Reality TV shows make us realize that they only have drama as real as Botox and authenticity as literal as 3rd copy shoes, right? But there is one reality TV show that has always been true to its drama but has made the lives of many business owners successful! We're talking about none other than Shark Tank. An American reality TV program in which business owners present their concepts to a group of potential investors known as "sharks." In this article, we will talk about the Indian version of this show, Shark Tank India. Running with the 3rd season in 2024, Shark Tank India aired in 2021 on Sony Entertainment Television and SonyLiv.
Let's discuss the people who play the most crucial role in the show: The Sharks or the Shark Tank India Judges. Their task is to evaluate the business ideas several small and large business owners pitch. The sharks not only choose the business they want to invest in but also help the entrepreneurs by guiding them to build a successful business.
Moreover, if we simplify the whole concept of Shark Tank, it is a platform where pitchers have 2-3 minutes to share their ideas. If the shark likes the idea, they'll negotiate the deal, like how much money for the equity or what role they'll have. Once the handshake deal is completed, there's paperwork to make it official. It's just an excellent program for a business to grow.
Good news!! There is absolutely no direct registration fee for Shark Tank India. But to be clear, the pitcher has to bear a few expenses, such as travelling to the filming location, legal fees, and product development costs. After the filming, you must also secure a deal with any shark to fund your business.
Shark Tank does have eligibility criteria that every pitcher should read. It's not very unusual, but the pitcher should avoid it.
Here are the criteria:
Regarding the business criteria, Shark Tank India is open to all business ventures, including traditional stores and tech startups. However, for your pitch to be successful, it must be distinct, inventive, and unambiguous. Ideas that tackle significant issues investigate uncharted territory or present something novel are attractive even to the new shark in Shark Tank India.
We're breaking down the application process into four parts to avoid confusion! Let's dive into it!
Part 1: Registration
To register in Shark Tank India (round 1), applicants must fill out a form requiring basic details about their company/business and themselves. Two straightforward ways to register are through the website and the app.
Part 2: Filling Out The Details
Select your preferred language, read and accept the terms and conditions, and hit send. Input your details, such as address, occupation, and educational background. Afterwards, add your company details, such as company name, industry, nature of operations, a brief description of your product/ service, and a picture of your product.
Proceeding with crucial information, you must enter the amount you are willing to raise and the amount of equity you are ready to provide for ROI.
Furthermore, mention if your company has ever filed for bankruptcy, experienced legal charges, or discussed your business on another TV program.
Lastly, compose a 250-word self-description bio and make sure to be clear and factual. With that, ensure that there are no concerns regarding confidentiality and hit submit.
Part 3: Audition
First, they will see if your business idea is strong enough to advance. Then there's an audition where you must submit a 3-minute video pitch describing your business directly to the producers (ensure you are prepared with proper statistics). If selected, you'll be required to have a face-to-face audition with the Shark Tank team, where you have to showcase your business products and submit proof of your finances.
Part 4: Meeting With The Producer
If you are selected for Shark Tank, a producer will contact you to help you with the next steps. They are knowledgeable about the show and there to support you, so pay attention to their counsel and accept constructive criticism gracefully. You'll receive a list of potential questions from the producer, so tailor your responses to sound natural. Ask the producer if you want to know anything about Shark Tank, and feel free to call them for assistance if you have any questions. After passing the face-to-face, you'll pitch the idea to the sharks in Mumbai at the final level.
The following advice will help you make a killer Shark Tank pitch:
The show is about negotiating deals. Sharks want as much of the business as possible, while pitchers wish to make a significant investment without giving up too much control. It teaches us about the power of negotiation. So remember, Shark Tank India is a great chance to showcase your business and get investment, so it is essential to understand the show, the sharks, and how to apply.
Therefore, with good preparation and a strong pitch, you can make a significant impact, get a deal to grow your business, and be part of the reality TV show.
But Wait!!! If you have read this article, you are a business enthusiast and a Shark Tank fan, so why not take this information to the next level? Stay tuned because every single detail of this show will be updated for you only on our website, Sharktankseason.com. And Good Luck!
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A sustainable fabrics manufacturer in India uses agricultural waste to create high-quality, eco-friendly fibres for fashion, apparel, and home textiles.
Raised: ₹ 2 Crores for 4% Equity
Combat climate change with Cool The Globe. Empowering & Uniting Changemakers Globally For Climate Action
Raised: ₹ 25 Lakhs for 8% Equity
Combat climate change with Cool The Globe. Empowering & Uniting Changemakers Globally For Climate Action
Raised: ₹ 1 Crore for 4% Equity + 2% royalty until ₹ 1.5 Crores are recouped
Discover the world’s first eco-friendly, super-healthy electric flosser that makes flossing as quick and easy as brushing your teeth - and that's the real tooth!
Raised: $250,000 for 8% Equity
Biological Plant Wellness Products to nourish green spaces and empower home gardeners
Raised: No Deal
Meet Sip: the herbal coffee alternative of 100% chicory root, carob, and dandelion root to keep the coffee feels, without the flaws. No Caffiene. No Gluten.
Raised: No Deal