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There has been a lot of debate about the legitimacy of Shark Tank India. Some entrepreneurs claim they are not getting any funding despite signing deals on the show. The Shark Tank India judge has promised investors around Rs 120 crore in the last two seasons. However, Anupam Mittal, founder and CEO of Shaadi.com, has come forward to clarify the paperwork required before the funds can be released.
Shark Tank India provides a platform for Indian startups and entrepreneurs to pitch their ideas and receive funding for their businesses. Recently, the reality show has come under fire for failing to meet the investment commitments made to the companies shown on the broadcast. According to the data, 40% of the Season 1 deal was closed within his year, with the initial commitment amount of Rs 40 billion eventually reaching an investment of Rs 17 million (excluding debt). Anupam Mittal justifies this approach by pointing out that the implementation period can range from one month to more than a year, depending on the company’s readiness.
Anupam further addressed the concerns of entrepreneurs, saying, “They hadn’t even set up a company. And the ROC website was down for three months. My team supported them and others. I tried to find a way…I went directly to the registrar company…but for three months it was impossible to register a new company.”
During a conversation with a news portal, Anupam explained how the deal will continue outside of Shark Tank India. He shared that not all deals continue smoothly, saying, “90% of the time… if the deal doesn’t close after the initial commitment… it’s because the originator exits thinking they have a better reputation externally.” That’s why,” he said. Let’s say you commit to 20 deals and 10 close. In at least 7 or 8 out of 10 cases, the founder has withdrawn. And there will be two or three instances where the claim is incorrect or the necessary conditions are not met. ” We had some great founders and investors represented this season, so we said, “As always, you know how much money is raised in the winter, but it’s always summer in the tank, and we’re seeing a lot of good, sound investments.” you’ll see,” he says.
Shark Tank India provides a platform for Indian startups and entrepreneurs to pitch their ideas and receive funding for their businesses. Recently, the reality show has come under fire for failing to meet the investment commitments made to the companies shown on the broadcast. According to the data, 40% of the Season 1 deal was closed within his year, with the initial commitment amount of Rs 40 billion eventually reaching an investment of Rs 17 million (excluding debt). Anupam Mittal justifies this approach by pointing out that the implementation period can range from one month to more than a year, depending on the company’s readiness.
Anupam further addressed the concerns of entrepreneurs, saying, “They hadn’t even set up a company. And the ROC website was down for three months. My team supported them and others. I tried to find a way…I went directly to the registrar company…but for three months it was impossible to register a new company.”
During a conversation with a news portal, Anupam explained how the deal will continue outside of Shark Tank India. He shared that not all deals continue smoothly, saying, “90% of the time… if the deal doesn’t close after the initial commitment… it’s because the originator exits thinking they have a better reputation externally.” That’s why,” he said. Let’s say you commit to 20 deals and 10 close. In at least 7 or 8 out of 10 cases, the founder has withdrawn. And there will be two or three instances where the claim is incorrect or the necessary conditions are not met. ” We had some great founders and investors represented this season, so we said, “As always, you know how much money is raised in the winter, but it’s always summer in the tank, and we’re seeing a lot of good, sound investments.” you’ll see,” he says.
Shark Tank India Season 3 had 12 prominent investors including Mittal, Aman Gupta, Amit Jain, Namita Thapar, Payush Bansal and Vineet Singh as judges.
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