Shark Tank India Season 1 Story :-
More than a year following the airing of Season 1 of Shark Tank India on television, an analysis by PrivateCircle Research reveals that seven of the investors, dubbed as “sharks,” fulfilled only 28 out of the 65 soft commitments they had agreed upon with startups featured on the show.
Movie Ratings
| Release Date | 20 December 2021 |
| Language | Hindi |
| Genre | Reality |
| Episodes | 35 |
| Cast | Aman Gupta, Anupam Mittal, Ashneer Grover, Ghazal Alagh, Namita Thapar, Peyush Bansal, Vineeta Singh, Rannvijay Singh |
| Writer | Ravikesh Vatsa |
| Production | Studio NEXT, Sony Pictures Television, Sony Pictures Television Studios |
| Certificate | 13+ |
This amounts to slightly over 40% of their commitments. In terms of value, of the Rs 40 crore pledged by these investors, only Rs 17 crore was invested by July 12, 2023, according to the analysis. Private Circle Research arrived at these findings by scrutinizing filings made by Shark Tank companies with the Ministry of Corporate Affairs, updated until July 12, 2023, excluding any debt-related data.
The investors featured in Season 1 included Ashneer Grover of BharatPe, Peyush Bansal of Lenskart, Anupam Mittal of Shaadi.com, Aman Gupta of Boat, Ghazal Alagh of Mamaearth, Vineeta Singh of Sugar Cosmetics, and an executive from Emcure Pharmaceuticals.
Among these investors, Thapar fulfilled the highest percentage of investment commitments, at 59%. She committed to invest in 22 companies, of which 13 have finalized investment filings. Conversely, Mittal had the lowest investment percentage, at 29%, investing in 7 out of the 24 committed deals.
However, some investors have contested these numbers regarding the volume and value of completed deals. Grover disputed the data on Twitter, claiming to have invested Rs 2.95 crore across 11 deals on the show. In response, a spokesperson from PrivateCircle Research stated that their conclusions were based on publicly available information, adjusting Grover’s total investment to Rs 2.94 crores, including investments in Revamp Moto, In A CAN, and The Yarn Bazaar.
Aman Gupta of Boat clarified that he had committed to a total of 28 deals, of which 17 were successfully executed as equity-based investments. Mittal disputed the dataset from PrivateCircle but did not provide specifics.
Furthermore, PrivateCircle Research noted that six startups from Season 1 opted out of Shark Tank deals to secure funding at higher valuations from other investors. Individually, Thapar made the highest investment of Rs 7 crore, while Alagh’s investment was the lowest at Rs 40 lakh, with her participation in the show limited to only a couple of episodes.
Sumanjan Kumar, lead financial analyst at PrivateCircle, commented that some deals on the show may have fallen through due to concerns in company due diligence, while some startups opted for funding at higher valuations from alternative investors.
In Season 2 of Shark Tank India, which concluded in March 2023, a total of 166 companies pitched on the show, with 115 securing a deal commitment. However, only one of these companies, coffee brand VS Mani & Co., has made investment filings so far.
The release of this dataset follows allegations by some contestants on Shark Tank India claiming that investors delayed actual funding, with deal completions taking anywhere from three to nine months, as stated by Mittal on LinkedIn. Some founders expressed frustration with investors’ delaying tactics, while others have moved on, regarding the show as merely a marketing opportunity.
