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14-Feb-2023
How Shark Tank helping Indian Business Ideas
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Any Indian middle-class family would likely choose between mutual funds and fixed deposits as their preferred investment strategy. In a typical Indian living room, terms like equity, bull market, and gross margin are rarely discussed. However, over the past few months, this has changed. Furthermore, it's all due to a single television show.
There is no doubt that "Shark Tank India" has helped India's middle class start more businesses. People who have never expressed an interest in discussing business topics before are now eager to participate and offer their perspectives on the subject at social or family gatherings.
The Indian population has been instilled with this Josh by Shark Tank. Many 9-to-5 employees are now pursuing their passions and entering the business world as a result of this show. The show taught laypeople how to understand business terms in a clear and understandable way. Additionally, the show has promoted the concept and advantages of business funding.
In fact, the popular television show "Shark Tank India" has caused quite a stir, and the country's favorable laws also contribute to the brisk pace of innovation.
Let's take a look at how the show is changing the emotions and mentality of a society that is always looking for better things because it has brought about significant positive change in the entrepreneurial landscape in India
Shark tank India helps Indian businesses by seeing
- Unit economics (by asking margins for the business and cost of goods sold)
- Profit sharing
- Equity Split for the founders
- Sales
Considering all these factors, they invested in indian businesses so that they get their valuable in understanding the nitty gritty of the business and scale it among the masses.
Curious about the sharks of the show and how much they invested in it? Find out by scrolling down.
Ashneer Grover The managing director and co-founder of BharatPe, Ashneer Grover, is the first shark: Ashneer. During the show, he closed 15 deals and invested INR 3.36 crores. Ye sab doglapan hai" became a well-known meme after Ashneer reprimanded a candidate with these words.
Have you heard of Sugar Cosmetics, Vineeta Singh? Vineeta Singh is a name you should be familiar with. She invested INR 1.52 crores and participated in six deals as CEO and co-founder of Sugar Cosmetics.
Peyush Bansal Lenskart must be familiar with your spectacles if you wear them. Lenskart's co-founder and CEO, Peyush Bansal, was involved in 16 transactions totaling INR 4.19 crores.
The phrase "Yeh meri expertise nhi h, so I am out" is from Namita Thapar, and it has become a popular meme. During the show, the CEO of Emcure Pharmaceuticals made approximately 15 deals, totaling INR 4.48 crore. She also has some assets in the United States.
Aman Gupta It is impossible to believe that you have not heard of BoAt. A well-known brand of phone accessories was co-founded by Aman Gupta. He is also BoAt's marketing director. He invested a total of 6.69 crores, which is the most money any shark has ever invested. He closed 23 deals all together.
Anupam Mittal The CEO and founder of People Group, Anupam Mittal, also created Shadi.com, a well-known marriage website in the country. He put his money into 16 deals and contributed INR 3.71 crore.
Ghazal Alagh Some claim that she is the show's sweetest judge. MamaEarth, a well-known skincare brand, is led by Ghazal Alagh, who also serves as CEO. She was the show's youngest shark and had a net worth of 148 crores. She invested INR 0.4 crores and closed only two deals.
Companies that appeared on the show, Out Of the 198 contestants, many were turned down, but some impressed the judges enough to make them invest in their ideas. All of the judges said "yes" to some of the ideas because they were so good.
Do you want to learn about the most successful business models that inspired sharks? So, now you know who came to show and got a great deal, scroll down to see their names on the list!
All the sharks offered Skippy Icepops a deal. They returned home with a 15% equity investment of INR 1 crore.
Beyond Water: In exchange for 10% equity, they received 75 lakhs. Aman and Namita's combined offer was chosen by them.
A bummer: In exchange for 7.5% equity, the pitchers raised an investment of INR 75 lakhs. Together, Namita and Aman founded a business and invested in Bummer.
Hammer Lifestyle: Aman Gupta fell in love with the business model of Hammer Lifestyle – Smart Audio Products. He initially made an offer to purchase the entire business, but he eventually settled on investing INR 1 crore for a whopping 40% equity.
COSIQ : A four-month-old start-up needs a lot to impress the sharks. CosIQ, which Kanika Talwar and her husband Angad founded, aims to become a major intelligent skincare company.
The items' quality and packaging were appreciated by all sharks. They stand out because their products are made with simple formulations and clean ingredients.
For a 7.5% stake in their business, the couple wanted Rs 50 lakh. They eventually agreed to a deal with Vineeta Singh from Sugar Cosmetics and Anupam Mittal for Rs 50 lakhs and a 25% stake after the initial request was turned down.
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