Kashmir Bat Makers Look To Sue Over Shark Tank India Claims; Seek INR 500 Cr In Damages

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SUMMARY

Kashmir-based cricket bat manufacturer Alfa Sports has sought INR 500 Cr in damages in a notice sent to Sony as well as Tramboo Sports, a startup that pitched on Shark Tank India

The notice, a copy of which has been seen by Inc42, is in relation to compensation for the damages, business loss, mental agony caused by alleged distortion of facts by Tramboo Sports

Saad Tramboo and Hamad Tramboo are alleged to have made misleading statements on the show about technology and their competitive advantage in the bat manufacturing industry

Kashmir-based cricket bat manufacturer Alfa Sports & Co has sought INR 500 Cr in damages in a notice sent to Sony Entertainment Television Ltd, broadcaster of Shark Tank India as well as two participants in the show.

Alfa Sports & Co has named Saad Tramboo and Hamad Tramboo, cofounders of Tramboo Sports Pvt Ltd, in its legal notice. The duo pitched on Shark Tank India’s season 3 in an episode that aired on January 30, 2024.

The notice, a copy of which has been seen by Inc42, is in relation to compensation for the damages, business loss, and mental agony caused by alleged distortion of facts by Tramboo Sports during their pitch on Shark Tank India.

Alfa Sports claimed that India’s bat manufacturing industry in general and the company, in particular, have been in the business of “lite willow making” for several years and have taken exception to on-air claims made by Tramboo Sports that they have sole manufacturing capabilities for such bats.

Fawazul Kabir, a spokesperson for the Cricket Bat Manufacturers Association of Kashmir (CBMAK), told Inc42 that Tramboo Sports cofounders source the cricket willows used to manufacture bats from Alfa Sports. But they have allegedly shown this as being their own product on Shark Tank India.

“We are going to take this case to criminal court if Sony TV and Tramboo Sports do not tender an immediate apology on national TV to hardworking cricket bat manufacturers of the valley. What was most astonishing was that Alfa Sports which was one of the vendors of Tramboo Sports was directly selling them the bats and Alfa has the invoices to show for this. This is a breach of vendor contract,” Kabir added.

The notice further stated Tramboo Sports only deals with sourcing and stocking bats and are not into manufacturing. “In reality, there are around 400 manufacturing units across the indigenous industry in the valley. Due to the false claims made by Tramboo Sports co-founders, the original manufacturer has witnessed loss in business confidence, dip in sales and his exports have taken a hit,” one portion of the notice reads.

CBMAK’s Kabir also questioned Tramboo Sports’ claims on the show about having technology to bring Kashmir willows at par with the English willows is not unique to the company. He added that this was a government initiative announced by the former J&K Chief Minister Mufti Mohammad Sayeed.

“In fact, willow storage facilities and technology clusters were established in Kashmir several years ago. This is not a unique proposition of Tramboo Sports,” Kabir added.

The cofounders of Tramboo Sports, who hail from a noted Kashmiri business family, claimed on air that the manufacturing and storage facility is owned by their grandfather.

The company got fair recognition on Shark Tank India with all the judges willing to invest in the company. Lenskart cofounder and CEO Peyush Bansal and boAt cofounder and CMO Aman Gupta together committed to investing INR 30 Lakh for 4% equity stake in the company.




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Kashmir Bat Makers Look To Sue Over Shark Tank India Claims; Seek INR 500 Cr In Damages

SUMMARY

Kashmir-based cricket bat manufacturer Alfa Sports has sought INR 500 Cr in damages in a notice sent to Sony as well as Tramboo Sports, a startup that pitched on Shark Tank India

The notice, a copy of which has been seen by Inc42, is in relation to compensation for the damages, business loss, mental agony caused by alleged distortion of facts by Tramboo Sports

Saad Tramboo and Hamad Tramboo are alleged to have made misleading statements on the show about technology and their competitive advantage in the bat manufacturing industry

Kashmir-based cricket bat manufacturer Alfa Sports & Co has sought INR 500 Cr in damages in a notice sent to Sony Entertainment Television Ltd, broadcaster of Shark Tank India as well as two participants in the show.

Alfa Sports & Co has named Saad Tramboo and Hamad Tramboo, cofounders of Tramboo Sports Pvt Ltd, in its legal notice. The duo pitched on Shark Tank India’s season 3 in an episode that aired on January 30, 2024.

The notice, a copy of which has been seen by Inc42, is in relation to compensation for the damages, business loss, and mental agony caused by alleged distortion of facts by Tramboo Sports during their pitch on Shark Tank India.

Alfa Sports claimed that India’s bat manufacturing industry in general and the company, in particular, have been in the business of “lite willow making” for several years and have taken exception to on-air claims made by Tramboo Sports that they have sole manufacturing capabilities for such bats.

Fawazul Kabir, a spokesperson for the Cricket Bat Manufacturers Association of Kashmir (CBMAK), told Inc42 that Tramboo Sports cofounders source the cricket willows used to manufacture bats from Alfa Sports. But they have allegedly shown this as being their own product on Shark Tank India.

“We are going to take this case to criminal court if Sony TV and Tramboo Sports do not tender an immediate apology on national TV to hardworking cricket bat manufacturers of the valley. What was most astonishing was that Alfa Sports which was one of the vendors of Tramboo Sports was directly selling them the bats and Alfa has the invoices to show for this. This is a breach of vendor contract,” Kabir added.

The notice further stated Tramboo Sports only deals with sourcing and stocking bats and are not into manufacturing. “In reality, there are around 400 manufacturing units across the indigenous industry in the valley. Due to the false claims made by Tramboo Sports co-founders, the original manufacturer has witnessed loss in business confidence, dip in sales and his exports have taken a hit,” one portion of the notice reads.

CBMAK’s Kabir also questioned Tramboo Sports’ claims on the show about having technology to bring Kashmir willows at par with the English willows is not unique to the company. He added that this was a government initiative announced by the former J&K Chief Minister Mufti Mohammad Sayeed.

“In fact, willow storage facilities and technology clusters were established in Kashmir several years ago. This is not a unique proposition of Tramboo Sports,” Kabir added.

The cofounders of Tramboo Sports, who hail from a noted Kashmiri business family, claimed on air that the manufacturing and storage facility is owned by their grandfather.

The company got fair recognition on Shark Tank India with all the judges willing to invest in the company. Lenskart cofounder and CEO Peyush Bansal and boAt cofounder and CMO Aman Gupta together committed to investing INR 30 Lakh for 4% equity stake in the company.




Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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