Arista Vault Rides into a Deal with Anupam Mittal on Shark Tank India
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Arista Vault Rides into a Deal with Anupam Mittal on Shark Tank India

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Arista Vault Rides into a Deal with Anupam Mittal on Shark Tank India

Arista Vault, led by Purvi Roy and Atul Gupta, kicked off the pitches on Shark Tank India with their innovative luggage solutions. They showcased a range of smart suitcases, wallets, and fingerlock bags designed to offer a hassle-free travel experience.

Seeking an investment of Rs 45 lakh for 1.5% equity, the duo sparked excitement with their self-following suitcases. Anupam Mittal and Aman Gupta even took them for a test ride, resulting in a playful collision.

However, the discussion shifted to concerns about the brand’s name inconsistency and the high price point. While Vineeta Singh, Aman, Radhika Ghodke, and Varun Dhawan opted out, Anupam saw potential.

The founders mention Ishant Sharma, a cricket player, as their brand ambassador while talking about numbers. The sharks believe the price point to be very high as well.

During the episode, all the sharks, including Anupam Mittal, decided to put the smart suitcases to the test. Anupam and his fellow shark, Aman Gupta, even engaged in a friendly race using the suitcases, which eventually led to a playful collision between them.

Arista Vault Rides into a Deal with Anupam Mittal on Shark Tank India
Arista Vault Rides into a Deal with Anupam Mittal on Shark Tank India (Image Source: Google)

Anupam Mittal’s Investment Decision

After deliberating with his fellow sharks, Anupam Mittal extended a lucrative investment offer to Arista Vault, recognizing the company’s potential to disrupt the follow-me suitcases, smart wallets etc. The deal struck on Shark Tank India signifies a significant milestone for Arista Vault, validating its innovative approach to digital security.

Arista Vault’s Future Prospects

With Anupam Mittal’s backing, Arista Vault is poised for accelerated growth and market expansion. The infusion of capital and strategic guidance from an experienced entrepreneur like Mittal positions the company for success in an increasingly competitive industry.

Anupam Mittal’s Offer:

Recognizing the need for brand development, Anupam offered a unique deal Rs 15 lakh for 1% equity, coupled with Rs 30 lakh debt at 18% interest for 2 years.

Founder’s Counter Offer:

Arista Vault countered with a revised offer: Rs 20 lakh for 1% equity and Rs 25 lakh debt at the same interest rate and duration. After negotiation, both parties shook hands on this conditional deal.

This successful pitch secured Arista Vault’s valuable resources and Anupam Mittal’s guidance, paving the way for their future growth in the travel tech space.

Conclusion

This successful collaboration between Arista Vault and Anupam Mittal exemplifies the power of strategic partnerships in propelling startups forward. As Arista Vault continues to refine and expand its product portfolio, Mittal’s guidance and expertise will undoubtedly prove instrumental in navigating the competitive landscape and achieving long-term success. This Shark Tank India story serves as an inspiration to aspiring entrepreneurs, showcasing the immense potential for innovation and collaboration to thrive within the Indian startup ecosystem.

 


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