Shark Tank

Why shows like Shark Tank are beneficial for startups?

Shark Tank is an American Show which was aired on 9th August 2009 on ABC.

Recently, a new show Shark Tank has been doing the rounds. 

Shark Tank is an American Show which was aired on 9th August 2009 on ABC. Ever since, it has gained widespread popularity. Recently, its very own Indian version was released which already has taken the whole social media on fire with its incredible cast. Shark Tank has been an Emmy award winner for the no.1 business reality show. 

What is Shark Tank?

During the show, a panel of investors, or judges, will listen to each company’s pitch before making a decision whether to invest in it or not.

Sharks help the entrepreneurs with their business models and products in the show by advising them if their business model, products, or services have flaws.

The deal is sealed when the investor shakes hands and agrees to invest. Occasionally, sharks will ignore the entrepreneur if they are not convinced by their ideas, so the entrepreneur gets rejected.

Shark Tank India

Sony Entertainment Television Channel broadcast The Shark Tank India, produced by Studio NEXT.

The Indian version works in the same format as the American one. The renowned entrepreneurs from India judge the show. The 7 judges of the show include- 

Ashneer Grover –  MD and Co-founder of BharatPe

Anupam Mittal –  The founder and CEO of People Group Shaadi.com

Aman Gupta – Co-founder and CMO of boAt 

Vineeta Singh – CEO and co-founder of SUGAR Cosmetics.

Namita Thapar – CEO of a global pharmaceutical company based in Pune Emcure Pharma. 

Ghazal Alagh –  Mama Earth Co-Founder

Peyush Bansal – The founder and CEO of Lenskart.com

The show almost received 60,000+ aspirants who registered for the show but only 198 businesses were selected to pitch their ideas in front of the “sharks”

The show has received all the love and appreciation across the country but the question is-

How shows like these can be helpful for the country and our upcoming entrepreneurs?

When we think of starting our own brand or business the foremost thing we would need is someone to invest in it especially since the initial stage requires a lot of capital to start something from scratch. Shows like this allow a lot of young minds to start their new business which is also valuable for the country’s growth and development. 

Even Ghazal Alagh’s Mama Earth has a very well-known investor since 2020, Shilpa Shetty invested in Mama Earth and we cannot stop gushing over the fact of how excellent it has been doing in the market.  As we say it’s just that one push that we require for our dreams to come true. Shows like this will encourage many more talented and skillful individuals to go out of the box and begin something that can get a difference in this world with their innovations.

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