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Meet 19-Year-Old Founders Who Got Double The Original Amount Asked On Shark Tank India
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The new season of Shark Tank India has brought forward a lot of talented budding entrepreneurs. You will be amazed to know that some of them are quite young. One of the recent episodes witnessed 19-year-old founders of a lifestyle jewellery brand offering ‘bling jewellery’ by the name Zillionaire India. The jewellery is primarily made of silver and/or cubic zirconia.
Zillionaire India is a Jaipur-based startup that makes ‘bling jewellery’ popularised by rappers
The ‘bling jewellery’ is only available for sale on the company website. Zillionaire offers customized items with a regular range of pendants, earrings, bracelets, cuffs, etc. The minimum value for a custom piece is ₹15,000 and the average order value is ₹14,000.
Aaditya Fatehpuriya and Raghav Goyal founded this direct-to-customer (D2C) brand in 2020
They have a verified Instagram handle with over 56k followers. In the first year of its operations the startup made revenue of ₹11 lakh. With a growth rate of 554%, raking in sales to the tune of ₹72 lakh in FY22.
The company’s year-to-date sales hit ₹1 crore in the 7 months of FY23 with a profit of ₹15 lakh. The total sales projected by the founders was worth ₹2 crore in FY23.
Bollywood actors and notable personalities like Varun Dhawan, Ranveer Singh, Janhvi Kapoor, singers B Praak and Raftaar, and director Karan Johar are included in the startup’s clientele.
While introducing Zillionaire on the show, the founder Goyal stated,
“We don’t just want to be a jewellery brand. We want to be a lifestyle brand, so that in the future if your chair has the logo of Zillionaire, its value rises. The sky’s the limit for us”
This startup’s founders asked for an investment of ₹50 lakh and walked away with double the original amount on Shark Tank India
Shark Anupam Mittal, the founder of Shaadi.com, agreed to ₹1 crore for 10% equity when the entrepreneurs asked for an investment of ₹50 lakh for 3.3% equity, which was double the amount.
How did the youngsters get the idea of the startup?
The two founders were 16 and were studying in Grade 11 during the pandemic. The duo got to discussing rap music. The idea of producing bling jewellery for themselves came on their minds. They started uploading their designs on social media specially on Instagram. This is how their startup Zillionaire was born.
Both the founders look after the production, design, and marketing of the products at present.
Did you know that Zillionaire India helped Goyal earn a 40% scholarship?
The founder Goyal is currently studying at the Parsons School of Design in New York as Zillionaire India helped him earn a 40% scholarship.
The other 19-year-old founder Fatehpuriya is associated with Zillionaire full-time. For over 30 years, his father has been running a jewellery business. He is involved in manufacturing and exporting fine jewellery, especially for women. And now, Zillionaire India’s production is also handled by his father’s company.
The founders are responsible for the product designing and they pay the cost of production per piece to Fatehpuriya’s father’s company. The cost includes the cost of material and labour. Presently, the daily production of Zillionaire includes 30 to 40 pieces.
The aim of the founders is to generate monthly sales worth ₹2 crore by 2026 and expand into international markets
Their vision is to expand their business globally in Australia, Dubai, and the UK. They’re already available in the US.
When Goyal was asked what sets Zillionaire India unique, he stated,
“We’re living what we’re selling. The knowledge we have of hip-hop and this culture, usually others (jewellery designers) don’t have. We make sure to hit our customers psychologically. We already get opportunities to collaborate with Marvel, FIFA, etc., and create products for them – but they ask for MG (minimum guarantee). We’re a bootstrapped brand currently, and can’t afford that MG. In the future, if brand awareness and consequently sales increase, we can even lower the price, if required,”
“King of bling”
The executive director at Emcure Pharmaceuticals, Namita Thapar, backed out at the beginning stating that their business would not yield 100% return due to high average ticket price and existing competition.
However, the young entrepreneurs managed to impress the other sharks with their product and idea so much that they received two competing offers.
Anupam Mittal was made the first offer – ₹1 crore for 10% equity, valuing the company at ₹10 crore. The following offer came as a joint offer by sharks Aman Gupta (co-founder, boAt), Peyush Bansal, (co-founder, Lenskart) and Vineeta Singh (co-founder, Sugar Cosmetics)– ₹50 lakh for 10% equity, which valued the company at ₹5 crore.
Mittal responded to the offer by briefing the founders that,
“by having just 2-3% equity, no shark will be dedicated to your business. You need someone who has skin in the game. Don’t make a mistake!”
The founders finally chose to go with a single shark, Anupam Mittal, and naming him “the king of bling.”
Vineeta Singh wanted to match Mittal’s offer but didn’t because of Aman Gupta who appeared shocked at the decision. Peyush Bansal remarked that “he got it wrong”. Even Gupta admitted that they didn’t get the deal because of him, and Singh reiterated that she was really interested in this deal.
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Daylight robbery is not quite usual but it does not strike out the fact that it is highly possible. Many a time cases as such have surfaced online where normal people were robbed in broad daylight. Recently, the passengers in a taxi got robbed inside the Pragati Maidan tunnel in Delhi on Saturday afternoon.
Four men rob taxi passengers at gunpoint in broad daylight and here is what Delhi Police have to say
On Saturday, a delivery agent and his associate were robbed at gunpoint by a group of unknown assailants, stealing around Rs 1.5 to Rs 2 lakh cash from them. In spite of having 16 security guards in the Pragati Tunnel, there were no CCTV cameras installed. Although the Public Works Department assured that cameras are installed, they did not confirm their operational conditions.
The victims made a complaint at Tilak Marg police station later in the evening. The Pragati tunnel is a 1.5 km tunnel that connects New Delhi with Sarai Kale Khan and Noida. The police said that following the complaint made by the victims, a case has been filed under Sections 397 IPC which covers robbery, or dacoity with an attempt to cause death or grievous hurt and 34 (common intention).
The Deputy Commissioner of Police, Pranav Tayal, has shared that the complainant can be identified as Patel Sajan Kumar and his associate Jigar Patel. Patel Sajan works as a delivery agent for a private firm in Chandni Chow and has informed the police that he and Jigar were going to Gurugram to deliver the cash to a client.
As per the registered complaint, the two of them hired an Ola cab from near Red Fort. As soon as the cab entered the Pragati Maidan tunnel from Ring Road, four assailants on two motorcycles surrounded their cab and robbed the cash off them keeping them at gunpoint.
While the police are looking into the matter, Delhi Chief Minister Arvind Kejriwal is not satisfied with the deterioration of public safety needs
As soon as the CCTV footage surfaced, Arvind Kejriwal lashed out at Lieutenant Governor Vinai Kumar Saxena and demanded his resignation from the post.
Kejriwal took to Twitter to share the footage and wrote,
“If Central govt is unable to make Delhi safe, hand it over to us. We will show u how to make a city safe for its citizens”
LG shud resign. Make way for someone who can provide safety n security to the people of Delhi.
If Central govt is unable to make Delhi safe, hand it over to us. We will show u how to make a city safe for its citizens. https://t.co/oPtqnAWlgJ
— Arvind Kejriwal (@ArvindKejriwal) June 26, 2023
Delhi Minister Atishi also took to Twitter and slammed the incompetency of the Lieutenant Governor. She tweeted,
LG साहब: अगर आपको @ArvindKejriwal के कामों का क्रेडिट लेने से फ़ुरसत मिले तो कभी अपनी संवैधानिक ज़िम्मेदारी पर भी ध्यान दीजिए। दिल्ली वालों को सुरक्षा देना आपका काम है। और अब दिन दहाड़े दिल्ली में चोरी, डकैती और क़त्ल की वारदातें हो रही हैं। या तो आप सुरक्षा की ज़िम्मेदारी लीजिए,… https://t.co/RG4c9ozWnW
— Atishi (@AtishiAAP) June 26, 2023
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Coming across train service complaints on social media is nothing new. Very often than not we find passengers complaining about bland food or bugs in the cooked food provided to them. Quite recently someone took to Twitter regarding a complaint where they found plastic in the railway food. But the latest thing that happened has actually stunned everyone when a video of the roof of a passenger coach train surfaced online.
Indian Railways slammed over water leakage in AC coach
Netizens have harshly criticized the poor management and maintenance of the train coaches after a surprising video surfaced online. Recently, a video went viral on social media platforms in which it can be clearly seen rainwater seeping in through the roof of the 2-tier AC coach of the Avantika Express. The Congress party also reshared the video uploaded by a passenger and took to Twitter to play the blame game immediately.
The tweet said,
“काश खोखले प्रचार की जगह रेलवे के लिए कुछ काम किया होता। झंडी दिखाने वाले रेल मंत्री अभी विदेश में हैं, नाम वाले रेल मंत्री ध्यान दें। (Wish some actual work would have been done for the Railways in place of empty propaganda. The railway minister who shows the flag is currently abroad, the named railway minister should pay attention)”
काश खोखले प्रचार की जगह रेलवे के लिए कुछ काम किया होता।
झंडी दिखाने वाले रेल मंत्री अभी विदेश में हैं, नाम वाले रेल मंत्री ध्यान दें। pic.twitter.com/FNLvQL1Ihu
— Congress (@INCIndia) June 25, 2023
It was a jab at the Prime Minister, Narendra Modi, who recently flagged off 11 Vande Bharat Express, the Railways’ newest hi-tech train.
Railways response to the above-mentioned tweet
The Western Railway took to Twitter to respond to that tweet hours later and stated that all the coaches of the Avantika Express train were properly checked.
The tweet read,
“All coaches of Avantika Exp have been checked thoroughly & issue has been attended to promptly. The train has commenced its return journey & there are no such issues now. Passenger convenience is of utmost priority & WR leaves no stone unturned to resolve passengers’ grievances”
All coaches of Avantika Exp have been checked thoroughly & issue has been attended promptly.
The train has commenced its return journey & there are no such issues now.
Passenger convenience is of utmost priority & WR leaves no stone unturned to resolve passengers’ grievances. pic.twitter.com/V9QyKiIowJ
— Western Railway (@WesternRly) June 25, 2023
Netizens have strongly reacted to this video
Many Twitter users have either chosen sarcasm or disappointing words to slam the Railways.
Second ac coach ka ye hal bahut दुखद है
Unacceptable— Piyush Pandey (@Pandey4443) June 25, 2023
Its Romantic- Bed and Shower !
— राहुल गांधी (@BroRahulGandhi) June 25, 2023
Thandi hawa ke sath sath sarkar ne barish ke pani ka bhi anand lene ke liye ye nayab tarikib lagai hai isme bhrastachar bilkul nhi hai aur haa jine murko ke ye lgta hai isme amir log travel krte hai to unko ye bta du amir log plan me jate hai aur dikhave wale amir train me….🤐
— subodh Navik (@navik_subodh) June 25, 2023
Indian Railway has launched NEW SUITE COACH with open shower facility.
Indian railways are also discussing to provide shower gel, Shampoo & Bathrobe to the passengers in these trains.
Modi !! Modi !! Modi 🙏🏻🙏🏻#AvantikaExpress #Mumbai #Indore #IndianRailways @AshwiniVaishnaw pic.twitter.com/TB2GevjYKl
— Mahua Moitra Fans (@MahuaMoitraFans) June 25, 2023
This is probably not the first time that something has happened as per the claims of this Twitter user,
Recently travelled from 12424 Rajdhani Express to #Guwahati , had a very bad experience.
As it was raining the rainwater was leaking in every coach and also there was no water in most of the dirty toilets. TTE ignored the complaint and asked to register complaint via phone.— KHATI AXOMIYA (@AxomiyaKhati) June 21, 2023
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On Sunday, Shah Rukh Khan aka the King Khan, completed 31 years in Bollywood industry. It was in 1992, when he made his debut in the industry with the movie Deewana opposite late actress Divya Bharti. As the fans celebrated the big day on social media with amazing messages and tributes for the actor, SRK also decided to celebrate the occasion with his fans in his own style.
Shah Rukh Khan completed 31 years in Bollywood
He took some time out of his busy schedule and held an #AskSRK session on Twitter. Starting the question and answer session on Twitter, SRK wrote:
“Wow just realised it’s 31 yrs to the day when Deewana hit the screens. It’s been quite a ride mostly a good one. Thanks all and we can do 31minutes of #AskSRK ??”
In no time, his Tweet was flooded with a variety of questions from fans for their favorite actor. SRK, who is known for his hilarious sense of humor, gave amazing replies to his fans with wit and humor.
Wow just realised it’s 31 yrs to the day when Deewana hit the screens. It’s been quite a ride mostly a good one. Thanks all and we can do 31minutes of #AskSRK ??
— Shah Rukh Khan (@iamsrk) June 25, 2023
SRK celebrated the big occasion with the fans
While interacting with the fans, King Khan stumbled upon a question that was asked by a female fan, who is currently pregnant with twins. The fan came up with an epic Tweet for the Pathaan actor. She asked:
“sir i am pregnant with twin babies..wish me luck i will name them pathaan and jawan.”
sir i am pregnant with twin babies..wish me luck i will name them pathaan and jawan ❤️ #AskSRK 5
— S 🐺 (@larkemaidumhai) June 25, 2023
SRK was quick to notice the Tweet and come up with a reply to it
He replied,
“All the best but please name them something better!!”
All the best but please name them something better!! https://t.co/4cdYLSAz7w
— Shah Rukh Khan (@iamsrk) June 25, 2023
Besides all the funny and hilarious answers, SRK was also seen giving some serious answers. A fan asked him if he would do a movie like Swades again, a role that was loved by one and all
Talking about his work front, SRK made a comeback after a hiatus of 4 years with Siddharth Anand’s blockbuster action-thriller Pathaan, which hit the theatres in January this year. SRK will be next seen in the upcoming action-thriller Jawan, which will be released on September 7th.
Jawan is directed by South filmmaker Atlee. Produced under SRK’s Red Chillies Entertainment, the movie also stars Nayanthara and Vijay Sethupathi in lead roles.
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