Inspired from ABC’s reality TV show Shark Tank, Sony TV’s Shark Tank India claims to be a stepping stone in giving rising entrepreneurs and budding start-up the platform and funds they require to revolutionize the business field in India. We have multimillionaires business tycoons investing and helping out the contestants who arrive at the show with their elevator pitch. The show is hosted by Roadies alumni Rannvijay Singh and has a runtime of 45 minutes and more.
– Sony TV’s Shark Tank India review contains mild spoilers –
Shark Tank India: What Happened in Episode One?
Over the last decade, entrepreneurship in India has seen a massive boom with many Indian companies acquiring unicorn statuses. Giants like Flipkart, Zomato, Swiggy, PayTM, Nykaa, Ola and OYO have dominated their respective sectors and their businesses have now become essential needs for the majority of consumers in the country. Shark Tank India, based on the concept of the popular American Shark Tank show looks to promote that mindset of innovation and problem-solving while creating a sustainable business model.
The most interesting and important part of the Shark Tank franchise is to know the judges who are also referred to as the sharks in the show. For the Indian version, we have: Anupam Mittal (Founder and CEO of Shaadi.com), Namita Thapar (Executive Director of Emcure Pharmaceuticals), Aman Gupta (Co-founder and CMO of BoAt), Peyush Bansal (Founder and CEO of Lenskart.com), Ashneer Grover (Founder and MD of BharatPe), Vinita Singh (Co-founder and CEO of SUGAR Cosmetics), and Ghazal Alagh (Co-founder and Cheif Mama of Mamaearth).
For the first episode, we see only five judges- Anupam Mittal, Vinita Singh, Namita Thapar, Ashneer Grover and Aman Gupta on the panel. If you are someone who has followed this international TV franchise, you must know that it is usually the case of five. The sharks are greeted with various pitches from different startups including- Blue Pine Foods, BOOZ, Heart Up My Sleeves and various other startups.
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After making the business pitches, the contestants put forward their offer of investment to the sharks. Thereafter, the sharks indulge either in a joint collaboration or a single deal offer where they invest in the business for a certain amount of equity or royalty for the amount you are looking for or for a deal they find more suitable. For instance, if you ask one of the sharks to invest 50 lakhs in your company for equity for 5%, they might either accept or provide a counteroffer, says, 40 lakhs for equity of 10% depending solely on your business model and the potential it has to evolve in the future.
Throughout the show, there are certain bts clips about the sharks, their business and how they have come to the place they are today. These clips are inspirational and motivating to show how creating a business and tasting success comes easy with dedication, hard work and vision.
Shark Tank India: Final Thoughts
Shark Tank India episode one starts on a good foot and has the potential to become a rising TV reality show in the Indian market. It is also insightful for young entrepreneurs to understand how the business ecosystem works, how pitches are executed, to look at finer details of the business model and most importantly, how to attract consumer interest to generate profitability. The show also seems to focus on ‘women-in-business’ idea to promote more inclusivity in the entrepreneurship scene.
You can watch the episode of Shark Tank India live on SonyLIV or Sony TV. With new episodes coming out from Monday to Friday at 9 PM on the designated platform.
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One of shark Ashneer Grover has a countless ego . He always inserts entrepreneurs. While he has no right to do so.i request to show makers replace Ashneer Grover .
I understand. I kind of feel that the sharks are somewhere in competition with themselves too, to get the best deal. Maybe that is why Ashneer sounds so off putting.