Last Update: February 09, 2023, 10:21 IST
Namita Thapar and Rana Daggubati are investors in a coffee brand.
In the recent episode of Shark Tank India 2, GD Prasad, Yashas Alur and Rahul Bajaj, founders of VS Mani & Co, discussed their unique brand.
shark Tank India 2 saw many small and innovative brands. One of them V.S. Mani & Co. Although the coffee brand follows a traditional business model, they are among the few businesses that focus on the authentic taste of South Indian filter coffee. In the recent episode of Shark Tank India 2, founders GD Prasad, Yashas Alur and Rahul Bajaj discussed their unique brand and also secured an investment. Later, actor Rana Daggubati revealed that he was an early investor in the same brand.
The company requested Rs 60 lakh in exchange for 1.5% equity. The sharks intended to pull out of the deal after realizing that the company was losing money despite a wise investment, but Namita Thapar did the deal for them. After receiving a counter offer, Namita decided to join in exchange for Rs 19 lakhs for 1% equity and Rs 15 lakhs for 1% stock at 10% interest and Rs 45 lakhs in loan at 10% interest. Did.
According to ETimes, after the episode aired on TV, actor Rana Daggubati revealed that he was an early investor in the company and expressed pride in the founders for bringing their brand to Shark Tank India and the deal with Namita Thapar.
The company’s revenue has been growing rapidly since appearing on the show. In a lengthy LinkedIn post, GD Prasad expressed his gratitude for the opportunity. “Since our appearance on Shark Tank last night, messages from friends and well-wishers have started pouring in. It is in moments like these that Yash Alur, Rahul Bajaj and I realize anew how blessed we are to be surrounded and supported by such a talented community.”
He thanked Anupam Mittal for his support at the start of their journey and said, “Our special thanks to Anupam Mittal who saw a spark in our company and joined as an angel investor before the Shark Tank India episode. Thank you, Namita Thapar, for putting your faith in us, and for loving Filter Coffee as much as we do. We hope to make you proud. To all the other Sharks (Piyush Bansal, Aman Gupta, and Amit Jain), thank you for your encouraging words and sharp insight, which has given us food for thought.
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