Powered by

Advertisment
Home Trending News “Yaar, exit speech toh dene de!” Aman Gupta reacts as Ulhasnagar Founder’s ₹300 Cr pitch seals instant deal with Namita Thapar

“Yaar, exit speech toh dene de!” Aman Gupta reacts as Ulhasnagar Founder’s ₹300 Cr pitch seals instant deal with Namita Thapar

Ulhasnagar founder’s ₹300 crore Shark Tank India pitch shocks Aman Gupta as Namita Thapar seals a swift deal, sparking a viral exit moment.

By Ishita Ganguly
New Update
Aman Gupta

Aman Gupta, Shubham Gupta, Namita Thapar

Listen to this article
0.75x1x1.5x
00:00/ 00:00

Shark Tank India’s fifth season continues to deliver high-stakes drama, and the latest episode featured one of the season’s most striking pitches yet. Shubham Gupta, an entrepreneur from Ulhasnagar, walked into the tank valuing his streetwear brand at a bold ₹300 crore and walked out with a deal that left several sharks visibly stunned.

Advertisment

Shubham Gupta's story

Gupta shared a deeply personal backstory with the panel of Anupam Mittal, Aman Gupta, Kunal Bahl, Mohit Yadav and Namita Thapar.

His father, once active in the garment business, lost both his house and business in 2011 after bankruptcy.

Shubham joined him a year later, absorbing hard lessons from failure before launching his own venture, Bonkers Corner, in 2020.

An affordable streetwear brand, Bonkers Corner targets aspirational consumers who look up to Zara and H&M, while pricing its products slightly below Westside.

Gupta revealed that despite receiving no external funding in the past five years, he has built 19 profitable offline stores across India, immediately grabbing attention.

Seeking ₹1.5 crore for just 0.5% equity, Gupta backed his valuation with strong numbers.

He reported net sales of ₹125 crore in the last financial year and projected revenues of ₹170–180 crore this year, with expected profits of ₹30–35 crore.

While Anupam Mittal and Aman Gupta questioned aspects of his design strategy, Namita Thapar stood firmly by the founder.

“Suno sabki, karo apne mann ki (Listen to everyone, but do what you want),” she advised, clearly resonating with Gupta’s journey and conviction.

Impressed by the financials, Namita made a clean offer matching his ask, choosing not to demand royalty to keep it “too good for him to refuse.”

As Anupam Mittal refused to get into a deal, Mohit countered with a reduced ₹200 crore valuation. Aman attempted to open negotiations with his trademark bravado. But before discussions could unfold, Gupta calmly turned to Namita and locked the deal. Aman, caught off guard, joked, “Yaar, exit speech toh dene de (Let me give an exit speech).”

By the time Kunal Bahl was ready to speak, Namita had already handed over the cheque.

Walking out, Gupta said, “They weren’t going to give me my valuation. I could see it on their faces.”

Also read: Confident Group Chairman CJ Roy allegedly shoots himself to death in Bengaluru residence during IT raids (startuppedia.in)