All about Entering in Shark Tank India

What This Show Really Is?

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.

Does It Require Any Fee?

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.

Now, Are You Eligible?

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:

• Anyone with a startup idea in India can apply for Shark Tank.
• The pitcher must be an Indian citizen, 18 or older, by June 18, 2021.
• The pitcher needs to be mentally and physically healthy.
• Only the applicant can attend; no substitutes, not even family, are allowed.

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.

A Brief Guide On How To Enter 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.

1. Website: You can directly submit the Shark Tank India registration form to the original Shark Tank website.
2. App: First, download and install the SonyLIV app from Google Play or Apple App Store. After installation, the homepage will display a graphic of Shark Tank India Season 3 (or for the upcoming season) with the message "Register Now" and then click on it. The click will direct you to the registration page, where you must input your phone number for the following verification round.

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.

A Few Tips Especially For You!

The following advice will help you make a killer Shark Tank pitch:

• Learn about the sharks and what kinds of businesses they like to invest in, and tailor your pitch accordingly.
• Keep the pitch short and highlight what makes your business unique.
• Prepare to answer complex questions and address any concerns the sharks may have.
• Watch old Shark Tank episodes to understand how the show works.
• Show that you know your industry and market well.
• Present solid financial projections and a growth plan.
• Be open to feedback and willing to learn.
• Share personal stories to make a connection with the sharks.

Conclusion

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!