In the latest episode of the season 2 of Shark Tank India the Shark Anupam Mittal is seen going after an entrepreneur who tried to increase its company’s valuation by 10X simply by adding zero in the cheque given by Shark Anupam Mittal.
While the episode is yet to be aired the ad of the episode show an entrepreneur presenting his idea to the sharks and cracking a deal of 30 lakhs for 10% equity from Anupam Mittal. However, not happy with the valuation, the entrepreneur secretly added zero in the cheque and was caught doing show by the show host.
The same was reported to Anupam Mittal, who then not only reprimanded the entrepreneur but also cancelled the deal and reported the case to the police. Speaking to The Fauxy, Anupam Mittal said “this could have landed me in trouble since I don’t have 3 crore in my account and the cheque would have bounced“.
To avoid such cases, Shark Tank India will now have psychometric test for all the pitchers.
