When Burger Bae entered Shark Tank India, the sharks were thrown off by the name. At first, they thought it was a food brand, but as soon as the founders explained their vision, the conversation shifted.
They pitched Burger Bae as a Make-in-India fashion brand, built on community-driven marketing and high-quality, trend-focused apparel, asking ₹1 crore for 2.5% equity.
While some sharks were intrigued, others remained sceptical about the competitive landscape of the fashion industry.
Sharks Anupam Mittal, Kunal Bahl, and Aman Gupta made identical offers:
- ₹1 crore for 10% equity
- ₹2 crore for 20% equity
The founders had a tough decision to make. They wanted all three sharks onboard, but negotiations got tricky.
Anupam agreed to come down to 7% equity, but the founders held their ground, aiming for a better deal.
After intense back-and-forth discussions, the founders finally accepted the three-shark deal at ₹2 crore for 20% equity.
This brought Burger Bae’s valuation to ₹10 crore, which was significantly lower than their initial ask. However, gaining three sharks as strategic partners meant more than just funding—it provided expertise, business connections, and mentorship.