The Hindi-language business reality TV series Hindi is broadcast on Sony Entertainment Television. The series with its third season is continuing to bask in its popularity amongst the Indian audience. The show revolves around new-age entrepreneurs delivering business pitches to an esteemed panel of investors aka the ‘sharks’. Based on their pitches, the sharks will determine whether or not they will invest in the presented ventures.
Shark Tank India Season 3 consists of a panel of judges that includes Deepinder Goyal, Founder and CEO, Zomato; Azhar Iqubal, Co-founder & CEO, Inshorts; Ritesh Agarwal, Founder & CEO, OYO Rooms; Radhika Gupta, MD & CEO, Edelweiss MF; Varun Dua, Founder, ACKO; Ronnie Screwvala, Co-Founder and Chairperson, UpGrad; Aman Gupta, CEO and Founder of boAt; Namita Thapar, Executive Director – India Business, Emcure Pharmaceuticals; Peyush Bansal, Co-Founder & CEO, Lenskart; Vineeta Singh, Co-founder & CEO, SUGAR Cosmetics and Anupam Mittal, Founder & CEO, People Group (including Shaadi.com).
Shark Tank India Season 3 Episode 29 Recap
Shark Tank India Season 3 Episode 29 will feature Amit Jain, Aman Gupta, Namita Thapad, Anupam Mittal and Ritesh Agarwal who will listen to three innovative start-up businesses and decide whether or not to invest their time and money.
WiseLife
The first entrepreneurs to come to the Tank are a company that deals with yoga mats and accessories in the health and wellness sector. The pitchers put forth an engaging pitch by first sampling what they were using before during yoga and how it was negatively impacting their wellness journey. However, now with their new products, the mats are easy to use with superior grip and cushioning. The designs and the easy technology catch the Sharks’ eyes immediately. The pitchers ask for Rs 60 Lakhs for 2% equity, after which the Sharks check out the products for themselves.
They ask them whether the founders are thinking about introducing a clothing line to boost the company sales at a later date and whether Lululemon inspires them. The founders’ clear and direct responses impress the Sharks. The founders tell the Sharks that their USP is their in-house printing and designing which will be hard to copy by anyone. After discussing how they came up with their products and their sales figures, Aman, Anupam, Namita and Ritesh give them a deal while Amit also gives them a solo deal. The founders, in the end, chose to accept the former deal for Rs 1.2 Crore for 4% equity of the company.
Cervicheck
The next founders to come to the Tank are a couple who are passionately trying to eradicate cervical cancer and give women the freedom and privacy of getting tested for HPV at home. They discuss what HPV is, how it is transmitted and how cervical cancer is a preventable form of cancer if preventive steps are taken. The duo break down their product and discuss in detail how it can be used, along with the different ways they are approaching the cervical cancer problem. In the end, they ask for Rs 75 Lakhs in exchange for 1.5% equity.
The founders give a demonstration of how to use the device and the Sharks are left impressed with the ease of use and they show curiosity about how the virus is introduced and how men are affected by it. They discuss their 95% accuracy rate, how they are planning to introduce the product to the market and the problems that they have faced during the trials and regulatory phase. Next, they discuss their sales and equity split after which the Sharks give their final feedback, resulting in Namita and Ritesh giving offers. In the end, they make a deal with Namita at Rs 75 Lakhs for 5% equity in the company.
Eatverse
The last startup to come to the Tank is a multi-brand cloud kitchen company based out of Kolkata that provides a variety of foods under different brands but under the same umbrella. The founders discuss their humble beginnings 9 years ago and, from then they have fulfilled over 20 lakh orders. They ask for Rs 1 Crore for 1% equity and wish to be the number 1 food brand in India. After their pitch, they give the Sharks a taste of the different foods that they make, which everyone unanimously agrees to be delicious.
The Sharks then proceed to ask questions about the company and their sales. Unfortunately, their poor sales and no USP leave a bad taste in their mouth. The founders defend their business, saying that they have introduced every new brand after making sure that their previous venture was profitable. However, the Sharks bring up the example of other similar companies that are also growing and will become their competitor. Plus, they bring forth the fear that scaling becomes difficult for cloud kitchens once they start to go out of their original areas. In the end, the founders leave the Tank empty-handed.
Shark Tank India Season 3 Episode 29 Review
The latest episode of Shark Tank India Season 3 features three different startups with three very different USPs. However, the episode doesn’t have a product that can make the viewers do a double check. Although Cervicheck was definitely an interesting and eye-opening pitch that viewers will be able to learn a lot from, the other two are quite mellow in comparison, and reminds us of other similar businesses in past episodes. I think it’s getting a bit repetitive with the clothes and food businesses who have similar models and products and one cannot differentiate between them.
Plus, another thing that is becoming embarrassingly noticeable is the relationship among the Sharks. Although I love the banter and the light-hearted jabs, it becomes a little silly when grown people act like children showing shade at each other. Some of their attitudes are also a little sour, which is a bit surprising considering the other two seasons.
Either way, I think Shark Tank India Season 3 Episode 29 leaves a lot to be desired; hopefully Friday’s episode is full of excitement and intrigue.
You can watch the Shark Tank India Season 3 episodes now on SonyLIV.