PremiumShark Tank India 2: Are the sharks’ companies really churning out profits or raking in losses? Read on
The path of business is always riddled with ups and downs, and some of the sharks’ businesses seem to be in the ‘down’ part at the moment.
Last Updated: 05.57 PM, Jan 16, 2023
Ever since Shark Tank India debuted its first season in 2021, the show has been lauded for changing the reality show scene in the country. The concept of a business reality show, rarely explored in Indian reality TV, certainly piqued the interest of many, and the show went on to become one of the most popular shows in the country. The judges of the show also seemed to have become celebrities overnight, winning audiences over with their smart business savvy. But it seems that not all of the sharks’ businesses are doing well, as pointed out by an author on LinkedIn recently.
Ankit Uttam took to LinkedIn to write a long post about how the businesses of the sharks on the show are faring. In the post, the author mentioned that he preferred the US version of the show, where the businesses run by the judges turn good profits.
The author then goes on to talk about how most of the companies run by the Shark Tank India judges are raking in losses. Among the companies that incurred losses or marginal profits include Vineeta Singh’s SUGAR Cosmetics, Peyush Bansal’s Lenskart, Ashneer Grover’s BharatPe (before his exit), and Amit Jain’s CarDekho Group.
He went on to state that Ghazal Alagh’s Mamaearth started to turn a profit only recently, and among Anupam Mittal’s companies such as Shaadi. com, Makaan .com, and Mauj Mobile, the former was the only one seemingly earning money. The author said that Aman Gupta’s boAt was the sole company which has been earning a profit since it began.
The author reserved the most brutal comments for Emcure Pharmaceuticals’ executive director Namita Thapar. After talking about how the firm was owned by Namita’s father, the author likened the businesswoman to Ananya Panday, stating “Her(Namita’s) credentials may seem similar to that of Ananya Pandey in Bollywood?? (Did somebody hear nepotism!!).
Check out the the author’s LinkedIn post below:
Shark Tank India is available for streaming on SonyLIV.