Pallavi aims to build a Rs 1,000 crore empire

Pallavi, an entrepreneur from Kolkata, recently made a big splash on Shark Tank India with her biodegradable plastics business. She originally asked for Rs 50 lakh but ended up walking away with a Rs 2 crore deal for 10% of her company after a heated bidding war among investors. Pallavi's business stands out because her products are environmentally friendly and cheaper than current options. She has already secured contracts with large companies like Maruti Suzuki and Berger Paints. Her innovation extends beyond plastics, including paints and emulsions. Investor Anupam Mittal called it a "once-in-50-year breakthrough,” comparing it to major inventions like the telegraph. During her pitch, Pallavi showed confidence and a strong vision for her company. Initially valuing her startup at Rs 30 crore, she impressed the sharks and captured their interest. Investor Anupam Mittal quickly doubled her initial request, and other sharks also expressed their desire to invest. Pallavi later revealed that she had turned down a Rs 10 crore buyout offer for her patent, demonstrating her commitment to growing her business into a Rs 1,000 crore empire. This revelation impressed the sharks even more, and she successfully negotiated a deal with all four investors for Rs 2 crore, giving them 10% equity in her company. Other eco-friendly startups also presented their ideas on the show, including one that turns used cooking oil into biodiesel, and another that makes recycled stationery from waste paper.