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- byStartup Story | March 26, 2024
The ongoing Shark Tank India season 3 witnessed a dramatic interaction between Sharks and 24-year-old entrepreneur Ha Tada, which left viewers stunned. Tada and his partner Siddharth Madhav, 18, pitched FuelV, an innovative gasoline detector and meter company, and asked for Rs 5 million for a 5% stake.
During his pitch, Tada revealed how he left home two years ago against his parents’ wishes to pursue his dream as an entrepreneur. “My parents were ‘just farmers,’ the last thing I remember,” he said, drawing attention and questions from the Sharks. When asked if his parents knew his whereabouts, Mr. Tada admitted that he had minimal communication and expressed regret for parting ways with his family, but he did not know his worth. I promised to prove it.
However, Tada’s apology was met with skepticism from the Sharks. Investor Aman called his actions ‘baccana’ and walked away from the deal, while Vinita criticized him for his apparent lack of appreciation for her parents and accused him of having an ego problem. .
Despite the criticism, Tada continued with his product presentations and was praised for his innovative ideas and resilience to sustain his business. He revealed ways to survive, including entering entrepreneurial competitions and offering coaching classes.
But another fact added to the Sharks’ skepticism. Tada said he had returned to Arunachal to set up an office, raising questions about the possibility of government assistance. Anupam Mittal, one of the Sharks, strongly criticized Tada, saying, “Mujhe lagta hai aapko drame baaji ka bohot shauk hai.” Zindagi chalti hai seekh se, please tell the truth. ” (I know you love drama. Life is a learning process. Please tell me the truth.)
In response to Mittal’s criticism, the Sharks urged Tada to call his parents and emphasized the importance of honesty and transparency in entrepreneurship.
The episode forced viewers to ponder the balance between ambition and authenticity in the entrepreneurial journey, and Tada’s story served as a cautionary tale against the pitfalls of dramatization in the pursuit of success.
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