Young Entrepreneur Sanjay Modi Secures Dream Deal on Shark Tank India with His Used Book Platform, NearBook

A young entrepreneur named Sanjay Modi, 20 years old from a small town in Rajasthan, pitched his used book buying and selling platform called NearBook on Shark Tank India. His father, who had faced business setbacks, gave Sanjay six months to succeed or find a job. Sanjay shared how his father had struggled with failed businesses and even tried acting and singing before turning to farming in Chennai.

Sanjay asked for Rs 40 lakh for 20% of his business, valuing it at Rs 2 crore. His platform lets users list used books, aiming to earn from ads later. He mentioned a mysterious supporter who invested Rs 6 lakh but wouldn’t reveal their identity because they work secretly for him.

Sharks like Anupam Mittal doubted the viability of the classifieds market but admired Sanjay’s determination. Anupam eventually offered the full investment, moved by Sanjay’s story and determination, despite others opting out. He empathized with Sanjay’s journey and offered mentorship, sealing the deal emotionally.

Anupam shared his own entrepreneurial struggles, starting with a book platform at 13 and learning in the US before succeeding.