In the latest episode of Shark Tank India, Vineeta Singh confronted the founders of Palmonas, a demi-fine jewellery brand co-owned by Shraddha Kapoor, over their warranty claims. The pitch was made by husband-wife duo Pallavi and Amol, who sought Rs 1.26 crore for 1% fairness, valuing their firm at Rs 126 crore.
Shraddha Kapoor’s jewellery brand faces scrutiny over warranty claims on Shark Tank India: Vineeta Singh accuses Palmonas of “scamming customers”
The duo defined that their jewellery provides a premium plating in comparison with synthetic choices and is protected for the pores and skin. However, the dialogue took a pointy flip when Vineeta questioned their ‘lifetime warranty’ coverage. Meanwhile, Aman Gupta was left in awe of Namita Thapar’s negotiation expertise as she offered a suggestion that met the founders’ valuation expectations.
Shraddha Kapoor’s Stake and Absence from the Show
During the pitch, the sharks have been inquisitive about Shraddha Kapoor’s involvement in Palmonas. The founders revealed that Shraddha owns a 21% stake within the firm and have become an element of the brand after organically discovering their merchandise on-line. Pallavi recounted how Shraddha bought a number of objects herself earlier than being approached for collaboration. However, her absence from the present raised eyebrows, with Pallavi explaining that pitching wasn’t within the actor’s consolation zone.
The Valuation Debate and Namita Thapar’s Offer
Palmonas, projecting income of Rs 35 crore this 12 months, had already secured Rs 6 crore in angel funding at a Rs 126 crore valuation. When it got here to negotiations, Aman Gupta expressed skepticism in regards to the valuation and supplied a considerably decrease Rs 20 crore. Namita Thapar, on the opposite hand, matched the founders’ valuation however included a 1% royalty clause. While Pallavi instantly rejected the royalty, Namita argued that the extra price was justified in alternate for her experience.
Vineeta Singh Calls Out ‘Lifetime Warranty’ Claim
The most heated second occurred when Kunal Bahl scrutinized Palmonas’ ‘lifetime warranty’ coverage, discovering that it wasn’t as complete as marketed. Instead of full replacements or refunds, the corporate provides a proportion of the order price as retailer credit score after a sure interval. This revelation shocked Vineeta Singh, who known as out the deceptive observe, stating, “This isn’t a lifetime warranty. Jab customers ko pata chalega ke lifetime warranty ke naam pe unhe thugga gaya hai, toh brand pe impact hoga?” She identified that receiving Rs 400 in retailer credit score for a Rs 3,000 product held no actual worth for purchasers.
Also Read: EXCLUSIVE: STAR-studded affair – Shraddha Kapoor and household, Kolhapures, Sharmas, Moranis to have a good time birthday of Priyaank Sharma and spouse Shaza Morani’s daughter on a yacht in Pattaya, Thailand
BOLLYWOOD NEWS – LIVE UPDATES
Catch us for up to date Bollywood News, New Bollywood Movies replace, Box workplace assortment, New Movies Release , Bollywood News Hindi, Entertainment News, Bollywood Live News Today & Upcoming Movies 2025 and keep up to date with newest hindi films solely on Bollywood Hungama.
