Gold Life Anti Suicide Fan Rod Shark Tank Deal Update: Did The Founders Get a Deal From Sharks or Not?

Shark Tank India begins yet another week with a new range of exciting, aspirant startup founders from different parts of India. The Sharks for this week’s episodes in Shark Tank India will be Peyush Bansal (Lenskart), Namita (Emcure Pharma), Ghazal Alagh (MamaEarth), Vineeta Singh (Sugar Cosmetics) and Anupam (Shaadi.com).

Gold Life Anti Suicide Fan Rod is founded by father son duo entrepreneurs who are on a mission to prevent suicide from ceiling fans with their innovative fan rod. Gold Life Anti Suicide Fan Rod aims to reduce suicides from one of the most common ways of suicide in India.

Shark Tank India Episode 28 Companies List

• HumpyA2
• Kunafa World
• Gold Life Anti Suicide Fan Rod

What Happened to Gold Life Anti Suicide Fan Rod in Shark Tank India?

• Gold Life Anti Suicide Fan Rod is founded by an aspiring entrepreneur, Sharad  who entered the Shark Tank with a mission to grow their anti-suicide fan rod.
• Gold Life Anti Suicide Fan Rod came into the Shark Tank India platform asking for INR 90 Lakhs for 5% equity in their exciting Kunafa products based company, ‘Gold Life Anti Suicide Fan Rod’.
• The father son duo got multiple advice from the Sharks for their innovative, purpose driven product. However, the apprehension over bigger players tweaking the patent to implement it in their fans.
• The fan rods cost INR 400 in retail, the revenue is projected to be INR 60 Lakhs for this current year. However, only INR 16 lakhs is achieved so far.
• The issue with scalability of the current product situation turned off the interest from majority of the Sharks. Peyush offered INR 10 Lakhs for 10% equity and INR 40 Lakhs as debt. However, Ghazal and Vineeta reentered the deal with INR 50 Lakhs for 30% equity.
• Hence, Gold Life Anti Suicide Fan Rod got a deal from the sharks in Shark Tank India.

Gold Life Anti Suicide Fan Rod Shark Tank India Deal or No Deal?