Shark Tank India has returned with its third season on Sony Entertainment Television and Sony LIV. Season 3, Episode 3, premiered on January 24, 2024, during the 10-11 PM IST time slot. Comedian Rahul Dua continues to host the show, while five esteemed judges, known as sharks, grace this episode – Anupam Mittal, Founder-CEO of Shaadi.com – People Group; Aman Gupta, Co-Founder-CMO of boAt; Vineeta Singh, Co-Founder-CEO of SUGAR Cosmetics; Peyush Bansal, Founder-CEO of Lenskart.com; and Namita Thapar, Executive Director – India Business, Emcure Pharmaceuticals.
Each episode provides insights into new business terms, enriching our understanding of concepts that may have been familiar but not fully grasped in our daily lives. The program illuminates how these terms are applied in contemporary business and modern technology, introducing viewers to the brilliant minds driving entrepreneurial endeavors within our own country. Furthermore, it highlights some of the best deals and products that, if adopted, could significantly enhance our lives.
The third episode sets a compelling tone by promptly introducing Ritesh Agarwal, the Founder and CEO of OYO Hotels & Homes, and delving into the inception of his company. It offers insights into the genesis of his idea, emphasizing the journey from concept to monumental success. The episode also showcases Agarwal’s resilience, particularly as someone from a small town, illustrating how he built a significant company despite facing challenges and persevering through difficult times.
Pitch 1 :- RodBez
Dilkhush Kumar and Siddharth Shankar Jha pioneered RodBez, an app catering to one-way travelers by offering taxi, taxi pool, and carpool services. This innovative solution tackles the challenges faced by drivers and customers alike in Bihar. In a region where finding return trips is increasingly difficult for drivers, RodBez ensures customers aren’t burdened with unnecessary return journey expenses.
The judges were struck by the founders’ integrity and their profound grasp of the local dynamics. Unlike conventional taxi services mainly operating in urban hubs, RodBez aims to extend its footprint throughout Bihar. The credibility of the venture was bolstered by one of the founders’ prior experience as a driver, showcasing firsthand insight into both drivers’ requirements and customers’ preferences.
Pitch 2 :- BLIX
Abbas Gabajiwala, the forward-thinking founder of BLIX, leads a pioneering toy company that blends play with science and robotics, delivering educational value to children. Coming from a lineage deeply rooted in toy manufacturing, Abbas represents the third generation upholding this legacy. His captivating pitch and revolutionary product mesmerized all the investors, highlighting the market potential and transformative influence of his innovative creation.
Pitch 3 :- Homversity
Saurav Kumar Sinha introduced Homversity, an innovative application aimed at revolutionizing the search for hostels and PG accommodations. The startup targets the challenges faced by students in finding suitable living spaces, including the struggle to secure clean, comfortable environments with access to quality food. While the pitch highlighted the app’s potential, the founder’s apparent lack of responsiveness to the sharks’ inquiries failed to sway them, raising doubts about the venture’s scalability in the market.
This episode showcased remarkable technological innovations, showcasing the ingenuity of Indians. Despite Rodbez founders’ modest educational background, they utilized resources like YouTube to develop their application, demonstrating their unwavering commitment. Furthermore, Blix introduced exciting new toy technology, offering a promising alternative to children overly reliant on smartphones.
The judges showed a strong interest in this episode, offering insightful perspectives on the products and providing logical reasoning on how each startup could succeed in the market. Their evaluations illuminated which businesses held considerable value and which ones might encounter obstacles. Ritesh Agarwal, the new shark, undeniably showcased a keen interest in investing in companies. His active participation with each participant highlighted his deep engagement and understanding of the business landscape. The other sharks also consistently demonstrated their excellence throughout the process.
Shark Tank India Season 3 Episode 3 Review: Final Thoughts
This episode of the business reality show not only deepened our understanding of crucial business concepts but also provided a window into India’s diverse and innovative entrepreneurial scene. It offered valuable insights into the entrepreneurs’ journeys, showcasing their struggles and victories while underscoring the significance of resilience and foresight in the competitive business arena.
The judges’ discerning assessments added layers to the episode, spotlighting both the promise and hurdles confronting each startup. Ritesh Agarwal’s active involvement as the new shark further enriched the show, demonstrating a genuine commitment to investing in and fostering the growth of emerging ventures. Overall, this episode succeeded in blending business education, inspirational narratives, and the exciting prospects of innovative startups within the Indian market.
Watch Full Episode of Shark Tank India Season3 Episode2 On Sonyliv for Free