Shark Tank India 4: Surat-Based Entrepreneurs Secure Rs 1 Crore Deal For Their Solar Startup Solnce

The humorous conversation between the Sharks and the pitchers has been entertaining viewers of Shark Tank India season 4, a business reality show. Many young business owners also come up with creative ideas before the Sharks, and they never pass up the chance to astound the audience. The Sharks are vying for a deal after two young entrepreneurs presented their one-stop solar app, Solnce, in the most recent episode of Shark Tank India 4.

Two engineering students who are now pitching from Surat, Gujarat, came up with a deal for their solar service provider app called Solnce in the Shark Tank India 4 episode that aired on February 21. Declaring Solnce to be the first one-stop solar app in India, they disclosed that their software could make the installation process incredibly simple, much like bringing pizzas to your house. The pitchers presented themselves and their vision to the Sharks in a video posted on the reality show’s official Instagram account.

They also promised that using Solnce would be very convenient for regular people, from comprehending solar requirements to comparing products and prices. Speaking about the numbers, the Solnce pitchers stated that they have already put solar panels in more than 150 businesses and more than 1000 houses. The pitchers also anticipate substantially improved app positioning in the days ahead, given the clean and green solar future. In return for 1% share, they demanded a contract worth Rs. 1 crore.

Related:

Solnce App is India’s one-stop solar app for solar energy needs like solar installation services, solar financing options and all solar related services. 

Their solar services include top-quality solar panels installation for home and businesses, and support through solar panel maintenance services and solar panel cleaning services. They also offer flexible financing options, including a loan for solar rooftops, to make adopting solar energy affordable.

Click here to visit their website – Solnce

Aman Gupta, Vineeta Singh, and others were astounded when the pitchers responded that they had received more than INR 20 crores to date when Peyush Bansal inquired about their earnings. Vineeta screamed with delight as the Solnce owners revealed 7,000 crores when asked how much growth they envision in three to five years.

Vineeta Singh and Anupam Mittal then talked about the difficulties facing the solar sector. Gupta questioned why consumers should choose them over well-known behemoths like Tata and Adani, while Mittal noted that the industry hasn’t expanded as quickly as anticipated. Singh also suggested that the pitchers reconsider their approach, pointing out that their divergent priorities resulted in delays—they took three months to construct their app before abandoning it.

• FY 22-23 – Rs 1.69 crores 
• FY23-24 – Rs 18.99 Crores 
• FY24-25 (Till Sep) – Rs 21.93 crores

“Mujhe nhi lagta ki apko royalty deni chahiye yahape nah mujhe lagta hai apko 10% stake dena chahiye,” Aman Gupta said to the pitchers in a humorous manner. Kya fayda? Is kharch karke tum paise? Itna nhi hai zaroorat hi. (In my opinion, you shouldn’t receive royalties in this case, nor should you receive a 10% stake. What are the advantages of investing money? Getting that much is not required.

Interestingly, though, the Sharks were vying for the deal at the end of the pitch. Anupam Mittal gave them Rs. 1 crore for 3% stock and a 1% royalty until Rs. 1 crore was recovered, while Kunal Bahl initially offered them Rs. 2 crore for 10% equity after they were impressed by the income numbers.

Anupam Mittal, Vineeta Singh, Kunal Bahl, Aman Gupta, and Peyush Bansal obtained a deal of ₹1 cr. for 2.5% equity at the valuation of ₹40 Cr. with shark Aman Gupta, and they also received invaluable mentorship to expand their business, Solnce Energy. It was an exciting episode of Shark Tank India – Season 4. Everyone is now excitedly anticipating the next episode, hoping to learn more about the judges’ approaches to fund-raising and more fascinating firms.