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Shark Tank India Season 3: Eatverse Takes the Plunge, Know The Picth Updates and Deal

Eatverse Shark Tank India
Eatverse Shark Tank India
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Web Admin

Web Admin

5 Dariya News

04 Mar 2024

Shark Tank India, the popular Indian version of the business reality show, saw a new contender in Season 3: Eatverse. This episode, which aired on February 29, 2024, had the Eatverse entrepreneurs pitching their concept to the Sharks, a panel of seasoned investors looking for promising startups.

Read more:- Shark Tank India Season 3: Aastey Pitch Update And Deal

The Pitch and the Reactions

The specifics of the Eatverse pitch haven't been widely shared, but glimpses from the episode reveal some interesting points. The trailer for the episode hints at questions from the Sharks regarding market saturation. With established players like Zomato and Swiggy dominating the cloud kitchen space. 

The Sharks likely probed Eatverse's unique value proposition and strategy for differentiation. Additionally, the founders wanted to take EatVerse nationwide, thus in order to achieve this goal, they looked for a ₹1 crore investment for 1% of the firm, valuing the enterprise at ₹100 crores.

One clip from the episode shows Aman Gupta, co-founder of boAt, expressing concerns about Eatverse being "late" to the game. This suggests the Sharks might have questioned the timing of the venture in a highly competitive market.

Did Eatverse Secure a Deal?

The outcome of the Eatverse pitch remains under wraps. Shark Tank India episodes typically maintain suspense around the final decisions until the very end. Anupam believed that the founders of EatVerse were lost and did not understand the extent of the danger involved in expanding into new areas.

Namita also pulled out of the agreement because she believed the entrepreneurs' goal lacked clarity. Amit left as well because he thought the valuation was excessive. For similar reasons, Aman leaves. As a result of his perception that the founders were unsure about their future plans, Ritesh leaves the group.

Read more:- Tohands Smart Calculator Disrupting Traditional Billing on Shark Tank India 3

What is Eatverse?

Details about Eatverse remain scarce outside of the Shark Tank India episode. However, based on the show and online discussions, it can be inferred that Eatverse is a multi-brand cloud kitchen concept. Cloud kitchens, also known as virtual restaurants, operate solely online, focusing on delivery and takeaway services. Eatverse likely functions as a platform that houses multiple restaurant brands under one roof, leveraging shared resources and infrastructure to streamline operations.

What Does This Mean for Eatverse?

Even without knowing the outcome, Eatverse's appearance on Shark Tank India is a significant moment. The show's immense popularity offers valuable exposure for startups. Regardless of the investment decision, the episode likely generated significant buzz and interest around Eatverse.

Conclusion

The future of Eatverse hinges on its ability to navigate the fiercely competitive cloud kitchen landscape. Success will depend on factors like a strong brand portfolio, efficient operations, a robust delivery network, and a clear differentiation strategy.

Whether they landed a deal or not, Eatverse's Shark Tank India appearance has undoubtedly stirred interest. It will be interesting to see how they capitalize on this exposure and carve their niche in the Indian food delivery market.

Read more:- Matri Secures Funding on Shark Tank India Season 3

 

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