Shark Tank India is one of the most-watched programs on Indian television. Aspiring entrepreneurs pitch their company models to a panel of investors (sharks) in order to persuade them to invest money in their idea in this business reality show. Anupam Mittal, Vineeta Singh, Peyush Bansal, Namita Thapar, and Aman Gupta are the five Shark Tank India Judges who returned for the current season. Ashneer Grover, the founder of BharatPe, is not participating in the most recent season, but the makers have included Amit Jain as a new judge. However, if you think all these judges are making crores of money, then you may be wrong. A LinkedIn user posted a post on his social media and claims that apart from BoAt co-founder Aman Gupta, all the other sharks are suffering huge losses.
Shark Tank India Judges Are Drowning In Losses
Ankit Uttam, a marketer, and an author took to LinkedIn and revealed why Shark Tank India never worked for him in comparison to the show’s US version. In the post, he wrote,
“In the US version of the show, every judge (Barbara Corcoran, Mark Cuban, Lori Greiner, Robert Herjavec, Daymond John, and Kevin O’Leary) is running businesses that actually turn a profit instead of riding on VC money or drowning in huge losses.”
He added that he researched the businesses of each shark and what he found is shocking.
“Vineeta Singh’s SUGAR Cosmetics reported a loss of INR 75 Cr in FY22 up from INR 21.1 Cr in the fiscal year FY21.”
“Ghazal Alagh’s Mamaearth for the first time since inception had posted a profit for FY22 at INR 14.44 Cr after suffering losses of Rs. 1,332 crore in FY21 and ₹428 crore in FY20. Also the company has reported a 4 crore net profit for the first half of FY23. So the company has just lately begun turning profitable. Also a recent Mint news report states that they are going for an IPO at a valuation figure of INR 24000 Cr. 24000 Crore when the profits are just 14 crore !!!!!! 😱
“BharatPe’s total loss stood at Rs 5,594 crores in FY 2022. In FY 2021, the company had recorded a total loss of Rs 2,961 crore. Ashneer Grover was recently removed from the company so these losses will be also under his leadership since he was the CEO for the major part of the FY22.”
“Anupam Mittal is the owner of brands like Shaadi. com, Makaan .com, Mauj Mobile. Except Shaadi other brands are either dead or not making enough money. Even Shaadi’s financials are NOT known in public except one recent report about its future IPO that may or maynot arrive since one such attempt was also made in 2009.”
“Peyush Bansal’s Lenskart posted a consolidated loss of INR 102.3 Cr in FY22. Enough said!
“Namita Thapar is NOT the founder of her company Emcure Pharma. It’s her father who started it and still is its CEO. So her credentials seem similar to that of Ananya Pandey in Bollywood. (Did somebody hear nepotism 🙄)
“Amit Jain’s CarDekho posted losses of ₹246.5 crore in the financial year 2021-22.”
“Aman Gupta’s Boat is the only company that has been profitable since its inception.”
Here is the post
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