SharkTankIndia Season3 Episode29:- The Hindi-language business reality TV series, broadcast on Sony Entertainment Television, continues to enjoy widespread popularity among the Indian audience with its third season. The show centers on new-age entrepreneurs pitching their business ideas to a distinguished panel of investors, known as the ‘sharks’. The sharks evaluate these pitches and decide whether to invest in the presented ventures.
Shark Tank India Season 3 features a panel of judges comprising 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; Ronnie Screwvala, Co-Founder and Chairperson of UpGrad; Aman Gupta, CEO and Founder of boAt; Namita Thapar, Executive Director – India Business at Emcure Pharmaceuticals; Peyush Bansal, Co-Founder & CEO of Lenskart; Vineeta Singh, Co-founder & CEO of SUGAR Cosmetics; and Anupam Mittal, Founder & CEO of People Group (including Shaadi.com).
Shark Tank India Season 3 Episode 29 Recap
In Shark Tank India Season 3 Episode 29, Amit Jain, Aman Gupta, Namita Thapar, Anupam Mittal, and Ritesh Agarwal will evaluate three innovative startup businesses and determine whether to invest their time and money.
Pitch 1 :- WiseLife
The first entrepreneurs to enter the Tank are from a company specializing in yoga mats and accessories within the health and wellness sector. They deliver an engaging pitch, illustrating their personal journey with inferior yoga mats and how it impacted their wellness. With their new products boasting superior grip and cushioning, coupled with appealing designs and user-friendly technology, the Sharks are immediately intrigued. The entrepreneurs seek Rs 60 Lakhs for 2% equity, prompting the Sharks to examine the products firsthand.
Inquiring about potential expansion into clothing lines and drawing inspiration from Lululemon, the Sharks receive clear and direct responses from the founders, impressing them further. The founders emphasize their unique selling proposition (USP) of in-house printing and designing, a feature difficult to replicate. After discussing product development and sales figures, Aman, Anupam, Namita, and Ritesh extend offers, with Amit also expressing interest. Ultimately, the founders accept the former deal of Rs 1.2 Crore for 4% equity in the company.
Pitch 2 :- Cervicheck
The next entrepreneurs to enter the Tank are a couple on a mission to combat cervical cancer by providing women with the convenience and privacy of HPV testing at home. They educate the Sharks about HPV transmission and the preventable nature of cervical cancer through early detection. Detailing their product and its usage, they outline various approaches to tackling the cervical cancer challenge. Their funding request is Rs 75 Lakhs in exchange for 1.5% equity.
Conducting a demonstration of their device, the founders impress the Sharks with its simplicity, prompting questions about HPV transmission and its impact on men. They highlight a 95% accuracy rate, their market introduction strategy, and regulatory challenges faced during trials. Sales figures and equity distribution are discussed before the Sharks provide their feedback. Namita and Ritesh extend offers, with the entrepreneurs ultimately striking a deal with Namita for Rs 75 Lakhs in exchange for 5% equity in the company.
Pitch 3 :- Eatverse
The final startup to enter the Tank is a multi-brand cloud kitchen company based in Kolkata, offering a variety of cuisines under different brand names but operating within the same framework. The founders share their journey from humble beginnings 9 years ago, boasting of fulfilling over 20 lakh orders since then. They seek Rs 1 Crore for 1% equity, aspiring to become the top food brand in India. Following their pitch, they treat the Sharks to samples of their diverse food offerings, unanimously deemed delicious.
The Sharks inquire about the company’s sales and unique selling proposition (USP). Unfortunately, the founders struggle to justify their poor sales and lack of a distinct USP, leaving the Sharks skeptical. While the founders defend their business model, citing a strategy of launching new brands only after ensuring profitability of previous ventures, the Sharks express concerns about growing competition and scalability challenges for cloud kitchens operating beyond their original markets. Ultimately, the founders leave the Tank without securing a deal.
Shark Tank India Season 3 Episode 29 Review
The latest episode of Shark Tank India Season 3 introduces three startups with distinct offerings, but fails to deliver a standout product that truly captivates viewers. While Cervicheck presents an intriguing and informative pitch, the other two startups seem relatively ordinary, reminiscent of similar businesses seen in previous episodes. The recurring focus on clothing and food ventures with similar models and products is becoming monotonous and lacks differentiation.
Furthermore, the dynamics among the Sharks are becoming increasingly noticeable, with banter and playful jabs sometimes crossing the line into childish behavior. Some of their attitudes also appear sour, which is unexpected considering the previous seasons’ demeanor.
Overall, Shark Tank India Season 3 Episode 29 falls short of expectations, leaving room for improvement. Hopefully, the upcoming episodes will bring more excitement and intrigue to the table.
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 Episode29 On Sonyliv for Free