Shark Tank India S1 logs 41% deal close rate; Rs 17 crore deployed
Shark Tank India Season 1 aired on television, seven of the so-called sharks (investors) completed only 27 of the 65 soft commitments that they had agreed to deploy in startups that participated in the show, according to an analysis by PrivateCircle Research. And, in value terms, of the Rs 40 crore that these sharks had committed to invest, only 17 crore was invested till July 12, 2023, the analysis revealed. Shark Tank is a reality television show where entrepreneurs pitch their business models to a panel of investors.
It was first conceived and aired in the US. PrivateCircle Research, a private market intelligence firm analysed filings at the Ministry of Corporate Affairs, updated till July 12, made by the Shark Tank companies to arrive at these findings. The analysis does not include debt.
Season 1 investors included BharatPe founder Ashneer Grover, Lenskart founder Peyush Bansal, Shaadi.com founder Anupam Mittal, boAt founder Aman Gupta, Mamaearth founder Ghazal Alagh, Sugar Cosmetics founder Vineeta Singh and Emcure Pharmaceuticals chief executive Namita Thapar. Among the seven, Thapar fulfilled the maximum percentage – 59 — of investment commitments. She has committed to invest in 22 companies, out of which 13 companies have made investment filings.
On the other hand, Mittal had the lowest investment percentage at 29. He invested in 7 out of 24 committed deals. Notably, six startups from the first season have passed on the Shark Tank deals offered to raise funding at higher valuations from other investors, PrivateCircle Research added in its report.The fineprint Individually, Thapar had invested the highest amount of Rs 7 crore whereas Alagh made the lowest investment of Rs 40 lakh.
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