Actress-turned-entrepreneur Parul Gulati, who has appeared in a number of popular television programmes including “Girls Hostel,” “Haq Se,” “Illegal – Justice,” and “Out of Order,” impressed the sharks on “Shark Tank India 2” not only with her hair oil line but also with her life-altering choice to launch her business while pursuing her acting career.
In the last episode of “Shark Tank India 2,” Parul introduced her line of hair extensions and explained how it meets the varied demands of women who struggle with hair issues including hair loss, breakage, thinning, and restricted growth, as well as those who like experimenting with their hairstyles. She also mentioned how a production company’s refusal to pay for her hair extensions gave her the idea.
She asked for an investment of Rs 1 crore for a 2 percent equity stake.
Vineeta Singh and Aman Gupta together offered Rs 1 crore for 3% equity, but Peyush Bansal, Anupam Mittal, and Namita Thapar opted out. Amit, on the other side, agreed to 2 percent equity for a Rs 1 crore investment, which led to the agreement.
When she discussed her experience of appearing on the programme, Parul Gulati said: “I’ve been watching ‘Shark Tank US’ for a while, and I’ve always dreamt of pitching my business ideas to the sharks. But when I first launched Nish Hair, I couldn’t have imagined being in front of someone, asking for investment. Because, firstly, I lacked confidence and secondly, numbers truly confused me.”
“So when I finally got a chance to pitch my brand on ‘Shark Tank India 2’, I could barely believe it. I had binge-watched Season 1 and secretly wished I was a shark on it. It has been one of my life’s top three moments, and I’m so happy that I decided to go as a contestant. I’ve never felt so cool and alive. I started my company without attending business school and developed a fantastic solution that aids women struggling with hair issues,” Parul Gulati said.