Shark Tank India Pitchers Turn Rs 30 Sticker into Rs 3.5 Cr Business

Rahul Jha and Almas Rizvi appeared on Shark Tank India to pitch their business, Sampark, which sells QR-enabled car tag stickers.

These stickers help people find details of a car owner who has wrongly parked or is in an emergency.

They asked for Rs 1 crore for 2% of their company, which was worth Rs 50 crores.

The company made Rs 3.5 crores in revenue last year and has a 95% gross margin.

However, the Sharks were skeptical about the product's practicality and scalability in India.

Despite impressive numbers, none of the Sharks invested, citing concerns about the product's defensibility and the Indian market's readiness for such a service.

The founders left without a deal but gained brand awareness.