Overview
- Mama Nourish, a Mumbai-founded snacking brand with negative EBITDA and roughly Rs 47 lakh in cash, accepted Aman Gupta’s offer of Rs 2 crore for 20% equity after other sharks exited.
- The founders of Mama Nourish initially sought Rs 60 lakh for 1.5% equity, but Gupta insisted on a larger stake, calling his proposal the only near-term lifeline for the company.
- Kreo’s Bengaluru-based founders claimed Rs 70 crore in three-year sales and asked for a Rs 200 crore valuation for 1% equity, drawing pushback on market trends and finances.
- Aman Gupta warned the Kreo team to be fully transparent, and Kunal Bahl questioned their financial judgment, calling the business under water with insufficient cash to service debt.
- Ritesh Agarwal closed Kreo at Rs 1 crore for 1% equity plus Rs 1 crore debt at 9% for three years, setting a Rs 100 crore valuation that can rise to Rs 150 crore if targets are met.