Are you someone who is an avid viewer of Shark Tank India? Then you must be wondering how these sharks are benefitted from these small start ups. If you do, keep on reading the blog to find insightful facts:
Many people dream of owning their business but with this fantasy, there comes dedication, hardwork and more importantly, the funding. There is no feeling like being your boss, working on your ethics and operating your business the way you want to.
Apart from execution of your business idea, you need a fund to back your business. And there are numerous ways of looking for financing, yet one that appears to draw in a ton of buzz is pitching to the financial investors on the TV show "Shark Tank." The reason?
What is Shark Tank?
Entrepreneurs pitch their startup idea with the expectation that one of the investors or here, ‘sharks’ will put resources into them. At the very least, there’s potential to benefit from floating your pitch in front of millions of viewers.
Last December, SonyLiv aired 'Shark Tank India' and the reaction of the audience was awe-striking. Viewers all around the nation were stuck to their screens to complete each episode of the very first season. The show brought out an amazing perspective and served as a platform for all the entrepreneurs to pitch their ideas. An extraordinary accomplishment for the show as well as the ventures who benefited from the show.
Show Format The show format is straightforward. The show has shark tank judges and entrepreneurs who pitch their business ideas. The Shark Tank judges are:
Ashneer Grover, MD & Co-Founder of BharatPe, which is a digital payment platform. He has been in the news since the beginning of the show, Shark Tank India for the most part because of the relative multitude of debates including him. Ashneer has worked with Kotak Bank, American Express and Grofers before entering into the startup world. All of it finally ended with his resignation, which came in on February 28, 2022.
He has been the financial investor for companies like the Whole Truth, IndiaGold, OTO Capital, and the Front Row. In the Shark Tank India, the shark has invested 5.3 Crore Rupees. The venture that he made was an aftereffect of a sum of 21 startups.
Net Worth of Ashneer Grover is 700 Crores
Anupam Mittal, Founder & CEO of People Group. He is the founder and the CEO of a matrimonial website called Shaadi.com. He preferred the basic and direct demeanor towards each pitch.
In the Shark Tank India, Anupam Mittal invested an entirety of 5.4 Crores to different new businesses which he saw as commendable. The investments that he made was an aftereffect of 24 deals that he haggled on the show premises. He said that he has for a long time wanted to set out open doors for every one of the young entrepreneurs, as they will lay the first block to the new India. Net worth of Anupam Mittal is 185 Crores
Aman Gupta, Co-Founder & CMO of boAt. This guy is super chill and is similarly sharp with his words. He is fun and doesn't avoid expressing out loud whatever he thinks..
BoAt is an ear wear, audio product company. On Shark Tank India, this shark got the chance of investing out a sum of 7.5 crores which will assist the growing entrepreneurs with the fuel that they will require in their venture journey. The amount of capital he contributed was a consequence of 25 different start ups on the show.
Net worth of Aman Gupta is 700 Crores
Vineeta Singh, CEO & Co-Founder of SUGAR Cosmetics. After graduation from IIT Madras and IIM Ahmedabad, she got a good proposal for herself yet declined the proposal to head down her business venture.
According to the most recent study, Sugar beauty care products have been effective in making a community of 5 million people. She put around 3 crores in different new businesses that had potential. An aggregate of 15 start ups were endorsed by this business person throughout the first season of Shark Tank India. Net worth of Vineeta Singh is 59 Crores
Namita Thapar, Executive Director of Emcure Pharma.She is energetic with regards to women in business ventures, and she was associated with various organizations in the United States of America in different marketing and finance roles.
In the Shark Tank India, this shark got an astounding open door to put resources into different stages of new businesses. She tracked down potential in numerous new companies and put her capital in 25 startups. The sum that she put into new companies was 10 crores. This is a decent sum, far and away superior to Ashneer and Anupam. She is an astonishing financial investor with clear contemplations regarding her investment choices. Net worth of Namita Thapar is 59 Crores
Ghazal Alagh, Co-Founder & CIO of Mamaearth. During the show, she gained immense popularity and appreciation. She invested a total of 1.2 crore in 7 different startups businesses. She is a simple and experienced investor. And because of this, she is able to invest her money in new businesses with great potential.
Net worth of Namita Thapar is 148 Crores
Peyush Bansal, Founder & CEO of Lenskart.com. He is unassuming and keeps a straightforward attitude, however is sharp in mind. His persistent effort and assurance have driven him to understand his fantasy of Lenskart.
In the show, Shark Tank India, he invested a total sum of 8.2 crores in different startups to help them to fulfill their entrepreneurial dreams.Among many of the pitches and deals on the show, the sum was a contribution of total 27 delas which he viewed as potential business doors. Net worth of Namita Thapar is 600 Crores
The expectations of these participants that their idea might be liked by the judges and end up investing into their respective businesses.
Each pitch starts with the show participants requesting some amount of capital as a trade-off for a percentage of ownership in their business. The errand that they make, sets up the valuation of their venture. The sharks attempt to negotiate the valuation to be in setting with real numbers. Those measurements incorporate numbers like revenue, past deals, customer rates and expenses.
Valuation is one key idea that sets the conviction that the judges or investors need to know whether the business or startup can remain afloat.
Benefits to Shark Tank Judges
The Shark Tank India has made truly a buzz around the entire country. SonyLiv has figured out how to make a multi-bagger series out of this show. Everybody was watching it and liking the members and their will to bring change in the community.
Popularity:
If we have asked you about any one of the judges on the show before? Most of us might not even know their names. Odds are you wouldn't have a clue about their faces. A couple of people who are profound into start-ups would know their names.
Subsequent to this show Shark Tank India, every one of the sharks got colossal visibility and prevalence that is difficult to get in this limited span of time. It isn't something that will help their business or personality but will give fame and the people will recognise them easily.
At the position where all the sharks stand, the perceivability they acquired gave them more power in their separate fields. More people are familiar with them now. With this perceivability, these sharks will actually want to get recognised by a ton of future possibilities and probabilities of benefits. These advantages are not exactly fast yet will offer them a leveraged situation later on in future.
Investing Opportunities: Presently, this was most likely the best advantage to the sharks. This was as great an advantage to sharks, as it was an advantage to participants, while possibly not more. Every one of the sharks made investments in various new companies with incredible potential.
This multitude of sharks got exposure for new companies from everywhere from the country than probably some other financial investors in the country. This was the greatest advantage to the sharks.
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