Shark Tank India became a phenomenon show which showcased some creative ideas, absurd pitches and endless memes
HIGHLIGHTS
Shark Tank India’s ‘pitch of the season’ received Rs 20 lakh loan without interest.
Total four pitches received investment from all the ‘Sharks’ on Shark Tank India.
One of the pitchers from Shark Tank India reveals what all goes behind the scenes.
Shark Tank India became a phenomenon show which showcased some creative ideas, absurd pitches and endless memes.
Perhaps no one expected that Shark Tank India would become one of the most popular shows that would trend on social media every day.
While there were candidates/pitchers who received love from the whole nation, others were too hard to believe so judges waved a red flag as soon as they heard the idea because of their business ideas that literally made the judges and the viewers laugh out loud.
LET’S LOOK AT SOME BEST AND WORST PITCHES OF SHARK TANK INDIA SEASON 1
SHARK TANK INDIA’S ‘PITCH OF THE SEASON’
Entrepreneur Kamlesh Nanasaheb Ghumare created a multipurpose bicycle solution for farmers which was declared ‘the pitch of the season’ on Shark Tank India Season 1. Kamlesh charmed the panel of ‘sharks’ and his winning idea was backed by Lenskart co-founder Peyush Bansal and received Rs 20 lakh loan without interest.
PITCHES THAT RECEIVED INVESTMENT FROM ALL THE SHARKS
1. ICE POPS: You may have enjoyed ice pops in your childhood and probably love them as adults too. However, it wasn’t a new creative business, but Sharks found it investable and Skippi Pops’s Ice Pops managed to get all the Sharks in the tank for Rs 1 crore investment in exchange for 15% equity.
2. SNEAKER RESALE: Another business idea was Find Your Kicks India, a company that resells sneakers in which Shark Tank India Judges found it a booming industry and decided to invest 25% equity the founder received Rs 50 lakh.
3. CAN COCKTAILS: Not as creative as you think but the judges obviously loved it. IN A CAN product offers cocktails in a can just like a soft drink with different flavours for which the idea received Rs 1 crore for 10% equity.
4. PORTABLE ECG DEVICE: Sounds interesting and needed since it’s a common medical test that helps diagnose abnormalities in the functioning of the heart at an early stage. The product can be used anywhere and can help many prevent irreversible heart ailments by making an early diagnosis. The product received a total investment of Rs 1 crore for 6% equity from all the Sharks.
5 WOMEN ENTREPRENEURS HONOURED BY THE JUDGES ON SHARK TANK INDIA
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Aditi Gupta, Founder Of Menstrupedia: Nation’s first comic book on periods, Menstrupedia, secured Rs 50 lakhs for 20 percent equity.
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Aishwarya Biswas, Founder and Md, Auli Lifestyle: Ayurvedic skincare brand to pamper you and make you feel good which got an investment of Rs 75 lakh for 15 per cent equity.
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Ananaya And Anushree Malloo, Co-Founders Of Nuutjob: A men’s hygiene product brand created by women received Rs 25 lakh for 20 per cent equity.
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Surabhi And Chetna Shah, Founders of Carragreen: Mother-in-law and daughter-in-law duo with a vision to eliminate the use of plastic cutlery in everyday life. A substitute for disposable plastic at affordable rates got an investment of Rs 50 lakhs for 20 per cent equity.
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Riya Khattar, founder of Heart Up My Sleeves: The product solves the most common problem that each girl faces i.e. while they have a lot of clothes but still nothing to wear. Heart Up My Sleeves create detachable sleeves for which it got Rs 25 lakh for 30 per cent equity.
WORST PITCHES & WEIRD BUSINESS IDEAS THAT TURNED INTO FAMOUS LOL MOMENTS
BELLY BUTTON SHAPER
Exactly how it sounds! The product was the funniest yet weirdest thing ever and not only on the show. Pitchers and creator of the product Baldev Jumnani from Nagpur pitched their idea to the judges calling it as his fantasy (apparently). The participant came with his wife, and the first thing that came out of his mouth was, ‘What’s your fantasy? ‘ The question itself left the judges stunned and confused whether to laugh or to cry. Lol
Read more: Gangubai Kathiawadi Review: Alia Bhatt has outdone herself!
The product was ‘Belly-Button Shaper’, also called ‘Gol Nabhi’ (literally: round belly button).
After listening to the pitcher, Ashneer Grover and Aman Gupta actually hid their faces to laugh. Creators Baldev and Jayshree Jumnani even invited a belly dancer to demonstrate the product.
Ashneer who is known for giving blunt replies to the contestants literally slammed the contestant. Can we blame him?
PORTABLE GLASS ATTACHMENT
After listening to the product’s name, you may wonder this might be a tech device but well, it is not, it is just a device. Season’s another weirdest pitch that made Ashneer lose his temper was Sippline Drinking Shields’ portable glass attachment as in a cover for glass rims. The founder even called it’s product ‘glass ka mask’.
Ashneer just couldn’t control and lost his cool and said, “Bhai kya kar rha hai tu? Do you drink a lot? You took the place of a deserving candidate”, were some of the harsh words that the founder had to face.
Ashneer even said, “Mujhe bhagwan utha le ye itna ganda product hai.”
Anupam Mittal shares businesses deal that happened on the show
67 businesses got deals out of which – 59 (87%) had founders with no IIT/IIM degrees, then 45 (67%) had at least one co-founder<25 yrs 40 (60%) had never been funded. 29 (43%) had at least 1 woman founder, 20 (30%) were from Bharat & rural India, as tweeted by Shark Anupam Mittal on February 3, 2022 and the show concluded the next day.
67 businesses got deals in @sharktankindia this season, of which –
59 [87%] had founders with no IIT/IIM degrees
45 [67%] had at least one co-founder<25 yrs
40 [60%] had never been funded
29 [43%] had at least one woman👩founder
20 [30%] were from #Bharat 🇮🇳 & rural #India— Anupam Mittal (@AnupamMittal) February 3, 2022
BOOKS BASED ON SHARK TANK EVERY FAN NEEDS TO READ
SHARK TANK JUMP START YOUR BUSINESS
Author – Michael Parrish Dudell , Mark Cuban, Et Al
Read More- Ahead of Gangubai’s Release, 7 Best Performances of Alia Bhatt
YOU DON’T HAVE TO BE A SHARK
Author – By Robert Herjavec
THE POWER OF BROKE
Author – Daymond John
COLD HARD TRUTH ON MEN, WOMEN, AND MONEY
Author – Kevin O’leary
SHARK BITES
Author – Scott Jordan
The show comprises of a 3 minute pitch followed by a Q&A with the sharks. Your pitch is designed by the Channel creatives and mostly you need to stick to it and speak Hindi, at times your USP can get diluted but that's how the scheme of things is.
— Akshay Shah – Founder CEO, iWebTechno (@AkshayiWeb) February 5, 2022
BEHIND THE SCENES SOME FACTS/CLAIMS MADE AGAINST SHARK TANK INDIA
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The three-minute pitch is designed by the Channel creatives and entrepreneurs have to stick to it anyhow even if the USP of their product is getting lost in it.
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The process of pitching your idea and decision from the sharks looks like a 15-20 minutes interaction on the TV show, however, it actually goes on for much longer at around 60-120 minutes where “both the parties get to understand each other’s dynamics, says one of the winning entrepreneurs.
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There goes a lot of practice before the actual shoot and the Shark Tank India’s creative team plays a huge role in helping the entrepreneurs polish their pitches led by talented and driven people which helps the entrepreneurs to present their ideas/products shine on stage.
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In a series of screenshots, a pitcher who appeared on the show Shark Tank India – Akshay Shah, the founder/CEO of a company called iWeb shared why he was neglected and treated unfairly behind the scenes. It was reported that the episode he appeared in has also not been aired. Also, another entrepreneur who was able to raise Rs 50 lakhs from the show, Angad Talwar has disclosed if Ashneer Grover was repulsive and shared some behind-the-scenes secrets of Shark Tank India.
