India

What is Shark Tank India & Who are The Shark Tank Judges

Harry

15 October 2023

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“Shark Tank India” is a popular Indian TV show where people with new business ideas come to get money and support from experienced business leaders. This show is like the American show called ‘Shark Tank’.

Taking its concept from the popular American show ‘Shark Tank’, our Indian version offers a stage where smart entrepreneurs come up with their business dreams.

Shark Tank India business reality Show in Hindi language began its journey on 20 December 2021 telecast on Sony Entertainment Channel and will be available to stream on the OTT platform SonyLIV and quickly caught the heart of the nation.

And the best part? These big business folks are ready to put their own money into these ideas! Season 1, which went on from 20 December 2021 to 4 February 2022, showed many such amazing talks between the dreamers and the investors. And then came Season 2, starting on 2 January 2023 and ending on 10 March 2023, taking the excitement even higher.

After two successful seasons, the highly anticipated business reality show ‘Shark Tank India’ is all set to make its grand return for a thrilling third season. Get ready to dive into the world of entrepreneurship as the Sharks once again showcase their expertise and invest in groundbreaking business ideas.

Shark Tank India

Shark Tank is a TV show. On this show, people with new business ideas come and talk about their ideas. They want money to make their ideas real. The “sharks” are rich people who might give them money. These “sharks” ask many questions. If they like the idea, they give money. If not, they say no.

Shark Tank India show provides a unique platform for business enthusiasts to pitch their start-up ideas to a panel of seasoned ‘sharks’ – leading business magnates willing to invest their own money.

Shark Tank is not just a TV show. It helps people with dreams. In India and other places, many watch the show and think, “I can do that too!” It gives hope and teaches at the same time.

Shark Tank became very popular in India. People in India have many clever ideas, from new tech things to traditional crafts. The show helps them share these ideas and maybe get money to grow.

People like Shark Tank because it’s exciting. They see new ideas and learn how business works. They see some ideas get money and some don’t. The show tells us that with hard work and a good idea, anyone can succeed.

Who Are the Shark Tank India Judges

Shark Tank India, the country’s take on the globally popular business reality show, features a panel of accomplished business personalities ready to invest in promising entrepreneurial ventures.

These individuals, often referred to as “Sharks,” bring to the table not only their money but also their business acumen, experience, and invaluable industry connections. Here’s an easy-to-understand introduction to the judges of Shark Tank India:

Shark Tank India Judges Season 1

Ashneer Grover, formerly the Managing Director and co-founder of BharatPe, is one of the prominent faces on the panel. His insights into the fintech industry and the startup ecosystem are invaluable for aspirants.

Aman Gupta, the Co-founder and Chief Marketing Officer of boAt, brings to the table his deep understanding of consumer electronics and branding. His journey with boAt, which transformed headphones into a style statement, showcases his marketing genius.

Anupam Mittal, a name synonymous with online matchmaking in India, is the Founder and CEO of Shaadi.com and People Group. His experience in building a brand that resonates with millions of Indians makes him a Shark to watch out for.

Representing the organic personal care industry is Ghazal Alagh, the Co-founder and Chief Mama of MamaEarth. As a brand that prioritizes sustainability and natural ingredients, Ghazal’s insights into eco-friendly consumerism are unmatched.

The pharmaceutical industry finds its representation in Namita Thapar, the Executive Director of Emcure Pharmaceuticals. Her vast experience in a critical sector like pharma adds a unique perspective to the panel.

Peyush Bansal, the Co-founder and CEO of Lenskart, brings his expertise in e-commerce and retail. Lenskart’s massive success story in eyewear makes Peyush’s advice golden for those venturing into the online retail space.

Lastly, adding a splash of colour to the panel is Vineeta Singh, the CEO, and co-founder of SUGAR Cosmetics. As a brand that caters to the diverse beauty needs of Indian women, Vineeta’s journey with SUGAR highlights the importance of understanding one’s target audience.

Shark Tank India Judges Season 2

• Amit Jain
• Aman Gupta
• Namita Thapar
• Peyush Bansal
• Anupam Mittal
• Vineeta Singh

Topping the list, we have Amit Jain, the CEO and co-founder of CarDekho. Under his leadership, CarDekho has transformed the way Indians buy and sell cars, making the process seamless with digital intervention. Amit’s insights into tech-driven consumer solutions are eagerly awaited.

Shark Tank India Judges Season 3

• Deepinder Goyal
• Ritesh Agarwal
• Amit Jain
• Vineeta Singh
• Aman Gupta
• Peyush Bansal
• Namita Thapar
• Anupam Mittal

Kicking off the list is Deepinder Goyal, the co-founder & CEO of Zomato. Under his guidance, Zomato has revolutionized the way India dines, making it a household name in the country’s food-tech industry. Deepinder’s experience promises a zestful take on startups in this realm.

Next, we have the young and dynamic Ritesh Agarwal, the Founder and CEO of OYO Rooms. With his unparalleled success in redefining budget hospitality across the globe, Ritesh’s insights are eagerly anticipated by hospitality startups and more.

How To Apply For SHARK TANK INDIA

The journey to ‘Shark Tank India’ is no less than a roller coaster for budding entrepreneurs. It’s not just about presenting a business idea; it’s about presenting a vision, a dream that can convince seasoned investors to put their money and trust into it.

However, the road to the Shark Tank can be complex and requires meticulous preparation. If you’re an entrepreneur aiming for this platform, here’s a simplified guide to navigate the journey:

1. Eligibility & Idea Evaluation: The very first thing before even applying is to assess if you are eligible. Usually, the show requires the entrepreneurs to have a running business or at least a working prototype. Ensure your idea is innovative, scalable, and has market potential.

2. Application Process: Shark Tank India will typically have a detailed application process that involves sharing information about your business, revenue, projections, and more. The application can be found on their official website or through the broadcaster’s platform.

3. Preparing Your Pitch: Once you’ve applied, start working on your pitch. This is your moment to shine. Keep it concise, and engaging, and make sure to highlight the problem you’re solving, the uniqueness of your solution, and the market potential.

4. Due Diligence: If your application garners interest, you might be subjected to a due diligence process. This means the Shark Tank team will verify the facts you’ve stated about your business. Always be honest in your application to smoothly sail through this phase.

5. The Actual Pitching: This is where the magic happens! If selected, you’ll be given a chance to pitch directly to the Sharks. Remember, apart from the financial details, your story, passion, and vision play a huge role in convincing the Sharks.

6. Securing Investment: If the Sharks see potential in your idea, they’ll offer an investment in exchange for equity in your company. It’s a negotiation game here; be prepared with your numbers and valuations.

7. Post-Pitch Process: Even after getting a nod from the Sharks on screen, there might be some off-screen discussions, paperwork, and further due diligence before the investment is secured.

Securing an investment from ‘Shark Tank India’ is both challenging and rewarding. It not only provides financial support but also validates your business idea on a public platform. If you are an aspiring entrepreneur, tread the path diligently, prepare well, and who knows, you might just swim with the Sharks!

Shark Tank India Terminologies

“Shark Tank India” is very similar to other versions of the show in different countries. If you’re diving into the world of Shark Tank, here are some key terms and terminologies that are essential to understanding the dynamics of the show:

Sharks: The investors or business tycoons who are ready to invest their personal money into promising businesses pitched on the show.

Pitch: A short presentation made by entrepreneurs to present their business idea or product to the Sharks in hopes of securing an investment.

Equity: Ownership interest in a company. Entrepreneurs offer a percentage of their company’s equity in exchange for the Sharks’ investment.

Valuation: The worth of a company as estimated by the entrepreneur. It is calculated by taking the amount of investment sought divided by the equity percentage offered to the Sharks.

Due Diligence: A thorough investigation and verification of the details of a particular investment. After a deal is made on the show, due diligence is performed before the actual investment is finalized.

Royalty: A payment to the owner for the use of property, especially patents, copyrighted works, franchises, or natural resources. Some Sharks might offer a deal where they get a royalty on each sale rather than equity.

Convertible Debt: A type of loan that can be converted into equity in the company at a later time under certain conditions.

Contingency: A condition or action that must be met for a contract to become binding. Sometimes Sharks make offers contingent upon certain conditions being met.

Counteroffer: An offer made in response to another. If an entrepreneur doesn’t like the terms proposed by a Shark, they can counter with different terms.

Bootstrap: Starting and growing a business without external investment or assistance.

Scalability: The ability of a business to grow and manage increased demand. Sharks often look for businesses that can scale.

Exit Strategy: A plan on how an entrepreneur or an investor can exit their investment in the business in the future, usually with a profit.

MVP (Minimum Viable Product): The most basic version of a product that can be released to see if it has market viability.

Cap Table (Capitalization Table): A table providing an analysis of a company’s percentages of ownership, equity dilution, and value of equity in each round of investment.

Licensing: Granting permission to a company or individual to use one’s product, service, or brand in exchange for a fee or royalty.

Angel Investor: An individual who provides capital for a business startup, usually in exchange for convertible debt or equity.

Venture Capital (VC): Financing that investors provide to startups and small businesses that are believed to have long-term growth potential.

Burn Rate: The rate at which a company is spending its capital until it reaches profitability. This indicates how long the company can operate before needing additional funding.

Runway: Refers to how long a startup can operate before needing to secure additional financing, given its current burn rate.

Term Sheet: A non-binding agreement that shows the basic terms and conditions under which an investment will be made.

Non-disclosure Agreement (NDA): A legal contract between two parties that outlines confidential knowledge, information, or material that the parties wish to share with one another but wish to restrict from wider use or dissemination.

Patent: Exclusive rights granted for an invention, which is a product or a process that provides a new way of doing something, or a new technical solution to a problem.

Seed Money: The initial capital used to start a business, often before any substantial revenue is generated.

Leverage: Using various financial instruments or borrowed capital to increase the potential return on an investment.

Acquisition: One company takes over the controlling interest of another company.

Franchise: A system in which entrepreneurs purchase the rights to open and run a business from a larger corporation.

Proof of Concept: Evidence that a business idea, model, or product can be successful and feasible in the real world.

Market Penetration: The extent to which a product is recognized and bought by customers in a particular market.

B2B (Business-to-Business): A type of transaction that exists between businesses, such as one involving a manufacturer and a wholesaler, or a wholesaler and a retailer.

B2C (Business-to-Consumer): A type of transaction where businesses sell products or services directly to the end consumer.

Gross Margin: The difference between sales and the cost of goods sold. It represents the percentage of total sales revenue that the company retains after incurring the direct costs associated with producing the goods and services sold.

ROI (Return on Investment): A measure used to evaluate the efficiency or profitability of an investment.

Synergy: The idea that the combined value and performance of two companies will be greater than the sum of the separate individual parts.

Bootstrapped: A situation in which an entrepreneur starts a company with personal finances and operates it without external funding.

Rundown: A brief explanation or overview of something, often used to provide the Sharks with a snapshot of a business’s financial health or history.

Understanding these terms will help you grasp the conversations and negotiations that take place in the Shark Tank better. It’s always a good idea to familiarize oneself with such terminologies if you’re keen on diving deep into the world of startups and investments.

Is Shark Tank India real or fake?

“Shark Tank India” is based on the original “Shark Tank” format, which originated in the U.S. The show features real entrepreneurs pitching their business ideas to a panel of investors (or “sharks”) in hopes of securing an investment. While the format and essence of the show are genuine, there are a few things to consider:

Preparation: Before appearing on the show, participants undergo a selection process, and not everyone who applies gets to pitch to the sharks. Additionally, entrepreneurs might receive coaching or guidance on how to present their ideas for television.

Editing: Like any television program, the show is edited for content and time. This means that while the negotiations and discussions are real, what viewers see is a condensed version of events, which might emphasize dramatic moments to make it more engaging for the audience.

Post-Show Deals: While agreements are made on the show, they aren’t legally binding. After the show, both sharks and entrepreneurs conduct due diligence, and sometimes the deals change or don’t come to fruition.

Reality TV Element: While the premise of the show revolves around real business negotiations, it’s essential to remember that it’s also a form of entertainment. Elements might be added to enhance the viewing experience.

In conclusion, “Shark Tank India” is based on real entrepreneurs seeking genuine investments from real investors. However, like any reality TV show, certain aspects are tailored or adjusted for entertainment purposes.

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