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Last Updated:February 13, 2026, 13:26 ISTKunal Bahl shared that the pitcher’s company name also reminds him of a fraudulent company.Sharks rejected the pitch for credibility issues.(Photo Credit: Instagram)The latest episode of Shark Tank India 5 witnessed two Bengaluru-based founders pitching their real estate venture. The founders claimed that they are going to revolutionise the concept of fractional ownership in India.The founders, Rajeev Chhabra and Varun Singhi, pitched their company, PropFTX, as a ‘digital real estate investment platform’ and sought Rs 1 crore in exchange for 1.5 per cent of the company.Kunal Bahl Calls The Founders ‘Local Property Dealer’During their pitch, the Sharks started asking the founders about their business model and pointed out different loopholes. Snapdeal founder Kunal Bahl asked why a customer would trust them with their hard-earned money.He said, “The more I listen to you, the more I feel like I am talking to a local property dealer. You think about your consumer and tell me that when they look at you, they are looking at a website. What kind of trust are they getting through that makes them invest their money here?”He added, “Agar maine Rs 50,000 ya Rs 1 lakh laga diye aur saal bhar baad yeh company band ho gayi toh? Uske baad meri pvt ltd company 200 logo ke sath jinko main janta hi nahi. Aur ab main dhoodhnta fir raha hu ki kaun kahan pe hai, isko mil ke bechein, nikalein. Mere ko kaise trust aayega ki yeh sab nahi hoga mere sath?”Kunal Bahl Links Company Name To a Fraud CompanyKunal Bahl also pointed out the biggest mistrust with the company, which was their name. Kunal revealed that FTX, a cryptocurrency exchange from the US, went through a major scandal a couple of years agora and their founder was in jail.“Why did you not change your name?” he asked, adding, “FTX is a scam and fraud company, and their founder is in jail.” He said that any customer who looks them up will be redirected to the article about FTX’s fraud, which would ultimately hurt their business.The founders also explained to the builders that their revenue would primarily come from the builders and not the individuals buying the property. They said that their real customers in this case were the builders, and the company appeared to be made to serve them.Handpicked stories, in your inboxA newsletter with the best of our journalismsubmitClick here to add News18 as your preferred news source on Google. Get the latest entertainment news related to bollywood, hollywood movies, telugu, tamil, other south films and tv shows. Updates on upcoming movies, ott releases, movie reviews, celebrity news, and box office, korean drama and music. Join the fun, play games on News18. Download the News18 App.First Published:February 13, 2026, 13:26 ISTNews movies television Shark Tank India 5: Snapdeal Founder Kunal Bahl Questions PropFTX’s Trust Factor And Revenue ModelDisclaimer: Comments reflect users’ views, not News18’s. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
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