Flying Beast Gaurav Taneja faces rejection on Shark Tank India Season 4; Anupam Mittal calls him a ‘terrible entrepreneur’

Gaurav Taneja, recognized to tens of millions as Flying Beast, made waves together with his health model Beastlife when it appeared on the fourth season of Shark Tank India. Co-founded together with his companion Raj Gupta, the Gurgaon-based startup presents protein dietary supplements aimed toward revolutionizing India’s health market. The duo sought Rs 1 crore for a 1% fairness stake to scale their enterprise. Nonetheless, the pitch wouldn’t be as easy as anticipated.The model’s launch grabbed consideration when it made Rs 1 crore in gross sales inside the first hour of opening its password-protected web site. This fast success was largely attributed to Gaurav’s huge social media following, with 9.5 million YouTube subscribers and three.7 million Instagram followers. The fast gross sales, nonetheless, didn’t assure the Sharks’ funding.

Sharks Query Gaurav’s Focus and Dedication

Regardless of showcasing their product’s high quality and Gaurav’s affect, the Sharks raised considerations over Gaurav’s divided focus. “You’re a good influencer, however a really horrible entrepreneur,” remarked Anupam Mittal, one of many Sharks. He questioned how Gaurav might dedicate sufficient time and power to Beastlife whereas managing a number of enterprise ventures. This concern was compounded by Gaurav’s lack of transparency about his different revenue sources, particularly given his substantial success as an influencer.

When requested about his earnings as an influencer, Gaurav selected to not disclose particulars, calling it “private.” The Sharks, together with Vineeta Singh, appeared to interpret this as a scarcity of readability and transparency. Vineeta additional identified that Gaurav’s look on Shark Tank may need been extra about advertising the model than really looking for funding, noting, “You’ve already earned Rs 1 crore in a single hour. Do you even want my Rs 1 crore?”

The Enterprise Mannequin and Fairness Break up

By way of fairness, Gaurav holds a 40% stake in Beastlife, whereas his co-founder Raj Gupta owns 11%. Varun Alagh, an investor and co-founder of Mamaearth, holds a 30% stake within the firm. Regardless of the fragmented possession, Gaurav and Raj have been looking for Rs 1 crore for simply 1% fairness, valuing the startup at Rs 100 crore. The Sharks, nonetheless, have been skeptical of this excessive valuation, particularly contemplating the dearth of a transparent long-term imaginative and prescient from Gaurav.Gaurav and Raj’s imaginative and prescient for Beastlife stays sturdy, with the startup hitting Rs 14 crore in gross sales in simply six months. Nonetheless, with no funding secured from the Sharks, the trail forward would require extra than simply influencer energy.