Shark Tank is an American business reality series that was started on August 9, 2009. In this show, entrepreneurs make their business presentations to a panel of investors which are known as “Sharks”. These “Sharks” decide whether to invest in their company or not. These sharks often find weaknesses and faults in entrepreneurs’ valuation of companies, products, etc. The “Sharks” are paid as cast stars of the show, but the money they invest is their own. The entrepreneur can make a handshake deal on show if a panel member is interested. And if all panel members opt out, the entrepreneur leaves empty-handed. This show is now worldwide and now also continuing is in different countries. For example, Shark Tank India, Shark Tank Australia, Shark Tank Mexico, Shark Tank Colombia, Shark Tank Nepal.
Shark Tank India is an Indian Hindi language business reality show that airs on Sony Entertainment Television. The first season of Shark Tank India premiered on 20 December 2021 and concluded on 4 February 2022. The first season contained 35 episodes. This show was hosted by Ranvijay Singha. The first season received 62,000 aspirants from India, out of which 198 businesses were selected to pitch their ideas to the “Sharks”.
Ashneer Grover, Managing Director and Founder of “BharatPe”; Aman Gupta, Co-founder and Chief Marketing Officer of “boAt”; Anupam Mittal, Founder and CEO of “Shaadi.com”; Ghazal Alagh, Co-founder and Chief Mama of “MamaEarth”; Namita Thapar, Executive Director of “Emcure Pharmaceuticals”; Piyush Bansal, Co-founder and CEO of “Lenskart”; and Vineeta Singh, CEO and Co-founder of “SUGAR Cosmetics are all “Sharks” in Shark Tank India.
The biggest deal ever is done by Piyush Bansal in Sid07 Designs in Rs. 25 Lakhs for 75% equity and 22 lakhs as debt.