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Shark Tank India 4: Controversy erupts as sharks clash over social media platform founders’ pitch

Money Control

Money Control · 4m ago

Shark Tank India 4: Controversy erupts as sharks clash over social media platform founders’ pitch

On Shark Tank India Season 4, Medial, a social media platform for startups, faced harsh criticism from the Sharks. Founders Aishwarya, Harsh, Niket, and Prateek sought ₹50 lakhs for 1% equity. Kunal Bahl labeled Medial a 'feature factory' lacking clear product positioning, while Anupam Mittal accused them of lacking vision and seeking funding solely for marketing. Despite the backlash, Ritesh Agarwal offered ₹50 lakhs for 2.5% equity, contingent on pivoting to a Startup Showcase App, which they accepted. Anupam questioned the investment's legitimacy, sparking a heated argument with Ritesh, highlighting the Sharks' contrasting views on Medial's potential.

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Business Today

Business Today · 5m ago

Income Tax Bill 2025 vs Income Tax Act 1961: What all has changed under the new bill; check FAQs

Ashutosh Kumar made a unique pitch on Shark Tank India 4, offering Rs 10 for the Sharks’ advisory support. In a surprising turn, all five Sharks—Anupam Mittal, Aman Gupta, Vineeta Singh, Peyush Bansal, and Namita Thapar—accepted his original offer, later providing Rs 10 lakh for a 4% stake in his venture. This marked Kumar as the first repeat pitcher in the show's history to secure a unanimous deal.

Goa startup sells yachts & villas on its app

Inshorts · 5m ago

Goa startup sells yachts & villas on its app

The first episode of Shark Tank India Season 4 showed Goa-based startup, Indulge Global, pitch its luxury concierge service to the sharks. Founded by Karan Bhangay and Advita Bihani, the startup has a unique app with luxury villas, yachts, and art forms listed on it. It caters to ultra-high-net-worth individuals.

Shark Tank India 3's latest addition: Edelweiss MF CEO Radhika Gupta

Livemint

Livemint · 1y ago

Shark Tank India 3's latest addition: Edelweiss MF CEO Radhika Gupta

Radhika Gupta, Managing Director and CEO of Edelweiss Mutual Fund, has joined the judge's panel for the third season of "Shark Tank India." Radhika Gupta, along with other new "Sharks" including Zomato CEO Deepinder Goyal and Inshorts CEO Azhar Iqubal, will evaluate pitches from entrepreneurs seeking investment. "Shark Tank India" is the Indian adaptation of the American show "Shark Tank," where entrepreneurs pitch their business ideas to a panel of investors who decide whether to invest in their ventures. The third season will be streamed on the OTT platform Sony Liv.

Founders lie about numbers on Shark Tank India: Thapar explains

Inshorts · 1y ago

Founders lie about numbers on Shark Tank India: Thapar explains

Shark Tank India judge Namita Thapar explained why many deals promised on the show don't materialise. She said that during the "due diligence" process, sharks often a "lack of integrity" among founders. "There are many founders who have ghosted me. The numbers they quoted at tank, they are completely off, not just marginally but substantially off," she said.

Less than half of investment pledges honored on Indian Shark Tank

Startup News FYI

Startup News FYI · 1y ago

Less than half of investment pledges honored on Indian Shark Tank

Less than half of the investment pledges made by the sharks on Indian Shark Tank were honored, according to a report. The show, where entrepreneurs pitch their ideas to potential investors, saw a significant number of commitments not being fulfilled. This highlights potential challenges and discrepancies between what is promised on the show and what is eventually executed in real business deals.

'Wish you a lot of struggle': Anupam Mittal tells pitcher on Shark Tank India

Business Today

Business Today · 4m ago

'Wish you a lot of struggle': Anupam Mittal tells pitcher on Shark Tank India

Glow Glossary, specializing in matcha-based products, pitched on Shark Tank India seeking Rs 60 lakh for 4% equity but left without investment. Concerns included scalability and founders’ industry experience. Anupam Mittal wished them struggle for growth, while other sharks were unconvinced by financial strategies. Vineeta Singh labeled the venture “not investable,” suggesting a clearer strategy was needed. Glow Glossary aimed for Rs 1.5 crore revenue in its first year with a 45% profit margin.

upGrad’s Ronnie Screwvala, & 2 Others Join Shark Tank India

Inc42 · 1y ago

upGrad’s Ronnie Screwvala, & 2 Others Join Shark Tank India

Ronnie Screwvala, cofounder of upGrad, Radhika Gupta, CEO of Edelweiss Mutual Fund, and Varun Dua, founder of Acko, have joined as new sharks for the third season of Shark Tank India. The season, currently in production, will also feature Ritesh Agarwal from OYO, Deepinder Goyal from Zomato, and Azhar Iqubal from Inshorts as sharks. The total number of sharks for this season is now 12. Other returning sharks include Aman Gupta from boAt, Anupam Mittal from Shaadi.com, Vineet Singh from SUGAR, Peyush Bansal from Lenskart, and Amit Jain from CarDekho.

Shark Tank India sends legal notice to pitchers; Here's why

IndianStartupNews

IndianStartupNews · 1y ago

Shark Tank India sends legal notice to pitchers; Here's why

In a recent post on LinkedIn, Dorje Teas co-founder Sparsh Agarwal said that they had received a legal notice from Shark Tank India for using clips from their own pitch. Agarwal also claimed that they were not the only ones who received such notices. "They've cracked down on each and every startup that appeared on Shark Tank," he asserted.

Shark Tank India Season 1 logs only 41% deal close rate; Namita Thapar fulfilled maximum investment commitments, Anupam Mittal lowest

Economic Times

Economic Times · 1y ago

Shark Tank India Season 1 logs only 41% deal close rate; Namita Thapar fulfilled maximum investment commitments, Anupam Mittal lowest

Over a year after Shark Tank India Season 1 aired on television, seven of the so-called sharks (investors) completed only 27 of the 65 soft commitments that they had agreed to deploy in startups that participated in the show, according to an analysis by PrivateCircle Research.

Shark Tank India S3 pitcher sues Sony over social media suspension

Inshorts · 1y ago

Shark Tank India S3 pitcher sues Sony over social media suspension

FMCG startup Fit & Flex, founded by Parthik Patel, sent a legal notice to Sony over suspension of their social media account. Sony accused them of trademark violations, blocking ads and social media posts featuring Shark Tank India clips. This action caused Fit & Flex's business to drop 10-12 times instead of growing. Over 70 other brands face similar issues.

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