Stock options vested with Madhuri Jain have also been canceled, they said adding the alleged financial irregularities have been detailed in the termination letter.
Fashion Designer Niti Singhal pitched her brand Twee In One, which claimed to be a 'reversible', 'sustainable' and 'convertible' fashion wear. While the other sharks on the show were impressed with the designs, Ashneer Grover was harsh in criticism of her idea. In his feedback, Grover called it horrible fashion and said "It's time you shut down your company. No point in wasting your time."
Grover, who was sent on a three-month leave following allegations of using abusive language against Kotak Mahindra Bank staff and fraudulent practices, has denied all allegations.
Niti Singhal got the chance to pitch her business proposal in front of the 'sharks' in order to raise funding. Her clothing brand Twee In One claimed to be a 'reversible', 'sustainable' and 'convertible'. But it failed to impress Ashneer Grover, who called it horrible fashion and said "It's time you shut down your company."
Shark Tank India: Designer Niti Singhal's pitch of her 'reversible', 'sustainable' and 'convertible' clothing brand Twee failed to impress Ashneer Grover, who was very vocal and blunt in his criticism of her business idea.
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