Startup makes false claims after boAt’s Aman Gupta, Lenskart’s Peyush Bansal strike deal
Startup makes false claims after boAt’s Aman Gupta, Lenskart’s Peyush Bansal strike deal
Reportedly, Cricket Bat Manufacturers Association of Kashmir (CBMAK) demands a public apology and compensation worth Rs. 100 crore from Sony Pictures Networks and Tramboo Sports for misleading statements made on Shark
Tank India Season 3
Shark Tank India Season 3 aired an episode on January 30 that featured a cricket bat manufacturer, Tramboo Sports represented by two young entrepreneurs Jammu-Kashmir based out Hamad Tramboo and Saad Tramboo.
It is now learnt that the Cricket Bat Manufacturers Association of Kashmir (CBMAK) has initiated legal proceedings against Sony Pictures Networks and Tramboo Sports.
CBMAK has disputed claims by Tramboo Sports that positioned them as the exclusive producers of Kashmir willow cricket bats. Such assertions, as per CBMAK, misled the audience and adversely impacted its members’ business, leading to decreased sales and damage to the reputation of Kashmir’s bat-making industry.
CBMAK added that they are much astonished at the claims made by Tramboo Sports on the ‘Shark Tank India’ Season 3 episode dated 30th January 2024.
Notedly, “CBMAK emphasised its role as the true and only representative of Kashmir’s cricket bat manufacturers.
Through its legal counsel, CBMAK, demands a public apology to be broadcast on-air by both accused parties within a fortnight. It also.plans to seek compensation worth Rs. 100 crore for the losses and mental distress caused to CBMAK members.
In the midst of the disputed Shark Tank India Season 3 episode, Tramboo Sports presented itself as an innovator in the field. This statement was firmly contested by CBMAK.
News also comes to the fore that Shark Tank India Season 3: OYO Rooms founder Ritesh Agarwal picks Bollywood actors who can be great judges while
CBMAK President Fayaz Ahmad Dar and Vice President Fawzul Kabiir, among other members, spoke over various misleading statements by the entrepreneurs.
A statement points out that it is incorrect claims regarding international recognitions and milestones achieved by the Kashmir Willow bats made by other local bat manufacturers is also being seen as a point of serious concern and the publication quoted a statement as saying.
The statement notes that GR8 Sports India is the “first and only International Cricket Council (ICC) approved brand of Kashmir” and also the first one from the valley to take Kashmiri cricket bats to the international market.
In the Shark Tank India Season 3 episode, Tramboo Sports bagged a deal from boAt co-founder Aman Gupta and Lenskart CEO Peyush Bansal. The two investors pooled in ₹30 lakh for 4% of equity in the startup.
News Edit K.V.Raman
