Have you ever thought of any show which helps you to invest money and make you a billionaire in no time. If not then need no to worry. It could not have been better timed. The award-winning American reality show in which millionaires invest in fledgling businesses Shark Tank has an Indian edition with the same name Shark Tank India, premiered on Sony Liv at the tail end of 2021.
It’s a series that encourages innovators and businessmen, to share their business idea to be funded, to bring their idea and schematics to completion. The show has been a success and is bringing in inspiring talents from across the country.
Now, if you are wondering ‘who are the sharks’ (Shark Tank Judges) and ‘will it be a success like its American counterpart’. So let’s dive in and know more about the same.
What Is Shark Tank?
The American franchise of the international reality show premiered on August 9, 2009, on ABC. But it first originated in Japan as Money Tigers in 2001. Further, the panel of investors, or the judges, is actually the Sharks, who after getting pitched by the contestants, decide whether to invest in their company or not.
The job of Sharks aka judges is to often find weaknesses and faults in an entrepreneur’s valuation of their company, product, or business model.
Process Of Dealing In Shark Tank India
The entrepreneur can make a handshake deal, if a panel member is interested in. However, if all of the panel members opt out, the entrepreneur leaves empty-handed.
However, the Shark Tank effect is so strong that after appearing in the show, entrepreneurs’ revenue increased 10 to 20 times.
Moreover, Shark Tank is a multiple Emmy Award-winning show and is considered as World’s biggest and number 1 business reality show.
What Is Shark Tank India?
The Indian version of Shark Tank is the counterpart of the American format. This show will also help entrepreneurs from India to invest their money in Sharks company. These self-made multi-millionaires judge the business concepts and products pitched and then decide whether to invest their own money to help market and mentor each contestant.
The Shark Tank India is produced by Studio NEXT and will be telecasted on Sony Entertainment Television Channel.
Judges of Shark Tank India
1. Ashneer Grover
Ashneer Grover is the managing director and Co-founder of BharatPe. He co-founded Bharatpe with Shashvat Nakrani in 2018.
2. Vineeta Singh
Vineeta Singh is a CEO and Co-founder of SUGAR Cosmetics. She co-founded Sugar Cosmetics in 2015 with Kaushik Mukharjee.
3. Peyush Bansal
Peyush Bansal is the CEO and Founder of Lenskart. He founded Lenskart in 2010 with the help of Amit Chaudhary and Sumeet Kapahi.
4. Namita Thapar
Namita Thapar is the executive director of Emcure Pharmaceuticals.
5. Anupam Mittal
Anupam Mittal is a Co-Founder and CEO of Shaadi.com – People Group. He founded Shaadi.com in 1997.
6. Ghazal Alagh
Ghazal Alagh is the Co-Founder and Chief Mama at Mamaearth. She co-founded Mamaearth in 2016 with Varun Alagh.
7. Aman Gupta
Aman Gupta is Co-Founder of BoAt Lifestyle. Aman Gupta founded BoAt in 2011 with Sameer Mehta. Before co-founding Boat, he was the director of sales at Harman International.
How To Participate In Shark Tank India?
Now, if you are interested and wondering how to participate in the show. There are some basic steps. One has to register themselves, down below are some of the steps one needs to follow during the registration:
- The first and foremost step is to do is to download the SonyLiv app or Log on to www.sonyliv.com.
- Then you can find the register banner of Shark Tank, click on that.
- You have to enter your mobile number to get your OTP verified.
- You have to fill up all the information that is in the form regarding your participation in the show.
- You have to enter all the information about your business.
- The mandatory fields are needed to fill up properly with relevant information.
- Submit your registration form.
Though the registrations are closed now. As the show has been aired on 21 December, 2021. But one can save it and try to participate in next season.
And speaking of some similar shows like Shark Tank, then Shark Tank India is not going to be the first business reality show in the country. Before, there was MTV Dropout. It aired in the year 2017 and the concept was almost the same as the Shark Tank.
This show featured some dropouts who had to participate in many challenges that test their physical and mental strength. This shows the judges if it is good to invest in their business or not. The show was not renewed after its first season.
Hence, Shark Tank is a show that may provide some great opportunities to the new entrepreneurs and who knows this may lead to being the next big thing related to business in the country.