The latest episode of Shark Tank India 3 Zorko begins with the first pitch of brothers running a fast food franchise-based brand. Entrepreneur brothers Amrit and Anand Nahar come with their fast food brand from Surat with an interesting pitch. Their pitch left the sharks entertained.
Shark tank india 3 : Zorko founder Amrit nahar and Anand nahar ask
Their ask is Rs 1.5 Cr for 1% equity.
The zorko fast food restaurant brand.
Zorko outstanding franchise base fast food model growth is 17 months 150 outlet opening in over india.
zorko Franchise fees 3.99 lakh and total investment is 8 – 9 lakh
Zorko Franchise profitable present is 50 % , 30% is not profit and loos and 20 present is book loos.
Zorko pitch review
Anand and Amrit first give their food to all the sharks to taste and all of them give good reviews.
Ritesh then asks Anand about his background Anand is SEBI register research analyst , Anand says, “Sir I wanted to invest in Oyo as well. I had even sent mail and the call centre people couldn’t understand what I wanted to say. I used to call continuously but it couldn’t happen and then you reached 10m.” He also shared the screenshot of the mail and Ritesh was quite amused.
Shark tank india season 3 : Zorko offer deals
Shark Anupam Mittal Out
Anupam opts out of the deal however, Aman feels they have the potential to grow huge.
Shark Peyush bansal out
Peyush also says that he wants to opt out but advises them to focus on their stores and first make them a continuously growing model. Vineeta also out.
Shark Ritesh Agrawal and Aman Gupta offer deals for zorko
Ritesh and Aman came together and gave an offer of Rs 20 Lakhs with 1% equity and Rs 1.3 cr debt at 10% Interest for 3 years.
Zorko founder Amrit nahar and Anand nahar counter offer
Anand gives a counter offer of 100 hours for 1% equity and Rs 1.5 cr debt at 10% interest for 3 Years.
Aman says, “I cannot commit the hours to you. I can make you sit with my team, I can even mentor you but I cannot commit any hours. I want to support you but I cannot commit the hours.”Anand further keeps negotiating.
Ritesh tells them that they must trust. Anand further nags due to which Ritesh and Aman get annoyed for Anand being indecisive.
Both of them back out, Anand and Amrit go without a deal.
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