,040 --> 02:50:38,600
Repair and Rewear.
3572
02:50:39,760 --> 02:50:41,750
But I will tell you
that sustainability
3573
02:50:41,760 --> 02:50:44,880
is as difficult as
it is a noble cause.
3574
02:50:45,640 --> 02:50:49,750
But a journey of a 1,000 miles
begins with a single step.
3575
02:50:49,760 --> 02:50:52,590
So, the first step to
sustainability is awareness.
3576
02:50:52,600 --> 02:50:53,680
It means to realise.
3577
02:50:53,680 --> 02:50:56,270
And in this episode
of Pitch to Get Rich,
3578
02:50:56,280 --> 02:51:00,200
we will go towards sustainability,
thread by thread.
3579
02:51:01,320 --> 02:51:05,310
To pitch for sustainability,
two companies have to come together
3580
02:51:05,320 --> 02:51:07,030
to make one sustainable product.
3581
02:51:07,040 --> 02:51:08,880
It means a collaboration.
3582
02:51:09,120 --> 02:51:12,550
What are we looking for?
A sustainable product
3583
02:51:12,560 --> 02:51:16,000
that will be good for both
the business and the environment.
3584
02:51:18,560 --> 02:51:21,590
We have very few founders left.
A couple of them are sustainable
3585
02:51:21,600 --> 02:51:23,560
and some aren't sustainable at all.
3586
02:51:23,760 --> 02:51:27,760
Our fast fashion is not related
to sustainability at all.
3587
02:51:28,320 --> 02:51:31,230
Denim is considered to be a product
that causes the most pollution.
3588
02:51:31,240 --> 02:51:34,230
Vyakti will get a stance here
to express our feelings
3589
02:51:34,240 --> 02:51:38,150
that our products are sustainable
and fashionable.
3590
02:51:38,160 --> 02:51:40,350
You know,
you cannot argue on that point.
3591
02:51:40,360 --> 02:51:42,280
We knew that we would ace this.
3592
02:51:47,200 --> 02:51:50,790
When we were told to choose
a partnership for this challenge,
3593
02:51:50,800 --> 02:51:53,270
I was looking for
an expert in this zone
3594
02:51:53,280 --> 02:51:56,920
who could teach us something
new in a partnership.
3595
02:51:58,080 --> 02:52:00,320
At least, we have to find
someone sustainable.
3596
02:52:00,480 --> 02:52:05,030
I spoke to Stylox. I couldn't just
source the raw material from them.
3597
02:52:05,040 --> 02:52:07,640
That's not a collaboration.
That is a transaction.
3598
02:52:08,040 --> 02:52:10,310
Abhishek and I share
a good chemistry.
3599
02:52:10,320 --> 02:52:12,390
We have been working together
for seven to eight years.
3600
02:52:12,400 --> 02:52:13,630
We came here together.
3601
02:52:13,640 --> 02:52:16,550
It was quite obvious
that we were going to collaborate.
3602
02:52:16,560 --> 02:52:18,470
I am looking for a carpet. Okay?
3603
02:52:18,480 --> 02:52:21,190
At Love, Kiki, we always
wanted to show a home range.
3604
02:52:21,200 --> 02:52:23,470
So, I thought it was
the perfect time for us
3605
02:52:23,480 --> 02:52:25,960
to show one more
category to the Angels.
3606
02:52:26,160 --> 02:52:27,270
From far away...
3607
02:52:27,280 --> 02:52:33,230
Their aesthetics, embroidery and
designs are really good. We lack that.
3608
02:52:33,240 --> 02:52:36,070
The first collaboration is here.
It's Banana Club and Love, Kiki.
3609
02:52:36,080 --> 02:52:38,000
- Congratulations.
- Yeah!
3610
02:52:39,000 --> 02:52:42,640
The OG collaboration is here.
DMOdot and Philocaly.
3611
02:52:43,240 --> 02:52:45,390
You guys feel like a couple.
3612
02:52:45,400 --> 02:52:48,430
In terms of that, I find
this good because I feel like Delhi.
3613
02:52:48,440 --> 02:52:50,630
Our vision and values
are very similar.
3614
02:52:50,640 --> 02:52:53,710
Mom, Sarthak and me... We instantly
thought that we would collaborate.
3615
02:52:53,720 --> 02:52:55,910
This isn't a collab.
They are also sustainable.
3616
02:52:55,920 --> 02:52:57,390
If you take my advice,
3617
02:52:57,400 --> 02:52:59,670
there is no collab in this.
3618
02:52:59,680 --> 02:53:01,350
- Can you please stay away from this?
- No. No. No.
3619
02:53:01,360 --> 02:53:04,520
- It's not your problem, please.
- It should be our call.
3620
02:53:04,680 --> 02:53:06,480
We haven't taken any calls.
3621
02:53:07,320 --> 02:53:08,390
- Sonam...
- It's not our--
3622
02:53:08,400 --> 02:53:10,550
- Give me a second.
- Yes, please discuss with me, first.
3623
02:53:10,560 --> 02:53:13,360
- I am not taking your advice.
- I am also not taking your call.
3624
02:53:13,640 --> 02:53:16,230
- You have to listen to me, okay?
- You also have to listen to me.
3625
02:53:16,240 --> 02:53:18,510
- I am not bound to listen to you.
- I am also not bound to.
3626
02:53:18,520 --> 02:53:19,950
- You are here for me.
- I am not bound.
3627
02:53:19,960 --> 02:53:21,350
- You are here for me.
- Excuse me.
3628
02:53:21,360 --> 02:53:23,230
- We are here because of each other.
- No. No. No.
3629
02:53:23,240 --> 02:53:25,680
- Yes. Yes. Yes.
- Sorry. You work in my company.
3630
02:53:25,880 --> 02:53:26,990
I don't work for you.
3631
02:53:27,000 --> 02:53:28,670
- So, that's not what I am saying.
- So, you have to listen.
3632
02:53:28,680 --> 02:53:29,480
No--
3633
02:53:30,000 --> 02:53:32,950
They had a huge argument.
The situation was tense.
3634
02:53:32,960 --> 02:53:34,990
- It was a bit hostile.
- Don't make a ruckus here.
3635
02:53:35,000 --> 02:53:36,240
Don't... Please.
3636
02:53:37,400 --> 02:53:38,950
- Do whatever you want then.
- Okay.
3637
02:53:38,960 --> 02:53:40,640
Do what you want.
3638
02:53:41,480 --> 02:53:43,990
With Vyakti, we have to make sure
that Sonam is on the same page as us.
3639
02:53:44,000 --> 02:53:45,990
Otherwise, I don't want drama.
3640
02:53:46,000 --> 02:53:47,440
Oh, my God. This is tough.
3641
02:53:48,520 --> 02:53:49,400
This is tough.
3642
02:53:49,760 --> 02:53:51,160
- This is like...
- Really, it's like Bigg Boss.
3643
02:53:51,760 --> 02:53:53,520
Yes, it's literally like that.
3644
02:53:54,760 --> 02:53:57,110
My first choice were
the mother and daughter duo.
3645
02:53:57,120 --> 02:53:59,950
I saw their block print.
Many things can be done with them.
3646
02:53:59,960 --> 02:54:01,230
I do such things as well.
3647
02:54:01,240 --> 02:54:03,920
We were also looking for someone.
By then, everyone was occupied.
3648
02:54:05,400 --> 02:54:08,120
We realised that Talking Threads
were standing idly.
3649
02:54:08,120 --> 02:54:11,630
So, when we spoke to them,
we thought we should collaborate.
3650
02:54:11,640 --> 02:54:14,710
- Corseted jumpsuit made of denim.
- Yes.
3651
02:54:14,720 --> 02:54:17,510
A rangkat jacket to go with it.
3652
02:54:17,520 --> 02:54:19,800
We thought that
a couture brand like ours
3653
02:54:20,040 --> 02:54:22,470
and a massy denim
brand like theirs...
3654
02:54:22,480 --> 02:54:24,150
If we could bring out something
3655
02:54:24,160 --> 02:54:25,680
sustainable by collaborating
with each other,
3656
02:54:26,240 --> 02:54:27,750
it would be a unique offering.
3657
02:54:27,760 --> 02:54:30,160
You can show so much variety
with us.
3658
02:54:30,920 --> 02:54:34,040
I decided to collaborate
with Banana Labs.
3659
02:54:34,280 --> 02:54:36,230
But I was feeling
that there was a hitch.
3660
02:54:36,240 --> 02:54:37,870
My worry is,
where will we have to shift?
3661
02:54:37,880 --> 02:54:39,480
- Delhi or Jaipur?
- Jaipur.
3662
02:54:40,960 --> 02:54:42,790
But I also saw Gaurav coming over.
3663
02:54:42,800 --> 02:54:47,110
You already own many cool blocks.
3664
02:54:47,120 --> 02:54:49,350
- You are doing such things.
- And the edginess and styling
3665
02:54:49,360 --> 02:54:51,190
that's missing with us,
I think your brand
3666
02:54:51,200 --> 02:54:52,950
- can bring it to us.
- Yes.
3667
02:54:52,960 --> 02:54:54,360
I had already seen their work.
3668
02:54:54,760 --> 02:54:57,550
I saw that there could
be some commonality.
3669
02:54:57,560 --> 02:54:59,280
Ayushi, we are leaning
3670
02:55:00,640 --> 02:55:03,510
towards Gaurav because
it will be a little easier.
3671
02:55:03,520 --> 02:55:06,270
I spent a lot of time
with them discussing.
3672
02:55:06,280 --> 02:55:11,000
But then, I came to know that
the others had already integrated.
3673
02:55:11,360 --> 02:55:13,350
As they had an agreement,
I backed off.
3674
02:55:13,360 --> 02:55:15,870
Because genuinely, I didn't
want to get into anyone's space.
3675
02:55:15,880 --> 02:55:17,640
It's gonna be a great collab.
3676
02:55:17,960 --> 02:55:20,110
- Who is left?
- Only Vyakti and you are left.
3677
02:55:20,120 --> 02:55:23,280
- We are going to be with Ayushi.
- We will go with Ayushi.
3678
02:55:23,840 --> 02:55:25,640
We haven't spoken to her yet.
3679
02:55:27,640 --> 02:55:28,640
Let's brainstorm.
3680
02:55:29,640 --> 02:55:31,750
Let's do something that
no one has ever thought about.
3681
02:55:31,760 --> 02:55:34,190
All the founders have
to listen to each other
3682
02:55:34,200 --> 02:55:38,720
and create something that
will take them to the Board Room.
3683
02:55:39,000 --> 02:55:41,440
Ever heard of too many
cooks spoiling the broth?
3684
02:55:44,400 --> 02:55:48,240
Yeah. So, our options
are bamboo linen...
3685
02:55:48,720 --> 02:55:51,310
Which sustainable fabric
can we use to make the outfit?
3686
02:55:51,320 --> 02:55:53,160
We found two fabrics.
3687
02:55:53,560 --> 02:55:55,470
- So, it's a linen and bamboo mix.
- Linen bamboo.
3688
02:55:55,480 --> 02:55:57,830
- Both are sustainable fabrics.
- Both are sustainable.
3689
02:55:57,840 --> 02:55:59,190
Now, we had to do something
about the footwear.
3690
02:55:59,200 --> 02:56:01,160
We won't have a leather layer.
3691
02:56:02,520 --> 02:56:06,430
If we can reduce the leather
consumption by 60%,
3692
02:56:06,440 --> 02:56:07,400
it will be a win.
3693
02:56:07,520 --> 02:56:08,520
This is brighter.
3694
02:56:08,680 --> 02:56:10,520
- Yes.
- Right? Denim is duller.
3695
02:56:10,840 --> 02:56:14,230
We spoke to Talking Threads.
They wanted to make womenswear.
3696
02:56:14,240 --> 02:56:17,590
The part of our denim
is sustainable washing.
3697
02:56:17,600 --> 02:56:18,990
That causes the most pollution.
3698
02:56:19,000 --> 02:56:21,870
But Vishal was like we won't
showcase the washing process.
3699
02:56:21,880 --> 02:56:23,510
Like, to hell with your washing.
3700
02:56:23,520 --> 02:56:25,150
If I am not showcasing my washing
3701
02:56:25,160 --> 02:56:27,430
and the garments are womenswear,
it will be useless.
3702
02:56:27,440 --> 02:56:29,430
Also, we are a menswear brand.
Then we said
3703
02:56:29,440 --> 02:56:32,670
that there should be
both women's and men's attire.
3704
02:56:32,680 --> 02:56:36,030
We will write on it that
"This jeans is ethically washed."
3705
02:56:36,040 --> 02:56:38,870
- What about power dressing?
- We do a lot of handcrafted jackets.
3706
02:56:38,880 --> 02:56:42,350
Vyakti's thoughts are strong.
Why did I not think about
3707
02:56:42,360 --> 02:56:44,000
doing it with them
in the first place?
3708
02:56:44,160 --> 02:56:47,240
Because with them,
I can break a completely new angle.
3709
02:56:48,080 --> 02:56:51,470
Now, we have finalised
our product range.
3710
02:56:51,480 --> 02:56:53,360
But first, I want to see their waste.
3711
02:57:02,760 --> 02:57:05,800
We were ashamed to show her
the amount of waste we produced.
3712
02:57:06,040 --> 02:57:07,350
Oh, my God.
3713
02:57:07,360 --> 02:57:09,520
You can select the small bits.
3714
02:57:14,560 --> 02:57:16,560
She drowned
in the pile of textile waste.
3715
02:57:21,400 --> 02:57:23,120
First, we flew out to my studio.
3716
02:57:25,080 --> 02:57:27,200
We collected a lot of textile waste.
3717
02:57:28,880 --> 02:57:30,470
We thought about two people.
3718
02:57:30,480 --> 02:57:32,670
One will be worn by a man
and the other by a woman.
3719
02:57:32,680 --> 02:57:34,440
Beautiful.
This can be the wrap skirt.
3720
02:57:36,280 --> 02:57:38,070
What I am thinking is...
we can keep the T-shirt
3721
02:57:38,080 --> 02:57:40,240
completely plain with
a pink dot in the middle.
3722
02:57:41,000 --> 02:57:43,000
Big stripes. Medium stripes.
3723
02:57:43,240 --> 02:57:44,990
At the workshop,
we put whatever we decided
3724
02:57:45,000 --> 02:57:46,680
into execution immediately.
3725
02:57:52,160 --> 02:57:54,230
We had cooked up so many products
3726
02:57:54,240 --> 02:57:56,360
that it felt like a lengthy project.
3727
02:57:58,040 --> 02:58:01,150
- We have only made four products.
- That's what I am saying.
3728
02:58:01,160 --> 02:58:03,360
- It will take time for the rest.
- We need to make them.
3729
02:58:04,360 --> 02:58:06,110
We have never questioned ourselves.
3730
02:58:06,120 --> 02:58:08,590
But in this project,
we asked ourselves multiple times
3731
02:58:08,600 --> 02:58:10,760
if we would be able to do it or not.
3732
02:58:12,800 --> 02:58:14,800
I don't have a unit
in Mumbai presently.
3733
02:58:15,000 --> 02:58:18,470
So, I had to work with freelancers.
I had to work with artisans.
3734
02:58:18,480 --> 02:58:20,760
I will bring the fabric
to you tomorrow.
3735
02:58:23,040 --> 02:58:24,590
The sleeves will be here, right?
3736
02:58:24,600 --> 02:58:27,200
- This is our width. It's 2.5 inches.
- Okay.
3737
02:58:28,000 --> 02:58:29,430
Everyone worked extra shifts.
3738
02:58:29,440 --> 02:58:31,160
I think they slept
only for 3-4 hours.
3739
02:58:32,600 --> 02:58:36,120
In this pitch, the most
important thing is communication.
3740
02:58:36,720 --> 02:58:39,640
Poor communication
has pushed me back.
3741
02:58:39,960 --> 02:58:42,710
That's why Abhishek is
necessary for this collaboration.
3742
02:58:42,720 --> 02:58:44,680
He aces in communication.
3743
02:58:45,400 --> 02:58:48,910
Hopefully, as I am with him,
we will make a miracle happen
3744
02:58:48,920 --> 02:58:50,560
that will amaze everyone.
3745
02:58:51,920 --> 02:58:54,510
As a child,
I used to hear this a lot.
3746
02:58:54,520 --> 02:58:56,230
"A lion in the house and
a coward in the outside world."
3747
02:58:56,240 --> 02:59:00,750
If we can't prove ourselves
in this sustainability challenge,
3748
02:59:00,760 --> 02:59:02,630
that saying will be apt for me.
3749
02:59:02,640 --> 02:59:05,030
No matter how much
we fight for sustainability,
3750
02:59:05,040 --> 02:59:08,840
if we can't express it
when we have the chance,
3751
02:59:09,080 --> 02:59:11,000
- it will be shameful for us.
- Yeah.
3752
02:59:15,000 --> 02:59:17,030
Welcome to the Pitch to Get Rich
red carpet.
3753
02:59:17,040 --> 02:59:20,510
It's a brand new day over here and
we are very excited about the action.
3754
02:59:20,520 --> 02:59:23,910
After all, we have the hero
of every budding entrepreneur,
3755
02:59:23,920 --> 02:59:25,910
the amazing Ronnie Screwvala,
with us today.
3756
02:59:25,920 --> 02:59:27,150
It's very interesting that
3757
02:59:27,160 --> 02:59:29,270
I have been invited
to this episode of sustainability.
3758
02:59:29,280 --> 02:59:31,320
It's because consumers are not aware
3759
02:59:31,640 --> 02:59:35,110
that sustainability in
fashion creates a kind of havoc
3760
02:59:35,120 --> 02:59:38,080
in the climate sometimes
for all the good that it does.
3761
02:59:38,600 --> 02:59:41,920
Come, let's meet an important
global voice of fashion and beauty.
3762
02:59:42,680 --> 02:59:45,320
Please welcome the gorgeous,
Diipa Khosla.
3763
02:59:45,600 --> 02:59:48,430
Diipa, Inde Wild
is a vegan sustainable brand.
3764
02:59:48,440 --> 02:59:50,750
Are we wearing sustainable today?
Tell us about it.
3765
02:59:50,760 --> 02:59:53,630
Of course, we are wearing
a home-grown label
3766
02:59:53,640 --> 02:59:56,350
called Antithesis, and it is indeed
3767
02:59:56,360 --> 02:59:57,920
vegan leather that
I am wearing today.
3768
02:59:59,360 --> 03:00:02,630
Now, let's welcome the board member
of the Fashion Entrepreneur Fund
3769
03:00:02,640 --> 03:00:06,520
and the biggest player
in the industry, Akshay Kumar.
3770
03:00:06,680 --> 03:00:08,760
Fashion and business,
both can make you rich.
3771
03:00:08,960 --> 03:00:10,270
All you have to do is pitch.
3772
03:00:10,280 --> 03:00:12,110
Today's theme is sustainability.
3773
03:00:12,120 --> 03:00:15,480
So, let's go. Let's learn,
watch and spread awareness.
3774
03:00:16,040 --> 03:00:19,240
Let's move towards sustainability,
thread by thread. Come on.
3775
03:00:25,200 --> 03:00:26,080
Whoa!
3776
03:00:28,560 --> 03:00:30,200
"Because there is no Planet B."
3777
03:00:30,760 --> 03:00:31,760
Wow.
3778
03:00:32,360 --> 03:00:34,190
- Hello, everyone.
- Hello!
3779
03:00:34,200 --> 03:00:36,400
The one and only Akshay Kumar!
3780
03:00:36,920 --> 03:00:38,080
Hi, how are you?
3781
03:00:39,680 --> 03:00:41,950
Akshay, you look the best
in every room you walk into.
3782
03:00:41,960 --> 03:00:44,150
Well, thank you very much,
but just one question.
3783
03:00:44,160 --> 03:00:46,750
I was told that it
was going to be ₹30 crore.
3784
03:00:46,760 --> 03:00:48,470
Why is it ₹18.35 crore?
3785
03:00:48,480 --> 03:00:50,030
- Where is the rest?
- Yeah, what happened?
3786
03:00:50,040 --> 03:00:51,840
- Has Ronnie taken it?
- Before... Yeah. Yeah.
3787
03:00:52,880 --> 03:00:54,870
- Ronnie hasn't taken it yet.
- It's supposed to be given,
3788
03:00:54,880 --> 03:00:56,680
not taken. So, I think, yeah...
3789
03:00:58,080 --> 03:00:59,600
Akshay Kumar!
3790
03:00:59,760 --> 03:01:02,120
I hope she doesn't
say that in front of him.
3791
03:01:02,600 --> 03:01:05,470
She will be lost upon
seeing Akshay Kumar.
3792
03:01:05,480 --> 03:01:07,790
- He will be lost upon seeing you.
- Let's mesmerise.
3793
03:01:07,800 --> 03:01:09,710
I am a very good actor.
I can handle them.
3794
03:01:09,720 --> 03:01:13,590
You don't have to act.
You have to be genuine.
3795
03:01:13,600 --> 03:01:17,110
When I came to know that we would
be talking about sustainability,
3796
03:01:17,120 --> 03:01:18,710
I wanted to learn more about it.
3797
03:01:18,720 --> 03:01:22,550
So, I wanted to appear
in this episode, learn about it
3798
03:01:22,560 --> 03:01:24,190
and understand more and more.
3799
03:01:24,200 --> 03:01:27,240
I know many things about it, but
I will get to learn many more things.
3800
03:01:27,960 --> 03:01:31,430
You know, the next generation
of consumers, the Gen Z,
3801
03:01:31,440 --> 03:01:33,590
are very fashion aware.
3802
03:01:33,600 --> 03:01:35,990
Like, they check who has recycled.
3803
03:01:36,000 --> 03:01:39,920
And as a person
whose "job" is to dress up,
3804
03:01:40,200 --> 03:01:44,150
I think re-wearing is the perfect
role-model move you can make.
3805
03:01:44,160 --> 03:01:45,950
Like what Alia recently did.
3806
03:01:45,960 --> 03:01:47,070
- When she came to...
- About the wedding.
3807
03:01:47,080 --> 03:01:49,350
Exactly. She re-wore
her music ceremony outfit.
3808
03:01:49,360 --> 03:01:51,190
Alia's henna ceremony outfit
3809
03:01:51,200 --> 03:01:52,750
- that I had created for her...
- Yes, that's it.
3810
03:01:52,760 --> 03:01:55,630
It was her idea. She asked me
if I had the swatches or leftovers
3811
03:01:55,640 --> 03:01:57,830
from whatever work I had
done for her over the years.
3812
03:01:57,840 --> 03:01:59,710
I said I kept them as a record.
3813
03:01:59,720 --> 03:02:02,070
So, her attire was
made up of those leftovers.
3814
03:02:02,080 --> 03:02:06,320
My son is the biggest
ambassador of sustainability.
3815
03:02:06,520 --> 03:02:09,110
Manish, he does all his shopping
from thrift stores.
3816
03:02:09,120 --> 03:02:10,030
- Amazing.
- Everything.
3817
03:02:10,040 --> 03:02:14,390
I told him that I could
buy him whatever he wanted.
3818
03:02:14,400 --> 03:02:16,430
He refused and told me that
he wanted to thrift his things.
3819
03:02:16,440 --> 03:02:19,200
He took me along.
We bought many things.
3820
03:02:19,320 --> 03:02:23,150
I understood why he was doing it.
As you said about the Gen Z part,
3821
03:02:23,160 --> 03:02:26,480
- they are more and more aware of it.
- Yeah, absolutely.
3822
03:02:26,720 --> 03:02:29,510
Okay, let's move
towards sustainability
3823
03:02:29,520 --> 03:02:30,710
and hear the pitches.
3824
03:02:30,720 --> 03:02:32,990
I think our first brand is Stylox.
3825
03:02:33,000 --> 03:02:34,510
Who is Stylox collaborating with?
3826
03:02:34,520 --> 03:02:35,470
Talking Threads.
3827
03:02:35,480 --> 03:02:37,430
- This is so exciting, right?
- Such a contrast.
3828
03:02:37,440 --> 03:02:38,920
I can't wait to see
what they have done.
3829
03:02:50,800 --> 03:02:54,230
We have collaborated upcycled,
vintage and reclaimed handloom
3830
03:02:54,240 --> 03:03:00,310
and recycled and remnant
denim to create two looks.
3831
03:03:00,320 --> 03:03:04,190
And our presentation's name is
Vintage Vibe, Modern Tribe.
3832
03:03:04,200 --> 03:03:06,800
Oh! Vintage Vibe, Modern Tribe.
3833
03:03:14,960 --> 03:03:17,230
- Oh, it looks amazing.
- They did a great job.
3834
03:03:17,240 --> 03:03:18,240
They made it good.
3835
03:03:19,640 --> 03:03:21,680
Look number one is Rang Culture.
3836
03:03:22,160 --> 03:03:24,440
This is a four-piece ensemble.
3837
03:03:24,600 --> 03:03:27,070
It consists of a bolero jacket
made with denim
3838
03:03:27,080 --> 03:03:30,310
and vintage, reclaimed
rangkat handloom fabric.
3839
03:03:30,320 --> 03:03:33,120
A corset made from rangkat weave
3840
03:03:33,280 --> 03:03:35,800
and again a rangkat
and denim fusion.
3841
03:03:35,960 --> 03:03:37,520
And we have an accessory bag.
3842
03:03:39,080 --> 03:03:41,160
The second look is a menswear look.
3843
03:03:41,280 --> 03:03:44,550
It has a classic denim jacket
with rangkat handloom.
3844
03:03:44,560 --> 03:03:48,390
The jeans are made up
of patches of denim waste
3845
03:03:48,400 --> 03:03:51,150
from the production process.
3846
03:03:51,160 --> 03:03:53,990
The bag is also made of the same.
3847
03:03:54,000 --> 03:03:56,040
This look is called Denimystique.
3848
03:03:56,600 --> 03:03:59,870
The pricing of this look
is at ₹17,500...
3849
03:03:59,880 --> 03:04:01,320
for the ensemble.
3850
03:04:03,840 --> 03:04:05,520
And this look is
priced at ₹9,500.
3851
03:04:07,200 --> 03:04:08,870
What is its marketing one-line pitch?
3852
03:04:08,880 --> 03:04:11,880
"Denim meets rangkat handloom."
3853
03:04:12,120 --> 03:04:14,590
One fabric is a mass appeal fabric
3854
03:04:14,600 --> 03:04:18,070
and the other fabric
is our responsibility
3855
03:04:18,080 --> 03:04:23,150
to bring our craft and cultural
fabrics back in circulation.
3856
03:04:23,160 --> 03:04:25,550
Instead of going here,
they need to come back
3857
03:04:25,560 --> 03:04:27,640
into a regenerated outfit.
3858
03:04:28,560 --> 03:04:30,080
I love that brocade corset.
3859
03:04:30,240 --> 03:04:31,510
- I really like that.
- Thank you.
3860
03:04:31,520 --> 03:04:33,600
How did you come up with ₹17,500?
3861
03:04:33,960 --> 03:04:36,590
It's the sum of the cost
of the three fabrics
3862
03:04:36,600 --> 03:04:40,990
and the cost of their cutting,
sewing and tailoring.
3863
03:04:41,000 --> 03:04:42,950
So, is 17,000 the cost you incurred?
3864
03:04:42,960 --> 03:04:45,510
We took 2.2 times
markup on the cost.
3865
03:04:45,520 --> 03:04:47,400
Why is this couple not speaking?
3866
03:04:50,080 --> 03:04:51,480
They are bottled up.
3867
03:04:53,720 --> 03:04:55,440
Now, you understand my problem.
3868
03:04:57,880 --> 03:04:59,230
We will tell you
a bit about ourselves
3869
03:04:59,240 --> 03:05:01,080
and how we are sustainable.
3870
03:05:01,600 --> 03:05:03,270
So, when we produce denim jeans,
3871
03:05:03,280 --> 03:05:07,070
you know that 50-60 litres of water
is consumed to wash them.
3872
03:05:07,080 --> 03:05:10,960
And our processes like laser wash
reduce the water consumption
3873
03:05:11,200 --> 03:05:13,670
by 50% through
ozone technology.
3874
03:05:13,680 --> 03:05:17,270
Also, our process
of drying is line drying
3875
03:05:17,280 --> 03:05:18,510
instead of tumble drying.
3876
03:05:18,520 --> 03:05:20,910
It reduces air pollution by 20%.
3877
03:05:20,920 --> 03:05:23,990
What is the difference between
the pricing for both the brands?
3878
03:05:24,000 --> 03:05:25,270
We are a massy brand.
3879
03:05:25,280 --> 03:05:29,320
So, the pricing starts at ₹599
and ends at ₹3,499
3880
03:05:30,840 --> 03:05:33,590
Stylox, you have designed
womenswear for the first time.
3881
03:05:33,600 --> 03:05:36,040
That's a major strategy
for expansion.
3882
03:05:37,040 --> 03:05:38,830
And, Dhruv, if you remember,
3883
03:05:38,840 --> 03:05:43,230
I always had an issue
with the design part of Stylox.
3884
03:05:43,240 --> 03:05:46,470
Today, I feel that
Stylox has a good design.
3885
03:05:46,480 --> 03:05:49,190
I really think
this kind of a collaboration
3886
03:05:49,200 --> 03:05:51,190
will definitely help Stylox
3887
03:05:51,200 --> 03:05:53,120
because you know
your business so well.
3888
03:05:53,240 --> 03:05:54,510
And I think, for Talking Threads,
3889
03:05:54,520 --> 03:05:57,110
it also gives
a very interesting infusion
3890
03:05:57,120 --> 03:05:59,310
of something more youthful.
3891
03:05:59,320 --> 03:06:00,830
I am going to press the button.
3892
03:06:00,840 --> 03:06:02,560
- Wow!
- Thank you so much.
3893
03:06:04,000 --> 03:06:05,870
Akshay, do you think you
will wear something like this?
3894
03:06:05,880 --> 03:06:07,560
- I like the jacket.
- Okay.
3895
03:06:08,360 --> 03:06:10,110
- I like his bag also.
- Yeah.
3896
03:06:10,120 --> 03:06:12,480
I am a little bit wary
about the price part though.
3897
03:06:13,640 --> 03:06:16,390
Stylox and Talking Threads,
like Akshay and everyone said,
3898
03:06:16,400 --> 03:06:17,870
the clothes look beautiful.
3899
03:06:17,880 --> 03:06:20,960
I just found the pricing
of this collaboration faulty.
3900
03:06:21,520 --> 03:06:23,830
The starting range
of our ensembles
3901
03:06:23,840 --> 03:06:27,070
even for the light occasions
is from ₹25,000
3902
03:06:27,080 --> 03:06:28,190
Look at the difference.
3903
03:06:28,200 --> 03:06:31,080
You came to ₹17,000 from ₹25,000.
So, you reduced 30%.
3904
03:06:32,080 --> 03:06:34,310
Their most expensive
product is worth ₹3,500,
3905
03:06:34,320 --> 03:06:36,390
and this price is 300% more
than that.
3906
03:06:36,400 --> 03:06:37,910
So, I think if it were
at the mid-point...
3907
03:06:37,920 --> 03:06:39,600
Darpan, I just have a comment.
3908
03:06:40,920 --> 03:06:42,670
Their individual product
costs ₹3,500
3909
03:06:42,680 --> 03:06:43,430
Correct.
3910
03:06:43,440 --> 03:06:44,630
- Here, it's four products.
- Correct.
3911
03:06:44,640 --> 03:06:45,880
It's not the same.
3912
03:06:46,080 --> 03:06:47,910
Akshay, what do you think?
Shall we take them to the Board Room?
3913
03:06:47,920 --> 03:06:50,320
- Take them to the Board Room or not?
- I will still think...
3914
03:06:51,360 --> 03:06:54,550
We made the mistake of revealing
the price point early on.
3915
03:06:54,560 --> 03:06:56,030
It was definitely a mistake
3916
03:06:56,040 --> 03:06:58,230
that we didn't realise
at the time of collaborating
3917
03:06:58,240 --> 03:07:00,800
with Talking Threads.
Our audience is different.
3918
03:07:01,000 --> 03:07:03,750
So, when you look at the pricing
in the business sense,
3919
03:07:03,760 --> 03:07:04,550
where will it go?
3920
03:07:04,560 --> 03:07:07,790
What you did in
48 hours is excellent,
3921
03:07:07,800 --> 03:07:10,150
but it will be a question
if it is sustainable.
3922
03:07:10,160 --> 03:07:13,240
I mean, the sustainability aspect.
3923
03:07:14,280 --> 03:07:17,360
Stylox, last time,
we gave you a good offer.
3924
03:07:17,560 --> 03:07:19,750
But you wanted us to
go higher in market value.
3925
03:07:19,760 --> 03:07:22,040
- Yes.
- If I take you to the Board Room today,
3926
03:07:22,200 --> 03:07:25,360
I can't give you a better value.
3927
03:07:26,480 --> 03:07:29,270
I am so sorry, Talking Threads,
because of that one angle,
3928
03:07:29,280 --> 03:07:30,920
I am holding off on the buzzer.
3929
03:07:32,080 --> 03:07:35,750
If it had been already clear, no one
would have partnered with Stylox.
3930
03:07:35,760 --> 03:07:36,950
It was an example.
3931
03:07:36,960 --> 03:07:38,400
- But that wasn't the--
- This was suicide.
3932
03:07:38,560 --> 03:07:40,110
We did four pieces
at bloody ₹17,000.
3933
03:07:40,120 --> 03:07:41,630
Why did you keep the prices high?
3934
03:07:41,640 --> 03:07:42,990
No, it's four pieces.
3935
03:07:43,000 --> 03:07:45,550
It wasn't clear. You said it later.
3936
03:07:45,560 --> 03:07:47,550
We should have done it individually.
3937
03:07:47,560 --> 03:07:51,470
If you buy four shirts from Zara,
they will cost you ₹16,000.
3938
03:07:51,480 --> 03:07:53,280
Normally,
they are strong with numbers.
3939
03:07:53,440 --> 03:07:56,160
But this time,
their calculation was faulty.
3940
03:07:56,760 --> 03:07:59,070
Next is Love, Kiki and Banana Club.
3941
03:07:59,080 --> 03:08:00,990
They are very different brands.
3942
03:08:01,000 --> 03:08:03,390
Banana Club is fast fashion
at mass price point,
3943
03:08:03,400 --> 03:08:06,310
and Love, Kiki make sustainable wear.
3944
03:08:06,320 --> 03:08:07,430
They are premium.
3945
03:08:07,440 --> 03:08:09,350
I have always supported them.
3946
03:08:09,360 --> 03:08:10,950
Manish is their ambassador.
3947
03:08:10,960 --> 03:08:13,350
We have renamed the brand
as Manish Loves Kiki.
3948
03:08:13,360 --> 03:08:14,320
Yes.
3949
03:08:22,560 --> 03:08:23,750
What is this garbage?
3950
03:08:23,760 --> 03:08:26,240
He is here with another scheme.
3951
03:08:26,840 --> 03:08:29,590
Oh, God. What will you do
with this garbage?
3952
03:08:29,600 --> 03:08:31,600
This isn't garbage.
It's gold. It's gold.
3953
03:08:33,280 --> 03:08:38,360
We can upcycle it and
double the money in 25 days.
3954
03:08:38,960 --> 03:08:41,120
We will earn so much money with it.
3955
03:08:41,240 --> 03:08:43,230
Tell me how the money
will be doubled.
3956
03:08:43,240 --> 03:08:45,360
Me. Me. Me. Shall I tell you?
3957
03:08:47,560 --> 03:08:50,190
Look, there is ₹18.35 crore.
Give them to me.
3958
03:08:50,200 --> 03:08:52,240
I will invest them and double them.
3959
03:08:57,240 --> 03:08:58,960
Oh, he is razor sharp.
3960
03:09:00,040 --> 03:09:01,510
Go on. Speak. Speak. Sorry. Sorry.
3961
03:09:01,520 --> 03:09:06,430
From this, we will make bags,
curtains, carpets
3962
03:09:06,440 --> 03:09:09,680
and mats using them.
We will have a lot of money!
3963
03:09:10,160 --> 03:09:13,960
Yes. Yes. Yes. It's upscaling.
I heard about this new trend.
3964
03:09:14,640 --> 03:09:17,830
So, let's save the Earth
and earn money as well.
3965
03:09:17,840 --> 03:09:18,910
- Wow!
- Whoa!
3966
03:09:18,920 --> 03:09:19,920
Thank you.
3967
03:09:21,120 --> 03:09:22,160
Lovely pitch!
3968
03:09:22,600 --> 03:09:25,270
- Let's earn money and...
- Save the Earth.
3969
03:09:25,280 --> 03:09:29,030
This line was great.
Can I use it in my movies?
3970
03:09:29,040 --> 03:09:30,150
- Yes, sure.
- Yes. Yes.
3971
03:09:30,160 --> 03:09:31,560
Okay, tell us.
3972
03:09:31,800 --> 03:09:33,990
When we approached this challenge,
3973
03:09:34,000 --> 03:09:36,600
our opinion towards
sustainability changed.
3974
03:09:37,000 --> 03:09:40,790
So, we thought the waste
that we paid to be dumped
3975
03:09:40,800 --> 03:09:43,310
can be used to earn money.
3976
03:09:43,320 --> 03:09:47,110
We make our ready-to-wear
collection using surplus fabric.
3977
03:09:47,120 --> 03:09:50,910
We repurpose the leftover fabric
3978
03:09:50,920 --> 03:09:53,910
into new products under
the name Second Life.
3979
03:09:53,920 --> 03:09:55,670
They are our Second Life products.
3980
03:09:55,680 --> 03:09:58,710
We have home decor
and daily utility products.
3981
03:09:58,720 --> 03:09:59,790
For example, this duffel bag.
3982
03:09:59,800 --> 03:10:02,230
It is made up of brushed
cotton and checks.
3983
03:10:02,240 --> 03:10:04,470
And we have ottomans.
3984
03:10:04,480 --> 03:10:08,470
They are stuffed with scrap material
3985
03:10:08,480 --> 03:10:13,030
and formed into this structure.
3986
03:10:13,040 --> 03:10:14,190
These are the pouffes.
3987
03:10:14,200 --> 03:10:17,560
We have tried to develop
an aesthetic using colour blocking.
3988
03:10:17,680 --> 03:10:18,600
Wow.
3989
03:10:20,920 --> 03:10:23,230
I love this. This is really nice.
3990
03:10:23,240 --> 03:10:27,030
- I like this bag as well.
- We stuffed it with scrap cloths.
3991
03:10:27,040 --> 03:10:31,120
- This was made for you.
- This throw is beautiful.
3992
03:10:31,240 --> 03:10:32,750
Are these made by Love, Kiki?
3993
03:10:32,760 --> 03:10:34,080
The design is Love, Kiki's
3994
03:10:34,240 --> 03:10:35,430
and production and fabric--
3995
03:10:35,440 --> 03:10:38,400
Your problem is a lack of design.
3996
03:10:38,920 --> 03:10:42,630
Nice. Very nice.
It seems like you enjoyed a lot.
3997
03:10:42,640 --> 03:10:45,080
Yes, sir.
It was fun creating these things.
3998
03:10:45,280 --> 03:10:46,910
- I can see that.
- We didn't think
3999
03:10:46,920 --> 03:10:49,710
that we could start a new line
of home decor products.
4000
03:10:49,720 --> 03:10:53,310
First, let me start by saying,
let's talk business.
4001
03:10:53,320 --> 03:10:54,430
- Thank you.
- Thank you, sir.
4002
03:10:54,440 --> 03:10:59,950
Your fundamentals in manufacturing
and yours in design is a good start.
4003
03:10:59,960 --> 03:11:01,190
Tell me the pricing.
4004
03:11:01,200 --> 03:11:02,950
It starts from ₹500
4005
03:11:02,960 --> 03:11:04,320
and goes up to ₹5,000
4006
03:11:08,480 --> 03:11:11,440
- Our carpet is worth ₹5,000.
- The carpet.
4007
03:11:11,600 --> 03:11:14,000
Because it has 18 lakh stitches.
4008
03:11:14,280 --> 03:11:19,750
I loved the fact that you thought
about people, profit and planet.
4009
03:11:19,760 --> 03:11:22,160
- So, from me, it's a...
- Thank you.
4010
03:11:23,320 --> 03:11:26,710
I think, Banana Club,
you aren't sustainable as a company.
4011
03:11:26,720 --> 03:11:29,950
So, Kiki has complemented you
in many ways and saved you today.
4012
03:11:29,960 --> 03:11:33,160
I am almost at the buzzer,
but I want to hold back a little.
4013
03:11:38,320 --> 03:11:39,830
But why are you holding back?
4014
03:11:39,840 --> 03:11:42,390
Ultimately, the challenge
is about sustainability.
4015
03:11:42,400 --> 03:11:44,710
So, if I give the biggest offer
to a fast fashion brand
4016
03:11:44,720 --> 03:11:48,760
on a higher evaluation
during the sustainability round,
4017
03:11:48,960 --> 03:11:51,000
the real challenge
will not be solved.
4018
03:11:52,960 --> 03:11:54,270
But tell me something.
4019
03:11:54,280 --> 03:11:57,310
Will you turn your brand
sustainable in the future?
4020
03:11:57,320 --> 03:11:59,070
Of course, we will work on it.
4021
03:11:59,080 --> 03:12:01,510
The carry bag that
we give to our customers,
4022
03:12:01,520 --> 03:12:04,910
with Banana Club branded on it,
costs us around ₹35-40.
4023
03:12:04,920 --> 03:12:06,550
When we were making these
products in the factory,
4024
03:12:06,560 --> 03:12:09,590
we realised that we could
make bags out of the scraps
4025
03:12:09,600 --> 03:12:11,190
and give them out to the customers.
4026
03:12:11,200 --> 03:12:14,590
We would save money and
this dump will be utilised as well.
4027
03:12:14,600 --> 03:12:16,590
- So, you will do it?
- We will.
4028
03:12:16,600 --> 03:12:18,320
- Are you sure?
- Yes, 100%, sir.
4029
03:12:19,640 --> 03:12:20,880
Sir, one last...
4030
03:12:23,800 --> 03:12:25,670
Love, Kiki is one of
my most favourite brands.
4031
03:12:25,680 --> 03:12:28,750
We must encourage
such a clear person
4032
03:12:28,760 --> 03:12:31,190
and such a beautiful
sense of design.
4033
03:12:31,200 --> 03:12:32,520
So, are you happy I helped you?
4034
03:12:32,640 --> 03:12:34,000
I am very happy. Thank you.
4035
03:12:34,160 --> 03:12:35,870
- Manish loves Kiki.
- Yes.
4036
03:12:35,880 --> 03:12:36,960
A new brand name.
4037
03:12:40,160 --> 03:12:41,990
About Banana Club,
I would like to tell you
4038
03:12:42,000 --> 03:12:44,080
has the best numbers
on this show.
4039
03:12:44,240 --> 03:12:46,110
Last year,
your revenue was 40 crores?
4040
03:12:46,120 --> 03:12:49,950
It was 6, 17,
31 and this year, around 80 crores.
4041
03:12:49,960 --> 03:12:52,430
You are saying good
things about them.
4042
03:12:52,440 --> 03:12:54,030
Why haven't you
pressed the buzzer yet?
4043
03:12:54,040 --> 03:12:56,800
Because...
it's about sustainability today.
4044
03:12:58,320 --> 03:13:01,310
Banana Club,
I think you should have thought
4045
03:13:01,320 --> 03:13:06,440
about making your company genuinely
sustainable in the long term.
4046
03:13:07,560 --> 03:13:10,720
Give them a chance.
They are ready to reform.
4047
03:13:14,440 --> 03:13:15,830
They are ready to reform.
4048
03:13:15,840 --> 03:13:17,470
If you don't give them a chance,
how will they reform?
4049
03:13:17,480 --> 03:13:18,760
I agree with you.
4050
03:13:19,840 --> 03:13:22,190
I just want to see more.
You know we love you so much
4051
03:13:22,200 --> 03:13:23,640
because I love numbers so much.
4052
03:13:23,760 --> 03:13:26,080
Kiki, I am sorry.
It's a collaborative one.
4053
03:13:26,200 --> 03:13:28,360
Manish loves Kiki.
But today we all love Kiki.
4054
03:13:28,600 --> 03:13:29,950
- Yes.
- Thank you.
4055
03:13:29,960 --> 03:13:31,920
- See you on the next pitch.
- Thank you.
4056
03:13:33,160 --> 03:13:34,990
Not happy, because
4057
03:13:35,000 --> 03:13:37,750
everyone understood
my design language and loved it.
4058
03:13:37,760 --> 03:13:40,990
But just because Banana Club
is not sustainable,
4059
03:13:41,000 --> 03:13:44,800
I was judged on that point.
And I find it a little unfair.
4060
03:13:46,080 --> 03:13:48,800
So, next we have Philocaly
and DMOdot.
4061
03:13:58,320 --> 03:14:03,750
Footwear and clothing industry can
negatively impact the environment.
4062
03:14:03,760 --> 03:14:06,920
But a thoughtful effort
can bring about a huge change.
4063
03:14:08,400 --> 03:14:13,040
And keeping this idea in mind,
Philocaly and DMOdot
4064
03:14:13,160 --> 03:14:16,310
have designed two full
looks with sustainable materials.
4065
03:14:16,320 --> 03:14:19,000
This act is named
The Balancing Act.
4066
03:14:26,880 --> 03:14:28,830
Sir, the look you can see
on my right
4067
03:14:28,840 --> 03:14:33,400
has been created using
100% bamboo linen fabric.
4068
03:14:33,600 --> 03:14:37,910
It consists of a sleeveless jacket,
a shurta, wide-leg trousers
4069
03:14:37,920 --> 03:14:42,670
and a Peshawari which
is a mix of bamboo linen and cork.
4070
03:14:42,680 --> 03:14:45,230
And the look that
you are seeing on my left
4071
03:14:45,240 --> 03:14:48,280
is made of 100% hemp fabric.
4072
03:14:48,520 --> 03:14:51,390
It's a modern rendition
of a safari jacket.
4073
03:14:51,400 --> 03:14:54,230
It has wide-leg trousers
and Kolhapuri chappals,
4074
03:14:54,240 --> 03:14:58,160
again made with 100%
hemp and a mixture of cork.
4075
03:14:58,440 --> 03:15:00,070
This look has coconut buttons
4076
03:15:00,080 --> 03:15:02,710
and the other look has
the mother-of-pearl buttons
4077
03:15:02,720 --> 03:15:06,150
Both of them are biodegradable
and do not produce any waste.
4078
03:15:06,160 --> 03:15:10,550
Not only that, but we have
used seed paper packaging.
4079
03:15:10,560 --> 03:15:13,950
The only idea was to
give our customers a chance
4080
03:15:13,960 --> 03:15:17,790
to plant their packaging
and grow plants.
4081
03:15:17,800 --> 03:15:21,480
So, from a box,
you can plant at least 20 plants.
4082
03:15:21,920 --> 03:15:24,190
Shrey, your finishing
looks good today.
4083
03:15:24,200 --> 03:15:26,710
- Thank you, sir.
- And I absolutely love that jacket.
4084
03:15:26,720 --> 03:15:27,510
- Very nice.
- Thank you.
4085
03:15:27,520 --> 03:15:29,590
I am very, very impressed.
4086
03:15:29,600 --> 03:15:31,750
- Thank you.
- I think the execution,
4087
03:15:31,760 --> 03:15:35,670
storyline and thinking...
You did it all in 48 hours.
4088
03:15:35,680 --> 03:15:38,750
You had never worked
with sustainability before.
4089
03:15:38,760 --> 03:15:40,110
- It's very impressive.
- Thank you.
4090
03:15:40,120 --> 03:15:41,990
And, Diipa, the coming
of the two brands together...
4091
03:15:42,000 --> 03:15:43,750
- Absolutely.
- It feels good. There is a sync.
4092
03:15:43,760 --> 03:15:44,950
- It looks cohesive.
- Yeah.
4093
03:15:44,960 --> 03:15:46,390
I think it's also
because you are friends.
4094
03:15:46,400 --> 03:15:47,270
- Yes.
- Yes.
4095
03:15:47,280 --> 03:15:50,390
Your method,
the way you explained it...
4096
03:15:50,400 --> 03:15:52,830
- Especially, this shirt...
- Safari.
4097
03:15:52,840 --> 03:15:54,230
- Sir, it's a safari shirt.
- Isn't it a safari?
4098
03:15:54,240 --> 03:15:56,150
Actually,
Akshay, it will look good on you.
4099
03:15:56,160 --> 03:15:57,830
- A lot.
- Yes, I was thinking...
4100
03:15:57,840 --> 03:16:00,550
- I liked that one a lot.
- Thank you, sir.
4101
03:16:00,560 --> 03:16:02,350
They will go to the Board Room.
4102
03:16:02,360 --> 03:16:03,430
Yes, I feel the same.
4103
03:16:03,440 --> 03:16:05,950
DMOdot, Manish and I, both mentioned it
4104
03:16:05,960 --> 03:16:08,310
that your packaging...
Instead of it being a weakness
4105
03:16:08,320 --> 03:16:12,360
and just a delivery asset,
you can tell a story on it.
4106
03:16:12,520 --> 03:16:16,990
Clearly, it's a sustainable box.
It looks better.
4107
03:16:17,000 --> 03:16:20,950
Philocaly, you used hemp
and bamboo linen,
4108
03:16:20,960 --> 03:16:22,440
which is truly sustainable.
4109
03:16:22,680 --> 03:16:24,510
So, on the sustainability challenge,
4110
03:16:24,520 --> 03:16:26,550
I have no option
but to give you a buzzer
4111
03:16:26,560 --> 03:16:28,000
and want to talk business.
4112
03:16:28,280 --> 03:16:29,960
Thank you. Thank you.
4113
03:16:30,200 --> 03:16:33,560
For the past two times, Dhruv and
Darpan haven't given us the buzzer.
4114
03:16:34,360 --> 03:16:36,920
They keep speaking about the "ask."
4115
03:16:37,040 --> 03:16:40,630
Dhruv has no reason today.
So, he said it wasn't sustainable.
4116
03:16:40,640 --> 03:16:43,350
So, how could he send it
to the Board Room in this episode?
4117
03:16:43,360 --> 03:16:45,990
If you leave
and don't get a funding,
4118
03:16:46,000 --> 03:16:47,750
- will you carry this on?
- Yes.
4119
03:16:47,760 --> 03:16:50,470
I want to launch this collection
and we want
4120
03:16:50,480 --> 03:16:53,190
to cross-sell on our platforms
as a full package.
4121
03:16:53,200 --> 03:16:55,190
So, let's talk business.
4122
03:16:55,200 --> 03:16:56,070
- Thank you.
- Thank you.
4123
03:16:56,080 --> 03:16:59,070
You understood the assignment.
So, it's a yes from me.
4124
03:16:59,080 --> 03:17:00,600
- Thank you.
- Thank you.
4125
03:17:00,960 --> 03:17:03,150
- Tell me something, DMOdot.
- Yes, sir.
4126
03:17:03,160 --> 03:17:05,190
Your shoes are majorly
made of leather.
4127
03:17:05,200 --> 03:17:11,590
Until now, I didn't find the
alternative for leather that I liked.
4128
03:17:11,600 --> 03:17:14,670
Because the top layer is fabric.
It's bamboo.
4129
03:17:14,680 --> 03:17:16,270
But the lining is still leather.
4130
03:17:16,280 --> 03:17:18,790
It's because
we want it to be durable.
4131
03:17:18,800 --> 03:17:21,190
So, the upper covering
is made of hemp.
4132
03:17:21,200 --> 03:17:23,150
- That's all hemp.
- Can I see it?
4133
03:17:23,160 --> 03:17:24,360
Yes, sir, please.
4134
03:17:24,680 --> 03:17:25,920
Show it to me.
4135
03:17:26,280 --> 03:17:28,950
Sir, this inner layer
is made of leather.
4136
03:17:28,960 --> 03:17:31,230
It's the bottom layer.
So, it's still soft.
4137
03:17:31,240 --> 03:17:32,990
- Okay, the bottom layer.
- Yes, the bottom layer is leather.
4138
03:17:33,000 --> 03:17:35,270
- What about the sole?
- It's all cork sole
4139
03:17:35,280 --> 03:17:37,120
- and a rubber sheet.
- Okay. Okay.
4140
03:17:38,400 --> 03:17:39,390
That's lovely.
4141
03:17:39,400 --> 03:17:42,240
I liked it a lot.
Your effort and honesty...
4142
03:17:42,520 --> 03:17:44,230
- So, for me...
- Thank you.
4143
03:17:44,240 --> 03:17:45,200
- Thank you.
- Thank you.
4144
03:17:45,520 --> 03:17:48,350
Neither of you has
been a sustainable brand,
4145
03:17:48,360 --> 03:17:50,510
but I see so much effort today
4146
03:17:50,520 --> 03:17:53,200
and I only wish to
see you in the Board Room.
4147
03:17:53,400 --> 03:17:55,120
I am going to press the buzzer.
4148
03:17:56,920 --> 03:17:59,950
Next year, I should sit
on the other side. The Angel side.
4149
03:17:59,960 --> 03:18:03,360
DMOdot, can you set a sustainable
development goal today?
4150
03:18:03,720 --> 03:18:07,030
Sir, Shrey and I
have actually decided
4151
03:18:07,040 --> 03:18:08,590
that after this show,
4152
03:18:08,600 --> 03:18:11,950
we will change switch to
seed paper packaging.
4153
03:18:11,960 --> 03:18:16,360
After this, we will change our
individual packaging and switch to
4154
03:18:16,520 --> 03:18:18,550
- seed paper.
- Do you promise to do this?
4155
03:18:18,560 --> 03:18:19,600
Yes.
4156
03:18:19,600 --> 03:18:21,230
I am looking forward to seeing
you both in the Board Room.
4157
03:18:21,240 --> 03:18:22,480
Second time for you, Abhishek.
4158
03:18:25,880 --> 03:18:29,070
Here, I felt they
were a little biased.
4159
03:18:29,080 --> 03:18:30,350
I was not expecting this.
4160
03:18:30,360 --> 03:18:33,110
Both of them
are not sustainable right now.
4161
03:18:33,120 --> 03:18:34,830
We weren't sustainable either.
4162
03:18:34,840 --> 03:18:37,230
- But we didn't go.
- But we were trying.
4163
03:18:37,240 --> 03:18:38,950
We tried as well,
but we couldn't go.
4164
03:18:38,960 --> 03:18:40,870
And we were sustainable
and we didn't go either.
4165
03:18:40,880 --> 03:18:41,750
Exactly.
4166
03:18:41,760 --> 03:18:43,040
Inexplicable
4167
03:18:43,240 --> 03:18:47,550
and inconsistent judging
made us restless.
4168
03:18:47,560 --> 03:18:50,790
It's too much hard work.
Our artists were awake
4169
03:18:50,800 --> 03:18:52,950
- the entire night working.
- The entire night...
4170
03:18:52,960 --> 03:18:55,550
- The garments were made overnight.
- People are working hard.
4171
03:18:55,560 --> 03:18:59,870
The least we can have
is a consistent standard of judging.
4172
03:18:59,880 --> 03:19:03,640
So, coming up is Vyakti
and House of Armuse.
4173
03:19:11,880 --> 03:19:14,750
Vyakti India and House
of Armuse presents khadi.
4174
03:19:14,760 --> 03:19:17,910
It's our nation's fabric.
With our plant-based materials,
4175
03:19:17,920 --> 03:19:19,590
we present to you The Reset.
4176
03:19:19,600 --> 03:19:23,390
As you can see, we are representing
one outfit each from that collection.
4177
03:19:23,400 --> 03:19:24,630
We will come a little closer
4178
03:19:24,640 --> 03:19:26,150
so you get to see
what we are wearing.
4179
03:19:26,160 --> 03:19:28,350
We are modelling our own products.
4180
03:19:28,360 --> 03:19:30,710
As you can see,
I am wearing a khadi skirt.
4181
03:19:30,720 --> 03:19:32,070
It's a pencil-fit skirt.
4182
03:19:32,080 --> 03:19:34,470
We have integrated
cactus leather in it
4183
03:19:34,480 --> 03:19:36,760
to cinch the waist beautifully
and highlight it.
4184
03:19:37,000 --> 03:19:39,880
I have created a minimal
shirt to go with it.
4185
03:19:40,040 --> 03:19:41,840
We have included our artwork in it.
4186
03:19:42,040 --> 03:19:44,880
And not to forget
this gorgeous piece of art.
4187
03:19:45,040 --> 03:19:47,040
Sonam will tell you more about it.
4188
03:19:47,400 --> 03:19:49,030
Angels, these are our bags
4189
03:19:49,040 --> 03:19:52,150
and they are made of sustainable,
vegan cactus leather.
4190
03:19:52,160 --> 03:19:55,270
We have used the handcrafting
of the House of Armuse.
4191
03:19:55,280 --> 03:19:57,870
The threads are sustainable.
4192
03:19:57,880 --> 03:20:00,790
We have used wooden buttons.
4193
03:20:00,800 --> 03:20:04,790
The glass beads that
we have used in it are recycled.
4194
03:20:04,800 --> 03:20:10,350
The V-shaped structure of our bags
represents our veganism and Vyakti.
4195
03:20:10,360 --> 03:20:13,270
The entire bag is handmade.
4196
03:20:13,280 --> 03:20:15,870
And you can see the
beautiful work on my dress.
4197
03:20:15,880 --> 03:20:19,030
We have used shells
for the intricate designs.
4198
03:20:19,040 --> 03:20:23,150
- The painting is handcrafted...
- And not to forget your leather.
4199
03:20:23,160 --> 03:20:24,790
And you can see the details.
4200
03:20:24,800 --> 03:20:27,550
We have used cactus leather for it.
4201
03:20:27,560 --> 03:20:28,790
We did it to express
4202
03:20:28,800 --> 03:20:31,710
that we can make something beautiful
4203
03:20:31,720 --> 03:20:33,280
and meaningful with
a sustainable choice.
4204
03:20:33,600 --> 03:20:36,750
You girls are looking
absolutely gorgeous.
4205
03:20:36,760 --> 03:20:38,590
- Thank you, sir.
- Very fashionable.
4206
03:20:38,600 --> 03:20:40,840
- I am pressing the buzzer.
- Wow!
4207
03:20:42,680 --> 03:20:45,310
Let's go.
Let the men take their turn.
4208
03:20:45,320 --> 03:20:47,720
Can I see the person
behind this mask?
4209
03:20:48,160 --> 03:20:49,110
Oh!
4210
03:20:49,120 --> 03:20:50,400
- Oh!
- Wow!
4211
03:21:01,360 --> 03:21:04,320
- Oh!
- Wow!
4212
03:21:04,680 --> 03:21:06,320
Wow!
4213
03:21:06,480 --> 03:21:08,750
In this episode of sustainability,
I thought it was the right time
4214
03:21:08,760 --> 03:21:11,520
to reveal my face
4215
03:21:11,680 --> 03:21:15,430
and show the person
behind Vyakti India.
4216
03:21:15,440 --> 03:21:18,710
You know, when you were walking,
your jacket looked amazing.
4217
03:21:18,720 --> 03:21:20,310
This is made of khadi fabric
4218
03:21:20,320 --> 03:21:23,350
and the detailing is done
using the banana fabric.
4219
03:21:23,360 --> 03:21:26,120
This banana leather
is 100% made in India.
4220
03:21:26,360 --> 03:21:28,230
- Oh.
- We have chosen our designs as per
4221
03:21:28,240 --> 03:21:30,310
our thought and lifestyle.
4222
03:21:30,320 --> 03:21:32,750
I wanted something
classic and minimal.
4223
03:21:32,760 --> 03:21:35,990
But then, we have infused their
banana leather in certain details.
4224
03:21:36,000 --> 03:21:37,990
The buttons are also wooden here.
4225
03:21:38,000 --> 03:21:41,190
- This guy is all about original--
- All about experimentation.
4226
03:21:41,200 --> 03:21:43,030
You can see a mascot at the back.
4227
03:21:43,040 --> 03:21:45,110
As a brand, the House of
Armuse and Vyakti India
4228
03:21:45,120 --> 03:21:46,550
have collaborated for this to prove
4229
03:21:46,560 --> 03:21:49,400
that sustainability
can be fashionable.
4230
03:21:49,960 --> 03:21:52,360
But, boys, sorry.
The girls had my heart today.
4231
03:21:52,640 --> 03:21:53,990
- For sure.
- They just killed it.
4232
03:21:54,000 --> 03:21:55,190
They pretty much do, sir.
4233
03:21:55,200 --> 03:21:56,990
Girl power. They killed it.
4234
03:21:57,000 --> 03:21:58,590
Personally, I am loving it so much.
4235
03:21:58,600 --> 03:22:01,430
This looks like a western outfit,
4236
03:22:01,440 --> 03:22:03,670
but it has an Indian touch and art.
4237
03:22:03,680 --> 03:22:05,310
- I could wear this...
- Yes.
4238
03:22:05,320 --> 03:22:07,680
- ...anywhere in the world.
- Thank you. That's a big thing.
4239
03:22:08,000 --> 03:22:10,000
- Yeah!
- Yay!
4240
03:22:10,360 --> 03:22:12,640
I have pressed the buzzer thrice.
4241
03:22:14,440 --> 03:22:16,590
In terms of the collaboration,
4242
03:22:16,600 --> 03:22:19,910
I was nervous that your
style is ethnic Indian wear.
4243
03:22:19,920 --> 03:22:21,750
You would just use a bag.
4244
03:22:21,760 --> 03:22:23,640
- You fully integrated...
- Doesn't show at all.
4245
03:22:23,800 --> 03:22:25,230
- Wow.
- I have a request.
4246
03:22:25,240 --> 03:22:28,030
When you go forward,
present this to the world.
4247
03:22:28,040 --> 03:22:30,270
- Yes, sir. We will.
- You all will be able to make
4248
03:22:30,280 --> 03:22:33,150
awareness much better than many
other people in this space.
4249
03:22:33,160 --> 03:22:34,080
Yes, sir.
4250
03:22:35,080 --> 03:22:36,310
- Thank you, it means a lot.
- Thank you, sir.
4251
03:22:36,320 --> 03:22:38,510
I can't wait to see all
four of you in the Board Room.
4252
03:22:38,520 --> 03:22:39,680
Let's talk business.
4253
03:22:40,560 --> 03:22:41,840
Whoa!
4254
03:22:43,080 --> 03:22:46,480
I didn't know that banana
could be used to make leather.
4255
03:22:46,680 --> 03:22:48,840
Next time, wear a banana
mask and not a rabbit mask.
4256
03:22:49,960 --> 03:22:51,960
So, Akshay, are you
pressing the buzzer or not?
4257
03:22:52,120 --> 03:22:54,680
I was going to do it earlier,
but he did it first.
4258
03:22:55,200 --> 03:22:56,960
- Oh, wow!
- Thank you, sir.
4259
03:22:57,680 --> 03:22:58,670
- Amazing. Well done.
- Very nice.
4260
03:22:58,680 --> 03:23:00,120
- Really nice.
- Thank you, sir.
4261
03:23:03,360 --> 03:23:07,720
It was a decent effort,
but taking them to the Board Room...
4262
03:23:08,640 --> 03:23:09,510
Maybe not.
4263
03:23:09,520 --> 03:23:12,630
I am sure the Angels are seeing
something more than we are.
4264
03:23:12,640 --> 03:23:15,800
So, the next is Banana Labs
and Linetribe.
4265
03:23:22,280 --> 03:23:25,160
Without further ado,
let's give you Kayanat.
4266
03:23:29,400 --> 03:23:32,040
This product has Gaurav's vibe.
Linetribe.
4267
03:23:32,360 --> 03:23:33,550
The others are designers as well.
4268
03:23:33,560 --> 03:23:36,160
But his product
is a fashion show product.
4269
03:23:51,280 --> 03:23:54,030
I have designed
separate silhouettes.
4270
03:23:54,040 --> 03:23:55,950
You can wear them separately.
4271
03:23:55,960 --> 03:23:57,430
You can wear it as an outfit.
4272
03:23:57,440 --> 03:23:59,550
You can wear it in different ways
4273
03:23:59,560 --> 03:24:01,800
with what you already
have in your wardrobe.
4274
03:24:02,680 --> 03:24:05,790
The textiles used
are all natural textiles.
4275
03:24:05,800 --> 03:24:07,360
They are cotton, linens,
4276
03:24:07,560 --> 03:24:09,030
and there is something
very interesting
4277
03:24:09,040 --> 03:24:11,110
which I just learnt
about two days ago.
4278
03:24:11,120 --> 03:24:12,630
It is called achada.
4279
03:24:12,640 --> 03:24:15,030
I will let Mariyam
tell you more about achada.
4280
03:24:15,040 --> 03:24:17,870
Mariyam, before you start,
my dear, where is your mother?
4281
03:24:17,880 --> 03:24:20,190
My mom is not well.
So, she is in Delhi.
4282
03:24:20,200 --> 03:24:21,670
- Oh.
- Oh, no.
4283
03:24:21,680 --> 03:24:24,080
- Okay. So, come on.
- So, what is achada?
4284
03:24:25,080 --> 03:24:29,710
When we do block printing, a lining
fabric is spread upon the table.
4285
03:24:29,720 --> 03:24:34,510
We place the fabric for block
printing over that lining fabric.
4286
03:24:34,520 --> 03:24:38,390
During the printing, the colour
seeps down to the lining fabric.
4287
03:24:38,400 --> 03:24:40,790
That fabric is traditionally wasted.
4288
03:24:40,800 --> 03:24:42,070
What we have done here...
4289
03:24:42,080 --> 03:24:46,790
We have tried to create a textured
outerwear called achada
4290
03:24:46,800 --> 03:24:48,600
made completely out of waste.
4291
03:24:48,840 --> 03:24:50,430
- Wow!
- This is good.
4292
03:24:50,440 --> 03:24:51,480
This is nice.
4293
03:24:52,040 --> 03:24:54,110
I am going to go and look at it,
guys. It looks interesting.
4294
03:24:54,120 --> 03:24:56,030
Let me also tell you
that this entire collection
4295
03:24:56,040 --> 03:24:57,590
- is made out of block printing.
- Love.
4296
03:24:57,600 --> 03:24:58,630
- Love everything.
- What we are trying to do with
4297
03:24:58,640 --> 03:25:02,630
block printing is to create
a modern outlook with it.
4298
03:25:02,640 --> 03:25:05,960
The pink dot here
signifies the Earth.
4299
03:25:06,360 --> 03:25:08,120
An Earth that is kinder.
4300
03:25:08,280 --> 03:25:10,190
That brings me to the final point.
4301
03:25:10,200 --> 03:25:13,350
Sustainability is not boring.
You could be.
4302
03:25:13,360 --> 03:25:15,720
Introducing our
transformative garments.
4303
03:25:15,920 --> 03:25:17,640
Come on, guys.
Let's show them the surprise.
4304
03:25:19,360 --> 03:25:21,230
Nice!
4305
03:25:21,240 --> 03:25:25,230
One of the major things
that we discovered
4306
03:25:25,240 --> 03:25:27,350
while doing our research
on sustainability
4307
03:25:27,360 --> 03:25:29,430
and it's a part of my brand,
4308
03:25:29,440 --> 03:25:32,430
it's the number of wears
per garment.
4309
03:25:32,440 --> 03:25:36,920
You need to create garments that you
can wear over a long period of time.
4310
03:25:37,120 --> 03:25:40,030
As you can see,
the mood of both jackets has changed.
4311
03:25:40,040 --> 03:25:42,640
- Sustainable and fashionable.
- Yes.
4312
03:25:43,360 --> 03:25:44,590
- Whoa!
- Thank you, Manish.
4313
03:25:44,600 --> 03:25:50,150
Personally, I am a big fan
of traditional practices,
4314
03:25:50,160 --> 03:25:53,070
fabrics and everything
that India is known for.
4315
03:25:53,080 --> 03:25:54,870
- You have my vote.
- Thank you.
4316
03:25:54,880 --> 03:25:57,430
- Thank you so much.
- Why is your Earth pink?
4317
03:25:57,440 --> 03:25:58,520
Why not blue?
4318
03:26:00,200 --> 03:26:04,950
The Earth is pink because we wanted
to say that we have seen blue Earth,
4319
03:26:04,960 --> 03:26:07,200
but it's not really working out.
4320
03:26:07,360 --> 03:26:09,870
The blue Earth has not translated...
4321
03:26:09,880 --> 03:26:11,710
Do you think
the pink will translate?
4322
03:26:11,720 --> 03:26:13,910
It's a mindset shift
that we are representing.
4323
03:26:13,920 --> 03:26:16,080
Look at the world
through pink glasses.
4324
03:26:16,240 --> 03:26:18,270
- Pink glasses, yeah.
- Just because of the pink,
4325
03:26:18,280 --> 03:26:20,520
- I am going to...
- Wow.
4326
03:26:23,520 --> 03:26:26,520
Your dual-use jacket
was an amazing moment.
4327
03:26:26,680 --> 03:26:28,480
- Yes.
- So, for the spirit of innovation,
4328
03:26:28,720 --> 03:26:31,310
I would like to encourage
you with a "let's talk business."
4329
03:26:31,320 --> 03:26:32,990
- Oh, nice.
- Thank you.
4330
03:26:33,000 --> 03:26:35,680
- Thank you, Dhruv.
- I am holding back for sustainability.
4331
03:26:36,080 --> 03:26:40,790
I don't think that you pushed
the envelope completely here,
4332
03:26:40,800 --> 03:26:44,040
but it's great that you took
the first steps and made the effort.
4333
03:26:45,600 --> 03:26:47,830
Let's talk a little bit
about the pricing.
4334
03:26:47,840 --> 03:26:49,110
- Yes.
- Who is your target group?
4335
03:26:49,120 --> 03:26:51,910
Our target group is younger,
cooler people
4336
03:26:51,920 --> 03:26:54,360
who are now getting educated
about sustainability.
4337
03:26:54,600 --> 03:26:56,920
But they are seeing brands
that are very expensive.
4338
03:26:58,400 --> 03:27:01,440
Because her impact
is amongst access.
4339
03:27:02,720 --> 03:27:04,910
He is answering
the question incorrectly.
4340
03:27:04,920 --> 03:27:09,430
Even as I am speaking, I am seeing
that I am losing Ronnie Screwvala.
4341
03:27:09,440 --> 03:27:10,790
Where will you put this? Which shop?
4342
03:27:10,800 --> 03:27:13,990
We will create a 16-piece collection,
create the hype
4343
03:27:14,000 --> 03:27:15,440
and drop it online.
4344
03:27:15,640 --> 03:27:18,390
Then we will see how and
where we want to place it offline.
4345
03:27:18,400 --> 03:27:21,280
Sorry to say, but you should
put more thought into it.
4346
03:27:22,480 --> 03:27:25,360
I am not connecting with
how it will reach the consumers.
4347
03:27:26,760 --> 03:27:28,230
Online is interesting,
4348
03:27:28,240 --> 03:27:30,040
but I think,
it is going to be a little tough.
4349
03:27:30,880 --> 03:27:32,710
This learning is important to me.
4350
03:27:32,720 --> 03:27:38,840
Answer the question being asked to
you directly, quickly and precisely.
4351
03:27:39,080 --> 03:27:41,640
One doesn't need a story every time.
4352
03:27:41,880 --> 03:27:43,110
- So, let's go to the Board Room.
- Let's go to the Board Room.
4353
03:27:43,120 --> 03:27:45,000
- Yes.
- Shall we? They are all waiting.
4354
03:27:48,360 --> 03:27:50,190
Until now,
4355
03:27:50,200 --> 03:27:53,200
I have been very
instantaneous in giving answers.
4356
03:27:53,480 --> 03:27:56,720
It's not a good strategy.
Hoping and praying for the best.
4357
03:27:59,240 --> 03:28:02,320
Okay. So, guys, we have Philocaly
for the first time in the Board Room.
4358
03:28:04,040 --> 03:28:05,480
- Hello.
- Hello.
4359
03:28:09,400 --> 03:28:11,480
Shrey, what is your plan of growth?
4360
03:28:11,800 --> 03:28:13,550
We want to add two
more flagship stores.
4361
03:28:13,560 --> 03:28:16,120
- We already have two stores and--
- Where are they?
4362
03:28:16,480 --> 03:28:17,480
In Delhi and Hyderabad.
4363
03:28:17,680 --> 03:28:19,070
And we have six franchise stores.
4364
03:28:19,080 --> 03:28:20,720
And what is your ask from us?
4365
03:28:20,920 --> 03:28:23,240
Sir, my ask is ₹2 crore
for 5% equity.
4366
03:28:23,680 --> 03:28:25,030
- At ₹40 crore valuation.
- At ₹40 crore.
4367
03:28:25,040 --> 03:28:26,310
His valuation is ₹40 crore.
4368
03:28:26,320 --> 03:28:28,350
Last year,
your revenue was ₹5 crore.
4369
03:28:28,360 --> 03:28:30,230
It went down from 7 to 5.5.
4370
03:28:30,240 --> 03:28:31,830
- I would like to explain it.
- Yes, please explain it.
4371
03:28:31,840 --> 03:28:36,550
Yes. So, basically, last year,
I bought out my co-founder.
4372
03:28:36,560 --> 03:28:39,550
Last year, the revenue from
the first quarter and two months
4373
03:28:39,560 --> 03:28:41,590
went into closing that deal.
4374
03:28:41,600 --> 03:28:44,240
This year, your projected
revenue is ₹10 crore.
4375
03:28:47,560 --> 03:28:49,670
Okay, I understand
that it was a co-founder
4376
03:28:49,680 --> 03:28:50,630
issue you were dealing with.
4377
03:28:50,640 --> 03:28:52,480
No, I don't understand that issue.
I am sorry.
4378
03:28:55,920 --> 03:28:58,480
Look, you will raise
funds in the future.
4379
03:28:58,720 --> 03:29:00,590
You will face team
issues and hire a CEO.
4380
03:29:00,600 --> 03:29:03,080
If the CEO leaves, you will
have to restructure everything.
4381
03:29:03,240 --> 03:29:04,640
The business has to remain the same.
4382
03:29:05,600 --> 03:29:07,070
You had five franchise stores, Shrey.
4383
03:29:07,080 --> 03:29:08,800
They are being managed on their own.
4384
03:29:09,000 --> 03:29:11,760
From the two flagship stores,
one is running from 2018.
4385
03:29:11,920 --> 03:29:15,680
Honestly, that's a small red flag.
4386
03:29:15,840 --> 03:29:19,070
Because of that,
your valuation ask...
4387
03:29:19,080 --> 03:29:20,640
I am not able to get a grasp on it.
4388
03:29:23,360 --> 03:29:24,870
Manish had asked you in the beginning
4389
03:29:24,880 --> 03:29:26,720
if you were a part
of the design or tailoring.
4390
03:29:27,480 --> 03:29:28,710
What is your final answer for that?
4391
03:29:28,720 --> 03:29:30,270
I think it was clear.
4392
03:29:30,280 --> 03:29:31,880
We are a little bit of both.
4393
03:29:32,200 --> 03:29:34,000
A little bit of both
is not a great answer.
4394
03:29:36,040 --> 03:29:37,560
Your ask is for ₹2 crore. Correct?
4395
03:29:37,720 --> 03:29:38,750
What will you do with the money?
4396
03:29:38,760 --> 03:29:39,910
Stock creation.
4397
03:29:39,920 --> 03:29:43,030
Some part of it to open
two new flagship stores,
4398
03:29:43,040 --> 03:29:43,950
not franchise stores.
4399
03:29:43,960 --> 03:29:45,870
Franchise stores are
pretty much on auto run.
4400
03:29:45,880 --> 03:29:49,000
I don't understand why you
can't scale faster with franchising.
4401
03:29:50,840 --> 03:29:54,310
My flagship growth
margin is 70%,
4402
03:29:54,320 --> 03:29:56,870
whereas my franchise growth margin
is 50%.
4403
03:29:56,880 --> 03:29:58,190
This is the problem.
4404
03:29:58,200 --> 03:29:59,670
We have to understand
4405
03:29:59,680 --> 03:30:03,120
if your way ahead
should be owned stores
4406
03:30:05,840 --> 03:30:08,430
or franchise stores.
There, the gross margin is lower,
4407
03:30:08,440 --> 03:30:09,920
but you don't need to invest.
4408
03:30:11,880 --> 03:30:12,950
Shrey, what I suggest
4409
03:30:12,960 --> 03:30:15,360
In the next board meeting,
come back with
4410
03:30:15,600 --> 03:30:19,560
the growth paths of
franchising and owning a store.
4411
03:30:21,040 --> 03:30:22,070
And also come back
4412
03:30:22,080 --> 03:30:25,750
with a vision of how you see
your brand five years from now.
4413
03:30:25,760 --> 03:30:28,080
After all, ready-to-wear
is the only way to scale up.
4414
03:30:30,320 --> 03:30:32,190
They gave me a homework
and sent me back.
4415
03:30:32,200 --> 03:30:35,390
They wanted a breakdown of how much
I would spend on a franchise.
4416
03:30:35,400 --> 03:30:37,950
They are confident
that I will return.
4417
03:30:37,960 --> 03:30:39,110
That's a good sign for me.
4418
03:30:39,120 --> 03:30:41,230
Okay. So, the next person is DMOdot
4419
03:30:41,240 --> 03:30:43,880
- What does DMO mean?
- Let's ask him.
4420
03:30:45,000 --> 03:30:46,150
- Hi, Abhishek.
- Hi, Abhishek.
4421
03:30:46,160 --> 03:30:48,080
- Hello.
- Akshay wants to know
4422
03:30:48,280 --> 03:30:49,790
what your brand stands for.
4423
03:30:49,800 --> 03:30:54,480
Sir, my brand stands for
Designer Modern Originals.
4424
03:30:54,640 --> 03:30:56,750
- Okay.
- So, we are a blend of
4425
03:30:56,760 --> 03:30:59,560
traditional designs
with a modern twist.
4426
03:30:59,760 --> 03:31:01,830
When you began the business,
who invested first?
4427
03:31:01,840 --> 03:31:02,630
- Was it you?
- My father did.
4428
03:31:02,640 --> 03:31:03,590
- Your father?
- Yes.
4429
03:31:03,600 --> 03:31:04,920
How much did he invest?
4430
03:31:05,160 --> 03:31:07,880
Initially, ₹15 lakh. Yes.
4431
03:31:07,880 --> 03:31:09,030
So, what did you tell him?
4432
03:31:09,040 --> 03:31:13,360
I told him that I would do an MBA,
4433
03:31:13,520 --> 03:31:14,710
but after 2 years,
4434
03:31:14,720 --> 03:31:17,800
I would be sitting there and speaking
to him about what I had to do next.
4435
03:31:18,600 --> 03:31:22,480
So, I told him to
give me ₹15 lakh
4436
03:31:22,840 --> 03:31:24,750
and I would try to
do something on my own.
4437
03:31:24,760 --> 03:31:25,350
Clever.
4438
03:31:25,360 --> 03:31:27,240
So, you took ₹15 lakh
from your father.
4439
03:31:27,760 --> 03:31:29,000
What do you want from us today?
4440
03:31:29,360 --> 03:31:33,640
Today, to be honest, I want
another chance from you.
4441
03:31:35,960 --> 03:31:39,280
I would like to opt out
from this negotiation.
4442
03:31:44,080 --> 03:31:47,550
It's because I know what I deserve
4443
03:31:47,560 --> 03:31:50,470
- and I have done...
- This is the first time I am hearing
4444
03:31:50,480 --> 03:31:52,590
someone say that
they want to come back.
4445
03:31:52,600 --> 03:31:54,110
I want to come back
and show you more...
4446
03:31:54,120 --> 03:31:55,070
You want to show more
4447
03:31:55,080 --> 03:31:57,680
so that you can negotiate tightly.
4448
03:32:02,920 --> 03:32:05,910
There should be
no chance to negotiate.
4449
03:32:05,920 --> 03:32:07,070
You want to loot us.
4450
03:32:07,080 --> 03:32:10,070
No, I want to take
what I am asking for.
4451
03:32:10,080 --> 03:32:13,190
- I feel that my ask is justified.
- He already got an offer.
4452
03:32:13,200 --> 03:32:15,240
So, there is a huge gap between us.
4453
03:32:17,800 --> 03:32:21,030
But the format of
our show is only to--
4454
03:32:21,040 --> 03:32:22,800
That's why he wants
to opt out, Manish.
4455
03:32:24,720 --> 03:32:26,880
You are using business tactics here.
4456
03:32:27,120 --> 03:32:27,990
It's a good thing.
4457
03:32:28,000 --> 03:32:30,590
Sir, I feel what I did
in the last 7 years
4458
03:32:30,600 --> 03:32:31,790
and the place I am standing at...
4459
03:32:31,800 --> 03:32:34,560
If I can't show you
everything that I have done,
4460
03:32:34,880 --> 03:32:37,000
it won't do justice to my business.
4461
03:32:40,600 --> 03:32:42,470
- It's a great decision.
- Thank you, sir.
4462
03:32:42,480 --> 03:32:45,920
I wish you good luck
and lots of prayers with you.
4463
03:32:46,200 --> 03:32:47,630
- Thank you very much.
- Thank you, sir.
4464
03:32:47,640 --> 03:32:48,880
- Lovely meeting you, sir.
- Thank you.
4465
03:32:49,080 --> 03:32:50,190
- Thank you. See you.
- Bye, sir.
4466
03:32:50,200 --> 03:32:51,360
- Thank you.
- Bye.
4467
03:32:51,760 --> 03:32:53,790
If I get what I am asking for,
it will be great.
4468
03:32:53,800 --> 03:32:55,150
My ask is ₹90 lakh.
4469
03:32:55,160 --> 03:32:57,550
On this show,
I have been observing
4470
03:32:57,560 --> 03:32:58,910
what people are asking for
and what they are getting.
4471
03:32:58,920 --> 03:33:02,350
So, I feel that
I have asked for very less.
4472
03:33:02,360 --> 03:33:04,640
If I have to negotiate for that,
4473
03:33:05,160 --> 03:33:06,520
it's not aligning for me.
4474
03:33:06,840 --> 03:33:07,960
Oh, they are back.
4475
03:33:08,120 --> 03:33:11,230
- Hello, fellas.
- What are you holding?
4476
03:33:11,240 --> 03:33:13,640
- He has something.
- Yay, I didn't get it.
4477
03:33:14,640 --> 03:33:17,030
- Neither did I.
- Who spread this rumour?
4478
03:33:17,040 --> 03:33:21,120
DMOdot, who went to the Board Room
for the second time
4479
03:33:21,280 --> 03:33:22,470
and said no.
4480
03:33:22,480 --> 03:33:25,000
Basically, I told them
that when I show them
4481
03:33:25,160 --> 03:33:28,150
my abilities to the fullest,
4482
03:33:28,160 --> 03:33:31,760
I would be able to accept
what I am asking for.
4483
03:33:33,120 --> 03:33:34,910
I opted out of the negotiation.
4484
03:33:34,920 --> 03:33:36,360
- Love your confidence!
- Wow.
4485
03:33:38,000 --> 03:33:40,160
The money is reducing.
It's happening quickly.
4486
03:33:40,640 --> 03:33:42,030
Even if your ask is small,
4487
03:33:42,040 --> 03:33:45,110
it's possible that you
won't get it in the future.
4488
03:33:45,120 --> 03:33:47,950
Now, he has lost two chances.
4489
03:33:47,960 --> 03:33:53,200
I hope he understands that, in the
future, this may lead to his downfall.
4490
03:33:54,640 --> 03:33:56,760
Sarthak, how long has it been?
4491
03:33:57,080 --> 03:33:59,190
Sir, I began right out of my college.
4492
03:33:59,200 --> 03:34:01,790
You seem very confident
towards your job.
4493
03:34:01,800 --> 03:34:05,120
Sir, Vyakti is not just a product.
4494
03:34:05,360 --> 03:34:06,640
It's my whole story.
4495
03:34:06,920 --> 03:34:10,160
I have evolved Vyakti
since my childhood.
4496
03:34:10,720 --> 03:34:13,680
I come from a family...
Even now, we own a tea shop.
4497
03:34:17,560 --> 03:34:19,830
We lived in a house
where we shared washrooms.
4498
03:34:19,840 --> 03:34:22,430
Our family of four used to attend
weddings on a scooter.
4499
03:34:22,440 --> 03:34:24,640
To buy our first car
or to buy a home...
4500
03:34:24,960 --> 03:34:27,240
That evolution
was something
4501
03:34:27,440 --> 03:34:28,630
that flashes before my eyes.
4502
03:34:28,640 --> 03:34:30,560
I still remember
my first Reebok shoes.
4503
03:34:30,760 --> 03:34:31,870
They were ₹1,600.
4504
03:34:31,880 --> 03:34:33,360
I still remember the whole journey.
4505
03:34:34,040 --> 03:34:35,320
How it went...
4506
03:34:35,880 --> 03:34:37,190
- Sorry.
- So, I still remember that.
4507
03:34:37,200 --> 03:34:38,360
I still...
4508
03:34:41,320 --> 03:34:44,990
I want to say that you did
a great thing by removing your mask.
4509
03:34:45,000 --> 03:34:48,440
Today, we are connecting with you
and to your heart.
4510
03:34:51,480 --> 03:34:53,080
To your human nature.
4511
03:34:55,480 --> 03:34:58,990
Do you think I should make
a movie on sustainability?
4512
03:34:59,000 --> 03:35:01,440
- Of course, sir.
- Shall I use your story?
4513
03:35:01,600 --> 03:35:03,590
- Of course, sir. I would love to.
- Great.
4514
03:35:03,600 --> 03:35:05,230
- I would love to.
- First, become something.
4515
03:35:05,240 --> 03:35:07,310
I am sitting in
front of you for that.
4516
03:35:07,320 --> 03:35:10,990
If I can do something
better after this...
4517
03:35:11,000 --> 03:35:13,840
You have reached
this stage in your life.
4518
03:35:14,000 --> 03:35:15,950
- First, congratulations on that.
- Thank you, sir.
4519
03:35:15,960 --> 03:35:18,680
So, let's talk about
business and numbers.
4520
03:35:19,920 --> 03:35:22,760
Guys, this is his second
time in the Board Room.
4521
03:35:24,240 --> 03:35:25,510
We discussed the last time.
4522
03:35:25,520 --> 03:35:28,310
I told him to come prepared to
the Board Room. We were stuck there.
4523
03:35:28,320 --> 03:35:29,760
Your ask is for ₹60 lakh.
4524
03:35:30,000 --> 03:35:32,880
Explain to us the way
you will use that money quickly.
4525
03:35:33,160 --> 03:35:36,070
Our expenses are around
₹1.02 crore.
4526
03:35:36,080 --> 03:35:37,510
Give us the breakdown.
4527
03:35:37,520 --> 03:35:39,920
For salaries, ₹33,60,000
4528
03:35:40,080 --> 03:35:42,110
For ad spends, it's ₹25 lakh.
4529
03:35:42,120 --> 03:35:43,950
For inventory,
we need ₹20 lakh.
4530
03:35:43,960 --> 03:35:45,590
For office expenses,
we need ₹12 lakh.
4531
03:35:45,600 --> 03:35:48,110
Then there is a software
fee of ₹1,30,000
4532
03:35:48,120 --> 03:35:49,110
- Basically...
- Capex.
4533
03:35:49,120 --> 03:35:52,400
Capex is ₹4,83,000
4534
03:35:52,600 --> 03:35:57,030
The money spent on making the
monthly content is ₹3,60,000
4535
03:35:57,040 --> 03:35:58,310
We need custom hardware.
4536
03:35:58,320 --> 03:36:00,350
For that development,
we have kept ₹2 lakh aside.
4537
03:36:00,360 --> 03:36:02,390
It's because
the dye-making cost is huge.
4538
03:36:02,400 --> 03:36:03,750
You have given us
the breakdown for ₹1 crore.
4539
03:36:03,760 --> 03:36:06,110
I think you didn't
calculate one thing.
4540
03:36:06,120 --> 03:36:09,080
You will have the surplus
fund from the revenue generated.
4541
03:36:09,320 --> 03:36:11,760
It makes me feel
more comfortable, honestly.
4542
03:36:13,960 --> 03:36:19,840
I think what you need is
a co-founder, co-partner or a mentor.
4543
03:36:22,800 --> 03:36:24,190
You have come from a background
4544
03:36:24,200 --> 03:36:27,670
where you want to work
for the next five or ten years
4545
03:36:27,680 --> 03:36:29,310
on this and build it into something.
4546
03:36:29,320 --> 03:36:31,430
- Absolutely.
- Your ask won't do.
4547
03:36:31,440 --> 03:36:33,400
Just take ₹1 crore.
4548
03:36:35,800 --> 03:36:37,560
That's what you need.
That's what you need.
4549
03:36:42,600 --> 03:36:44,720
So, tell him the final offer.
4550
03:36:46,480 --> 03:36:48,360
Sarthak, this hasn't happened
on the show until now.
4551
03:36:50,760 --> 03:36:52,720
Your ask is ₹60 lakh.
4552
03:36:54,640 --> 03:36:56,640
I think we are prepared
to give you ₹1 crore.
4553
03:36:59,720 --> 03:37:02,640
And we will meet your valuation
number of ₹2 crore.
4554
03:37:04,880 --> 03:37:08,920
It's ₹1 crore, ₹2 crore in
valuation for 50% equity.
4555
03:37:16,840 --> 03:37:17,830
Do you want to take a minute?
4556
03:37:17,840 --> 03:37:19,640
Step out, discuss and come back.
4557
03:37:20,240 --> 03:37:21,240
Do you want to take it?
4558
03:37:21,400 --> 03:37:23,320
- I am ready.
- Can't take this decision...
4559
03:37:23,680 --> 03:37:25,200
I have the box ready.
4560
03:37:28,240 --> 03:37:29,800
But return quickly. I am hungry.
4561
03:37:32,560 --> 03:37:34,510
- What do you think?
- I think it's a great deal for them.
4562
03:37:34,520 --> 03:37:36,600
They are in the concept stage.
4563
03:37:36,760 --> 03:37:39,760
They have seen something
in our bags.
4564
03:37:39,920 --> 03:37:42,190
So, they are asking
for 50% equity.
4565
03:37:42,200 --> 03:37:44,590
We can't go for 50%.
4566
03:37:44,600 --> 03:37:46,110
Let's stick with 30%.
4567
03:37:46,120 --> 03:37:47,360
I think we have been lenient.
4568
03:37:47,520 --> 03:37:48,790
It's half the brand.
4569
03:37:48,800 --> 03:37:51,630
You have worked hard
to develop this from the first day.
4570
03:37:51,640 --> 03:37:53,710
I think what we are paying
is for the cause.
4571
03:37:53,720 --> 03:37:55,550
- Yeah.
- Actually, I am surprised
4572
03:37:55,560 --> 03:37:56,990
that they are thinking about it.
4573
03:37:57,000 --> 03:37:58,990
Well, 50% is
a big setback for people
4574
03:37:59,000 --> 03:38:00,430
when they have started something.
4575
03:38:00,440 --> 03:38:02,160
Do you think
they are still negotiating?
4576
03:38:02,320 --> 03:38:04,600
- No, right? They may be fighting.
- They need to...
4577
03:38:05,080 --> 03:38:06,920
- Who?
- Sonam and Sarthak.
4578
03:38:07,200 --> 03:38:11,230
Again fighting? "I will take
the bag. No, I will take it."
4579
03:38:11,240 --> 03:38:13,350
Actually, that must be
half the fight.
4580
03:38:13,360 --> 03:38:16,350
What I am saying is, if they
are not ready for the 30%,
4581
03:38:16,360 --> 03:38:17,950
we will say that we will come again.
4582
03:38:17,960 --> 03:38:19,950
They won't have that again.
4583
03:38:19,960 --> 03:38:21,710
If you don't accept this,
we can come back.
4584
03:38:21,720 --> 03:38:22,870
- We can.
- I cannot come back.
4585
03:38:22,880 --> 03:38:25,830
We can. We can. We can.
4586
03:38:25,840 --> 03:38:27,590
I don't think he is ready
to give up 50%.
4587
03:38:27,600 --> 03:38:29,270
- Okay, let's do one thing.
- Okay.
4588
03:38:29,280 --> 03:38:31,200
- I will say yes.
- I will bet on the other side.
4589
03:38:35,720 --> 03:38:39,000
I am so happy that
you guys believed in us.
4590
03:38:42,000 --> 03:38:43,670
But initially, I feel like...
4591
03:38:43,680 --> 03:38:44,960
This is our baby.
4592
03:38:46,360 --> 03:38:49,560
How we have worked
all night in the factory...
4593
03:38:49,920 --> 03:38:52,080
Standing the whole day
at the exhibition
4594
03:38:52,760 --> 03:38:54,040
representing your brand...
4595
03:38:54,360 --> 03:38:56,750
Suddenly, when somebody says,
4596
03:38:56,760 --> 03:38:58,390
the investor will take 50%,
4597
03:38:58,400 --> 03:39:00,670
- it's something that hits...
- Hey...
4598
03:39:00,680 --> 03:39:02,720
I would like to say
something to you.
4599
03:39:02,840 --> 03:39:06,430
You said that you kept standing,
you worked hard...
4600
03:39:06,440 --> 03:39:08,230
You are getting too
impressed with yourself.
4601
03:39:08,240 --> 03:39:11,630
- No. No... Of course, not.
- Because I would like to tell you
4602
03:39:11,640 --> 03:39:15,760
that after working for 35 years,
I have an investment in my brand.
4603
03:39:16,000 --> 03:39:18,710
We are working the
same amount even today.
4604
03:39:18,720 --> 03:39:20,470
But you came back
with a conclusion, right?
4605
03:39:20,480 --> 03:39:23,080
Sir, can we do anything less
than 50?
4606
03:39:30,360 --> 03:39:34,630
Sarthak, understand this.
If it's 50%,
4607
03:39:34,640 --> 03:39:37,640
it will feel like
an equal partnership.
4608
03:39:39,280 --> 03:39:42,800
- Right now, you need help.
- You need that help.
4609
03:39:53,760 --> 03:39:54,760
Hey! Oh, no!
4610
03:39:58,080 --> 03:39:59,560
I am going home.
4611
03:40:03,840 --> 03:40:05,630
- Oh!
- He got ₹1 crore!
4612
03:40:05,640 --> 03:40:07,680
- Yeah. Yeah. Yeah.
- Didn't I say that?
4613
03:40:07,960 --> 03:40:09,480
We lost ₹1 crore.
4614
03:40:10,200 --> 03:40:11,400
- Only Vyakti.
- No.
4615
03:40:11,600 --> 03:40:14,830
Vyakti was asking for ₹60 lakh.
4616
03:40:14,840 --> 03:40:17,880
- How can Armuse agree to ₹1 crore?
- They won't agree to ₹1 crore.
4617
03:40:18,120 --> 03:40:19,750
- No, they won't stop there.
- No.
4618
03:40:19,760 --> 03:40:22,550
- How will--
- Will they give Vyakti more?
4619
03:40:22,560 --> 03:40:24,470
- Will they give Vyakti more?
- No. No. No.
4620
03:40:24,480 --> 03:40:26,550
- Yes.
- They must have taken 50-60%
4621
03:40:26,560 --> 03:40:28,150
in equity and given him a crore.
4622
03:40:28,160 --> 03:40:31,910
Or else, Armuse has parted
with less equity guys.
4623
03:40:31,920 --> 03:40:34,310
- They can't give him that much.
- Yeah.
4624
03:40:34,320 --> 03:40:37,400
What was their ask? Was it 5 or 10?
4625
03:40:37,640 --> 03:40:38,510
Armuse.
4626
03:40:38,520 --> 03:40:40,270
- They are asking for 10.
- Yes, it's 10.
4627
03:40:40,280 --> 03:40:42,670
- No one will go down to 1 from 10.
- It's not possible.
4628
03:40:42,680 --> 03:40:43,870
- No one will.
- Why?
4629
03:40:43,880 --> 03:40:45,390
Didn't Vardi do it?
4630
03:40:45,400 --> 03:40:47,030
They went from ₹2 crore
to ₹20 lakh.
4631
03:40:47,040 --> 03:40:48,070
They gave Vyakti more.
4632
03:40:48,080 --> 03:40:50,230
He asked for ₹60 lakh.
Why did they give him a crore?
4633
03:40:50,240 --> 03:40:53,390
That's because they wanted
him to get rid of Sonam first.
4634
03:40:53,400 --> 03:40:55,310
Give her ₹40 lakh and send her off.
4635
03:40:55,320 --> 03:40:56,720
₹40 lakh!
4636
03:40:57,960 --> 03:40:59,710
Then his company will progress.
4637
03:40:59,720 --> 03:41:01,640
No. No. No.
They won't give her ₹40 lakh.
4638
03:41:02,600 --> 03:41:04,880
So, guys,
we have the House of Armuse.
4639
03:41:08,400 --> 03:41:09,880
- Welcome!
- Welcome!
4640
03:41:12,280 --> 03:41:13,270
Gujarati?
4641
03:41:13,280 --> 03:41:15,150
- No, sir. We are Jain Marwadi.
- Marwadi.
4642
03:41:15,160 --> 03:41:16,750
Shall I tell you
a joke about Marwadis?
4643
03:41:16,760 --> 03:41:17,830
Please go ahead, sir.
4644
03:41:17,840 --> 03:41:19,950
A Marwadi man was about to die.
4645
03:41:19,960 --> 03:41:24,000
So, he says, "Where is my son?"
4646
03:41:24,480 --> 03:41:26,710
The son arrives. "Dad, I am here."
4647
03:41:26,720 --> 03:41:28,230
"-Where is my daughter?
- I am here."
4648
03:41:28,240 --> 03:41:30,400
"Where is your mother?"
She arrives as well.
4649
03:41:30,600 --> 03:41:31,750
I am here.
4650
03:41:31,760 --> 03:41:34,120
"If everyone is here,
who is at the shop?"
4651
03:41:36,880 --> 03:41:39,200
- I have many Marwadi friends.
- Darpan is a Marwadi as well.
4652
03:41:39,760 --> 03:41:40,920
- Darpan is a Marwadi?
- Yes.
4653
03:41:41,120 --> 03:41:42,160
I am not doing this.
4654
03:41:45,480 --> 03:41:47,280
- Shall we come to the business?
- Of course, sir.
4655
03:41:48,200 --> 03:41:49,350
You are coming to the
Board Room for the second time.
4656
03:41:49,360 --> 03:41:50,270
- Yes, sir.
- Yes.
4657
03:41:50,280 --> 03:41:52,320
So, what is your ask?
4658
03:41:52,560 --> 03:41:55,000
It's ₹10 crore for
12.5% equity.
4659
03:41:57,040 --> 03:41:58,470
So, the valuation is
set at ₹80 crore.
4660
03:41:58,480 --> 03:41:59,710
A value of ₹80 crore.
4661
03:41:59,720 --> 03:42:01,240
How will you use the money?
4662
03:42:01,400 --> 03:42:03,350
Currently,
we have three flagship stores
4663
03:42:03,360 --> 03:42:06,750
in Jaipur, Delhi and Mumbai.
We want to open another store.
4664
03:42:06,760 --> 03:42:09,230
But that can always come
in the latter part of the next year.
4665
03:42:09,240 --> 03:42:11,310
Before that,
we want to open our franchises.
4666
03:42:11,320 --> 03:42:13,360
Right now,
what are your revenue streams?
4667
03:42:13,520 --> 03:42:15,710
Sir, retail is our
main revenue stream
4668
03:42:15,720 --> 03:42:17,270
from our three flagship stores.
4669
03:42:17,280 --> 03:42:19,910
Then it's the online revenue,
and we also work with MBOs.
4670
03:42:19,920 --> 03:42:22,880
We stock our products
in other stores.
4671
03:42:23,080 --> 03:42:24,760
For example,
x, Pernia's, et cetera.
4672
03:42:24,920 --> 03:42:27,470
The major revenue is from our own
flagship stores and online.
4673
03:42:27,480 --> 03:42:30,750
Tell Akshay and Ronnie
about your revenues.
4674
03:42:30,760 --> 03:42:33,350
Sir, last year,
we closed at ₹9.5 crore.
4675
03:42:33,360 --> 03:42:36,640
This year, till date,
we have done about ₹7.2-7.3 crore.
4676
03:42:36,840 --> 03:42:38,950
We are targeting to close
at ₹17 crore this year.
4677
03:42:38,960 --> 03:42:40,910
Darpan, what was
their previous offer?
4678
03:42:40,920 --> 03:42:44,560
Last time, we had offered
them ₹40-42 crore of valuation.
4679
03:42:44,800 --> 03:42:48,310
Guys, we love you.
Valuation is what we don't love.
4680
03:42:48,320 --> 03:42:50,560
So, you asked for
₹80 crore in valuation.
4681
03:42:53,120 --> 03:42:55,360
Last time,
we offered ₹40-42 crore.
4682
03:42:55,560 --> 03:42:57,720
Let me ask Akshay and Ronnie.
4683
03:42:58,000 --> 03:42:59,350
What do you think
will be the right number?
4684
03:42:59,360 --> 03:43:03,120
According to me, I can
value your company at ₹60 crore.
4685
03:43:06,520 --> 03:43:10,440
Look, we would like
to invest ₹6.8 crore
4686
03:43:11,400 --> 03:43:14,080
at 11.33% equity.
4687
03:43:16,440 --> 03:43:18,550
According to a valuation
of ₹60 crore, you...
4688
03:43:18,560 --> 03:43:20,880
- You can check.
- Yes. Yes. Yes.
4689
03:43:21,160 --> 03:43:23,630
Akshay, your number
is quite interesting.
4690
03:43:23,640 --> 03:43:25,710
- Yes, it is.
- It's either do or die.
4691
03:43:25,720 --> 03:43:28,830
Because if I check by the multiples,
4692
03:43:28,840 --> 03:43:31,590
you have given them
a fair valuation.
4693
03:43:31,600 --> 03:43:34,670
Darpan, you find it fair.
Let's see what they feel.
4694
03:43:34,680 --> 03:43:38,760
If this deal happens
and we give them ₹6.8 crore,
4695
03:43:38,920 --> 03:43:40,950
the fund will have
hardly ₹10-12 crore.
4696
03:43:40,960 --> 03:43:41,990
- Wow.
- That's true.
4697
03:43:42,000 --> 03:43:45,070
Look, the fund is falling slowly.
4698
03:43:45,080 --> 03:43:46,600
- I know.
- Think about it.
4699
03:43:52,240 --> 03:43:54,320
- That was House of Armuse only.
- Oh, shit!
4700
03:43:58,040 --> 03:43:59,800
I am going home.
4701
03:44:02,480 --> 03:44:04,200
- Oh, shit!
- Oh, shit!
4702
03:44:07,760 --> 03:44:09,950
I had said that
₹10.5 crore will be remaining.
4703
03:44:09,960 --> 03:44:12,160
- Let's go.
- Open the door. We are going home.
4704
03:44:13,320 --> 03:44:16,320
- The locker is empty.
- They got ₹6.8 crore.
4705
03:44:16,840 --> 03:44:20,350
This was a huge money drop.
We didn't expect this.
4706
03:44:20,360 --> 03:44:22,590
I refused to negotiate
and the funds are emptying here.
4707
03:44:22,600 --> 03:44:24,470
Yours is ₹3.80 crore.
Yours is ₹4.80 crore.
4708
03:44:24,480 --> 03:44:25,390
What about yours?
4709
03:44:25,400 --> 03:44:27,720
This is how the loss of
₹7.5 crore feels like.
4710
03:44:30,000 --> 03:44:33,440
Oh, guys! Congratulations!
4711
03:44:35,160 --> 03:44:36,510
The face reveal worked.
4712
03:44:36,520 --> 03:44:37,840
Wow! Wow! Wow!
4713
03:44:38,080 --> 03:44:42,040
It's ₹1 crore, ₹2 crore
in valuation for 50% equity.
4714
03:44:50,880 --> 03:44:53,190
It's not the time.
We can't give up 50%.
4715
03:44:53,200 --> 03:44:54,400
We can't do this.
4716
03:44:58,040 --> 03:44:59,240
Let's do it.
4717
03:45:01,320 --> 03:45:02,760
- All right.
- Let's do it.
4718
03:45:03,120 --> 03:45:05,560
So, welcome to a sustainable deal.
4719
03:45:05,840 --> 03:45:07,830
Congratulations, Sarthak and Sonam.
4720
03:45:07,840 --> 03:45:09,350
- Wow. Congratulations.
- Vyakti...
4721
03:45:09,360 --> 03:45:10,110
Thank you so much.
4722
03:45:10,120 --> 03:45:12,120
- Congratulations.
- Thank you so much, sir.
4723
03:45:12,600 --> 03:45:14,280
Thank you so much, sir.
It means a lot.
4724
03:45:14,600 --> 03:45:16,360
- Thank you so much, sir.
- Congratulations.
4725
03:45:16,680 --> 03:45:18,760
Getting those ₹1 crore
and the belief...
4726
03:45:19,080 --> 03:45:21,160
You can't get it easily.
You have achieved something.
4727
03:45:21,400 --> 03:45:23,750
You have done something.
You have made your family proud.
4728
03:45:23,760 --> 03:45:24,960
You have made your father proud.
4729
03:45:25,120 --> 03:45:27,430
If we can get an
investment of ₹1 crore
4730
03:45:27,440 --> 03:45:29,440
after selling tea for ₹10,
4731
03:45:30,240 --> 03:45:31,320
genuinely...
4732
03:45:32,360 --> 03:45:33,600
I have done something.
4733
03:45:34,720 --> 03:45:35,870
I have done something.
4734
03:45:35,880 --> 03:45:37,880
This journey and this money...
4735
03:45:40,200 --> 03:45:41,520
They were very important.
4736
03:45:46,400 --> 03:45:49,230
I am sorry.
They say stories are written.
4737
03:45:49,240 --> 03:45:51,520
This brand's story was written.
4738
03:45:53,240 --> 03:45:55,670
We are projecting it to
be a 1,000-plus crore company
4739
03:45:55,680 --> 03:45:56,760
in 3 to 4 years.
4740
03:45:58,720 --> 03:46:00,790
Perhaps we can achieve
that together in 2 years.
4741
03:46:00,800 --> 03:46:02,240
We can do it faster.
4742
03:46:02,840 --> 03:46:06,230
Which is why, we want to
go ahead with your offer, sir.
4743
03:46:06,240 --> 03:46:07,230
Perfect!
4744
03:46:07,240 --> 03:46:09,030
- All the best.
- Congratulations!
4745
03:46:09,040 --> 03:46:10,430
- Thank you, sir.
- Thank you.
4746
03:46:10,440 --> 03:46:11,310
It's a deal.
4747
03:46:11,320 --> 03:46:12,720
- You have been a great inspiration.
- Congratulations!
4748
03:46:12,920 --> 03:46:14,270
- Thank you so much, sir.
- Thank you so much, sir.
4749
03:46:14,280 --> 03:46:16,160
- Whoa!
- Congratulations!
4750
03:46:17,160 --> 03:46:19,070
We have strategic
Angels in the company.
4751
03:46:19,080 --> 03:46:21,560
So, they would want
our company to fly, right?
4752
03:46:21,720 --> 03:46:25,960
Which is why, considering that,
we decided to take the offer.
4753
03:46:27,400 --> 03:46:30,950
We got a shock.
Will we get our turn or not?
4754
03:46:30,960 --> 03:46:34,840
And Vyakti got double
of what he had asked.
4755
03:46:35,160 --> 03:46:38,350
When his ask was low,
why are you throwing money at him?
4756
03:46:38,360 --> 03:46:40,040
Save some for us.
4757
03:46:41,080 --> 03:46:43,840
House of Armuse don't
deserve that valuation.
4758
03:46:44,120 --> 03:46:45,990
Especially, at the revenue
they are sitting on.
4759
03:46:46,000 --> 03:46:48,110
They only have 3 stores.
I have 8 stores.
4760
03:46:48,120 --> 03:46:51,200
I have more stores than
they do and a specialisation.
4761
03:46:51,400 --> 03:46:53,150
I wonder what is happening
in the Board Room.
4762
03:46:53,160 --> 03:46:55,920
They are distributing money
like snacks. What are they doing?
4763
03:46:57,880 --> 03:47:00,710
Huge companies in this small pond
4764
03:47:00,720 --> 03:47:03,830
have taken away all the money
like the crocodiles they are.
4765
03:47:03,840 --> 03:47:05,920
Definitely, we are being wronged.
4766
03:47:07,920 --> 03:47:09,640
Now, everyone will run.
4767
03:47:10,000 --> 03:47:11,600
Now, everyone will
want to be the rabbit.
4768
03:48:54,000 --> 03:48:56,910
The Fashion Entrepreneur Fund
began with ₹30 crore.
4769
03:48:56,920 --> 03:49:02,720
Today, the fund has
only ₹10.55 crore!
4770
03:49:02,960 --> 03:49:04,470
I think, let's just make a deal.
4771
03:49:04,480 --> 03:49:07,480
Doppler, congratulations.
You get ₹3 crore.
4772
03:49:08,320 --> 03:49:09,710
Whoa!
4773
03:49:09,720 --> 03:49:12,990
It's ₹1 crore, ₹2 crore
in valuation for 50% equity.
4774
03:49:13,000 --> 03:49:14,710
No, we can't give up 50%.
4775
03:49:14,720 --> 03:49:15,670
Let's do it.
4776
03:49:15,680 --> 03:49:17,710
- CloudTailor, it's a deal.
- Thank you! Thank you!
4777
03:49:17,720 --> 03:49:21,110
- It's ₹7.2 crore.
- Your pitch got your company rich.
4778
03:49:21,120 --> 03:49:23,630
We would like to invest 6.8 crore.
4779
03:49:23,640 --> 03:49:25,710
We want to go ahead
with your offer, sir.
4780
03:49:25,720 --> 03:49:27,350
Perfect! Congratulations!
4781
03:49:27,360 --> 03:49:30,080
- Thank you so much, sir.
- Congratulations.
4782
03:49:32,680 --> 03:49:34,150
- Oh, shit!
- Oh, shit!
4783
03:49:34,160 --> 03:49:37,950
What a drop, my countrymen.
Six companies have received
4784
03:49:37,960 --> 03:49:40,160
₹19.45 crore.
4785
03:49:40,480 --> 03:49:43,750
We got a shock.
Will we get our turn or not?
4786
03:49:43,760 --> 03:49:46,750
They have taken away all the
money like the crocodiles they are.
4787
03:49:46,760 --> 03:49:48,830
Definitely, we are being wronged.
4788
03:49:48,840 --> 03:49:53,080
Now, everyone understands
that irrespective of their ask,
4789
03:49:53,240 --> 03:49:56,190
they may not get the investment.
4790
03:49:56,200 --> 03:49:57,520
Is that a possibility?
4791
03:49:57,680 --> 03:50:00,040
In Pitch to Get Rich,
anything is possible.
4792
03:50:10,640 --> 03:50:12,600
Pitch to Get Rich
4793
03:50:14,760 --> 03:50:16,830
Around 52%
of customers change brands
4794
03:50:16,840 --> 03:50:19,920
if the pricing doesn't
match their expectations.
4795
03:50:20,280 --> 03:50:23,510
Around 70% of
shoppers compare the prices
4796
03:50:23,520 --> 03:50:26,400
of two to three brands before buying.
4797
03:50:26,720 --> 03:50:33,240
The point is the customers
want value for their money.
4798
03:50:36,280 --> 03:50:40,030
In today's challenge,
the founders need to prove
4799
03:50:40,040 --> 03:50:44,360
if their products are VFM,
that is, Value for Money.
4800
03:50:44,960 --> 03:50:48,360
Or are they just pricey?
4801
03:50:48,640 --> 03:50:50,000
These are pitch coins.
4802
03:50:50,200 --> 03:50:52,640
It's the exclusive currency
of Pitch to Get Rich.
4803
03:50:53,000 --> 03:50:55,480
Today, the pitch room will
turn into a pop-up market.
4804
03:50:58,880 --> 03:51:01,510
Real buyers, experts, influencers
4805
03:51:01,520 --> 03:51:04,070
and seasoned shoppers
will visit the market.
4806
03:51:04,080 --> 03:51:05,310
You get the drift.
4807
03:51:05,320 --> 03:51:07,440
They will have pitch coins.
4808
03:51:07,600 --> 03:51:10,150
They will decide
which company's pricing
4809
03:51:10,160 --> 03:51:13,680
is value for money and
which company is pricey.
4810
03:51:14,120 --> 03:51:17,750
The final count of the
pitch coins may help us decide
4811
03:51:17,760 --> 03:51:20,600
the one who will go
to the Board Room.
4812
03:51:20,880 --> 03:51:23,990
Right now, the founders
are busy setting up their stalls
4813
03:51:24,000 --> 03:51:26,320
for the Pitch to Get Rich
pop-up market.
4814
03:51:31,120 --> 03:51:33,000
First, bring Mr. Sukhbir Singh along.
4815
03:51:33,200 --> 03:51:34,390
Where do we make him stand?
4816
03:51:34,400 --> 03:51:36,040
- In the back.
- Let's place him here.
4817
03:51:37,320 --> 03:51:41,310
Displaying your wares at
a marketplace is quite strategic.
4818
03:51:41,320 --> 03:51:43,280
Let's start the business.
Open the shutters.
4819
03:51:48,480 --> 03:51:50,030
After eight years as a founder,
4820
03:51:50,040 --> 03:51:52,270
I don't like it that I have to
return to the groundwork.
4821
03:51:52,280 --> 03:51:54,270
I have done this grunt work,
physically demanding work,
4822
03:51:54,280 --> 03:51:56,120
sweeping the floor,
et cetera, in the past.
4823
03:51:56,400 --> 03:51:58,670
I don't want to do it now.
I have earned enough
4824
03:51:58,680 --> 03:52:00,560
that I don't need to do all this.
4825
03:52:00,760 --> 03:52:02,830
But Pitch to Get Rich
is making me do this.
4826
03:52:02,840 --> 03:52:06,430
Product placement, space, props...
The founders need to take care
4827
03:52:06,440 --> 03:52:10,480
of every small and big
detail to attract the buyer.
4828
03:52:11,480 --> 03:52:13,790
The founders are experts
in their own right
4829
03:52:13,800 --> 03:52:15,920
when it comes to price pitching.
4830
03:52:16,080 --> 03:52:19,000
But will the buyers think the same?
Let's find out.
4831
03:52:21,000 --> 03:52:24,910
In pricing, Stylox and Banana Club
are the ones
4832
03:52:24,920 --> 03:52:27,120
who will get all the attention.
This is what I feel.
4833
03:52:28,280 --> 03:52:32,350
The pop-up market is not just
about showing your range.
4834
03:52:32,360 --> 03:52:36,350
This time, you have to
get your pricing validated.
4835
03:52:36,360 --> 03:52:37,760
So, that could be challenging.
4836
03:52:39,920 --> 03:52:43,640
In this group, my products
are at the highest price point.
4837
03:52:43,800 --> 03:52:48,200
I felt a little unstable
because of this particular point.
4838
03:52:50,360 --> 03:52:52,960
I feel like he will
slap me at any time.
4839
03:52:53,280 --> 03:52:54,710
This challenge is very amazing
4840
03:52:54,720 --> 03:52:58,070
because we just get to meet
the franchises and retailers.
4841
03:52:58,080 --> 03:53:00,590
So, I was excited to think
that I would get to understand
4842
03:53:00,600 --> 03:53:03,280
the point of view of the
consumer on the topic of pricing.
4843
03:53:05,280 --> 03:53:07,600
My mother isn't there.
She is not very well.
4844
03:53:07,760 --> 03:53:10,230
She is still going through
a couple of tests and all.
4845
03:53:10,240 --> 03:53:12,680
So, I had to make
the preparations alone.
4846
03:53:13,480 --> 03:53:14,630
It's interesting
4847
03:53:14,640 --> 03:53:17,990
that we are setting up our
artisanal interactive installations.
4848
03:53:18,000 --> 03:53:20,270
People will see our craft, culture
4849
03:53:20,280 --> 03:53:22,920
and couture at amazing prices.
4850
03:53:25,640 --> 03:53:27,870
If you can move this board,
I will be fine.
4851
03:53:27,880 --> 03:53:31,270
I am okay with you moving it
there or anywhere else.
4852
03:53:31,280 --> 03:53:32,680
I think it should be fine then.
4853
03:53:32,880 --> 03:53:35,270
PTGR had told us that if
we wanted to bring in our artists,
4854
03:53:35,280 --> 03:53:36,590
they would give us extra space.
4855
03:53:36,600 --> 03:53:39,230
Now, Mariyam's stall
was next to that space.
4856
03:53:39,240 --> 03:53:41,870
So, she felt she wasn't
getting enough space.
4857
03:53:41,880 --> 03:53:44,190
Originally, I was told that
this was my space.
4858
03:53:44,200 --> 03:53:46,190
We were given 6 feet
plus the space for the artists,
4859
03:53:46,200 --> 03:53:47,150
which is why we flew them down.
4860
03:53:47,160 --> 03:53:49,790
If you put your cycle on this
side and your stands on this side,
4861
03:53:49,800 --> 03:53:51,830
you will still have
the same amount of space.
4862
03:53:51,840 --> 03:53:53,800
- It's not a question of space.
- Okay. Okay. I will figure it out.
4863
03:53:54,160 --> 03:53:57,790
My entire stall was covered.
My branding was covered.
4864
03:53:57,800 --> 03:54:00,360
How do I change everything
at the last moment?
4865
03:54:00,560 --> 03:54:01,790
The customers were about to arrive.
4866
03:54:01,800 --> 03:54:04,320
Because of your stall, Gaurav...
Come here. Just come with me.
4867
03:54:04,440 --> 03:54:07,950
Look at the amount of space I have.
If she spreads over here,
4868
03:54:07,960 --> 03:54:09,670
I am feeling extremely squished.
4869
03:54:09,680 --> 03:54:11,840
They have expanded three
times the allotted space.
4870
03:54:12,240 --> 03:54:16,310
And now everyone needs to
adjust because of that expansion.
4871
03:54:16,320 --> 03:54:19,350
- The artists will need more space.
- No, Gaurav. You have a...
4872
03:54:19,360 --> 03:54:20,800
Place your stall
in your allotted space.
4873
03:54:24,000 --> 03:54:25,870
This is a lot of space
that you have occupied.
4874
03:54:25,880 --> 03:54:27,350
It's a lot of space.
4875
03:54:27,360 --> 03:54:29,230
Yeah, it was a discussion
that we had with the team.
4876
03:54:29,240 --> 03:54:30,470
They said we would get the space
for our artists.
4877
03:54:30,480 --> 03:54:32,310
Then talk to the team
and figure it out.
4878
03:54:32,320 --> 03:54:33,590
I have not changed my thing.
4879
03:54:33,600 --> 03:54:35,070
You have to figure
it out at your end, Gaurav.
4880
03:54:35,080 --> 03:54:36,470
- Astha. Astha.
- Don't be...
4881
03:54:36,480 --> 03:54:39,000
- Astha.
- Don't throw tantrums, please.
4882
03:54:41,080 --> 03:54:44,590
You need to work with that space.
Obviously, if you have more space,
4883
03:54:44,600 --> 03:54:47,480
you will have more space
to interact with people
4884
03:54:47,680 --> 03:54:51,000
and display your products.
This is related to space.
4885
03:54:52,280 --> 03:54:54,840
They are from Delhi. So,
they know how to encroach on spaces.
4886
03:54:55,000 --> 03:54:57,160
So, they encroached into
their neighbour's stall.
4887
03:55:00,560 --> 03:55:02,790
Our stall looked beautiful.
4888
03:55:02,800 --> 03:55:05,920
We could see that the others
were quite jealous of it.
4889
03:55:16,640 --> 03:55:18,670
Twenty-four guests are invited.
4890
03:55:18,680 --> 03:55:21,390
They will visit you and you
have to show them your product.
4891
03:55:21,400 --> 03:55:23,710
Well, these are your pitch
coins and happy shopping.
4892
03:55:23,720 --> 03:55:24,840
Thank you.
4893
03:55:26,160 --> 03:55:30,440
All 24 people are from
24 different backgrounds.
4894
03:55:31,640 --> 03:55:33,830
There are bloggers, influencers,
4895
03:55:33,840 --> 03:55:36,830
actors, industry experts,
4896
03:55:36,840 --> 03:55:39,960
agency people and activists.
4897
03:55:42,760 --> 03:55:44,350
There were many
beautiful influencers.
4898
03:55:44,360 --> 03:55:45,910
I was happy to see them.
4899
03:55:45,920 --> 03:55:47,040
Hello.
4900
03:55:48,040 --> 03:55:51,430
Unfortunately,
there were a lot of women and girls.
4901
03:55:51,440 --> 03:55:53,830
It's a little difficult
to explain the product
4902
03:55:53,840 --> 03:55:55,480
when you are
an out-and-out menswear brand.
4903
03:55:57,760 --> 03:55:59,310
We are an all-occasion
footwear brand.
4904
03:55:59,320 --> 03:56:00,680
This is cool, man.
4905
03:56:01,040 --> 03:56:02,320
Would you wear something like this?
4906
03:56:02,800 --> 03:56:03,470
Why not?
4907
03:56:03,480 --> 03:56:05,430
- How old is your brand?
- It's been five years.
4908
03:56:05,440 --> 03:56:07,470
It's a western wear brand
4909
03:56:07,480 --> 03:56:10,470
in a country that is dominated
by a lot of Indian wear.
4910
03:56:10,480 --> 03:56:12,270
- Are you married?
- No. No. No.
4911
03:56:12,280 --> 03:56:14,320
- Are you going to be married?
- I have not thought about it.
4912
03:56:15,360 --> 03:56:17,950
- He looks so young.
- I need to sell the sherwani.
4913
03:56:17,960 --> 03:56:19,150
So, I am asking you to get married.
4914
03:56:19,160 --> 03:56:21,800
The set of jacket and trousers
is priced at ₹18,500.
4915
03:56:22,000 --> 03:56:24,960
The quality is very international.
It's very designer,
4916
03:56:25,160 --> 03:56:26,440
but the prices are not.
4917
03:56:26,680 --> 03:56:31,000
My pricing is precise
for the product quality,
4918
03:56:31,200 --> 03:56:33,550
fabric and the fit and
finish that we are offering.
4919
03:56:33,560 --> 03:56:35,470
If just the jacket
is priced at ₹10,500,
4920
03:56:35,480 --> 03:56:38,880
from my point of view,
it's a little expensive.
4921
03:56:41,920 --> 03:56:44,520
I think, for that,
this pricing is quite fair.
4922
03:56:46,280 --> 03:56:49,750
Now, we are on the last leg.
The fund is quite small.
4923
03:56:49,760 --> 03:56:54,240
So, it's very important
that the pitch is done right.
4924
03:56:55,280 --> 03:56:58,630
I have to put my
110% into it.
4925
03:56:58,640 --> 03:57:01,560
It's imperative that
I reach the Board Room.
4926
03:57:03,320 --> 03:57:06,270
So, every shopper will
have two types of pitch coins.
4927
03:57:06,280 --> 03:57:09,040
One will be for Pricey and the
other will be for Value for Money.
4928
03:57:09,280 --> 03:57:12,430
I think I am expecting my piggy bank
4929
03:57:12,440 --> 03:57:14,350
to have a 60-40 split,
4930
03:57:14,360 --> 03:57:16,440
with 60%
towards value for money.
4931
03:57:17,240 --> 03:57:18,440
Why "banana"?
4932
03:57:18,920 --> 03:57:20,640
- It's a men's brand.
- It's a men's brand.
4933
03:57:20,840 --> 03:57:23,390
- So, banana should be--
- Oh! Is that what I am thinking?
4934
03:57:23,400 --> 03:57:24,230
Yes.
4935
03:57:24,240 --> 03:57:27,040
"Banana" means "to make" in Hindi.
4936
03:57:27,280 --> 03:57:28,630
Oh! Okay.
4937
03:57:28,640 --> 03:57:30,360
Don't ask us why "Banana Club."
4938
03:57:32,400 --> 03:57:34,630
The influencers will
have two types of coins.
4939
03:57:34,640 --> 03:57:36,990
One will be for Value for Money
and the other will be for Pricey.
4940
03:57:37,000 --> 03:57:39,030
So, you know... We were happy.
4941
03:57:39,040 --> 03:57:42,070
We are the most
affordable brand here.
4942
03:57:42,080 --> 03:57:44,070
We thought it was our game.
4943
03:57:44,080 --> 03:57:45,670
Is it just for ₹1,000?
4944
03:57:45,680 --> 03:57:46,960
Best wishes.
4945
03:57:47,320 --> 03:57:48,680
Value for money!
4946
03:57:48,960 --> 03:57:50,080
Thank you.
4947
03:57:50,720 --> 03:57:52,320
Killing it! Killing it!
4948
03:57:53,680 --> 03:57:57,720
We always feel that our products
are always value for money.
4949
03:57:58,000 --> 03:58:01,200
No one can tag us as pricey.
We were confident about it.
4950
03:58:04,920 --> 03:58:08,110
The range starts from ₹4,000.
This product is priced at ₹5,000.
4951
03:58:08,120 --> 03:58:09,790
This one is ₹6,000.
4952
03:58:09,800 --> 03:58:13,390
I am a little confused
about the pricing.
4953
03:58:13,400 --> 03:58:16,750
The customer who wears footwear
worth ₹1 lakh will find me cheap.
4954
03:58:16,760 --> 03:58:19,640
The customer who wears footwear worth
₹2,000 will find me expensive.
4955
03:58:19,840 --> 03:58:21,280
This is very generic.
4956
03:58:21,480 --> 03:58:23,560
When it is generic,
the competition increases.
4957
03:58:24,640 --> 03:58:27,720
I mean, of course.
Everyone has an opinion.
4958
03:58:27,880 --> 03:58:30,390
I am sure not everyone
will find me as value for money.
4959
03:58:30,400 --> 03:58:33,760
The one who understands my product
will find me as value for money.
4960
03:58:33,920 --> 03:58:36,240
The one who doesn't find
me to be value for money,
4961
03:58:36,400 --> 03:58:40,950
I don't think that person has the
market information for my category.
4962
03:58:40,960 --> 03:58:43,390
But it's a niche product.
Which one is your bestseller?
4963
03:58:43,400 --> 03:58:45,310
This is our bestselling product.
4964
03:58:45,320 --> 03:58:46,630
What is the price of this one?
4965
03:58:46,640 --> 03:58:47,990
That one is expensive.
4966
03:58:48,000 --> 03:58:50,360
- Tell me.
- That is around ₹17,000.
4967
03:58:50,560 --> 03:58:52,230
It's different.
I have never seen anything like this.
4968
03:58:52,240 --> 03:58:53,350
Show it to me, please.
4969
03:58:53,360 --> 03:58:55,560
You can make it for Ranveer Singh.
4970
03:58:55,800 --> 03:58:57,350
He will wear it for sure.
4971
03:58:57,360 --> 03:58:59,430
No, but I think my husband
would also wear it.
4972
03:58:59,440 --> 03:59:03,350
I will probably find the same product
in another brand for a cheaper rate.
4973
03:59:03,360 --> 03:59:05,000
- So, why--
- Then don't buy this. Buy this.
4974
03:59:08,120 --> 03:59:10,950
My products are value for money,
and it's justified in my mind.
4975
03:59:10,960 --> 03:59:13,270
- I love this. What is the price?
- You can wear this to dinner.
4976
03:59:13,280 --> 03:59:15,190
The set is ₹26,500.
4977
03:59:15,200 --> 03:59:17,910
I find it lovely,
but it's too expensive.
4978
03:59:17,920 --> 03:59:19,030
- So, yeah...
- Can I try this?
4979
03:59:19,040 --> 03:59:20,790
- Of course. Of course. Please.
- Let me try this.
4980
03:59:20,800 --> 03:59:22,310
I'll be asked where I got it from.
4981
03:59:22,320 --> 03:59:23,750
You will 100% be asked.
4982
03:59:23,760 --> 03:59:26,390
To be honest, I was a little
sceptical because of the pricing.
4983
03:59:26,400 --> 03:59:27,590
Yes. Yes.
4984
03:59:27,600 --> 03:59:29,310
But I would definitely
give it a chance.
4985
03:59:29,320 --> 03:59:30,630
- All right. All right.
- Yeah.
4986
03:59:30,640 --> 03:59:32,990
Depending on the compliments
I get, yeah.
4987
03:59:33,000 --> 03:59:35,310
This is lovely for Goa weddings,
4988
03:59:35,320 --> 03:59:38,040
- for resorts... Yes.
- Oh, I like this.
4989
03:59:38,280 --> 03:59:41,070
Oh, wow. Just give me
a good price on this.
4990
03:59:41,080 --> 03:59:42,800
We will do 20% for you.
4991
03:59:43,320 --> 03:59:44,840
I had come prepared for shopping.
4992
03:59:45,040 --> 03:59:47,550
You made me have
a happy shopping trip today.
4993
03:59:47,560 --> 03:59:48,630
She was so happy.
4994
03:59:48,640 --> 03:59:51,430
She was showing her bags
saying she was a happy shopper.
4995
03:59:51,440 --> 03:59:53,040
Truly, it was a happy shopping.
4996
03:59:54,160 --> 03:59:57,470
That joy on a customer's face...
4997
03:59:57,480 --> 04:00:00,480
That puts me in such a good space.
4998
04:00:00,840 --> 04:00:02,960
Do you know what?
I am on the right path.
4999
04:00:04,920 --> 04:00:07,270
When a sales translation happens,
5000
04:00:07,280 --> 04:00:10,350
there is no test,
5001
04:00:10,360 --> 04:00:13,560
no pitch, no jury or anything
bigger than it is.
5002
04:00:14,480 --> 04:00:16,280
- So, the thread is looped--
- Yes.
5003
04:00:16,400 --> 04:00:18,350
- and sewn into the cloth.
- Yes, stitch it in.
5004
04:00:18,360 --> 04:00:21,070
- I am unable to do it.
- I will ruin it.
5005
04:00:21,080 --> 04:00:22,590
I can't do this at all.
5006
04:00:22,600 --> 04:00:24,350
When you truly try it,
5007
04:00:24,360 --> 04:00:26,470
you understand its value.
5008
04:00:26,480 --> 04:00:27,950
Okay, I am scared.
5009
04:00:27,960 --> 04:00:31,160
- Pull it up.
- I am scared I will spoil it.
5010
04:00:32,000 --> 04:00:34,350
You won't spoil it.
Don't worry about that.
5011
04:00:34,360 --> 04:00:37,110
- I am impressed. Yes.
- Aren't you?
5012
04:00:37,120 --> 04:00:40,350
This is ₹1.79 lakh for the full set.
5013
04:00:40,360 --> 04:00:43,080
A regular bride can't afford this.
5014
04:00:43,920 --> 04:00:45,550
I checked your website.
5015
04:00:45,560 --> 04:00:48,630
I saw a beautiful chiffon saree.
5016
04:00:48,640 --> 04:00:50,550
- Was it a plain chiffon saree?
- Black... It was.
5017
04:00:50,560 --> 04:00:53,470
- With this corset, right?
- Yes. Yes.
5018
04:00:53,480 --> 04:00:55,880
But its price is too high.
5019
04:00:57,200 --> 04:01:00,030
In the real world,
if there is a flea market,
5020
04:01:00,040 --> 04:01:02,910
Talking Threads will
not participate in it.
5021
04:01:02,920 --> 04:01:03,670
So, for us...
5022
04:01:03,680 --> 04:01:05,670
Our products don't belong
in a flea market.
5023
04:01:05,680 --> 04:01:07,830
Are you giving us the pricey one?
Give us what you want.
5024
04:01:07,840 --> 04:01:10,440
- It was expensive.
- Are you giving us expensive?
5025
04:01:10,920 --> 04:01:13,040
No. I never said anything like that.
5026
04:01:15,000 --> 04:01:17,350
- You are hiding the coin.
- Yeah.
5027
04:01:17,360 --> 04:01:20,150
Now, I will be suspecting you
when the coins are counted.
5028
04:01:20,160 --> 04:01:21,720
No, you can't do that.
5029
04:01:25,320 --> 04:01:27,790
Why did we not know
about Stylox until now?
5030
04:01:27,800 --> 04:01:30,310
Mainly, we are resolving
B2B problems first.
5031
04:01:30,320 --> 04:01:32,270
- We have 40 franchise stores.
- Wow!
5032
04:01:32,280 --> 04:01:33,910
- Do you have 40?
- And we have... Yes.
5033
04:01:33,920 --> 04:01:36,240
You are so young,
but you have progressed a lot.
5034
04:01:36,720 --> 04:01:37,990
How are these priced?
5035
04:01:38,000 --> 04:01:40,190
- You can guess.
- Around ₹3,500?
5036
04:01:40,200 --> 04:01:42,390
Our consumers get an entire range
5037
04:01:42,400 --> 04:01:46,230
of our denim jeans between
₹1,200 and ₹3,500.
5038
04:01:46,240 --> 04:01:50,200
I am sure the people will give us
the VFM coins if they understand
5039
04:01:50,520 --> 04:01:51,960
the value of our products.
5040
04:01:52,160 --> 04:01:56,590
But if they only think
about the price,
5041
04:01:56,600 --> 04:01:57,950
they may give us the pricey coin.
5042
04:01:57,960 --> 04:02:00,310
I have to say your designs
are very quirky.
5043
04:02:00,320 --> 04:02:02,800
- Thank you so much.
- Especially, I like this.
5044
04:02:04,680 --> 04:02:06,990
I think this looks better than
what I was wearing.
5045
04:02:07,000 --> 04:02:08,310
- Oh, so beautiful.
- It's from the brand, Kiki.
5046
04:02:08,320 --> 04:02:10,160
- But this...
- It's priced at ₹7,500.
5047
04:02:10,800 --> 04:02:13,120
- Just this jacket.
- What about a discount?
5048
04:02:13,360 --> 04:02:15,230
I don't know.
I will ask her for a discount.
5049
04:02:15,240 --> 04:02:18,150
- Can you give me a discount?
- I can give you 10% off.
5050
04:02:18,160 --> 04:02:19,830
What makes it so expensive?
5051
04:02:19,840 --> 04:02:22,640
The entire thing
is computer embroidery.
5052
04:02:23,120 --> 04:02:26,800
That one takes 3.5 hours.
This one takes 3.5 days.
5053
04:02:29,880 --> 04:02:33,110
Some clients didn't visit my stall
as they were male influencers.
5054
04:02:33,120 --> 04:02:36,520
Also, the outfits were
too cute for them.
5055
04:02:36,920 --> 04:02:38,800
I just hope I get the
value for money coins.
5056
04:02:41,280 --> 04:02:43,710
So, this is for ₹2,500.
5057
04:02:43,720 --> 04:02:46,110
These dresses are ₹2,500.
5058
04:02:46,120 --> 04:02:48,390
This is very light. Very pretty.
5059
04:02:48,400 --> 04:02:49,950
You won't feel like
you are wearing a saree,
5060
04:02:49,960 --> 04:02:51,440
- and it's very comfortable.
- Yeah.
5061
04:02:52,120 --> 04:02:54,560
- The right one.
- Thank you. Thank you so much.
5062
04:02:54,720 --> 04:02:55,590
Thank you.
5063
04:02:55,600 --> 04:03:00,960
I thought every coin the
customers were putting in was good.
5064
04:03:03,040 --> 04:03:05,030
Thank you. Thank you so much.
5065
04:03:05,040 --> 04:03:08,830
I didn't know that Value for Money
and Pricey were two separate coins.
5066
04:03:08,840 --> 04:03:10,830
Thank you. Thank you.
5067
04:03:10,840 --> 04:03:12,120
Thank you so much.
5068
04:03:12,520 --> 04:03:16,750
I think a person was putting
in a coin and I was thanking him.
5069
04:03:16,760 --> 04:03:19,870
He had a weird expression.
5070
04:03:19,880 --> 04:03:21,310
Now that I am connecting the dots,
5071
04:03:21,320 --> 04:03:23,750
I know that his expression was weird
5072
04:03:23,760 --> 04:03:26,070
because he was putting in the pricey
coin and not the value for money
5073
04:03:26,080 --> 04:03:27,400
and I was thanking him.
5074
04:03:30,840 --> 04:03:32,350
- Thank you.
- Thank you so much.
5075
04:03:32,360 --> 04:03:33,630
- Thank you so much.
- Thank you so much.
5076
04:03:33,640 --> 04:03:34,920
Lovely meeting you.
5077
04:03:42,160 --> 04:03:44,030
Welcome to
Pitch to Get Rich red carpet.
5078
04:03:44,040 --> 04:03:48,200
Today, our Angels will discuss
the pricing of our entrepreneurs.
5079
04:03:49,040 --> 04:03:52,070
It's not about who got
more value for money coins.
5080
04:03:52,080 --> 04:03:53,910
Because that's not
necessarily a good thing.
5081
04:03:53,920 --> 04:03:56,670
It has to be the right blend
between value for money
5082
04:03:56,680 --> 04:03:58,590
and the thinking a few consumers
5083
04:03:58,600 --> 04:03:59,920
about the product being pricey.
5084
04:04:00,600 --> 04:04:03,510
The Angels will be joined
by the king of diamonds,
5085
04:04:03,520 --> 04:04:04,960
Golu Bhai Badalia.
5086
04:04:05,160 --> 04:04:08,160
Also, joining us today
is the complete man himself,
5087
04:04:08,320 --> 04:04:11,520
Mr. Gautam Singhania,
Managing Director, Raymond.
5088
04:04:11,840 --> 04:04:14,640
It's great. It's great to run
a company that is 100 years old.
5089
04:04:14,840 --> 04:04:16,200
I am very proud to be here.
5090
04:04:17,240 --> 04:04:20,230
Hello. I have to come to you, first.
5091
04:04:20,240 --> 04:04:22,110
I really want to get
one of these for my son.
5092
04:04:22,120 --> 04:04:23,440
I want to get one of these.
5093
04:04:24,040 --> 04:04:26,630
- Is Sukhbir your brand ambassador?
- Yes. Yes. Yes.
5094
04:04:26,640 --> 04:04:28,870
You can buy us all.
You can buy all of this.
5095
04:04:28,880 --> 04:04:30,560
- I mean, for sure.
- Yeah.
5096
04:04:31,240 --> 04:04:33,760
- I believe you made a sale.
- I did. I did.
5097
04:04:33,960 --> 04:04:36,150
- How are you feeling?
- I sold a few pieces.
5098
04:04:36,160 --> 04:04:38,150
Yes, I heard that. I want to
see you in the Board Room.
5099
04:04:38,160 --> 04:04:39,070
I really do.
5100
04:04:39,080 --> 04:04:40,830
At what price do you buy
the cashmere?
5101
04:04:40,840 --> 04:04:45,670
Sir, this cashmere comes to us
at around ₹33,000 a metre.
5102
04:04:45,680 --> 04:04:46,910
- In fact, we--
- Don't you buy from India?
5103
04:04:46,920 --> 04:04:49,110
No, sir. We buy from Raymond.
5104
04:04:49,120 --> 04:04:50,630
Do you buy fabrics
from Raymond? Good.
5105
04:04:50,640 --> 04:04:51,870
Yes. Yes. Absolutely
5106
04:04:51,880 --> 04:04:53,310
I mean...
I feel this is more you.
5107
04:04:53,320 --> 04:04:55,470
- Yeah, you think so?
- Yeah. Right?
5108
04:04:55,480 --> 04:04:57,430
- Right, sir.
- If you can get this in my size...
5109
04:04:57,440 --> 04:04:58,270
I am a customer.
5110
04:04:58,280 --> 04:05:00,070
- Sure.
- But with a 10% discount.
5111
04:05:00,080 --> 04:05:01,230
- Yeah. Yeah.
- An Angel's discount.
5112
04:05:01,240 --> 04:05:03,510
Don't take a discount from them.
Pay them more instead.
5113
04:05:03,520 --> 04:05:04,990
Their pricing is good.
5114
04:05:05,000 --> 04:05:06,310
- Hi. Sorry, I missed you.
- Hi.
5115
04:05:06,320 --> 04:05:07,550
- Hi. No problem.
- Tell me about it.
5116
04:05:07,560 --> 04:05:10,190
Which price point
are you dealing with?
5117
04:05:10,200 --> 04:05:14,350
Well, about the price point... Our
accessories are sold at ₹2,500.
5118
04:05:14,360 --> 04:05:16,150
- This is our entry-level price point.
- Okay.
5119
04:05:16,160 --> 04:05:17,630
If you go to the shirts,
5120
04:05:17,640 --> 04:05:19,960
they are priced between
₹4,500 to ₹5,000.
5121
04:05:20,320 --> 04:05:22,590
They are pure, 100% cotton,
5122
04:05:22,600 --> 04:05:24,670
lightweight, breathable material.
5123
04:05:24,680 --> 04:05:28,070
Okay. So, you are
between ultra-luxury and luxury.
5124
04:05:28,080 --> 04:05:29,880
- In between.
- We are a bridge to luxury.
5125
04:05:30,520 --> 04:05:31,830
No, it's a good finish.
5126
04:05:31,840 --> 04:05:33,190
How much do you sell the jeans for?
5127
04:05:33,200 --> 04:05:34,150
We are selling
5128
04:05:34,160 --> 04:05:36,190
at a price point starting at
₹1,200 for the end consumer
5129
04:05:36,200 --> 04:05:37,920
and it goes up to ₹2,500.
5130
04:05:38,160 --> 04:05:39,800
Raymond will never
be able to compete.
5131
04:05:41,880 --> 04:05:43,640
- Hi, Manish.
- Oh, the artists are here.
5132
04:05:44,040 --> 04:05:45,870
- Hi, Manish.
- We thought it was necessary
5133
04:05:45,880 --> 04:05:49,550
to make people appreciate the art
that goes into their clothes.
5134
04:05:49,560 --> 04:05:50,950
- The process.
- The process.
5135
04:05:50,960 --> 04:05:52,870
- The hard work that goes into it.
- Indeed.
5136
04:05:52,880 --> 04:05:54,670
- This is menswear.
-₹39,000... Menswear.
5137
04:05:54,680 --> 04:05:56,310
It's ₹39,000 for the full set.
5138
04:05:56,320 --> 04:05:57,270
- Full set?
- Yes.
5139
04:05:57,280 --> 04:05:58,880
Oh, that's very good pricing.
5140
04:05:59,080 --> 04:06:01,120
- And this one?
- This is ₹59,000 for the full set.
5141
04:06:01,720 --> 04:06:04,320
Wow. Very good pricing.
5142
04:06:04,480 --> 04:06:08,030
I think he came so close
to the products for the first time
5143
04:06:08,040 --> 04:06:11,750
and checked the bridal
line in one go.
5144
04:06:11,760 --> 04:06:14,790
He checked the groom's line
and said, "Amazing pricing."
5145
04:06:14,800 --> 04:06:16,430
- Very well priced.
- So...
5146
04:06:16,440 --> 04:06:17,590
- The pricing is too good.
- Yeah.
5147
04:06:17,600 --> 04:06:18,790
"Excellent pricing."
5148
04:06:18,800 --> 04:06:19,950
- Repeatedly.
- Repeatedly.
5149
04:06:19,960 --> 04:06:21,510
- I love this.
- Thank you so much.
5150
04:06:21,520 --> 04:06:23,510
- I like this whole...
- Thank you.
5151
04:06:23,520 --> 04:06:25,080
- The touch.
- Really nice.
5152
04:06:26,560 --> 04:06:28,080
- Wow.
5153
04:06:29,560 --> 04:06:31,990
As you all know,
it is all about pricing today.
5154
04:06:32,000 --> 04:06:36,230
In a business,
is pricing important or not?
5155
04:06:36,240 --> 04:06:37,310
- It's very important.
- A lot.
5156
04:06:37,320 --> 04:06:38,630
Price is the most important thing.
5157
04:06:38,640 --> 04:06:40,990
- Nothing can be more important.
- Yes.
5158
04:06:41,000 --> 04:06:42,760
If your price point is precise,
5159
04:06:43,000 --> 04:06:45,830
you can succeed
anywhere in the world.
5160
04:06:45,840 --> 04:06:49,080
We had about 24 legit consumers.
5161
04:06:49,200 --> 04:06:51,710
All of them were given pitch coins,
5162
04:06:51,720 --> 04:06:56,310
and every single buyer was
given an opportunity to decide
5163
04:06:56,320 --> 04:06:58,510
whether it was value for money
5164
04:06:58,520 --> 04:07:00,030
or it was too pricey.
5165
04:07:00,040 --> 04:07:01,790
So, can we get started?
5166
04:07:01,800 --> 04:07:03,150
- Let's get started.
- Yes.
5167
04:07:03,160 --> 04:07:05,240
So, can we please have Philocaly?
5168
04:07:11,280 --> 04:07:13,550
He is holding a piggy bank.
5169
04:07:13,560 --> 04:07:15,190
It contains pitch coins.
5170
04:07:15,200 --> 04:07:18,470
- Okay.
- We have to check the number of pricey
5171
04:07:18,480 --> 04:07:21,800
and VFM, which is value for money,
coins he has.
5172
04:07:22,640 --> 04:07:23,720
Let's count them.
5173
04:07:29,760 --> 04:07:31,640
- So, he's at 22 coins.
- Yes.
5174
04:07:32,080 --> 04:07:34,680
So, two customers
didn't give him coins.
5175
04:07:37,600 --> 04:07:40,590
How many pricey coins
does Pricey Mannu has?
5176
04:07:40,600 --> 04:07:41,310
There are seven.
5177
04:07:41,320 --> 04:07:45,270
So, it's 15 VFM
versus 7 Pricey coins,
5178
04:07:45,280 --> 04:07:47,470
- which is...
- Around 65%.
5179
04:07:47,480 --> 04:07:48,950
- Percent. Yes.
- Proof of concept.
5180
04:07:48,960 --> 04:07:53,470
So, purely going by
your pitch coins...
5181
04:07:53,480 --> 04:07:55,270
- Let's talk business.
- Thank you.
5182
04:07:55,280 --> 04:07:57,950
I think he should be given
a chance in the Board Room
5183
04:07:57,960 --> 04:08:00,600
because his clothes are good.
5184
04:08:02,200 --> 04:08:03,760
- Oh, wow.
- Thank you.
5185
04:08:04,640 --> 04:08:07,310
- Look at that punch...
- A lot of authority.
5186
04:08:07,320 --> 04:08:08,240
Yes.
5187
04:08:08,640 --> 04:08:10,840
Your ready-to-wear line is growing.
5188
04:08:11,000 --> 04:08:14,030
And as I understood it,
your main business is customisation.
5189
04:08:14,040 --> 04:08:14,950
- Customisation.
- Bespoke.
5190
04:08:14,960 --> 04:08:16,670
What do you think his business is?
5191
04:08:16,680 --> 04:08:19,070
- It's more of a customisation,
- Correct.
5192
04:08:19,080 --> 04:08:20,550
bespoke brand.
5193
04:08:20,560 --> 04:08:22,680
In early episodes,
I was quite confused.
5194
04:08:22,840 --> 04:08:25,030
Is it a tailoring brand?
Is it a designer brand?
5195
04:08:25,040 --> 04:08:29,840
I mean, look. You are focused.
You are clear on your concept.
5196
04:08:30,040 --> 04:08:31,430
Yes, I would love to see you
in the Board Room.
5197
04:08:31,440 --> 04:08:34,110
Oh, wow. That was unexpected.
5198
04:08:34,120 --> 04:08:35,080
Thank you.
5199
04:08:36,680 --> 04:08:38,390
Let me ask you
about the customisation.
5200
04:08:38,400 --> 04:08:42,630
If someone can get a suit
from Raymond
5201
04:08:42,640 --> 04:08:45,480
that we mass customise,
5202
04:08:45,840 --> 04:08:48,630
what will be your USP to
make them switch to you?
5203
04:08:48,640 --> 04:08:50,470
When you go to a Raymond store,
5204
04:08:50,480 --> 04:08:52,760
you are looking at a fabric
5205
04:08:53,000 --> 04:08:56,030
imagining how it would look on you
and then purchasing it.
5206
04:08:56,040 --> 04:08:58,030
- No, we have style guides.
- From the catalogue.
5207
04:08:58,040 --> 04:09:00,110
- From the catalogue.
- But we have ready samples.
5208
04:09:00,120 --> 04:09:01,950
What about the pricing
in comparison to Raymond?
5209
04:09:01,960 --> 04:09:05,950
I think a pure wool suit from Raymond
after stitching costs ₹14,000.
5210
04:09:05,960 --> 04:09:07,830
Our entry price is ₹16,500.
5211
04:09:07,840 --> 04:09:09,270
Let me give you a simple example.
5212
04:09:09,280 --> 04:09:13,670
You said the cashmere swatch
costs you ₹33,000 per metre.
5213
04:09:13,680 --> 04:09:15,430
We will buy it for ₹20,000.
5214
04:09:15,440 --> 04:09:17,110
That's because
you are buying in bulk.
5215
04:09:17,120 --> 04:09:18,230
Indeed. That's what I am saying.
5216
04:09:18,240 --> 04:09:23,160
So, your price point
will be 50% more than ours.
5217
04:09:25,440 --> 04:09:27,240
Will you give him your buzzer?
5218
04:09:27,640 --> 04:09:29,670
I would reserve because I think
5219
04:09:29,680 --> 04:09:32,270
scalability is going
to be an issue in this business
5220
04:09:32,280 --> 04:09:33,920
and pricing will be a problem.
5221
04:09:36,600 --> 04:09:40,680
According to today's challenge,
if seven are finding you pricey...
5222
04:09:40,920 --> 04:09:43,360
If a couple of them found you pricey,
5223
04:09:43,720 --> 04:09:46,350
- maybe that was the right...
- In those seven people,
5224
04:09:46,360 --> 04:09:49,070
it's possible that some weren't
my target audience.
5225
04:09:49,080 --> 04:09:52,400
The audience today was
your target audience, Shrey.
5226
04:09:53,640 --> 04:09:55,720
I will hold my buzzer today.
5227
04:09:56,960 --> 04:09:59,950
At the marketplace,
I was scored well by the customers.
5228
04:09:59,960 --> 04:10:02,670
I got 22 coins.
Among those, 17 coins...
5229
04:10:02,680 --> 04:10:04,680
That is a 77% hit rate.
5230
04:10:05,000 --> 04:10:06,390
I know that, in my category,
5231
04:10:06,400 --> 04:10:09,150
no one is giving a better
value for money in the entire nation.
5232
04:10:09,160 --> 04:10:11,670
Up next, another very massy brand.
5233
04:10:11,680 --> 04:10:14,670
- We spoke a lot about their pricing.
- About their pricing.
5234
04:10:14,680 --> 04:10:16,000
Can we call Stylox?
5235
04:10:21,080 --> 04:10:22,600
He asks for the numbers first.
5236
04:10:24,160 --> 04:10:25,440
- Thank you.
- Let him count.
5237
04:10:30,320 --> 04:10:32,080
So, this is the stack
for value for money.
5238
04:10:32,280 --> 04:10:33,160
- Wow!
- Wow!
5239
04:10:33,320 --> 04:10:37,200
- Great.
- And this is your Pricey stack.
5240
04:10:37,400 --> 04:10:39,120
It should have been zero.
5241
04:10:40,640 --> 04:10:41,760
Thank you.
5242
04:10:42,080 --> 04:10:44,310
In this case,
the customers speak for themselves.
5243
04:10:44,320 --> 04:10:45,790
They got 21 value for money.
5244
04:10:45,800 --> 04:10:49,200
- Okay, out of 24 coins...
- And 3 are pricey.
5245
04:10:50,000 --> 04:10:51,710
- What?
- Someone gave them Pricey.
5246
04:10:51,720 --> 04:10:54,870
If Stylox is getting Pricey coins,
what about you?
5247
04:10:54,880 --> 04:10:57,950
- You should get 22 of them.
- If we get Pricey coins,
5248
04:10:57,960 --> 04:10:59,550
I will find those
people and beat them up.
5249
04:10:59,560 --> 04:11:01,030
Do they want clothes in alms?
5250
04:11:01,040 --> 04:11:02,710
Malaika, do you know
what is best about this pile?
5251
04:11:02,720 --> 04:11:04,960
- What?
- All the coins aren't VFMs.
5252
04:11:05,240 --> 04:11:07,080
What is fashion? Aspiration.
5253
04:11:08,080 --> 04:11:09,560
So, when customers buy things,
5254
04:11:09,880 --> 04:11:12,440
they shouldn't feel that
they are wearing cheap things.
5255
04:11:12,840 --> 04:11:14,760
- Exactly.
- Because if they feel
5256
04:11:14,920 --> 04:11:16,350
that they are wearing
something cheap,
5257
04:11:16,360 --> 04:11:19,030
- they won't tell their friends.
- The brand won't be good.
5258
04:11:19,040 --> 04:11:20,990
I have been saying this
to Stylox since the beginning.
5259
04:11:21,000 --> 04:11:23,630
This is something I have been
telling Stylox since Episode 1.
5260
04:11:23,640 --> 04:11:26,510
- Yes.
- Bring some fashion to your product.
5261
04:11:26,520 --> 04:11:28,760
- We need to better it.
- I saw it today.
5262
04:11:28,920 --> 04:11:30,680
You saw it and it is very nice.
5263
04:11:31,480 --> 04:11:33,190
If every coin were value for money,
5264
04:11:33,200 --> 04:11:35,190
you may not have received my buzzer.
5265
04:11:35,200 --> 04:11:37,600
- Oh.
- But I think you have the right mix.
5266
04:11:37,840 --> 04:11:39,560
I look forward to seeing
you in the Board Room.
5267
04:11:39,680 --> 04:11:41,190
- Great.
- Think about your valuation.
5268
04:11:41,200 --> 04:11:43,120
- See you soon.
- Thank you.
5269
04:11:43,360 --> 04:11:44,870
What I saw today...
5270
04:11:44,880 --> 04:11:47,800
I picked up your
product and felt it...
5271
04:11:47,960 --> 04:11:49,590
- As a customer, I was very happy.
- Great.
5272
04:11:49,600 --> 04:11:51,360
So, purely by that, Payal...
5273
04:11:51,840 --> 04:11:53,910
Thank you. Thank you so much.
5274
04:11:53,920 --> 04:11:56,390
I love wearing comfortable wear.
5275
04:11:56,400 --> 04:11:59,310
I mean, businessmen need comfort.
5276
04:11:59,320 --> 04:12:02,320
Your jeans are
perfecting price range.
5277
04:12:02,800 --> 04:12:04,870
And I think,
it's a yes from my side.
5278
04:12:04,880 --> 04:12:07,000
- Oh, great! Thank you. Thank you.
- Thank you.
5279
04:12:08,160 --> 04:12:11,280
If we make the product
10% inferior,
5280
04:12:12,000 --> 04:12:13,920
how much can I bring
the pricing down?
5281
04:12:14,280 --> 04:12:16,110
- I will never do that, sir.
- Two things.
5282
04:12:16,120 --> 04:12:18,880
One is pricing and
the other is value.
5283
04:12:19,000 --> 04:12:19,870
That's correct.
5284
04:12:19,880 --> 04:12:21,760
But, sir, I am not trying
to make a value brand.
5285
04:12:24,240 --> 04:12:27,310
- Value can be at any price.
- Yeah, right.
5286
04:12:27,320 --> 04:12:31,870
Today, in Raymond, we sell
fabrics from ₹300 to ₹10 lakh.
5287
04:12:31,880 --> 04:12:34,990
From a taxi driver to Mr. Tata,
everyone wears Raymond.
5288
04:12:35,000 --> 04:12:37,350
- Everyone finds value in it.
- Right. Right.
5289
04:12:37,360 --> 04:12:39,550
So, I would support your business.
5290
04:12:39,560 --> 04:12:42,470
I think your challenge
is to go from 40 to 400 stores.
5291
04:12:42,480 --> 04:12:44,480
- Yes, sir.
- But in that journey,
5292
04:12:44,800 --> 04:12:47,110
please keep track
of your supply chain.
5293
04:12:47,120 --> 04:12:48,630
- Definitely, sir.
- And I would support you.
5294
04:12:48,640 --> 04:12:50,590
- Great! Thank you so much. Thanks.
- Thank you.
5295
04:12:50,600 --> 04:12:53,630
Today I saw this shirt
and I loved it.
5296
04:12:53,640 --> 04:12:56,270
Not only that,
but I liked its quality as well.
5297
04:12:56,280 --> 04:12:59,520
So I think we have to
meet you in the Board Room.
5298
04:12:59,800 --> 04:13:00,830
- Great!
- Because I am really happy with
5299
04:13:00,840 --> 04:13:01,550
what I am seeing today.
5300
04:13:01,560 --> 04:13:02,390
Thank you.
5301
04:13:02,400 --> 04:13:04,310
Thank you so much! Thank you.
5302
04:13:04,320 --> 04:13:07,960
- Wow, Stylox, let's talk business!
- Let's talk business!
5303
04:13:12,160 --> 04:13:15,030
Think about the valuation.
This is the last chance.
5304
04:13:15,040 --> 04:13:17,550
I think 40 is still high.
We will have to negotiate.
5305
04:13:17,560 --> 04:13:19,600
Let's see what the valuation will be.
5306
04:13:19,800 --> 04:13:21,790
He was asking us to reduce
the cost of the product.
5307
04:13:21,800 --> 04:13:24,440
You should say that we would
work on it to reduce the cost.
5308
04:13:24,760 --> 04:13:27,470
I said the same,
but not with inferior quality.
5309
04:13:27,480 --> 04:13:29,470
He was asking us to
reduce the quality.
5310
04:13:29,480 --> 04:13:31,910
- If you were saying, you should--
- I said it.
5311
04:13:31,920 --> 04:13:33,910
Without degrading the quality,
we can reduce the cost.
5312
04:13:33,920 --> 04:13:35,990
That's what I said.
Didn't you hear it?
5313
04:13:36,000 --> 04:13:37,400
You were arguing with him.
5314
04:13:37,920 --> 04:13:38,990
You never agree with me.
5315
04:13:39,000 --> 04:13:41,320
All right.
Can we have Love, Kiki, please?
5316
04:13:44,080 --> 04:13:46,510
- Manish, go for it.
- Okay.
5317
04:13:46,520 --> 04:13:49,790
Let's see what the
pitch coins are saying.
5318
04:13:49,800 --> 04:13:53,270
- Well, it's 13 Value for Money...
- It's 13 and 7.
5319
04:13:53,280 --> 04:13:56,390
and there are 7 not
so Value for Money.
5320
04:13:56,400 --> 04:13:58,510
- Pricey.
- Four people didn't give you coins.
5321
04:13:58,520 --> 04:14:01,110
But those must be boys. They
would have thought their girlfriends
5322
04:14:01,120 --> 04:14:03,320
wouldn't wear such clothes.
5323
04:14:03,600 --> 04:14:04,880
That's possible.
5324
04:14:05,200 --> 04:14:06,880
Manish loves Kiki. It's true.
5325
04:14:07,880 --> 04:14:10,880
Manish should lead this pitch.
5326
04:14:12,040 --> 04:14:13,280
No, I will tell you why.
5327
04:14:13,440 --> 04:14:16,430
Her brand is in the very
pretty and feminine zone.
5328
04:14:16,440 --> 04:14:19,680
A male...
If his girlfriend is not with him,
5329
04:14:19,920 --> 04:14:22,190
- he may not identify it.
- He won't go there.
5330
04:14:22,200 --> 04:14:23,870
- He won't understand it.
- Makes sense. Makes sense.
5331
04:14:23,880 --> 04:14:26,270
Well, the boyfriends don't think
that much about their girlfriends.
5332
04:14:26,280 --> 04:14:27,510
- They do not.
- Who are these boyfriends
5333
04:14:27,520 --> 04:14:29,080
not thinking
about their girlfriends?
5334
04:14:30,560 --> 04:14:32,160
See, I think I am your spokesperson.
5335
04:14:32,640 --> 04:14:37,760
I feel that in this large world
of finance, funding and design,
5336
04:14:38,000 --> 04:14:39,990
there should be support
for brands like yours.
5337
04:14:40,000 --> 04:14:43,120
So, my buzzer will
always be there for you.
5338
04:14:44,440 --> 04:14:45,440
Thank you.
5339
04:14:47,880 --> 04:14:50,400
Kirti, can you just bring
some of these products here?
5340
04:14:50,600 --> 04:14:51,800
Okay, I will get them.
5341
04:14:53,240 --> 04:14:55,880
Manish loves Kiki. Look at him.
5342
04:14:57,280 --> 04:14:59,430
Manish has turned into
her business partner.
5343
04:14:59,440 --> 04:15:00,880
He is working for Love, Kiki.
5344
04:15:01,760 --> 04:15:03,000
Look, I am coming along as well.
5345
04:15:03,320 --> 04:15:05,800
This is called support.
Hand embroidery.
5346
04:15:06,080 --> 04:15:07,750
₹19,500.
5347
04:15:07,760 --> 04:15:10,560
Guys, Manish Malhotra is pitching.
He has my vote.
5348
04:15:11,280 --> 04:15:13,360
That emotional vote is working.
I agree.
5349
04:15:14,120 --> 04:15:16,270
- Do you want me to put it somewhere?
- No. No. I will just hang it.
5350
04:15:16,280 --> 04:15:19,040
If a woman like me doesn't
support a woman like you,
5351
04:15:19,240 --> 04:15:20,710
it will go against my ethos.
5352
04:15:20,720 --> 04:15:23,400
And I will give you this
buzzer for that emotion.
5353
04:15:23,640 --> 04:15:25,910
Golu Bhai,
will she get your buzzer or not?
5354
04:15:25,920 --> 04:15:27,430
She will get it.
5355
04:15:27,440 --> 04:15:30,080
- It's only because of you.
- Okay.
5356
04:15:30,680 --> 04:15:33,800
My concern is
this is a very niche product.
5357
04:15:36,240 --> 04:15:38,070
The impression I remember
when I came...
5358
04:15:38,080 --> 04:15:41,800
It's pricey as well.
Its market is quite small.
5359
04:15:42,800 --> 04:15:44,800
So, it's not going
to have the scalability.
5360
04:15:45,440 --> 04:15:46,920
That is really my concern.
5361
04:15:48,640 --> 04:15:51,230
But, Gautam,
today's challenge is on pricing.
5362
04:15:51,240 --> 04:15:54,070
In any business,
until there is no scale,
5363
04:15:54,080 --> 04:15:56,160
- there will be no advantage of pricing.
- Yes.
5364
04:15:56,800 --> 04:15:59,630
- He has only one word. Scalability.
- He is Gautam Singhania.
5365
04:15:59,640 --> 04:16:02,320
He will speak about scalability.
What else will he say?
5366
04:16:02,440 --> 04:16:04,310
He can talk about diversification.
5367
04:16:04,320 --> 04:16:06,670
He is in a position where
he can see things that are up there.
5368
04:16:06,680 --> 04:16:07,990
He doesn't see anything down here.
5369
04:16:08,000 --> 04:16:10,910
- So, I am out of this.
- Okay.
5370
04:16:10,920 --> 04:16:13,550
Personally, I love the product.
I love the brand,
5371
04:16:13,560 --> 04:16:16,680
but the pricing...
Right now, I am just not there.
5372
04:16:17,680 --> 04:16:18,590
And I can't change my mind.
5373
04:16:18,600 --> 04:16:20,790
- I am a stubborn person.
- Fair enough. Fair enough.
5374
04:16:20,800 --> 04:16:24,750
It's a little shocking.
I was a little angry.
5375
04:16:24,760 --> 04:16:26,990
You are amazing, Kiki.
Please don't lose hope.
5376
04:16:27,000 --> 04:16:30,880
I haven't seen a single brand
that is doing complete handwork,
5377
04:16:31,360 --> 04:16:35,590
intricate designs,
working with expensive fabrics,
5378
04:16:35,600 --> 04:16:40,120
providing quality and
customisations at this price point.
5379
04:16:40,320 --> 04:16:41,400
I have not seen it.
5380
04:16:42,040 --> 04:16:45,120
Okay, our next founder
is the Linetribe.
5381
04:16:51,840 --> 04:16:56,120
- It will open. I promise. See.
- Oh, yes. Thank you.
5382
04:16:57,720 --> 04:17:02,390
Gaurav, apart from the fake coins,
I heard you did some real sales.
5383
04:17:02,400 --> 04:17:03,790
- I was chatting with you.
- Yes.
5384
04:17:03,800 --> 04:17:07,280
- How much did they buy?
- Her total bill was almost a lakh.
5385
04:17:07,480 --> 04:17:08,720
- Amazing.
- Wow!
5386
04:17:09,120 --> 04:17:10,830
- Not bad!
- One-day pop-up.
5387
04:17:10,840 --> 04:17:12,960
- I believe...
- Sales speak.
5388
04:17:15,280 --> 04:17:18,150
I gave her a 20% discount.
Full disclosure.
5389
04:17:18,160 --> 04:17:20,280
Did you give it to her,
or did she ask for it?
5390
04:17:20,440 --> 04:17:21,470
- She did.
- You should never give it.
5391
04:17:21,480 --> 04:17:22,440
She asked for it.
5392
04:17:25,200 --> 04:17:26,280
- So, Gaurav.
- Yes?
5393
04:17:26,480 --> 04:17:29,640
- You got 9 Pricey coins.
- Okay.
5394
04:17:30,400 --> 04:17:32,270
- You got 13 Value for Money.
- It was expected.
5395
04:17:32,280 --> 04:17:34,750
I think that's closer
to what I thought.
5396
04:17:34,760 --> 04:17:38,920
- You got 13 value for money.
- Fair. Fair. Fair.
5397
04:17:41,680 --> 04:17:43,390
But I did make the sale, guys.
So, I am...
5398
04:17:43,400 --> 04:17:45,160
I think with so many Pricey coins...
5399
04:17:47,280 --> 04:17:49,430
I think this is one of
the worst ratios we have had
5400
04:17:49,440 --> 04:17:50,950
for Value for Money and Pricey
5401
04:17:50,960 --> 04:17:52,400
- currently here.
- Yes.
5402
04:17:54,240 --> 04:17:57,640
Look, when you want to
create a little aspiration,
5403
04:17:57,920 --> 04:18:01,710
- I am not so sad that many people--
- Operative word.
5404
04:18:01,720 --> 04:18:04,360
The operative word being "little."
This is too much.
5405
04:18:07,920 --> 04:18:09,270
"Little" is the operative word there.
5406
04:18:09,280 --> 04:18:11,630
But, sir,
I did have real sales as well.
5407
04:18:11,640 --> 04:18:14,470
- So, I think they drive each other.
- Which is a good point.
5408
04:18:14,480 --> 04:18:15,920
They drive each other.
5409
04:18:16,160 --> 04:18:19,550
- So, Gautam, what do you think?
- I think it's a little pricey,
5410
04:18:19,560 --> 04:18:21,470
because eventually, the lady found
5411
04:18:21,480 --> 04:18:23,240
the value at 20% discount.
5412
04:18:24,840 --> 04:18:26,240
Golu Bhai, what do you think?
5413
04:18:26,560 --> 04:18:30,870
Obviously, I... After seeing
the papers, numbers and the coins,
5414
04:18:30,880 --> 04:18:34,230
I feel that this brand is pricey.
5415
04:18:34,240 --> 04:18:37,150
Obviously, you are targeting
high-end consumers.
5416
04:18:37,160 --> 04:18:37,950
Yes.
5417
04:18:37,960 --> 04:18:40,400
Slowly, once your brand grows,
5418
04:18:40,600 --> 04:18:43,070
this will be rectified.
5419
04:18:43,080 --> 04:18:45,750
But today, seeing the numbers,
5420
04:18:45,760 --> 04:18:49,070
- I can't give you a buzzer for sure.
- What about you, Dhruv?
5421
04:18:49,080 --> 04:18:52,000
I think my point is very similar.
5422
04:18:52,200 --> 04:18:53,790
If the price point
has decreased a little...
5423
04:18:53,800 --> 04:18:55,110
- Right.
- It's not dramatic.
5424
04:18:55,120 --> 04:18:56,670
- You don't need to reduce 50%.
- I see.
5425
04:18:56,680 --> 04:18:59,270
But if you reduce
20-30% to hit
5426
04:18:59,280 --> 04:19:00,510
- that sweet spot...
- Right. Right.
5427
04:19:00,520 --> 04:19:02,430
Suddenly,
you are making sense as a brand.
5428
04:19:02,440 --> 04:19:05,070
- Right. Right.
- You may be able to do it with your scale.
5429
04:19:05,080 --> 04:19:08,790
But right now, I will not be
able to go on a pricing perspective
5430
04:19:08,800 --> 04:19:10,720
- for the buzzer.
- Okay. Okay.
5431
04:19:10,880 --> 04:19:13,590
I am happy that I got
so many Pricey coins.
5432
04:19:13,600 --> 04:19:16,280
First and foremost,
I got all 24 coins.
5433
04:19:16,520 --> 04:19:19,480
It means the product
is drawing people in
5434
04:19:19,640 --> 04:19:21,350
even if they find it pricey or not.
5435
04:19:21,360 --> 04:19:22,510
Now, this is the second point.
5436
04:19:22,520 --> 04:19:25,750
There is something here
that people want to touch, feel,
5437
04:19:25,760 --> 04:19:28,480
see and speak about.
It's a green flag for me.
5438
04:19:29,120 --> 04:19:33,310
So, no. I have no problem
with the Pricey coins.
5439
04:19:33,320 --> 04:19:35,190
I am happy that
I got a few Pricey coins.
5440
04:19:35,200 --> 04:19:39,200
Because that is the
kind of brand mine is.
5441
04:19:39,480 --> 04:19:41,960
Okay, up next
we have Talking Threads.
5442
04:19:42,080 --> 04:19:43,920
- Oh, interesting.
- Let's talk.
5443
04:19:49,560 --> 04:19:51,040
Let's break the piggy bank.
5444
04:19:52,720 --> 04:19:53,800
Thank you.
5445
04:20:00,360 --> 04:20:03,390
Guess it. There are two piles.
What do you feel?
5446
04:20:03,400 --> 04:20:07,960
One pile has 18 coins
and the other has 6.
5447
04:20:09,320 --> 04:20:11,840
- Value for Money.
- Value for Money, I think.
5448
04:20:15,480 --> 04:20:17,880
- And you are both right.
- Thank you so much.
5449
04:20:18,320 --> 04:20:21,360
I think, if we had worked harder,
5450
04:20:21,680 --> 04:20:23,110
we could have convinced
the remaining six.
5451
04:20:23,120 --> 04:20:25,440
Not bad, Talking Threads.
Nicely done.
5452
04:20:25,720 --> 04:20:27,070
My buzzer is for you.
5453
04:20:27,080 --> 04:20:28,750
- Thank you so much.
- Thank you so much. Thank you.
5454
04:20:28,760 --> 04:20:30,800
We are talking about pricing.
5455
04:20:31,720 --> 04:20:32,830
- Thank you.
- Thank you, Malaika.
5456
04:20:32,840 --> 04:20:33,920
Let's talk business.
5457
04:20:34,080 --> 04:20:37,590
I don't know this market, but I am
going by what Malaika said. So...
5458
04:20:37,600 --> 04:20:39,880
- Thank you so much, sir.
- Thank you.
5459
04:20:40,040 --> 04:20:42,280
You are perfectly on point.
5460
04:20:42,520 --> 04:20:44,550
I am going to copy
this style of yours.
5461
04:20:44,560 --> 04:20:47,870
- What?
- You press the buzzer by punching it.
5462
04:20:47,880 --> 04:20:50,030
- I am going to do that.
- I told him he had to press it hard.
5463
04:20:50,040 --> 04:20:52,750
He said he'd give it a Thor's hammer.
I said it was amazing.
5464
04:20:52,760 --> 04:20:56,910
One of my friends is getting married.
They can't afford Manish Malhotra.
5465
04:20:56,920 --> 04:20:58,350
They don't want to
spend money on this.
5466
04:20:58,360 --> 04:20:59,670
- They want to save for travel.
- Okay.
5467
04:20:59,680 --> 04:21:01,550
- But they don't want Manyavar either.
- Yes.
5468
04:21:01,560 --> 04:21:03,840
They wanted a ₹65,000 coat.
5469
04:21:04,000 --> 04:21:07,480
So, I do see a market where
people want this quality of work.
5470
04:21:08,640 --> 04:21:11,670
These coins don't lie. A couture
brand should have been expensive.
5471
04:21:11,680 --> 04:21:14,080
This value for money
is unexpected to me.
5472
04:21:15,800 --> 04:21:18,830
You have my vote, and I would
like to see you in the Board Room.
5473
04:21:18,840 --> 04:21:19,790
Thank you so much.
5474
04:21:19,800 --> 04:21:20,950
Gaurav, I have to say,
5475
04:21:20,960 --> 04:21:23,400
I was actually surprised
to see the coins as well.
5476
04:21:24,400 --> 04:21:27,710
The way the pile for
Value for Money is huge.
5477
04:21:27,720 --> 04:21:28,830
Let's talk business.
5478
04:21:28,840 --> 04:21:29,790
- Thank you so much, sir.
- Thank you.
5479
04:21:29,800 --> 04:21:31,280
Whoa! All buzzers!
5480
04:21:31,400 --> 04:21:32,270
- Congratulations!
- Thank you, sir.
5481
04:21:32,280 --> 04:21:33,870
This is a first for us.
We are very excited.
5482
04:21:33,880 --> 04:21:34,760
Yes.
5483
04:21:37,160 --> 04:21:38,910
So, they finally make it
to the Board Room.
5484
04:21:38,920 --> 04:21:42,720
It was very unexpected.
I was going towards the exit.
5485
04:21:43,880 --> 04:21:46,600
Gaurav reminded me that
we had to go the other way.
5486
04:21:46,880 --> 04:21:48,920
I am so used to it now.
5487
04:21:49,520 --> 04:21:51,160
- Hello.
- Oh, my!
5488
04:21:51,840 --> 04:21:53,790
- Finally!
- You are here, finally.
5489
04:21:53,800 --> 04:21:56,160
All right. Up next, DMOdot.
5490
04:21:57,880 --> 04:22:00,550
- Our deadly boy is here.
- He is going to explode today.
5491
04:22:00,560 --> 04:22:02,190
- Yes.
- He is going to explode today.
5492
04:22:02,200 --> 04:22:04,670
Golu Bhai,
break it with a hammer strike.
5493
04:22:04,680 --> 04:22:06,950
- Do I break it?
- Punch it and break it.
5494
04:22:06,960 --> 04:22:09,920
I will just open it up.
That's easier.
5495
04:22:10,600 --> 04:22:11,920
Let's do it.
5496
04:22:12,960 --> 04:22:14,280
Oh, nice.
5497
04:22:17,320 --> 04:22:21,480
The ratio of value for
money to priciness is 17:7.
5498
04:22:22,360 --> 04:22:25,040
- So, 17 is for VFM...
- He got 17 for Value for Money
5499
04:22:25,240 --> 04:22:27,040
and 7 Pricy.
5500
04:22:28,200 --> 04:22:31,030
Today's episode is about
pricing and not design.
5501
04:22:31,040 --> 04:22:32,950
I don't find the
pricing to be too bad.
5502
04:22:32,960 --> 04:22:35,360
- So, my buzzer goes to you.
- Thank you.
5503
04:22:36,040 --> 04:22:38,880
Buddy, 17 is low.
5504
04:22:39,840 --> 04:22:41,870
Because of that reason,
I will hold back.
5505
04:22:41,880 --> 04:22:42,840
Thank you.
5506
04:22:43,760 --> 04:22:47,110
The value for me is building
this into a niche brand.
5507
04:22:47,120 --> 04:22:48,710
- Over time, yes.
- And that needs to have
5508
04:22:48,720 --> 04:22:50,790
a distinct identity
and a positioning.
5509
04:22:50,800 --> 04:22:53,590
Today we are looking at it
as a generic brand.
5510
04:22:53,600 --> 04:22:56,720
We are touching the quality.
We're not calling it a premium brand.
5511
04:22:56,960 --> 04:22:59,510
So, my recommendation
is to build that brand out.
5512
04:22:59,520 --> 04:23:02,200
So, the value for money
comes through in your marketing.
5513
04:23:02,320 --> 04:23:03,350
- Right?
- True.
5514
04:23:03,360 --> 04:23:06,200
For that reason, I am reserving it
on a price parity basis.
5515
04:23:06,360 --> 04:23:08,590
Well, on a price judgement basis.
5516
04:23:08,600 --> 04:23:11,160
And yes, I will hold
back for the next pitch.
5517
04:23:11,760 --> 04:23:14,840
From your pricing point,
it's not that expensive.
5518
04:23:15,160 --> 04:23:18,550
But I need to see the
point of view of the public.
5519
04:23:18,560 --> 04:23:22,270
In that aspect, you are pricey,
as far as the consumer is concerned.
5520
04:23:22,280 --> 04:23:25,990
I got only one buzzer and that day
I came to know
5521
04:23:26,000 --> 04:23:29,320
that it feels bad when
you get only one buzzer.
5522
04:23:31,440 --> 04:23:35,150
I keep telling others it was okay.
It was just about the buzzer.
5523
04:23:35,160 --> 04:23:37,240
They would eventually
make it to the Board Room.
5524
04:23:37,480 --> 04:23:39,880
But all that... It does feel bad.
5525
04:23:40,320 --> 04:23:43,960
Okay. Up next, we have Banana Labs.
5526
04:23:51,600 --> 04:23:55,190
Mariyam, you are here alone today.
Your mother is not with you.
5527
04:23:55,200 --> 04:23:57,710
We were told that
her mother was unwell.
5528
04:23:57,720 --> 04:23:59,670
- Oh.
- So, unfortunately,
5529
04:23:59,680 --> 04:24:01,550
she couldn't be over here.
But we do miss her.
5530
04:24:01,560 --> 04:24:02,630
We miss her presence.
5531
04:24:02,640 --> 04:24:04,640
- We miss the mother-daughter duo.
- Thank you.
5532
04:24:04,920 --> 04:24:06,960
Please bring us your vault.
5533
04:24:08,560 --> 04:24:10,840
- Please.
- Thank you.
5534
04:24:11,280 --> 04:24:13,470
- Let me open it.
- Look, how quickly he opened it.
5535
04:24:13,480 --> 04:24:15,160
I know how to open a vault.
5536
04:24:20,280 --> 04:24:22,710
- So, what is the count?
- We are done counting.
5537
04:24:22,720 --> 04:24:25,510
It's 20:3, which is the
best value for money so far.
5538
04:24:25,520 --> 04:24:28,710
- Wow!
- 20:3. It means
5539
04:24:28,720 --> 04:24:32,160
your customers thought
5540
04:24:32,400 --> 04:24:36,680
the value for money was up there.
5541
04:24:37,560 --> 04:24:39,190
It's also the power
of handloom, right?
5542
04:24:39,200 --> 04:24:41,190
- Absolutely.
- According to me,
5543
04:24:41,200 --> 04:24:43,000
she has got a DNA to the line.
5544
04:24:43,240 --> 04:24:45,080
The product has got a language to it.
5545
04:24:45,280 --> 04:24:48,150
It has the essence
of India and scalability.
5546
04:24:48,160 --> 04:24:51,870
Your pricing is good.
I would put myself in for this.
5547
04:24:51,880 --> 04:24:52,790
Thank you, sir.
5548
04:24:52,800 --> 04:24:55,400
Banana Labs, your tower
is a balanced tower.
5549
04:24:55,720 --> 04:24:57,270
If all the coins
were Value for Money,
5550
04:24:57,280 --> 04:25:00,950
I would have...
I would have been nervous.
5551
04:25:00,960 --> 04:25:03,440
I think your pricing
has been your strong point.
5552
04:25:03,600 --> 04:25:05,390
Absolutely excited to
see you in the Board Room.
5553
04:25:05,400 --> 04:25:07,400
- Thank you, sir.
- Let's talk business.
5554
04:25:08,240 --> 04:25:12,880
Banana Labs is a brand
which can be worn comfortably.
5555
04:25:13,120 --> 04:25:15,960
You know, many people
are a little body conscious.
5556
04:25:16,280 --> 04:25:18,840
- For them, it's a comforting brand.
- Absolutely.
5557
04:25:19,160 --> 04:25:21,480
My heart has always
been with handloom.
5558
04:25:21,640 --> 04:25:23,430
- So, you have my buzzer.
- Thank you.
5559
04:25:23,440 --> 04:25:24,880
- Golu style.
- Nice style!
5560
04:25:25,200 --> 04:25:26,080
Golu style!
5561
04:25:26,280 --> 04:25:27,830
The towers are speaking
for themselves.
5562
04:25:27,840 --> 04:25:31,070
You have the numbers.
Obviously, the public doesn't lie.
5563
04:25:31,080 --> 04:25:32,990
- Yes.
- When the public doesn't lie,
5564
04:25:33,000 --> 04:25:34,590
you should get the buzzer.
5565
04:25:34,600 --> 04:25:36,320
The public is God.
5566
04:25:36,960 --> 04:25:37,670
Thank you.
5567
04:25:37,680 --> 04:25:40,430
Malaika, do you think
we can do a synchronised buzzer?
5568
04:25:40,440 --> 04:25:42,760
I wanted all of us to
press the buzzer together.
5569
04:25:43,040 --> 04:25:44,790
- So, I was already championing you.
- Shall we do it together now?
5570
04:25:44,800 --> 04:25:47,230
On the count of three...
One, two, three!
5571
04:25:47,240 --> 04:25:49,240
- Let's talk business!
- Let's talk business!
5572
04:25:49,400 --> 04:25:51,320
Thank you so much!
Means a lot.
5573
04:25:51,320 --> 04:25:52,640
We will see you in the Board Room.
5574
04:25:53,120 --> 04:25:54,910
It was a big moment for me,
5575
04:25:54,920 --> 04:25:59,510
but also the fact that
it validates Banana Labs
5576
04:25:59,520 --> 04:26:02,030
as a brand, I can't tell you...
5577
04:26:02,040 --> 04:26:04,790
Mom, I know you are going
to be very happy with this.
5578
04:26:04,800 --> 04:26:08,680
Up next, the king of pricing,
can we have Banana Club?
5579
04:26:25,440 --> 04:26:28,790
Dhruv, can you guess how many
coins there are for the Banana Club?
5580
04:26:28,800 --> 04:26:30,600
At least, 20 value for money.
5581
04:26:30,840 --> 04:26:33,200
But, Darpan, I am sure there
were a few stingy customers.
5582
04:26:34,520 --> 04:26:36,720
Okay, we have two towers here.
5583
04:26:37,720 --> 04:26:39,190
- Equal?
- There are two towers.
5584
04:26:39,200 --> 04:26:40,630
The entire thing
must be value for money.
5585
04:26:40,640 --> 04:26:43,080
- But, Malaika, there are two towers.
- There are two towers.
5586
04:26:47,200 --> 04:26:49,310
Ma'am, is there a mistake?
5587
04:26:49,320 --> 04:26:51,720
- We don't make mistakes.
- I am shocked.
5588
04:26:54,960 --> 04:26:57,830
We were literally shocked.
How could this happen?
5589
04:26:57,840 --> 04:27:00,440
We should never have
gotten the pricey coin.
5590
04:27:00,680 --> 04:27:01,950
How did we receive it?
5591
04:27:01,960 --> 04:27:03,520
Truly? Is that real?
5592
04:27:04,600 --> 04:27:06,240
What is real is this.
5593
04:27:06,640 --> 04:27:07,950
- Superb!
- Yes!
5594
04:27:07,960 --> 04:27:09,560
That's what I said.
5595
04:27:09,840 --> 04:27:12,600
My perception was
that it couldn't happen.
5596
04:27:12,760 --> 04:27:15,000
This episode is about pricing.
So, I will...
5597
04:27:16,160 --> 04:27:18,110
- Thank you.
- You have to be in the Board Room.
5598
04:27:18,120 --> 04:27:21,150
Pricing is your strength,
and I like to get to the point.
5599
04:27:21,160 --> 04:27:22,470
So, let's talk business.
5600
04:27:22,480 --> 04:27:23,790
The numbers are
speaking for themselves
5601
04:27:23,800 --> 04:27:25,150
and I think they deserve it.
5602
04:27:25,160 --> 04:27:27,280
My buzzer is for them.
5603
04:27:27,600 --> 04:27:30,950
- From my side, definitely...
- Thank you.
5604
04:27:30,960 --> 04:27:32,750
Your pricing is good.
Your product is good.
5605
04:27:32,760 --> 04:27:34,990
- So, I think it's a good one.
- Thank you, sir.
5606
04:27:35,000 --> 04:27:38,200
Also, if they don't have
funds for you, come to me.
5607
04:27:39,240 --> 04:27:42,150
- I love it. Love it. I think...
- I will fund you personally.
5608
04:27:42,160 --> 04:27:45,550
Yes, sir. We would like you
to invest in our company.
5609
04:27:45,560 --> 04:27:47,630
- This is, guys...
- Oh, this...
5610
04:27:47,640 --> 04:27:50,350
- Another deal is being made here.
- It's a side deal!
5611
04:27:50,360 --> 04:27:51,440
Yeah.
5612
04:27:52,400 --> 04:27:54,320
Here, my thought
process is different.
5613
04:27:57,120 --> 04:27:57,990
Okay, tell us.
5614
04:27:58,000 --> 04:28:00,960
When you compare to Zara
H&M, et cetera...
5615
04:28:01,680 --> 04:28:05,360
When people step out wearing clothes
from Zara and H&M,
5616
04:28:05,920 --> 04:28:07,950
they don't shy away from saying
5617
04:28:07,960 --> 04:28:09,670
that they are wearing Zara and H&M.
5618
04:28:09,680 --> 04:28:11,680
And few people find Zara costly.
5619
04:28:12,000 --> 04:28:12,840
Right?
5620
04:28:13,080 --> 04:28:15,790
And for me, it would have been ideal
5621
04:28:15,800 --> 04:28:19,600
if you got 21 to
22 Value for Money coins
5622
04:28:20,280 --> 04:28:23,070
and 2 to 3 Pricey coins.
5623
04:28:23,080 --> 04:28:24,910
And it's important
5624
04:28:24,920 --> 04:28:28,600
for it to seem a little pricey
to them to maintain the aspiration.
5625
04:28:28,920 --> 04:28:31,080
Is it fast fashion?
5626
04:28:31,400 --> 04:28:34,640
Or are people perceiving it
as cheap fashion?
5627
04:28:36,880 --> 04:28:40,520
This thinking that our
products are cheap is wrong.
5628
04:28:40,720 --> 04:28:44,280
After all, we are a quality product
and that's why we got 24 coins.
5629
04:28:44,560 --> 04:28:46,960
Yours is not cheap fashion
because the designs are great.
5630
04:28:47,360 --> 04:28:52,160
There is a difference.
But I think there is a lack
5631
04:28:52,960 --> 04:28:54,670
of positioning because of which
5632
04:28:54,680 --> 04:28:58,160
people are perceiving it
as a cheap brand.
5633
04:28:59,880 --> 04:29:02,480
And that is the reason
I am holding back.
5634
04:29:02,640 --> 04:29:06,000
Sir, this...
This is like getting a perfect score
5635
04:29:06,160 --> 04:29:08,070
- and still failing the exam.
- Still failing.
5636
04:29:08,080 --> 04:29:10,150
That's not it.
You didn't get a perfect score.
5637
04:29:10,160 --> 04:29:12,120
This isn't a one-time test.
5638
04:29:13,360 --> 04:29:16,030
You sent someone like Stylox
forward and kept us back.
5639
04:29:16,040 --> 04:29:17,120
It was a shock.
5640
04:29:17,280 --> 04:29:20,870
The fund was reducing,
and our ask is not matching.
5641
04:29:20,880 --> 04:29:24,640
So, we were a little disappointed.
This was not fair.
5642
04:29:24,840 --> 04:29:26,590
It was a great day today.
5643
04:29:26,600 --> 04:29:28,640
Firstly, I would like to thank...
5644
04:29:28,840 --> 04:29:30,720
- Gautam, thank you so much.
- Thank you.
5645
04:29:31,000 --> 04:29:32,510
- Thank you, Golu Bhai.
- Thank you.
5646
04:29:32,520 --> 04:29:33,750
I hope you all had a good time.
5647
04:29:33,760 --> 04:29:35,030
- I hope it was a--
- It was fantastic.
5648
04:29:35,040 --> 04:29:36,910
It was a great learning
experience for me.
5649
04:29:36,920 --> 04:29:38,710
- It was great.
- Golu Bhai has a gift for all of us.
5650
04:29:38,720 --> 04:29:40,750
- Oh, Golu Bhai! Lovely!
- Diamonds coming in...
5651
04:29:40,760 --> 04:29:41,590
Thank you so much...
5652
04:29:41,600 --> 04:29:43,390
- Oh, wow!
- How lovely!
5653
04:29:43,400 --> 04:29:44,560
How sweet!
5654
04:29:46,080 --> 04:29:48,440
Thank you, Gautam.
5655
04:29:49,200 --> 04:29:50,310
- Thank you very much.
- Thank you.
5656
04:29:50,320 --> 04:29:52,230
Golu Bhai,
your diamonds are arriving, right?
5657
04:29:52,240 --> 04:29:53,830
Yes, my diamonds will arrive.
5658
04:29:53,840 --> 04:29:56,030
That's why I came.
I have a product.
5659
04:29:56,040 --> 04:29:58,310
To get it started.
Now, his product will arrive.
5660
04:29:58,320 --> 04:29:59,630
His product is on its way.
5661
04:29:59,640 --> 04:30:02,310
And also, we are having all of them
have an interactive session
5662
04:30:02,320 --> 04:30:04,510
- at our Atelier Lounge.
- Oh, nice.
5663
04:30:04,520 --> 04:30:07,000
Fantastic. Now, we have
to go to the Board Room.
5664
04:30:07,200 --> 04:30:08,230
- Yes.
- Yes. Thank you.
5665
04:30:08,240 --> 04:30:09,630
- We are going into our Board Room.
- See you!
5666
04:30:09,640 --> 04:30:11,710
- We are off to the Board Room.
- All the best.
5667
04:30:11,720 --> 04:30:13,360
- Bye, thank you.
- Bye-bye. Thank you.
5668
04:30:15,160 --> 04:30:16,870
Tell us your ask again.
5669
04:30:16,880 --> 04:30:20,390
Our ask is ₹1 crore
against 2.5% of equity.
5670
04:30:20,400 --> 04:30:21,920
Manish, on that note,
5671
04:30:22,360 --> 04:30:25,630
they have accepted money
at the valuation of ₹20 crore.
5672
04:30:25,640 --> 04:30:28,990
- Yes, that was insane.
- Sir, that was for six months.
5673
04:30:29,000 --> 04:30:30,310
We will answer you.
5674
04:30:30,320 --> 04:30:32,710
Of course, it was six months.
5675
04:30:32,720 --> 04:30:34,870
In that time, we have grown.
5676
04:30:34,880 --> 04:30:36,710
Last month, we had
a revenue of ₹1.6 crore.
5677
04:30:36,720 --> 04:30:38,910
Six months ago, our average
was ₹90 lakh to ₹91 lakh.
5678
04:30:38,920 --> 04:30:40,560
Manish, I have a fundamental problem.
5679
04:30:42,240 --> 04:30:44,840
- Please go ahead.
- Why should we be a part of a business
5680
04:30:45,160 --> 04:30:46,760
which we will get only 2.5%?
5681
04:30:47,160 --> 04:30:50,520
I mean, when you look
at the portfolio in the morning,
5682
04:30:50,720 --> 04:30:53,640
and there are around
20 companies there,
5683
04:30:53,840 --> 04:30:55,520
which company would you focus on?
5684
04:30:55,720 --> 04:30:58,320
Will it be the company that gives
you 2.5% or 20%?
5685
04:31:00,520 --> 04:31:02,600
I would love the percentage
to be in double digits.
5686
04:31:05,440 --> 04:31:06,830
Darpan, my biggest thing is...
5687
04:31:06,840 --> 04:31:09,870
You are coming here
and diluting your equity.
5688
04:31:09,880 --> 04:31:13,000
According to me,
the level of visibility and support
5689
04:31:13,160 --> 04:31:14,830
- you are getting from FEF...
- Yes.
5690
04:31:14,840 --> 04:31:17,110
You don't need a capital infusion.
5691
04:31:17,120 --> 04:31:18,390
No, we need it.
5692
04:31:18,400 --> 04:31:20,000
My problem is related to supply.
5693
04:31:20,160 --> 04:31:21,990
People are already
asking me for more stock.
5694
04:31:22,000 --> 04:31:23,190
- Inventory is less.
- Yes.
5695
04:31:23,200 --> 04:31:27,390
Brands like us keep 3x the inventory
ready in their warehouse.
5696
04:31:27,400 --> 04:31:29,390
We've been working
with 1x the inventory.
5697
04:31:29,400 --> 04:31:32,230
So, you will use most of the funds
on your inventory.
5698
04:31:32,240 --> 04:31:33,310
- Yes. Yes.
- Right?
5699
04:31:33,320 --> 04:31:35,550
Hypothetically,
if we give you ₹2 crore,
5700
04:31:35,560 --> 04:31:36,750
what will be the rise in your sales?
5701
04:31:36,760 --> 04:31:38,680
I can turn it from 11 to 22, sir.
5702
04:31:39,720 --> 04:31:41,270
- Even now, without a fund--
- You can double it.
5703
04:31:41,280 --> 04:31:42,800
We can double it. It's simple.
5704
04:31:43,680 --> 04:31:45,070
Let's keep
the valuation at ₹20 crore.
5705
04:31:45,080 --> 04:31:45,830
Yes.
5706
04:31:45,840 --> 04:31:48,270
But take 10% in equity
and give them ₹2 crore.
5707
04:31:48,280 --> 04:31:50,960
You will gain more capital
to expand.
5708
04:31:52,560 --> 04:31:53,760
It's not bad.
5709
04:31:54,280 --> 04:31:55,470
- It will be 10% equity.
- Yes.
5710
04:31:55,480 --> 04:31:57,710
₹20 crore in valuation
and ₹2 crore funding.
5711
04:31:57,720 --> 04:31:59,470
- No... Yeah.
- Correct?
5712
04:31:59,480 --> 04:32:01,760
Sir, that already happened
six months ago.
5713
04:32:03,520 --> 04:32:04,790
So, what we are thinking is...
5714
04:32:04,800 --> 04:32:06,920
We respect your decision.
You want 10%.
5715
04:32:07,720 --> 04:32:10,190
So, you can give us ₹4 crore
for 10%.
5716
04:32:10,200 --> 04:32:12,680
That's your ask. I appreciate that.
5717
04:32:13,000 --> 04:32:15,720
- Let's not lower the valuation.
- We don't want the valuation...
5718
04:32:17,320 --> 04:32:18,720
So, we have an offer.
5719
04:32:19,080 --> 04:32:20,400
Oh, great. You have already revised.
5720
04:32:21,400 --> 04:32:26,160
At a valuation of ₹30 crore,
10% equity,
5721
04:32:27,400 --> 04:32:28,480
we will give you ₹3 crore.
5722
04:32:30,840 --> 04:32:33,110
When we went to the Board Room
for the second time,
5723
04:32:33,120 --> 04:32:35,270
there was no need
of any other discussion.
5724
04:32:35,280 --> 04:32:38,350
They only wanted
to negotiate and end it.
5725
04:32:38,360 --> 04:32:40,830
We were very clear
that we had numbers.
5726
04:32:40,840 --> 04:32:42,680
A valuation of ₹40 crore is nothing.
5727
04:32:43,680 --> 04:32:44,990
Tell me your numbers.
5728
04:32:45,000 --> 04:32:46,390
What is your ask?
5729
04:32:46,400 --> 04:32:50,080
So, my ask is ₹2 crore
for 20%.
5730
04:32:51,440 --> 04:32:53,590
How much was your revenue
for that valuation?
5731
04:32:53,600 --> 04:32:55,190
It was ₹75 lakh...
5732
04:32:55,200 --> 04:32:58,280
Are you valuing your company
at ₹10 crore at a revenue of ₹75 lakh?
5733
04:32:58,520 --> 04:32:59,910
It's more than 10 to 11 times.
5734
04:32:59,920 --> 04:33:01,600
Yeah. Isn't it too much?
5735
04:33:02,800 --> 04:33:04,110
I have never heard this.
5736
04:33:04,120 --> 04:33:09,240
Sir, we had already raised around
₹2.5 crore before coming here.
5737
04:33:09,360 --> 04:33:10,990
Is it ₹10 crore valuation
for ₹2.5 crore?
5738
04:33:11,000 --> 04:33:12,430
- Is there a reason?
- What is the reason?
5739
04:33:12,440 --> 04:33:15,990
But we also want to open
a brick-and-mortar store.
5740
04:33:16,000 --> 04:33:17,760
Wanting something
is a different thing.
5741
04:33:18,840 --> 04:33:20,950
Without opening
a brick-and-mortar store,
5742
04:33:20,960 --> 04:33:22,830
you can do it through
an MBO format as well.
5743
04:33:22,840 --> 04:33:25,990
You can open an experience centre
to gain a better touchpoint.
5744
04:33:26,000 --> 04:33:28,960
- That's a good point.
- Now, with 5x multiples,
5745
04:33:29,120 --> 04:33:30,590
we will... What was your ask?
5746
04:33:30,600 --> 04:33:32,280
Valuation was at ₹10 crore.
5747
04:33:32,520 --> 04:33:34,310
- Yes.
- Right? That's still way above...
5748
04:33:34,320 --> 04:33:36,230
Just multiply ₹75 lakh by 5.
5749
04:33:36,240 --> 04:33:37,510
The value will be ₹4 crore.
5750
04:33:37,520 --> 04:33:39,080
I don't think we are there yet.
5751
04:33:40,200 --> 04:33:41,790
Because you are in
an infancy stage...
5752
04:33:41,800 --> 04:33:42,950
Yes, correct.
5753
04:33:42,960 --> 04:33:46,680
We can put the valuation of your
company at ₹3.5 crore today.
5754
04:33:49,400 --> 04:33:51,680
I feel like, in terms of our sales,
5755
04:33:52,000 --> 04:33:53,990
our first year was ₹35 lakh
5756
04:33:54,000 --> 04:33:55,520
and we went to ₹75 lakh.
5757
04:33:55,840 --> 04:33:58,990
Now, we are going to be
at ₹1.2 crore to ₹1.3 crore.
5758
04:33:59,000 --> 04:34:00,310
- Great.
- We are also going--
5759
04:34:00,320 --> 04:34:01,630
Mariyam, what will be
your sales in the next year?
5760
04:34:01,640 --> 04:34:05,470
I think we will touch ₹3 crore.
5761
04:34:05,480 --> 04:34:08,880
Are you saying that you will go from
₹1.2 crore to ₹3 crore in one year?
5762
04:34:11,240 --> 04:34:13,430
- That's a 100%...
- It's amazing you think like that,
5763
04:34:13,440 --> 04:34:15,710
- but, my darling--
- How?
5764
04:34:15,720 --> 04:34:18,080
Mariyam, what I feel
is that we need to learn more.
5765
04:34:19,000 --> 04:34:21,120
I really feel that
you have a lovely brand.
5766
04:34:21,360 --> 04:34:23,640
I think you should do more homework.
5767
04:34:25,280 --> 04:34:26,910
- So, let's give her the time.
- That's right...
5768
04:34:26,920 --> 04:34:28,510
- I think you should go...
- So, our final offer is...
5769
04:34:28,520 --> 04:34:30,150
- ...and discuss it properly.
-₹3.5 crore in valuation,
5770
04:34:30,160 --> 04:34:31,880
just so that you know it
as you take that out.
5771
04:34:33,680 --> 04:34:36,110
I feel like
I get intimidated.
5772
04:34:36,120 --> 04:34:37,030
Because it's not good.
5773
04:34:37,040 --> 04:34:39,270
I come across as very immature and
5774
04:34:39,280 --> 04:34:42,470
somebody who doesn't
know their field.
5775
04:34:42,480 --> 04:34:43,790
I will take it on myself.
5776
04:34:43,800 --> 04:34:46,040
They didn't stop me from speaking.
5777
04:34:47,760 --> 04:34:50,240
- So, what is your ask now?
- We are only asking for ₹2 crore.
5778
04:34:50,600 --> 04:34:52,400
-₹2 crore for...
- An equity of 10%.
5779
04:34:53,040 --> 04:34:55,360
We are trying to build
a tech-enabled fashion business.
5780
04:34:56,360 --> 04:34:58,720
If I were to show you
these three images here,
5781
04:34:59,160 --> 04:35:00,710
the first image is
partially virtualised
5782
04:35:00,720 --> 04:35:02,320
with only the backdrop virtualised.
5783
04:35:02,760 --> 04:35:06,600
The second product is
a virtual model and a real product.
5784
04:35:06,960 --> 04:35:10,280
The third product is a virtual model
and a virtual product.
5785
04:35:10,520 --> 04:35:11,790
That product was never created.
5786
04:35:11,800 --> 04:35:12,670
This is your idea.
5787
04:35:12,680 --> 04:35:14,230
You haven't gained
benefits from it yet.
5788
04:35:14,240 --> 04:35:15,920
No, this has started now.
5789
04:35:16,320 --> 04:35:18,200
And we are generating
real sales out of it.
5790
04:35:18,440 --> 04:35:20,960
So, currently, around
10% of our sales
5791
04:35:21,160 --> 04:35:22,510
- is now on... Yeah.
- Is it based on this?
5792
04:35:22,520 --> 04:35:26,030
And the thing is, the brand
is being discovered online
5793
04:35:26,040 --> 04:35:27,750
and we have one physical store.
5794
04:35:27,760 --> 04:35:29,910
That store is clearly
5795
04:35:29,920 --> 04:35:34,280
piloting the first set of
our bridal and evening lines.
5796
04:35:34,760 --> 04:35:38,190
- The bridal wear won't be sold online.
- The online sales must be better.
5797
04:35:38,200 --> 04:35:40,400
- What about the online sales?
- It's 50-50.
5798
04:35:40,760 --> 04:35:41,830
So, online sales have broken even.
5799
04:35:41,840 --> 04:35:43,630
- Customisation, with shipping...
- Online makes money.
5800
04:35:43,640 --> 04:35:44,680
Online makes money.
5801
04:35:44,920 --> 04:35:47,440
And let's talk about
the brick-and-mortar first.
5802
04:35:48,240 --> 04:35:50,600
- What is the rent of your store?
- About ₹10 lakh.
5803
04:35:51,480 --> 04:35:53,360
- How big is the store?
- It's 800 sq. ft.
5804
04:35:53,480 --> 04:35:55,150
Manish, how does
that sound in ratios?
5805
04:35:55,160 --> 04:35:57,800
An 800 sq. ft. shop
doing this kind of revenue.
5806
04:35:58,040 --> 04:36:00,630
I think you can do much better
with the area you have.
5807
04:36:00,640 --> 04:36:03,030
- Of course. Like I said, it's the first--
- It's the hub.
5808
04:36:03,040 --> 04:36:04,110
The store loses money.
5809
04:36:04,120 --> 04:36:06,240
How much is the monthly
loss on the store?
5810
04:36:06,720 --> 04:36:09,040
Approximately, we end up losing
₹1 crore on the store.
5811
04:36:10,520 --> 04:36:12,670
This heavy loss number
of the first store...
5812
04:36:12,680 --> 04:36:14,030
If you open more stores.
5813
04:36:14,040 --> 04:36:15,710
It's the most expensive...
5814
04:36:15,720 --> 04:36:19,190
It's the most expensive retail
neighbourhood in the country.
5815
04:36:19,200 --> 04:36:21,830
But don't you want...
Don't you want to curb that
5816
04:36:21,840 --> 04:36:24,520
before you try to open new stores?
5817
04:36:24,720 --> 04:36:26,160
We took a conscious decision
5818
04:36:26,400 --> 04:36:29,120
because we consider that 50%
of that store is for branding.
5819
04:36:29,400 --> 04:36:31,070
- Right.
- In a large market
5820
04:36:31,080 --> 04:36:32,560
that you want to disrupt,
5821
04:36:32,760 --> 04:36:35,080
you have to take
a loss leader strategy.
5822
04:36:35,400 --> 04:36:38,040
- There are ₹10.55 crore left.
- There are three parties.
5823
04:36:38,200 --> 04:36:39,590
How much will be left for us?
5824
04:36:39,600 --> 04:36:41,070
I think ₹1 crore will go today.
5825
04:36:41,080 --> 04:36:44,190
- Stylox will take ₹80 lakh.
- So, who else is left?
5826
04:36:44,200 --> 04:36:45,670
Talking Threads won't go today.
5827
04:36:45,680 --> 04:36:46,910
Talking Threads won't go for sure.
5828
04:36:46,920 --> 04:36:50,590
I feel that they would
have agreed for their ask.
5829
04:36:50,600 --> 04:36:52,070
Then Gaurav would have said
that he had some advice.
5830
04:36:52,080 --> 04:36:53,440
Then they would have rejected him.
5831
04:36:55,680 --> 04:36:57,520
I think Banana Labs may go.
5832
04:36:57,800 --> 04:37:00,360
If she thinks she is getting
a good value, she will go.
5833
04:37:00,560 --> 04:37:01,390
And second deal--
5834
04:37:01,400 --> 04:37:03,760
Basically,
no one is betting on Talking Threads.
5835
04:37:05,520 --> 04:37:06,480
All three left.
5836
04:37:11,440 --> 04:37:13,240
All three left. All three left.
5837
04:37:14,480 --> 04:37:16,310
It shouldn't go below ₹5 crore.
5838
04:37:16,320 --> 04:37:19,400
Oh, God...
5839
04:37:20,720 --> 04:37:22,760
- Shit! It's ₹3 crore.
- What?
5840
04:37:23,360 --> 04:37:25,040
- So, did all three leave?
- Shit!
5841
04:37:26,400 --> 04:37:28,190
Stylox was asking for ₹1 crore.
5842
04:37:28,200 --> 04:37:30,880
We should pack and leave.
5843
04:37:32,120 --> 04:37:35,920
If they took ₹3 crore,
will we get ₹25 lakh each?
5844
04:37:36,200 --> 04:37:37,390
- Stylox...
- All three must have left.
5845
04:37:37,400 --> 04:37:38,390
All three must have left.
5846
04:37:38,400 --> 04:37:39,990
I am sure.
Or else, they would have come here.
5847
04:37:40,000 --> 04:37:42,750
- You are right.
- No. I think two of them left.
5848
04:37:42,760 --> 04:37:44,160
- I think two of them left.
- Okay.
5849
04:37:46,840 --> 04:37:48,670
Mariyam doesn't have a case.
5850
04:37:48,680 --> 04:37:49,760
They are holding it...
5851
04:37:49,920 --> 04:37:51,510
Stylox has it.
5852
04:37:51,520 --> 04:37:53,550
Talking Threads has it.
5853
04:37:53,560 --> 04:37:55,110
Mariyam doesn't have it.
5854
04:37:55,120 --> 04:37:57,800
- I am holding a laptop.
- Mariyam is holding a laptop.
5855
04:37:58,720 --> 04:38:01,510
- No, it's just us.
- Did you get ₹3 crore?
5856
04:38:01,520 --> 04:38:03,470
- Yes, ₹3 crore.
- What was your ask?
5857
04:38:03,480 --> 04:38:05,190
- No. No. No.
-₹1 crore.
5858
04:38:05,200 --> 04:38:06,190
They gave you more.
5859
04:38:06,200 --> 04:38:07,830
They said we were asking
for a small amount.
5860
04:38:07,840 --> 04:38:09,670
As there was a huge fund,
we should ask for more.
5861
04:38:09,680 --> 04:38:11,040
Congratulations, sir.
5862
04:38:13,840 --> 04:38:15,880
At a valuation of ₹30 crore,
5863
04:38:19,400 --> 04:38:20,480
10% equity,
5864
04:38:23,520 --> 04:38:24,600
we will give you ₹3 crore.
5865
04:38:24,840 --> 04:38:26,110
- It's a 50% increase.
- At least, an increase...
5866
04:38:26,120 --> 04:38:28,120
Your value has increased
by 50%.
5867
04:38:28,280 --> 04:38:29,830
- Okay. Okay.
- Sir, it's a deal.
5868
04:38:29,840 --> 04:38:31,030
- Amazing!
- All right.
5869
04:38:31,040 --> 04:38:33,350
- Congratulations.
- Congratulations.
5870
04:38:33,360 --> 04:38:35,240
- Stylox.
- Thank you.
5871
04:38:35,760 --> 04:38:37,360
you have yourself a deal.
5872
04:38:37,560 --> 04:38:39,710
- Thank you so much.
- Congratulations, Stylox.
5873
04:38:39,720 --> 04:38:40,720
See you.
5874
04:38:43,040 --> 04:38:44,840
I was shocked.
5875
04:38:45,920 --> 04:38:47,510
I was like, how did this happen?
5876
04:38:47,520 --> 04:38:49,640
Stylox took ₹3 crore.
5877
04:38:51,440 --> 04:38:55,560
So, we were shocked
and our hearts were sad.
5878
04:38:56,000 --> 04:38:57,960
Our fund was steadily decreasing.
5879
04:38:58,400 --> 04:39:00,830
Dhruv, we need to understand better
5880
04:39:00,840 --> 04:39:04,840
because we are financing
burn here and not the growth.
5881
04:39:07,720 --> 04:39:09,870
At that location,
we are just a year old.
5882
04:39:09,880 --> 04:39:12,510
- But minus the footfall...
- Gaurav, that doesn't mean...
5883
04:39:12,520 --> 04:39:14,950
It's the highest costing
retail area in the country.
5884
04:39:14,960 --> 04:39:19,230
But, Gaurav, I am saying that your
products may not be for that location.
5885
04:39:19,240 --> 04:39:22,320
I am telling you that our
flagship store is a marketing point.
5886
04:39:25,280 --> 04:39:27,000
My humble submission will be
5887
04:39:28,680 --> 04:39:30,750
get the tech part. It's great.
That's different.
5888
04:39:30,760 --> 04:39:33,280
No one else has talked about it
in this kind of traditional space.
5889
04:39:33,840 --> 04:39:34,750
In the next Board Room,
5890
04:39:34,760 --> 04:39:36,150
we will keep it very precise
5891
04:39:36,160 --> 04:39:39,560
to how the numbers of your
first store can be improved.
5892
04:39:40,080 --> 04:39:44,230
And it will give us confidence
that when you open other stores,
5893
04:39:44,240 --> 04:39:45,550
they will be profitable.
5894
04:39:45,560 --> 04:39:46,640
Let's focus on that.
5895
04:39:46,840 --> 04:39:48,400
- Okay, guys. Thank you so much.
- Thank you so much.
5896
04:39:50,640 --> 04:39:51,830
Brand, right?
5897
04:39:51,840 --> 04:39:54,280
If you speak about
the top ten designers...
5898
04:39:55,120 --> 04:39:56,240
It's a matter of two years.
5899
04:39:57,520 --> 04:39:59,230
Talking Threads will be talked about
5900
04:39:59,240 --> 04:40:01,670
as one of the top ten
brands in bridal wear.
5901
04:40:01,680 --> 04:40:02,910
It's just a matter of two years.
5902
04:40:02,920 --> 04:40:05,360
There was no sense.
It didn't make any sense at all.
5903
04:40:05,840 --> 04:40:08,870
And we know how to deal
with things at arms.
5904
04:40:08,880 --> 04:40:10,190
We are professionals.
5905
04:40:10,200 --> 04:40:11,880
Do you remember the first day?
5906
04:40:12,080 --> 04:40:13,790
There were ₹30 crore.
5907
04:40:13,800 --> 04:40:16,680
Now, ₹22.45 crore have been lost.
5908
04:40:18,120 --> 04:40:21,070
It's like take whatever
you get and get out.
5909
04:40:21,080 --> 04:40:22,480
This is what I am feeling.
5910
04:40:22,640 --> 04:40:26,200
Well, the journey is still left.
5911
04:40:26,960 --> 04:40:28,120
There is still a chance.
5912
04:40:28,360 --> 04:40:30,240
I will not squander that chance.
5913
04:40:32,400 --> 04:40:35,280
Now, half of us want to go home.
5914
04:40:36,080 --> 04:40:38,110
Because there is the Banana Club.
5915
04:40:38,120 --> 04:40:40,350
Their ask was already ₹15 crore.
5916
04:40:40,360 --> 04:40:42,320
They are in a state of shock.
5917
04:40:43,120 --> 04:40:46,190
So, everyone is feeling restless now.
5918
04:40:46,200 --> 04:40:48,790
The ones whose ask was less
got more money.
5919
04:40:48,800 --> 04:40:52,920
Still, eight founders are left,
but the amount is very small.
5920
04:40:53,280 --> 04:40:56,440
For many, their ask is exceeding
the amount left.
5921
04:40:57,000 --> 04:40:59,400
So, I don't know.
5922
04:40:59,720 --> 04:41:01,640
No one knows what will happen.
5923
04:42:46,280 --> 04:42:48,440
All three left. All three left.
5924
04:42:49,040 --> 04:42:51,080
- Shit! It's ₹3 crore.
- What?
5925
04:42:51,280 --> 04:42:54,870
₹7.55 crore!
That's all that is left
5926
04:42:54,880 --> 04:42:57,800
from our ₹30 crore
Fashion Entrepreneur Fund.
5927
04:42:59,160 --> 04:43:01,790
In the last episode,
the rain of pitch coins
5928
04:43:01,800 --> 04:43:07,470
and perfect pricing got Stylox
a very VFM, value for money, deal.
5929
04:43:07,480 --> 04:43:09,280
In fact, a big deal.
5930
04:43:09,560 --> 04:43:12,230
- No, it's just us.
- Did you get ₹3 crore?
5931
04:43:12,240 --> 04:43:13,760
Yes, ₹3 crore.
5932
04:43:14,920 --> 04:43:16,480
They gave you more than your ask.
5933
04:43:18,600 --> 04:43:22,680
From 14 companies, only 7 are left.
5934
04:43:34,840 --> 04:43:36,880
Pitch to Get Rich
5935
04:43:38,320 --> 04:43:39,470
Let's talk about business.
5936
04:43:39,480 --> 04:43:43,590
In the first 5 years,
50% of start-ups fail.
5937
04:43:43,600 --> 04:43:46,880
But the most successful start-ups
5938
04:43:47,040 --> 04:43:50,910
have a clear and defined
vision from day one.
5939
04:43:50,920 --> 04:43:54,590
The point is the founders
have to show us their brand's future
5940
04:43:54,600 --> 04:43:56,630
through a new product variant.
5941
04:43:56,640 --> 04:43:59,590
To do this, every company
will have to make
5942
04:43:59,600 --> 04:44:02,790
a full-blown social media
advertising campaign
5943
04:44:02,800 --> 04:44:05,200
to launch their new product.
5944
04:44:09,360 --> 04:44:12,710
As always,
the challenge is quite exciting.
5945
04:44:12,720 --> 04:44:17,640
This time, we have to present a new
category, a new variant in our pitch.
5946
04:44:17,840 --> 04:44:19,110
Plus, there is a twist.
5947
04:44:19,120 --> 04:44:21,960
We have to launch
an ad campaign for that.
5948
04:44:22,560 --> 04:44:26,150
I think it will be very challenging
to launch a new variant.
5949
04:44:26,160 --> 04:44:32,110
Philocaly is trying something to
mix our strength and the new variant.
5950
04:44:32,120 --> 04:44:34,670
Then it wouldn't be
a completely uncharted territory.
5951
04:44:34,680 --> 04:44:38,430
We don't want to be found in the
middle of the sea with no lifeboat.
5952
04:44:38,440 --> 04:44:40,190
Do you think it's
something you can do?
5953
04:44:40,200 --> 04:44:43,790
Are Mohak and you going to
be up for the challenge with me?
5954
04:44:43,800 --> 04:44:46,150
I mean, it's going
to be very difficult...
5955
04:44:46,160 --> 04:44:47,560
- Yeah.
- ...but we will love to do it.
5956
04:44:47,720 --> 04:44:48,760
Yeah. Yeah.
5957
04:44:51,000 --> 04:44:53,430
We had two days to launch a product.
5958
04:44:53,440 --> 04:44:54,590
This is not easy.
5959
04:44:54,600 --> 04:44:56,430
So, what if we could
just make a towel?
5960
04:44:56,440 --> 04:45:01,030
Because we don't have it.
We can launch a new towel.
5961
04:45:01,040 --> 04:45:03,110
Towel fabric will fall
under the shirt category.
5962
04:45:03,120 --> 04:45:05,510
What is the new category here?
What is the new variant?
5963
04:45:05,520 --> 04:45:09,120
Initially, we were blanked out.
We didn't know what to do.
5964
04:45:10,720 --> 04:45:15,640
We were thinking about Naira.
Why don't we launch it on the show?
5965
04:45:16,040 --> 04:45:17,230
- Yes, sure.
- I mean, the garments are...
5966
04:45:17,240 --> 04:45:18,230
We were very clear that
5967
04:45:18,240 --> 04:45:21,430
if we expanded our collection
and made something meaningful
5968
04:45:21,440 --> 04:45:24,150
it will be something
that we actually intend to do,
5969
04:45:24,160 --> 04:45:26,880
want to do and will do it
with a launch on the show.
5970
04:45:28,720 --> 04:45:32,320
We have been boxed into Indian wear.
5971
04:45:32,520 --> 04:45:34,680
Like, we are a very
Indian-centric brand.
5972
04:45:34,960 --> 04:45:36,230
But I want to break out of it.
5973
04:45:36,240 --> 04:45:37,990
This time, we want to go sexy.
5974
04:45:38,000 --> 04:45:41,040
We want to go fun.
We want to go crazy.
5975
04:45:41,240 --> 04:45:44,430
So, in terms of variant,
we have to take something different,
5976
04:45:44,440 --> 04:45:46,190
but still in sync with our brand.
5977
04:45:46,200 --> 04:45:47,800
What are you doing, Kirti?
5978
04:45:47,960 --> 04:45:50,550
I am unable to figure out
what to do now.
5979
04:45:50,560 --> 04:45:53,630
We are brainstorming.
Let's see what we can do.
5980
04:45:53,640 --> 04:45:54,720
Yes.
5981
04:45:55,800 --> 04:45:57,510
I think there are a few things
5982
04:45:57,520 --> 04:45:59,390
that I have been wanting
to do for a long time.
5983
04:45:59,400 --> 04:46:02,230
In terms of launching
a new category, maybe.
5984
04:46:02,240 --> 04:46:04,990
Or launching a new
collection or a line.
5985
04:46:05,000 --> 04:46:06,630
Or maybe changing the game.
5986
04:46:06,640 --> 04:46:10,160
Now, I have the opportunity,
I have the time, and I will go for it.
5987
04:46:10,800 --> 04:46:12,430
Our product was decided.
5988
04:46:12,440 --> 04:46:16,080
Then we thought about how
to design an ad campaign for it.
5989
04:46:20,160 --> 04:46:24,040
We had to shoot,
direct and edit the ad on our own.
5990
04:46:24,640 --> 04:46:27,190
An ad is not about spending money.
5991
04:46:27,200 --> 04:46:30,190
An ad is something
that is not expensive
5992
04:46:30,200 --> 04:46:32,920
but communicates with
the consumer properly.
5993
04:46:39,200 --> 04:46:42,510
In this social media campaign,
I am wearing two hats this time.
5994
04:46:42,520 --> 04:46:44,110
One is the director's hat.
5995
04:46:44,120 --> 04:46:46,120
And action!
5996
04:46:47,480 --> 04:46:49,200
Yes, this is good. Good. Good.
5997
04:46:50,080 --> 04:46:52,720
I am acting in my own campaign.
5998
04:46:53,040 --> 04:46:56,470
I am getting a chance to
discover a new side to myself.
5999
04:46:56,480 --> 04:46:58,800
I could have found it
only on this show.
6000
04:46:59,400 --> 04:47:04,480
When we shoot a normal campaign,
our shift is 10 hours long.
6001
04:47:04,600 --> 04:47:09,030
You have two hours, and you have
to present an entire ad campaign.
6002
04:47:09,040 --> 04:47:10,800
Just five minutes.
6003
04:47:11,360 --> 04:47:13,830
No. No. I can't do it like this.
This is not done.
6004
04:47:13,840 --> 04:47:15,510
If somebody else has taken more time,
6005
04:47:15,520 --> 04:47:16,670
I am going to do my whole thing.
6006
04:47:16,680 --> 04:47:17,870
You have five minutes.
6007
04:47:17,880 --> 04:47:20,520
I can't do it in five minutes.
It can't happen in five minutes.
6008
04:47:20,920 --> 04:47:23,430
I want this one, not this one.
And she is fixing her make-up.
6009
04:47:23,440 --> 04:47:25,430
The girl is going shopping...
She will enter from here.
6010
04:47:25,440 --> 04:47:26,350
Action.
6011
04:47:26,360 --> 04:47:28,230
There are four to five cameramen,
6012
04:47:28,240 --> 04:47:30,920
and everyone was looking at me
for directions. What was next?
6013
04:47:31,080 --> 04:47:33,960
With so many people talking,
I am getting confused.
6014
04:47:36,240 --> 04:47:37,440
Smoke...
6015
04:47:37,920 --> 04:47:40,190
Smoke to the floor.
Blow the smoke lower.
6016
04:47:40,200 --> 04:47:41,320
Lower it.
6017
04:47:42,840 --> 04:47:45,590
I was yelling at them to
switch off the smoke machine.
6018
04:47:45,600 --> 04:47:48,350
I wanted them to lower the smoke.
They didn't listen to me.
6019
04:47:48,360 --> 04:47:52,240
And it was late in the night.
There was smoke everywhere.
6020
04:47:54,640 --> 04:47:57,310
Our collection is so beautiful,
6021
04:47:57,320 --> 04:48:01,440
and what we have shot until now
doesn't do it justice.
6022
04:48:06,640 --> 04:48:08,350
In my variant,
there are two products.
6023
04:48:08,360 --> 04:48:10,400
And I want both of
them to be showcased.
6024
04:48:13,240 --> 04:48:15,880
We have to shoot
two ads in three hours.
6025
04:48:16,720 --> 04:48:17,600
Fab.
6026
04:48:18,040 --> 04:48:20,270
Beautiful! Beautiful! Beautiful!
6027
04:48:20,280 --> 04:48:21,950
We have to get the messaging right.
6028
04:48:21,960 --> 04:48:24,230
If the message is translated,
it's great. If not, I am stuck.
6029
04:48:24,240 --> 04:48:26,120
Cut. Cut. Cut. Thank you.
6030
04:48:29,280 --> 04:48:32,110
We have a campaign in mind.
We know our message
6031
04:48:32,120 --> 04:48:33,480
and how to translate it onscreen.
6032
04:48:33,680 --> 04:48:35,560
But how do we shoot it now?
6033
04:48:35,800 --> 04:48:39,230
It was quite challenging for us.
6034
04:48:39,240 --> 04:48:42,320
- Is this size okay?
- This is the biggest one.
6035
04:48:42,680 --> 04:48:44,030
So, why is it not standing?
6036
04:48:44,040 --> 04:48:45,520
You have to make it stand.
6037
04:48:45,760 --> 04:48:47,880
It fell asleep again.
6038
04:48:48,720 --> 04:48:50,440
It will happen. Don't worry.
6039
04:48:50,640 --> 04:48:55,720
It's a little naughty, but when
you watch it, you will relate to it.
6040
04:48:59,160 --> 04:49:02,000
His imagination is
going somewhere else.
6041
04:49:02,720 --> 04:49:04,760
Keep one of them on the sand.
6042
04:49:04,960 --> 04:49:07,550
My shoot is going terribly.
It's a mess.
6043
04:49:07,560 --> 04:49:09,710
I am really, really upset.
6044
04:49:09,720 --> 04:49:12,830
I am on the verge of crying.
I don't know what to do.
6045
04:49:12,840 --> 04:49:14,680
Remove the background flex.
6046
04:49:14,920 --> 04:49:18,150
We set up the flex and opened it.
It was full of fold lines.
6047
04:49:18,160 --> 04:49:20,920
We removed the canvas and
put up a white canvas there.
6048
04:49:21,920 --> 04:49:24,280
It was a disaster. Disaster!
6049
04:49:24,400 --> 04:49:26,310
I just can't shoot in this.
6050
04:49:26,320 --> 04:49:28,640
Instead of making bad imagery,
we shouldn't make it at all.
6051
04:49:28,800 --> 04:49:31,000
I don't know. It's not looking nice.
6052
04:49:37,000 --> 04:49:39,270
We found envelopes on our tables.
6053
04:49:39,280 --> 04:49:42,910
We were invited to
the Mecca of menswear
6054
04:49:42,920 --> 04:49:45,760
by none other than
Mr. Gautam Singhania.
6055
04:49:59,160 --> 04:50:02,480
Beautiful. It's my dream
to have a store like this.
6056
04:50:11,080 --> 04:50:14,360
Then entered Mr. Gautam Singhania.
6057
04:50:17,040 --> 04:50:17,870
Hello, sir.
6058
04:50:17,880 --> 04:50:19,590
- Hello.
- Good afternoon, sir.
6059
04:50:19,600 --> 04:50:21,680
As soon as he entered the room,
6060
04:50:21,840 --> 04:50:23,160
the aura was different.
6061
04:50:23,560 --> 04:50:24,560
Welcome.
6062
04:50:24,760 --> 04:50:26,640
Then the questionnaire began.
6063
04:50:26,880 --> 04:50:30,750
How can a brand stay relevant
for 100 years?
6064
04:50:30,760 --> 04:50:35,880
A brand stays relevant
when you innovate continuously.
6065
04:50:36,560 --> 04:50:40,040
Secondly, you have to give
your customer value.
6066
04:50:40,320 --> 04:50:41,390
Forget about the price.
6067
04:50:41,400 --> 04:50:43,150
Today, look at this range
of ethnic wear.
6068
04:50:43,160 --> 04:50:46,320
Compare this line
with anyone in India,
6069
04:50:46,520 --> 04:50:48,830
I can guarantee you
that my range is the best.
6070
04:50:48,840 --> 04:50:51,470
What are the things you consider
before launching a variant?
6071
04:50:51,480 --> 04:50:54,790
Is there any commonality
to be considered?
6072
04:50:54,800 --> 04:50:57,190
It has to fit the DNA of your brand.
6073
04:50:57,200 --> 04:50:58,160
Yes.
6074
04:50:58,720 --> 04:51:01,520
Now, in the business of fabrics,
6075
04:51:01,680 --> 04:51:03,710
if we launch a new silk collection,
6076
04:51:03,720 --> 04:51:04,750
- it will be a variant.
- Yes.
6077
04:51:04,760 --> 04:51:06,680
But it fits in the overall DNA.
6078
04:51:06,920 --> 04:51:08,830
So, we are so into the printed silk
6079
04:51:08,840 --> 04:51:10,480
that we bought a specialised machine.
6080
04:51:10,640 --> 04:51:12,790
We started with silk, went to cotton
6081
04:51:12,800 --> 04:51:14,870
and now we are doing
the same with linen.
6082
04:51:14,880 --> 04:51:15,830
Wow.
6083
04:51:15,840 --> 04:51:17,910
Now, what is its variant?
6084
04:51:17,920 --> 04:51:21,030
- I can go to the home industry.
- Right. Right.
6085
04:51:21,040 --> 04:51:23,750
So, you have to start thinking
about how you can do it differently.
6086
04:51:23,760 --> 04:51:25,360
- Correct.
- Good?
6087
04:51:25,600 --> 04:51:27,870
- Thank you so much, sir.
- Thank you so much.
6088
04:51:27,880 --> 04:51:28,870
It was amazing.
6089
04:51:28,880 --> 04:51:32,120
His every answer made this clear.
6090
04:51:32,480 --> 04:51:35,000
Don't leave the quality behind.
The customer won't leave you.
6091
04:51:35,160 --> 04:51:37,040
That was the key takeaway for me.
6092
04:51:40,160 --> 04:51:42,320
Welcome to Pitch to Get Rich
red carpet.
6093
04:51:43,560 --> 04:51:44,550
Our Angels
6094
04:51:44,560 --> 04:51:47,400
will evaluate the advertising
campaigns of the founders.
6095
04:51:49,480 --> 04:51:52,590
Two very special guests
will join the Angels.
6096
04:51:52,600 --> 04:51:55,840
First up, the very beautiful
Shibani Akhtar.
6097
04:51:57,960 --> 04:52:01,070
I am so excited to see
what the founders have in store.
6098
04:52:01,080 --> 04:52:02,830
I have heard so much
about it already,
6099
04:52:02,840 --> 04:52:05,200
and I can't wait to get
in there and see even more.
6100
04:52:06,320 --> 04:52:09,680
Now, we have the man
behind Pitch to Get Rich.
6101
04:52:10,120 --> 04:52:11,480
The very suave,
6102
04:52:11,760 --> 04:52:13,790
the founder of the
Fashion Entrepreneur Fund
6103
04:52:13,800 --> 04:52:14,960
please welcome...
6104
04:52:17,040 --> 04:52:18,360
Mr. Sanjay Nigam.
6105
04:52:24,960 --> 04:52:28,030
Mr. Nigam, how do you feel?
Your own Pitch to Get Rich,
6106
04:52:28,040 --> 04:52:31,910
your idea, your vision, it has been
brought to life. How do you feel?
6107
04:52:31,920 --> 04:52:32,950
Very emotional.
6108
04:52:32,960 --> 04:52:36,350
I mean, it's been four years
of planning and working.
6109
04:52:36,360 --> 04:52:39,790
What I am seeing is better
than what we thought about.
6110
04:52:39,800 --> 04:52:43,360
So, it's emotional...
It's a victory mixed with emotions.
6111
04:52:46,040 --> 04:52:48,280
- Hello.
- I love what all of you are wearing.
6112
04:52:48,600 --> 04:52:50,310
- Black and red. It's perfect.
- Men in black. Men in black.
6113
04:52:50,320 --> 04:52:51,630
- How are you?
- I am good.
6114
04:52:51,640 --> 04:52:52,790
It's good to meet you.
6115
04:52:52,800 --> 04:52:55,230
- Hello, everybody. Firstly...
- Hello. Hello.
6116
04:52:55,240 --> 04:52:56,830
- Mr. Nigam.
- Yes, ma'am.
6117
04:52:56,840 --> 04:52:58,520
Welcome to your own show.
6118
04:52:58,680 --> 04:53:00,510
Genuinely, I have to say that he is
6119
04:53:00,520 --> 04:53:02,350
one of the few in
the fashion business
6120
04:53:02,360 --> 04:53:05,880
who is here to reshape and redefine
6121
04:53:06,840 --> 04:53:08,990
young fashion entrepreneurs.
6122
04:53:09,000 --> 04:53:10,510
So, thank you so much,
6123
04:53:10,520 --> 04:53:12,080
- Mr. Nigam, for doing this.
- Thank you. Thank you.
6124
04:53:12,440 --> 04:53:15,910
Well, of course,
I would also like to welcome
6125
04:53:15,920 --> 04:53:19,040
the very, very lovely
Shibani Dandekar Akhtar.
6126
04:53:19,760 --> 04:53:21,870
Thank you so much.
Thank you for having me here.
6127
04:53:21,880 --> 04:53:23,870
Shibani, do you know
what is exciting for me today?
6128
04:53:23,880 --> 04:53:25,480
It's to hear you speak Hindi.
6129
04:53:27,040 --> 04:53:28,990
- I will try.
- Yes. Yes. Yes.
6130
04:53:29,000 --> 04:53:31,320
- Try.
- I will try my best.
6131
04:53:31,520 --> 04:53:34,310
Mr. Nigam, we began
with ₹30 crore.
6132
04:53:34,320 --> 04:53:37,030
Today, we are at ₹7.55 crore.
6133
04:53:37,040 --> 04:53:40,790
There are a few brands
whose ask is more than ₹12 crore.
6134
04:53:40,800 --> 04:53:43,270
So, I believe
this is very interesting.
6135
04:53:43,280 --> 04:53:45,030
- Yes.
- Fight, get the money
6136
04:53:45,040 --> 04:53:45,990
and grow your business.
6137
04:53:46,000 --> 04:53:47,270
Then it will be fun.
6138
04:53:47,280 --> 04:53:48,710
I think it's going to be exciting.
6139
04:53:48,720 --> 04:53:51,640
Malaika, what is today's challenge?
What is today's pitch?
6140
04:53:51,840 --> 04:53:53,670
Well, today's pitch
is a product launch.
6141
04:53:53,680 --> 04:53:55,230
A product variant.
6142
04:53:55,240 --> 04:53:58,870
They will be doing and launching
their very own social media campaign.
6143
04:53:58,880 --> 04:54:00,430
It is a first for them as well.
6144
04:54:00,440 --> 04:54:01,510
- Excited?
- Yes.
6145
04:54:01,520 --> 04:54:03,470
- Very much. Everybody?
- Very much.
6146
04:54:03,480 --> 04:54:05,750
Coming up first is Talking Threads.
6147
04:54:05,760 --> 04:54:08,640
Shibani, they do
bridal occasion wear.
6148
04:54:09,000 --> 04:54:11,640
They are trying to
tap into a market which is
6149
04:54:13,400 --> 04:54:15,080
cheaper than Manish.
6150
04:54:16,680 --> 04:54:19,670
- I mean it's little more...
- Just a little. Just a little.
6151
04:54:19,680 --> 04:54:21,720
The name is perfect.
Talking Threads.
6152
04:54:29,280 --> 04:54:30,560
Pearl and Gaurav,
6153
04:54:30,840 --> 04:54:34,320
are you ready to show us
your social media campaign?
6154
04:54:34,680 --> 04:54:36,280
- Absolutely.
- All right. Let's have it.
6155
04:54:39,000 --> 04:54:41,480
My bride, she is my kindred spirit.
6156
04:54:42,600 --> 04:54:45,280
Confident, self-assured, brilliant.
6157
04:55:09,640 --> 04:55:10,720
Naira.
6158
04:55:21,200 --> 04:55:22,520
- Very nice.
- Nice.
6159
04:55:22,720 --> 04:55:24,070
- Oh, nice.
- Looking very nice.
6160
04:55:24,080 --> 04:55:25,200
That's a vibe.
6161
04:55:26,400 --> 04:55:27,430
What is Naira?
6162
04:55:27,440 --> 04:55:29,200
A celebration of the inner glow.
6163
04:55:29,640 --> 04:55:34,160
I think that my bride
is a confident, self-assertive
6164
04:55:34,400 --> 04:55:36,360
and a new-age woman.
She is intelligent.
6165
04:55:36,600 --> 04:55:40,560
Her inner confidence actually
lights up everything around her.
6166
04:55:42,640 --> 04:55:45,150
What is the price of the outfit
the model is wearing?
6167
04:55:45,160 --> 04:55:46,600
It's ₹1.19 lakh.
6168
04:55:46,880 --> 04:55:48,040
A very nice price.
6169
04:55:48,200 --> 04:55:50,920
- Thank you.
- They are a hit today.
6170
04:55:51,560 --> 04:55:53,190
Can I have a look
at it closely, please?
6171
04:55:53,200 --> 04:55:55,960
It looks really...
It looks really nice from here.
6172
04:55:56,360 --> 04:55:57,880
- I would wear this dress.
- Yeah.
6173
04:55:58,080 --> 04:55:59,110
It's gorgeous.
6174
04:55:59,120 --> 04:56:00,630
In fact,
I would like to wear this dress.
6175
04:56:00,640 --> 04:56:02,310
I have a show on the 14th. So...
6176
04:56:02,320 --> 04:56:04,390
We would love to do
that with you, Shibani.
6177
04:56:04,400 --> 04:56:06,670
Manish, Shibani and Malaika...
6178
04:56:06,680 --> 04:56:08,670
All three found it beautiful.
6179
04:56:08,680 --> 04:56:10,240
I mean, they found it
immensely beautiful.
6180
04:56:10,400 --> 04:56:12,840
For the first time, Malaika
got up to see our garment.
6181
04:56:14,400 --> 04:56:16,880
If you will believe it...
6182
04:56:17,200 --> 04:56:19,510
She got up for the first time
to see our garment.
6183
04:56:19,520 --> 04:56:21,430
Until now, she used
to look at them from afar.
6184
04:56:21,440 --> 04:56:23,840
But, sorry. I am a little confused.
6185
04:56:24,080 --> 04:56:26,750
You have an Indian wear line already.
6186
04:56:26,760 --> 04:56:29,590
It says here, wedding,
occasion wear couture label.
6187
04:56:29,600 --> 04:56:31,520
- Correct.
- So,
6188
04:56:31,720 --> 04:56:34,320
I am trying to understand
how this is a variant.
6189
04:56:35,320 --> 04:56:38,680
Because you have got Indian pieces
within this collection already.
6190
04:56:41,160 --> 04:56:42,310
This is bridal wear.
6191
04:56:42,320 --> 04:56:44,030
- This is not a cocktail wear.
- Yeah, this is bridal.
6192
04:56:44,040 --> 04:56:45,030
It's looking bridal.
6193
04:56:45,040 --> 04:56:46,710
It's looking like what they
have been doing all along.
6194
04:56:46,720 --> 04:56:48,240
Who is going to wear
that to a cocktail?
6195
04:56:49,840 --> 04:56:54,230
This gown... I would have
liked to see more of this.
6196
04:56:54,240 --> 04:56:56,360
Because that to me is the variant.
6197
04:56:58,320 --> 04:56:59,760
This is not a variant.
6198
04:57:01,840 --> 04:57:04,040
They were customising it
for a bride,
6199
04:57:04,240 --> 04:57:06,230
but today
they are launching a collection...
6200
04:57:06,240 --> 04:57:08,430
- The variant, which is the cocktail.
- ...of the variant. Yeah.
6201
04:57:08,440 --> 04:57:10,430
We are specifically targeting
that music ceremony day.
6202
04:57:10,440 --> 04:57:11,760
- Yeah.
- Understood. Understood.
6203
04:57:12,120 --> 04:57:15,920
Your brand, your ad
and what you have displayed...
6204
04:57:16,240 --> 04:57:18,080
They are not matching up.
6205
04:57:19,880 --> 04:57:23,990
You are taking so much time
to explain your product to us.
6206
04:57:24,000 --> 04:57:26,480
- That's the problem.
- If you put this up on social media,
6207
04:57:26,680 --> 04:57:28,760
people won't understand
what is going on.
6208
04:57:29,720 --> 04:57:33,280
One thing that I feel is that
the product does not look new to me.
6209
04:57:34,800 --> 04:57:37,480
This has been done by us for years.
6210
04:57:39,040 --> 04:57:42,880
So, the storytelling
should have been new.
6211
04:57:43,480 --> 04:57:45,520
- I felt no thought went into it.
- Right.
6212
04:57:47,520 --> 04:57:50,510
I felt that the models
wore something and walked.
6213
04:57:50,520 --> 04:57:54,550
There was nothing to differentiate
that you do the ceremonial things,
6214
04:57:54,560 --> 04:57:58,190
but today you wanted to show
a different variant, which is cocktail.
6215
04:57:58,200 --> 04:58:00,040
So, I won't give you my buzzer.
6216
04:58:00,320 --> 04:58:01,270
Fair. Fair point.
6217
04:58:01,280 --> 04:58:05,200
I just feel the creative concept
to bring out what you wanted
6218
04:58:05,640 --> 04:58:08,120
to convey was not there.
6219
04:58:08,400 --> 04:58:10,160
So, I am going to hold back
my buzzer as well.
6220
04:58:10,920 --> 04:58:12,950
They will be enraged.
They will leave the show.
6221
04:58:12,960 --> 04:58:15,630
I am scared that they will
start breaking things here.
6222
04:58:15,640 --> 04:58:17,360
Gaurav is going to be so pissed.
6223
04:58:17,680 --> 04:58:20,080
I think Priya looks stunning.
Great choice of model.
6224
04:58:20,520 --> 04:58:21,550
But that's not the challenge today.
6225
04:58:21,560 --> 04:58:23,520
I wish the challenge was
to pick the right model.
6226
04:58:26,400 --> 04:58:28,240
- So, are you going to hold back?
- Hold back, yes.
6227
04:58:28,920 --> 04:58:30,680
That reel doesn't meet my standard.
6228
04:58:30,880 --> 04:58:32,630
That reel doesn't meet
Pearl's standard.
6229
04:58:32,640 --> 04:58:35,750
That reel is a failed task from us.
6230
04:58:35,760 --> 04:58:37,480
If you screw up,
you take the punishment.
6231
04:58:37,640 --> 04:58:39,720
What did you think of the ad?
6232
04:58:39,880 --> 04:58:41,080
Wasn't it basic?
6233
04:58:41,280 --> 04:58:42,760
They missed the brief.
6234
04:58:44,000 --> 04:58:45,190
There was no revelation.
6235
04:58:45,200 --> 04:58:46,960
They showcased the product directly.
6236
04:58:47,160 --> 04:58:48,910
- The product was on the screen.
- There was smoke.
6237
04:58:48,920 --> 04:58:50,230
There was smoke, video and...
6238
04:58:50,240 --> 04:58:52,070
Pearl won't talk at all.
6239
04:58:52,080 --> 04:58:53,440
She will be like, "Get lost."
6240
04:58:56,160 --> 04:58:58,280
Hey, Pearl. When did you come?
6241
04:58:58,840 --> 04:58:59,710
It's been five minutes.
6242
04:58:59,720 --> 04:59:02,520
Come here. We will make you feel
comfortable and good.
6243
04:59:03,960 --> 04:59:05,560
Sit with me for five minutes.
6244
04:59:05,760 --> 04:59:07,680
You will laugh
and forget all your sorrows.
6245
04:59:09,840 --> 04:59:12,440
Up next is DMOdot.
6246
04:59:12,640 --> 04:59:14,630
It's a menswear shoe brand.
6247
04:59:14,640 --> 04:59:15,600
Oh.
6248
04:59:22,440 --> 04:59:23,510
Are you ready?
6249
04:59:23,520 --> 04:59:24,600
- All right. Let's see it.
- Yeah. Excited.
6250
04:59:41,240 --> 04:59:42,720
Straight to the Board Room.
6251
04:59:51,600 --> 04:59:54,000
- It's creative.
- It's lovely. I love it.
6252
05:00:06,640 --> 05:00:07,600
Oh!
6253
05:00:08,200 --> 05:00:09,320
Oh...
6254
05:00:22,680 --> 05:00:23,910
Oh...
6255
05:00:23,920 --> 05:00:25,480
How much did you enjoy that ad?
6256
05:00:25,840 --> 05:00:27,240
- I love it.
- I love it!
6257
05:00:29,320 --> 05:00:31,240
Were you launched as an actor?
6258
05:00:32,280 --> 05:00:35,070
- What a risqué, sexy...
- Yeah!
6259
05:00:35,080 --> 05:00:36,360
So, ultra chic!
6260
05:00:36,560 --> 05:00:38,240
- Shall we see the product, guys?
- Yes.
6261
05:00:47,600 --> 05:00:49,280
- I want to see it.
- Go ahead.
6262
05:00:49,640 --> 05:00:52,560
I want to ditch my uncomfortable
shoes and try on these.
6263
05:00:57,880 --> 05:01:00,040
Perfect size and I am keeping them.
6264
05:01:00,280 --> 05:01:02,390
That's it.
His womenswear will be a hit.
6265
05:01:02,400 --> 05:01:04,600
Shibani wore it.
Now, it will be a hit.
6266
05:01:06,560 --> 05:01:07,470
I was relieved.
6267
05:01:07,480 --> 05:01:09,150
My campaign was successful.
6268
05:01:09,160 --> 05:01:11,160
My footwear was successful.
6269
05:01:11,320 --> 05:01:13,310
It has got the love it deserves.
6270
05:01:13,320 --> 05:01:15,720
- Look at this, Manish.
- I love it. I love it.
6271
05:01:18,040 --> 05:01:21,320
Abhishek, today is about the product
and about the ad.
6272
05:01:21,480 --> 05:01:23,360
And I think you have
done a brilliant job.
6273
05:01:23,560 --> 05:01:25,720
- Thank you, Manish.
- Let's talk business.
6274
05:01:25,920 --> 05:01:27,510
Thank you. Thank you.
6275
05:01:27,520 --> 05:01:29,270
The minute that ad started playing,
6276
05:01:29,280 --> 05:01:32,560
the second she stepped out
of the car barefoot, I was sold.
6277
05:01:32,720 --> 05:01:34,350
There weren't any shoes on her feet.
6278
05:01:34,360 --> 05:01:37,350
So, I really like the way
you have gone about thinking
6279
05:01:37,360 --> 05:01:38,960
about your female audience.
6280
05:01:39,120 --> 05:01:41,070
I love these shoes.
I am keeping them.
6281
05:01:41,080 --> 05:01:44,240
And I am also saying,
let's talk business.
6282
05:01:44,560 --> 05:01:45,390
Thank you.
6283
05:01:45,400 --> 05:01:48,270
Abhishek, I think the last
time we met in the Board Room,
6284
05:01:48,280 --> 05:01:50,520
we negotiated on valuation.
6285
05:01:51,720 --> 05:01:54,760
And we needed to understand
how to get to a higher number.
6286
05:01:55,000 --> 05:01:57,760
I am very selfish in saying that...
6287
05:01:59,400 --> 05:02:02,310
I want to hear more pitches
so I can get closer...
6288
05:02:02,320 --> 05:02:03,870
- I mean, come on!
- Come on.
6289
05:02:03,880 --> 05:02:05,670
- It was such a good pitch.
- I know.
6290
05:02:05,680 --> 05:02:07,710
- You have done a great job.
- It was a good pitch.
6291
05:02:07,720 --> 05:02:08,790
It's like a needle for me.
6292
05:02:08,800 --> 05:02:10,960
The needle is moving
closer to valuation.
6293
05:02:12,720 --> 05:02:16,270
Do you think if you
get to make another pitch,
6294
05:02:16,280 --> 05:02:19,040
your chance to ask for more
6295
05:02:19,280 --> 05:02:20,910
- is possible?
- It is possible.
6296
05:02:20,920 --> 05:02:23,310
You have my buzzer
for today's pitch.
6297
05:02:23,320 --> 05:02:25,400
But do you want me
to press the buzzer
6298
05:02:25,560 --> 05:02:28,760
based on the fact that this
will be your last Board Room?
6299
05:02:31,000 --> 05:02:34,830
After seeing the pitches and
valuations of others on this show,
6300
05:02:34,840 --> 05:02:36,680
I thought my ask was wrong.
6301
05:02:36,880 --> 05:02:41,470
Even after that, if someone tells
me to take only half of my ask,
6302
05:02:41,480 --> 05:02:42,630
I am surprised.
6303
05:02:42,640 --> 05:02:44,470
But do you want him
to press the buzzer?
6304
05:02:44,480 --> 05:02:46,760
If you are giving
me the valuation, yes.
6305
05:02:47,240 --> 05:02:48,470
Darpan, he wants the ask.
6306
05:02:48,480 --> 05:02:50,840
Are we at the ask,
or are we a little bit below?
6307
05:02:52,720 --> 05:02:55,190
We have ₹7.55 crore left.
6308
05:02:55,200 --> 05:02:56,790
Your ask isn't ₹12 crore.
6309
05:02:56,800 --> 05:02:58,160
You aren't Banana Club.
6310
05:03:00,160 --> 05:03:02,670
It's enough that Banana Club
has so many fans!
6311
05:03:02,680 --> 05:03:06,310
Every single episode and challenge
has increased your valuation.
6312
05:03:06,320 --> 05:03:07,950
- Absolutely.
- So, according to me,
6313
05:03:07,960 --> 05:03:10,230
it's stupidity to bring you
into the Board Room today.
6314
05:03:10,240 --> 05:03:11,510
I think it was very smartly played.
6315
05:03:11,520 --> 05:03:14,880
You eliminated the discussion of the
Board Room without taking any chances.
6316
05:03:15,120 --> 05:03:17,350
So, I will withhold the buzzer.
6317
05:03:17,360 --> 05:03:19,200
He is not at the ask right now.
6318
05:03:19,440 --> 05:03:21,840
If I want to invest
in your company,
6319
05:03:22,040 --> 05:03:24,960
I will invest in what you were doing.
6320
05:03:26,160 --> 05:03:27,430
Mr. Sanjay is very good.
6321
05:03:27,440 --> 05:03:29,000
He speaks on the point.
6322
05:03:29,360 --> 05:03:31,270
Today he will rip everyone
in the Board Room.
6323
05:03:31,280 --> 05:03:35,960
Your vision and the
product's future are great.
6324
05:03:36,200 --> 05:03:38,960
But I believe your future
is even greater.
6325
05:03:39,360 --> 05:03:40,680
I can't see it.
6326
05:03:42,000 --> 05:03:43,240
So, let's do it again.
6327
05:03:43,400 --> 05:03:46,030
- Take more money. It's okay.
- I am a hustler.
6328
05:03:46,040 --> 05:03:48,030
I have been doing that
for the last seven years.
6329
05:03:48,040 --> 05:03:50,590
Showing myself
more on a daily basis.
6330
05:03:50,600 --> 05:03:52,190
Showing up on a daily basis.
6331
05:03:52,200 --> 05:03:55,710
My brand has evolved a lot more
in the last four weeks
6332
05:03:55,720 --> 05:03:57,350
than it has in the last six years.
6333
05:03:57,360 --> 05:03:58,430
That's what I am saying, Abhishek.
6334
05:03:58,440 --> 05:04:01,030
So, continue. Continue evolving
until you reach the top.
6335
05:04:01,040 --> 05:04:02,430
Yeah? See you at the next pitch.
6336
05:04:02,440 --> 05:04:03,910
- All the best, Abhishek.
- All the best.
6337
05:04:03,920 --> 05:04:05,670
Thank you and the shoes
look lovely on you.
6338
05:04:05,680 --> 05:04:06,720
Thank you so much.
6339
05:04:08,400 --> 05:04:11,310
So, the next brand is one
of my favourite brands, Shibani.
6340
05:04:11,320 --> 05:04:12,470
- Manish Loves Kiki.
- Okay.
6341
05:04:12,480 --> 05:04:14,710
She is a lovely girl named Kirti.
6342
05:04:14,720 --> 05:04:16,520
She makes great clothes.
6343
05:04:16,760 --> 05:04:20,280
They are resort wear, very feminine,
6344
05:04:20,600 --> 05:04:22,750
very sweet,
slightly Anthropologie-ish.
6345
05:04:22,760 --> 05:04:24,920
Sounds like you have
a soft spot for her, Manish.
6346
05:04:25,160 --> 05:04:26,760
- Yeah. Yeah.
- Oh, yes.
6347
05:04:27,440 --> 05:04:29,240
All right. Should we have...
6348
05:04:29,680 --> 05:04:31,230
- I love Kiki?
- Love, Kiki?
6349
05:04:31,240 --> 05:04:33,630
- Yes.
- All right. Manish loves Kiki.
6350
05:04:33,640 --> 05:04:36,240
So, let's call Love, Kiki.
6351
05:04:43,280 --> 05:04:44,560
All right. Come on.
6352
05:04:58,080 --> 05:05:01,000
Bags. She is doing bags.
6353
05:05:01,960 --> 05:05:02,830
No.
6354
05:05:02,840 --> 05:05:05,200
I am guessing bags. Right?
6355
05:05:07,640 --> 05:05:10,880
No, they are dresses, not bags.
6356
05:05:16,720 --> 05:05:18,400
- I am confused.
- I am confused.
6357
05:05:20,280 --> 05:05:22,230
Because we are confused. I felt...
6358
05:05:22,240 --> 05:05:25,310
- Was it for bags. Right?
- Or a new line of clothing?
6359
05:05:25,320 --> 05:05:28,240
I think Not So formal is a line.
6360
05:05:29,600 --> 05:05:31,680
Love, Kiki is presenting
formal wear,
6361
05:05:31,840 --> 05:05:34,190
which is different than
what we are used to seeing.
6362
05:05:34,200 --> 05:05:36,030
They are not the same
classic designs.
6363
05:05:36,040 --> 05:05:39,230
Something not that generic,
but something more fun,
6364
05:05:39,240 --> 05:05:42,640
with ease and comfort
that helps you express yourself.
6365
05:05:47,200 --> 05:05:48,520
Okay, now I get it.
6366
05:05:51,320 --> 05:05:53,710
Kirti, this doesn't
look like a variant.
6367
05:05:53,720 --> 05:05:56,440
This looks like another collection
that you have created.
6368
05:05:56,920 --> 05:05:58,670
- Okay.
- So, maybe what I am seeing here
6369
05:05:58,680 --> 05:06:01,880
was your first collection
and that is your second collection.
6370
05:06:02,240 --> 05:06:03,990
So, I think
that's where the variant
6371
05:06:04,000 --> 05:06:06,840
becomes a little
complex and confusing.
6372
05:06:07,400 --> 05:06:09,440
You know,
only seven people are left.
6373
05:06:09,640 --> 05:06:12,000
The remaining fund
is ₹7.55 crore.
6374
05:06:12,240 --> 05:06:15,480
So, what I feel is that you could
have completely gone into formals.
6375
05:06:15,640 --> 05:06:17,070
You could have gone into sarees.
6376
05:06:17,080 --> 05:06:20,320
So, for me, it's not
really working at all.
6377
05:06:21,520 --> 05:06:23,950
Kirti, you are
presenting formal wear.
6378
05:06:23,960 --> 05:06:29,240
In it, I don't find
the authenticity of Love, Kiki.
6379
05:06:30,360 --> 05:06:34,150
I think your campaign
had nothing unique.
6380
05:06:34,160 --> 05:06:36,470
- The ad film that you showed us.
- Okay.
6381
05:06:36,480 --> 05:06:38,270
It's true. It's a collection video.
6382
05:06:38,280 --> 05:06:40,320
- Will they say the same to me?
- They might.
6383
05:06:40,600 --> 05:06:42,840
It means we won't see you
in the Board Room even today.
6384
05:06:44,200 --> 05:06:46,510
- Sir, can I add one point, please?
- Please.
6385
05:06:46,520 --> 05:06:48,630
Love, Kiki is an idea.
6386
05:06:48,640 --> 05:06:50,830
Kiki is about your own self.
6387
05:06:50,840 --> 05:06:52,230
You know, expressing yourself.
6388
05:06:52,240 --> 05:06:55,630
So, a collection needs to be launched
which has formal wear,
6389
05:06:55,640 --> 05:06:57,750
but it represents your
unique style as well.
6390
05:06:57,760 --> 05:07:00,000
But this isn't formal.
How is this formal?
6391
05:07:02,520 --> 05:07:05,080
If your campaign
goes on social media,
6392
05:07:05,520 --> 05:07:07,680
the audience won't understand
what they are watching.
6393
05:07:08,640 --> 05:07:11,640
- In that perspective, I think...
- Correct.
6394
05:07:11,840 --> 05:07:12,510
Dhruv?
6395
05:07:12,520 --> 05:07:14,990
One interesting thing
about the campaign
6396
05:07:15,000 --> 05:07:17,310
- was that you shot it on the set.
- Yes.
6397
05:07:17,320 --> 05:07:18,360
- Yes.
- Yeah.
6398
05:07:18,480 --> 05:07:21,760
That was the one good thing
about the ad. Sorry.
6399
05:07:25,200 --> 05:07:26,720
But that was a very brutal one.
6400
05:07:27,720 --> 05:07:29,200
Rough. Rough. Rough.
6401
05:07:32,960 --> 05:07:34,550
Up next we have Philocaly.
6402
05:07:34,560 --> 05:07:37,030
It's a bespoke menswear brand.
6403
05:07:37,040 --> 05:07:38,430
- Shibani.
- Yes?
6404
05:07:38,440 --> 05:07:40,510
Think about Farhan.
He may want something.
6405
05:07:40,520 --> 05:07:42,870
- So, feel free to splurge.
- Got it.
6406
05:07:42,880 --> 05:07:44,990
All right. Up next is Philocaly.
6407
05:07:45,000 --> 05:07:48,800
The way Philocaly has
changed the game, they will clap.
6408
05:07:49,200 --> 05:07:51,350
- I love his video.
- I haven't watched it.
6409
05:07:51,360 --> 05:07:54,440
- It's the suspense. It's so cool.
- Shrey will go in.
6410
05:08:00,800 --> 05:08:05,150
Shrey, we would like to see
your product variant.
6411
05:08:05,160 --> 05:08:06,630
- Absolutely.
- Are you ready to show us?
6412
05:08:06,640 --> 05:08:09,000
- Yes, absolutely. Very excited.
- Show us.
6413
05:08:29,320 --> 05:08:32,040
- Oh, nice! Nice!
- Wow!
6414
05:08:33,400 --> 05:08:35,480
- That's a good touch.
- Wow!
6415
05:08:41,000 --> 05:08:42,000
Whoa!
6416
05:08:56,040 --> 05:08:59,200
Lovely! Lovely! I loved it!
6417
05:09:00,160 --> 05:09:01,080
Thank you.
6418
05:09:01,440 --> 05:09:03,800
This is your best pitch thus far.
6419
05:09:03,960 --> 05:09:07,240
- Thank you.
- You doubled your target market
6420
05:09:07,520 --> 05:09:09,790
by getting the female customers.
6421
05:09:09,800 --> 05:09:13,400
You weaved in the point of view
of your brand in the beginning
6422
05:09:13,520 --> 05:09:15,990
by creating that mystery.
"It's a man's game."
6423
05:09:16,000 --> 05:09:17,630
- Going ahead from there--
- Superb!
6424
05:09:17,640 --> 05:09:19,000
And the way to unravel...
6425
05:09:19,200 --> 05:09:20,350
I mean, incredible.
6426
05:09:20,360 --> 05:09:22,030
- Multiple buzzers.
- Strongest performance thus far!
6427
05:09:22,040 --> 05:09:23,190
Thank you! Thank you so much.
6428
05:09:23,200 --> 05:09:24,480
Shall we see the product?
6429
05:09:24,760 --> 05:09:26,230
- We haven't seen the product yet.
- Yes.
6430
05:09:26,240 --> 05:09:27,440
That's true.
6431
05:09:33,040 --> 05:09:36,790
You know, Shrey, what I love
about your advertising campaign
6432
05:09:36,800 --> 05:09:40,470
is that you don't need
to say anything after seeing that.
6433
05:09:40,480 --> 05:09:41,910
Yeah, that was the idea.
6434
05:09:41,920 --> 05:09:44,150
I mean, we hit our buzzers
before it was even over.
6435
05:09:44,160 --> 05:09:45,190
Thank you. Thank you.
6436
05:09:45,200 --> 05:09:48,310
You can see that only two women
on this panel are wearing suits.
6437
05:09:48,320 --> 05:09:49,430
- Exactly.
- So, you have us
6438
05:09:49,440 --> 05:09:50,950
as your audience already.
6439
05:09:50,960 --> 05:09:53,830
And this is the kind of stuff
we need to see more often.
6440
05:09:53,840 --> 05:09:56,150
So, instead of dressing
just my husband,
6441
05:09:56,160 --> 05:09:57,510
you are also dressing me.
6442
05:09:57,520 --> 05:09:59,190
- I love that. It's a one-stop shop.
- Thank you.
6443
05:09:59,200 --> 05:10:01,040
- Thank you so much.
- It's a great idea.
6444
05:10:01,240 --> 05:10:03,870
If we talk about the product,
I think it's fabulous.
6445
05:10:03,880 --> 05:10:06,470
- Thank you, sir.
- If I had to score you out of 100,
6446
05:10:06,480 --> 05:10:08,270
I would have scored you 200.
6447
05:10:08,280 --> 05:10:11,760
- Wow!
- Presentation, styling...
6448
05:10:12,080 --> 05:10:14,640
The way you started
talking about menswear
6449
05:10:14,880 --> 05:10:17,360
and the camera turns into...
It was so dramatic.
6450
05:10:17,520 --> 05:10:18,870
- Yeah.
- It's really well done.
6451
05:10:18,880 --> 05:10:20,510
- Thank you, sir.
- You have done an excellent job.
6452
05:10:20,520 --> 05:10:22,880
- Thank you.
- And my buzzer is always with you.
6453
05:10:23,440 --> 05:10:24,880
- Whoa!
- Thank you! Thank you so much.
6454
05:10:25,080 --> 05:10:26,800
Okay, you got five buzzers.
6455
05:10:27,560 --> 05:10:28,800
Only one is left.
6456
05:10:31,400 --> 05:10:32,550
Tell me the price range.
6457
05:10:32,560 --> 05:10:36,160
So, the blazer is for ₹15,000.
6458
05:10:36,880 --> 05:10:41,000
The waistcoat is ₹7,000
and the trousers are ₹9,500.
6459
05:10:41,200 --> 05:10:44,390
So, roughly, it's
₹30,000 for the full set.
6460
05:10:44,400 --> 05:10:47,040
Darpan, were you hasty?
6461
05:10:48,880 --> 05:10:51,030
Sanjay, I know you are
concerned about the pricing.
6462
05:10:51,040 --> 05:10:53,160
Pricing... I am not
convinced with the pricing.
6463
05:10:55,240 --> 05:10:57,590
But, Sanjay, we can talk about it
in the Board Room.
6464
05:10:57,600 --> 05:10:59,560
First, bring him to the Board Room.
6465
05:11:00,440 --> 05:11:02,320
- Okay, let's meet inside.
- Oh!
6466
05:11:02,560 --> 05:11:05,400
- Fantastic! Well done!
- Superb, Sanjay.
6467
05:11:05,640 --> 05:11:07,870
Amazing! Amazing! Amazing!
6468
05:11:07,880 --> 05:11:09,390
I got the six buzzers.
6469
05:11:09,400 --> 05:11:12,400
The elusive six buzzers,
for the second time, finally.
6470
05:11:12,800 --> 05:11:16,440
It's a dream come true because
this is what I had hoped to get.
6471
05:11:16,640 --> 05:11:20,030
Up next, I would
like to call Linetribe.
6472
05:11:20,040 --> 05:11:21,830
Oh, nice. His fashion is edgy.
6473
05:11:21,840 --> 05:11:24,110
Yes. It's edgy, high fashion.
6474
05:11:24,120 --> 05:11:26,800
So, let's see what
his product variant is.
6475
05:11:34,840 --> 05:11:36,000
Let's go for it.
6476
05:11:44,720 --> 05:11:47,640
- Whoa!
- Whoa!
6477
05:11:52,840 --> 05:11:54,950
- Okay.
- Wow!
6478
05:11:54,960 --> 05:11:56,200
Didn't expect that.
6479
05:11:56,720 --> 05:11:58,480
Love is a cult.
6480
05:11:59,440 --> 05:12:02,560
To be connected. To be loved.
6481
05:12:04,240 --> 05:12:05,840
To find your tribe.
6482
05:12:14,360 --> 05:12:17,240
Cult, the new fragrance
by Linetribe.
6483
05:12:19,800 --> 05:12:21,150
- Oh.
- Interesting.
6484
05:12:21,160 --> 05:12:22,510
- Fascinating.
- So, there are two fragrances.
6485
05:12:22,520 --> 05:12:23,670
Well. Well. Well.
6486
05:12:23,680 --> 05:12:25,350
A day and an evening fragrance.
6487
05:12:25,360 --> 05:12:28,350
One is lighter and softer
and the other one is more intense.
6488
05:12:28,360 --> 05:12:30,280
- So, Neon and Cult.
- And Cult.
6489
05:12:38,480 --> 05:12:41,320
- We must talk business.
- Whoa!
6490
05:12:42,280 --> 05:12:44,630
I feel, to think out of the box
6491
05:12:44,640 --> 05:12:47,230
and to create something
which is so international...
6492
05:12:47,240 --> 05:12:50,430
I think that itself
is so commendable.
6493
05:12:50,440 --> 05:12:51,990
- Thank you.
- I would love...
6494
05:12:52,000 --> 05:12:54,160
Love. Love. Love.
I would love to talk business.
6495
05:12:54,520 --> 05:12:56,310
- Whoa!
- Thank you so much.
6496
05:12:56,320 --> 05:12:57,670
- Let's check it.
- I would like to see it.
6497
05:12:57,680 --> 05:13:00,000
- I would like to smell that as well.
- I was just going to say...
6498
05:13:00,560 --> 05:13:03,270
I think the Angels
are actually liking it.
6499
05:13:03,280 --> 05:13:05,990
And I think
they are quite blown away.
6500
05:13:06,000 --> 05:13:07,920
One is Cult and one is Neon.
6501
05:13:08,280 --> 05:13:09,550
- This is too floral for me.
- I love this one.
6502
05:13:09,560 --> 05:13:12,670
- I think you may prefer Neon.
- Oh, I love Cult.
6503
05:13:12,680 --> 05:13:14,880
Oh, you like Cult? Oh, wow!
6504
05:13:17,600 --> 05:13:20,440
I think you amazed all of us.
6505
05:13:20,600 --> 05:13:23,080
You brought out a category
that we didn't expect.
6506
05:13:23,240 --> 05:13:26,030
- It was most unexpected.
- Unexpected.
6507
05:13:26,040 --> 05:13:28,150
- Done beautifully, as well.
- I am excited to talk business.
6508
05:13:28,160 --> 05:13:30,310
See you in the Board Room.
Let's talk business.
6509
05:13:30,320 --> 05:13:34,030
- Thank you.
- So, Gaurav, the variant you chose
6510
05:13:34,040 --> 05:13:35,310
is quite interesting.
6511
05:13:35,320 --> 05:13:37,830
It's because the beauty business
is a billion-dollar business.
6512
05:13:37,840 --> 05:13:38,470
That's right.
6513
05:13:38,480 --> 05:13:41,280
So, by catering to that audience,
you are growing.
6514
05:13:41,800 --> 05:13:44,230
And I think that growth
is really interesting to see.
6515
05:13:44,240 --> 05:13:46,030
- Right.
- I loved it
6516
05:13:46,040 --> 05:13:48,070
and for that, I am going to say,
let's talk business.
6517
05:13:48,080 --> 05:13:49,750
Thank you so much. Thank you.
6518
05:13:49,760 --> 05:13:52,320
Gaurav, how long have
you been a designer?
6519
05:13:52,480 --> 05:13:55,110
It's been a long time.
It's been 10 to 15 years.
6520
05:13:55,120 --> 05:13:57,590
I have known Gaurav for 15 years.
6521
05:13:57,600 --> 05:14:00,080
- Do you know him?
- You have known me for 15 years.
6522
05:14:00,320 --> 05:14:04,040
So, Sanjay, are you calling
him to the Board Room or not?
6523
05:14:04,240 --> 05:14:06,040
There is a small hitch.
6524
05:14:08,560 --> 05:14:10,310
He has done this for 15 years...
6525
05:14:10,320 --> 05:14:12,830
- He hasn't made it yet.
- He hasn't made it yet.
6526
05:14:12,840 --> 05:14:13,880
I get that.
6527
05:14:15,840 --> 05:14:19,480
- And...
- No. Mr. Sanjay, I would say
6528
05:14:19,640 --> 05:14:22,190
that in the life and
journey of an entrepreneur,
6529
05:14:22,200 --> 05:14:26,600
it's not mandatory that
every project, business,
6530
05:14:26,800 --> 05:14:30,990
endeavour or every film
will have the same success story.
6531
05:14:31,000 --> 05:14:32,470
What I have learnt from my journey...
6532
05:14:32,480 --> 05:14:34,710
Whatever worked and
whatever didn't work...
6533
05:14:34,720 --> 05:14:38,790
I have learnt from it all.
It has made me focused.
6534
05:14:38,800 --> 05:14:40,310
Gaurav, I liked your statement.
6535
05:14:40,320 --> 05:14:42,990
Business is never
built only on success.
6536
05:14:43,000 --> 05:14:43,670
Absolutely.
6537
05:14:43,680 --> 05:14:47,160
And the one who accepts
failure and says with a smile,
6538
05:14:47,320 --> 05:14:49,750
"Let it be. I am there."
So, you have done that.
6539
05:14:49,760 --> 05:14:51,670
- I mean, it's fantastic.
- Thank you, sir.
6540
05:14:51,680 --> 05:14:55,200
Gaurav, I think the challenge today
was to come up with a variation.
6541
05:14:55,400 --> 05:14:57,920
And a more different
and varied product
6542
05:14:58,360 --> 05:15:00,830
is hard for me to understand
from the challenge's perspective.
6543
05:15:00,840 --> 05:15:02,230
- Yeah.
- You tell me, Mr. Nigam.
6544
05:15:02,240 --> 05:15:04,670
I think, for me,
the challenge has been won.
6545
05:15:04,680 --> 05:15:06,710
- Yes, he took a risk.
- Yes.
6546
05:15:06,720 --> 05:15:08,680
- And business is run on risks.
- I think...
6547
05:15:09,520 --> 05:15:11,120
Shall we press the buzzer together?
6548
05:15:11,360 --> 05:15:12,870
- Three, two, one.
- Wow!
6549
05:15:12,880 --> 05:15:14,070
- Wow!
- Welcome to the Board Room.
6550
05:15:14,080 --> 05:15:15,880
- Awesome.
- Thank you so much.
6551
05:15:16,680 --> 05:15:19,120
For 15 years, you have been working.
6552
05:15:19,280 --> 05:15:22,560
Perhaps you didn't get
the recognition.
6553
05:15:22,760 --> 05:15:24,190
You have tried various things.
6554
05:15:24,200 --> 05:15:26,200
- Right.
- Do you think this platform,
6555
05:15:26,440 --> 05:15:28,350
Pitch to Get Rich,
is giving you that recognition
6556
05:15:28,360 --> 05:15:29,990
- that you are looking for?
- Hundred percent.
6557
05:15:30,000 --> 05:15:32,790
Obviously, it's a platform
where we can show
6558
05:15:32,800 --> 05:15:34,950
different facets of our brands.
6559
05:15:34,960 --> 05:15:37,710
It's not a one-directional platform.
6560
05:15:37,720 --> 05:15:40,710
And of course,
the fact that we can speak to experts
6561
05:15:40,720 --> 05:15:43,510
and receive expertise is invaluable.
6562
05:15:43,520 --> 05:15:48,390
So, I am really thrilled that
I got this chance and met all of you.
6563
05:15:48,400 --> 05:15:49,990
I could show you what I could do.
6564
05:15:50,000 --> 05:15:51,590
Wonderful.
So, we will see you in the Board Room.
6565
05:15:51,600 --> 05:15:52,630
- Certainly.
- Good. Very good.
6566
05:15:52,640 --> 05:15:54,110
Thank you. Thank you so much.
6567
05:15:54,120 --> 05:15:55,320
- Bye.
- See you in the Board Room.
6568
05:15:55,480 --> 05:15:57,470
The time is running out.
The money is running out.
6569
05:15:57,480 --> 05:16:01,550
It's the apt moment
to do my Board Room meeting.
6570
05:16:01,560 --> 05:16:03,990
Negotiate for it,
take what you are getting
6571
05:16:04,000 --> 05:16:05,200
and get out.
6572
05:16:05,480 --> 05:16:07,310
Finally, two brands
have gone to the Board Room.
6573
05:16:07,320 --> 05:16:08,750
- There are two brands left.
- Two are left.
6574
05:16:08,760 --> 05:16:10,590
If Banana Club goes in,
it will be difficult.
6575
05:16:10,600 --> 05:16:13,880
I am fine with the others
as the fund will still be remaining.
6576
05:16:14,080 --> 05:16:16,470
Up next we have Banana Club.
6577
05:16:16,480 --> 05:16:17,920
- Oh, interesting.
- The big boys.
6578
05:16:18,200 --> 05:16:19,190
- The big boys.
- Shibani,
6579
05:16:19,200 --> 05:16:22,040
Banana Club is
a fast fashion for menswear.
6580
05:16:22,200 --> 05:16:24,710
- Let's go.
- Okay, we are going!
6581
05:16:24,720 --> 05:16:27,110
- We are going!
- All the best.
6582
05:16:27,120 --> 05:16:29,390
- We are going, pal!
- All the best.
6583
05:16:29,400 --> 05:16:32,070
And they were one of the first
ones to come into our Board Room.
6584
05:16:32,080 --> 05:16:34,350
Their ask was for ₹15 crore.
We were...
6585
05:16:34,360 --> 05:16:37,510
- At a ₹300 crore valuation.
- At a ₹300 crore valuation.
6586
05:16:37,520 --> 05:16:41,750
- Which is too high.
- We offered them ₹7.5 crore.
6587
05:16:41,760 --> 05:16:44,160
However, they turned it down.
At this time,
6588
05:16:44,440 --> 05:16:48,470
we are at ₹7.55 crore.
Right now, they don't have an offer.
6589
05:16:48,480 --> 05:16:50,480
- There is not enough money.
- There is not enough money.
6590
05:16:50,760 --> 05:16:53,310
What's interesting is that,
I think we all expect
6591
05:16:53,320 --> 05:16:55,440
the variant here
will be the womenswear.
6592
05:16:55,600 --> 05:16:57,230
- Yeah, I hope they don't do that.
- But...
6593
05:16:57,240 --> 05:16:58,550
- Now, we don't know.
- Let's see.
6594
05:16:58,560 --> 05:17:00,400
Only one way to find out.
6595
05:17:06,400 --> 05:17:08,910
We are very curious
about your variant.
6596
05:17:08,920 --> 05:17:10,840
- Shall we?
- Let's watch it.
6597
05:17:19,800 --> 05:17:20,720
Fruit?
6598
05:17:21,200 --> 05:17:22,120
Fruit?
6599
05:17:22,920 --> 05:17:24,920
- Is a fruit their variant?
- It's really going bananas.
6600
05:17:28,960 --> 05:17:30,640
Oh, sweet!
6601
05:17:31,240 --> 05:17:32,440
- Okay.
- Curves.
6602
05:17:33,440 --> 05:17:35,190
Celebrating, curves.
6603
05:17:35,200 --> 05:17:38,910
- Plus size.
- Oh, plus size.
6604
05:17:38,920 --> 05:17:40,840
Oh, nice!
6605
05:17:48,240 --> 05:17:50,670
- That ad was fantastic.
- Thank you.
6606
05:17:50,680 --> 05:17:53,640
- It was brilliant.
- Yeah, it's a brilliant ad.
6607
05:17:53,880 --> 05:17:55,190
What sizes do you have currently?
6608
05:17:55,200 --> 05:17:57,680
We do from S to 3XL.
6609
05:17:57,920 --> 05:18:00,310
- Okay.
- Now, we are starting a new category
6610
05:18:00,320 --> 05:18:02,520
from 3XL to 6XL.
6611
05:18:02,680 --> 05:18:04,760
If there is already a market
6612
05:18:04,960 --> 05:18:06,480
for these larger sizes,
6613
05:18:06,720 --> 05:18:09,270
- why do you not already have them?
- Yes, same question.
6614
05:18:09,280 --> 05:18:12,550
Yes. Ma'am, our excuses
were limited.
6615
05:18:12,560 --> 05:18:17,240
We had set a limitation
according to the fund we had.
6616
05:18:17,400 --> 05:18:23,320
Now that we are already doing
good in the regular-size market,
6617
05:18:23,480 --> 05:18:28,520
we thought this was the right time
to expand it with our experience.
6618
05:18:28,680 --> 05:18:30,720
I am not convinced by this variant.
6619
05:18:33,360 --> 05:18:36,080
I don't see the variant.
I don't see the...
6620
05:18:36,600 --> 05:18:40,280
What do you want to showcase?
I don't find a difference at all.
6621
05:18:40,960 --> 05:18:43,110
- The campaign and the bag are good.
- The campaign is great.
6622
05:18:43,120 --> 05:18:46,040
- You are great, but...
- Today's pitch is a little weak.
6623
05:18:47,200 --> 05:18:50,680
I mean only ₹7.50 crore
are left in the fund.
6624
05:18:50,880 --> 05:18:53,030
Today you should have
done something extraordinary.
6625
05:18:53,040 --> 05:18:54,990
- Today it was your...
- Weakest.
6626
05:18:55,000 --> 05:18:56,590
...weakest performance.
6627
05:18:56,600 --> 05:18:58,830
It's the weakest pitch
in the last six episodes.
6628
05:18:58,840 --> 05:19:01,590
Are we all not pressing
at the same time?
6629
05:19:01,600 --> 05:19:03,110
- No, I am sorry. I can't.
- I think not...
6630
05:19:03,120 --> 05:19:05,040
Because we expect a lot from you.
6631
05:19:05,800 --> 05:19:07,470
I think they should
be sensitive, guys.
6632
05:19:07,480 --> 05:19:09,150
This is a very sensitive topic.
6633
05:19:09,160 --> 05:19:13,200
I want you to give inclusivity
a basic priority in the future.
6634
05:19:13,400 --> 05:19:15,550
You are going to be a national brand.
6635
05:19:15,560 --> 05:19:17,790
You should never criticise
someone for their form.
6636
05:19:17,800 --> 05:19:20,190
You shouldn't assign
them a special category
6637
05:19:20,200 --> 05:19:22,840
as a variation instead
of a basic need.
6638
05:19:23,080 --> 05:19:24,720
But other than that,
yes, definitely...
6639
05:19:24,840 --> 05:19:26,120
see you at your next pitch.
6640
05:19:27,960 --> 05:19:30,880
We didn't get a single buzzer.
It was quite the shock for us.
6641
05:19:31,080 --> 05:19:34,160
Today I am not happy
with the Angels.
6642
05:19:35,280 --> 05:19:39,040
The sorrow of not getting
a single buzzer...
6643
05:19:39,440 --> 05:19:41,360
I will drown it with alcohol.
6644
05:19:41,720 --> 05:19:43,400
Oh, you cannot say this.
6645
05:19:43,720 --> 05:19:44,800
Didn't you get any buzzer?
6646
05:19:45,040 --> 05:19:47,960
They are used to it. We are not.
6647
05:19:48,280 --> 05:19:52,040
Can we please have Banana Labs,
our mother-daughter duo?
6648
05:19:59,040 --> 05:20:01,400
- Hi.
- You are looking different today.
6649
05:20:01,640 --> 05:20:05,120
- Thank you. I've a new avatar today.
- Yes, totally. I can see that.
6650
05:20:05,360 --> 05:20:06,710
- So, is that your new variant?
- Yes.
6651
05:20:06,720 --> 05:20:09,320
- Wow! Let's see your ad.
- Okay. Let's go.
6652
05:20:11,800 --> 05:20:14,160
Where sexy meets conscious.
6653
05:20:15,400 --> 05:20:17,480
Fabrics that love your skin.
6654
05:20:31,200 --> 05:20:32,920
Let your skin breathe.
6655
05:20:34,320 --> 05:20:35,280
Marina.
6656
05:20:36,760 --> 05:20:39,200
Resort wear by Banana Labs.
6657
05:20:39,720 --> 05:20:40,880
Marina.
6658
05:20:41,480 --> 05:20:42,680
- Nice name.
- Nice name.
6659
05:20:43,080 --> 05:20:45,520
Even this ad is a done-to-death ad.
6660
05:20:45,680 --> 05:20:47,600
I think my name is the best. Naira.
6661
05:20:52,800 --> 05:20:53,870
Wow, nice.
6662
05:20:53,880 --> 05:20:54,950
I love the bag.
6663
05:20:54,960 --> 05:20:57,430
- The bag is cute.
- I love the bag.
6664
05:20:57,440 --> 05:20:58,390
Thank you.
6665
05:20:58,400 --> 05:20:59,790
What is the price point in this?
6666
05:20:59,800 --> 05:21:02,840
So, how much would
the transparent T-shirt be?
6667
05:21:03,160 --> 05:21:05,150
Again, it's at
an affordable price point.
6668
05:21:05,160 --> 05:21:07,110
- So, like ₹2,500.
- Is it transparent?
6669
05:21:07,120 --> 05:21:08,310
- Yes. Yes.
- It is.
6670
05:21:08,320 --> 05:21:10,710
Dhruv, it's transparent.
6671
05:21:10,720 --> 05:21:12,190
- You have to wear it now.
- I will check it out.
6672
05:21:12,200 --> 05:21:14,550
- Can you try it now?
- Can you wear it right now?
6673
05:21:14,560 --> 05:21:17,190
- Can you change here, Dhruv?
- Please.
6674
05:21:17,200 --> 05:21:19,230
We are doing a little
test of the beach bag.
6675
05:21:19,240 --> 05:21:22,560
- Yes. I love the beach bag.
- God, I love the way it opens.
6676
05:21:22,760 --> 05:21:24,560
When I go to Goa, I need this bag.
6677
05:21:25,400 --> 05:21:27,190
- This is fab.
- Lovely.
6678
05:21:27,200 --> 05:21:29,470
- See, how it opens. It's easy.
- Yeah.
6679
05:21:29,480 --> 05:21:30,110
It's perfect.
6680
05:21:30,120 --> 05:21:32,390
Do you know what is beautiful
about this whole brand?
6681
05:21:32,400 --> 05:21:33,830
It is made out of block print.
6682
05:21:33,840 --> 05:21:36,520
- Very interesting, I think.
- Coming from you, it means a lot.
6683
05:21:36,760 --> 05:21:38,630
I was not expecting
resort wear from you.
6684
05:21:38,640 --> 05:21:40,750
- This is Banana 2.0.
- Yeah.
6685
05:21:40,760 --> 05:21:43,270
- Mariyam 2.0.
- Yeah. Yeah.
6686
05:21:43,280 --> 05:21:45,080
Mariyam 2.0 is a mermaid.
6687
05:21:45,880 --> 05:21:47,920
Mariyam, what is the
market size of resort wear?
6688
05:21:48,040 --> 05:21:49,640
So, sir, this...
6689
05:21:51,960 --> 05:21:56,000
I am not sure about that.
I didn't do a thorough research.
6690
05:21:57,240 --> 05:21:59,600
He is asking for very
specific numbers. Market size.
6691
05:21:59,720 --> 05:22:01,430
- In terms of money.
- Money.
6692
05:22:01,440 --> 05:22:03,550
He wants to know if the
market is worth a billion or two.
6693
05:22:03,560 --> 05:22:06,590
If you do a basic
comparison with Love, Kiki,
6694
05:22:06,600 --> 05:22:10,480
saying both brands are resort wear,
it's very expensive.
6695
05:22:12,880 --> 05:22:15,480
It's not resort wear.
It's occasion wear.
6696
05:22:16,920 --> 05:22:19,080
I never said it was beachwear.
6697
05:22:19,440 --> 05:22:22,190
No, I won't say this
in Love, Kiki's defence.
6698
05:22:22,200 --> 05:22:25,150
But their brand
includes embroideries.
6699
05:22:25,160 --> 05:22:27,710
But do you know what?
I feel... There may be embroidery,
6700
05:22:27,720 --> 05:22:30,800
but it's not needed.
Some of it is just not necessary.
6701
05:22:31,000 --> 05:22:33,840
I would much rather
buy this cheaper, nicer
6702
05:22:34,080 --> 05:22:36,550
and breathable attire
that has an Indian touch to it.
6703
05:22:36,560 --> 05:22:39,510
So, I would definitely...
I would definitely go for this.
6704
05:22:39,520 --> 05:22:42,270
- Thank you. Thank you so much.
- And I feel let's talk business,
6705
05:22:42,280 --> 05:22:43,510
my dear Banana Labs.
6706
05:22:43,520 --> 05:22:44,870
Thank you. Thank you so much.
6707
05:22:44,880 --> 05:22:47,960
It was very unexpected.
You know, I never thought
6708
05:22:48,240 --> 05:22:51,430
that you'd go into this glamour zone
and do something different.
6709
05:22:51,440 --> 05:22:53,800
So, I think we should
really talk business.
6710
05:22:54,800 --> 05:22:56,440
Darpan, what are we thinking?
6711
05:22:56,760 --> 05:22:59,760
I think your variant is amazing.
6712
05:23:00,200 --> 05:23:03,840
I am not pressing the
buzzer because the campaign
6713
05:23:04,080 --> 05:23:06,000
didn't give the knockout punch.
6714
05:23:07,000 --> 05:23:08,990
Mariyam, what is so special about it?
6715
05:23:09,000 --> 05:23:12,470
I think your earlier
outfits of block printing
6716
05:23:12,480 --> 05:23:14,360
were more distinctive to me.
6717
05:23:14,560 --> 05:23:16,150
Skin is our largest organ.
6718
05:23:16,160 --> 05:23:17,310
We should let it breathe.
6719
05:23:17,320 --> 05:23:20,870
What we are trying to do here
is to make natural fabric accessible
6720
05:23:20,880 --> 05:23:22,600
and let your skin breathe.
6721
05:23:23,560 --> 05:23:27,200
I love the idea in terms
of the variant you have selected.
6722
05:23:27,360 --> 05:23:29,920
But for me, the result isn't landing.
6723
05:23:31,160 --> 05:23:34,320
Shibani, like honestly...
You took the bag. So...
6724
05:23:35,240 --> 05:23:37,400
It really doesn't add up.
6725
05:23:37,600 --> 05:23:39,480
Like, it doesn't add up.
6726
05:23:40,480 --> 05:23:42,160
Just saying, she took the bag.
6727
05:23:43,840 --> 05:23:46,630
Shibani, thank you so
much for coming here today.
6728
05:23:46,640 --> 05:23:48,270
You brought a glow to our show.
6729
05:23:48,280 --> 05:23:49,590
- Thank you so much.
- I hope to see you soon.
6730
05:23:49,600 --> 05:23:53,070
Thank you so much for having me.
This has been a fantastic experience
6731
05:23:53,080 --> 05:23:56,470
and I think what FEF is
doing here is just incredible.
6732
05:23:56,480 --> 05:23:58,670
- Thank you so much.
- So, I am coming back
6733
05:23:58,680 --> 05:24:00,630
- the next time you call me for sure.
- Oh, wow.
6734
05:24:00,640 --> 05:24:03,520
Thank you so much.
Thank you. Thank you.
6735
05:24:07,400 --> 05:24:09,280
All right, everybody. Follow me.
6736
05:24:09,840 --> 05:24:10,880
Off to the Board Room.
6737
05:24:11,000 --> 05:24:12,680
Gaurav is not asking for much.
6738
05:24:13,040 --> 05:24:15,200
- Shrey is asking for ₹2 crore.
- Yes.
6739
05:24:15,480 --> 05:24:17,120
So, after that, we will have...
6740
05:24:17,600 --> 05:24:20,950
If both Gaurav and
Shrey take ₹2.55 crore,
6741
05:24:20,960 --> 05:24:22,800
we will still be
left with ₹5 crore.
6742
05:24:23,040 --> 05:24:24,750
At least, the funding
I want will be left.
6743
05:24:24,760 --> 05:24:25,840
So, I will be able to get it.
6744
05:24:27,360 --> 05:24:30,640
This time, my preparation
is well-rounded.
6745
05:24:31,800 --> 05:24:34,350
Last time,
the numbers they gave me...
6746
05:24:34,360 --> 05:24:38,040
They gave me homework,
and I have done it this time.
6747
05:24:39,600 --> 05:24:43,680
- Can you repeat your ask?
- Sir, my ask is ₹2 crore
6748
05:24:43,840 --> 05:24:46,640
- for 5% equity.
- The valuation was ₹40 crore.
6749
05:24:46,920 --> 05:24:49,230
From what we see of last year,
6750
05:24:49,240 --> 05:24:52,880
we were at a top line
of ₹5.5 crore.
6751
05:24:54,160 --> 05:24:56,430
For me, this business
at this scale...
6752
05:24:56,440 --> 05:24:58,310
Darpan and Manish, I would say
6753
05:24:58,320 --> 05:25:00,430
- that's a 4x to 5x multiple.
- It's still high.
6754
05:25:00,440 --> 05:25:01,350
I am sorry.
6755
05:25:01,360 --> 05:25:03,470
We will give you 4x to 5x multiple
6756
05:25:03,480 --> 05:25:06,560
when the business is huge
and it can scale up quickly.
6757
05:25:07,880 --> 05:25:10,520
- So, what to do now? Multiple of 3?
- What do you think? 3x?
6758
05:25:10,680 --> 05:25:14,390
- If we take 2.5x to 3x...
- What will happen with 3x?
6759
05:25:14,400 --> 05:25:19,000
See, according to last year,
the value stands at ₹15 crore.
6760
05:25:19,440 --> 05:25:21,630
No, but this year,
we have already crossed ₹6 crore.
6761
05:25:21,640 --> 05:25:23,870
We have surpassed last year
and there is still a quarter
6762
05:25:23,880 --> 05:25:25,840
- and a few months left.
- We should give him that benefit.
6763
05:25:28,280 --> 05:25:31,000
How will you utilise
these ₹2 crore?
6764
05:25:31,240 --> 05:25:34,550
I will break down the utilisation
of ₹2 crore for you.
6765
05:25:34,560 --> 05:25:38,000
So, we want to grow the bespoke
flagship and franchise business.
6766
05:25:38,760 --> 05:25:43,550
In the franchise,
our cost of growth is quite low.
6767
05:25:43,560 --> 05:25:45,390
Because we don't
need to spend anything.
6768
05:25:45,400 --> 05:25:47,630
It's just the marketing cost.
There are expenses in the flagship.
6769
05:25:47,640 --> 05:25:50,110
For a flagship store,
we need ₹50 lakh.
6770
05:25:50,120 --> 05:25:51,310
- Per store.
- Yes.
6771
05:25:51,320 --> 05:25:53,560
If I open one store next year
6772
05:25:53,720 --> 05:25:56,790
and earn ₹2.5 crore
to ₹3 crore from it,
6773
05:25:56,800 --> 05:26:00,390
I can rotate that money into
opening another store next year.
6774
05:26:00,400 --> 05:26:03,790
Then we want to...
As I had said it last time,
6775
05:26:03,800 --> 05:26:09,080
we are getting around 10-15%
of revenue from RTW.
6776
05:26:09,480 --> 05:26:13,430
Now, all my capacity
is being spent on bespoke.
6777
05:26:13,440 --> 05:26:16,520
So, I want to create
a small stock for RTW
6778
05:26:16,680 --> 05:26:18,870
to increase that 10-15% to 20%.
6779
05:26:18,880 --> 05:26:20,270
- What is the value?
- What is that?
6780
05:26:20,280 --> 05:26:23,480
How much do you
want to invest in RTW?
6781
05:26:23,680 --> 05:26:26,000
I need to invest around
₹20 lakh to build the stock.
6782
05:26:29,960 --> 05:26:32,950
After considering this
year's revenue, his valuation
6783
05:26:32,960 --> 05:26:35,670
- will stand at ₹20 crore.
- Shall I make an offer?
6784
05:26:35,680 --> 05:26:38,000
- Yes, we will.
- I think ₹20 crore.
6785
05:26:40,280 --> 05:26:42,470
And if you dilute
5% of equity,
6786
05:26:42,480 --> 05:26:44,400
take an investment of ₹1 crore.
6787
05:26:46,640 --> 05:26:49,230
So, ₹1 crore of investment
at a valuation of ₹20 crore.
6788
05:26:49,240 --> 05:26:50,320
Correct.
6789
05:26:51,760 --> 05:26:53,520
And the equity will be 5%.
6790
05:26:59,720 --> 05:27:04,030
For the valuation, I feel
that the multiple we are considering
6791
05:27:04,040 --> 05:27:05,960
is not correct for me.
6792
05:27:07,840 --> 05:27:11,360
The last quarter, which is
the heaviest one in my business,
6793
05:27:11,520 --> 05:27:13,990
hasn't begun yet and I have
crossed last year's number.
6794
05:27:14,000 --> 05:27:16,680
Today you are a break-even business.
6795
05:27:19,320 --> 05:27:21,990
We said 5% equity for
a ₹1 crore investment.
6796
05:27:22,000 --> 05:27:23,480
- Correct.
- Shrey is proposing
6797
05:27:23,880 --> 05:27:26,800
3.33% equity for
₹1 crore investment.
6798
05:27:28,160 --> 05:27:30,160
We have given him
a valuation of ₹20 crore.
6799
05:27:30,360 --> 05:27:32,150
Shrey is asking for
a valuation of ₹30 crore.
6800
05:27:32,160 --> 05:27:36,070
- Shrey, in these situations--
- If we can meet in between,
6801
05:27:36,080 --> 05:27:38,350
that will make me honestly happy.
6802
05:27:38,360 --> 05:27:40,360
Of course, I respect the panel.
6803
05:27:45,240 --> 05:27:47,190
- Will you give us a minute, please?
- Yes, can you just give us a minute?
6804
05:27:47,200 --> 05:27:48,920
Give us a minute, please. Thank you.
6805
05:27:57,360 --> 05:27:59,350
Invest ₹1 crore,
take 4% equity
6806
05:27:59,360 --> 05:28:00,920
and give him a valuation
of ₹25 crore.
6807
05:28:02,360 --> 05:28:04,280
I think it should be 5%.
6808
05:28:04,440 --> 05:28:06,070
- Even I think the same.
- I feel that.
6809
05:28:06,080 --> 05:28:07,030
I feel that.
6810
05:28:07,040 --> 05:28:12,030
Well, look, all the Angels
will have to agree to a number.
6811
05:28:12,040 --> 05:28:13,920
Numbers. Numbers. Numbers.
6812
05:28:15,080 --> 05:28:18,520
You have to justify
each and every number.
6813
05:28:18,920 --> 05:28:21,440
And if you don't justify,
there is a lot of pushback.
6814
05:28:22,720 --> 05:28:26,600
Okay, let's call
Gaurav from Linetribe.
6815
05:28:28,040 --> 05:28:31,030
A boardroom is
not my favourite place to be.
6816
05:28:31,040 --> 05:28:33,800
But I knew this day would come.
6817
05:28:34,480 --> 05:28:35,990
Gaurav, I have
a simple question for you.
6818
05:28:36,000 --> 05:28:38,200
- Yes?
- Why should we invest in you?
6819
05:28:39,960 --> 05:28:44,310
Your revenue is ₹16 lakh.
Your valuation is ₹5 crore.
6820
05:28:44,320 --> 05:28:48,160
I don't get it at all.
You had a partnership. It broke.
6821
05:28:49,520 --> 05:28:51,800
The customers you had
brought in with hard work...
6822
05:28:51,960 --> 05:28:55,510
You couldn't retain them.
As an entrepreneur, how many...
6823
05:28:55,520 --> 05:28:57,830
- Around 10-15 years.
- Around 10-15 years.
6824
05:28:57,840 --> 05:28:59,750
I mean, ups and downs are constant,
6825
05:28:59,760 --> 05:29:01,880
but a revenue of
₹16 lakh is no business.
6826
05:29:04,560 --> 05:29:06,230
- Let's be real.
- Let's be honest.
6827
05:29:06,240 --> 05:29:07,880
- We can't see a glimmer of hope.
- Yes.
6828
05:29:09,400 --> 05:29:13,000
I had a brand which was
successful and profitable.
6829
05:29:14,520 --> 05:29:16,230
It was called Gaurav & Ritika.
We were partners.
6830
05:29:16,240 --> 05:29:19,360
We had to go our separate
ways for various reasons.
6831
05:29:19,520 --> 05:29:22,150
After that,
I have worked a lot in the industry.
6832
05:29:22,160 --> 05:29:24,790
I consulted with a few brands,
including Urvashi Kaur.
6833
05:29:24,800 --> 05:29:27,270
I was styling campaigns for brands.
6834
05:29:27,280 --> 05:29:29,350
During which year the brand,
Gaurav & Ritika, was active?
6835
05:29:29,360 --> 05:29:30,870
- It was from 2012 to 2015.
- 2012 to 2015.
6836
05:29:30,880 --> 05:29:32,590
- Yeah.
- And then, Gaurav the freelancer
6837
05:29:32,600 --> 05:29:33,830
was from which year to which year?
6838
05:29:33,840 --> 05:29:36,640
- From 2015 to 2021.
- And then, Linetribe?
6839
05:29:37,240 --> 05:29:41,150
- From 2021.
- From 2021 to today...
6840
05:29:41,160 --> 05:29:43,750
And within that, there was
a store closing and opening, right?
6841
05:29:43,760 --> 05:29:48,680
- Which year was that?
- We had the store from 2021 to 2022.
6842
05:29:49,160 --> 05:29:51,270
It was the hardest time.
The COVID time he had a store.
6843
05:29:51,280 --> 05:29:52,630
And right now
are you selling out of pop-ups
6844
05:29:52,640 --> 05:29:54,360
- and exhibitions?
- Yes.
6845
05:29:54,600 --> 05:29:56,480
- And the MBOs. Yeah.
- The MBOs.
6846
05:29:57,240 --> 05:29:59,470
Gaurav, will this be a fair depiction
6847
05:29:59,480 --> 05:30:02,480
of your career
the way you described it?
6848
05:30:04,680 --> 05:30:09,350
From 2012 to 2015, your label
was doing wonderfully well.
6849
05:30:09,360 --> 05:30:12,550
After creating a label, you were
freelancing for five to six years.
6850
05:30:12,560 --> 05:30:14,320
You had already started
your journey as an entrepreneur.
6851
05:30:15,880 --> 05:30:18,350
Another down.
Then you opened Linetribe.
6852
05:30:18,360 --> 05:30:18,990
Yes.
6853
05:30:19,000 --> 05:30:20,550
With the store,
the sales picked up.
6854
05:30:20,560 --> 05:30:22,320
After the store's closing,
you went down again.
6855
05:30:22,520 --> 05:30:25,030
- You are trying to bring it back up.
- Correct.
6856
05:30:25,040 --> 05:30:25,630
- Correct?
- Yes.
6857
05:30:25,640 --> 05:30:29,110
Now, I think that as an investor,
when we look at the graph,
6858
05:30:29,120 --> 05:30:31,470
there is something called
a hockey stick graph.
6859
05:30:31,480 --> 05:30:32,870
It is like this.
6860
05:30:32,880 --> 05:30:36,760
There is something called
a linear graph, which is like this.
6861
05:30:37,320 --> 05:30:38,670
- This graph...
- What is this called?
6862
05:30:38,680 --> 05:30:41,190
- This graph is...
- Scenery.
6863
05:30:41,200 --> 05:30:42,830
- Scenery. A mountain graph.
- Mountain.
6864
05:30:42,840 --> 05:30:46,440
And this graph is
in a range of 12 years.
6865
05:30:48,720 --> 05:30:50,750
We understand that people
have ups and downs in their lives.
6866
05:30:50,760 --> 05:30:52,270
There are failures.
Everything happens.
6867
05:30:52,280 --> 05:30:52,910
Absolutely.
6868
05:30:52,920 --> 05:30:54,390
We still want to understand
6869
05:30:54,400 --> 05:30:57,680
his reasons after 2015.
6870
05:30:58,520 --> 05:31:00,630
So, when you invest the money,
6871
05:31:00,640 --> 05:31:03,270
you invest it in the
founder and the brand.
6872
05:31:03,280 --> 05:31:04,030
- Correct.
- Absolutely.
6873
05:31:04,040 --> 05:31:05,920
What are the drawbacks
of the founder?
6874
05:31:06,120 --> 05:31:09,560
We need to know it. However,
you are not telling us about them.
6875
05:31:10,320 --> 05:31:11,990
The questions and answers...
6876
05:31:12,000 --> 05:31:15,160
Look, I knew
that it was a tactic.
6877
05:31:15,360 --> 05:31:16,600
Despite that,
6878
05:31:16,800 --> 05:31:20,760
you know you get emotionally
affected by the tactic.
6879
05:31:21,280 --> 05:31:24,400
- Gaurav, we have an offer for you.
- Okay.
6880
05:31:25,240 --> 05:31:31,400
At the valuation of ₹1.33 crore,
with 15% equity
6881
05:31:32,360 --> 05:31:33,960
for an amount of ₹20 lakh.
6882
05:31:41,160 --> 05:31:43,160
No, you will have to do better.
6883
05:31:44,800 --> 05:31:46,680
I mean, I don't know
what is stopping him.
6884
05:31:47,040 --> 05:31:49,080
There can't be a better offer.
6885
05:31:50,400 --> 05:31:52,510
It's your wish to refuse the money.
6886
05:31:52,520 --> 05:31:54,920
But if you look at
the optics of the show,
6887
05:31:55,120 --> 05:31:58,840
if you don't accept the money,
your dreams won't come true.
6888
05:32:01,840 --> 05:32:04,630
Gaurav, if a deal has to be made,
the way you should think is...
6889
05:32:04,640 --> 05:32:06,790
you will get visibility
through the show.
6890
05:32:06,800 --> 05:32:08,190
- Yes.
- Your distribution
6891
05:32:08,200 --> 05:32:09,390
will increase in multiple outlets.
6892
05:32:09,400 --> 05:32:10,870
And your designs are great.
6893
05:32:10,880 --> 05:32:11,950
- Right.
- Right here.
6894
05:32:11,960 --> 05:32:14,070
Right now,
your valuation will be very low.
6895
05:32:14,080 --> 05:32:16,400
So, why take more money
when the valuation is low?
6896
05:32:17,440 --> 05:32:18,910
So, my suggestion to you is...
6897
05:32:18,920 --> 05:32:20,680
What is the least
amount of money you need?
6898
05:32:22,000 --> 05:32:23,350
I feel this treatment is unethical.
6899
05:32:23,360 --> 05:32:25,880
You have given money
to so many people.
6900
05:32:26,160 --> 05:32:27,470
Frankly, they didn't need it.
6901
05:32:27,480 --> 05:32:32,150
How can you give my brand,
a brand that has been on top
6902
05:32:32,160 --> 05:32:35,560
for all the episodes,
such a small valuation?
6903
05:32:35,880 --> 05:32:38,040
Can't you trust me at all?
6904
05:32:39,160 --> 05:32:41,040
- We are almost at the end.
- Yes.
6905
05:32:41,320 --> 05:32:45,760
Only a small amount is left. I mean,
the fund is less than our ask.
6906
05:32:45,920 --> 05:32:47,830
There is confusion about
what will happen next.
6907
05:32:47,840 --> 05:32:50,800
It's like, what is in
store for tomorrow?
6908
05:32:55,720 --> 05:32:58,760
- Oh, God...
- Take whatever is left.
6909
05:33:02,320 --> 05:33:03,910
- Oh, my.
- It wasn't much.
6910
05:33:03,920 --> 05:33:06,080
- One person?
- It's Gaurav. Gaurav is gone.
6911
05:33:06,240 --> 05:33:07,870
- Did only one person leave?
- This is wrong.
6912
05:33:07,880 --> 05:33:08,880
₹1.20 crore.
6913
05:33:09,160 --> 05:33:12,000
When we saw that
₹1.20 crore was deducted,
6914
05:33:12,200 --> 05:33:14,110
we were a bit happy that
not a lot of money was spent.
6915
05:33:14,120 --> 05:33:15,790
You know, in Pitch to Get Rich,
6916
05:33:15,800 --> 05:33:17,520
they get more than what they ask for.
6917
05:33:18,280 --> 05:33:20,390
- Whoa!
- Whoa!
6918
05:33:20,400 --> 05:33:22,670
- Oh, both of them got it.
- Oh!
6919
05:33:22,680 --> 05:33:24,910
If both of them got it,
why didn't the counter go lower?
6920
05:33:24,920 --> 05:33:26,280
- Okay...
- They cheated a little bit.
6921
05:33:26,440 --> 05:33:27,910
- Congratulations.
- But you had fun.
6922
05:33:27,920 --> 05:33:29,200
Yeah, I had fun.
6923
05:33:29,840 --> 05:33:32,200
Gaurav, say yes. Don't think.
6924
05:33:32,600 --> 05:33:34,590
Look at the value you are getting.
6925
05:33:34,600 --> 05:33:36,190
You are getting Manish.
You are getting Malaika.
6926
05:33:36,200 --> 05:33:38,120
You are getting Dhruv.
You are getting Darpan.
6927
05:33:38,280 --> 05:33:40,440
This value is more than
what you are asking for.
6928
05:33:42,000 --> 05:33:46,190
Let's do 2.5 and maybe
we can do double digits.
6929
05:33:46,200 --> 05:33:48,000
- Okay.
- Are you saying this?
6930
05:33:48,160 --> 05:33:50,680
Do you want a valuation of
₹2.5 crore for 10% equity?
6931
05:33:51,080 --> 05:33:52,240
Are you saying this?
6932
05:34:00,840 --> 05:34:02,830
If we do it at 12.5%
equity for an offer of ₹20 lakh...
6933
05:34:02,840 --> 05:34:04,200
₹1.6 crore.
6934
05:34:04,440 --> 05:34:05,830
So, the valuation will be...
6935
05:34:05,840 --> 05:34:08,280
₹1.6 crore.
6936
05:34:11,560 --> 05:34:13,710
See, according to me,
in an incubation deal,
6937
05:34:13,720 --> 05:34:17,030
if 12.5% is being diluted,
most of the equity is with you.
6938
05:34:17,040 --> 05:34:18,830
Don't think about the money
you are taking right now.
6939
05:34:18,840 --> 05:34:20,230
So, how much money are you giving me?
6940
05:34:20,240 --> 05:34:22,670
It's ₹20 lakh at
12.5% equity.
6941
05:34:22,680 --> 05:34:25,590
- Okay.
- So, it's a good deal to me.
6942
05:34:25,600 --> 05:34:28,310
I think 12.5% dilution
leaves you with the majority
6943
05:34:28,320 --> 05:34:29,840
of 87.5%.
6944
05:34:34,880 --> 05:34:36,040
Okay, let's do it.
6945
05:34:37,640 --> 05:34:39,310
That was long, but congratulations.
6946
05:34:39,320 --> 05:34:40,750
- Congratulations.
- Thank you.
6947
05:34:40,760 --> 05:34:44,080
Okay. Perhaps anger was
visible on my face. I was irritated.
6948
05:34:44,240 --> 05:34:48,600
I was sad as well.
I feel it was an unfair negotiation.
6949
05:34:49,040 --> 05:34:51,390
Okay, I see the benefit.
I will work on it.
6950
05:34:51,400 --> 05:34:54,790
Linetribe, your pitch has
got your company rich.
6951
05:34:54,800 --> 05:34:55,950
- Thank you so much.
- Congratulations.
6952
05:34:55,960 --> 05:34:57,550
I look forward to you...
6953
05:34:57,560 --> 05:34:58,790
- Congratulations.
- Building the brand.
6954
05:34:58,800 --> 05:34:59,720
All the best.
6955
05:35:00,000 --> 05:35:00,920
Thank you.
6956
05:35:01,560 --> 05:35:02,510
An investment of ₹1 crore
6957
05:35:02,520 --> 05:35:04,710
for 4% equity and
a valuation of ₹25 crore.
6958
05:35:04,720 --> 05:35:06,430
- We met in the middle.
- Yeah.
6959
05:35:06,440 --> 05:35:08,400
- You were at 30.
- You were at 30.
6960
05:35:15,960 --> 05:35:17,790
- And this is the last Board Room.
- Yes.
6961
05:35:17,800 --> 05:35:19,160
The final offer.
6962
05:35:19,640 --> 05:35:21,120
I think let's do the deal.
6963
05:35:21,400 --> 05:35:22,390
- Okay.
- Congratulations.
6964
05:35:22,400 --> 05:35:24,030
- Congratulations, Shrey.
- Congratulations.
6965
05:35:24,040 --> 05:35:25,800
- I think you made the smart choice.
- Congratulations.
6966
05:35:26,960 --> 05:35:28,270
- You made a wise choice.
- Thank you.
6967
05:35:28,280 --> 05:35:29,840
- Thank you so much.
- Shrey.
6968
05:35:30,480 --> 05:35:32,190
Your pitch has made
your company rich.
6969
05:35:32,200 --> 05:35:34,280
- Thank you. Thank you, sir.
- Yay! Wow!
6970
05:35:34,600 --> 05:35:36,030
- Congratulations.
- Thank you, sir.
6971
05:35:36,040 --> 05:35:37,110
- Congratulations.
- Thank you.
6972
05:35:37,120 --> 05:35:40,750
When Mr. Sanjay handed me
the briefcase of Pitch to Get Rich
6973
05:35:40,760 --> 05:35:42,600
and shook my hand,
6974
05:35:43,120 --> 05:35:46,150
I had a chill run up my spine,
6975
05:35:46,160 --> 05:35:47,880
and I was like, "We have arrived."
6976
05:35:48,040 --> 05:35:49,350
It's a fair deal for me.
6977
05:35:49,360 --> 05:35:52,550
I got the valuation
that I wanted for my brand.
6978
05:35:52,560 --> 05:35:54,670
- Guys, congratulations!
- Thank you!
6979
05:35:54,680 --> 05:35:57,280
- Thanks, pal.
- Thank you so much.
6980
05:35:58,000 --> 05:36:00,030
Now ₹6.35 crore is left.
6981
05:36:00,040 --> 05:36:02,880
Again, my ask is ₹90 lakh.
6982
05:36:03,600 --> 05:36:05,480
I will stick to that.
6983
05:36:05,840 --> 05:36:09,310
₹6.35 crore is left now.
It's a bit scary.
6984
05:36:09,320 --> 05:36:11,150
Still, five brands are left.
6985
05:36:11,160 --> 05:36:15,960
I don't know if everyone
will get funding or not.
6986
05:36:16,960 --> 05:36:19,710
The fund was already depleting.
It has further reduced now.
6987
05:36:19,720 --> 05:36:21,190
So, there is a saying that goes,
6988
05:36:21,200 --> 05:36:22,800
"Don't expect financial aid
from the poor."
6989
05:36:22,920 --> 05:36:24,480
So, we were in that condition.
6990
05:36:24,800 --> 05:36:26,830
Our job is to show our talent.
6991
05:36:26,840 --> 05:36:27,630
We are doing it.
6992
05:36:27,640 --> 05:36:30,950
Our work is to give justice
to a brand. We are doing it.
6993
05:36:30,960 --> 05:36:33,150
Everything else is
in the hands of the Angels.
6994
05:36:33,160 --> 05:36:36,640
We don't overthink.
We think about our hard work.
6995
05:38:19,200 --> 05:38:21,030
Well, today's pitch
is about product launch.
6996
05:38:21,040 --> 05:38:22,670
They will be doing and launching
6997
05:38:22,680 --> 05:38:24,750
their very own social media campaign.
6998
05:38:24,760 --> 05:38:27,070
- What did you think of the ad?
- It was so normal.
6999
05:38:27,080 --> 05:38:28,150
They missed the brief.
7000
05:38:28,160 --> 05:38:30,120
I am not convinced by this variant.
7001
05:38:31,240 --> 05:38:33,400
The product is not looking new to me.
7002
05:38:34,400 --> 05:38:38,720
I don't see the authenticity of
Love, Kiki in this.
7003
05:38:39,640 --> 05:38:43,040
According to me, it's stupidity to
bring you into the Board Room today.
7004
05:38:44,400 --> 05:38:45,910
This doesn't look like a variant.
7005
05:38:45,920 --> 05:38:47,390
You shot this on a set.
7006
05:38:47,400 --> 05:38:49,200
That was the only
best bit in your ad.
7007
05:38:49,360 --> 05:38:50,160
Sorry.
7008
05:38:53,160 --> 05:38:54,880
But that was a very brutal one, huh.
7009
05:38:55,520 --> 05:38:57,160
Rough. Rough. Rough.
7010
05:39:01,160 --> 05:39:04,720
The Fashion Entrepreneur Fund
began with ₹30 crore.
7011
05:39:04,840 --> 05:39:09,040
Now only ₹6.35 crore is left today.
7012
05:39:10,800 --> 05:39:15,150
And the total ask of the remaining
five investible companies is
7013
05:39:15,160 --> 05:39:18,240
₹20.7 crore. Whoa!
7014
05:39:31,480 --> 05:39:33,600
Pitch to Get Rich.
7015
05:39:34,960 --> 05:39:37,000
It's time for the last pitch.
7016
05:39:37,400 --> 05:39:40,240
And this means, each company gets
7017
05:39:40,440 --> 05:39:43,150
Board Room access
for final negotiations.
7018
05:39:43,160 --> 05:39:45,350
But the motive of the episode
7019
05:39:45,360 --> 05:39:47,680
is not just entering the Board Room.
7020
05:39:47,920 --> 05:39:51,840
The question is who
enters the Board Room first
7021
05:39:52,240 --> 05:39:55,640
to get the first-mover advantage
on the remaining funds.
7022
05:39:55,800 --> 05:39:58,350
The hero of today's
pitch will be a pitch table,
7023
05:39:58,360 --> 05:40:00,190
as in a leaderboard.
7024
05:40:00,200 --> 05:40:02,590
The founders' last pitch
will be in two stages.
7025
05:40:02,600 --> 05:40:05,710
The total points of
both stages will decide
7026
05:40:05,720 --> 05:40:08,320
who will go to the Board Room first.
7027
05:40:08,520 --> 05:40:10,590
Who will be on top
of the pitch table,
7028
05:40:10,600 --> 05:40:13,240
and who will be at the bottom?
As in, at the end of the line.
7029
05:40:16,200 --> 05:40:17,110
Hey, guys.
7030
05:40:17,120 --> 05:40:20,000
- Hello.
- Welcome, sir. Welcome.
7031
05:40:20,480 --> 05:40:21,470
What a vibe, huh?
7032
05:40:21,480 --> 05:40:23,720
The prep room's turned
into a game room today.
7033
05:40:26,200 --> 05:40:29,200
Today's challenge
is speed networking.
7034
05:40:31,120 --> 05:40:34,880
You'll be joined by industry
experts in this room,
7035
05:40:35,160 --> 05:40:39,710
who are founders,
managing directors, CEOs.
7036
05:40:39,720 --> 05:40:41,910
And most of all,
they are the makers and shakers
7037
05:40:41,920 --> 05:40:43,270
across different industries.
7038
05:40:43,280 --> 05:40:46,360
And they will ask you
several interesting questions.
7039
05:40:47,160 --> 05:40:49,480
These questions will
be curveball questions.
7040
05:40:49,800 --> 05:40:53,560
These questions will judge
your mind and your business ability.
7041
05:40:54,000 --> 05:40:55,310
You take your seat at the table.
7042
05:40:55,320 --> 05:40:56,670
After the bell rings,
7043
05:40:56,680 --> 05:40:59,430
your five-minute question-answer
time will begin.
7044
05:40:59,440 --> 05:41:00,630
The bell will ring again.
7045
05:41:00,640 --> 05:41:03,150
Five minutes later, this will
indicate the end of your time.
7046
05:41:03,160 --> 05:41:06,280
You will then move to the
next table and repeat the process.
7047
05:41:07,200 --> 05:41:08,920
But why are we doing all of this?
7048
05:41:09,080 --> 05:41:10,280
What is the goal?
7049
05:41:10,880 --> 05:41:13,440
The goal is to earn pitch points.
7050
05:41:14,440 --> 05:41:17,360
For every good answer
you give to a curveball question,
7051
05:41:17,520 --> 05:41:18,870
you will get a pitch card.
7052
05:41:18,880 --> 05:41:21,160
One pitch card means one pitch point.
7053
05:41:22,440 --> 05:41:26,160
But this is not the only
way to earn pitch points.
7054
05:41:27,120 --> 05:41:30,880
Stage two, we will welcome
you back to our very own pitch room.
7055
05:41:31,240 --> 05:41:33,760
Remember when you showed up
for your first pitch,
7056
05:41:33,960 --> 05:41:35,520
You had a 60-second challenge.
7057
05:41:35,680 --> 05:41:38,760
You narrated your entire
company's history in 60 seconds.
7058
05:41:39,160 --> 05:41:40,960
This time we're much more generous.
7059
05:41:41,120 --> 05:41:42,710
You will have two minutes,
7060
05:41:42,720 --> 05:41:45,640
120 seconds, for your final pitch.
7061
05:41:46,120 --> 05:41:48,840
And the result of your pitch
will be a buzzer again.
7062
05:41:49,560 --> 05:41:52,120
You will earn two pitch
points for each buzzer.
7063
05:41:53,160 --> 05:41:55,310
And if you get the
maximum number of buzzers
7064
05:41:55,320 --> 05:41:57,320
or the maximum number
of pitch points...
7065
05:41:57,680 --> 05:42:00,160
Those points plus
the first round's points
7066
05:42:00,280 --> 05:42:02,230
will be added to decide
7067
05:42:02,240 --> 05:42:05,040
which company will be
at the top of the leaderboard.
7068
05:42:05,600 --> 05:42:07,270
The company that comes out on top
7069
05:42:07,280 --> 05:42:09,240
will get first Board Room access.
7070
05:42:09,440 --> 05:42:10,840
Which is very important.
7071
05:42:11,160 --> 05:42:14,640
Because we're only
left with ₹6.30 crore now.
7072
05:42:14,880 --> 05:42:16,110
So, whichever company enters first...
7073
05:42:16,120 --> 05:42:19,800
It's but natural and obvious that
they will have the strategic advantage.
7074
05:42:20,080 --> 05:42:22,520
So, be competitive, be sharp.
7075
05:42:22,680 --> 05:42:24,640
And enjoy your last pitch.
7076
05:42:25,760 --> 05:42:29,120
Let me introduce you to the industry
experts you have to impress today.
7077
05:42:29,360 --> 05:42:31,070
Now, let's meet our experts.
7078
05:42:31,080 --> 05:42:33,320
Kamiya Jain and Seema Puri.
7079
05:42:33,640 --> 05:42:36,520
Sonali Dugar and Vanshika Lalwani.
7080
05:42:37,040 --> 05:42:39,560
Dilip Cherian and Varun Gupta.
7081
05:42:39,800 --> 05:42:42,680
Manju Yagnik and Divya Jain.
7082
05:42:43,160 --> 05:42:46,200
Raj Sarthak Nigam
and Meghna Ghodawat.
7083
05:42:46,600 --> 05:42:47,830
And last but not least...
7084
05:42:47,840 --> 05:42:50,840
Siddharth Dungarwal
and Ishita Mangal.
7085
05:42:50,840 --> 05:42:52,990
Okay, let the speed pitching begin.
7086
05:42:53,000 --> 05:42:54,270
See you, guys. Good luck.
7087
05:42:54,280 --> 05:42:55,200
Thank you.
7088
05:42:59,840 --> 05:43:00,720
Sorry.
7089
05:43:00,920 --> 05:43:01,790
So, that was horrible.
7090
05:43:01,800 --> 05:43:03,920
So, which one of you
overlooks social media?
7091
05:43:04,360 --> 05:43:04,910
Pearl.
7092
05:43:04,920 --> 05:43:08,070
If people start commenting,
"Cheap Manish Malhotra,"
7093
05:43:08,080 --> 05:43:10,120
is that a compliment?
Is that hurtful?
7094
05:43:11,000 --> 05:43:13,390
If someone calls us,
"Cheap Manish Malhotra,"
7095
05:43:13,400 --> 05:43:16,720
then our team will
not respond to them.
7096
05:43:17,360 --> 05:43:20,320
Your Instagram engagements...
sort of trending.
7097
05:43:20,600 --> 05:43:21,830
What would your move be like?
7098
05:43:21,840 --> 05:43:25,390
It's your online open shop 24x7.
7099
05:43:25,400 --> 05:43:27,470
So, we've to make
sure that it is trending.
7100
05:43:27,480 --> 05:43:30,030
The engagement rate is at par.
7101
05:43:30,040 --> 05:43:32,950
We will put stories
where people can choose.
7102
05:43:32,960 --> 05:43:34,550
Then we'd also design
our collections.
7103
05:43:34,560 --> 05:43:36,870
We also put,
"Would you prefer this colour,
7104
05:43:36,880 --> 05:43:37,920
"or would you prefer that colour?"
7105
05:43:39,360 --> 05:43:40,910
So, let me just get to the point.
7106
05:43:40,920 --> 05:43:43,510
Would you scale fast,
doing little wrong,
7107
05:43:43,520 --> 05:43:46,800
or would you scale slow
and take forever?
7108
05:43:47,920 --> 05:43:51,430
The first line of questioning
felt like I was hit by a bus.
7109
05:43:51,440 --> 05:43:53,710
In scaling fast,
you end up making a lot of mistakes,
7110
05:43:53,720 --> 05:43:55,950
- and mistakes come at a cost.
- Not necessarily.
7111
05:43:55,960 --> 05:43:57,920
- You don't have to make mistakes.
- Scaling fast happens at a cost.
7112
05:43:58,080 --> 05:44:00,950
Scaling fast happens at a cost
because there are learning curves.
7113
05:44:00,960 --> 05:44:03,350
If you two ever have a disagreement,
7114
05:44:03,360 --> 05:44:05,880
or one of them cheats you,
7115
05:44:06,520 --> 05:44:07,960
what would be your reaction?
7116
05:44:09,240 --> 05:44:11,280
We've been friends for 17 years.
7117
05:44:11,440 --> 05:44:12,710
And our bonding is so good
7118
05:44:12,720 --> 05:44:14,710
that I know him better than my wife.
7119
05:44:14,720 --> 05:44:17,510
You are not a very
good business entrepreneur.
7120
05:44:17,520 --> 05:44:19,430
You cannot calculate business.
7121
05:44:19,440 --> 05:44:22,950
So, for that, would you bring in
some JV or something with somebody?
7122
05:44:22,960 --> 05:44:25,280
Or would you like
to take it on your own?
7123
05:44:32,760 --> 05:44:34,120
Cheers.
7124
05:44:36,480 --> 05:44:37,920
- All the best.
- Thank you so much.
7125
05:44:38,080 --> 05:44:38,830
Thank you.
7126
05:44:38,840 --> 05:44:41,080
When we received two cards
on the first table,
7127
05:44:41,320 --> 05:44:45,800
our confidence in
our work was reiterated.
7128
05:44:46,400 --> 05:44:47,470
I got a little shocked
7129
05:44:47,480 --> 05:44:49,630
that I didn't receive
a single access card.
7130
05:44:49,640 --> 05:44:51,880
So, I was very nervous
going to the second table.
7131
05:44:55,400 --> 05:44:56,470
You know, you are caught
7132
05:44:56,480 --> 05:45:00,550
or your designer is caught
stealing designs from another brand.
7133
05:45:00,560 --> 05:45:02,590
And it's all over social media.
What will you do?
7134
05:45:02,600 --> 05:45:05,830
I don't think we'll ever face
this situation in our business.
7135
05:45:05,840 --> 05:45:08,270
This is not a therapy session.
We are not asking for your opinion.
7136
05:45:08,280 --> 05:45:10,350
If we ever face such a situation...
7137
05:45:10,360 --> 05:45:12,280
Yeah, we know the problem.
Tell us the solution.
7138
05:45:14,920 --> 05:45:17,160
You have readied a shipment.
7139
05:45:17,440 --> 05:45:20,120
And you find out
that the entire design
7140
05:45:20,240 --> 05:45:23,320
has been copied from someone else.
7141
05:45:23,480 --> 05:45:26,830
How will you make a decision
at that moment?
7142
05:45:26,840 --> 05:45:28,470
Then you stop doing that design.
7143
05:45:28,480 --> 05:45:31,760
I mean, you can't get into
a legal battle. That's a bigger cost.
7144
05:45:31,880 --> 05:45:33,790
You get involved with an intern.
7145
05:45:33,800 --> 05:45:34,680
Okay.
7146
05:45:34,840 --> 05:45:36,320
And you find out about it.
7147
05:45:36,560 --> 05:45:39,520
How will you,
as a co-founder, handle it?
7148
05:45:40,360 --> 05:45:41,880
I was not ready for this.
7149
05:45:43,000 --> 05:45:44,470
I didn't know what to answer.
7150
05:45:44,480 --> 05:45:46,230
If this is on social media,
7151
05:45:46,240 --> 05:45:49,960
I won't ask him to step down,
but I will support him.
7152
05:45:50,280 --> 05:45:51,880
Because he's my founder.
7153
05:45:52,160 --> 05:45:53,390
He's the head of the company.
7154
05:45:53,400 --> 05:45:57,080
You will support him, but how will
you deal with the story she posted?
7155
05:45:57,560 --> 05:45:58,600
What can we do?
7156
05:45:58,760 --> 05:46:00,360
Can I support him?
7157
05:46:00,520 --> 05:46:03,040
We are asking him questions. You
have been speaking for a long time.
7158
05:46:03,200 --> 05:46:06,550
These five minutes seemed
like an hour-long grilling to me.
7159
05:46:06,560 --> 05:46:08,230
- Are you married?
- No, I am not married.
7160
05:46:08,240 --> 05:46:10,110
So, tomorrow, hypothetically,
7161
05:46:10,120 --> 05:46:12,830
you get married and your in-laws say
leave this business.
7162
05:46:12,840 --> 05:46:14,070
What are you going to say?
7163
05:46:14,080 --> 05:46:15,910
No, I am seeing someone.
7164
05:46:15,920 --> 05:46:18,510
And the in-laws know,
and they love the business.
7165
05:46:18,520 --> 05:46:19,630
They are rooting for me, so...
7166
05:46:19,640 --> 05:46:21,680
And if they don't love the business,
then what are you going to do?
7167
05:46:23,160 --> 05:46:25,200
Good choice. I agree.
Well done.
7168
05:46:32,440 --> 05:46:33,870
How do you think
you are going to adapt
7169
05:46:33,880 --> 05:46:35,830
to sudden changes in the market?
7170
05:46:35,840 --> 05:46:37,870
Because fashion always
has its phases.
7171
05:46:37,880 --> 05:46:39,350
We recently did a home challenge.
7172
05:46:39,360 --> 05:46:40,910
Then, there was a challenge
for sustainability.
7173
05:46:40,920 --> 05:46:43,470
We made some very interesting
home furnishing products,
7174
05:46:43,480 --> 05:46:46,470
like carpets,
ottomans, cushion covers.
7175
05:46:46,480 --> 05:46:50,480
But if the carpets and the clothes
look the same, then...
7176
05:46:54,320 --> 05:46:56,720
What do you think
would not let you sleep?
7177
05:46:56,840 --> 05:46:59,350
Once you start off the journey,
and you are sort of scaling.
7178
05:46:59,360 --> 05:47:01,310
I think the things
that keep me awake at night
7179
05:47:01,320 --> 05:47:03,000
are the cha-ching on my Shopify.
7180
05:47:03,160 --> 05:47:03,790
Okay.
7181
05:47:03,800 --> 05:47:06,080
That is something that
definitely keeps me awake.
7182
05:47:06,400 --> 05:47:08,630
Yeah, we try to focus on
getting more and more orders.
7183
05:47:08,640 --> 05:47:10,750
If the orders don't come in,
that also gives me sleepless nights.
7184
05:47:10,760 --> 05:47:12,310
But nothing worries you?
7185
05:47:12,320 --> 05:47:15,080
If I start worrying about things,
then I will not be able to perform.
7186
05:47:15,280 --> 05:47:17,800
Performing is
of the utmost importance.
7187
05:47:18,200 --> 05:47:20,080
When you perform,
it keeps the worries at bay.
7188
05:47:20,440 --> 05:47:21,190
Nice.
7189
05:47:21,200 --> 05:47:23,070
During a company party,
7190
05:47:23,080 --> 05:47:28,070
one of your male employees
harasses a female employee.
7191
05:47:28,080 --> 05:47:29,190
How will you deal with it?
7192
05:47:29,200 --> 05:47:30,550
We will support the girl.
7193
05:47:30,560 --> 05:47:35,070
And we'll try that
the particular staff--
7194
05:47:35,080 --> 05:47:36,280
"Try"?
7195
05:47:36,480 --> 05:47:38,560
You won't fire him immediately?
7196
05:47:40,440 --> 05:47:43,800
We were asked extremely
tricky questions.
7197
05:47:49,960 --> 05:47:53,720
So, what's the financial mistake
you would never like to make
7198
05:47:53,920 --> 05:47:55,070
as an entrepreneur.
7199
05:47:55,080 --> 05:47:56,670
Getting the wrong
investor on my board.
7200
05:47:56,680 --> 05:47:58,350
We would never like to burn.
7201
05:47:58,360 --> 05:48:01,550
We don't want to spend ₹10
to sell goods that are worth ₹1.
7202
05:48:01,560 --> 05:48:05,590
Actually, I've been grilled
so much about finances on this show.
7203
05:48:05,600 --> 05:48:08,390
After this, I am going
to take up a course on finance.
7204
05:48:08,400 --> 05:48:10,030
- Interesting.
- Good thing.
7205
05:48:10,040 --> 05:48:11,280
Interesting.
7206
05:48:11,800 --> 05:48:13,990
The session went well for me
7207
05:48:14,000 --> 05:48:16,710
until I reached the
controversial table.
7208
05:48:16,720 --> 05:48:19,190
After you leave with the money...
Whatever your ask is.
7209
05:48:19,200 --> 05:48:22,910
But two months later,
there's a post of a new car,
7210
05:48:22,920 --> 05:48:25,430
a couple of parties and travels
on your Instagram.
7211
05:48:25,440 --> 05:48:27,310
Your investors see this
and reach out,
7212
05:48:27,320 --> 05:48:29,270
asking what you did with the money?
7213
05:48:29,280 --> 05:48:31,390
How exactly will you
tackle the situation?
7214
05:48:31,400 --> 05:48:32,590
I think I'll sell the car.
7215
05:48:32,600 --> 05:48:34,120
Then that's being guilty.
7216
05:48:35,840 --> 05:48:38,950
You have a designer
coming into your store
7217
05:48:38,960 --> 05:48:41,070
and saying,
"I want to buy your store name."
7218
05:48:41,080 --> 05:48:42,510
Would you be open to...
7219
05:48:42,520 --> 05:48:45,390
We're ready to give
a franchise, but...
7220
05:48:45,400 --> 05:48:46,790
Not completely sold out.
7221
05:48:46,800 --> 05:48:48,270
Because I am heavily
invested in this,
7222
05:48:48,280 --> 05:48:50,230
and by God, so will be the FEF.
7223
05:48:50,240 --> 05:48:52,110
Where do you see yourself
in the next 10 to 15 years?
7224
05:48:52,120 --> 05:48:53,350
Ma'am, IPO.
7225
05:48:53,360 --> 05:48:55,070
- Very honestly, IPO.
- Okay.
7226
05:48:55,080 --> 05:48:57,710
The quality of our product
7227
05:48:57,720 --> 05:48:59,750
is as good as a Manish Malhotra
or a Sabyasachi.
7228
05:48:59,760 --> 05:49:02,070
But we're priced
at 1/4th of Sabyasachi.
7229
05:49:02,080 --> 05:49:05,760
Are you saying, in other words,
they are just charging unnecessarily?
7230
05:49:06,880 --> 05:49:07,750
Well done.
7231
05:49:07,760 --> 05:49:09,310
- All the best.
- Thank you so much.
7232
05:49:09,320 --> 05:49:11,560
This is for you.
7233
05:49:13,800 --> 05:49:15,440
Are we getting a card from you?
7234
05:49:15,600 --> 05:49:16,310
It's the same.
7235
05:49:16,320 --> 05:49:18,030
- Two cards you've to give.
- Yeah, yeah.
7236
05:49:18,040 --> 05:49:19,480
Oh, so you are not giving one.
7237
05:49:19,680 --> 05:49:20,800
Thank you so much.
7238
05:49:25,080 --> 05:49:26,600
- You can go.
- Okay, thank you.
7239
05:49:28,520 --> 05:49:31,150
My last table was
my easiest five minutes
7240
05:49:31,160 --> 05:49:32,670
amongst all five tables.
7241
05:49:32,680 --> 05:49:33,750
I gained two pitch cards,
7242
05:49:33,760 --> 05:49:38,080
which brought my total score
to six pitch cards out of ten.
7243
05:49:41,760 --> 05:49:43,080
- How much?
- How many did you get?
7244
05:49:43,240 --> 05:49:44,560
- Did you count this?
- Two?
7245
05:49:44,880 --> 05:49:45,750
Only two?
7246
05:49:45,760 --> 05:49:47,510
- And you?
- Only two.
7247
05:49:47,520 --> 05:49:49,470
I am wondering why
we didn't get three.
7248
05:49:49,480 --> 05:49:51,270
- ...four, five, six, seven.
- How many did you get?
7249
05:49:51,280 --> 05:49:52,590
- Eight.
- Eight?
7250
05:49:52,600 --> 05:49:55,910
- Wow!
- Give me back mine.
7251
05:49:55,920 --> 05:49:59,230
I got only six. I thought
I was giving all the answers,
7252
05:49:59,240 --> 05:50:00,590
but they were tough people.
7253
05:50:00,600 --> 05:50:03,750
- DMOdot.
- You have competition now.
7254
05:50:03,760 --> 05:50:05,270
When we asked everyone,
7255
05:50:05,280 --> 05:50:07,040
we realised that
we are in the second round.
7256
05:50:07,200 --> 05:50:10,630
It was okay but also sad
because we didn't get three cards.
7257
05:50:10,640 --> 05:50:14,720
It's a confidence-building measure
that we have the highest points.
7258
05:50:16,360 --> 05:50:18,430
It's not over yet.
You still have six buzzers to get.
7259
05:50:18,440 --> 05:50:19,510
When you get two...
7260
05:50:19,520 --> 05:50:20,990
We're going to get all
the buzzers this time?
7261
05:50:21,000 --> 05:50:22,230
Is it? Such confidence?
7262
05:50:22,240 --> 05:50:24,800
We had the same confidence last time,
and we got none!
7263
05:50:25,800 --> 05:50:29,560
We never had a competitive
feeling against each other to date.
7264
05:50:29,720 --> 05:50:34,030
Now when they held this competition
for entering the Board Room,
7265
05:50:34,040 --> 05:50:37,550
whoever is first on
the table will go first.
7266
05:50:37,560 --> 05:50:39,600
So that is a very crucial stage now.
7267
05:50:39,880 --> 05:50:42,990
For each buzzer,
we will now get two points.
7268
05:50:43,000 --> 05:50:45,310
Whoever has the highest
point on the scoreboard
7269
05:50:45,320 --> 05:50:46,760
will go in first to negotiate.
7270
05:50:47,160 --> 05:50:48,750
This is a very good position
7271
05:50:48,760 --> 05:50:52,040
because only ₹6.35 crore
is left in the fund.
7272
05:50:52,480 --> 05:50:55,440
Whoever goes first
might get their ask.
7273
05:50:55,800 --> 05:50:58,790
Because if you go in late,
7274
05:50:58,800 --> 05:51:01,760
there might not be enough money left
in the fund according to your ask.
7275
05:51:04,360 --> 05:51:06,430
Welcome to
Pitch to Get Rich red carpet,
7276
05:51:06,440 --> 05:51:09,150
where the Angels will
listen to the final pitches.
7277
05:51:09,160 --> 05:51:11,630
Joining the Angels will be
Mr. Sanjay Nigam.
7278
05:51:11,640 --> 05:51:16,030
And also joining us is
the dashing Nawab of Pataudi.
7279
05:51:16,040 --> 05:51:17,360
Saif Ali Khan.
7280
05:51:23,200 --> 05:51:24,910
- So, this is it.
- Wow, it's really nice.
7281
05:51:24,920 --> 05:51:26,990
This is our fashion avenue of sorts.
7282
05:51:27,000 --> 05:51:29,390
- Amazing.
- Everything here. All our brands.
7283
05:51:29,400 --> 05:51:31,670
This is the first one.
This is DMOdot.
7284
05:51:31,680 --> 05:51:33,390
It's a menswear, footwear brand.
7285
05:51:33,400 --> 05:51:34,670
Oh, nice.
Can I go up and have a look?
7286
05:51:34,680 --> 05:51:37,280
See how lovely Love, Kiki
is looking.
7287
05:51:37,720 --> 05:51:39,590
Nobody is paying
attention to Love, Kiki.
7288
05:51:39,600 --> 05:51:41,520
It's a small brand.
7289
05:51:45,960 --> 05:51:49,430
There's Love, Kiki,
which is Manish's favourite brand.
7290
05:51:49,440 --> 05:51:52,480
- Manish has adopted it.
- He likes the name a lot.
7291
05:52:05,360 --> 05:52:06,440
Wow. What's this?
7292
05:52:06,560 --> 05:52:09,200
- Bloom. Bloom.
- Something is there. What is it?
7293
05:52:09,520 --> 05:52:10,520
What is it?
7294
05:52:10,840 --> 05:52:13,680
Gaurav, open it and show everyone.
7295
05:52:13,840 --> 05:52:16,360
- Wow!
- Looks like something interesting.
7296
05:52:16,720 --> 05:52:18,840
- Says Ambassador.
- "Bloom Ambassador."
7297
05:52:19,800 --> 05:52:21,920
Oh, wow! Nice.
7298
05:52:22,360 --> 05:52:24,560
- There's a card inside.
- Wow.
7299
05:52:25,440 --> 05:52:26,390
"Dear Founders.
7300
05:52:26,400 --> 05:52:28,830
"To support you in your
entrepreneurial journey,
7301
05:52:28,840 --> 05:52:31,550
"we are gifting
a lifetime subscription
7302
05:52:31,560 --> 05:52:33,070
"to our highest loyalty tier
7303
05:52:33,080 --> 05:52:35,430
"so you can enjoy the lowest
rates in all your stays."
7304
05:52:35,440 --> 05:52:38,440
- This is pretty cool. I love this card.
- "Best of luck. Team Bloom."
7305
05:52:39,000 --> 05:52:40,830
- That's a very nice gesture.
- Yeah.
7306
05:52:40,840 --> 05:52:43,230
- Bloom. Bloom.
- Thank you so much, Bloom.
7307
05:52:43,240 --> 05:52:44,910
- Thank you.
- Bloom. Boom-Boom.
7308
05:52:44,920 --> 05:52:46,440
Bloom. Boom-Boom.
7309
05:52:47,040 --> 05:52:50,080
Before we move ahead,
I would like to tell Saif that
7310
05:52:50,240 --> 05:52:52,600
we began with 14 companies.
7311
05:52:52,760 --> 05:52:54,190
- 14 founders...
- Amazing.
7312
05:52:54,200 --> 05:52:57,080
And the FEF,
the Fashion Entrepreneur Fund,
7313
05:52:57,240 --> 05:52:58,630
had ₹30 crore.
7314
05:52:58,640 --> 05:53:02,280
And now we are
left with ₹6.35 crore.
7315
05:53:02,600 --> 05:53:06,440
In fact, the amount in our fund
is less than the actual ask
7316
05:53:06,760 --> 05:53:09,000
- of some of the companies put together.
- Wow.
7317
05:53:09,200 --> 05:53:11,750
The first time we entered this room,
7318
05:53:11,760 --> 05:53:13,870
they were given 60 seconds to pitch.
7319
05:53:13,880 --> 05:53:17,280
Today they will get
120 seconds for the pitch.
7320
05:53:17,480 --> 05:53:18,560
And...
7321
05:53:18,840 --> 05:53:20,560
Earlier, they would get buzzers
7322
05:53:20,720 --> 05:53:22,230
for entering the Board Room.
7323
05:53:22,240 --> 05:53:25,710
Today, the buzzers
would be for points.
7324
05:53:25,720 --> 05:53:27,670
Because they had an entire task
7325
05:53:27,680 --> 05:53:30,350
where they were asked
several questions.
7326
05:53:30,360 --> 05:53:33,440
And depending on that,
they got pitch cards.
7327
05:53:33,800 --> 05:53:37,480
Each pitch card was one pitch
point in the previous challenge.
7328
05:53:37,680 --> 05:53:40,550
But today one buzzer
will be equal two pitch points.
7329
05:53:40,560 --> 05:53:41,790
So, that can influence considerably.
7330
05:53:41,800 --> 05:53:43,510
Which will be added
to the board, right?
7331
05:53:43,520 --> 05:53:45,870
Whenever someone presses the buzzer,
7332
05:53:45,880 --> 05:53:48,360
it will add two points
to their score.
7333
05:53:48,600 --> 05:53:51,190
Why don't we have a look
at the leaderboard?
7334
05:53:51,200 --> 05:53:52,760
- Yeah. Let's do it.
- It's exciting.
7335
05:53:55,040 --> 05:53:57,030
- Wow...
- "The Pitch Table."
7336
05:53:57,040 --> 05:53:59,430
Talking Threads is
at the highest pitch point.
7337
05:53:59,440 --> 05:54:00,470
I know. Wow.
7338
05:54:00,480 --> 05:54:02,280
Malaika's favourite
is Talking Threads.
7339
05:54:03,760 --> 05:54:04,680
Angels.
7340
05:54:05,080 --> 05:54:07,070
The total points are 12,
7341
05:54:07,080 --> 05:54:09,230
and the maximum point
here is only eight.
7342
05:54:09,240 --> 05:54:12,350
So, actually, even Banana Labs
can be on top of the leaderboard
7343
05:54:12,360 --> 05:54:14,030
- with our buzzers over here.
- Yes.
7344
05:54:14,040 --> 05:54:15,720
- Because we have 12 points amongst us.
- Yes.
7345
05:54:17,240 --> 05:54:20,960
We're going to start with our first
and our final pitch coming from...
7346
05:54:21,280 --> 05:54:22,520
DMOdot.
7347
05:54:29,040 --> 05:54:29,830
Welcome back.
7348
05:54:29,840 --> 05:54:30,960
Hello, everyone.
7349
05:54:31,200 --> 05:54:31,990
Hi, Abhishek.
7350
05:54:32,000 --> 05:54:33,190
- Hi, sir.
- How are you?
7351
05:54:33,200 --> 05:54:33,830
I am good.
7352
05:54:33,840 --> 05:54:35,600
You're in the middle
of the leaderboard.
7353
05:54:36,840 --> 05:54:39,200
- Yes, in the middle.
- So, this can go either way now.
7354
05:54:39,400 --> 05:54:40,230
This can go either way.
7355
05:54:40,240 --> 05:54:41,670
I wish you all the best.
7356
05:54:41,680 --> 05:54:43,030
Thank you. Thank you so much.
7357
05:54:43,040 --> 05:54:44,200
Are you ready?
7358
05:54:44,480 --> 05:54:47,760
All right, Abhishek.
Your time... starts... now.
7359
05:54:50,440 --> 05:54:54,990
When I began my journey
of selling shoes out of my car...
7360
05:54:55,000 --> 05:54:56,350
When this journey began,
7361
05:54:56,360 --> 05:54:58,920
I didn't know I would
be standing on this stage.
7362
05:54:59,200 --> 05:55:02,320
And it is definitely
a dream come true for me.
7363
05:55:02,520 --> 05:55:04,070
Hello. My name is Abhishek Sharma.
7364
05:55:04,080 --> 05:55:06,110
I am from Agra.
Born and brought up in Agra.
7365
05:55:06,120 --> 05:55:08,000
I am the founder of DMOdot.
7366
05:55:08,200 --> 05:55:10,990
A bridge to luxury footwear
brand that prides itself
7367
05:55:11,000 --> 05:55:13,040
in making the highest
quality footwear.
7368
05:55:13,320 --> 05:55:17,640
We are a blend of classic designs
with a modern touch and tradition.
7369
05:55:18,240 --> 05:55:21,750
That's what we try to blend,
to make beautiful shoes
7370
05:55:21,760 --> 05:55:23,560
that tell a story.
7371
05:55:23,960 --> 05:55:26,390
For me, it has been a great learning.
7372
05:55:26,400 --> 05:55:28,520
From the first pitch,
when Manish told me,
7373
05:55:28,680 --> 05:55:30,520
that you lack aggression.
7374
05:55:30,680 --> 05:55:35,000
To Malaika, telling me,
"Great shoes. I love your style."
7375
05:55:35,200 --> 05:55:38,510
To Dhruv, telling me,
"The packaging can be better."
7376
05:55:38,520 --> 05:55:42,040
With every pitch,
I tried to make my product better.
7377
05:55:42,240 --> 05:55:45,230
And pitch on pitch,
I tried to overdeliver.
7378
05:55:45,240 --> 05:55:48,160
And I believe that Pitch to Get Rich
7379
05:55:48,360 --> 05:55:51,200
has shaped me into a visionary
from an entrepreneur.
7380
05:55:51,440 --> 05:55:55,080
I never used to think
about myself or my brand.
7381
05:55:55,440 --> 05:56:01,400
Today I am here to ask for ₹90 lakh
for 15% equity in my business.
7382
05:56:01,720 --> 05:56:07,270
And we can take this brand
from being a brand from the car boot
7383
05:56:07,280 --> 05:56:08,760
to making a legacy brand
7384
05:56:08,960 --> 05:56:11,710
because I have learnt only one thing.
7385
05:56:11,720 --> 05:56:13,870
You can dream,
7386
05:56:13,880 --> 05:56:16,520
but one has to fight
to fulfil those dreams.
7387
05:56:16,680 --> 05:56:18,280
And my fight has only just begun.
7388
05:56:19,640 --> 05:56:20,400
- Beautiful.
- Thank you.
7389
05:56:20,560 --> 05:56:22,310
Beautiful.
What a strong start.
7390
05:56:22,320 --> 05:56:23,750
- In time.
- What a strong start.
7391
05:56:23,760 --> 05:56:25,640
- Good timing.
- Abhishek...
7392
05:56:25,840 --> 05:56:27,640
Buddy, that was incredible.
7393
05:56:27,800 --> 05:56:29,390
Your evolution has been amazing.
7394
05:56:29,400 --> 05:56:34,200
How you articulated today
versus your first pitch here.
7395
05:56:34,600 --> 05:56:35,630
I think... I don't know.
7396
05:56:35,640 --> 05:56:37,360
- Yeah, he has...
- I can't believe I am saying this
7397
05:56:37,640 --> 05:56:40,520
but I think you deserve
more than your ask as well.
7398
05:56:41,000 --> 05:56:42,470
- Thank you.
- So, I wish you the best.
7399
05:56:42,480 --> 05:56:45,390
My two points, my buzzer,
"let's talk business" is with you.
7400
05:56:45,400 --> 05:56:47,830
- Thank you.
- I was also almost...
7401
05:56:47,840 --> 05:56:49,470
Exact same buzzer as Darpan.
7402
05:56:49,480 --> 05:56:51,600
In fact, he stole that moment.
I tried.
7403
05:56:51,800 --> 05:56:54,070
The emotional chords you struck.
7404
05:56:54,080 --> 05:56:57,350
- The way you won everyone's hearts.
- Yes, absolutely.
7405
05:56:57,360 --> 05:57:00,350
Malaika and I went like this,
and I think that means something.
7406
05:57:00,360 --> 05:57:03,750
I am really excited. I hope
you get to the Board Room early.
7407
05:57:03,760 --> 05:57:05,360
- And let's see you in there.
- Thank you.
7408
05:57:05,480 --> 05:57:09,990
Abhishek, you have evoked
an emotion in Dhruv and Darpan,
7409
05:57:10,000 --> 05:57:12,840
who are hardcore negotiators.
7410
05:57:13,000 --> 05:57:16,240
I think this was the most honest;
you spoke your heart out.
7411
05:57:16,480 --> 05:57:18,670
And it really got
me emotional hearing it
7412
05:57:18,680 --> 05:57:20,830
because it reminded me of the day
7413
05:57:20,840 --> 05:57:23,630
when I used to travel from one shoot
7414
05:57:23,640 --> 05:57:25,630
to another with
my clothes in the car.
7415
05:57:25,640 --> 05:57:28,190
Your pitch really,
truly touched my heart.
7416
05:57:28,200 --> 05:57:29,480
Thank you. Thank you.
7417
05:57:30,200 --> 05:57:34,310
A great man once said, "Your struggle
doesn't begin when you are no one.
7418
05:57:34,320 --> 05:57:35,950
"Your struggle begins
when you are someone."
7419
05:57:35,960 --> 05:57:37,040
Absolutely.
7420
05:57:37,560 --> 05:57:41,750
You are the guy who's fitted
shoes on men in parking lots.
7421
05:57:41,760 --> 05:57:45,950
Sir, I feel the more you stay
connected to your roots
7422
05:57:45,960 --> 05:57:49,440
and stay humble,
the higher you can go.
7423
05:57:50,040 --> 05:57:53,200
I come from a place where
my parents used to pack shoes for me.
7424
05:57:53,800 --> 05:57:54,320
So...
7425
05:57:54,320 --> 05:57:55,880
I think you won't quit
without making me cry.
7426
05:57:58,160 --> 05:57:59,240
Fantastic.
7427
05:57:59,600 --> 05:58:01,870
Agra till now has been famous for...
7428
05:58:01,880 --> 05:58:03,310
the Taj Mahal.
7429
05:58:03,320 --> 05:58:07,670
But hopefully now it will
be famous for your footwear also.
7430
05:58:07,680 --> 05:58:08,950
So, I wish you all the best,
7431
05:58:08,960 --> 05:58:10,160
- and I would like to support you.
- Thank you.
7432
05:58:10,720 --> 05:58:12,310
Thank you, sir.
7433
05:58:12,320 --> 05:58:16,710
I want to see a nice
home-grown brand which...
7434
05:58:16,720 --> 05:58:19,350
we can all feel very proud about.
7435
05:58:19,360 --> 05:58:21,710
So, not only do you have my heart,
7436
05:58:21,720 --> 05:58:23,710
you have my two points as well.
7437
05:58:23,720 --> 05:58:25,680
Not only do you have my heart,
you have my sole.
7438
05:58:26,000 --> 05:58:26,800
Yes.
7439
05:58:27,040 --> 05:58:28,160
Heart and sole.
7440
05:58:28,680 --> 05:58:30,360
- Thank you. Congratulations.
- 12/12.
7441
05:58:30,560 --> 05:58:32,720
Before you go,
take a look at your leaderboard.
7442
05:58:36,560 --> 05:58:37,560
Wow.
7443
05:58:40,040 --> 05:58:42,040
- See, anything is possible.
- That's interesting.
7444
05:58:43,480 --> 05:58:46,720
You're 18 right now.
You are at the top of the table.
7445
05:58:47,760 --> 05:58:49,510
Let's see what happens ahead.
7446
05:58:49,520 --> 05:58:50,720
Thank you so much.
7447
05:58:52,880 --> 05:58:55,230
DMOdot got all six buzzers.
We have got competition.
7448
05:58:55,240 --> 05:58:56,430
He is in the number one position.
7449
05:58:56,440 --> 05:58:58,800
But this isn't the end.
This is not the end.
7450
05:58:59,160 --> 05:59:02,270
I am number one right now,
which is the best I could do.
7451
05:59:02,280 --> 05:59:07,840
But now if Banana Club or
Talking Threads performs better,
7452
05:59:08,480 --> 05:59:09,600
they will be leading again.
7453
05:59:09,760 --> 05:59:13,790
But if they miss
a buzzer or even two,
7454
05:59:13,800 --> 05:59:15,360
then I won't feel too bad.
7455
05:59:16,440 --> 05:59:18,040
DMO's pitch...
7456
05:59:18,880 --> 05:59:21,190
I am less emotional
when it comes to business.
7457
05:59:21,200 --> 05:59:23,390
It looks and sounds very clichéd.
7458
05:59:23,400 --> 05:59:24,870
Forget about looking
or sounding clichéd.
7459
05:59:24,880 --> 05:59:26,600
You sound like Manish right now.
7460
05:59:26,760 --> 05:59:30,280
- But...
- "It's a familiar product."
7461
05:59:31,720 --> 05:59:32,880
"Show us something else."
7462
05:59:35,080 --> 05:59:37,760
Up next we have Banana Labs.
7463
05:59:38,040 --> 05:59:39,390
I hope her mum's here this time.
7464
05:59:39,400 --> 05:59:41,550
I am hoping too.
I am looking forward to seeing her.
7465
05:59:41,560 --> 05:59:42,760
It's been a while, actually.
7466
05:59:49,560 --> 05:59:51,270
Mariyam, how's your mother feeling?
7467
05:59:51,280 --> 05:59:52,630
She is slightly better.
7468
05:59:52,640 --> 05:59:54,360
We were looking forward
to seeing her today.
7469
05:59:56,400 --> 05:59:57,400
Mariyam...
7470
05:59:58,400 --> 05:59:59,440
you are nervous.
7471
05:59:59,920 --> 06:00:02,120
A bit emotional because
she is not here.
7472
06:00:02,760 --> 06:00:04,470
A lot is going on in my head.
7473
06:00:04,480 --> 06:00:06,400
You are missing her, aren't you?
7474
06:00:09,720 --> 06:00:12,600
Mariyam, I feel today...
7475
06:00:13,720 --> 06:00:15,800
Why don't I come there?
7476
06:00:16,000 --> 06:00:17,070
Are you going to stand with her?
7477
06:00:17,080 --> 06:00:20,320
- I'll stand next to you.
- How nice. Well done, Malaika.
7478
06:00:25,960 --> 06:00:27,480
Means a lot to me.
7479
06:00:33,320 --> 06:00:35,440
- Makes me want to cry.
- No, no. No crying.
7480
06:00:35,920 --> 06:00:37,310
- Thank you.
- I am also a mom,
7481
06:00:37,320 --> 06:00:38,960
so I am going to be next to you.
7482
06:00:39,160 --> 06:00:40,560
Let's do this together.
7483
06:00:40,960 --> 06:00:42,200
Are you all ready?
7484
06:00:43,120 --> 06:00:44,200
It's all yours.
7485
06:00:44,360 --> 06:00:46,550
Don't you worry.
I am right here, next to you. Okay.
7486
06:00:46,560 --> 06:00:48,360
- Go for it.
- Thank you. Thank you so much.
7487
06:00:49,920 --> 06:00:50,590
Go for it.
7488
06:00:50,600 --> 06:00:52,230
Banana as in "hand-made."
7489
06:00:52,240 --> 06:00:55,110
We make handcrafted clothes for both
men and women.
7490
06:00:55,120 --> 06:00:58,590
And do you know what, during my first
pitch, I was completely nervous.
7491
06:00:58,600 --> 06:01:02,840
I blacked out. I couldn't
say a sentence after 10 words.
7492
06:01:03,120 --> 06:01:04,790
And since then till now,
7493
06:01:04,800 --> 06:01:08,350
whatever boost I got in my confidence
is because of this journey.
7494
06:01:08,360 --> 06:01:10,150
I am a confident Mariyam.
7495
06:01:10,160 --> 06:01:14,310
And I wrote a letter last night
not only for all the Angels
7496
06:01:14,320 --> 06:01:16,390
but also for India.
I wrote it last night.
7497
06:01:16,400 --> 06:01:19,320
And I am going to read it
and that's going to be my pitch.
7498
06:01:21,800 --> 06:01:22,920
"Dear India.
7499
06:01:23,200 --> 06:01:27,030
"Indian Culture is called the most
sustainable culture in the world
7500
06:01:27,040 --> 06:01:29,630
"because it's in harmony
with nature,
7501
06:01:29,640 --> 06:01:33,160
"has respect for all living beings,
and also has artisanship and craft.
7502
06:01:33,360 --> 06:01:35,510
"However, today India is evolving.
7503
06:01:35,520 --> 06:01:37,910
"But are we still connected
to our roots?
7504
06:01:37,920 --> 06:01:39,230
"According to research,
7505
06:01:39,240 --> 06:01:43,630
"one in ten artisans would choose
to be a food delivery app driver.
7506
06:01:43,640 --> 06:01:44,510
"Why?
7507
06:01:44,520 --> 06:01:45,880
"Unequal wages, yes.
7508
06:01:46,120 --> 06:01:49,190
"But mainly, they are not proud
of their work and not recognised.
7509
06:01:49,200 --> 06:01:51,150
"For example,
a Banarasi saree weaver,
7510
06:01:51,160 --> 06:01:54,230
"which is considered one
of the most beautiful sarees,
7511
06:01:54,240 --> 06:01:57,200
"cannot gift the same saree to
their daughters at their wedding.
7512
06:01:57,520 --> 06:02:01,360
"We, at Banana Labs,
exist because the artisan does.
7513
06:02:01,720 --> 06:02:05,430
"Banana Labs is a crafts
brand, which uses low energy,
7514
06:02:05,440 --> 06:02:10,630
"vegan fabrics and employs
women and generational artisans,
7515
06:02:10,640 --> 06:02:12,720
"creating a proud Indian brand.
7516
06:02:13,120 --> 06:02:16,150
"At Banana Labs, the customer
is a proud owner of the purchase,
7517
06:02:16,160 --> 06:02:17,880
"but the maker is prouder.
7518
06:02:18,440 --> 06:02:20,510
"So, when you make a purchase
at Banana Labs,
7519
06:02:20,520 --> 06:02:24,070
"we hope you are proud that India
is going to give back to its roots,
7520
06:02:24,080 --> 06:02:27,640
"appreciating what our beautiful
economy has to offer
7521
06:02:28,000 --> 06:02:29,760
"and proud to our culture.
7522
06:02:30,200 --> 06:02:33,200
"Signing off, with love.
Mariyam, Founder, Banana Labs."
7523
06:02:34,800 --> 06:02:37,230
What is this timing?
7524
06:02:37,240 --> 06:02:38,670
- All right?
- Better?
7525
06:02:38,680 --> 06:02:40,280
- You feel better?
- Yes.
7526
06:02:42,920 --> 06:02:45,320
She was shaking like a leaf.
Now she isn't.
7527
06:02:46,440 --> 06:02:48,280
- Yes.
- Now you got this, right?
7528
06:02:48,760 --> 06:02:49,800
Wonderful.
7529
06:02:50,280 --> 06:02:51,280
Beautiful.
7530
06:02:52,760 --> 06:02:55,960
I don't understand.
How can this be a business pitch?
7531
06:02:56,880 --> 06:03:00,480
I would like to point out,
keeping emotions on the side.
7532
06:03:00,720 --> 06:03:04,560
When you are saying
that Banarasi weavers
7533
06:03:05,840 --> 06:03:10,790
don't get support to gift their
sarees at their daughters' wedding,
7534
06:03:10,800 --> 06:03:13,760
I don't agree with that at all.
7535
06:03:15,440 --> 06:03:18,560
I think you are
using marketing tools.
7536
06:03:21,880 --> 06:03:25,070
Because designers like us,
and even bigger designers,
7537
06:03:25,080 --> 06:03:27,800
for years,
they have supported Benares
7538
06:03:28,080 --> 06:03:29,390
and Banarasi weavers.
7539
06:03:29,400 --> 06:03:33,510
And I have to tell you, those weavers
are very successful today.
7540
06:03:33,520 --> 06:03:35,520
And they are also making good money.
7541
06:03:35,720 --> 06:03:38,800
So, I feel what you are
saying is not completely right.
7542
06:03:41,200 --> 06:03:44,040
So, I am not going
to press the buzzer today.
7543
06:03:44,240 --> 06:03:46,390
Because,
while I am emotionally with you,
7544
06:03:46,400 --> 06:03:49,400
I think what you
are saying is not 100% true,
7545
06:03:50,920 --> 06:03:51,590
I'll just say...
7546
06:03:51,600 --> 06:03:54,520
Manish, having heard what you said,
I would like to add
7547
06:03:54,680 --> 06:03:56,990
I think you should
be given more support
7548
06:03:57,000 --> 06:03:59,670
because you are a young entrepreneur
7549
06:03:59,680 --> 06:04:02,230
and you are supporting
Indian heritage.
7550
06:04:02,240 --> 06:04:04,880
And I think that
deserves a lot of credit.
7551
06:04:06,600 --> 06:04:07,350
Thank you.
7552
06:04:07,360 --> 06:04:11,640
I don't know much. I respect
Manish's knowledge in this industry.
7553
06:04:11,760 --> 06:04:14,230
But at least you're bringing
this heritage to life.
7554
06:04:14,240 --> 06:04:17,480
My big ask is that
you come ready with the numbers.
7555
06:04:17,760 --> 06:04:19,720
Because you do have my buzzer today.
7556
06:04:19,880 --> 06:04:21,920
And I would like to see
you as early as possible.
7557
06:04:22,040 --> 06:04:22,800
Thank you.
7558
06:04:23,080 --> 06:04:25,320
Mariyam, I think I found
your pitch very interesting.
7559
06:04:25,520 --> 06:04:29,400
Honestly.
You said, "Dear India...
7560
06:04:30,320 --> 06:04:31,350
"This is what we have to do."
7561
06:04:31,360 --> 06:04:37,190
"My brand will add to the
sustainability of India in this way."
7562
06:04:37,200 --> 06:04:40,000
I think that was a very-very
interesting way to pitch.
7563
06:04:40,480 --> 06:04:43,560
So, for that reason,
you do have my two points.
7564
06:04:44,760 --> 06:04:45,600
Thank you.
7565
06:04:45,960 --> 06:04:48,040
I believe in your brand.
I really do.
7566
06:04:48,240 --> 06:04:49,870
And I feel if you...
7567
06:04:49,880 --> 06:04:51,750
For me, I follow my gut.
7568
06:04:51,760 --> 06:04:54,110
I follow that gut instinct of mine.
7569
06:04:54,120 --> 06:04:56,440
I am liking it. I will go with that.
7570
06:04:56,680 --> 06:04:59,800
Banana Labs,
you definitely have my two points.
7571
06:05:00,240 --> 06:05:01,160
Thank you.
7572
06:05:02,520 --> 06:05:03,640
Mr. Nigam.
7573
06:05:05,240 --> 06:05:06,160
Mariyam...
7574
06:05:07,560 --> 06:05:10,040
what is
your overall outlook?
7575
06:05:10,320 --> 06:05:13,670
Your pitch sounded emotional,
7576
06:05:13,680 --> 06:05:19,560
and your work is about developing
the country and the artisans.
7577
06:05:19,840 --> 06:05:21,880
And I don't think
you're running an NGO.
7578
06:05:22,440 --> 06:05:27,240
But we are sitting here to invest
in something that becomes a brand.
7579
06:05:27,800 --> 06:05:30,400
So, I don't know.
I mean, you'll need to explain again.
7580
06:05:31,520 --> 06:05:34,400
So, I am really sorry,
but I will not push this.
7581
06:05:35,840 --> 06:05:38,160
Can we have a look
at our Pitch Table?
7582
06:05:42,000 --> 06:05:43,280
Wow, nice.
7583
06:05:43,480 --> 06:05:44,360
10.
7584
06:05:45,200 --> 06:05:47,880
At 10 points,
I am currently after DMOdot.
7585
06:05:48,160 --> 06:05:51,030
But I do feel like
I am going to go much down
7586
06:05:51,040 --> 06:05:54,350
because I don't think
in any of the pitches...
7587
06:05:54,360 --> 06:05:57,190
In the final pitch
and the speed pitching,
7588
06:05:57,200 --> 06:06:00,470
I don't think it was my best suit.
7589
06:06:00,480 --> 06:06:02,630
- Up next is Banana Club.
- Hey...
7590
06:06:02,640 --> 06:06:04,880
Yes, it's fast fashion for men.
7591
06:06:05,080 --> 06:06:07,230
- Remember, I was telling you.
- What is fast fashion?
7592
06:06:07,240 --> 06:06:10,230
- What does it mean?
- Quickly produced, cheap, lots of SKUs.
7593
06:06:10,240 --> 06:06:11,910
They change their fashion
every week.
7594
06:06:11,920 --> 06:06:14,270
So, they test our inventory
very quickly.
7595
06:06:14,280 --> 06:06:15,830
They will put something in the store,
depending...
7596
06:06:15,840 --> 06:06:18,870
If one item sells,
they will get six more pieces.
7597
06:06:18,880 --> 06:06:21,080
Limited inventory, fast turnover.
7598
06:06:21,360 --> 06:06:24,750
- Amazing.
- To give you an example Zara, H&M.
7599
06:06:24,760 --> 06:06:26,440
All these are fast fashion.
7600
06:06:26,720 --> 06:06:27,680
- Oh, really?
- Yeah.
7601
06:06:27,840 --> 06:06:30,950
I remember the first time
I went shopping in Zara.
7602
06:06:30,960 --> 06:06:33,560
Actually, I was with a friend.
7603
06:06:33,680 --> 06:06:35,440
My wife, your friend.
7604
06:06:36,520 --> 06:06:37,270
Just to clear.
7605
06:06:37,280 --> 06:06:39,070
And we bought lots and lots of stuff,
7606
06:06:39,080 --> 06:06:42,110
and I was slightly nervous, that
this bill... What's it going to be?
7607
06:06:42,120 --> 06:06:43,750
- I thought--
- And how much was the bill?
7608
06:06:43,760 --> 06:06:45,030
I had never shopped there before.
7609
06:06:45,040 --> 06:06:47,760
I thought it was going to be huge.
We bought bags full of stuff, okay?
7610
06:06:47,880 --> 06:06:50,030
- And then?
- And then it was really inexpensive.
7611
06:06:50,040 --> 06:06:51,670
And I was like, "Oh..."
7612
06:06:51,680 --> 06:06:52,760
I was so relieved.
7613
06:06:53,080 --> 06:06:54,910
- So, we did it again.
- Wow, lovely to see
7614
06:06:54,920 --> 06:06:56,830
the Nawab shopping at a Zara.
7615
06:06:56,840 --> 06:06:59,280
- It's quite a sight.
- Humble Nawab.
7616
06:07:01,480 --> 06:07:05,240
All right,
let's call Banana Club, please.
7617
06:07:13,320 --> 06:07:14,760
- Hi, guys.
- Hello, sir.
7618
06:07:15,000 --> 06:07:15,990
Welcome.
7619
06:07:16,000 --> 06:07:19,680
This is your last pitch,
and your ask is ₹15 crore.
7620
06:07:21,080 --> 06:07:23,070
- But only ₹6 crore left.
- Yeah.
7621
06:07:23,080 --> 06:07:25,120
Exactly,
would you like to add something?
7622
06:07:25,480 --> 06:07:27,120
- You can write a cheque.
- Let's see the pitch.
7623
06:07:29,200 --> 06:07:30,520
Okay, let's start the pitch.
7624
06:07:32,400 --> 06:07:33,190
Greetings, Angels.
7625
06:07:33,200 --> 06:07:34,910
I am Neel Bafna,
the founder of Banana Club.
7626
06:07:34,920 --> 06:07:37,960
Greetings, Angels. I am Prashanth
Lalwani, the co-founder of Banana Club.
7627
06:07:38,200 --> 06:07:40,800
Banana Club is a quality
men's fast fashion brand.
7628
06:07:41,120 --> 06:07:43,310
At Banana Club,
we don't just stitch clothes
7629
06:07:43,320 --> 06:07:44,960
but deliver a lifestyle.
7630
06:07:45,120 --> 06:07:48,160
We own eight stores,
and four more are in the pipeline.
7631
06:07:48,440 --> 06:07:51,440
We are present in all major
marketplaces and have our own website.
7632
06:07:51,960 --> 06:07:55,080
Last month, we generated
a revenue of ₹7 crore.
7633
06:07:55,400 --> 06:07:58,480
And currently, we are delivering
more than 1,000 orders daily.
7634
06:07:59,120 --> 06:08:01,840
Before coming to
Pitch To Get Rich...
7635
06:08:02,160 --> 06:08:03,950
When we arrived in Pitch To Get Rich
7636
06:08:03,960 --> 06:08:07,080
and entered the Board Room
in the first episode,
7637
06:08:07,600 --> 06:08:10,560
it was nothing short
of a dream for us.
7638
06:08:11,040 --> 06:08:16,040
We were given a generous offer of
₹7.5 crore for 5% equity.
7639
06:08:16,760 --> 06:08:22,720
But we... politely turned it down.
7640
06:08:23,800 --> 06:08:26,160
Everyone said
we lost a huge opportunity.
7641
06:08:26,400 --> 06:08:30,870
But this was our opportunity
to stand by our brand and our vision
7642
06:08:30,880 --> 06:08:32,430
and show our trust.
7643
06:08:32,440 --> 06:08:35,920
Our real journey on Pitch To Get Rich
began from the second episode.
7644
06:08:36,160 --> 06:08:38,430
During the journey,
we learnt many things.
7645
06:08:38,440 --> 06:08:40,910
Manish sir and Malaika ma'am
taught us
7646
06:08:40,920 --> 06:08:43,000
the importance of
design and aesthetics.
7647
06:08:43,480 --> 06:08:47,790
Dhruv sir gave his favourite
Banana Club boys a vision of scalability.
7648
06:08:47,800 --> 06:08:51,520
Darpan sir explained to us
the game of data and numbers.
7649
06:08:51,760 --> 06:08:53,350
And, during the
sustainability challenge,
7650
06:08:53,360 --> 06:08:55,960
we understood these aspects
and took a step forward.
7651
06:08:56,320 --> 06:08:58,030
Thanks to the expertise
of all the Angels,
7652
06:08:58,040 --> 06:08:59,960
we are now complete entrepreneurs.
7653
06:09:00,120 --> 06:09:01,920
We've learnt a lot from everyone.
7654
06:09:02,200 --> 06:09:06,520
We always implement them
in our lives, we assure you that.
7655
06:09:07,000 --> 06:09:08,310
Before coming to Pitch To Get Rich,
7656
06:09:08,320 --> 06:09:10,200
our vision was to open 100 stores.
7657
06:09:10,360 --> 06:09:12,670
But during the episode,
we met Gautam Singhania sir.
7658
06:09:12,680 --> 06:09:14,440
He saw potential in our brand
7659
06:09:14,680 --> 06:09:17,680
and motivated us
to open 2,000 stores.
7660
06:09:17,960 --> 06:09:19,990
And that was it.
Our vision totally changed.
7661
06:09:20,000 --> 06:09:21,070
We started with ₹100
7662
06:09:21,080 --> 06:09:23,160
and today we've touched
the journey of ₹300 crore.
7663
06:09:23,560 --> 06:09:26,910
And with you, we want to make
another journey of ₹3,000 crore.
7664
06:09:26,920 --> 06:09:29,280
Are you ready to soar with us?
7665
06:09:31,960 --> 06:09:33,480
- Great pitch. Great pitch.
- Solid pitch.
7666
06:09:33,720 --> 06:09:36,240
I'll tell you, looking
at your body language today...
7667
06:09:36,480 --> 06:09:39,230
I saw you nervous for
the first time when you two came in.
7668
06:09:39,240 --> 06:09:41,150
- I think, sir--
- I understand why.
7669
06:09:41,160 --> 06:09:43,600
Because he has the most at stake.
7670
06:09:44,000 --> 06:09:47,520
Because we have
₹6.35 crore.
7671
06:09:47,760 --> 06:09:49,600
Talking Threads wants ₹2 crore.
7672
06:09:49,760 --> 06:09:51,190
Banana Labs wants ₹2 crore.
7673
06:09:51,200 --> 06:09:53,710
DMOdot wants ₹90 lakh.
Others want it too.
7674
06:09:53,720 --> 06:09:58,120
And Board Room access,
I think, amongst everybody else,
7675
06:09:58,480 --> 06:10:01,320
is the most critical
in coming in right at the top.
7676
06:10:01,640 --> 06:10:03,520
Because your ask is the biggest.
7677
06:10:03,720 --> 06:10:08,470
And it says here,
you call yourself Jack & Jones
7678
06:10:08,480 --> 06:10:10,990
- but affordable.
- Sir, we don't, but--
7679
06:10:11,000 --> 06:10:12,430
But I wish in your pitch
7680
06:10:12,440 --> 06:10:15,160
you had worn some unique clothes.
7681
06:10:17,080 --> 06:10:18,750
Because both of you are
dressed slightly similar.
7682
06:10:18,760 --> 06:10:20,430
- No, sir, we--
- In shirts and trousers.
7683
06:10:20,440 --> 06:10:22,230
If one of you had
worn a T-shirt and jeans
7684
06:10:22,240 --> 06:10:23,390
or shown me a little more range.
7685
06:10:23,400 --> 06:10:24,350
- Of your range.
- Yeah.
7686
06:10:24,360 --> 06:10:26,710
- Because it looks a little...
- Limited.
7687
06:10:26,720 --> 06:10:28,230
Yeah. In my view.
7688
06:10:28,240 --> 06:10:31,720
Do you have more designs
in your shop windows?
7689
06:10:32,000 --> 06:10:34,390
- Can we show Saif your store?
- Yes.
7690
06:10:34,400 --> 06:10:35,670
Why don't we...
7691
06:10:35,680 --> 06:10:36,910
They have got casuals.
7692
06:10:36,920 --> 06:10:40,630
Because, when I'm looking at them,
I mean...
7693
06:10:40,640 --> 06:10:44,630
We have the streetwear collection
and the casual collection.
7694
06:10:44,640 --> 06:10:46,750
These are the new shackets
that we have launched.
7695
06:10:46,760 --> 06:10:48,310
For denims and loose trousers.
7696
06:10:48,320 --> 06:10:49,840
Lovely. They are very nice.
7697
06:10:50,080 --> 06:10:51,600
Sir, we have everything.
7698
06:10:51,760 --> 06:10:54,880
A complete men's solution
that one needs,
7699
06:10:55,040 --> 06:10:57,110
we've priced them between
₹1,000 and ₹1,500.
7700
06:10:57,120 --> 06:10:58,550
That's the main thing. The price.
7701
06:10:58,560 --> 06:11:00,630
- So, the price is the main thing.
- Yes.
7702
06:11:00,640 --> 06:11:03,230
We want to make India
stylish at an affordable price.
7703
06:11:03,240 --> 06:11:05,150
After that walk,
I've changed my mind.
7704
06:11:05,160 --> 06:11:06,070
I am voting for them.
7705
06:11:06,080 --> 06:11:07,670
- I've been won over.
- Have you been convinced?
7706
06:11:07,680 --> 06:11:10,040
- Because you don't look convinced.
- I wasn't convinced earlier on.
7707
06:11:10,200 --> 06:11:12,120
- And?
- Now I am.
7708
06:11:12,440 --> 06:11:14,990
Thank you so much, sir. Thank you
so much for building our confidence.
7709
06:11:15,000 --> 06:11:17,550
I wish you all the best,
and I'd like to support you.
7710
06:11:17,560 --> 06:11:19,230
Thank you, sir.
Thank you so much, sir.
7711
06:11:19,240 --> 06:11:21,240
I don't know.
Today I'm not convinced.
7712
06:11:22,360 --> 06:11:25,520
Genuinely.
Your pitch was so cold today.
7713
06:11:27,720 --> 06:11:30,000
My thinking is slightly different.
7714
06:11:30,200 --> 06:11:32,520
We are here to make an investment.
7715
06:11:33,280 --> 06:11:35,830
I liked your pitch
because I am an investor.
7716
06:11:35,840 --> 06:11:38,640
I want to see my ₹300 crore
valuation grow to ₹3,000 crore.
7717
06:11:38,840 --> 06:11:40,310
And you are at least
articulating that.
7718
06:11:40,320 --> 06:11:43,870
I hope you get
an early Board Room access,
7719
06:11:43,880 --> 06:11:45,310
because if the money is over,
7720
06:11:45,320 --> 06:11:48,080
how much ever we want,
we can't do anything about it.
7721
06:11:48,560 --> 06:11:51,150
So, you have my buzzer,
you have my two points.
7722
06:11:51,160 --> 06:11:52,400
I wish you the best.
7723
06:11:52,760 --> 06:11:54,110
- Let's talk business.
- Thank you so much.
7724
06:11:54,120 --> 06:11:55,310
Prashanth and Nilesh,
7725
06:11:55,320 --> 06:11:58,600
sometimes what happens is
that we think very short-term.
7726
06:11:59,240 --> 06:12:01,590
But you guys are people
who think long term.
7727
06:12:01,600 --> 06:12:02,670
Yes.
7728
06:12:02,680 --> 06:12:05,320
And you have ambition and dreams,
7729
06:12:05,640 --> 06:12:08,240
which I can 100% say will come true.
7730
06:12:08,680 --> 06:12:10,790
But sometimes, as an elder person
7731
06:12:10,800 --> 06:12:12,600
and who's been in this business,
7732
06:12:12,760 --> 06:12:14,720
I think it's good
to be a little strict
7733
06:12:15,040 --> 06:12:17,720
just to push you to do even better.
7734
06:12:18,120 --> 06:12:19,630
So, I wish you all the luck.
7735
06:12:19,640 --> 06:12:21,560
But I am sorry
I won't press the buzzer today.
7736
06:12:22,360 --> 06:12:23,190
Thank you, sir.
7737
06:12:23,200 --> 06:12:25,590
Today I know my buzzer has a value.
7738
06:12:25,600 --> 06:12:27,960
It decides where you
are in the leaderboard.
7739
06:12:28,120 --> 06:12:30,350
So, I would like to
give you a slight nudge
7740
06:12:30,360 --> 06:12:31,790
so that you have some hope.
7741
06:12:31,800 --> 06:12:34,440
- Thank you.
- Only ₹6.5 crore left. Even less.
7742
06:12:34,640 --> 06:12:36,870
If this can help you even a bit,
7743
06:12:36,880 --> 06:12:38,760
- I'll give you my support today.
- Thank you so much.
7744
06:12:38,920 --> 06:12:40,590
Malaika,
the ball is in your court now.
7745
06:12:40,600 --> 06:12:41,880
- Is it?
- Yeah.
7746
06:12:42,400 --> 06:12:44,080
I didn't like their pitch.
7747
06:12:44,480 --> 06:12:46,390
- Okay, so it's not--
- We have an opportunity here.
7748
06:12:46,400 --> 06:12:48,910
- Two points...
- Yeah.
7749
06:12:48,920 --> 06:12:50,680
- So 2% equity.
- Correct.
7750
06:12:51,960 --> 06:12:54,360
If you can give an additional 2%,
then I can press it.
7751
06:12:55,720 --> 06:12:57,840
Sir, it's your company.
Whatever you decide.
7752
06:12:58,440 --> 06:12:59,270
What an answer.
7753
06:12:59,280 --> 06:13:01,310
- What a superb answer.
- Love it.
7754
06:13:01,320 --> 06:13:02,840
You have said it with such...
7755
06:13:03,680 --> 06:13:05,520
Thank you so much.
That means a lot.
7756
06:13:06,080 --> 06:13:07,920
It's been recorded. Remember that.
7757
06:13:08,320 --> 06:13:09,310
That means a lot.
7758
06:13:09,320 --> 06:13:11,160
- So, 15 points.
- 15 points.
7759
06:13:11,400 --> 06:13:13,280
Let's see the Pitch Table, please.
7760
06:13:17,560 --> 06:13:18,920
Wow, Banana Club.
7761
06:13:19,080 --> 06:13:20,720
Helps a lot, right?
7762
06:13:21,000 --> 06:13:21,710
Congratulations.
7763
06:13:21,720 --> 06:13:22,950
- Wow.
- Where are they?
7764
06:13:22,960 --> 06:13:25,040
DMOdot leading the scoreboard.
7765
06:13:25,400 --> 06:13:26,480
Thank you.
7766
06:13:28,480 --> 06:13:30,080
As we sit over here,
7767
06:13:30,240 --> 06:13:32,960
DMOdot is backstage
in the design room.
7768
06:13:33,200 --> 06:13:35,350
They are doing
the dance of their life.
7769
06:13:35,360 --> 06:13:36,070
Oh, really.
7770
06:13:36,080 --> 06:13:41,750
Because they can't believe that
they're still higher than Banana Club.
7771
06:13:41,760 --> 06:13:42,990
Because, let's just be honest,
7772
06:13:43,000 --> 06:13:44,790
so far, Banana Club has been...
7773
06:13:44,800 --> 06:13:46,390
But this was his weakest pitch
by far.
7774
06:13:46,400 --> 06:13:47,230
Okay.
7775
06:13:47,240 --> 06:13:49,390
Up next is Love, Kiki.
7776
06:13:49,400 --> 06:13:51,080
I've to urgently go somewhere
and be right back.
7777
06:13:51,080 --> 06:13:52,280
I'll be right back.
7778
06:13:53,080 --> 06:13:54,190
You continue, continue.
7779
06:13:54,200 --> 06:13:56,080
They are calling me for some reason.
7780
06:13:56,360 --> 06:13:57,750
Okay. All right.
7781
06:13:57,760 --> 06:14:00,830
How bad.
I mean Manish's favourite founder.
7782
06:14:00,840 --> 06:14:03,760
Anyway, coming up next is Love, Kiki.
7783
06:14:18,560 --> 06:14:20,790
Manish Loves Kiki. Simple.
7784
06:14:20,800 --> 06:14:22,470
I just love her clarity.
7785
06:14:22,480 --> 06:14:24,470
I think so much support
from such a big name,
7786
06:14:24,480 --> 06:14:26,270
in today's time,
can also be a disadvantage.
7787
06:14:26,280 --> 06:14:28,230
All of us are like,
"Let's see what you've got."
7788
06:14:28,240 --> 06:14:29,640
Let's listen to the pitch.
7789
06:14:29,920 --> 06:14:31,240
- Are you ready?
- Yes.
7790
06:14:34,160 --> 06:14:38,960
Communication has been my
life's greatest fear and challenge.
7791
06:14:39,360 --> 06:14:41,310
I have always been a visual person
7792
06:14:41,320 --> 06:14:44,080
who has always visually
expressed all of her emotions.
7793
06:14:44,400 --> 06:14:46,750
And that gave me an outlet
to make my own brand
7794
06:14:46,760 --> 06:14:51,320
where you can say every
piece tells a story on its own.
7795
06:14:51,920 --> 06:14:55,160
So, today I want to
tell you about the brand...
7796
06:14:55,960 --> 06:14:56,800
Sorry.
7797
06:14:56,960 --> 06:14:57,920
Take a deep breath.
7798
06:14:58,040 --> 06:14:59,720
It's okay, take a breath.
Take a breath.
7799
06:14:59,920 --> 06:15:03,280
So yeah... Hi, I am Kirti Talwar.
Founder of Love, Kiki.
7800
06:15:03,400 --> 06:15:06,270
Love, Kiki is an affordable,
luxury, womenswear brand,
7801
06:15:06,280 --> 06:15:09,080
where we create
occasion-wear outfits,
7802
06:15:09,320 --> 06:15:12,720
which is not just chic but
comfortable, tasteful and timeless.
7803
06:15:13,000 --> 06:15:17,230
We are sustainable, and craftsmanship
is the core value of our company.
7804
06:15:17,240 --> 06:15:19,590
We make second-life type products,
7805
06:15:19,600 --> 06:15:23,590
where we use waste fabrics
and give them a repurpose
7806
06:15:23,600 --> 06:15:26,040
and make it into a new collection.
7807
06:15:26,560 --> 06:15:29,670
And we think fashion
should be long-lasting.
7808
06:15:29,680 --> 06:15:33,360
So, we also provide free lifetime
alterations to our customers.
7809
06:15:34,000 --> 06:15:36,310
This journey has
been incredible for me.
7810
06:15:36,320 --> 06:15:39,350
I have always been nervous...
7811
06:15:39,360 --> 06:15:41,960
I am still nervous. I was...
7812
06:15:43,120 --> 06:15:45,110
I was confident
I would be able to speak.
7813
06:15:45,120 --> 06:15:48,960
But I will say, Manish sir, thank you
for always showing confidence in me.
7814
06:15:49,240 --> 06:15:52,760
And "Manish Loves Kiki" is
something I will always treasure.
7815
06:15:53,200 --> 06:15:56,790
And I know I've always
had issues with scalability,
7816
06:15:56,800 --> 06:15:58,190
which I could never show,
7817
06:15:58,200 --> 06:16:01,360
but my product range
was always visible.
7818
06:16:01,600 --> 06:16:05,000
That showed that my brand has a...
7819
06:16:05,760 --> 06:16:08,800
We can have a lot of products
in the future lines.
7820
06:16:09,080 --> 06:16:11,000
So, I believe if you trust me,
7821
06:16:11,720 --> 06:16:13,230
if you trust my ask,
7822
06:16:13,240 --> 06:16:17,120
I am very confident that I can
make a better product in future.
7823
06:16:19,040 --> 06:16:19,960
Good pitch, I think.
7824
06:16:21,800 --> 06:16:23,030
I really liked that pitch.
7825
06:16:23,040 --> 06:16:25,750
I got some really good
messages about the brand.
7826
06:16:25,760 --> 06:16:30,360
It was really nice. I understood
the ethics behind
7827
06:16:31,360 --> 06:16:34,160
the brand, the quality
and also what you are selling.
7828
06:16:34,560 --> 06:16:37,030
I also like the pitch and
how it wasn't completely perfect.
7829
06:16:37,040 --> 06:16:39,870
Because I think being
emotionally rehearsed and perfect
7830
06:16:39,880 --> 06:16:42,990
is not really about
selling the thing sometimes.
7831
06:16:43,000 --> 06:16:45,000
It's about your product.
7832
06:16:45,320 --> 06:16:47,590
How much are you asking for?
7833
06:16:47,600 --> 06:16:49,200
₹80 lakh for 20%.
7834
06:16:50,120 --> 06:16:51,240
Okay, I'll vote for you.
7835
06:16:53,640 --> 06:16:54,520
Thank you.
7836
06:16:54,960 --> 06:16:56,070
I'll be very honest.
7837
06:16:56,080 --> 06:17:01,120
Personally, I am not somebody
who believes in your product.
7838
06:17:02,840 --> 06:17:04,920
It is not something that I see,
7839
06:17:05,360 --> 06:17:10,000
I would buy or I would endorse.
7840
06:17:11,720 --> 06:17:12,840
So, going by that,
7841
06:17:12,960 --> 06:17:15,710
I am really sorry, and I am
going to have to say this today
7842
06:17:15,720 --> 06:17:18,750
that I am not able to
give you this buzzer today
7843
06:17:18,760 --> 06:17:21,360
because I don't
completely believe in it.
7844
06:17:22,160 --> 06:17:23,880
Sanjay, there's an American brand
7845
06:17:24,120 --> 06:17:27,470
Anthropologie, which has multiple
stores throughout America.
7846
06:17:27,480 --> 06:17:28,950
- Yes.
- So,
7847
06:17:28,960 --> 06:17:31,000
I find her brand similar, you know.
7848
06:17:31,280 --> 06:17:33,480
Wearable fashion. Very feminine.
7849
06:17:33,600 --> 06:17:36,560
So, actually,
her business can scale quite a bit.
7850
06:17:36,720 --> 06:17:39,510
You are the best.
If you are imagining, then it can be.
7851
06:17:39,520 --> 06:17:42,310
So, you always have my buzzer.
7852
06:17:42,320 --> 06:17:43,440
Thank you so much.
7853
06:17:43,600 --> 06:17:45,960
If Manish says this,
then this is for Manish.
7854
06:17:46,160 --> 06:17:47,280
Thank you so much.
7855
06:17:48,160 --> 06:17:52,120
I think the challenge is how she
will scale it. How big can it grow?
7856
06:17:52,880 --> 06:17:55,760
But that's what the Fashion
Entrepreneur Fund is here for.
7857
06:17:55,880 --> 06:17:56,710
To support.
7858
06:17:56,720 --> 06:18:00,840
I think I would love to see you amongst
the first few people in the Board Room.
7859
06:18:01,000 --> 06:18:03,240
You have my buzzer.
I wish you all the best.
7860
06:18:03,360 --> 06:18:04,520
Thank you so much.
7861
06:18:04,720 --> 06:18:07,160
To be honest, I don't think
the pitch today was great.
7862
06:18:09,040 --> 06:18:10,840
To be very-very blunt, bored
7863
06:18:11,040 --> 06:18:12,230
- at the middle of it.
- No worries.
7864
06:18:12,240 --> 06:18:14,510
Given that this is the last pitch
7865
06:18:14,520 --> 06:18:17,040
and you never got the chance
to enter the Board Room,
7866
06:18:17,400 --> 06:18:20,040
thanks to a bad luck
situation in the past,
7867
06:18:20,240 --> 06:18:23,040
the least I can do is help
you get a little bit further
7868
06:18:23,280 --> 06:18:25,560
to make your way into
the Board Room earlier.
7869
06:18:25,960 --> 06:18:28,880
Your ask is reasonable
compared to the funds remaining.
7870
06:18:29,040 --> 06:18:30,480
Maybe this helps you in the journey.
7871
06:18:31,120 --> 06:18:32,920
- Thank you so much.
- Malaika?
7872
06:18:33,760 --> 06:18:35,390
Can we convince you to...
7873
06:18:35,400 --> 06:18:38,550
Maybe, Saif, is there anything
you can do to convince Malaika.
7874
06:18:38,560 --> 06:18:40,600
No, but I liked your pitch.
I think...
7875
06:18:40,800 --> 06:18:42,710
I mean, I would buy it
just looking at you.
7876
06:18:42,720 --> 06:18:44,550
And even being a little bit unsure.
7877
06:18:44,560 --> 06:18:46,430
And even if you
stammer or miss a line,
7878
06:18:46,440 --> 06:18:47,910
that doesn't distract me.
7879
06:18:47,920 --> 06:18:50,030
You know what,
going by his pitch and what he said
7880
06:18:50,040 --> 06:18:52,960
that I would definitely
buy some of your clothing...
7881
06:18:53,120 --> 06:18:57,080
And let me tell you, there is nobody
more impeccable with taste and style
7882
06:18:57,360 --> 06:18:58,430
- than Mr. Saif Ali Khan.
- So, yes.
7883
06:18:58,440 --> 06:18:59,310
- Thank you, sir.
- Thank you, Malaika.
7884
06:18:59,320 --> 06:19:00,720
- All right.
- Thank you.
7885
06:19:01,160 --> 06:19:03,560
All buzzers. Congratulations.
7886
06:19:03,680 --> 06:19:06,080
Let's see what our
Pitch Table has to say.
7887
06:19:09,680 --> 06:19:13,110
- Oh, wow!
- Not bad.
7888
06:19:13,120 --> 06:19:15,000
- Thank you. Good luck. Bye.
- See you in the Board Room.
7889
06:19:17,680 --> 06:19:20,070
Kiki got six buzzers...
7890
06:19:20,080 --> 06:19:23,030
I feel a couple of them were
sympathy buzzers.
7891
06:19:23,040 --> 06:19:24,520
She forgot her pitch.
7892
06:19:25,040 --> 06:19:27,920
Her pitch... wasn't even complete.
7893
06:19:28,440 --> 06:19:31,750
And again, she was faced
with the same situation as always.
7894
06:19:31,760 --> 06:19:33,430
She couldn't communicate.
7895
06:19:33,440 --> 06:19:35,280
Can we please have Talking Threads?
7896
06:19:42,840 --> 06:19:43,630
- Hello.
- Hello.
7897
06:19:43,640 --> 06:19:44,430
Hi.
7898
06:19:44,440 --> 06:19:47,470
How was the speed networking
challenge for you?
7899
06:19:47,480 --> 06:19:50,440
You know, every time we are not
in front of this panel,
7900
06:19:50,720 --> 06:19:52,710
and we are in front
of customers and others,
7901
06:19:52,720 --> 06:19:53,670
we do really well.
7902
06:19:53,680 --> 06:19:55,630
Somehow, when we come here...
7903
06:19:55,640 --> 06:19:57,070
- They were the top scorer.
- Top scorer.
7904
06:19:57,080 --> 06:19:57,950
We did well.
7905
06:19:57,960 --> 06:19:59,230
Congratulations on that.
7906
06:19:59,240 --> 06:20:00,830
- Hello, by the way.
- Yes.
7907
06:20:00,840 --> 06:20:02,680
- All the best today.
- Thank you so much.
7908
06:20:05,000 --> 06:20:09,360
Hi. Talking Threads is a bridal
and occasion-wear brand,
7909
06:20:10,600 --> 06:20:15,790
which is giving designer luxury
at a value-for-money pricing
7910
06:20:15,800 --> 06:20:18,120
to the aspirational
middle-class of India.
7911
06:20:18,280 --> 06:20:22,990
I want to transform what this can do
for the aspiring middle class of India.
7912
06:20:23,000 --> 06:20:28,280
I want to transform their
product-price-value equation.
7913
06:20:28,600 --> 06:20:32,510
20% population in India
aspire for couture,
7914
06:20:32,520 --> 06:20:33,950
for true luxury.
7915
06:20:33,960 --> 06:20:37,390
But their budget is discretionary,
as you said.
7916
06:20:37,400 --> 06:20:41,230
They want to spend someplace else,
or they don't have a budget at all.
7917
06:20:41,240 --> 06:20:42,750
They want to cover at least three
7918
06:20:42,760 --> 06:20:45,510
to four occasions between
₹1 lakh and ₹5 lakh.
7919
06:20:45,520 --> 06:20:49,400
My dream is to have 20-something
stores of Talking Threads,
7920
06:20:49,680 --> 06:20:51,840
which becomes a national brand,
7921
06:20:52,080 --> 06:20:53,720
where the consumer,
7922
06:20:53,880 --> 06:20:56,990
my target segment, knows
at the back of their mind,
7923
06:20:57,000 --> 06:20:59,350
that they'll get the
product of their aspiration
7924
06:20:59,360 --> 06:21:02,160
at Talking Threads at their price.
7925
06:21:02,720 --> 06:21:08,030
We are at Pitch to Get Rich to
get funds and create a network,
7926
06:21:08,040 --> 06:21:12,280
to define the next 18 months
of our business journey.
7927
06:21:12,520 --> 06:21:13,510
That's the thought.
7928
06:21:13,520 --> 06:21:16,510
There were multiple points
where we got mentorship,
7929
06:21:16,520 --> 06:21:19,630
which we feel is very difficult
to get in our age group.
7930
06:21:19,640 --> 06:21:24,190
When you appreciated
the product and the price,
7931
06:21:24,200 --> 06:21:26,830
it was a win-win for
my product and my consumer.
7932
06:21:26,840 --> 06:21:30,070
I was very nervous coming
in front of Manish. Right?
7933
06:21:30,080 --> 06:21:34,630
And the fact that he appreciated
the product multiple times...
7934
06:21:34,640 --> 06:21:36,440
The quality. The fact that he said,
7935
06:21:36,600 --> 06:21:37,830
"The pricing is amazing."
7936
06:21:37,840 --> 06:21:40,510
Then, Srishti,
the showstopper bride,
7937
06:21:40,520 --> 06:21:42,390
when she walked across
to the Angels,
7938
06:21:42,400 --> 06:21:44,510
I could see the change
in Darpan's eyes.
7939
06:21:44,520 --> 06:21:47,150
For me, we've had
very many winning moments.
7940
06:21:47,160 --> 06:21:50,390
And, as an entrepreneur,
I always learn from my failures,
7941
06:21:50,400 --> 06:21:52,520
but I always lean on my successes
7942
06:21:52,880 --> 06:21:54,230
to move forward.
7943
06:21:54,240 --> 06:21:56,550
So, I am here for
₹2 crore for 10%.
7944
06:21:56,560 --> 06:22:00,440
And hope you will invest in us and be
a part of this transformative journey.
7945
06:22:02,480 --> 06:22:03,320
Bad pitch.
7946
06:22:04,240 --> 06:22:05,710
But they will still get points.
7947
06:22:05,720 --> 06:22:08,110
They won't. Wait and watch. 100%.
7948
06:22:08,120 --> 06:22:09,120
I'll be honest.
7949
06:22:10,120 --> 06:22:13,640
We've had our fair share
of ups and downs.
7950
06:22:14,000 --> 06:22:16,320
Throughout our journey.
7951
06:22:17,240 --> 06:22:19,880
You may have overshot
your time today.
7952
06:22:20,280 --> 06:22:22,200
But I felt your pitch today
7953
06:22:22,800 --> 06:22:25,400
was probably the most heartfelt
that I've heard you talk.
7954
06:22:29,280 --> 06:22:30,110
But it was bad.
7955
06:22:30,120 --> 06:22:31,990
They are not interested in listening.
7956
06:22:32,000 --> 06:22:33,440
They didn't hear our pitch at all.
7957
06:22:33,720 --> 06:22:36,270
Several times, I've had
reservations with Talking Threads
7958
06:22:36,280 --> 06:22:40,680
because I feel sometimes they come
across a little too... heavy.
7959
06:22:42,600 --> 06:22:46,390
Very adamant, very heavy, that
"You must listen to what we're saying.
7960
06:22:46,400 --> 06:22:48,680
"You must see
what we are trying to show."
7961
06:22:50,920 --> 06:22:51,790
And I don't like that.
7962
06:22:51,800 --> 06:22:54,350
I don't like anyone telling me,
7963
06:22:54,360 --> 06:22:57,070
"This is how it is.
You must appreciate it."
7964
06:22:57,080 --> 06:22:59,240
- That's a learning too for you all.
- Yes.
7965
06:22:59,480 --> 06:23:01,760
I feel sometimes you need
to take little bit of a...
7966
06:23:02,160 --> 06:23:04,070
modest approach maybe.
That's what I feel.
7967
06:23:04,080 --> 06:23:07,920
Today was the first time I felt
that you pitched from your heart.
7968
06:23:09,080 --> 06:23:12,000
And I feel,
just going by that, from my side...
7969
06:23:12,200 --> 06:23:13,430
I was very unsure.
7970
06:23:13,440 --> 06:23:15,510
But after hearing that,
you will get my...
7971
06:23:15,520 --> 06:23:17,160
- Thank you, Malaika.
- Thank you, Malaika.
7972
06:23:17,600 --> 06:23:21,110
I would say, guys, your pitch
was good, except your time got over.
7973
06:23:21,120 --> 06:23:24,160
And a lot of the best part of your
pitch came after the time got over.
7974
06:23:25,520 --> 06:23:27,910
So, is it fair for me
to give the buzzer
7975
06:23:27,920 --> 06:23:30,600
by considering that
was after the time?
7976
06:23:34,440 --> 06:23:36,030
- It's a genuine approach.
- Yes.
7977
06:23:36,040 --> 06:23:38,120
There is no story whatsoever.
7978
06:23:40,680 --> 06:23:42,950
They didn't plan anything
and narrate it to us.
7979
06:23:42,960 --> 06:23:44,190
- They were talking from the heart.
- You know, Mr. Sanjay,
7980
06:23:44,200 --> 06:23:45,310
they did take a little more time.
7981
06:23:45,320 --> 06:23:48,000
Mr. Sanjay, you have sold me.
7982
06:23:48,360 --> 06:23:50,350
- Thank you.
- You're already on top of the board.
7983
06:23:50,360 --> 06:23:51,880
Even a couple of buzzers would...
7984
06:23:52,080 --> 06:23:53,590
- My buzzer won't make a difference.
- No, no, not necessarily
7985
06:23:53,600 --> 06:23:55,590
on top of the board.
No, no, these will count.
7986
06:23:55,600 --> 06:23:57,630
Actually, we need all six to
get on top of the board.
7987
06:23:57,640 --> 06:23:59,910
Remember, Dhruv,
their ask is ₹2 crore.
7988
06:23:59,920 --> 06:24:00,830
It's not a small ask.
7989
06:24:00,840 --> 06:24:03,190
And we have only ₹6.35 crore.
7990
06:24:03,200 --> 06:24:05,840
- Please, Dhruv.
- He needs all six to get to the top.
7991
06:24:06,560 --> 06:24:07,590
- Thank you.
- Good luck in the Board Room.
7992
06:24:07,600 --> 06:24:08,670
Today is your good day.
7993
06:24:08,680 --> 06:24:11,960
Let's give House of Pataudi
some more competition.
7994
06:24:12,360 --> 06:24:13,680
- I also...
- Thank you, sir.
7995
06:24:14,040 --> 06:24:14,910
Thank you.
7996
06:24:14,920 --> 06:24:15,960
Tell us, Manish.
7997
06:24:18,160 --> 06:24:19,150
I am waiting for you.
7998
06:24:19,160 --> 06:24:21,760
- Strategic last, Manish. Let's hear it.
- Mine will be last.
7999
06:24:22,040 --> 06:24:22,880
Okay.
8000
06:24:23,280 --> 06:24:24,150
- Now tell.
- Thank you, sir.
8001
06:24:24,160 --> 06:24:25,030
Thank you, Sanjay.
8002
06:24:25,040 --> 06:24:31,430
I think your strong point in
your pitch was that you clearly said
8003
06:24:31,440 --> 06:24:32,510
what your segment is.
8004
06:24:32,520 --> 06:24:34,120
And your segment
is for the middle class.
8005
06:24:35,880 --> 06:24:38,280
And you've never used that word
to date.
8006
06:24:38,680 --> 06:24:40,510
And that's a large segment.
8007
06:24:40,520 --> 06:24:42,120
In fact, the largest segment.
8008
06:24:42,280 --> 06:24:44,470
- Yes, sir.
- And so you have my buzzer, for sure.
8009
06:24:44,480 --> 06:24:45,150
Oh, wow!
8010
06:24:45,160 --> 06:24:47,360
Because I think
it's a very clear pitch.
8011
06:24:47,760 --> 06:24:50,280
And only based on this pitch,
you have my buzzer.
8012
06:24:50,680 --> 06:24:51,840
Thank you so much.
8013
06:24:52,120 --> 06:24:52,990
Appreciate it.
8014
06:24:53,000 --> 06:24:53,910
Thank you so much.
8015
06:24:53,920 --> 06:24:54,830
Well done, guys.
8016
06:24:54,840 --> 06:24:56,600
Now, let's look at the Pitch Table.
8017
06:24:58,600 --> 06:25:00,520
Wow!
8018
06:25:01,960 --> 06:25:03,950
- Thank you so much. Appreciate it.
- Thank you.
8019
06:25:03,960 --> 06:25:05,950
You got first Board Room access.
8020
06:25:05,960 --> 06:25:08,230
But, actually,
what a big twist in the tale.
8021
06:25:08,240 --> 06:25:09,030
Yeah, big dynamic.
8022
06:25:09,040 --> 06:25:10,590
How interesting is this?
8023
06:25:10,600 --> 06:25:13,640
Because everybody was expecting
Banana Club to be one.
8024
06:25:14,000 --> 06:25:15,160
They are on number three.
8025
06:25:15,320 --> 06:25:17,280
- DMOdot. Wow!
- Yes.
8026
06:25:23,200 --> 06:25:24,710
I don't know what's happening.
8027
06:25:24,720 --> 06:25:26,150
The buzzers are not
buzzing for the pitch.
8028
06:25:26,160 --> 06:25:28,630
It's become an individual choice.
8029
06:25:28,640 --> 06:25:31,680
When it's only two minutes,
I only talk about business.
8030
06:25:31,960 --> 06:25:36,630
I had made up my mind today, it didn't
matter how much extra time I'll take,
8031
06:25:36,640 --> 06:25:38,960
but I'll tell them
what I have to say.
8032
06:25:39,200 --> 06:25:40,710
They can penalise me if they want.
8033
06:25:40,720 --> 06:25:44,230
I don't know. Honestly, I thought
Pearl's pitch was slightly flatlined.
8034
06:25:44,240 --> 06:25:46,360
But the jury loved the pitch, apparently.
8035
06:25:46,520 --> 06:25:48,640
I mean, who am I?
8036
06:25:51,600 --> 06:25:54,400
There's money left for you guys.
What we are getting is a banana.
8037
06:25:55,280 --> 06:25:56,190
We are taking a banana.
8038
06:25:56,200 --> 06:25:57,710
But are you going to turn them down
in the Board Room?
8039
06:25:57,720 --> 06:25:59,990
- That we don't want it.
- These guys...
8040
06:26:00,000 --> 06:26:02,270
If they ask you to lower
the percentage, then lower it.
8041
06:26:02,280 --> 06:26:06,270
They don't talk about our ask
or in our favour.
8042
06:26:06,280 --> 06:26:09,790
Before we head forward
or do anything, should we thank Saif?
8043
06:26:09,800 --> 06:26:11,590
- Oh, thank you.
- Of course.
8044
06:26:11,600 --> 06:26:13,110
- Thanks, guys. So nice to meet you all.
- Thank you so much...
8045
06:26:13,120 --> 06:26:15,430
- Thank you.
- For being here. Being so honest.
8046
06:26:15,440 --> 06:26:17,360
- Thank you.
- Thank you.
8047
06:26:20,480 --> 06:26:22,590
For the first time, Malaika...
8048
06:26:22,600 --> 06:26:24,840
I am talking out
of personal experience.
8049
06:26:26,080 --> 06:26:27,720
She didn't even complete her pitch.
8050
06:26:28,920 --> 06:26:29,950
- Right.
- She also didn't.
8051
06:26:29,960 --> 06:26:31,990
You also didn't complete your pitch.
8052
06:26:32,000 --> 06:26:33,670
I completed my points.
8053
06:26:33,680 --> 06:26:34,750
You took a long time.
8054
06:26:34,760 --> 06:26:37,070
You took extra time,
even after two minutes.
8055
06:26:37,080 --> 06:26:38,310
Today is a soft day.
8056
06:26:38,320 --> 06:26:41,680
With us,
they were very hard and harsh.
8057
06:26:49,080 --> 06:26:50,950
We were pretty angry
and disappointed.
8058
06:26:50,960 --> 06:26:52,920
We were brooding.
8059
06:26:53,080 --> 06:26:55,430
We were sitting around
and then noticed
8060
06:26:55,440 --> 06:26:57,390
all the Angels were arriving.
8061
06:26:57,400 --> 06:27:00,320
That was the first time
all the Angels came to the prep room.
8062
06:27:00,480 --> 06:27:03,640
Why do you all look so intense?
You all look very intense.
8063
06:27:04,240 --> 06:27:05,160
Mr. Sanjay.
8064
06:27:05,400 --> 06:27:08,280
Let me tell you,
their anger is justified.
8065
06:27:09,240 --> 06:27:10,640
Look at the numbers up there.
8066
06:27:11,360 --> 06:27:12,800
₹6.35 crore.
8067
06:27:13,000 --> 06:27:15,200
At number one are our friends
from Talking Threads.
8068
06:27:15,360 --> 06:27:16,760
Their ask is ₹2 crore.
8069
06:27:17,240 --> 06:27:18,840
After that is DMOdot.
8070
06:27:19,000 --> 06:27:20,390
Their ask is ₹90 lakh.
8071
06:27:20,400 --> 06:27:22,270
The figures are
visible on their face.
8072
06:27:22,280 --> 06:27:25,480
But if these two get their ask,
8073
06:27:25,840 --> 06:27:28,920
then we'll be left
with ₹4.25 crore.
8074
06:27:29,440 --> 06:27:32,320
Banana Club's current valuation
is ₹300 crore.
8075
06:27:32,920 --> 06:27:35,200
You can either collaborate
with each other.
8076
06:27:36,080 --> 06:27:39,230
You can start strategising
who will take less money,
8077
06:27:39,240 --> 06:27:41,070
- and who this ₹6.35 crore--
- They are telling us to go home
8078
06:27:41,080 --> 06:27:42,270
while they are fleeing
with the money.
8079
06:27:42,280 --> 06:27:45,680
Or you can get competitive,
which is one man gets all.
8080
06:27:46,000 --> 06:27:48,710
Well, talking about strategising,
I would like to say something.
8081
06:27:48,720 --> 06:27:49,830
- Of course. Please.
- I think,
8082
06:27:49,840 --> 06:27:51,720
like he said, it's a good idea.
8083
06:27:52,400 --> 06:27:54,160
Collaborate. Strategise.
8084
06:27:54,640 --> 06:27:57,350
Figure out who, how...
8085
06:27:57,360 --> 06:27:59,240
I think it's a great way to do that.
8086
06:27:59,560 --> 06:28:04,280
But I also feel maybe
that's tough to do here.
8087
06:28:06,000 --> 06:28:06,840
Why?
8088
06:28:07,000 --> 06:28:10,400
I feel everybody needs
a little bit of a change of scene.
8089
06:28:11,880 --> 06:28:15,070
All of you look
so tense right now...
8090
06:28:15,080 --> 06:28:17,000
I am feeling bad.
8091
06:28:17,200 --> 06:28:21,080
And because I am feeling bad,
I've decided why not surprise you all.
8092
06:28:22,400 --> 06:28:26,920
Well, the lovely Dhruv has been
very-very gracious.
8093
06:28:29,640 --> 06:28:31,030
And he and his company...
8094
06:28:31,040 --> 06:28:34,320
The amazing company that
he has set up, 32ND.
8095
06:28:34,520 --> 06:28:35,870
They are going to be--
8096
06:28:35,880 --> 06:28:37,310
Well, we are taking you to Goa.
8097
06:28:37,320 --> 06:28:38,920
Whoa!
8098
06:28:40,120 --> 06:28:42,480
Well... that's not it.
8099
06:28:42,880 --> 06:28:44,310
You'll be travelling
on a private jet.
8100
06:28:44,320 --> 06:28:45,880
Wow!
8101
06:28:46,280 --> 06:28:49,310
The goal is for you guys to taste
the good life that's coming, right?
8102
06:28:49,320 --> 06:28:51,350
Our show is called Pitch To Get Rich.
8103
06:28:51,360 --> 06:28:54,590
So he said, why don't you all
actually live the high life.
8104
06:28:54,600 --> 06:28:57,070
And what does it
feel like to be rich?
8105
06:28:57,080 --> 06:28:59,400
Once these investments
come your way,
8106
06:28:59,760 --> 06:29:01,470
that's it.
So, you have him to thank.
8107
06:29:01,480 --> 06:29:02,920
- Mr. Sanjay.
- Yes.
8108
06:29:03,080 --> 06:29:04,560
Do you have anything to add?
8109
06:29:05,160 --> 06:29:07,070
You've performed many tasks
in your journey.
8110
06:29:07,080 --> 06:29:08,280
This was the only thing left.
8111
06:29:08,600 --> 06:29:12,080
Witness that life. Enjoy.
8112
06:29:12,280 --> 06:29:13,800
So, I am giving you guys
a private jet.
8113
06:29:14,160 --> 06:29:15,600
Oh...
8114
06:29:16,800 --> 06:29:19,160
So, DMOdot,
this is your boarding pass.
8115
06:29:19,400 --> 06:29:21,040
- Thank you so much.
- Happy journey.
8116
06:29:25,520 --> 06:29:28,400
This is the money left.
8117
06:29:30,000 --> 06:29:32,720
I believe you guys should plan
among yourselves.
8118
06:29:34,840 --> 06:29:36,200
Work it out.
8119
06:29:36,400 --> 06:29:40,560
But the important thing is not
what investment you will get.
8120
06:29:40,840 --> 06:29:43,070
It's also important
what we are going to get.
8121
06:29:43,080 --> 06:29:44,120
Absolutely.
8122
06:29:44,760 --> 06:29:46,000
- Money makes money.
- Yes.
8123
06:29:46,320 --> 06:29:49,510
So, if we want to make an investment,
we should also get proper returns.
8124
06:29:49,520 --> 06:29:50,790
- Absolutely.
- That makes sense.
8125
06:29:50,800 --> 06:29:53,640
Mr. Sanjay is saying it politely.
I would say...
8126
06:29:53,840 --> 06:29:55,440
There are two words in front of you.
8127
06:29:57,520 --> 06:29:59,320
Kill or Collaborate.
8128
06:30:01,920 --> 06:30:04,000
Enjoy Goa and decide
what you are going to do.
8129
06:30:04,320 --> 06:30:07,950
We thought it would be a stress
buster going there with friends.
8130
06:30:07,960 --> 06:30:09,670
We'll party out there,
8131
06:30:09,680 --> 06:30:12,230
chill and forget all our worries.
8132
06:30:12,240 --> 06:30:16,960
But they dropped this new aspect
that you kill or collaborate.
8133
06:30:17,200 --> 06:30:19,070
For me, it keeps me in a tight spot
8134
06:30:19,080 --> 06:30:22,430
because I am literally the last person
to be going into the Board Room.
8135
06:30:22,440 --> 06:30:24,870
But I do feel I've made
valuable friendships
8136
06:30:24,880 --> 06:30:27,920
and a valued community here.
8137
06:30:28,160 --> 06:30:30,550
And I can very well say
8138
06:30:30,560 --> 06:30:32,880
that I have a very good
relationship with all of them.
8139
06:30:33,160 --> 06:30:36,040
And I am pretty sure we will
collaborate rather than kill.
8140
06:30:36,200 --> 06:30:38,950
I can't kill.
I don't want to collaborate.
8141
06:30:38,960 --> 06:30:40,440
So this is not for me.
8142
06:32:23,960 --> 06:32:25,870
It's time for the last pitch.
8143
06:32:25,880 --> 06:32:28,550
The hero of today's pitch
will be the Pitch Table.
8144
06:32:28,560 --> 06:32:30,390
Essentially, a leaderboard.
8145
06:32:30,400 --> 06:32:34,360
The total points will decide
who will go the Board Room first.
8146
06:32:35,880 --> 06:32:39,480
to gain the first-mover advantage
on the remaining funds.
8147
06:32:40,680 --> 06:32:43,120
I think you're using
a marketing tool.
8148
06:32:43,600 --> 06:32:45,280
I don't think you're running an NGO.
8149
06:32:45,600 --> 06:32:47,230
So, seeing your body language today,
8150
06:32:47,240 --> 06:32:49,120
I've noticed nervousness
for the first time
8151
06:32:49,720 --> 06:32:52,510
After that walk, I have changed
my mind. I am voting for them.
8152
06:32:52,520 --> 06:32:54,560
Abhishek, you have evoked an emotion.
8153
06:32:54,920 --> 06:32:58,480
For the first time, I felt
that you pitched from your heart.
8154
06:32:58,920 --> 06:33:01,230
Actually, what an interesting
twist in the tale
8155
06:33:01,240 --> 06:33:03,590
because everybody expected
Banana Club to be number one.
8156
06:33:03,600 --> 06:33:06,040
But this isn't the end yet.
This is not the end.
8157
06:33:06,360 --> 06:33:08,280
Today is the grand finale!
8158
06:33:18,000 --> 06:33:19,710
Who got how much or missed out,
8159
06:33:19,720 --> 06:33:22,720
we'll find out at the grand finale.
8160
06:33:23,120 --> 06:33:24,670
Look, sales are not what matters.
8161
06:33:24,680 --> 06:33:26,270
Of course, it's the sale that matters.
8162
06:33:26,280 --> 06:33:28,480
But we were never on
that number, Abhishek.
8163
06:33:28,960 --> 06:33:32,470
And our intent today is
to make a deal with you.
8164
06:33:32,480 --> 06:33:34,280
Should I offer my closing deal?
8165
06:33:34,960 --> 06:33:36,200
We can't do it. We cannot do it.
8166
06:33:37,280 --> 06:33:38,390
I am on your side.
8167
06:33:38,400 --> 06:33:40,440
I want you to safeguard your equity.
8168
06:33:41,520 --> 06:33:42,560
Banana Labs.
8169
06:33:43,520 --> 06:33:45,040
Do we have a deal?
8170
06:33:59,720 --> 06:34:01,600
Pitch To Get Rich.
8171
06:34:03,400 --> 06:34:06,080
The final episode of
Pitch To Get Rich.
8172
06:34:06,360 --> 06:34:10,160
The final negotiations
and the grand finale.
8173
06:34:10,560 --> 06:34:14,470
The total ask of the companies
is ₹20.7 crore.
8174
06:34:14,480 --> 06:34:16,910
The amount left in the
Fashion Entrepreneur Fund
8175
06:34:16,920 --> 06:34:20,040
is ₹6.35 crore.
8176
06:34:20,320 --> 06:34:23,800
Like they say,
everything is fair in love, war
8177
06:34:23,920 --> 06:34:25,160
and business.
8178
06:34:25,360 --> 06:34:27,600
Five companies are still in the game.
8179
06:34:27,800 --> 06:34:30,360
And we sent the founders to Goa.
8180
06:34:30,720 --> 06:34:31,790
Which company
8181
06:34:31,800 --> 06:34:35,840
is thinking about equally
dividing the fund out of friendship?
8182
06:34:36,360 --> 06:34:39,480
And which companies will go
straight for the kill?
8183
06:34:39,800 --> 06:34:41,960
I am dying to find out. Aren't you?
8184
06:34:45,480 --> 06:34:48,480
- It's amazing.
- What a flight, man!
8185
06:34:52,280 --> 06:34:55,680
We've been in
"pitch-prep" mode for so long.
8186
06:34:55,680 --> 06:34:58,600
This is a getaway fun. Good fun.
8187
06:35:02,560 --> 06:35:05,670
It's a very cool experience for
everybody, travelling together to Goa
8188
06:35:05,680 --> 06:35:06,840
in a chartered plane.
8189
06:35:17,760 --> 06:35:19,310
I did imagine
8190
06:35:19,320 --> 06:35:21,200
I would fly in a chartered
flight at some point in life.
8191
06:35:21,400 --> 06:35:24,640
But never thought that dream
would come true so soon.
8192
06:35:27,240 --> 06:35:28,600
It's a surreal experience.
8193
06:35:28,960 --> 06:35:30,160
It's a dream for us.
8194
06:35:37,760 --> 06:35:38,950
As soon as we reached Goa,
8195
06:35:38,960 --> 06:35:42,080
we arrived at the
32ND Avenue's brunch.
8196
06:35:43,400 --> 06:35:45,240
Dhruv Sharma owns
a property out there.
8197
06:35:45,520 --> 06:35:47,320
He had set up lunch for us.
8198
06:35:53,120 --> 06:35:54,360
What a show they set up.
8199
06:35:56,600 --> 06:35:58,160
Wow!
8200
06:36:07,800 --> 06:36:09,960
Yes!
8201
06:36:24,120 --> 06:36:25,710
But, Kirti, how will you negotiate?
8202
06:36:25,720 --> 06:36:27,430
- You are going to the Board Room.
- What will be your first line?
8203
06:36:27,440 --> 06:36:28,310
What will you say?
8204
06:36:28,320 --> 06:36:30,270
Kirti is not a communicative person.
8205
06:36:30,280 --> 06:36:33,750
I was expecting that if she had
told me what was on her mind,
8206
06:36:33,760 --> 06:36:35,350
I might be able to help her.
8207
06:36:35,360 --> 06:36:36,520
Guys, come here!
8208
06:36:36,680 --> 06:36:38,310
We are the Angels. Convince us.
8209
06:36:38,320 --> 06:36:40,030
She talks less compared to others.
8210
06:36:40,040 --> 06:36:44,110
And we thought why don't we have
a Board Room session with her.
8211
06:36:44,120 --> 06:36:46,280
You know what, I am Darpan sir.
8212
06:36:46,640 --> 06:36:47,790
He's Dhruv sir.
8213
06:36:47,800 --> 06:36:49,080
She... looks like Malaika.
8214
06:36:50,200 --> 06:36:52,110
We thought we'd have a good time.
8215
06:36:52,120 --> 06:36:53,910
I felt slightly cornered.
8216
06:36:53,920 --> 06:36:55,950
I was like,
"I don't want to spoil this party."
8217
06:36:55,960 --> 06:36:59,480
I don't want to end this
on a bad note at any cost.
8218
06:36:59,800 --> 06:37:02,350
I have been building up
for at least a month.
8219
06:37:02,360 --> 06:37:04,510
And I want to save my energy
for the Board Room.
8220
06:37:04,520 --> 06:37:06,200
But she's a spoilsport, as you know.
8221
06:37:06,480 --> 06:37:09,750
So, in the end, she didn't
participate and turned it down.
8222
06:37:09,760 --> 06:37:14,590
Look, guys. For all my friends,
I am ready to make the sacrifice.
8223
06:37:14,600 --> 06:37:16,120
We have decided...
8224
06:37:16,520 --> 06:37:18,670
You know what, our ask is too big.
8225
06:37:18,680 --> 06:37:20,640
But we came to the show
for two things.
8226
06:37:20,880 --> 06:37:22,560
Fame, popularity...
8227
06:37:22,760 --> 06:37:25,270
We might get that from the show.
8228
06:37:25,280 --> 06:37:28,000
And we wanted money.
There's not much money left.
8229
06:37:28,240 --> 06:37:30,950
And you guys have become
such close friends of mine.
8230
06:37:30,960 --> 06:37:33,910
Suddenly, the thought on
everyone's mind was,
8231
06:37:33,920 --> 06:37:37,710
"We've to decide between
kill or collaborate."
8232
06:37:37,720 --> 06:37:39,590
The purpose for which
we were sent here.
8233
06:37:39,600 --> 06:37:41,150
0.5% is how much?
₹1.5 crore?
8234
06:37:41,160 --> 06:37:42,070
It's okay. We'll take you all.
8235
06:37:42,080 --> 06:37:43,150
- What?
- 0.5% is ₹1.5 crore?
8236
06:37:43,160 --> 06:37:46,630
₹1.5 crore, and then I think
₹2 crore...
8237
06:37:46,640 --> 06:37:49,710
-₹2 crore
- ...which makes it around ₹3.5 crore.
8238
06:37:49,720 --> 06:37:50,870
That makes it around ₹4.5 crore.
8239
06:37:50,880 --> 06:37:53,280
-₹6.50 crore.
-₹80 lakh.
8240
06:37:53,600 --> 06:37:54,470
₹7.50 crore.
8241
06:37:54,480 --> 06:37:58,110
He said Banana Club
will take 0.5%.
8242
06:37:58,120 --> 06:38:00,990
And if they do that,
their ask will reduce drastically.
8243
06:38:01,000 --> 06:38:04,390
Hence, there will be enough
for all the other founders...
8244
06:38:04,400 --> 06:38:08,040
Banana Club's ask is
more than the existing fund.
8245
06:38:08,560 --> 06:38:12,070
This equation won't
fit any other way.
8246
06:38:12,080 --> 06:38:14,390
Guys, I think the problem
is solved completely.
8247
06:38:14,400 --> 06:38:17,240
The guy in the hot seat
has solved it.
8248
06:38:17,400 --> 06:38:20,510
Also, Neel, that has been recorded
on camera, so we are all good.
8249
06:38:20,520 --> 06:38:22,950
- It is okay. We are ready for it.
- Yeah, it's okay.
8250
06:38:22,960 --> 06:38:24,790
That's why we are
telling it on camera.
8251
06:38:24,800 --> 06:38:28,910
He always talked about
his integrity and honesty.
8252
06:38:28,920 --> 06:38:31,400
And they always say that
they are the men of their word.
8253
06:38:31,560 --> 06:38:34,400
I think this is the moment
to test that out.
8254
06:38:37,600 --> 06:38:39,950
I don't think anybody
is going to be backstabbing.
8255
06:38:39,960 --> 06:38:43,150
They said this is what we intend to
do, because we care for all of you.
8256
06:38:43,160 --> 06:38:44,550
Neel said that.
8257
06:38:44,560 --> 06:38:45,840
Cheers!
8258
06:38:50,160 --> 06:38:55,880
Today are the final negotiations and
final investments of this money game.
8259
06:38:56,240 --> 06:38:59,400
The game is all about
first access to the Board Room.
8260
06:38:59,640 --> 06:39:03,160
And first in is Talking Threads,
who talk a lot,
8261
06:39:03,480 --> 06:39:06,280
who talked their way
to the top of the Pitch Table.
8262
06:39:06,680 --> 06:39:08,840
The amount is ₹6.35 crore.
8263
06:39:09,040 --> 06:39:11,120
The asks are for ₹20.7 crore.
8264
06:39:11,560 --> 06:39:12,880
Five companies.
8265
06:39:13,080 --> 06:39:14,600
How is this going to work?
8266
06:39:17,840 --> 06:39:20,030
Gentlemen, last and final.
8267
06:39:20,040 --> 06:39:22,760
We'll be meeting for
the last time in this Board Room.
8268
06:39:23,040 --> 06:39:25,190
Final negotiations will be underway.
8269
06:39:25,200 --> 06:39:27,270
It's going to be insane.
8270
06:39:27,280 --> 06:39:28,870
It's been an interesting
journey for everyone.
8271
06:39:28,880 --> 06:39:32,870
We learnt a few things and
made a few fantastic investments.
8272
06:39:32,880 --> 06:39:36,030
Where we actually...
You know, you felt a pulse.
8273
06:39:36,040 --> 06:39:38,070
We managed to actually
invest in all the brands
8274
06:39:38,080 --> 06:39:39,800
that are part of this show.
8275
06:39:40,040 --> 06:39:42,070
- I mean, till now.
- Over a period of time. Absolutely.
8276
06:39:42,080 --> 06:39:44,910
But, Manish, I don't know
whether we'll continue doing so,
8277
06:39:44,920 --> 06:39:48,160
because we're left with only
₹6.35 crore.
8278
06:39:49,160 --> 06:39:50,870
And what's the ask altogether?
8279
06:39:50,880 --> 06:39:51,910
₹20.7 crore.
8280
06:39:51,920 --> 06:39:53,720
I think the ask is around ₹20 crore.
8281
06:39:54,560 --> 06:39:56,150
But when I look at Banana Club,
8282
06:39:56,160 --> 06:39:58,280
I just wish we had
some more money left.
8283
06:39:58,440 --> 06:40:01,230
I wish they had come first
today into the Board Room.
8284
06:40:01,240 --> 06:40:03,550
According to our Pitch Table,
they are at number...
8285
06:40:03,560 --> 06:40:04,800
- Three.
- Three.
8286
06:40:05,640 --> 06:40:08,830
You know what, tell Gaurav
to take half. You take half.
8287
06:40:08,840 --> 06:40:11,470
Don't reduce my amount by half.
Mine is already...
8288
06:40:11,480 --> 06:40:13,960
Is he ready to do it?
Then why should we?
8289
06:40:15,560 --> 06:40:19,190
At the first conversation
in the room, Banana Club said,
8290
06:40:19,200 --> 06:40:20,990
"Forget whatever happened in Goa."
8291
06:40:21,000 --> 06:40:23,720
And we're like,
"Okay, what's going on?"
8292
06:40:25,600 --> 06:40:27,360
"We are very generous.
8293
06:40:28,680 --> 06:40:32,390
"We'll leave with only 0.5% equity."
8294
06:40:32,400 --> 06:40:34,030
I take my words back,
8295
06:40:34,040 --> 06:40:37,400
because they are
no longer gentlemen.
8296
06:40:38,040 --> 06:40:39,560
They didn't stick to their word.
8297
06:40:39,800 --> 06:40:42,280
If you had raised this
discussion at that time...
8298
06:40:42,440 --> 06:40:44,630
But, when you are in Goa...
8299
06:40:44,640 --> 06:40:47,070
And you are sulking
on a private jet...
8300
06:40:47,080 --> 06:40:49,670
We never said this first.
8301
06:40:49,680 --> 06:40:51,470
Yes, I think
you took the initiative.
8302
06:40:51,480 --> 06:40:54,910
I guess I didn't
want to spoil your mood.
8303
06:40:54,920 --> 06:40:55,870
I wanted all of you to enjoy in Goa.
8304
06:40:55,880 --> 06:40:58,840
We would have been happy
if our mood had been spoiled.
8305
06:41:01,600 --> 06:41:04,680
We are grown-ups.
It's a bit unethical.
8306
06:41:04,840 --> 06:41:07,400
I feel it talks a lot
about you as a person,
8307
06:41:07,600 --> 06:41:08,950
about you as a business.
8308
06:41:08,960 --> 06:41:11,520
But you guys should
all be cognizant of one thing.
8309
06:41:11,680 --> 06:41:14,040
What someone says after two drinks
8310
06:41:14,240 --> 06:41:16,160
- should not be deemed as a--
- It was pre-drinking.
8311
06:41:17,560 --> 06:41:19,590
Please rewind back, play it.
8312
06:41:19,600 --> 06:41:21,110
He wasn't drinking, and he said it.
8313
06:41:21,120 --> 06:41:23,270
But if he said it
just so that we don't feel bad,
8314
06:41:23,280 --> 06:41:24,800
that is a very manipulative move.
8315
06:41:25,080 --> 06:41:27,000
And it's not good, honestly.
8316
06:41:27,200 --> 06:41:28,430
We'll stick to the same plan.
8317
06:41:28,440 --> 06:41:29,720
He'll take his ask...
8318
06:41:29,880 --> 06:41:32,350
Everyone's here for the money,
and so are we on this show.
8319
06:41:32,360 --> 06:41:34,350
If the Angels tell us
to take it all,
8320
06:41:34,360 --> 06:41:36,920
we are not going to turn it down.
8321
06:41:38,040 --> 06:41:41,280
They started calling it
a mean statement.
8322
06:41:41,520 --> 06:41:42,790
You are very selfish and all that.
8323
06:41:42,800 --> 06:41:45,430
But everything is fair in love,
war and business.
8324
06:41:45,440 --> 06:41:47,520
Because in business,
you have to be selfish.
8325
06:41:47,640 --> 06:41:50,640
You can't mix business
with emotions.
8326
06:41:52,560 --> 06:41:53,510
Let's do this.
8327
06:41:53,520 --> 06:41:54,510
- Let's go.
- Let's do this.
8328
06:41:54,520 --> 06:41:55,470
Talking Threads.
8329
06:41:55,480 --> 06:41:57,040
Can we have Talking Threads, please?
8330
06:41:58,000 --> 06:42:00,150
In my opinion,
8331
06:42:00,160 --> 06:42:06,520
our ask is a very small ask.
8332
06:42:07,080 --> 06:42:12,790
And, if anybody believes in the value
we are creating for consumers,
8333
06:42:12,800 --> 06:42:14,350
which we believe FEF does,
8334
06:42:14,360 --> 06:42:17,640
then I think broadly
what we are asking
8335
06:42:18,200 --> 06:42:20,880
is something that
should be a cakewalk.
8336
06:42:22,480 --> 06:42:24,990
Well, you know you've
been in the Board Room once,
8337
06:42:25,000 --> 06:42:28,160
where unfortunately it didn't
really translate into an offer.
8338
06:42:29,920 --> 06:42:31,110
But I think, without further...
8339
06:42:31,120 --> 06:42:36,000
We've reached the stage where
it's time to make an offer.
8340
06:42:38,120 --> 06:42:40,070
Your ask was for ₹2 crore.
8341
06:42:40,080 --> 06:42:42,790
For a 10% dilution and
₹20 crore valuation.
8342
06:42:42,800 --> 06:42:45,360
But, Darpan, you said their valuation
of ₹20 crore is too high.
8343
06:42:45,560 --> 06:42:47,440
We've seen that their store
is making losses.
8344
06:42:49,760 --> 06:42:53,000
Their revenue is at a current
rate of ₹3.5 crore this year.
8345
06:42:54,200 --> 06:42:55,920
Looking at the numbers,
8346
06:42:56,240 --> 06:42:58,990
we've not been able to
come anywhere close to your ask.
8347
06:42:59,000 --> 06:43:02,200
I think we are at a contribution
margin positive despite the store.
8348
06:43:04,960 --> 06:43:06,230
We did our first magazine cover
8349
06:43:06,240 --> 06:43:07,350
- with Manushi yesterday.
- Right.
8350
06:43:07,360 --> 06:43:11,670
We are getting over 1.2 million
Google impressions a month.
8351
06:43:11,680 --> 06:43:13,990
Actually,
Manish, it's problematic to me
8352
06:43:14,000 --> 06:43:15,670
- if you have so much traffic...
- See, what matters is the sale.
8353
06:43:15,680 --> 06:43:17,710
If you have so much traffic,
your product isn't selling.
8354
06:43:17,720 --> 06:43:19,150
- All of this makes sense.
- I'll tell you what, Dhruv.
8355
06:43:19,160 --> 06:43:22,790
- But it is not converting to sales.
- I am telling you again.
8356
06:43:22,800 --> 06:43:25,550
Can you talk one at a time?
I'll answer each one.
8357
06:43:25,560 --> 06:43:28,150
But if all four speak together,
then it's not negotiation.
8358
06:43:28,160 --> 06:43:30,070
- I appreciate that.
- Sale is what matters.
8359
06:43:30,080 --> 06:43:32,560
I am saying this again.
Sale is not what matters.
8360
06:43:32,720 --> 06:43:34,480
Of course, it's sale that matters.
8361
06:43:36,360 --> 06:43:38,920
According to us,
your valuation is...
8362
06:43:40,240 --> 06:43:42,520
₹7.5 crore.
8363
06:43:42,720 --> 06:43:46,720
And at 20%, we're looking
at investing ₹1.5 crore.
8364
06:43:56,920 --> 06:43:59,360
I won't let you on my board for 7.5.
8365
06:44:04,120 --> 06:44:07,320
- That is your...
- That's a non-existent discussion.
8366
06:44:07,680 --> 06:44:11,440
They... they...
8367
06:44:13,800 --> 06:44:16,070
Pitched a ridiculous
valuation before us.
8368
06:44:16,080 --> 06:44:18,550
Gaurav was fighting
for the words, but...
8369
06:44:18,560 --> 06:44:20,310
I was trying to be polite, actually.
8370
06:44:20,320 --> 06:44:21,950
It's a good thing
Pearl said something.
8371
06:44:21,960 --> 06:44:23,510
I used a very polite words.
8372
06:44:23,520 --> 06:44:25,880
At the end of the day,
if you don't value the founders,
8373
06:44:26,280 --> 06:44:28,440
there is no deal to be had.
8374
06:44:32,560 --> 06:44:34,560
I have put in ₹3 crore
in this business.
8375
06:44:34,920 --> 06:44:37,790
If you want to come in
and put in ₹1.5 crore
8376
06:44:37,800 --> 06:44:40,030
and say that you want
a significant part of my business
8377
06:44:40,040 --> 06:44:43,880
at a negligible valuation compared
to what I have quoted...
8378
06:44:44,160 --> 06:44:45,680
During this period,
when we were here.
8379
06:44:45,880 --> 06:44:48,070
We just turned down an offer
for half a million dollars.
8380
06:44:48,080 --> 06:44:48,910
Yes.
8381
06:44:48,920 --> 06:44:50,590
- Right.
- Because we value the platform.
8382
06:44:50,600 --> 06:44:52,590
In the first pitch
that we came here,
8383
06:44:52,600 --> 06:44:54,360
we didn't say that
we are here for your money.
8384
06:44:54,680 --> 06:44:56,600
We said we're here
to get your on our board.
8385
06:44:56,840 --> 06:44:59,520
The amount of money
I've asked you for I can put in myself.
8386
06:45:00,720 --> 06:45:02,870
- Gaurav, what was that offer?
- Even that was for 20%.
8387
06:45:02,880 --> 06:45:04,720
- Half a million for 20%.
- Yes.
8388
06:45:05,400 --> 06:45:06,840
Pearl and Gaurav.
8389
06:45:07,800 --> 06:45:10,350
The disconnect is, since
the first store is unprofitable,
8390
06:45:10,360 --> 06:45:11,640
whatever the reasons are,
8391
06:45:11,960 --> 06:45:14,720
we see a distance at the valuation.
8392
06:45:16,040 --> 06:45:18,000
I've tried to come up
with a solution here.
8393
06:45:19,280 --> 06:45:20,800
We do this as a convertible,
8394
06:45:21,000 --> 06:45:22,230
linked to your next round.
8395
06:45:22,240 --> 06:45:23,560
Next six month, you raise.
8396
06:45:23,880 --> 06:45:25,800
We come in with ₹1.8 crore.
8397
06:45:28,400 --> 06:45:30,830
And what is the general
discounting structure
8398
06:45:30,840 --> 06:45:31,910
- that you are looking at?
- Very simple.
8399
06:45:31,920 --> 06:45:32,830
20% discount
8400
06:45:32,840 --> 06:45:35,030
- at ₹1.8 crore to the next round.
- Flat.
8401
06:45:35,040 --> 06:45:37,070
- There's a six-month timeline.
- It's a six-month timeline.
8402
06:45:37,080 --> 06:45:38,680
We'll do a flat 12--
8403
06:45:39,120 --> 06:45:40,750
Flat 12 doesn't make sense, Gaurav.
8404
06:45:40,760 --> 06:45:42,190
Think of the timeline
you're at right now.
8405
06:45:42,200 --> 06:45:44,950
- The growth curve that you are at.
- I just spent two months over here.
8406
06:45:44,960 --> 06:45:48,270
I spent literally two months
over here.
8407
06:45:48,280 --> 06:45:50,750
Dhruv. Dhruv.
Dhruv. Dhruv. 12 months, fair.
8408
06:45:50,760 --> 06:45:53,200
- Twelve months is fair.
- I think, Gaurav, let's go for 12.
8409
06:45:53,880 --> 06:45:55,350
I am going to reiterate
the offer here.
8410
06:45:55,360 --> 06:45:57,440
We're offering an investment
of ₹1.80 crore.
8411
06:45:58,840 --> 06:46:02,160
We won't set a valuation
for your company right now.
8412
06:46:02,320 --> 06:46:05,710
In the next 12 months,
you'll raise additional capital.
8413
06:46:05,720 --> 06:46:07,470
When that happens,
8414
06:46:07,480 --> 06:46:13,070
our investment will
convert at a 20% discount...
8415
06:46:13,080 --> 06:46:14,720
Gaurav and Pearl, do we have a deal?
8416
06:46:16,920 --> 06:46:19,030
I think it has an upside
and a downside.
8417
06:46:19,040 --> 06:46:20,600
- I think it's fair to both parties.
- Like-Like.
8418
06:46:20,840 --> 06:46:22,560
- Like-Like.
- Gaurav, Pearl.
8419
06:46:22,800 --> 06:46:24,960
- Congratulations, guys.
- Congratulations.
8420
06:46:25,280 --> 06:46:26,720
- Congratulations.
- Pleasure, sir.
8421
06:46:27,040 --> 06:46:30,470
It's a reasonable offer. It favours us
a little bit, and I like that.
8422
06:46:30,480 --> 06:46:34,160
And we're glad to welcome FEF
on our board at these terms.
8423
06:46:46,040 --> 06:46:46,870
₹1 crore.
8424
06:46:46,880 --> 06:46:47,870
They got ₹1 crore.
8425
06:46:47,880 --> 06:46:49,310
It's much more.
They got ₹1.5 crore.
8426
06:46:49,320 --> 06:46:50,520
It was ₹6.35 on the board.
8427
06:46:51,080 --> 06:46:52,880
He got more than ₹1.5 crore.
8428
06:46:53,120 --> 06:46:53,870
₹1.80.
8429
06:46:53,880 --> 06:46:56,120
- It was ₹6.35.
- You won't get it for less than ₹2 crore.
8430
06:46:56,400 --> 06:46:57,750
- 1.80.
- They got 1.80.
8431
06:46:57,760 --> 06:46:59,390
And they asked for ₹2 crore.
8432
06:46:59,400 --> 06:47:00,560
They got almost all of it.
8433
06:47:03,280 --> 06:47:04,560
Why are you crying?
8434
06:47:04,880 --> 06:47:06,110
There isn't going
to be anything left.
8435
06:47:06,120 --> 06:47:07,230
We should be the ones crying.
8436
06:47:07,240 --> 06:47:08,400
Dear God.
8437
06:47:09,200 --> 06:47:12,320
Only ₹4.55 crore
is left in the fund now.
8438
06:47:12,560 --> 06:47:15,430
And we are... four brands.
8439
06:47:15,440 --> 06:47:18,790
It's not a good situation to be in
because we all have bigger asks.
8440
06:47:18,800 --> 06:47:20,040
A neck-to-neck fight.
8441
06:47:20,200 --> 06:47:21,190
It's a neck-to-neck fight, yeah.
8442
06:47:21,200 --> 06:47:24,430
Actually, Neel, if your valuation
doesn't fit, will you walk out?
8443
06:47:24,440 --> 06:47:26,080
Thank you for calling us here.
8444
06:47:26,560 --> 06:47:27,920
Give our brain...
8445
06:47:28,120 --> 06:47:29,760
Giving our brand a lot of faith.
8446
06:47:29,920 --> 06:47:30,870
We are so happy.
8447
06:47:30,880 --> 06:47:33,830
And for three square meals
and taking good care of us.
8448
06:47:33,840 --> 06:47:36,390
That's all.
We also made some good friends.
8449
06:47:36,400 --> 06:47:37,950
- Thank you so much.
- But we will not go for it.
8450
06:47:37,960 --> 06:47:39,030
That's for sure.
8451
06:47:39,040 --> 06:47:40,310
We could have accepted
the offer the first time.
8452
06:47:40,320 --> 06:47:41,390
- They gave us a good valuation.
- Exactly.
8453
06:47:41,400 --> 06:47:43,080
-₹150 crore.
-₹150 crore.
8454
06:47:44,560 --> 06:47:46,310
So, guys, to date,
8455
06:47:46,320 --> 06:47:48,640
it has been about
what the founders wanted.
8456
06:47:48,880 --> 06:47:51,840
But now, when we have
only ₹4.5 crore left,
8457
06:47:52,000 --> 06:47:55,030
it's about what we want.
It's not enough for what we want.
8458
06:47:55,040 --> 06:47:56,230
As investors,
8459
06:47:56,240 --> 06:47:57,790
- we are not getting any benefit.
- Yes.
8460
06:47:57,800 --> 06:47:58,950
There is no benefit.
8461
06:47:58,960 --> 06:48:01,390
If we give ₹3 crore
to Banana Club,
8462
06:48:01,400 --> 06:48:02,950
what percentage of
the company will we get?
8463
06:48:02,960 --> 06:48:04,510
- Only 1.5%.
- There is no point in making an offer.
8464
06:48:04,520 --> 06:48:06,630
- I don't think they will take it.
- They will not take it.
8465
06:48:06,640 --> 06:48:08,590
And we will miss out
on the opportunity.
8466
06:48:08,600 --> 06:48:13,480
I mean Akshay Kumar,
the owner of Raymond, Mr. Singhania...
8467
06:48:13,680 --> 06:48:17,270
They all said they want
to invest in Banana Club.
8468
06:48:17,280 --> 06:48:19,550
Maybe that's what
we'll tell Sanjay Nigam
8469
06:48:19,560 --> 06:48:20,750
and request Sanjay.
8470
06:48:20,760 --> 06:48:23,430
I think he will hear us out
and do something.
8471
06:48:23,440 --> 06:48:26,270
I am very clear. I want
more equity in the Banana Club.
8472
06:48:26,280 --> 06:48:29,040
And the only person who can
make that happen is Mr. Sanjay Nigam.
8473
06:48:29,200 --> 06:48:31,470
All right, tell me this.
If he takes ₹90 lakh...
8474
06:48:31,480 --> 06:48:32,720
- Hmm
- Okay.
8475
06:48:32,880 --> 06:48:34,510
...and we have ₹3.65 crore left,
8476
06:48:34,520 --> 06:48:38,070
and if we ask for whatever is left
and let's close this percentage,
8477
06:48:38,080 --> 06:48:40,040
if there is nothing left,
what are they going to do?
8478
06:48:43,360 --> 06:48:44,150
Hi.
8479
06:48:44,160 --> 06:48:45,070
- Welcome.
- Sanjay.
8480
06:48:45,080 --> 06:48:47,310
- Hello. Hello.
- Hello.
8481
06:48:47,320 --> 06:48:49,870
Mr. Sanjay, before getting
into the serious discussion...
8482
06:48:49,880 --> 06:48:51,720
- Yes.
- ...I'd like to tell you something.
8483
06:48:51,880 --> 06:48:56,040
Seven years ago,
when I started MyGlamm...
8484
06:48:56,280 --> 06:48:57,920
MyGlamm was only a month old,
8485
06:48:58,120 --> 06:49:00,910
and my revenue was around
₹5 lakh or something.
8486
06:49:00,920 --> 06:49:04,350
And I went to a person with a dream.
8487
06:49:04,360 --> 06:49:05,880
My business was only a month old.
8488
06:49:06,040 --> 06:49:08,520
And I said I want
to partner with you.
8489
06:49:08,680 --> 06:49:12,840
I was a nobody, the company was
new and that man gave me a chance.
8490
06:49:13,000 --> 06:49:15,950
He believed in me,
and he partnered with me.
8491
06:49:15,960 --> 06:49:18,680
That man is none other than
Mr. Manish Malhotra right here.
8492
06:49:18,840 --> 06:49:21,470
- Manish, I have to say--
- Really?
8493
06:49:21,480 --> 06:49:23,190
I didn't know about this dynamic.
8494
06:49:23,200 --> 06:49:25,030
Thank you so much,
Manish, for what you did.
8495
06:49:25,040 --> 06:49:26,390
- Are you serious?
- Are you serious?
8496
06:49:26,400 --> 06:49:28,990
This is the biggest plot twist
I have seen.
8497
06:49:29,000 --> 06:49:29,870
This is the story.
8498
06:49:29,880 --> 06:49:32,990
That's exactly what you are doing
with the Fashion Entrepreneur Fund.
8499
06:49:33,000 --> 06:49:36,400
These entrepreneurs are coming
here with dreams in their eyes.
8500
06:49:36,560 --> 06:49:39,270
Some are young companies.
Some are bigger companies.
8501
06:49:39,280 --> 06:49:41,590
The only request, from all of us is
8502
06:49:41,600 --> 06:49:44,110
there are some great companies
yet to come in the Board Room.
8503
06:49:44,120 --> 06:49:45,870
We still have four
more companies left.
8504
06:49:45,880 --> 06:49:48,000
We don't have enough funds.
8505
06:49:48,760 --> 06:49:51,880
Their total ask is around
₹18.5 crore.
8506
06:49:52,040 --> 06:49:53,510
And how much do we have left?
8507
06:49:53,520 --> 06:49:54,510
₹4.5 crore.
8508
06:49:54,520 --> 06:49:55,920
-₹4.5 crore.
- Darpan,
8509
06:49:56,240 --> 06:49:57,400
your pitch is really good.
8510
06:49:58,480 --> 06:50:00,680
Ultimately, money makes money.
8511
06:50:07,360 --> 06:50:10,550
Actually, I am not okay with it
if I don't get a chance...
8512
06:50:10,560 --> 06:50:12,950
In the sustainable challenge,
they said it themselves...
8513
06:50:12,960 --> 06:50:16,430
I think Banana Club, you as a company,
are not sustainable at all.
8514
06:50:16,440 --> 06:50:18,230
So, Kiki today has
really complimented
8515
06:50:18,240 --> 06:50:19,750
and, in many ways, saved you.
8516
06:50:19,760 --> 06:50:22,710
I am almost at the buzzer,
but I would like to hold back.
8517
06:50:22,720 --> 06:50:24,110
I was just not okay
8518
06:50:24,120 --> 06:50:26,360
because if there is no fund left,
8519
06:50:26,840 --> 06:50:30,550
then I won't get the chance
to negotiate for anything.
8520
06:50:30,560 --> 06:50:32,910
She always brings
back every conversation
8521
06:50:32,920 --> 06:50:35,350
to the sustainability challenge.
8522
06:50:35,360 --> 06:50:37,200
And how she did not
get a chance because of us.
8523
06:50:39,800 --> 06:50:43,310
We heard this a few times before
but ignored it.
8524
06:50:43,320 --> 06:50:44,990
But when she continuously--
8525
06:50:45,000 --> 06:50:48,910
She would bring this up in
any discussion that we are having.
8526
06:50:48,920 --> 06:50:53,470
We thought since it's the last day,
we must explain to her.
8527
06:50:53,480 --> 06:50:54,910
Do you know
what collaboration means?
8528
06:50:54,920 --> 06:50:56,550
What is the meaning
of a collaboration?
8529
06:50:56,560 --> 06:50:59,160
- Collaboration means team.
- It's a team.
8530
06:51:00,720 --> 06:51:02,150
You cannot blame your team.
8531
06:51:02,160 --> 06:51:04,550
You take the credit
when you do a good job
8532
06:51:04,560 --> 06:51:06,480
and blame them for something bad.
8533
06:51:08,240 --> 06:51:10,150
If you wanted
to enter the Board Room,
8534
06:51:10,160 --> 06:51:14,590
you had six prior episodes
to prove yourself.
8535
06:51:14,600 --> 06:51:17,550
You are not making the world a better
place with what you are making.
8536
06:51:17,560 --> 06:51:18,870
You are making it just as worse.
8537
06:51:18,880 --> 06:51:21,230
It's just that we don't claim
we are honest, and you do.
8538
06:51:21,240 --> 06:51:22,480
That's it. That's the difference.
8539
06:51:22,640 --> 06:51:25,510
Neel, the discussion
we are having right now is
8540
06:51:25,520 --> 06:51:27,430
whatever we are
making is sustainable.
8541
06:51:27,440 --> 06:51:29,710
You are not sustainable.
You are not.
8542
06:51:29,720 --> 06:51:31,350
You are just claiming it
in front of the public.
8543
06:51:31,360 --> 06:51:32,640
- That's it. You are not.
- Like how.
8544
06:51:34,120 --> 06:51:36,240
You feel the judges are fake.
8545
06:51:36,600 --> 06:51:38,310
You feel every guy is fake.
8546
06:51:38,320 --> 06:51:41,000
You feel my project
and my brand are fake.
8547
06:51:41,880 --> 06:51:42,990
Kiki told Banana Club...
8548
06:51:43,000 --> 06:51:44,550
That you feel the judges are fake.
8549
06:51:44,560 --> 06:51:46,590
I've never seen this side
of Kiki before.
8550
06:51:46,600 --> 06:51:48,030
Let's call Banana Club up on this.
8551
06:51:48,040 --> 06:51:50,350
We are fighting for their company
8552
06:51:50,360 --> 06:51:52,750
and requesting Sanjay for more money.
8553
06:51:52,760 --> 06:51:54,230
And they think we are fake.
8554
06:51:54,240 --> 06:51:55,510
We've got to ask them.
8555
06:51:55,520 --> 06:51:56,910
Let's not waste any more time.
8556
06:51:56,920 --> 06:51:59,870
Guys, our final
negotiations with DMOdot.
8557
06:51:59,880 --> 06:52:01,120
Can we have him, please?
8558
06:52:02,840 --> 06:52:04,990
The first time I went
to negotiate with them,
8559
06:52:05,000 --> 06:52:09,270
they said they were looking
at around 30% of my company.
8560
06:52:09,280 --> 06:52:10,550
So the only thing on my mind is
8561
06:52:10,560 --> 06:52:12,950
I make a deal for 15%
at ₹90 lakh.
8562
06:52:12,960 --> 06:52:14,870
And, if they feel 15% is too low,
8563
06:52:14,880 --> 06:52:17,280
I am ready to negotiate 30% as well
8564
06:52:17,440 --> 06:52:18,470
if I get more money.
8565
06:52:18,480 --> 06:52:20,550
Abhishek, you have an unfair
advantage in your room.
8566
06:52:20,560 --> 06:52:21,430
Yeah?
8567
06:52:21,440 --> 06:52:24,120
There is somebody who has
a soft corner for you in this room.
8568
06:52:24,480 --> 06:52:26,440
- And...
- My point is...
8569
06:52:28,680 --> 06:52:30,230
I know this act.
8570
06:52:30,240 --> 06:52:33,160
Now my secret is out
of the bag now.
8571
06:52:33,360 --> 06:52:34,480
Come on.
8572
06:52:34,760 --> 06:52:36,680
Abhishek, I had a question for you,
8573
06:52:36,840 --> 06:52:41,040
which was what are you going
to do when you get the investment.
8574
06:52:41,560 --> 06:52:43,790
We were an online channel to date.
8575
06:52:43,800 --> 06:52:46,190
So this year, in February,
we opened our first store.
8576
06:52:46,200 --> 06:52:49,030
Currently, I stand
at a 50-50 revenue split
8577
06:52:49,040 --> 06:52:50,190
from store and online.
8578
06:52:50,200 --> 06:52:51,350
- Just one store?
- From just one store.
8579
06:52:51,360 --> 06:52:52,750
Planning is for two stores.
8580
06:52:52,760 --> 06:52:55,470
I am thinking of
opening one in Gurgaon,
8581
06:52:55,480 --> 06:52:57,870
then I will open up
the second store in Mumbai.
8582
06:52:57,880 --> 06:52:59,910
And I think he should
start with women's shoes.
8583
06:52:59,920 --> 06:53:01,310
- He already has a model.
- Definitely.
8584
06:53:01,320 --> 06:53:03,590
Yeah. We have a...
8585
06:53:03,600 --> 06:53:05,360
Malaika and I were talking.
8586
06:53:05,560 --> 06:53:06,950
Let's close this deal first,
8587
06:53:06,960 --> 06:53:10,520
and then Malaika will make
an amazing brand ambassador.
8588
06:53:10,800 --> 06:53:12,880
Lovely. I would love to.
8589
06:53:13,200 --> 06:53:14,590
How many deals are we making here?
8590
06:53:14,600 --> 06:53:17,270
- We'll work on a sweat equity.
- Definitely.
8591
06:53:17,280 --> 06:53:18,590
I'll sweeten the offer then.
8592
06:53:18,600 --> 06:53:21,320
I'll give you a space
at 32ND Avenue for a year
8593
06:53:21,520 --> 06:53:22,910
on a revenue-share basis.
8594
06:53:22,920 --> 06:53:24,510
- That's in Gurgaon.
- Yes, in Gurgaon.
8595
06:53:24,520 --> 06:53:26,110
So, what will be his valuation now?
8596
06:53:26,120 --> 06:53:27,950
What is your ask today?
8597
06:53:27,960 --> 06:53:30,230
I am still asking for
₹90 lakh for 15%.
8598
06:53:30,240 --> 06:53:31,950
Haven't you thought
about any other offer?
8599
06:53:31,960 --> 06:53:33,230
Yes, I have.
8600
06:53:33,240 --> 06:53:37,190
What I gauged from the first
Board Room meeting that we had
8601
06:53:37,200 --> 06:53:42,240
is that 30% is what the Angels
are looking for in my company.
8602
06:53:43,200 --> 06:53:46,440
I don't have a problem
giving out 30% of my company.
8603
06:53:46,880 --> 06:53:49,390
But I feel that
if I am giving a higher percentage,
8604
06:53:49,400 --> 06:53:51,550
I should get more money.
8605
06:53:51,560 --> 06:53:52,910
How much?
8606
06:53:52,920 --> 06:53:54,870
If I stick to my ask,
that is ₹6 crore,
8607
06:53:54,880 --> 06:53:56,800
then I should be asking
for ₹1.80 crore.
8608
06:53:57,160 --> 06:53:59,400
But we were never on
that number, Abhishek.
8609
06:54:00,880 --> 06:54:04,920
And our intent today
is to strike a deal with you.
8610
06:54:06,760 --> 06:54:09,590
Abhishek, can we have
just one minute to discuss?
8611
06:54:09,600 --> 06:54:11,600
Because, for this 30%
you are offering,
8612
06:54:11,760 --> 06:54:13,950
we'll have to just understand
what best we can present.
8613
06:54:13,960 --> 06:54:15,000
Absolutely.
8614
06:54:15,800 --> 06:54:18,310
Those numbers
are running in my mind,
8615
06:54:18,320 --> 06:54:20,840
just like the Pitch To Get Rich's
meter is ticking.
8616
06:54:21,040 --> 06:54:23,350
Will they offer me ₹1.1 crore
or ₹1.2 crore?
8617
06:54:23,360 --> 06:54:25,190
Or maybe ₹1.4 or ₹1.6 crore?
8618
06:54:25,200 --> 06:54:26,560
Or will they give me
the entire ₹1.8 crore?
8619
06:54:40,480 --> 06:54:42,080
Something good happened today.
8620
06:54:42,400 --> 06:54:45,880
For the first time, we got
to see what you guys talk about.
8621
06:54:50,160 --> 06:54:53,760
And as Love, Kiki was saying,
8622
06:54:54,160 --> 06:54:57,960
you feel that the judges are fake.
8623
06:55:04,560 --> 06:55:07,200
No, that's not how it was.
That conversation was...
8624
06:55:08,480 --> 06:55:10,630
- I was pretty upset on hearing that.
- No...
8625
06:55:10,640 --> 06:55:13,360
Not upset.
I think we were all shocked.
8626
06:55:16,560 --> 06:55:18,390
Maybe it was our bad luck
8627
06:55:18,400 --> 06:55:21,950
that the Angels were watching the
clip of the money drop at that moment.
8628
06:55:21,960 --> 06:55:24,840
And they saw that
heated conversation.
8629
06:55:26,440 --> 06:55:27,480
We were taken aback.
8630
06:55:29,120 --> 06:55:31,920
But I want to understand
what does fake mean in all of this?
8631
06:55:34,000 --> 06:55:38,630
Sir, when we collaborated
for the sustainability challenge,
8632
06:55:38,640 --> 06:55:43,550
Love, Kiki was cribbing that
"I couldn't enter the Board Room
8633
06:55:43,560 --> 06:55:44,800
"because of you people."
8634
06:55:46,160 --> 06:55:49,200
And we said,
if you collaborate with a team,
8635
06:55:49,520 --> 06:55:53,350
when you do good,
you should take part equally.
8636
06:55:53,360 --> 06:55:56,030
- Fair.
- And if you do bad,
8637
06:55:56,040 --> 06:55:58,030
then you cannot blame the team.
8638
06:55:58,040 --> 06:56:00,550
- That's right.
- I never mentioned you were fake.
8639
06:56:00,560 --> 06:56:02,150
But she thinks I said it.
8640
06:56:02,160 --> 06:56:05,150
But I never said this. We never
mentioned that you guys are fake.
8641
06:56:05,160 --> 06:56:06,640
- We never mentioned.
- With that...
8642
06:56:07,240 --> 06:56:10,510
- I am really sorry for that.
- No, no, no need for a sorry.
8643
06:56:10,520 --> 06:56:14,400
I want to ask. Previously,
your ask was for ₹300 crore.
8644
06:56:14,560 --> 06:56:17,030
Is there any more slightly
more reasonable ask
8645
06:56:17,040 --> 06:56:20,560
which you can present to us
on the valuation front?
8646
06:56:22,600 --> 06:56:24,350
We would have loved
to have 10% of your company
8647
06:56:24,360 --> 06:56:25,270
- Correct.
- Right.
8648
06:56:25,280 --> 06:56:27,560
But we understand that
would be slightly out of reach.
8649
06:56:30,840 --> 06:56:32,840
We want a minimum of 5%.
8650
06:56:34,480 --> 06:56:36,320
How do we take it ahead?
You tell us.
8651
06:56:41,800 --> 06:56:43,600
Speak up, Prashanth.
Your eyes are expressing something.
8652
06:56:43,880 --> 06:56:46,230
Should I offer
my final closing deal?
8653
06:56:46,240 --> 06:56:47,150
Go ahead.
8654
06:56:47,160 --> 06:56:48,470
Sir, ₹13 crore we'll take.
8655
06:56:48,480 --> 06:56:50,320
We can't do ₹13 crore.
8656
06:56:53,760 --> 06:56:55,790
We love and believe
in Banana Club.
8657
06:56:55,800 --> 06:56:58,390
Together,
you told me in your previous pitch
8658
06:56:58,400 --> 06:56:59,870
that you would take it
to ₹3,000 crore.
8659
06:56:59,880 --> 06:57:02,560
- Sir, we will really do it.
- We can't do ₹13 crore.
8660
06:57:03,040 --> 06:57:04,240
We can't do it. We cannot do it.
8661
06:57:09,520 --> 06:57:12,950
I was a little intimidated
because I am not experienced.
8662
06:57:12,960 --> 06:57:15,710
I haven't entered
the Board Room even once.
8663
06:57:15,720 --> 06:57:18,470
So, I didn't know
what questions they'd ask.
8664
06:57:18,480 --> 06:57:22,160
But I knew one thing. I have
always fought for me and my brand.
8665
06:57:22,320 --> 06:57:24,280
And I'll handle this as well.
8666
06:57:25,160 --> 06:57:27,160
So, what is the valuation
of your brand?
8667
06:57:27,880 --> 06:57:28,960
₹4 crore, sir.
8668
06:57:29,160 --> 06:57:30,240
₹4 crore?
8669
06:57:30,400 --> 06:57:32,360
Kirti, what was
your revenue last year?
8670
06:57:32,560 --> 06:57:34,390
-₹31 lakh? How much was it?
-₹31 lakh.
8671
06:57:34,400 --> 06:57:35,910
How does it make it
a valuation of ₹4 crore?
8672
06:57:35,920 --> 06:57:36,880
How? Please explain.
8673
06:57:36,880 --> 06:57:38,990
Last year's revenue was
₹31 lakh for sure,
8674
06:57:39,000 --> 06:57:42,790
but we've already generated
₹26 lakh in six months.
8675
06:57:42,800 --> 06:57:45,160
And this year's projection
is ₹75 lakh.
8676
06:57:45,600 --> 06:57:48,270
- It's been three years...
- How can you generate ₹75 lakh?
8677
06:57:48,280 --> 06:57:50,040
If you have already
generated ₹25 lakh,
8678
06:57:50,200 --> 06:57:52,470
at the most, it might
become ₹55 lakh.
8679
06:57:52,480 --> 06:57:54,280
₹60 lakh at the most.
8680
06:57:56,280 --> 06:57:58,120
But you know, Dhruv, what I feel is.
8681
06:57:58,280 --> 06:57:59,960
This is not a business yet.
8682
06:58:02,120 --> 06:58:04,750
It's in incubation right now.
8683
06:58:04,760 --> 06:58:08,910
You know, Kirti has
a wonderful vision, a beautiful brand.
8684
06:58:08,920 --> 06:58:11,550
Manish loves the aesthetics,
8685
06:58:11,560 --> 06:58:14,590
so obviously there is something
very real behind that, right?
8686
06:58:14,600 --> 06:58:15,630
But this is not a business yet.
8687
06:58:15,640 --> 06:58:18,790
And, Kirti, you need
an incubation right now.
8688
06:58:18,800 --> 06:58:20,560
This business is very nascent.
8689
06:58:22,320 --> 06:58:24,790
Also, what happens is,
when you see some companies,
8690
06:58:24,800 --> 06:58:28,390
you feel there is
a lot of value here.
8691
06:58:28,400 --> 06:58:32,760
But in your case,
it's a little more of a slow growth
8692
06:58:33,280 --> 06:58:35,280
because the brand is very niche.
8693
06:58:36,480 --> 06:58:39,390
I very strongly feel that
such brands should be supported.
8694
06:58:39,400 --> 06:58:42,080
So, actually,
we are coming with an investment,
8695
06:58:42,280 --> 06:58:43,470
solely for that reason.
8696
06:58:43,480 --> 06:58:47,800
My suggestion to you is take
₹15 lakh for 10%.
8697
06:58:47,960 --> 06:58:49,480
Don't dilute more than 10%.
8698
06:58:49,840 --> 06:58:53,520
The ₹15 lakh and 10%
is just as a partnership starter.
8699
06:58:53,680 --> 06:58:56,510
But, sir, there is
a lot of scope in my business.
8700
06:58:56,520 --> 06:58:59,920
We are talking about
only 10% dilution right now.
8701
06:59:02,040 --> 06:59:04,310
If we were asking for 20%
or even 30%,
8702
06:59:04,320 --> 06:59:06,150
we would also be
offering you double the money
8703
06:59:06,160 --> 06:59:07,070
or even three times the ask.
8704
06:59:07,080 --> 06:59:09,600
Your equity dilution
would have been significant.
8705
06:59:09,840 --> 06:59:12,190
At this moment, in incubation,
8706
06:59:12,200 --> 06:59:13,950
you shouldn't be looking
at the money coming in
8707
06:59:13,960 --> 06:59:16,750
as much as how little of
your company is being diluted.
8708
06:59:16,760 --> 06:59:18,190
- Beautiful point, Dhruv.
- Right?
8709
06:59:18,200 --> 06:59:19,390
- Very well said.
- Right.
8710
06:59:19,400 --> 06:59:21,120
I agree. 10% is nothing.
8711
06:59:24,280 --> 06:59:26,590
It's too soon to dilute for
₹50-₹60 lakh.
8712
06:59:26,600 --> 06:59:27,710
I am on your side.
8713
06:59:27,720 --> 06:59:29,680
You should safeguard your equity.
8714
06:59:38,800 --> 06:59:41,440
We were at the bottom of this chart.
8715
06:59:41,560 --> 06:59:43,480
I don't think
it's a fight for us because...
8716
06:59:43,640 --> 06:59:46,790
We're like, "Give us whatever
is left, and we'll leave.
8717
06:59:46,800 --> 06:59:48,990
"In fact, we're leaving even if
there is nothing left." It's all right.
8718
06:59:49,000 --> 06:59:51,550
Shall we call Banana Labs
for our last and final negotiations?
8719
06:59:51,560 --> 06:59:53,790
Oh, my God. Don't keep saying that.
I feel so bad.
8720
06:59:53,800 --> 06:59:55,360
I am going to miss this Board Room.
8721
06:59:55,920 --> 06:59:57,270
- Hello.
- Welcome, ladies.
8722
06:59:57,280 --> 06:59:58,470
- Welcome.
- How are you?
8723
06:59:58,480 --> 07:00:00,390
Wonderful to see you back, ma'am.
8724
07:00:00,400 --> 07:00:01,550
Thank you.
8725
07:00:01,560 --> 07:00:03,160
You look well rested.
8726
07:00:03,640 --> 07:00:06,750
- Thank you. I am.
- And she looks pretty confident.
8727
07:00:06,760 --> 07:00:09,080
She grew pretty confident
when you weren't around.
8728
07:00:09,360 --> 07:00:10,190
Really?
8729
07:00:10,200 --> 07:00:12,590
I do see some change in Mariyam
8730
07:00:12,600 --> 07:00:15,230
because of these five weeks of...
8731
07:00:15,240 --> 07:00:16,640
- Grilling.
- Grilling.
8732
07:00:17,760 --> 07:00:18,870
I wanted to know
8733
07:00:18,880 --> 07:00:21,150
how will you use of the money
that you are going to take.
8734
07:00:21,160 --> 07:00:23,870
Sir, at the moment,
we are a made-to-order brand.
8735
07:00:23,880 --> 07:00:27,760
And we would like to
switch to an inventory-based model.
8736
07:00:28,000 --> 07:00:30,150
So, for that, we will have
to make a lot of inventory.
8737
07:00:30,160 --> 07:00:31,760
So, that is the first thing.
8738
07:00:31,920 --> 07:00:34,840
And, aren't you scared you'll
be sitting idle on that inventory?
8739
07:00:35,040 --> 07:00:37,030
Ma'am, our inventory
sells like anything.
8740
07:00:37,040 --> 07:00:38,670
We are hardly left with anything.
8741
07:00:38,680 --> 07:00:40,510
Whatever we put up in
pop-ups and exhibitions...
8742
07:00:40,520 --> 07:00:43,030
Also, we have a lot of stockists,
pan-India.
8743
07:00:43,040 --> 07:00:44,670
So, our inventory just flies.
8744
07:00:44,680 --> 07:00:46,230
If we give it to them, it gets over.
8745
07:00:46,240 --> 07:00:49,350
So, you're saying that your demand
is a lot more than the supply.
8746
07:00:49,360 --> 07:00:50,630
So, this would be our...
8747
07:00:50,640 --> 07:00:52,430
So, Dhruv, what would
be the valuation of her brand?
8748
07:00:52,440 --> 07:00:54,760
I would say
maybe we can take it to ₹4 crore.
8749
07:00:55,960 --> 07:00:57,720
If we take the valuation
at ₹4 crore
8750
07:00:57,960 --> 07:01:00,270
- and make an investment of ₹70 lakh...
- Correct.
8751
07:01:00,280 --> 07:01:02,870
...that makes it approximately...
8752
07:01:02,880 --> 07:01:04,150
17.5%.
8753
07:01:04,160 --> 07:01:07,640
I feel we could go slightly
higher with the valuation.
8754
07:01:08,040 --> 07:01:11,430
Only because I feel like we have
a really good growth trajectory,
8755
07:01:11,440 --> 07:01:13,440
and it's only going
to increase in future.
8756
07:01:13,760 --> 07:01:15,320
Isn't it good to
see this side of Mariyam?
8757
07:01:15,440 --> 07:01:16,320
- I agree.
- Yes.
8758
07:01:17,160 --> 07:01:19,480
- She's come back stronger.
- Compared to her first Board Room.
8759
07:01:19,680 --> 07:01:21,270
When she entered the
Board Room for the first time...
8760
07:01:21,280 --> 07:01:22,990
We actually told her to go back.
8761
07:01:23,000 --> 07:01:26,230
Sir, I... I do feel that
Talking Threads was after me,
8762
07:01:26,240 --> 07:01:28,470
so you were also saving
time for the discussions.
8763
07:01:28,480 --> 07:01:30,440
You were like...
"You're young. Out."
8764
07:01:30,920 --> 07:01:32,400
I really feel like...
8765
07:01:33,760 --> 07:01:35,310
No, that was not true,
but, Mariyam...
8766
07:01:35,320 --> 07:01:36,910
Today there is
a different Mariyam here.
8767
07:01:36,920 --> 07:01:38,470
I'll take that. I'll take that.
8768
07:01:38,480 --> 07:01:39,560
I'll tell you what?
8769
07:01:40,240 --> 07:01:43,440
What if we do ₹1 crore
for ₹4.5 crore.
8770
07:01:47,880 --> 07:01:50,150
If you still want ₹70 lakh,
we're okay with that.
8771
07:01:50,160 --> 07:01:51,750
Sir, is it also okay
if you write it for me
8772
07:01:51,760 --> 07:01:53,520
- on the paper?
- Yes, absolutely.
8773
07:01:53,760 --> 07:01:54,790
Because I feel like it will just be...
8774
07:01:54,800 --> 07:01:55,630
- No, please.
- Yes.
8775
07:01:55,640 --> 07:01:57,630
I want you to be
very-very clear about this.
8776
07:01:57,640 --> 07:02:00,510
The decision is:
do you want more capital,
8777
07:02:00,520 --> 07:02:02,480
or do you want to
safeguard your equity?
8778
07:02:03,040 --> 07:02:04,640
I think safeguard my equity.
8779
07:02:04,800 --> 07:02:05,790
That's an intelligent decision
8780
07:02:05,800 --> 07:02:07,880
because your valuation
will grow in the future.
8781
07:02:08,120 --> 07:02:10,080
And then you can dilute it.
That's a better thought.
8782
07:02:10,200 --> 07:02:11,040
Yeah.
8783
07:02:13,480 --> 07:02:15,360
Please tell me if this is clear.
8784
07:02:17,360 --> 07:02:19,880
Our first offer is
an investment of ₹70 lakh
8785
07:02:20,200 --> 07:02:21,910
at a valuation of ₹4.5 crore.
8786
07:02:21,920 --> 07:02:25,120
15.5% equity in the company.
8787
07:02:25,280 --> 07:02:27,560
Our second offer is
an investment of ₹1 crore.
8788
07:02:27,720 --> 07:02:31,960
22.22% for the same
at ₹4.5 crore valuation.
8789
07:02:35,760 --> 07:02:36,960
Banana Labs.
8790
07:02:37,720 --> 07:02:39,480
Do we have a deal?
8791
07:02:49,520 --> 07:02:50,560
Who got it?
8792
07:02:57,680 --> 07:03:01,760
Yes! Yes! Yes!
8793
07:03:02,880 --> 07:03:03,870
What a reaction.
8794
07:03:03,880 --> 07:03:05,480
What a moment.
8795
07:03:05,680 --> 07:03:07,400
Look at them.
They are so happy.
8796
07:03:07,720 --> 07:03:11,270
I told you it's going to increase.
I told you it's going to increase.
8797
07:03:11,280 --> 07:03:12,630
- I told you...
- It's done.
8798
07:03:12,640 --> 07:03:14,600
I feel like going in
and giving them a hug.
8799
07:03:16,240 --> 07:03:20,080
I think if we reasonably increase
the fund above ₹10 crore,
8800
07:03:20,240 --> 07:03:24,320
Mr. Nigam, Fashion Entrepreneur
Fund needs more funds.
8801
07:03:26,760 --> 07:03:28,950
- All right.
- So, let's spin the bottle.
8802
07:03:28,960 --> 07:03:32,070
Let's help the remaining
four companies grow bigger.
8803
07:03:32,080 --> 07:03:34,280
- Yes.
- Let's make them rich.
8804
07:03:34,480 --> 07:03:36,990
And let's make the Fashion
Entrepreneur Fund also rich.
8805
07:03:37,000 --> 07:03:38,680
- Richer.
- Richest.
8806
07:03:39,280 --> 07:03:40,400
All right.
8807
07:03:40,680 --> 07:03:45,920
Who secured the deals and who didn't,
we'll find out at the grand finale!
8808
07:03:52,720 --> 07:03:55,270
Welcome to the grand finale
of Pitch To Get Rich.
8809
07:03:55,280 --> 07:03:58,680
It is about big deals
and bold dreams.
8810
07:04:11,440 --> 07:04:12,710
We've reached the finale.
8811
07:04:12,720 --> 07:04:14,710
It's been a very-very
interesting show.
8812
07:04:14,720 --> 07:04:16,240
I think all of them have evolved.
8813
07:04:16,400 --> 07:04:18,270
And I am really looking
forward to seeing
8814
07:04:18,280 --> 07:04:20,680
what is it they have
put up at the finale.
8815
07:04:21,760 --> 07:04:22,870
Several mixed emotions.
8816
07:04:22,880 --> 07:04:27,990
I think the Board Room was emotional
and also pretty explosive today.
8817
07:04:28,000 --> 07:04:29,270
A lot of ups and downs today.
8818
07:04:29,280 --> 07:04:31,200
So, yes,
it has been an amazing journey.
8819
07:04:32,200 --> 07:04:34,670
Honestly,
I think after eight pitches,
8820
07:04:34,680 --> 07:04:37,520
and giving out
₹40 crore in the Board Rooms...
8821
07:04:38,480 --> 07:04:39,470
You did what?
8822
07:04:39,480 --> 07:04:41,750
A little bit more than
the ₹30 crore we promised.
8823
07:04:41,760 --> 07:04:43,790
So glad that's going
to Indian fashion...
8824
07:04:43,800 --> 07:04:46,230
It is. Such great talent.
8825
07:04:46,240 --> 07:04:49,790
Looking at their enthusiasm,
their ambition, their talent,
8826
07:04:49,800 --> 07:04:51,750
I think it's just one word.
I am inspired.
8827
07:04:51,760 --> 07:04:56,040
Owing to what the Fashion
Entrepreneur Fund is doing,
8828
07:04:56,200 --> 07:04:57,270
more people will show up next year.
8829
07:04:57,280 --> 07:05:00,640
This will spark a movement,
which is positive for our country.
8830
07:05:06,480 --> 07:05:08,440
We're with a fashion icon here.
8831
07:05:09,120 --> 07:05:09,990
You look stunning.
8832
07:05:10,000 --> 07:05:12,880
What is your personal
go-to fashion statement?
8833
07:05:13,160 --> 07:05:15,710
My personal go-to
fashion statement is
8834
07:05:15,720 --> 07:05:17,470
wear whatever the hell you feel like.
8835
07:05:17,480 --> 07:05:19,990
And, as long as you're feeling
confident in what you are wearing,
8836
07:05:20,000 --> 07:05:21,040
I think it shows.
8837
07:05:23,760 --> 07:05:25,390
I feel like you can't
go wrong with black.
8838
07:05:25,400 --> 07:05:27,070
- Safe. That's it.
- Right?
8839
07:05:27,080 --> 07:05:29,240
What's your go-to fashion statement?
8840
07:05:29,480 --> 07:05:30,560
I'm a streetwear guy.
8841
07:05:31,160 --> 07:05:32,150
Baggy fits all the way.
8842
07:05:32,160 --> 07:05:33,550
I think it's a great idea.
8843
07:05:33,560 --> 07:05:38,110
Upcoming fashion people are getting
a chance to start their own business.
8844
07:05:38,120 --> 07:05:40,720
This will give hope to
a lot of people to dream big.
8845
07:05:41,080 --> 07:05:44,480
- Hi, pretty.
- Hello! How are you?
8846
07:05:45,240 --> 07:05:46,160
Oh, my God!
8847
07:05:46,720 --> 07:05:48,030
Tell me about this necklace.
8848
07:05:48,040 --> 07:05:50,910
It is this brand,
Golubhai Badalia Diamonds.
8849
07:05:50,920 --> 07:05:52,630
And... they are real diamonds?
8850
07:05:52,640 --> 07:05:53,590
Yes, they are.
8851
07:05:53,600 --> 07:05:55,200
They put on the first layer.
8852
07:05:55,360 --> 07:05:57,590
- Then the second layer.
- Are these multiple layers?
8853
07:05:57,600 --> 07:05:58,680
They are multiple layers...
8854
07:05:58,920 --> 07:06:01,150
- They are multiple layers!
- You know, tonight's the night.
8855
07:06:01,160 --> 07:06:03,080
Go big or go home. So...
8856
07:06:03,960 --> 07:06:06,550
Golu Bhai, your jewellery
will be seen on the runway tonight,
8857
07:06:06,560 --> 07:06:08,440
so what do you have
to say about that?
8858
07:06:08,800 --> 07:06:10,440
See, with my jewellery displayed,
8859
07:06:10,640 --> 07:06:12,790
contestants will
look even more gorgeous.
8860
07:06:12,800 --> 07:06:15,000
And I am 100% sure
the diamonds will rock.
8861
07:06:15,720 --> 07:06:18,920
I am thinking of sticking my hand in
this huge fund and taking some money.
8862
07:06:19,040 --> 07:06:20,590
- Sir, that's not how it's done.
- I am joking.
8863
07:06:20,600 --> 07:06:23,710
But I'll tell you something, I've
spent so much on fashion in life.
8864
07:06:23,720 --> 07:06:25,550
- Yes.
- Now, I really want
8865
07:06:25,560 --> 07:06:27,990
these fashion designers
to become international.
8866
07:06:28,000 --> 07:06:29,150
And they need this kind of funds.
8867
07:06:29,160 --> 07:06:30,310
- Yes.
- So, I am excited,
8868
07:06:30,320 --> 07:06:31,840
and that's why
I am here to support them.
8869
07:06:32,760 --> 07:06:34,310
This is your elevator
pitch moment.
8870
07:06:34,320 --> 07:06:35,600
Ten seconds. Go.
8871
07:06:35,840 --> 07:06:39,840
Hey, I am Siddharth. I run India's
biggest fashion brand for men.
8872
07:06:40,640 --> 07:06:42,400
Come discover your style.
8873
07:06:43,880 --> 07:06:45,750
What is your personal
definition of rich?
8874
07:06:45,760 --> 07:06:48,750
My definition to get
rich is having the freedom
8875
07:06:48,760 --> 07:06:50,920
to enjoy your time the way you want.
8876
07:06:51,200 --> 07:06:52,440
What are you looking
forward to tonight?
8877
07:06:52,600 --> 07:06:55,350
So, the good thing is, I've
been a part of a couple of episodes.
8878
07:06:55,360 --> 07:06:58,150
So, I do know what's been happening.
8879
07:06:58,160 --> 07:07:00,750
And the best part is
everybody has got funding.
8880
07:07:00,760 --> 07:07:03,600
And I want to know tonight,
who is getting the maximum offer.
8881
07:07:04,040 --> 07:07:07,830
Ladies and gentlemen, welcome to
the grand finale of Pitch To Get Rich.
8882
07:07:07,840 --> 07:07:11,840
The runway will now come alive with
a fashion showcase by all our founders
8883
07:07:12,000 --> 07:07:15,560
on the songs of
the musical sensation Vidya Vox.
8884
07:08:27,000 --> 07:08:29,910
Ladies and gentlemen,
put your hands together
8885
07:08:29,920 --> 07:08:33,680
for the founders who participated
in Pitch To Get Rich.
8886
07:08:39,960 --> 07:08:44,230
I take back home a nicer,
deeper understanding
8887
07:08:44,240 --> 07:08:47,790
of what is happening in
the fashion start-up ecosystem.
8888
07:08:47,800 --> 07:08:49,120
- It's been a fun journey...
- It's been a fun journey.
8889
07:09:12,320 --> 07:09:13,910
I've been working for 20 years,
8890
07:09:13,920 --> 07:09:15,470
and today it feels like
8891
07:09:15,480 --> 07:09:17,710
our brand has finally received
the recognition it deserves.
8892
07:09:17,720 --> 07:09:20,280
This show really brought
our potential to the surface.
8893
07:09:28,640 --> 07:09:29,840
Where's your mask?
8894
07:09:43,040 --> 07:09:45,800
These are the happiest
moments of our lives.
8895
07:09:45,960 --> 07:09:48,720
So it's like,
what could be better than this?
8896
07:09:59,160 --> 07:10:01,480
It was a real experience for me.
It was out of body.
8897
07:10:01,640 --> 07:10:04,440
I still have to pinch myself to
realise this was not a dream, maybe.
8898
07:10:14,640 --> 07:10:16,190
Look at the investors on this board.
8899
07:10:16,200 --> 07:10:19,550
Look at the names I've added
to my roster in just three weeks,
8900
07:10:19,560 --> 07:10:22,550
my personal profile
and my brand's profile.
8901
07:10:22,560 --> 07:10:23,950
That's invaluable.
8902
07:10:23,960 --> 07:10:27,230
Ladies and gentlemen,
that was such a fun evening.
8903
07:10:27,240 --> 07:10:29,120
I had a lovely time.
8904
07:10:29,640 --> 07:10:31,550
If you want to get rich,
8905
07:10:31,560 --> 07:10:34,840
just remember,
all you have to do is pitch.
8906
07:10:40,600 --> 07:10:43,390
Hi, guys. I hope you guys
have enjoyed this evening.
8907
07:10:43,400 --> 07:10:45,870
I'd like to invite Akshay Kumar
8908
07:10:45,880 --> 07:10:48,880
and Mr. Nigam on stage
to give the award.
8909
07:10:52,960 --> 07:10:56,600
The biggest investment
tonight has been to Banana Club.
8910
07:10:56,960 --> 07:10:58,880
Tell us, Prashanth.
Your eyes are expressing something.
8911
07:10:59,440 --> 07:11:02,510
Should I tell you
my final closing deal?
8912
07:11:02,520 --> 07:11:04,600
- Tell us.
- Sir, ₹13 crore.
8913
07:11:04,800 --> 07:11:06,560
No, we can't do ₹13 crore.
8914
07:11:10,880 --> 07:11:12,870
Okay, ₹12.25 crore
8915
07:11:12,880 --> 07:11:14,830
is the final number,
Nilesh and Prashanth.
8916
07:11:14,840 --> 07:11:16,160
Do we have a deal?
8917
07:11:20,120 --> 07:11:24,030
₹12.25 for 5% is excellent, guys.
8918
07:11:24,040 --> 07:11:25,670
I am standing up on this.
8919
07:11:25,680 --> 07:11:26,800
We cannot offer you anymore.
8920
07:11:27,000 --> 07:11:28,030
Nilesh, Prashanth,
8921
07:11:28,040 --> 07:11:30,080
- congratulations, guys.
- Stand up, boys. Stand up.
8922
07:11:31,120 --> 07:11:33,790
This is the biggest
investment so far.
8923
07:11:33,800 --> 07:11:35,630
Not just on the show,
but on national television.
8924
07:11:35,640 --> 07:11:38,240
- On Indian television ever.
- On Indian television.
8925
07:11:39,720 --> 07:11:43,200
₹12.25 crore for 5% equity.
8926
07:11:45,080 --> 07:11:48,960
A fund this large has never
been showcased on Indian television.
8927
07:11:49,080 --> 07:11:52,080
And we're taking
the biggest share of it.
8928
07:11:52,240 --> 07:11:54,520
So, guys,
we are the heroes of this show.
8929
07:11:54,680 --> 07:11:56,600
Watch out for Banana Club.
8930
07:11:57,200 --> 07:11:58,710
It is going to be big now.
8931
07:11:58,720 --> 07:12:02,710
The company founders who
I would like to call up on stage,
8932
07:12:02,720 --> 07:12:06,790
who talked their way through the entire
eight weeks that we've been here...
8933
07:12:06,800 --> 07:12:09,400
That's why they are probably
called Talking Threads.
8934
07:12:10,640 --> 07:12:13,520
₹1.8 crore for a convertible notes.
8935
07:12:14,280 --> 07:12:17,680
One of my most favourite brands,
Love, Kiki.
8936
07:12:18,240 --> 07:12:20,990
Sir, this is my only Board Room.
8937
07:12:21,000 --> 07:12:23,070
I never got a chance
to get here earlier.
8938
07:12:23,080 --> 07:12:23,990
- Please.
- My last...
8939
07:12:24,000 --> 07:12:25,270
- Please...
- You can go ahead.
8940
07:12:25,280 --> 07:12:26,870
₹25 lakh for 10%.
8941
07:12:26,880 --> 07:12:29,320
You're valuing yourself
at ₹2.5 crore.
8942
07:12:32,920 --> 07:12:34,600
This is at least a fair chance.
8943
07:12:37,320 --> 07:12:41,590
Love, Kiki,
₹25 lakh for 12.5%.
8944
07:12:41,600 --> 07:12:43,480
Do we have a deal, Kiki?
8945
07:12:45,840 --> 07:12:46,680
It's a deal.
8946
07:12:47,320 --> 07:12:48,600
Congratulations.
8947
07:12:49,440 --> 07:12:54,600
Love, Kiki got invested at
₹25 lakh for 12.5% equity.
8948
07:12:55,040 --> 07:12:56,160
I am very much relieved now.
8949
07:12:56,760 --> 07:12:59,950
It was a long journey.
A roller-coaster journey.
8950
07:12:59,960 --> 07:13:01,910
But a beautiful journey
at the same time.
8951
07:13:01,920 --> 07:13:03,310
I am taking a lot of things.
8952
07:13:03,320 --> 07:13:05,350
A lot of memories.
A lot of learning.
8953
07:13:05,360 --> 07:13:06,800
And money also.
8954
07:13:07,040 --> 07:13:08,800
At least
I am not going empty-handed.
8955
07:13:09,080 --> 07:13:10,390
The mother-daughter duo
8956
07:13:10,400 --> 07:13:15,680
have set out to build
a global brand through block prints.
8957
07:13:16,760 --> 07:13:18,390
Could we do a ₹5 crore valuation?
8958
07:13:18,400 --> 07:13:19,470
We've heard you there.
8959
07:13:19,480 --> 07:13:22,320
And that's why we've graciously
gone to ₹4.5 crore.
8960
07:13:24,600 --> 07:13:27,950
Equity is really important because
we already have an investor on board.
8961
07:13:27,960 --> 07:13:29,670
- How much does he own?
- 20%.
8962
07:13:29,680 --> 07:13:31,400
What did you just say before that?
8963
07:13:31,600 --> 07:13:34,150
So, I said ₹1 crore
for 20% equity.
8964
07:13:34,160 --> 07:13:35,400
Okay, Banana Labs.
8965
07:13:36,280 --> 07:13:37,160
You have a deal.
8966
07:13:37,480 --> 07:13:38,710
- Yes.
- Let's have a deal.
8967
07:13:38,720 --> 07:13:40,000
- Okay.
- Okay.
8968
07:13:40,680 --> 07:13:42,470
- Congratulations.
- Thank you. Thank you so much.
8969
07:13:42,480 --> 07:13:44,110
- Thank you so much.
- Congratulations.
8970
07:13:44,120 --> 07:13:46,190
You came in last
but hit it out of the park.
8971
07:13:46,200 --> 07:13:47,400
Means a lot.
8972
07:13:49,760 --> 07:13:53,360
A ₹1 crore investment
for 20% equity.
8973
07:13:54,160 --> 07:13:56,000
My journey was like a heartbeat.
8974
07:13:59,840 --> 07:14:02,720
It started negative, then went up,
then came down again,
8975
07:14:03,040 --> 07:14:05,070
and it really plunged low
in the end.
8976
07:14:05,080 --> 07:14:07,670
But I think
Darpan sir said one thing.
8977
07:14:07,680 --> 07:14:10,590
"You came in last
but hit it out of the park."
8978
07:14:10,600 --> 07:14:13,720
The founder of this company
is Malaika's favourite.
8979
07:14:14,120 --> 07:14:17,600
Always sticking to
his own terms. DMOdot.
8980
07:14:18,480 --> 07:14:20,760
Manish, what do you think
of going up to ₹4.5 crore?
8981
07:14:21,000 --> 07:14:22,480
I would definitely say that.
8982
07:14:23,200 --> 07:14:25,430
- At a ₹4.5 crore valuation.
- Yes.
8983
07:14:25,440 --> 07:14:29,240
An investment of
₹1.35 crore at 30% equity.
8984
07:14:30,600 --> 07:14:32,960
DMOdot, do we have a deal?
8985
07:14:35,520 --> 07:14:38,920
With all of you on board,
I would take this deal.
8986
07:14:40,360 --> 07:14:41,800
Welcome to my table.
8987
07:14:45,600 --> 07:14:50,280
DMOdot got ₹1.35 crore
for 30% equity.
8988
07:14:51,840 --> 07:14:53,640
I came to ask for ₹90 lakh.
8989
07:14:53,840 --> 07:14:56,600
I am taking home ₹1.35 crore.
8990
07:14:56,920 --> 07:15:01,590
Which is ₹45 lakh more
than my ask for 30%, which is fine.
8991
07:15:01,600 --> 07:15:04,990
On top of that,
I get Malaika as my brand ambassador.
8992
07:15:05,000 --> 07:15:07,630
I get a shop in 32ND Avenue,
8993
07:15:07,640 --> 07:15:10,670
and I have two more
interested investors
8994
07:15:10,680 --> 07:15:12,600
who will take this from here to...
8995
07:15:14,200 --> 07:15:15,640
It's only higher now.
8996
07:15:15,800 --> 07:15:16,920
Mom, Dad...
8997
07:15:18,400 --> 07:15:19,680
It's happening.
8998
07:15:34,200 --> 07:15:36,960
Hearts are full,
and so are the briefcases.
8999
07:15:37,360 --> 07:15:40,640
And that's a full stop
for Pitch To Get Rich Season 1.
9000
07:15:41,560 --> 07:15:45,000
Season 1 was truly an eye-opener.
9001
07:15:45,280 --> 07:15:49,120
And for me, I have to say,
Pitch To Get Rich is exciting,
9002
07:15:49,320 --> 07:15:51,560
but it's also emotional
because I've seen dreams.
9003
07:15:51,840 --> 07:15:54,950
I've seen them being sold
and bought with such vigour,
9004
07:15:54,960 --> 07:15:56,030
with such heart.
9005
07:15:56,040 --> 07:16:00,760
In Pitch To Get Rich Season 1,
we began with ₹30 crore.
9006
07:16:01,240 --> 07:16:04,240
With a Fashion Entrepreneur
Fund of ₹30 crore.
9007
07:16:04,480 --> 07:16:05,920
And ended...
9008
07:16:06,520 --> 07:16:10,000
with an investment of ₹40 crore.
9009
07:16:10,480 --> 07:16:15,200
But... the real game begins now.
9010
07:16:15,480 --> 07:16:17,000
Coming to the point.
9011
07:16:17,440 --> 07:16:21,320
Pitch To Get Rich is
coming back with Season 2.
9012
07:16:21,520 --> 07:16:25,120
And this time, the Fashion
Entrepreneur Fund will be...
9013
07:16:25,480 --> 07:16:26,350
What?
9014
07:16:26,360 --> 07:16:29,000
Can you hear the sound of money?
9015
07:16:29,240 --> 07:16:30,990
Can you hear the noise of money?
9016
07:16:31,000 --> 07:16:32,110
Because I can.
9017
07:16:32,120 --> 07:16:34,680
You don't understand
what I am about to reveal.
9018
07:16:34,840 --> 07:16:36,350
Ka-ching. Ka-ching. Ka-ching.
9019
07:16:36,360 --> 07:16:41,120
Season 2 will have the
Fashion Entrepreneur Fund of...
724265
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