MUMBAI: Sony Entertainment Television launched Shark Tank India. According to Sony TV, the program received 62,000 applicants from India, out of which 198 companies were selected to present their ideas to the sharks. The sharks are Ashneer Grover, Anupam Mittal, Aman Gupta, Vineeta Singh, Namita Thapar, Ghazal Alagh, and Peyush Bansal.

Since Shark Tank India premiered on Sony Live, it has received huge applause from audiences and startups. The audience is impressed with the way the sharks make decisions.

Sairaj Gaurish Dhond, founder and CEO of Wakao Foods, reminded Namita Thapar of Rohit Shetty. His features reminded the Shark of the Simmba filmmaker. He came up with an interesting sales pitch of food created by jackfruit. He was a lawyer by profession and he got bored of it and decided to venture into creating a food brand specialisied in jackfruit products. At the end of the pitch, he did manage to impress the Sharks and get a deal for himself.

Here is a picture of the look a like.

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MamaEarth’s Chief Mama Ghazal Alagh, SUGAR Cosmetics CEO Vineeta Singh, and Namita Thapar Executive Director of Emcure Pharmaceuticals offered him Rs 75 lakhs for 30% Equity. On the other hand, CEO of Lenskart Peyush Bansal was willing to invest Rs 15 lakhs for 5% Equity along with Rs 60 lakhs debt at 12% interest. In the end, he got the deal of three ladies with Rs 75 lakhs for 21% Equity. 

Shark Tank India is inspired by the American business show Shark Tank which has currently inspired millions of young entrepreneurs across the country and proven its huge popularity among the viewers. The show helps start-ups by delivering business presentations to a group of seven sharks or investors who decide whether the company is worth investing in or not.

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Credits: Bollywood Life