Shark Tank India: Ashneer Grover rejects Contestant Mayank Pareek told him “Terese Na Ho Payega”

Every entrepreneur in this world dreams of making their company successful and modifying it into a unicorn and reality shows like Shark Tank India have not only given them a platform to shape their business but it has also motivated them to be an inspiration for other people. A lot of entrepreneurs and business owners took part in this reality show as a contestant and they went back with remarkable deals for their brands.

In an episode of the prominent Indian reality show Shark Tank India, an entrepreneur from Bengaluru had presented his startup named Scholify but unfortunately, he wasn’t able to convince the sharks and had to go back without any deal.

The founder of Scholify, Mayank Pareek, has established an app that helps the students apply for suitable scholarship programmes easily and in exchange for 7.5 per cent equity of his company, he inquired for Rs 50 lakh from the judges aka sharks. The video clip of this pitch was uploaded on the official account of Sony TV recently.

At the beginning of the pitch, the chief of shaadi.com, Shark Anupam Mittal, expressed that after a long time he is seeing something different; nonetheless, after a few minutes, he got disappointed with Pareek’s business model and decided to step out of the deal. Mayank Pareek added that his purpose is different and so he doesn’t want to create a lending company.

As the conversation moves forward, Mayank revealed his earnings and asserted that till now he has successfully provided scholarships to 2,200 students but he hasn’t earned a single penny to date. None of the sharks was interested in this deal as there was no business at all. Mayank Pareek was just doing charity whereas, Shark Tank India is a place for people who want to scale their business.

The co-founder and former managing director of BharatPe, Ashneer Grover, further put into the conversation as he announced that Mayank Pareek doesn’t have the qualities and abilities to become an entrepreneur and he confided Pareek “Tere se na ho payega”.