During Season 1, Sharks agreed to invest a total of 40 crore in 65 businesses.
Research by PrivateCircle Research shows that more than a year after Shark Tank India Season 1, seven sharks invested in 27 of 65 committed agreements.
Ashneer Grover, Peyush Bansal, Anupam Mittal, Aman Gupta, Ghazal Alagh, Vineeta Singh, and Namita Thapar were among the season one sharks. During the Season 1 television broadcast, sharks agreed to invest a total of 40 crore in 65 businesses. To date (July 12), 27 start-ups have received investments totalling 17 crores from this source.
Thapar met the highest percentage (59%) of investment promises out of the seven sharks. She pledged to invest in 22 companies in Season 1, of which 13 had filed investment paperwork by July 12, 2023. Mittal, on the other hand, had the lowest investment rate at 29%. He invested in 7 of the 24 deals that were committed.
Our research indicates that certain agreements that were committed on the programme may have failed due to issues with business due diligence. In addition, several startups appear to have declined the Shark Tank deal in favour of securing investment from other investors at greater values, according to Sumanjan Kumar, lead financial analyst at PrivateCircle.
In total, 117 start-ups took part in Shark Tank Season 1, of which 65 received deal commitments on air. Additionally, two rejected businesses (Agri Tourism and Jhaji Achaar) received financing from Sharks after the event. Namita invested 5 lacks in Agri Tourism in April 2022, while Namita and Vineeta invested 30 lacks in Jhaji Achaar together in September 2022.
Shark Tank India Season 2 concluded in March 2023. A total of 166 firms made presentations, and 115 received deal commitments. However, just one of these companies has filed for funding as of this writing.
Startup values increase following Shark Tank
Due to India’s flourishing start-up environment, there has been an increase in fundraising opportunities in the nation, including programmes like Shark Tank, where just being invited to participate appears to increase the value of participating in start-ups.
According to the market intelligence portal, six startups—including Grow Fitter, Insurance Samadhan, Raising Superstars, Get a Whey, Tweek Labs, and Joules Health—seemingly passed on the show deal in order to secure investment at a greater valuation from other investors.
Raising Superstars was valued at 25 crores in the show contract, but in less than six months following the event, other investors increased their worth by two times.
Similar to this, 10 businesses that did not receive a deal from the Sharks during Season 1 were also successful in securing new capital at higher valuations than what they had requested on the show. SweeDesi, KetoIndia, Experiential Etc, On2Cook, Woloo, Theka Coffee, Aliste Technologies, Good Good Piggy Bank, Anthyesti, and Mommy’s Kitchen are a few of these businesses.
After making an appearance on Shark Tank, On2Cook was able to raise $17 crore at a valuation of $100 crore in less than a year. They requested an investment of 1 crore at a valuation of 33 crore on the show.
These conclusions were reached after analysis of the Ministry of Corporate Affairs files filed by the Shark Tank businesses. The information is current as of July 12.
