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These are the user uploaded subtitles that are being translated: 1 00:00:13,800 --> 00:00:15,920 In today's business news, 2 00:00:16,120 --> 00:00:20,200 India's fashion industry is about to hit a staggering 3 00:00:20,360 --> 00:00:23,990 ₹7.5 lakh crore by 2026. 4 00:00:24,000 --> 00:00:24,920 Wow! 5 00:00:25,200 --> 00:00:27,830 Fashion is definitely the future. 6 00:00:27,840 --> 00:00:31,480 So, we should be investing in the fashion business, right? 7 00:00:31,640 --> 00:00:32,510 Right! 8 00:00:32,520 --> 00:00:37,590 To take this industry to the next level and beyond, 9 00:00:37,600 --> 00:00:39,270 we are building a fund. 10 00:00:39,280 --> 00:00:42,350 The Fashion Entrepreneur Fund. 11 00:00:42,360 --> 00:00:45,870 New ideas, young start-ups, big investments. 12 00:00:45,880 --> 00:00:48,840 Can you hear money jingling? 13 00:00:50,000 --> 00:00:51,840 Ka-ching, ka-ching, ka-ching! 14 00:00:52,040 --> 00:00:54,000 Welcome to Pitch To Get Rich. 15 00:00:55,400 --> 00:00:57,480 Fashion and business both can make you rich. 16 00:00:57,640 --> 00:00:59,240 All you have to do is pitch. 17 00:01:00,040 --> 00:01:02,230 Fourteen founders. Fourteen companies. 18 00:01:02,240 --> 00:01:03,800 And eight pitches. 19 00:01:04,400 --> 00:01:06,280 So, who will land the investment? 20 00:01:06,440 --> 00:01:07,350 In each episode, 21 00:01:07,360 --> 00:01:11,390 founders will pitch their unique brands to our panel, 22 00:01:11,400 --> 00:01:13,400 whom we call Angels. 23 00:01:13,640 --> 00:01:14,630 Manish Malhotra. 24 00:01:14,640 --> 00:01:16,070 Who doesn't know him? 25 00:01:16,080 --> 00:01:19,120 As an angel, design and detail are his DNA. 26 00:01:19,240 --> 00:01:20,110 Dhruv Sharma. 27 00:01:20,120 --> 00:01:23,430 Gives style, strategy and ambition a bold new identity. 28 00:01:23,440 --> 00:01:24,910 In the form of an angel, 29 00:01:24,920 --> 00:01:27,510 he's the true champion of budding entrepreneurs. 30 00:01:27,520 --> 00:01:28,590 The diva herself... 31 00:01:28,600 --> 00:01:30,630 none other than Malaika Arora. 32 00:01:30,640 --> 00:01:34,190 Impressing this angel of fashion is no easy feat. 33 00:01:34,200 --> 00:01:35,310 Darpan Sanghvi. 34 00:01:35,320 --> 00:01:38,510 Facing the highs and lows of entrepreneurship, 35 00:01:38,520 --> 00:01:40,270 he has become a true inspiration. 36 00:01:40,280 --> 00:01:43,120 As an angel, he's the king of the number game. 37 00:01:43,320 --> 00:01:46,070 With every pitch, the Angels will be joined by 38 00:01:46,080 --> 00:01:49,470 two famous personalities from fashion, Bollywood and business worlds 39 00:01:49,480 --> 00:01:50,800 as guest Angels. 40 00:01:51,720 --> 00:01:53,830 Here, the founders will pitch their products, 41 00:01:53,840 --> 00:01:54,910 their finances, 42 00:01:54,920 --> 00:01:57,280 their future and much more. 43 00:01:57,600 --> 00:02:01,910 And they will keep pitching until they hear all six buzzers. 44 00:02:01,920 --> 00:02:03,680 You have my buzzer. 45 00:02:04,040 --> 00:02:06,920 Buzzers that can change their destiny. 46 00:02:08,200 --> 00:02:09,190 All right! 47 00:02:09,200 --> 00:02:10,470 See you in the Board Room, guys. 48 00:02:10,480 --> 00:02:11,840 Let's talk business. 49 00:02:12,480 --> 00:02:14,190 Six Angels and their six buzzers 50 00:02:14,200 --> 00:02:16,680 means Board Room access. 51 00:02:17,360 --> 00:02:18,990 After entering the Board Room, 52 00:02:19,000 --> 00:02:20,880 it's a game of asks and offers. 53 00:02:21,080 --> 00:02:22,430 They should change the name of this room. 54 00:02:22,440 --> 00:02:24,040 They should call it the dhanda room. 55 00:02:25,000 --> 00:02:26,840 Do you want to take this offer? 56 00:02:27,680 --> 00:02:29,800 The biggest risk is not taking any risk! 57 00:02:30,200 --> 00:02:32,670 As the companies receive investment, 58 00:02:32,680 --> 00:02:35,520 our fund will keep decreasing. 59 00:02:36,160 --> 00:02:37,190 Oh, shit! 60 00:02:37,200 --> 00:02:38,280 I am going home, brother. 61 00:02:40,200 --> 00:02:42,750 So, get ready for high fashion! 62 00:02:42,760 --> 00:02:44,030 I believe in your brand. 63 00:02:44,040 --> 00:02:44,990 High drama. 64 00:02:45,000 --> 00:02:46,070 It's mediocre. 65 00:02:46,080 --> 00:02:47,280 And high stakes. 66 00:02:47,640 --> 00:02:50,360 Yes! Yes! Yes! 67 00:03:00,880 --> 00:03:02,720 Pitch To Get Rich. 68 00:03:06,240 --> 00:03:08,080 - Super. - It's pretty crazy. 69 00:03:08,400 --> 00:03:11,480 Time to meet our Made in India company. 70 00:03:12,680 --> 00:03:14,360 This is amazing. 71 00:03:14,840 --> 00:03:17,640 Fourteen companies handpicked from thousands. 72 00:03:18,120 --> 00:03:21,440 Each one has a brilliant idea and a unique story. 73 00:03:23,880 --> 00:03:25,360 It's a very novel concept. 74 00:03:25,520 --> 00:03:28,790 And the growth of fashion is essential in India 75 00:03:28,800 --> 00:03:32,190 because we still operate as silos. 76 00:03:32,200 --> 00:03:35,030 We require a powerhouse to unify them. 77 00:03:35,040 --> 00:03:36,880 This is the only platform 78 00:03:37,160 --> 00:03:41,070 where start-ups from different levels come to one place 79 00:03:41,080 --> 00:03:42,790 and make a sincere attempt. 80 00:03:42,800 --> 00:03:44,710 Right now, you are company-owned, company-operated. 81 00:03:44,720 --> 00:03:45,550 Absolutely. 82 00:03:45,560 --> 00:03:46,830 And how many stores? Two stores? 83 00:03:46,840 --> 00:03:47,790 - Three stores. - Three stores. 84 00:03:47,800 --> 00:03:49,200 - What do you go by? - Vardi. 85 00:03:49,360 --> 00:03:51,320 - Vardi. - Oh, interesting name, yeah. 86 00:03:52,880 --> 00:03:54,910 - Well, we're a womenswear brand. - Okay. 87 00:03:54,920 --> 00:03:56,830 And these are detachable accessories. 88 00:03:56,840 --> 00:03:58,960 I can place it on his vardi if you want. 89 00:03:59,640 --> 00:04:01,110 And it's called Love, Kiki. 90 00:04:01,120 --> 00:04:02,110 Love, Kiki. 91 00:04:02,120 --> 00:04:03,280 Who is Kiki? 92 00:04:03,400 --> 00:04:04,960 Kiki is my inner voice. 93 00:04:07,480 --> 00:04:09,710 This rabbit guy. What's he doing? 94 00:04:09,720 --> 00:04:10,790 He's wearing a mask. 95 00:04:10,800 --> 00:04:12,710 Wow! Lovely. 96 00:04:12,720 --> 00:04:14,320 - Hi. - Very interesting. 97 00:04:14,720 --> 00:04:16,840 But it's a great conversation starter. 98 00:04:17,000 --> 00:04:19,830 The starting is pretty clever. 99 00:04:19,840 --> 00:04:21,950 It's like Uorfi Javed, playing on shock value. 100 00:04:21,960 --> 00:04:22,920 Yeah. 101 00:04:26,840 --> 00:04:28,030 - Hi. - Hello. 102 00:04:28,040 --> 00:04:30,280 - Hi, I am Karan. How are you? - Hi. 103 00:04:30,400 --> 00:04:32,430 Good to see everyone. How is everyone doing? 104 00:04:32,440 --> 00:04:33,470 Great! 105 00:04:33,480 --> 00:04:37,640 All right. Oh, my God. I can't not address the rabbit in the room, right? 106 00:04:38,800 --> 00:04:40,790 So, what is our show called? 107 00:04:40,800 --> 00:04:42,800 Pitch To Get Rich. 108 00:04:43,120 --> 00:04:46,830 Our title contains both words of prime importance. 109 00:04:46,840 --> 00:04:48,310 What do all of us in this room want? 110 00:04:48,320 --> 00:04:50,040 We want money, right? 111 00:04:51,320 --> 00:04:53,760 And... we are money. 112 00:04:55,800 --> 00:04:58,350 We are the Fashion Entrepreneur's Fund. 113 00:04:58,360 --> 00:05:00,590 We mean business. We have the money. 114 00:05:00,600 --> 00:05:02,480 And do you want to know how much money we have? 115 00:05:12,000 --> 00:05:13,280 Wow! 116 00:05:14,520 --> 00:05:17,350 ₹30 crore! Ka-ching! Ka-ching! 117 00:05:17,360 --> 00:05:18,400 Ka-ching! 118 00:05:21,840 --> 00:05:24,240 If you ask any of the founders, 119 00:05:24,400 --> 00:05:28,550 ₹30 crore can open a lot of doors. 120 00:05:28,560 --> 00:05:32,870 We want ₹15 crore against 5% equity. 121 00:05:32,880 --> 00:05:35,110 If they give us ₹15 crore, 122 00:05:35,120 --> 00:05:39,030 our brand can move five-fold from the position it currently is. 123 00:05:39,040 --> 00:05:41,110 ₹30 crore is a very big amount. 124 00:05:41,120 --> 00:05:44,350 But we were also thinking about the maximum ask people will have. 125 00:05:44,360 --> 00:05:45,430 How much will they pitch for ₹30 crore 126 00:05:45,440 --> 00:05:46,790 to be distributed among everyone? 127 00:05:46,800 --> 00:05:49,750 Even they are passionate about business like us. 128 00:05:49,760 --> 00:05:51,150 They are also working hard. 129 00:05:51,160 --> 00:05:52,270 But now it seems like 130 00:05:52,280 --> 00:05:56,830 there's going to be a fight for the money now, 131 00:05:56,840 --> 00:05:58,790 like "I'll take this much or this much." 132 00:05:58,800 --> 00:05:59,870 This we can feel now. 133 00:05:59,880 --> 00:06:04,640 The very first challenge to all of you here in this room is 134 00:06:04,840 --> 00:06:09,040 that your pitch will have to be all of 60 seconds. 135 00:06:09,400 --> 00:06:10,310 Oh... 136 00:06:10,320 --> 00:06:11,920 And not more than that. 137 00:06:12,120 --> 00:06:16,110 We've never explained the brand in less than 60 seconds, 138 00:06:16,120 --> 00:06:18,070 because there are so many aspects to tell. 139 00:06:18,080 --> 00:06:19,870 How much can we cover in 60 seconds? 140 00:06:19,880 --> 00:06:22,550 Should we tell them about our sales or our journey? 141 00:06:22,560 --> 00:06:23,790 Should we introduce ourselves? 142 00:06:23,800 --> 00:06:26,110 Tell them about our vision or our business? 143 00:06:26,120 --> 00:06:28,870 Just very nervous about the pitch because we've never done 144 00:06:28,880 --> 00:06:29,910 this sort of thing ever. 145 00:06:29,920 --> 00:06:32,640 I can't wait to get this business party started. 146 00:06:33,840 --> 00:06:35,070 So, is the party on? 147 00:06:35,080 --> 00:06:36,870 - Yes! - All right, here goes. 148 00:06:36,880 --> 00:06:40,720 Welcome to... Pitch To Get Rich. 149 00:06:42,520 --> 00:06:43,440 Thank you. 150 00:06:45,840 --> 00:06:47,830 We've done extensive work in 10 years. 151 00:06:47,840 --> 00:06:50,190 We've achieved so much and still are. 152 00:06:50,200 --> 00:06:52,760 How can we explain everything in 60 seconds? 153 00:06:54,880 --> 00:06:57,030 Four things need to be covered, 154 00:06:57,040 --> 00:07:00,400 and that basically means 15 seconds to each area. 155 00:07:02,160 --> 00:07:03,880 You're wasting words here, brother. 156 00:07:04,080 --> 00:07:05,960 Let's infuse it to one. 157 00:07:07,600 --> 00:07:10,390 Are we finally saying 15% commission or 20%? 158 00:07:10,400 --> 00:07:11,910 - Tough, isn't it? - Absolutely. 159 00:07:11,920 --> 00:07:13,950 Because jeans can be bought in two ways. 160 00:07:13,960 --> 00:07:16,720 None of them are saying revenue. Just us. 161 00:07:20,280 --> 00:07:22,990 Hello and welcome to the very first red carpet of 162 00:07:23,000 --> 00:07:24,400 Pitch To Get Rich. 163 00:07:25,160 --> 00:07:29,320 Our permanent Angels will hear each founder's 60-second pitch. 164 00:07:30,320 --> 00:07:32,270 Imagine what they must be going through 165 00:07:32,280 --> 00:07:34,630 if you have to make an entire pitch in 60 seconds. 166 00:07:34,640 --> 00:07:36,560 I think that's a huge task. 167 00:07:37,680 --> 00:07:40,270 A business decision is hard to take in 60 seconds. 168 00:07:40,280 --> 00:07:41,870 But you can make an impression. 169 00:07:41,880 --> 00:07:43,680 And that's the start of everything. 170 00:07:45,320 --> 00:07:47,870 So, what are you expecting from the 60-second pitches today? 171 00:07:47,880 --> 00:07:50,550 Lots of energy, lots of new ideas. 172 00:07:50,560 --> 00:07:52,200 India-originated. 173 00:07:52,440 --> 00:07:54,360 Globally relevant ideas. 174 00:07:55,000 --> 00:07:56,590 I started working in 1990. 175 00:07:56,600 --> 00:08:01,350 If we had this kind of platforms back then, 176 00:08:01,360 --> 00:08:03,800 things would have been so different and so nice. 177 00:08:06,960 --> 00:08:09,760 Also joining us today are our special guest Angels... 178 00:08:09,960 --> 00:08:12,920 Manju Yagnik, Vice-Chairperson, Nahar Group. 179 00:08:13,720 --> 00:08:17,320 And the effortlessly fashionable filmmaker Karan Johar. 180 00:08:17,520 --> 00:08:19,470 When I told them they have to make a pitch in 60 seconds, 181 00:08:19,480 --> 00:08:24,990 I could feel a lot of exhilaration, nervousness, excitement and energy. 182 00:08:25,000 --> 00:08:29,680 And I can't wait to go and hear what's going to happen in 60 seconds. 183 00:08:35,800 --> 00:08:36,670 All right, everybody. 184 00:08:36,680 --> 00:08:39,190 Are we ready for the 60-second pitch? 185 00:08:39,200 --> 00:08:40,270 - Yes. - Absolutely. 186 00:08:40,280 --> 00:08:42,110 - Let's do it. - All right. Let's do this. 187 00:08:42,120 --> 00:08:44,030 - Ooh, ₹30 crore! -₹30 crore. 188 00:08:44,040 --> 00:08:45,920 Can we have the first pitch, please? 189 00:08:52,640 --> 00:08:54,080 ♪ Want to get rich? ♪ 190 00:08:55,200 --> 00:08:56,480 ♪ Come on and pitch ♪ 191 00:09:05,000 --> 00:09:06,830 Are you ready for your 60-second pitch? 192 00:09:06,840 --> 00:09:07,630 - Yeah. - Yes, we are. 193 00:09:07,640 --> 00:09:08,230 All right. 194 00:09:08,240 --> 00:09:09,160 Three... 195 00:09:09,360 --> 00:09:10,240 two... 196 00:09:10,440 --> 00:09:11,280 one... 197 00:09:13,560 --> 00:09:16,230 India is ready for a revolution in bridal couture. 198 00:09:16,240 --> 00:09:18,760 India is ready for honest luxury. 199 00:09:19,080 --> 00:09:21,310 The way it's personalised, the way it's priced, 200 00:09:21,320 --> 00:09:22,550 the way it's retailed. 201 00:09:22,560 --> 00:09:27,550 Talking Threads is building India's first real bridge to luxury designer brand. 202 00:09:27,560 --> 00:09:28,790 What is the issue? 203 00:09:28,800 --> 00:09:31,830 At one end, there's top-tier designer luxury, 204 00:09:31,840 --> 00:09:33,550 which is very beautiful. 205 00:09:33,560 --> 00:09:35,440 But the price is inaccessible. 206 00:09:35,840 --> 00:09:38,630 On the other end is the retail mass product, 207 00:09:38,640 --> 00:09:40,390 which is pretending to be luxury. 208 00:09:40,400 --> 00:09:43,160 Completely uninspiring product and experience. 209 00:09:43,360 --> 00:09:45,070 Talking Threads is changing that 210 00:09:45,080 --> 00:09:48,520 with personalised luxury, a world-class retail experience 211 00:09:48,720 --> 00:09:50,880 and unbelievable prices. 212 00:09:51,360 --> 00:09:53,600 10% for ₹2 crore. 213 00:09:53,880 --> 00:09:55,520 You can be on our board. 214 00:09:56,600 --> 00:09:58,120 ₹2 crore for 10%. 215 00:10:01,120 --> 00:10:03,630 The first question I want to ask is what is your strength? 216 00:10:03,640 --> 00:10:05,590 We have about 56 people currently. 217 00:10:05,600 --> 00:10:07,230 Our store is right next to yours. 218 00:10:07,240 --> 00:10:08,600 - Oh, God! - In Mehrauli? 219 00:10:09,640 --> 00:10:11,230 Oh, I am going to support my neighbour then. 220 00:10:11,240 --> 00:10:12,160 Please, sir. 221 00:10:13,680 --> 00:10:15,750 Sir, your collection is inspired by him. 222 00:10:15,760 --> 00:10:17,680 - Not at all. - No, ma'am. 223 00:10:17,840 --> 00:10:19,390 Basically, what you're saying is, 224 00:10:19,400 --> 00:10:21,830 if you can't afford to go to his store, 225 00:10:21,840 --> 00:10:24,080 Then they can come to you. But it's okay. 226 00:10:26,760 --> 00:10:28,000 "Come to them." 227 00:10:28,160 --> 00:10:30,270 So, are you business partners or real-life partners? 228 00:10:30,280 --> 00:10:31,040 Both. 229 00:10:31,040 --> 00:10:32,590 - Wow. - Both. That's nice. 230 00:10:32,600 --> 00:10:35,310 So, what's the highest price point and the lowest price point? 231 00:10:35,320 --> 00:10:37,030 Phera-day gowns start at around ₹1 lakh to ₹3 lakh. 232 00:10:37,040 --> 00:10:37,790 Okay. 233 00:10:37,800 --> 00:10:42,750 Groom's sherwani starts from ₹75,000 to ₹1.6 lakh. 234 00:10:42,760 --> 00:10:45,070 Just now you had shown some red lehenga. 235 00:10:45,080 --> 00:10:46,710 What would be the price? 236 00:10:46,720 --> 00:10:47,630 ₹3 lakh. 237 00:10:47,640 --> 00:10:51,150 There's also a black one with sequins that looked more like a gown. 238 00:10:51,160 --> 00:10:53,270 That right now is my killer product 239 00:10:53,280 --> 00:10:55,520 where I am converting Manish's customers. 240 00:10:56,920 --> 00:10:57,840 Sorry, Manish. 241 00:11:00,040 --> 00:11:01,350 What are your annual sales? 242 00:11:01,360 --> 00:11:02,880 It's in the range of ₹5 crore, ma'am. 243 00:11:03,080 --> 00:11:05,720 ₹5 crore. The number is too low. 244 00:11:06,760 --> 00:11:09,960 Obviously, they won't get the ₹2 crore they are asking for. 245 00:11:10,120 --> 00:11:11,830 They are in the initial stages. 246 00:11:11,840 --> 00:11:15,870 Offering ₹2 crore will be very difficult for the Angels. 247 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. 249 00:11:19,200 --> 00:11:21,390 If you have a store next to Manish's, 250 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, 252 00:11:25,880 --> 00:11:27,950 you're selling fewer SKUs. 253 00:11:27,960 --> 00:11:29,230 Very low number of items... 254 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 256 00:11:34,920 --> 00:11:37,270 at every nook and corner, if you ask me. 257 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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