Back
Havish Gupta
Figuring Out • 1y
Ganda Dhanda (2/20) Boat and Hammer In Shark tank S1, Rohit pitched his company called Hammer Lifestyle in Shark Tank. It was a direct competition to Boat which sold products like Headphones, Speakers and electric toothbrush. Rohit had asked a 10 crore valuation with a 80 Lakh monthly sale. He got an offer from Aman to buy out the company for 1cr which was later reduced to 1cr for 40% (which he accepted). But the condition was that he will have to stop everything and limit to selling Electric Toothbrush. So while it looks a great deal, but it wasn't. All what Aman wanted is to kill Hammer. But that didn't happen. I don't know that was Aman's deal accepted later, but what we know is that not only Hammer's sale tripled but they also launched 7 more SKUs. So Yeah. This was yet another tactic for big companies to kill their competition (which didn't worked here). So take this into account before fund raising. What do you think of this about this?
Replies (18)
More like this
Recommendations from Medial
Jaswanth Jegan
Founder-Hexpertify.c... • 1y
Weird Marketing Strategy by BoAt: In the initial days of BoAt Aman Gupta went to a shop and asked to buy and place his product in his store but the shop keeper rejected it so Aman after 2 days he sent his wife to the same shop and asked the shop an
See More
Mahendra Lochhab
Content creator • 5m
BoAt (imagine marketing) started by Aman Gupta and Sameer mehta in 2016. Sameer mehta is the CEO of boAt and Aman is Chief Marketing Officer(CMO). In the beginning of his career Aman gupta worked as an assistance manager in Citi group and later al
See More
Adithya Pappala
Zero Fund-VC|Investi... • 10m
Mukesh Ambani doesn't Play Cricket But he owns the largest Cricket Streaming Platforms JioCinema which Streams Cricket Gautam Adani doesn't report the news But he owns one of the largest NDTV news channels which reports the news Radhakishan Da
See More
Elite Nexus
INFO INFO EVERYWHERE • 4m
From Rejection to Revolution – The boAt Story In 2016, Aman Gupta and Sameer Mehta set out to build an Indian audio brand, but investors weren’t convinced. Facing multiple rejections, they bootstrapped their way into the market. With a deep underst
See More
Ashutosh Mishra
Chartered Accountant • 1y
MKBHD new video over Humane AI pin where he termed the product as ‘The Worst Product I’ve Reviewed… For Now‘ has sparked a controversy whether such criticism was required. Earlier, Fisker a car company was also reviewed by him where he termed it as t
See More
Download the medial app to read full posts, comements and news.