In a groundbreaking episode of Shark Tank Pakistan, Saraaf, a leading commodity and mineral sourcing company, secured the largest investment deal in the show’s global history.
Saraaf pitch captivated the sharks
Cofounders Bilal, Ismail, and Taha presented their pitch, seeking Rs1.5 billion in exchange for 20 percent equity. Their pitch captivated the Sharks as they outlined their vision for transforming commodity trading across Central and South Asia, focusing on trust, market efficiency, and sustainability within the region’s resource-based industries.
While the panel—comprising Rabeel Warriach, Romanna Dada, Faisal Aftab, and Junaid Iqbal—recognized the potential of Saraaf’s business model, it was Usman Bashir who ultimately took the bold step of making an unprecedented investment offer.
Read More:‘National Impex’ asks for Rs3 billion in Shark Tank Pakistan
Shark Tank historic deal
Bashir committed Rs1.5 billion (approximately $5.3 million), including Rs800 million for 20 percent equity and a Rs700 million line of credit with a 3 percent royalty. This remarkable deal shattered the previous Shark Tank milestone of $2.5 million, setting a new benchmark for entrepreneurial investment in Pakistan.
Saraaf pitch overview on Shark Tank
- Pitchers: Bilal, Ismail and Taha.
- Ask: Rs1.5 billion for 20 per cent equity.
- Business: Mineral sourcing company;
- Result: Secured the deal.
Why Saraaf stood out?
Saraaf’s pitch stood out for its ambitious goals and practical strategy to revolutionise an industry often marked by volatility and mistrust. Their approach encompassed:
- Pioneering new practices in commodity trading
- Building trust and transparency in a high-risk market
- Promoting sustainability and contributing to regional economic growthh.
Shark Tank social media reaction on Saraaf historic deal
Fans and viewers expressed their astonishment and pride over the groundbreaking milestone achieved by Shark Tank Pakistan, celebrating the new era of entrepreneurial investment in the country.
