Shark Tank India Season 2: If you thought all Shark Tank India judges, including Vineeta Singh, Ghazal Alagh, Anupam Mittal, Namita Thapar, Ashneer Grover, Peyush Bansal, and Amit Jain, were making millions of dollars, one Linkedin user has debunked that myth. This popular social media post says that, other from BoAt co-founder Aman Gupta, all of the investors on the show have suffered massive losses.
Shark Tank India Season 2: Man posts business reports of Sharks on LinkedIn
He wrote in his LinkedIn post, “Shark Tank India has never worked for me as a show from its first season, unlike its US counterpart. In the US version of the show, every judge (Barbara Corcoran, Mark Cuban, Lori Greiner, Robert Herjavec, Daymond John, and Kevin O’Leary) is running businesses that actually turn a profit instead of riding on VC money or drowning in huge losses. So I decided to delve deeper into the businesses of each shark starting from Season 1.
Vineeta Singh’s SUGAR Cosmetics reported a loss of INR 75 Cr in FY22 up from INR 21.1 Cr in the fiscal year FY21.
Ghazal Alagh’s Mamaearth for the first time since inception had posted a profit for FY22 at INR 14.44 Cr after suffering losses of Rs. 1,332 crore in FY21 and ₹428 crore in FY20. Also the company has reported a 4 crore net profit for the first half of FY23. So the company has just lately begun turning profitable. Also a recent Mint news report states that they are going for an IPO at a valuation figure of INR 24000 Cr. 24000 Crore when the profits are just 14 crore !!!!!!
BharatPe’s total loss stood at Rs 5,594 crores in FY 2022. In FY 2021, the company had recorded a total loss of Rs 2,961 crore. Ashneer Grover was recently removed from the company so these losses will be also under his leadership since he was the CEO for the major part of the FY22.
Anupam Mittal is the owner of brands like Shaadi.com, Makaan .com, Mauj Mobile. Except Shaadi other brands are either dead or not making enough money. Even Shaadi’s financials are NOT known in public except one recent report about its future IPO that may or maynot arrive since one such attempt was also made in 2009.
Peyush Bansal’s Lenskart posted a consolidated loss of INR 102.3 Cr in FY22. Enough said!
Namita Thapar is NOT the founder of her company Emcure Pharma. It’s her father who started it and still is its CEO. So her credentials seem similar to that of Ananya Pandey in Bollywood. (Did somebody hear nepotism)
Amit Jain’s CarDekho posted losses of ₹246.5 crore in the financial year 2021-22.
Aman Gupta’s Boat is the only company that has been profitable since its inception. To me, the Shark Tank India version seems like Ekta Kapoor’s rendition of the more interesting US version of the show.”
However, many people supported him on social media but most of the people said that he is spreading hate towards the Sharks. Netizens commented that Shark Tank India is inspiring the young entrepreneurs to start their own business.
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