Shark Tank India judges correct mistake by offering Rs 85 lakh to achaar brand rejected by them in season 1

The achaar and chutney venture from Bihar has been launched by sisters-in-law Uma and Kalpana Jha.

FPJ Web DeskUpdated: Tuesday, January 03, 2023, 05:23 PM IST
article-image

Shows such as TVF Pitchers and even more dramatic startup success stories have inspired professionals and innovative young people across India to become entrepreneurs. In a country with more than 84,000 startups, a reality show such as Shark Tank India attracted more than 60,000 applications for its first season. As more aspirants line up for funds to make the most of their ideas, turns out that the verdict of Shark Tank India judges isn’t the last word on a venture’s potential.

Rectifying mistakes

At the start of the second season, two of the judges Vineeta Singh and Namita Thapar acknowledged their mistake of not financing an upcoming chutney and achaar brand called JhaJi from Bihar. The duo paid a visit to sistes-in-law Uma and Kalpana Jha, who are the founders of the brand which gained popularity from their appearance on the first season of Shark Tank India, but failed to bag funds. Singh and Thapar gave the founders Rs 85 lakh for business expansion, which is an upgrade from the Rs 50 lakh they had earlier asked for.

Focusing on women entrepreneurs

Thapar described the move as rectifying a regret that she had for not funding the achaar venture earlier, and Singh also mentioned that she had been rebuked by her mother for not financing women-led businesses. The Jha sisters-in-law were featured in a video montage before the show kicked off, as they were surprised by Thapar and Singh.

(If you have a story in and around Mumbai, you have our ears, be a citizen journalist and send us your story here. )

(To receive our E-paper on WhatsApp daily, please click here.  To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

Earnings 2023 LIVE: Indigo net profit jumps to Rs 1,422.61 cr; Paytm's losses narrow down to Rs...

Earnings 2023 LIVE: Indigo net profit jumps to Rs 1,422.61 cr; Paytm's losses narrow down to Rs...

Tech layoffs: Apple CEO Tim Cook says job cuts will be last resort

Tech layoffs: Apple CEO Tim Cook says job cuts will be last resort

Vodafone-Idea AGR saga: A breakdown of dues and a complete timeline of the case

Vodafone-Idea AGR saga: A breakdown of dues and a complete timeline of the case

Government rescues Vodafone Idea, converts dues into 35% stake

Government rescues Vodafone Idea, converts dues into 35% stake

Another blow for Indian pharma, drug linked to vision loss in US recalled

Another blow for Indian pharma, drug linked to vision loss in US recalled