A renowned reality TV show called Shark Tank India brings together ambitious business owners and seasoned industry leaders. Young entrepreneurs can use the show as a platform to present their business ideas and obtain funding from a group of seasoned investors known as “sharks.” The sharks, which are made up of successful business executives and venture capitalists, judge the pitches, strike deals, and put their own money into potential firms. Shark Tank India has recently come under fire, though, by claims that contracts were changed or canceled after the show had already begun filming. The entrepreneurs who took part in the show have expressed unhappiness about these claims. Recently Anupam Mittal reacted to Ashneer Grover’s remark over the controversy. Scroll down to read Shark Tank India: Anupam Reacts To Ashneer’s Comment.
Shark Tank India: Anupam Reacts To Ashneer’s Comment
Participants believe that the sharks reevaluate the agreed-upon bargains based on elements like online traffic and audience response, according to a report by Money Control. One of the founders, Kunal, described how he set up a meeting with the investor to resolve delays in closing a contract. He was informed, nevertheless, that a Shark Tank pitch lasting an hour wasn’t enough time for the investor to decide.
Mohit, a different entrepreneur, had to deal with the consequences of the sharks’ slow follow-up even though his firm had gained a lot of momentum. After six months, when he finally had a follow-up meeting planned, he saw other founders having their deals renegotiated for lower valuations. He was shocked to learn that the shark and his staff had treated him similarly as they attempted to renegotiate the price. These charges raise questions regarding the behavior of the sharks and how it affects business owners.
Ashneer Grover’s Reaction:
Grover, a former shark from season one, poked fun at the other judges as the show prepared for its third season by suggesting that they put the money they intended to invest in an escrow account.
Ashneer stated, “Sharks are called sharks because they’re expected to take decisions and act swiftly so that the ‘fish’ (the pitcher) has no time to react,” which was quoted in Money Control’s report. If they respond, ‘No, it takes time,’ then they shouldn’t be labeled sharks; rather, they should be named dolphins.” Ashneer Grover’s outburst coincides with the emergence of tensions between the show’s sharks (judges) and the founders who have won deals over concerns relating to transaction delays, term changes, and renegotiation of valuation.
Solution is simple – ask Sharks to put money in escrow before shoot starts ! Dene ke liye paisa hona bhi chahiye 😉
Sharks or Dolphins? Ashneer Grover fires salvo amid escalating founder-investor rift on Shark Tank India https://t.co/DM8VIa6JdD
— Ashneer Grover (@Ashneer_Grover) June 26, 2023
Anupam Mittal’s reaction to Ashneer’s comments:
Anupam Mittal, the founder of Shaadi.com and a Shark Tank judge from India, responded to Ashneer Grover’s remarks by posting a picture of a shark wearing a tie and a group of similarly attired canines barking in unison on LinkedIn.
The image, brilliantly captioned “BARK TANK,” appeared to make fun of Shark Tank India’s detractors. In his LinkedIn article, Mittal started by responding to the various criticisms that have been leveled at the show over the years. He emphasized that these claims are unfounded and are based only on predetermined narratives that lack any supporting information or reliable sources.
About Shark Tank India
Shark Tank India is a business reality television show that is shown on Sony Entertainment Television in India. The show depicts business owners giving pitches to a group of sharks or investors, who determine whether to fund their enterprise.
Shark Tank India (season 1) broadcasted on Sony LIV and Sony Entertainment Television from December 20, 2021, until February 4, 2022.
Season 2 broadcast from 2 January 2023 to 10 March 2023. , Shark Tank India (. Amit Jain, CEO and co-founder of the CarDekho group and InsuranceDekho.com, made an appearance as a New Shark in the second season. The season’s host was Rahul Dua.
Shark Tank India Concept
On the show, a group of potential investors known as “Sharks” listen to entrepreneurs pitch their ideas for new ventures or products. These self-made millionaires make decisions about whether to invest their money to coach and market each competitor after evaluating the business ideas and products provided. For the first season, humorist Rannvijay Singha hosted the show. For the second season, comedian Rahul Dua took over as host.
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