When a young woman from Kolkata entered the Shark Tank India set, she did not know that she would return the dynamics of power. Pallavi Luharuka, founder of Bhavisya Plast, came to present his biodegradable plastic – which followed was a full -fledged race among the sharks, fighting to associate with her. At the end of the episode, Pallavi was not only a launcher – she was the real shark in the tank.
Pallavi company, Bhavisya Plast, creates an environmentally friendly bioplastic made from agricultural waste. The material is resistant to heat and water and is promising for several industries. Its product range also includes lubricants and durable paintings.
The panel was intrigued when Pallavi revealed that innovation was a happy accident – discovered during a project at the University of Jadavpur to convert waste rice into ethanol. The same waste now serves as a raw material for its patented plastic. Namita Thapar and Anupam Mittal were visibly amazed. “Good step, but a little start,” said Namita, recognizing the potential while urging the ladder.
Pallavi asked Rs 50 Lakh in exchange for 1.5% equity – enhancement of its activity prior to Rs 30 Broore. She listed existing partnerships with Maruti Suzuki and Berger Pains, and underlined how her products could extend beyond plastic, offering profitable alternatives to traditional emulsions and paintings. Anupam was struck down. “This occurs once in 50 years … It is not a common innovation,” he said, comparing his invention to breakthroughs like telegraph and computer chips.
As the sharks were starting to fight, Namita urged them to let Pallavi breathe. “Let her think!” She said, while the entrepreneur was briefly leaving. But the tension has not undermined. Aman Gupta warned him not to listen to the others, while the newcomer Chirag Nakrani and Anupam clashed who could offer better mentoring. “I have four factories,” said Chirag. Anupam a counters: “I’m going to give you rs 1 crores, double what you ask.”
Namita called him “overwhelming”. Aman asked why investors did not pursue her already. Pallavi replied calmly – they were. In fact, she had refused an RS 10 buyout offer. “I build an RS 1000 crore company,” she told them.
Finally, Aman gave her exactly what she asked for. Anupam, Chirag and Namita also refused to collaborate with others. Pallavi, however, was clear: she wanted a partnership four times. After a little convincing, Namita accepted. The final agreement? RS 2 crores for 10% equity – four times the investment that Pallavi had initially sought.
