Last Updated:
In the latest episode of Shark Tank India 4, two young entrepreneurs pitched their one-stop solar app with a vision to make India a “solar superpower.”
The Sharks fought on the show to secure a deal with the one-stop solar app. (Photo Credits: Instagram)
The business reality show Shark Tank India season 4 has been keeping its viewers entertained with hilarious banters between the Sharks and the pitchers. Alongside many young entrepreneurs coming up with innovative ideas before the Sharks, never miss any opportunity to leave the audience stunned. In the latest episode of Shark Tank India 4, two young entrepreneurs pitched their one-stop solar app Solnce, leaving the Sharks competing with one another to secure a deal.
In the Shark Tank India 4 episode that premiered on February 21, the two engineering students-turned-pitchers, hailing from Surat, in Gujarat, came up with a deal for their solar service provider app named Solnce. Claiming Solnce to be India’s first one-stop solar app, they revealed that their app has the potential to make the entire installation process extremely easy, simply like delivering pizzas to the home. In a video shared on the official Instagram handle of the reality show, the pitchers introduced themselves and their vision to the Sharks.
They then assured that from understanding solar requirements to product and price comparison, everything will be quite convenient for common people while using Solnce. Talking about the figures, the Solnce pitchers claimed that they have already installed solar panels in 1000plus homes and 150plus industries. Additionally, with the future being clean and green solar, the pitchers hope for much better positioning of their app in the coming days. They asked for an Rs. 1 crore deal in exchange for 1 per cent equity.
When asked about the revenues by Peyush Bansal, the pitchers mentioned that to date, they have collected INR 20 plus crores, leaving Aman Gupta, Vineeta Singh and others amazed. While answering how much growth they visualise in 3 to 5 years, the Solnce owners revealed 7,000 crores, making Vineeta scream in pleasure “billion dollars.”
Following this, Vineeta Singh and Anupam Mittal discussed the challenges in the solar industry. Mittal pointed out that the sector hasn’t grown as rapidly as expected, while Gupta questioned why customers should trust them over established giants like Tata and Adani. Singh further advised the pitchers to reassess their strategy, noting that their divided focus caused delays—taking three months to develop their app before ultimately backing out.
Meanwhile, Aman Gupta hilariously told the pitchers, “Mujhe nhi lagta ki apko royalty deni chahiye yahape nah mujhe lagta hai apko 10 per cent stake dena chahiye. Kya fayda? Jo tum paise kharch karke? Zaroorat hi nhi hai itna. (I don’t think you should be given royalty here, I think you should also not be given a 10 per cent stake. What is the benefit of spending money? It is not necessary to get that much).”
But interestingly, the pitch ended with the Sharks competing to secure the deal. As they were impressed by the revenue figures, Kunal Bahl first offered them a deal of Rs. 2 crore for 10 per cent equity while Anupam Mittal offered Rs. 1 crore for 3 per cent equity and a 1 per cent royalty until Rs 1 crore was recouped.
On the other hand, Peyush Bansal offered Rs. 1 crore for 5 per cent equity. In contrast to what Aman Gupta was saying earlier, he offered Rs. 1 crore for 3 per cent equity. Finally, upon taking Kunal Bahl’s advice to choose a Shark who would stay skin in their company’s growth, the pitchers accepted Gupta’s revised offer of Rs. 1 crore for 2.5 per cent equity.
Shark Tank India season 4 airs on Sony LIV and Sony TV channel from Monday to Friday.
