Shark Tank India’s Judges Not Fit For The Show As Their Company Are Posing Huge Losses? A Viral LinkedIn Post Decodes!

Shark Tank India Season 2 which started a number of days in the past has taken the Indian TV business by storm. Much like the primary season of the present, the second season has turn out to be a significant hit with the viewers because the ultra-wealthy judges of the present are entrepreneurs themselves.

The ‘sharks’ on the present make investments and ideate in new and fascinating younger companies, serving to entrepreneurs in India develop their ventures. Nonetheless, a LinkedIn consumer claimed that how the present has by no means labored for him. He identified that the businesses run by the judges on the present are literally working into losses.

A LinkedIn consumer named Ankit Uttam wrote a protracted submit on the platform final week and it has gone viral now. In his weblog submit, he in contrast the Indian model to its US counterpart. Not simply that he claimed that the ‘Sharks’ of Shark Tank India season 2 should not credible sufficient to provide enterprise recommendation to the contestants who come on the present.

The Linkedin consumer defined why he determined to look into the monetary statuses of the Indian sharks, “Shark Tank India has by no means labored for me as a present from its first season, in contrast to its US counterpart. Within the US model of the present, each choose (Barbara Corcoran, Mark Cuban, Lori Greiner, Robert Herjavec, Daymond John, and Kevin O’Leary) is working companies that really flip a revenue as a substitute of using on VC cash or drowning in enormous losses.”

The consumer acknowledged, “Vineeta Singh’s SUGAR Cosmetics reported a lack of INR 75 Cr in FY22 up from INR 21.1 Cr within the fiscal 12 months FY21. Ghazal Alagh’s Mamaearth for the primary time since inception posted a revenue for FY22 at INR 14.44 Cr after struggling losses of Rs.1,332 crore in FY21 and ₹428 crore in FY20. Additionally, the corporate has reported a 4 crore internet revenue approx. for the primary half of FY23. So the corporate has simply these days begun turning worthwhile. Additionally, a current Mint information report states that they’re going for an IPO at a valuation determine of INR 24000 Cr. 24000 Crore when the income are simply 14 crores!!!!!! (shocked face emoji).”

As for Ashneer Grover, who was seen in Shark Tank India season 1, LinkedIn consumer Ankit Uttam acknowledged, “BharatPe’s complete loss stood at ₹5,594 crores in FY 2022. In FY 2021, the corporate recorded a complete lack of ₹2,961 crore. Ashneer Grover was eliminated in 2022 from the corporate so these losses might be additionally beneath his management since he was additionally on the helm in FY22. Anupam Mittal is the proprietor of manufacturers like Shaadi. com, Makaan .com, Mauj Cell. Apart from Shaadi, it appears his different manufacturers are both lifeless or not making sufficient cash, as there’s minimal or no information about these within the media. Even Shaadi’s financials are NOT identified in public apart from one current report about its future IPO that will or could not arrive since one such try was additionally made in 2009.”

He added that Namita Thapar was a part of her firm solely attributable to her father who was the CEO. He mentioned, “Peyush Bansal’s Lenskart posted a consolidated lack of INR 102.3 Cr in FY22. Sufficient mentioned! Namita Thapar is NOT the founding father of her firm Emcure Pharma. It’s her father who began it and nonetheless is its CEO. So, to some, her credentials could appear much like that of Ananya Pandey in Bollywood?? (Did someone hear nepotism!! rolling eyes emoji). Amit Jain’s CarDekho posted losses of ₹246.5 crores within the monetary 12 months 2021-22.”

The writer concluded that solely Aman Gupta’s BoAt was the only worthwhile firm. He shared, “To me, the Shark Tank India model looks like Ekta Kapoor’s rendition of the extra fascinating US model of the present.”

View the submit right here.

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