Archive · 23 Jan 2026
Shark Tank India Rejects Two Startups
In the latest episode of Shark Tank India Season 5, two startups, Wrestlefanent and Sovrenn, pitched their businesses to the judges.
Wrestlefanent's founder, Nikunj, asked for Rs 75 lakh for 10% of his company but was rejected by all judges due to questions about his business numbers and model.
Sovrenn, a stock analysis platform, was presented by three founders with impressive academic backgrounds from IIT and IIM.
However, they also failed to secure an investment because their business lacked AI integration and had an unfair share distribution among founders.
Another startup, Multibagg.ai, which uses AI for stock analysis, secured a Rs 50 lakh investment from Aman Gupta.
The judges felt that Sovrenn's approach was outdated compared to the AI-driven model of Multibagg.ai.
Wrestlefanent founder Nikunj pitched for Rs 75 lakh investment for 10% equity but was rejected by all Shark Tank India judges.
Sovrenn, a stock discovery and analysis platform, pitched for Rs 1 crore investment for 1% equity but failed to secure a deal.
Sovrenn's founders impressed judges with their IIT and IIM backgrounds but were criticized for lack of AI integration and unfair share distribution.
Multibagg.ai, an AI-driven stock analysis platform, secured a Rs 50 lakh investment from Aman Gupta.
Judges remarked that Sovrenn's approach felt outdated in the rapidly evolving, AI-driven market.
- Who
- Nikunj (Wrestlefanent), Akriti Swaroop, Aditya Joshi, Apoorva Joshi (Sovrenn), Multibagg.ai founders, and Shark Tank India judges.
- What
- Pitches by Wrestlefanent and Sovrenn on Shark Tank India Season 5, with Multibagg.ai also presenting.
- When
- During Shark Tank India Season 5.
- Where
- On the sets of Shark Tank India.
- Why
- To secure investments for their respective startups.
Sovrenn
Multibagg.ai
Business Model
Sovrenn
Sovrenn uses manual analysis for stock discovery and tracking.
Multibagg.ai
Multibagg.ai leverages AI for its stock analysis and discovery.
Investor Appeal
Sovrenn
Sovrenn's founders impressed judges with their academic credentials but failed to secure investment due to lack of AI integration and unfair share distribution.
Multibagg.ai
Multibagg.ai secured an investment from Aman Gupta with its AI-driven approach.
- Company 1
- Wrestlefanent
- Founder 1
- Nikunj
- Location 1
- Delhi
- Requested Investment 1
- Rs 75 lakh
- Equity Offered 1
- 10%
- Valuation 1
- Rs 7.5 crore
- Shark Tank Appearance 1
- Season 5, 5th attempt
- Company 2
- Sovrenn
- Founders 2
- Akriti Swaroop, Aditya Joshi, Apoorva Joshi
- Location 2
- India
- Requested Investment 2
- Rs 1 crore
- Equity Offered 2
- 1%
- Valuation 2
- Rs 100 crore
- Shark Tank Appearance 2
- Season 5
- Company 3
- Multibagg.ai
- Investor 3
- Aman Gupta
- Investment Amount 3
- Rs 50 lakh
Sources
5th rejection on Shark Tank: Vineeta Singh slams pitcher’s ‘Khayali Pulao’ business model
Shark Tank India 5 pitchers with 3 IIT and 2 IIM degrees call Sharks ‘bad investors’ as they walk away with no deal
Shark Tank India pitchers with 3 IIT, 2 IIM degrees walk away without a deal: ‘Duniya aage nikl gyi’ says Anupam Mittal
