Following the exponential success of Shark Tank India Season 1, the second season of the business reality show is now set to release in 2022. This article will highlight popular facts about the reality show and How to Register for Shark Tank India Season 2.
Following the exponential success of Shark Tank India Season 1, the second season of the business reality show is now set to release in 2022. The Shark tank India registration for Season 2 has already begun, thus inviting budding entrepreneurs from all over the country to pitch their ideas and grab the best deals for their businesses.
About Shark Tank India:
Shark Tank India is an Indian adaptation of the American business reality television series ‘Shark Tank’. Season 1 of Shark Tank India debuted on Sony Entertainment Television in December 2021 and aired 35 episodes. Owing to the unique format of the show and the popularisation of startup culture in India, the show captured everyone’s attention and became an instant mass favourite.
The show acts as an opportunity for aspiring entrepreneurs to market their products as well as showcase their business model to not only the investors but also to national and international audiences. Entrepreneurs put together and present creative 5-minute pitches to the panel of investors with an aim to achieve investment deals.
The investors are popularly known as ‘sharks’, who themselves are successful business owners and experts in their respective fields. These investors further invest in promising business models and thus provide startup owners with the required finances and mentor-ship in exchange for a share in their equity or other debt-funding opportunities.
The first season of Shark Tank India saw 62,000 registrations out of which 198 businesses got the chance to pitch their innovative ideas while only 67 businesses landed investment deals. A total of Rs 41.98 crores were invested by all the investors in different startups.
For the first season of Shark Tank India, there were 7 sharks in total, each of them contributing to the startups in terms of their knowledge and expertise in addition to financial resources.
- Aman Gupta co-founded boAt along with Sameer Mehta in January 2016. At present, he is the Marketing Director of boAt, which is known for its headphones and earphones.
- Anupam Mittal is an actor turned entrepreneur, known as the founder of the matrimonial site Shaadi.com. He is also the founder and CEO of People Group as well as the founder of Makaan.com, Mauj and Mobango.
- Ashneer Grover is the co-founder of BharatPe, an Indian fintech company. He co-founded it with Shashvat Nakrani and Bhavik Koladiya in 2018. He is now the former Managing Director of BharatPe but unfortunately he will not be judging in Shark Tank India Season 2.
- Amit Jain will be replacing Ashneer Grover in the new season. He is the founder of CarDekho which he started in the year 2006 along with his brother Anurag Jain.
- Ghazal Alagh and her husband Varun Alagh are the co-founders of Mamaearth. Founded in 2016, Mamaearth is India’s first toxin-free beauty brand.
- Namita Thapar is the Executive Director of Emcure Pharmaceuticals.
- Peyush Bansal: He is the co-founder and CEO of Lenskart, an e-commerce portal for eyewear. He has also set up searchmycampus.com and Valyoo Technologies.
- Vineeta Singh is the co-founder and CEO of SUGAR Cosmetics, a beauty product brand.
Few Businesses that received funding:
- Get-A-Whey: Founded by the sibling duo Jash Shah and Pashmi Shah, along with their mother Jimmy Shah, the brand is a healthier option as their ice creams contain whey protein and no added sugars. They bagged an investment of Rs 1 crore for 15℅ equity.
- Proxgy: Founded in 2020 by Pulkit Ahuja and Inderjit Singh, it is a B2B and B2G startup that makes smart safety helmets. It is a human proxy enabling device. They closed the deal at Rs 1 crore for 10% equity.
- AAS Vidyalaya: It is an educational start-up which is claimed to be India’s first virtual school. It is run by Vikas and Leena Kakawini with an aim to provide quality education to those who cannot access it due to multiple reasons. Their business bagged the highest deal of Rs 1.5 crore for 15% equity.
- Booz: Founded by Rutvij Dasadia, it is an app-based electric scooter startup to ensure sustainable traveling. It is the first of its kind in South Asia. The business received Rs 40 lakhs for 50% equity.
How To Register for Shark Tank India:
The Shark Tank India registration for Season 2 has begun and it is your chance to provide your business venture with the platform it deserves.
The registration process involves the following steps:
- To access the application form, download/update the SonyLIV app or follow the link: sharktank.sonyliv.com/
- Sign up using your phone number.
- After signing up, select your preferred language.
- Carefully go through the ‘Terms and Conditions’. Confirm and submit once done. This is followed by the instructions in written as well as video format.
- After reading the instructions, start filling out the form.
- Enter your business details such as name, products, etc. Also, mention the desired funding and percentage investment returns. Similarly, answer the following questions.
- Finally, fill in personal information of about 250 words.
- Once the application form is complete, click on submit to finish the Shark tank India registration process.
In conclusion, Shark Tank India is a massive opportunity for all startup owners who have been looking forward to scaling up their businesses and widening the market for their products but lack the financial resources.