Home Viral News Peyush Bansal Update On Jugaadu Kamlesh’s Is What We All Have Been Waiting For
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Peyush Bansal Update On Jugaadu Kamlesh’s Is What We All Have Been Waiting For

Published: Updated: 4 minutes read

The show comprises a panel of ‘Sharks,’ or possible investors, who listen to entrepreneurs propose ideas for new businesses or products. Rannvijay Singha is the show’s host.

The basic premise of the Shark Tank television show is for one of the Sharks (investors) or the entrepreneurs (pitchers) to persuade the other side to accept the worth of their company and make a deal based on that pricing. When entrepreneurs approach the Sharks with high valuations, the Sharks usually respond by lowering their pricing.

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The event got 62,000 applications from India, and 198 companies were chosen to present their concepts to the ‘sharks.’ This season, 67 businesses received deals out of 198 investment pitches on the reality TV show.

Shark Tank became one of the most popular television shows in recent times. The popularity of Sharks and some of the pitches has gained huge popularity.

The panel of sharks includes Anupam Mittal, founder and CEO of Shaadi.com; Ghazal, co-founder and chief of MamaEarth; Namita Thapar, executive director of Emcure Pharmaceuticals; Peyush Bansal, co-founder and CEO of Lenskart; Vineeta Singh, CEO and co-founder of SUGAR Cosmetics; Ashneer Grover, managing director and co-founder of BharatPe and Aman Gupta, Co-founder and Chief Marketing Officer of boAt.

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These sharks are the self-made multi-millionaires who assess the business plans and items presented before deciding whether or not to spend their own money in marketing and mentoring each participant.

In exchange for their money, the Sharks usually expect a piece of the company, usually a percentage of ownership and a cut of the profits. The entrepreneur obtains funding in exchange for giving up a piece of the company, but more importantly, they typically gain access to the Sharks, their web of ties, their suppliers, and their years of professional experience and expertise.

Shark Tank India not only taught us about entrepreneurship but also kept us interested in the lives of the participants and judges after the programme ended. Kamlesh Nanasaheb Ghumare aka Jugaadu Kamlesh was one of these contestants, and his pitch was the season’s highlight.

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People have been curious about Kamlesh’s location ever since Peyush Bansal invested in his hand-drawn carts

Everyone is even more eager to learn about the development after seeing a preview of their first encounter after the concert. Peyush Bansal responded by providing an update on Kamlesh and his innovation.

Peyush wrote about the product proposal that Kamlesh proposed on the show in an Instagram post. He stated,

“Everyone I meet these days has one question….what is the update on Kamlesh from @sharktank.india? While I don’t believe in talking about things till we achieve something, because of popular demand…here is a quick update…We have initiated a process of design and consumer validation of the cart with help of a team of professional Industrial designers. The Design Team visited Malegaon and nearby farms, spent time with different farmers and different crops, along with @jugaadu_kamlesh, Naru and took a lot of feedback.”

Peyush went on to add,

“Biggest concerns are: Weight of Cart, movement on different uneven terrains and width of cart (as alley size is small in certain crops). Next steps: Find creative solutions to these problems, do design optimisations and go back and test again. Some pics attached. Hope it helps to keep the momentum and hopes high 🙂 Will keep you posted !!! Cheers.”

Jugaadu Kamlesh update

Peyush Bansal/Instagram

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You can read the complete post below:

 

View this post on Instagram

 

A post shared by Peyush Bansal (@peyushbansal)

People were definitely pleased with the comprehensive update, as seen by their reactions.

After his participation in Shark Tank India, Jugaadu Kamlesh captured many hearts, especially because the product’s goal was to aid farmers, and we’re pulling for him and the product.

Also read: 6 Times Peyush Bansal Proved That He Is More Than Just An Investor On Shark Tank India

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