boAt Founder Aman Gupta & Lenskart CEO Lose 4% Equity In A 7.5 Crore Company Tramboo Sports, Sony To Lose 100 Crore?
Shark Tank India season 3 is creating all the proper of noise this season with some wonderful offers and new entrepreneurs making their approach to the TV display screen. In a latest episode, an organization known as Tramboo Sports activities made a pitch for his or her cricket bat model and in addition received a deal on the present.
In episode 7 of the present, sharks Peyush Bansal and Aman Gupta had been impressed by the Tramboo Sports activities pitch achieved by the house owners Hamad Tramboo and Saad Tramboo. Hamad and Saad even closed a take care of the 2 sharks. However now the deal appears to be in hassle.
In response to studies, boAt founder Aman Gupta and Lenskart CEO Peyush Bansal may lose their 4% fairness on this 7.5 crore firm and their funding of 30 lakh since a case has been registered in opposition to the Tramboo Sports activities and Sony Photos Networks, in line with studies the deal has been accused of spreading misinformation.
In an episode of Shark Tank India, Tramboo Sports activities claimed that they’re the only real producer of Kashmir Willow cricket bats. Nevertheless, now, as per a report by Kashmir Dot Com, the Cricket Bat Producers Affiliation of Kashmir (CBMAK) has slapped a authorized discover in opposition to Tramboo Sports activities and Sony Leisure Tv.
Snapping Sony with a compensation demand of 100 crore, CBMAK has claimed that the claims made by Tramboo Sports activities have ruptured the indigenous Kashmiri bat-making trade. The delegation by way of KDC mentioned, “The bats manufactured by CBMAK members are highlighted for his or her superior high quality, with numerous star cricketers endorsing and using them. This units the stage for the affiliation’s claims in opposition to Tramboo Sports activities.”
The claims and allegations additional mentioned, “We contend that Tramboo Sports activities’ false assertions have led to a extreme jolt within the gross sales and provide of CBMAK members’ bats. The claims have additionally misled the general public and purchasers, tarnishing the picture of the indigenous trade.”
The affiliation has additionally demanded an on-air apology inside 15 days from Sony Photos Networks and Tramboo Sports activities, aside from the 100 crore compensation for damages, loss, and psychological agony.
KDC reported, “CBMAK calls on ‘SONY Leisure Tv’ to take possession and duty for the content material aired on its platform because the onus of its verification earlier than telecasting lies on them, thereby demand a public apology in the identical TV present and compensation for the damages triggered. The affiliation asserts that they’re already on the course of authorized proceedings and can take the struggle to its logical conclusion, the assertion added.”
For updates, keep tuned to Koimoi.
Should Learn: Shark Tank India: boAt Founder Aman Gupta’s Web Value Drops By A Whopping 9800 Crore In 2 Years? [Fact Check]
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