SharkTankIndia Season3 Episode31The Hindi-language business reality TV series, broadcast on Sony Entertainment Television, continues to captivate audiences in its third season. This installment showcases a panel of esteemed judges, known as the ‘sharks’, who evaluate pitches from new-age entrepreneurs. These entrepreneurs present their business ideas, seeking investment from the sharks to propel their ventures forward.
Shark Tank India Season 3 features a diverse panel of judges, including industry leaders such as Amit Jain, CEO & Co-Founder of CarDekho Group; 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).
Pitch 1 :- FOMO
This beverage brand specializes in freshly brewed iced teas that boast no refined sugar, preservatives, or concentrates, delivering a unique taste experience, according to the founders. They’re also on the brink of launching milk mixes that promise both health and flavor, aiming to dominate a category currently saturated with sugar-laden products. Their pitch concludes with a request for Rs 35 Lakhs in exchange for 4% equity.
Following the pitch, the Sharks engage in a humorous exchange about the slang used by the new generation, including terms like “BT” (bad trip) and “sus” (suspicious), resulting in laughter all around. The founders then delve into their entrepreneurial journey and the motivations behind their business, sharing insights into their educational background. The Sharks inquire about the sugar content and pricing of their products, eventually shifting the discussion to their sales figures.
Despite facing challenges with limited working capital, the founders impress the Sharks with their passion and energy. All Sharks extend offers, but the founders ultimately accept Anupam and Aman’s offer of Rs 35 Lakhs for 6% equity in the company.
Pitch 2 :- Model Verse
The next entrepreneur presents an advanced artificial intelligence platform designed to assist businesses in showcasing their products on hyper-realistic AI models, streamlining their marketing efforts and jumpstarting their ventures. Notably, the platform offers the flexibility for businesses to select models tailored to their preferences at a significantly reduced cost. The founder seeks Rs 25 Lakhs for a 10% equity stake in the company.
As the Sharks delve deeper into the business model, they express surprise upon learning that none of the displayed models are real. They inquire about the uniqueness of the product and its potential for future replication by competitors. The founder explains the proprietary architecture behind the platform, emphasizing the need for funding to acquire necessary hardware.
During the discussion on pricing strategy and scalability, the Sharks offer valuable feedback, which the founder graciously accepts. After evaluating the company’s current performance and growth prospects, Anupam, Ritesh, and Amit decide to partner with the founder on the original terms, providing the funding required to propel the venture forward.
Pitch 3 :- Vikrant Bike’s
The final entrepreneur to enter the Tank is a mechanical engineering student with a passion for invention, innovation, and mechanical tinkering. His product—a bike powered by hydrogen-ethanol fuel—aims to reduce petrol costs significantly. The founder emphasizes the affordability and simplicity of producing this fuel alternative. He seeks Rs 30 Lakhs in exchange for a 5% equity stake in the company.
During the discussion, the Sharks inquire about the founder’s motivation and journey, evoking emotional reflections on the challenges he has overcome. The founder recounts his persistence amidst obstacles, detailing the bike’s construction and fueling process. However, when asked about his long-term vision and business strategy, the founder struggles to provide concrete answers.
The Sharks probe further, exploring potential applications of the invention and alternative business avenues. Despite the founder’s conviction in his invention, Namita advises him to gain industry experience in a company’s R&D department before pursuing his ambitious automotive venture. She offers support in connecting him with relevant contacts, a sentiment echoed by the other Sharks.
In conclusion, Anupam pledges assistance with patenting the fuel technology, and the Sharks encourage the founder to refine his vision before embarking on his entrepreneurial journey.
Shark Tank India Season 3 Episode 31 Review
In this compelling episode, viewers are treated to a showcase of young and ambitious minds striving to propel the country forward with their clear vision and relentless determination. The inspiration drawn from these founders is palpable, offering viewers a glimpse into the promising future of entrepreneurship in India.
However, one aspect of the episode that detracts from its appeal is the overt emotional element. While it may foster viewer empathy towards the contestants, it feels somewhat contrived and detracts from the primary focus of the show, which is business. When the episode delves into emotional territory reminiscent of other reality TV shows, it risks diluting its distinctive charm.
Nevertheless, the episode presents a plethora of intriguing questions that will keep viewers engaged. The founders’ ability to accept constructive criticism adds an additional layer of intrigue, making the viewing experience all the more enriching.