An entrepreneur from Chandigarh recently appeared in the latest episode of Shark Tank India Season 5. Arushi Jain, Founder of Emori that deals in lab-grown diamonds impressed all the sharks. In fact, shark Namita Thapar stated that there is a spunk in her.
For those who haven't watched the episode, shark Anupam Mittal asked if she has started this lab-grown diamond business to prove something. Arushi responded that she did not start her business to prove anything to anyone. She started the lab-grown diamond business just for herself as everyone in her family runs a business.
Although living in Gurugram for the last 10 years, Arushi Jain stated that she hails from Chandigarh.
Arushi Jain explained, "Emori is a lab grown diamond jewellery brand. It offers designs in 18-karat and 24-karat purity. For the past 2 years we have made our customers' buying experience a zero-risk through our life-time warranty, transparent pricing, and others. Sharks after making our 1 store profitable, we are ready for scaling. My ask is Rs 75 lakh in exchange of 1 percent equity."
Arushi Jain then clarified that she originally hail from Chandigarh.
She said, "I belong to Chandigarh. I have been living in Gurgaon (Gurugram) for last 10 years. I did my Engineering from Panjab University, Chandigarh. Then, I did my MBA from IIM Calcutta."
"My first job was as an Investment Banker with Goldman Sachs in Bengaluru. Thereafter, I switched to Financial Consulting Firm in Gurgaon. Then, again I switched to a political consulting firm. I got the opportunity to work during UP Assembly Election in 2017. After that, I worked for 6-years in OYO. At OYO, I got experience in different roles from Business Development to Marketing. I started Emori in September 2023."
In the end, Arushi secured 4-sharks deal from Amit Jain, Anupam Mittal, Namita Thapar, and Ritesh Agarwal. Arushi did not accept Aman Gupta's lone-shark deal.
Ultimately, Emori secured Rs 3 crore deal for 6 percent, in which Anupam Mittal will give Rs 1.5 crore for 3 percent. Notably, shark Aman Gupta had offered Rs 2 crore for 4 percent that was not accepted by Arushi.