Freebowler Pitch: It’s the time of year when everyone in the country gathers around their TVs and computers to watch the premiere of a brand new season of Shark Tank, know about the cousin of KL Rahul
While the judges’ responses to the pitchers have been intriguing, it was a pitcher who recently captured the nation’s attention.
Who is Pratheek Palanethra cousin brother of KL Rahul and owner of Freebowler company on Shark Tank India season 2
KL Rahul’s cousin made an appearance on Shark Tank: Season 2 recently. While on stage recently with his business partner to seek financing for their ‘bowling alley’ idea, Pratheek Palanethra revealed that he is the cousin of famous cricketer KL Rahul.
The “Freebowler” bowling alley business was presented by Shark Tank India Season 2 contestants Prateek Palanethra and Vishwanath. In their presentation, they stated that they were the only business offering such low prices on bowling alley equipment.
They asked for 75 million for 7.5 percent equity, but the sharks weren’t interested because their presentation didn’t have the same level of fascination as the other pitchers on the most recent episode. The Sharks were happy to learn that Indian cricket spinner Ravichandran Ashwin will be representing their company. As Prateek further shared, he is the cousin of Indian batsman KL Rahul.
Freebowler founders were cricketers before
While being interviewed by the Sharks, they disclosed that prior to becoming founder, they were both Under-16 players. Prateek Palanethra admitted his interest in cricket after learning that KL Rahul is his cousin.
Even KL Rahul's cousin got an "opening" investor in Shark Tank Season 2 😭😭
— MK (@NotMK45) January 13, 2023
They demonstrated their products for the sharks and discussed pricing with them. Although Prateek and Vishwanath disclosed their financial losses to the sharks, most of them still decided not to back the company.
In Anupam Mittal’s opinion, there is no demand for this item. Mittal said he was surprised by the owners and had a hunch they didn’t know the market despite having been in operation for at least five years.
He emphasised that Prateek Palanethra and Vishwanath had lost money and offered his opinion that this was because the device had no market in India’s cricket industry, as every side already possessed its own bowling machine.
Namita Thapar offered a deal to Freebowler
Thapar offered the owners a deal that consisted of 25 lakhs for 15% ownership. And a 50 lakhs loan at 5% interest. However, Prateek and Vishwanath came back with a counteroffer. Frustrated by their lack of interest, Namita then stated that she had made them an offer to which they had not responded.
The wait is finally over, as we’ll be pitching to the Sharks tonight! Do you think we’ll win this inning with our dream deal? Tune in at 10 pm to discover more! pic.twitter.com/LZUsSP3Qgu
— freebowler (@freebowler) January 13, 2023
Peyush Bansal countered that the other Sharks’ concerns. About the potential for financial loss were really just a reflection of their enthusiasm in the business. Prateek and Vishwanath settled on a sum of 25 lakhs for 7.5% equity. And a sum of 50 lakhs for a loan with 10% interest. Anupam Mittal questioned their strategy for paying off their debts given their current financial situation.
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