Namita Thapar Offers Rs 150 Crore Valuation to Twice-Rejected Shark Tank India Pitchers

Rapid Summary

• young entrepreneurs pitched their fitness app, Fitelo, on Shark Tank India 4.
• Thay asked for Rs 1.5 crore for .5% equity, valuing the company at Rs 300 crore.
• The app offers diet plans,fitness lessons,dance exercises,and psychological aid.
• Anupam Mittal compared their valuation to being “obese.”
• The entrepreneurs previously faced rejection from Shark Tank but are targeting Rs 100 crore in revenue this year.
• Vineeta Singh commented on the potential need for a unique aspect in their app.
• Initial investors declined due to anticipated changes but showed interest in observing progress.
• Namita Thapar and Vineeta Singh together offered Rs 1.5 crore at a Rs 150 crore valuation plus royalty, which was accepted.

Indian Opinion Analysis

The important interest shown toward Fitelo on Shark Tank India reflects rising trends in digital health and wellness platforms. Despite initial rejections and high valuation concerns from investors like Anupam Mittal and Kunal Bahl, the eventual investment by Namita Thapar signals confidence in niche therapeutic solutions combined with technology. This incident underscores India’s burgeoning startup ecosystem where innovative models can pivot swiftly based on consumer health needs. the collaboration between different investors also suggests an optimistic future for ventures focusing not just on physical wellness but mental health support too – aligning well with broader public health priorities.

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