YouTuber Gaurav Taneja, popular for his family vlogging channel Flying Beast, will feature in the latest season of Shark Tank India. In a YouTube vlog, Taneja addressed media reports and suggested that he earns around Rs 1 crore per hour through his whey protein business Beast Life.
Even before his episode aired, people started thinking that he was making so much money.
“People are starting to think I'm making a crore in one hour, but that's not how it works. It's just income; it's not money in the bank or money in the pocket,” said the YouTuber.
He added that since Beast Life is a start-up company, whatever he and his CEO earn is put back into the business. “Don't believe everything you see on business channels on YouTube. You need to understand how the internet works.”
He also addressed claims that he went on the show for marketing and not funding. “I need both marketing and money. You can't do business without them. We went to both, it's not like we don't need marketing. We did. The biggest companies in the world need marketing.”
Further, he admitted that he had 'knock-jokes' with some of the investors on the show, adding that the episode had enough 'masala' for his fans.
He said that he has no intention of going to the shark tank and there is more risk if his wife Ritu Rathi is taken to The Beast Life exhibition. Taneja also mentioned how his CEO felt that going reality would set him back if investors didn't like his product.
He also recalled Pathik Patel's pitch on Fit & Flex in Season 3, where Deepinder Goyal and Anupam Mittal accused him of misleading customers. Later, Patel accused Sony TV of editing key parts of the pitch, then ignoring the data he sent for his comments.
Patel said he never claimed his products were healthy, adding that Namita Thapar had edited out her rebuttal to Anupam Mittal. Despite this, when one of his investors advised him, Gaurav Taneja decided to enter the show.