Serah sought₹50 lakh for 1% equity, valuing the business at ₹50 crore. But from the start, the sharks found major flaws in the business model. The sharks wasted no time picking apart the numbers and questioning the business strategy.
Shark Aman wasn’t convinced by the operational structure of Music Pandit. “You don’t need a principal, you don’t need a vice principal, you don’t need a chancellor, at least not at this stage.” He felt that too much money was being spent on unnecessary roles, making the business inefficient. Finding no compelling reason to invest, Aman backed out quickly.
Shark Namita raised a critical concern, accreditation.
- Indian parents expect certifications from recognized institutions.
- Without it, Music Pandit might struggle to attract students.
- She believed Serah needed to build credibility first before scaling.
Due to these concerns, Namita stepped away from the deal.
Shark Kunal believed startups need to be scrappy, especially in their early days. He felt Music Pandit wasn’t lean enough, spending too much money without strong revenue growth. Seeing no clear path to profitability, he refused to invest.
Shark Anupam was the harshest critic. Rather than advising tweaks, he bluntly suggested Serah should shut down the business altogether. “This model won’t work. You should consider moving on to something else.” With that, he backed out as well.