Shark Tank India online television show with an excellent opportunity for small businesses and startups. The All Shark Tank India Judges huge losses.Any startup or new business can compete to get investment from the Sharks.
Shark tank India is the name of the latest reality show on Sony TV. This show has gained a lot of popularity among people when we see some very talented entrepreneurs offering their business ideas and products in front of famous personalities.
The show has inspired many entrepreneurs to start their businesses. Shark Tank India shows are aired around the world.
Since the launch of Shark Tank India Judges huge losses, the Indian audience has been talking about the innovative products and services displayed by entrepreneurs. The platform has made it possible for small business owners in India to get exposure and also receive big-time business deals.
If you thought that All Shark Tank India Judges huge losses are in huge too much losses, including Vineeta Singh, Ghazal Alagh, Anupam Mittal, Namita Thapar, Ashneer Grover, Peyush Bansal, and Amit Jain are making crores of money, this Linkedin user has burst the dream for many of us.
This post going viral on social media claims that apart from BoAt co-founder Aman Guta, all of the investors on the show are suffering huge losses all shark tank india judges.
Now Shark Tank India Judges are in huge losses is back with its second season. This time it’s not just the show that is being followed closely by the viewers but also the business ventures of the sharks, also known as judges.
Why All Shark Tank India Judges huge losses
Sharks are known for their ruthless business tactics, which has been proven to be the case with the show “Shark Tank India” as well. The show has made many of its participants rich and famous. However, it is worth noting that massive losses have hit several judges from the front.
Shark Tank has been the most-watched show in India. The success of this reality show caused many people to try their hands at selling their products on reality shows.
The popular TV reality shows Shark Tank India has received much attention since its introduction.
In a recent post on Linkedin, author Ankit Uttam details how the companies run by these sharks are drowning in losses. As a result, they are not qualified enough to give proper advice to new entrepreneurs.
Ankit began by stating that he has never been a fan of Shark Tank India, unlike the US version. He wrote, “In the US version of the show, all the judges (Barbara Corcoran, Mark Cuban, Lori Greiner, Robert Herjavec, Daymond John, and Kevin O’Leary) are running profitable businesses.”
After investing money into such ventures, several possibilities could result in enormous Shark Tank Judges are in huge losses for those entrepreneurs.
We all know that investors always lose money while investing in the show. However, this is only the case with some of them, and there have been several other instances when they ended up making profits from the show.
BharatPe
“BharatPe’s total loss stood at Rs 5,594 crores in FY 2022. In FY 2021, the company recorded a total loss of Rs 2,961 crore. Ashneer Grover was removed in 2022 from the company, so these losses will also be under his leadership since he was also at the helm in FY22,” the author claimed.
Lenskart
According to Ankit, Peyush Bansal’s Lenskart reported a loss of Rs 102.3 crore in 2022.
Emcure Pharmaceuticals
Ankit went on to say that the only reason Namita Thapar worked for her company was that her father was the CEO. Namita Thapar is the founder of her company Emcure Pharma, but her father helped her get started and is still the CEO.
Sugar Cosmetics
SUGAR Cosmetics, a company owned by Vineeta Singh, reported a net loss of INR 75 crore in the fiscal year 2022–an increase from the net loss of INR 21.1 crore in the fiscal year 2021.
Mamaearth
After suffering losses of ₹1,332 crores in FY21 and ₹428 crores in FY20, Ghazal Alagh’s Mamaearth has posted a profit of INR 14.44 crore for FY22. In the first half of FY23, it also reported a net profit of 4 crores. So the company has just lately begun turning profitable.
Shaadi.com
Anupam Mittal – the owner of brands like Shaadi. com, Makaan .com, Mauj Mobile. Except for Shaadi, other brands are either dead or need to make more money. Even Shaadi’s financial status is not publicly known, except for one recent report about its possible initial public offering that may or may not take place since one such attempt was made in 2009.
BoAt
Aman Gupta’s Boat is the only company that has been profitable since it launched.
CarDekho
Amit Jain’s CarDekho posted losses of ₹246.5 crores in the financial year 2021-22.
Conclusion
A data analysis platform Tracxn shared that of the 65 startups that were funded at the show “sharks” and judges backed, 23 have raised money from other investors as well. And of the 23 companies, eight have raised funds after Shark Tank India.
Have you ever wondered why the judges on Shark Tank are so rich? Well, it’s not a myth that they are in vast amounts of riches after appearing on the show. But there is one thing you need to know, their net worth is not even 1% of what they invest in a single episode.