SharkTankIndia Season3 Episode16
Shark Tank India Season 3 Episode 16 debuted on February 12, 2024. Broadcast on Sony Entertainment Television, Shark Tank India is a Hindi-language business reality TV series, serving as the Indian adaptation of the American show Shark Tank. Entrepreneurs present their business pitches to a panel of investors, known as sharks, who decide whether to invest in their ventures.
Shark Tank India Season 3 features a panel of judges who offer funding to new entrepreneurs in exchange for equity in their company. The main judges include Anupam Mittal, Namita Thapar, Peyush Bansal, Aman Gupta, and Vineeta Singh. Additionally, new additions to the panel include Deepinder Goyal, Founder and CEO of Zomato; Azhar Iqubal, Co-founder & CEO of Inshorts; Ritesh Agarwal, Founder & CEO of OYO Rooms; Radhika Gupta, MD & CEO of Edelweiss MF; Varun Dua, Founder of ACKO, and Ronnie Screwvala, Co-Founder and Chairperson of UpGrad. Rahul Dua continues as the host of the show. The episode airs on TV and is also live-streamed on the Sony LIV app, with each episode having a runtime of 60 minutes.
Three new businesses enter the arena with aspirations, dreams, and a mission to enact change, seeking guidance and investment from the seasoned players of the industry. These entrepreneurs bring forth unique ideas aimed not only at profitability but also at catalyzing revolution and transformation in the country. Additionally, a new Shark, Ronnie Screwvala, joins the esteemed panel of investors, adding further depth to the lineup.
Pitch 1 :- AltCo
Two young entrepreneurs kick off the episode with their company, AltCo, offering an alternative to traditional dairy products. They specialize in plant-based milk, promoting a healthier and environmentally friendly option. Despite these merits, the company has yet to turn a profit and continues to incur monthly losses of around 45 lakhs. This financial revelation fails to ignite interest among the investors, resulting in no offers being made.
Pitch 2 :- WithOut
The following entrepreneur presents a venture that utilizes recyclable plastic to manufacture sunglasses. Emphasizing the use of multi-layer plastic commonly found in chip packets, the founder aims not only to benefit the environment but also to improve the livelihoods of waste pickers. This socially impactful company is committed to the holistic betterment of society.
However, the Sharks express skepticism during the pitch and inquire about the founder’s motivation for establishing the company. He reveals that after living abroad for several years and holding a lucrative job, he felt dissatisfied with his lifestyle and sought to enact change. Ultimately, Ronnie Screwvala and Piyush extend the desired offer, leading to a successful deal closure.
Pitch 3 :- Kibo
The third company, Kibo, introduces a groundbreaking technology designed to revolutionize the lives of visually impaired individuals. Committed to enhancing the quality of life for the blind, the founders have developed a technology that facilitates easier learning by providing content in various regional languages. Following a brief exchange of questions and answers, Piyush and Ronnie extend an offer. However, Aman also presents an offer with a significantly higher valuation.
After careful consideration, the founders propose a counteroffer. Unfortunately, as their terms do not align with Aman’s, he opts out of the negotiation. Ultimately, Piyush and Ronnie’s offer remains the sole proposition on the table, which the founders accept without hesitation.
Shark Tank India Season 3 Episode 16 Review: Final Thoughts
The latest episode of Shark Tank introduces a fresh wave of entrepreneurs dedicated to improving the quality of life rather than solely chasing profits. It serves as an educational platform, showcasing superior alternatives that can enhance viewers’ lifestyles. Alongside the business intricacies, the intense competition among the Sharks in making offers adds another dimension of entertainment, keeping the audience engaged throughout the episode.
Have you gotten around to watching the latest episodes? Let us know how you feel about it in the comments below.
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Watch Full Episode of Shark Tank India Season3 Episode17 On Sonyliv for Free