Shark Tank India is a reality TV show where entrepreneurs pitch their business ideas to a panel of investors, known as the Sharks. The Sharks then decide whether or not to invest in the businesses.
The show has been a huge success in India, and it has helped to raise awareness of the startup ecosystem in the country. However, there have been some questions raised about the deals that were made on the show but did not materialize.
A report by MyCircle, a startup intelligence platform, found that only 40% of the deals that were made on Shark Tank India have actually materialized. The report also found that the Sharks have invested a total of INR 123 crores (US$16 million) in the businesses that have appeared on the show. However, only INR 24 crores (US$3 million) of this investment has actually been disbursed.
Here are some additional details about the MyCircle report:
- The report analyzed the deals that were made on Shark Tank India in the first two seasons of the show.
- The report found that only 20% of the deals that were made on the show have actually materialized.
- The report also found that the Sharks have invested a total of INR 123 crores (US$16 million) in the businesses that have appeared on the show. However, only INR 24 crores (US$3 million) of this investment has actually been disbursed.
Which Shark Invested How Much?
The following table shows how much each Shark invested in the businesses that appeared on Shark Tank India:
| Shark | Investment Amount (INR) |
|---|---|
| Ashneer Grover | 28.5 crores |
| Aman Gupta | 25 crores |
| Anupam Mittal | 23 crores |
| Namita Thapar | 15 crores |
| Vineeta Singh | 10 crores |
Why Promised Deals Don’t Materialize
There are a number of reasons why deals that were promised on Shark Tank India may not have materialized. Some of these reasons include:
- The businesses may not have been able to raise the full amount of investment that they were seeking.
- The Sharks may have changed their minds about the businesses after doing more due diligence.
- The businesses may have not been able to meet the terms of the investment agreement.
Sharks Reaction to MyCircle Report
Ashneer Grover, one of the most popular Sharks on Shark Tank India, has been quite vocal in his criticism of the MyCircle report. He has called the report “misleading” and “inaccurate”. He has also accused the report of being biased against the Sharks.
Grover has also said that the report is based on a small sample size and that it is therefore not representative of the overall investment landscape on Shark Tank India.
In a tweet, Grover said, “The MyCircle report is misleading and inaccurate. It is based on a small sample size and does not take into account the fact that some deals may take longer to materialize than others. I am committed to investing in the businesses that have appeared on the show and I am working with them to help them succeed.”
Here are some of the Sharks’ reactions to the MyCircle report:
- Aman Gupta: “We are committed to investing in the businesses that have appeared on the show. We are working with them to help them overcome any challenges that they are facing.”
- Namita Thapar: “We are disappointed that the MyCircle report did not take into account the fact that some deals may take longer to materialize than others. We are still working with the businesses to help them succeed.”
- Vineeta Singh: “We are committed to providing real investment and support to the entrepreneurs who appear on the show. We are working with them to help them grow their businesses.”
How Netizens Feel
The Sharks have responded to the MyCircle report by saying that they are committed to investing in the businesses that have appeared on the show. They have also said that they are working with the businesses to help them overcome any challenges that they are facing.
However, some people have criticized the Sharks for not following through on their promises. They argue that the Sharks are using the show to promote themselves and their businesses, without actually providing any real investment or support to the entrepreneurs who appear on the show.
Others have defended the Sharks, saying that they are still working with the businesses to help them succeed. They argue that the MyCircle report does not take into account the fact that some deals may take longer to materialize than others.
Ultimately, the question of whether or not the deals that were promised on Shark Tank India will actually materialize remains to be seen. However, the MyCircle report has raised important questions about the way that Shark Tank India deals are structured. It is important for the Sharks and the show’s producers to address these questions in order to maintain the credibility of the show.
Is Shark Tank India a platform for the Sharks to promote themselves?
Some people have argued that Shark Tank India is only a personal branding forum for the Sharks. They argue that the Sharks are using the show to promote themselves and their businesses, without actually providing any real investment or support to the entrepreneurs who appear on the show.
Others have defended the Sharks, saying that they are providing real investment and support to the entrepreneurs who appear on the show. They argue that the Sharks are using their expertise and networks to help the entrepreneurs grow their businesses.
It is important to note that the MyCircle report is just one perspective on the investment landscape on Shark Tank India. There are other reports that have been more positive about the show.
