Shark Tank 3: Aman, Ritesh gets frustrated after pitcher demands 50 hours of dedication – Watch

In a recent episode of Shark Tank India season 3, Aman Gupta swindled a check worth Rs 10 lakh after the pitchers demanded a commitment of 50 hours a week for their business. Watch video.

Shark tank India 3: During the most recent episode of season three of “Shark Tank,” Aman Gupta, the co-founder of Boat, became frustrated with two entrepreneurs who couldn't make a decision on whether to accept an offer. Gupta was so upset that he tore up his check of Rs 10 lakh and withdrew his offer. Here is a summary of the incident.

The two brothers, who are also entrepreneurs, have unveiled their vegetarian fast food chain in India. They have revealed that they currently have 150 outlets nationwide and plan to open more with the support of the Sharks. One of the siblings also expressed a desire to expand into catering and hotel ventures.

Shark Tank India 3: Aman Gupta and Ritesh Agarwal offer Rs 10 Lakh each for 1% shares

The pitchers asked for an investment of Rs 1.5 crore in return for 1 percent equity. Despite Peyush Bansal, Vineeta Singh and Anupam Mittal pulling out of the deal, sharks Ritesh Agarwal and Aman showed interest in their proposal. They proposed to offer the brothers Rs 10 lakh each for one per cent equity and the remaining Rs 1.3 crore as debt at an interest rate of 10 per cent.

Take a look at Aman Gupta's ripping check worth Rs 10 Lakh

“Do you want 50 hours of dedication,” demanded by pitchers

A shocking incident occurred when the pitchers demanded 50 hours' commitment from Aman Gupta and Ritesh Agarwal. This led to the incident where Aman got angry for spending time on the startup company. Aman said, “Listen, I know what you are saying, but I am telling you that I cannot waste time on it (sic).” Aman also added that he did not want to make false promises that would lead to tarnishing his impression and stated that he did not want to make false promises to the pitcher.

Aman Gupta rips off a check worth Rs10 Lakh and withdraws his offer

In the meantime, Ritesh also agreed to put in 25 hours a week. Despite the pitchers urging the Boatman to reconsider, he decided to rip up his check and backed out of the deal. Citing their indecisiveness as the cause, he stated: “I am no longer interested (sic).” Later in the episode, OYO's CEO also takes back his offer as the pitcher shows the lack of indecision the pitcher had.

Do you think what Aman Gupta did was justified? Stay tuned for regular updates on Shark Tank Season 3!