Shark Tank India, the Indian version of the popular US reality TV program, provides a platform for entrepreneurs to present their innovative business ideas to a panel of investors, known as the "sharks." The show has gained widespread popularity in India, with the premiere of its first season on Sony LIV and Sony TV on December 20, 2021, followed by shark tank season 2 on January 2, 2023.
In shark tank season 2, which was equally impressive as the first, a diverse range of promising startups and entrepreneurs pitched their ideas to the sharks, hoping to secure funding. With the sharks investing their money in multiple interesting businesses, Shark Tank India has become the go-to show for Indian entrepreneurs looking to take their startups to the next level. Its growing success is a testament to the creativity and innovation of India's entrepreneurial spirit, and the impact the show has had on the startup ecosystem in the country is truly remarkable.
Here are the top 10 investments from Shark Tank Season 2:
1. Padcare Lab - founded by Ajinkya Dhariya
The company has developed innovative technology to address the critical issue of sanitary waste management. The company's mission is to provide a green solution that uses UV light to sanitize and disinfect used sanitary napkins and pads. Peyush Bansal, Veenita Singh, Anupam Millat, and Namita Thapar invested Rs 1 crore for a 4 percent equity stake in the company.
2. Janitri - founded by Arun Agarwal
Janitri is a wearable and A.I-enabled device designed to monitor the health parameters of expectant mothers and their unborn babies. Janitri's primary objective is to minimize the number of maternal and neonatal deaths during and after childbirth. Namita Thapar offered Rs 1 crore in exchange for 2.5 percent equity, with a condition that if the company fails to reach Rs. 20 crore in revenue within a year, the sharks would receive an additional 2.5% equity.
3. Atypical Advantage - founded by Vineet Saraiwala
Atypical Advantage is India's first platform for people with disabilities. The platform provides a space where individuals from all over India can showcase their talents, find work, and purchase items such as commissioned artwork and paintings. Namitha Thapar and Aman Gupta invested Rs 30 lakhs for 3% equity in the company.
4. FastBeetle - founded by Sheikh Samiullah
FastBeetle is a courier service platform that connects farmers directly with consumers, allowing them to sell fresh, locally sourced products. The Sharks invested Rs 90 lakhs in exchange for 7.5% equity in the company.
5. Portl - founded by Indraneel Gupta, Armaan Kandhar, and Vishal Chandapeta
The company combines the convenience of a home gym with the personalized attention of a personal trainer through the use of a "smart mirror," which offers highly customized workouts and wellness solutions. The sharks offered Rs 1.5 crore in exchange for 2.5% equity.
6. Unstop - founded by Ankit Aggarwal
Unstop is an early talent engagement and hiring platform that connects talented individuals from untapped corners of the country with the right employers. On the other hand, employers leverage Unstop to brand, source, engage, assess, and hire the right candidates. The startup has a community of 4.5 million students, freshers, and professionals with 0-5 years of experience. The company pitched on Shark Tank Season 2 and asked for Rs 1 crore in exchange for 1% equity, but the final investment was Rs 2 crore in exchange for 4% equity from sharks Aman Gupta, Namita Thapar, Amit Jain, and Anupam Mittal.
7. OLL (Online Live Learning) - Founded by Shreyaan Daga
OLL is a startup founded by Shreyaan Daga and Koshika Mahajan in April 2021, which was pitched on Shark Tank Season 2. It's a marketplace offering live courses for students and professionals to develop their skills, with the aim of making high-quality education more accessible and affordable for everyone. Initially, Shreyaan asked for Rs 30 lakhs in exchange for 2% equity, but after negotiation, he agreed to give up 5% equity for the same investment from Sharks Peyush Bansal and Vineeta Singh.
8. Broomees - Founded by Vaibhav Agrawal
Broomees is a platform founded by Vaibhav Agrawal, Niharika Jain, and Saurav Kumar, which was pitched on Shark Tank Season 2. It connects families with trusted and verified domestic help for services like house cleaning, babysitting, and cooking. The team, consisting of technology and business professionals, initially asked for Rs 80 lakhs in exchange for 2% equity, but the sharks negotiated and agreed to invest Rs 1 crore in exchange for 3% equity. The sharks who invested in Broomees are Namita Thapar, Aman Gupta, and Peyush Bansal.
9. Snitch - Founded by Siddharth R Dungarwal
Snitch is a fashionable clothing brand selling a variety of clothing items such as t-shirts, hoodies, jackets, and more. It has its own unique designs created by independent artists, and the quality of their products can be compared to any major brand on the market. Siddharth Dungarwal pitched the idea on Shark Tank and asked for Rs 1.5 crore rupees in exchange for 0.5% equity, but after negotiation, he received an investment of Rs 1.5 crore in exchange for 1.5% equity from all the Sharks, including Namita Thapar, Vineeta Singh, Aman Gupta, Anupam Millal, and Peyush Bansal.
10. Paradyes - Founded by Siddharth Raghuvanshi and Yushika Jolly
Paradyes is a startup that offers semi-permanent hair dye in 20 different colors, founded by Siddharth Raghuvanshi and Yushika Jolly. Their products are available on their website birdsofparadise.com and various online marketplaces such as Amazon, as well as in 35+ health stores across four Indian cities. The company has built an Instagram community with more than 80K followers, and their goal is to normalize hair coloring and make it as accessible as makeup. Initially asking for Rs 65 lakhs in exchange for 1% equity, they secured Rs 65 lakhs for 2% equity from Sharks Vineeta Singh and Aman Gupta during Shark Tank Season 2.
Shark Tank India has become the go-to show for Indian entrepreneurs looking to take their startups to the next level, and its growing success is a testament to the creativity and innovation of India's entrepreneurial spirit. The impact the show has had on the startup ecosystem in the country is truly remarkable. India hopes to see not just Shark Tank Season 2 but more such seasons in the coming future.
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