Shark Tank India has boosted the rise of start-ups and entrepreneurs after the successful running of season 1. The revolution brought in by the show has positively affected the start-ups and entrepreneurs who were looking to make massive gains in the market and help India gain momentum in the global scenario.
Is the show scripted?
No, it is not. The show is inspired by Shark Tank US, Shark Tank Australia, etc. The sharks do invest their money, negotiate, and reject deals but it’s the production team that decides, what should be aired and what should be cut. Though one could say it’s overdramatic but the team knows what is good to be aired and what the audience likes, based on which the sharks make the deal.
The first season not only witnessed some innovative ideas but also saw participation from women entrepreneurs whose dreams were defined by their ambition and persistence to grow themselves and create an impact.
Grover once stated, “We have already started transferring funds. By January 31, half the people would have gotten the investments. The idea is to capitalise early and help them grow,”
According to Sony TV, the show received 62,000 aspirants from India, out of which 198 businesses were selected to pitch their ideas to the ‘sharks’.
Successful ventures from the season…
All the 198 businesses might have not received funding but 68 did. Let’s have a look at a few of these businesses that have gained massive momentum and have utilized their full potential after successful pitching from the sharks.
Nashik-based manufacturer of electric two-wheelers, founded by Jayesh Sahebrao Tope, Pritesh Prakash Mahajan, and Pushkaraj Narendra Salunke that won over investors on Shark Tank India in December 2021 — recently announced the launch of “India’s first transformable EV” called the RM Buddie 25.
At the show, they raised funding amounting to Rs 1 crore from Aman Gupta, co-founder of boAt, and Anupam Mittal, founder of People Group, for 1.5% equity. After the show, however, other sharks like Ashneer Grover and Peyush Bansal also came in to invest Rs 50 lakh each.
Revamp is India’s first EV two-wheeler startup to launch its product ‘Buddie’ in the Metaverse. The sales of the two-wheelers as claimed by the company is in positive and will soon look to deliver the products in the market.
The smart gadget brand, founded by Chand Bhati and Rohit Gandhwani has recorded growth in the market after receiving an investment at Shark Tank India. Before the show, Hammer’s monthly sales were Rs 70 Lakhs, while their website had 30k visitors. Now, their monthly sales are said to have passed Rs 2 Cr. Their website visitors have increased to 400k. The company has also started offline distribution of their products.
Brain Wired (WeStock)
This life-saving innovation Brain Wired, founded by Romeo P Jerard, and Shreeshankar S Nair proved to the world that good deeds go a long way. The tech products brand appeared in Shark Tank India and is among the top 75 success stories of agriculture in India. The tech company got a deal for Rs 60 Lakhs for 10%. Before coming to the tank, their monthly sales stood at Rs 1 to 2 Lakhs. This has now skyrocketed to Rs 35 Lakhs per month. They are also starting international export.
Bummer, led by Sulay Lasvi, is an Ahmedabad-based innerwear company, focused on delivering eco-friendly, sustainable and high-quality products. The company’s products are targeted at millennials and are made exclusively from micro modal fibres—the softest material—with each pair weighing less than 60 gm is in talks with investors like NSA.
Bummer has seen a 260% growth year on year in revenue. The brand is growing tremendously and has expanded its team from 20 employees to 40 employees within eight months to cater to the needs and requirements of our customers.
The brand, founded by Anish Basu Roy, and Sagar Bhalotia caters to GenZ, Tagz Foods has successfully made a place in the hearts of their customers across India and even abroad. The popped chips brand got a deal for Rs. 70 Lakhs for 2.75% equity. After appearing on the show, the company has witnessed a 3 times growth. From being a popped chips brand, they have extended to other products like dips and chocolate cigars. They now have distribution in 20 Indian cities and Dubai, Kuwait, and Australia, which was restricted to 6 cities before the show. They have also started six manufacturing units now.
Get A Whey
Led by the mother-son duo of Jimmy and Jash Shah, who clicked off an instant connection with the investors with their presentation and the story. Get-A-Whey is a health-driven ice cream brand catering to millennials. They sealed a deal for Rs 1 Cr for 15% equity. Before appearing on the show, their monthly sales were Rs 20 Lakhs, which are now between Rs 80 Lakhs to Rs 1 Cr. From a three-city distribution network, they have reached 19 cities in the country and aim to increase further.
Skippi Ice Pops
Skippi Ice Pops, led by founders Ravi and Anuja Kabrawas the first startup to get an all-sharks deal on the show. The ice popsicle brand got a deal for Rs. 1 Cr for 15% equity. Before appearing on the show, the company used to register sales of Rs 4-5 Lakhs per month and only had regional distribution. Now, their monthly sales stand at Rs 70 Lakhs. From 150 visitors per day, it has boomed to 8,000 visitors per day. They have also started international exports to countries such as Uganda, Nepal, Kuwait, Hong Kong, and Dubai.
Anoushka Jolly, a Class 8 student became the youngest entrepreneur on the show to win funding for her idea. The 13-year-old appeared on the show to pitch her anti-bullying app called ‘Kavach’ for which she received Rs 50 lakh in funding.
“Today, I have a total of two million impressions online. My company’s valuation was INR 50 lakh at which I had raised money on Shark Tank India. I got tremendous investor interest from all over the world and as we speak, the next round of fundraising is going on at a valuation of INR 20 crore, a 40 times jump from what it was,” said Jolly.
As we speak of the season 1 well-doers, season 2 has kicked off without Asneer Grover who is replaced by Amit Jain (Co-founder – CarDekho)