New Delhi: The second season of Shark Tank India has been the talk of the town since its inception. After the successful run of the first Shark Tank season, another part of Shark Tank India is out with a slight change to replace Bharat Pay co-founder Ashneer Grover with CarDekho founder Amit Jain. From the beginning, the second season has been one of the debated topics on Linkedin, with netizens expressing their opinions about the season and its judges.
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Ankit Uttam, a popular author, in his new LinkedIn post talks about how Shark Tank India hasn’t worked for him since the first season, unlike its American counterpart. He added that the judges on the US version of the show, Barbara Corcoran, Mark Cuban, Lori Greiner, Robert Herjavec, Daymond John and Kevin O’Leary, are running businesses that actually make a profit instead of riding on VC money or sinking into huge losses. are earning ,
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Writer Ankit Uttam said in his post that shark Namita Thapar’s credentials were similar to Ananya Panday in Bollywood. He rhetorically asked if anyone had heard of nepotism in the story. “Namita Thapar is not the founder of her company Emcure Pharma. It is her father who started it and is still its CEO,” he wrote in the post.
Writer Ankit has done a research to go deep into the professions of each shark in the Indian counterpart from Season 1.
His research and analysis on the businesses run by these sharks revealed that most of them were running at a loss. The author argued that Vinita Singh’s Sugar Cosmetics, one of the sharks, reported a loss of Rs 75 crore in FY22 from Rs 21.1 crore in FY21. 102.3 cr, Rs 246.5 cr and Rs 5,594 cr in FY22. Major part of FY22.
“Ghazal Alagh’s Mamaearth for the first time since inception had made a profit at INR 14.44 Cr for FY22 after a loss of Rs. 1,332 crore in FY21 and ₹428 crore in FY20. Also the company has registered a net profit of 4 crores in the first half of FY23. So the company only recently started turning profitable. Also, a recent report in Mint states that they are going to bring an IPO at a valuation figure of Rs 24000 crore. 24000 crores when the profit is only 14 crores! Posted by the author.
The author argued that Aman Gupta’s boat was the only company that has been profitable since its inception. He concluded his post by saying that the Shark Tank India version looked like a rendition of the more interesting American version of Ekta Kapoor’s show.