Shark Tank India Not Scripted (Picture Credits: @sharktankindia/Twitter)
Shark Tank India has a simple concept - budding entrepreneurs pitch their businessideas to 'sharks' (who all are already India's leading entrepreneurs) to gain investment.
In just a month, Shark Tank India has become everyone’s favourite. The show’s judges – Ashneer Grover, Namita Thapar, Aman Gupta, Anupam Mittal, Vineeta Singh and Peyush Bansal have gained immense popularity. The show has a simple concept – budding entrepreneurs pitch their business ideas to ‘sharks’ (who all are already India’s leading entrepreneurs) to gain investment. While the show is currently in its finale week, several people have repeatedly questioned if Sony Entertainment Television’s show is scripted.
However, a recent pitcher on the show has now cleared the air and has revealed that nothing on the show is scripted. Angad, who appeared on the show with his wife Kanika, has revealed the behind-the-camera details during a Reddit Ask Me Anything session.
“Ittu sa bhi nahi (Not even a bit). Once you enter the tank, it’s all real, no retakes, no direction nothing. Ranvijay wali clippings mein (During a shoot with Ranvijay) they might ask you to say again or stand like this etc. but that’s outside the tank. Everything once those doors open and until you step out is 100% real,” Angad mentioned.
Apart from this, the pitcher was also asked if the cheques handed out on the show are real or not. To this, he said, “Those cheques are dummies. Next comes Due Diligence, term sheets and then we get the funds!” Angad also revealed that the actual pitch goes on for at least an hour. However, on television, it is cut down to 5-10 minutes.
For the unversed, Angad and his wife, Kanika are the founders of CosIQ Skincare and appeared on the show in the 4th episode. They managed to secure ₹50 lakh for a 25% stake from Vineeta Singh and Anupam Mittal.
Meanwhile, during its last week (which is currently underway) all seven sharks will be joining the show. Talking about her experience on the show, Namita Thapar, a shark and Executive Director of Emcure Pharmaceuticals said, “It’s been a phenomenal experience because we believed in the cause and I am truly happy that it has become a dinner table conversation. It has cut across gender, classes, barriers. So, what we set out to accomplish has been accomplished and that is a matter of great joy. I personally was very happy that 48% of the ventures that got funded are women! That is a brilliant statistic and that’s something I am very happy about.”
Alright, let me dive into this. Shark Tank India is no stranger to controversy, especially when it comes to the authenticity of the show. The recent Reddit AMA session by Angad, a participant on the show, sheds light on some behind-the-scenes details that might put the skeptics to rest.
Firstly, Angad emphasized that once you step into the tank, it's as real as it gets. No retakes, no scripted dialogues—everything unfolds organically. This insight into the unscripted nature of the show aligns with the essence of reality television. The authenticity of the entrepreneurs' pitches and the reactions of the sharks is a cornerstone of the show's appeal.
Moreover, the question of whether those hefty investment cheques are real or not has been addressed. According to Angad, those cheques handed out on the show are, in fact, dummies. The real deal comes in the form of due diligence, term sheets, and the subsequent funds. This revelation adds a layer of intrigue to the financial dynamics involved in sealing the deals showcased on the show.
It's also interesting to note that the actual pitch session, which takes place behind the scenes, is a more elaborate affair than what viewers witness on television. Angad mentioned that the pitch goes on for at least an hour, but due to time constraints, it's condensed to a mere 5-10 minutes for the audience. This editing process is a common practice in reality TV, but it's crucial for viewers to understand the show's selective portrayal of the pitch sessions.
As for the entrepreneurs in focus, Angad and his wife Kanika, founders of CosIQ Skincare, managed to secure ₹50 lakh for a 25% stake from Vineeta Singh and Anupam Mittal. Their success story adds a touch of reality to the show's narrative, emphasizing that the deals made inside the tank translate into real-world opportunities for the entrepreneurs involved.
Lastly, the upcoming finale week promises an interesting twist as all seven sharks will be joining the show. This move adds a new layer of excitement and anticipation, keeping the viewers hooked.
In conclusion, Shark Tank India seems to uphold its reputation for delivering unscripted entrepreneurial drama, providing a platform for real businesses to make impactful connections and secure funding from some of India's leading entrepreneurs. The show's popularity is further fueled by the genuine experiences shared by participants like Angad, who dispel doubts and affirm the authenticity of the Shark Tank India experience.
Shark Tank India features real business pitches but fake cheques— at least the ones given immediately after a deal has been made. Amit Jain has revealed interesting behind the scenes of how the popular TV show is mounted.
While everyone praised Peyush for his kind gesture, the pitcher has now made some shocking allegations. She was speaking to TOI recently when she claimed that Peyush was the “worst” shark on the show. She alleged that Bansal used her image to build his own PR and argued that it was a very “smart” move on his end.
Shark Tank might be a fun watch, but it doesn't always give an authentic look into the startup investment process. Beneath the shiny surface, Shark Tank harbors several issues that make it an unrealistic representation of startup investments.
Shark Tank India is a reality TV show, not a scripted show. The show features entrepreneurs pitching their business ideas to a panel of investors, known as "sharks," in hopes of securing funding and mentorship. The show is based on the format of the American show Shark Tank, but with Indian entrepreneurs and investors.
Anupam Mittal, an Indian entrepreneur is estimated to have a net worth of Rs. 185 Crores as in 2024. The Shark Tank India fame's overall wealth accumulation stems from prosperous business endeavours, shrewd investments, appearances on television and more.
After the first season, 27 startups secured funding from external investors. 16 of them had deals on Shark Tank, showing the show's significant impact. These external deals usually happen within 1.5 years and are often worth more than six times the original Shark Tank deal.
Ring. One of the most notorious (and successful) Shark Tank rejects started as a video doorbell name Doorbot. After a famously tepid reaction from the sharks, Amazon later bought the company for a deal worth nearly $1 billion. By early 2018, the company introduced a smart home doorbell dubbed Ring.
What are the most successful 'Shark Tank' products?
Bombas. Bombas, a sock company that now also makes bras and t-shirts, came to the minds of co-founders David Heath and Randy Goldberg when they learned that the number-one most-requested clothing item in homeless shelters was socks. ...
The only part of Shark Tank that's scripted or pre-planned is that first pitch you see as soon as the entrepreneur walks into the tank. You hit your mark, you wait for a minute while the cameras move around you, then you have your 90-second pitch. And that's it. All of the rest of it is totally unscripted.
While all of this certainly makes for riveting television, with the show going strong since 2009, how much of it is real, and how much is scripted? According to Dave Vasen, who pitched his preschool/childcare software system Brightwheel on Season 7, Episode 26, everything seen on "Shark Tank" is 100 percent real.
The Sharks, or investors, are compensated for their time on the show, but the money they invest in businesses is their own. If none of the Sharks choose to invest in an entrepreneur's business, the entrepreneur leaves the show empty-handed.
Shark Tank India has become a big hit on Indian TV, and it's changing how people think about investing. Usually, if you ask a middle-class family in India where they like to invest their money, they'd talk about fixed deposits or mutual funds. But now, thanks to one TV show, things have taken a turn.
Businesses that had participated in Shark Tank India's first two seasons had reportedly secured investments totaling to more than Rs 120 crore. As far as Shark Tank India Season 1 is concerned, the sharks had committed to investing a total of Rs 40 crore in 65 companies.
PokerBaazi, has joined as the co-presenting sponsor, and with the support by upGrad, the show strategically broadens its reach and influence. IDFC First Bank has come onboard as the banking partner, and ICICI Direct along with Unicharm's Sofy Feminine Care brand have joined as partner sponsors.
Introduction: My name is Clemencia Bogisich Ret, I am a super, outstanding, graceful, friendly, vast, comfortable, agreeable person who loves writing and wants to share my knowledge and understanding with you.
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