A reality show called Shark Tank was created to make it easy to invest in any type of business, big or small. It is a reality television show that helps budding entrepreneurs showcase their business models to some of the most successful business people across the country.
Shark Tank America first premiered on ABC on August 9, 2009, but the show is actually an international franchise of Dragons’ Den that debuted in Japan in 2001. The panel of investors, or judges, are actually the sharks, who decide whether to invest in theirs after being pitched by contestants.
This globally renowned show has made its good debut on Indian television. Shark Tank India is produced by Studio NEXT and is broadcast on the Sony Entertainment Television channel.
The show has well-known names from the Indian industry as judges such as Ashneer Grover ( ex- MD and Co-founder of BharatPe), Vineeta Singh ( CEO and Co-founder of SUGAR Cosmetics ), Peyush Bansal (founder & CEO of Lenskart ), Namita Thapar ( Executive Director of Emcure Pharmaceuticals ), Anupam Mittal (Founder and CEO of Shaadi.com – People Group), Ghazal Alagh –(Co-founder, Mamaearth) and Aman Gupta ( Co-Founder and Chief Marketing Officer at boAt).
Agritech startups of India who appeared as contestants in Shark Tank India –
Carragreen
Indore-based Caragreen is an eco-friendly packaging and stationery company founded by Saas-Bahu duo Chetna Shah and Surbhi Shah.
The founders of the company appeared in the Indian television reality show Shark Tank India. They had demanded Rs 50 lakh from the sharks in exchange for 20% equity at the company’s 5 crore valuation.
In this deal, sharks Anupam Mittal and Piyush Bansal showed interest in a counter-offer by offering him ₹50 lakh for 20% equity, and the founders of Carragreen agreed to the deal.
Cocofit
The Hyderabad-based startup was founded by software engineers Shashikant Visinigiri, Sunil Kumar Tentu, and Pavan Kumar Seepana.
Cocofit India’s first Coconut Based Franchise Model that features in Shark Tank India. The various meals the company serves to its customers include Coconut Coolers, Coconut Shakes, Coconut Smoothies, etc.
Pitchers asked for 5 Rs. For a 5% stake in the company at the valuation of Rs 100.
In this deal, Aman, Namita, and Anupam showed interest and made this deal for ₹ 5 Rupees for 5% Equity.
MEATYOUR
Pune based startup was founded in 2020by Saisharan Gandhi and Arnav Gandhi, Meatyour is an Eggs Farming Company.
This company is also known as Meatyour Triggers Your Taste and Shree Balaji Farms. The founders of the company appeared in the reality show Shark Tank India and pitched for his company. They asked ₹30 Lakhs for 5% Equity at a valuation of ₹6 crores.
Expressing interest in the deal, Anupam Mittal and Aman Gupta closed the deal for ₹30 lakh for 20% equity.
KG Agrotech
Kamlesh Nanasaheb Ghumare is the founder of KG Agrotech. KG Agrotech which manufactures agricultural products. Their product is a multifunctional bicycle that can be used for pesticide spraying, sowing, and carrying goods. This equipment saves a lot of time by allowing the farmer to complete half the work in half the time.
People know KamleshNanasahebGhoomre as JugaduKamlesh.Kamlesh used a persuasive anecdote to introduce his invention to sharks on Shark Tank India. He asked for 30 lakhs in return for a 10% stake at a valuation of Rs.3 crore in the company.
In exchange for 10% of his company’s shares, Piyush Bansal, the CEO of Lenskart, contributed Rs.10 lakhs to the company in exchange for 40 % equity and 20 Lakh as a loan without interest.
Tagz Foods
Bengaluru-based Tagz Foods was founded in 2019 by Anish Basu Roy, Tagz Foods is our country’s first ‘popped’ potato chips brand. The company claims that its chips have 50% less fat with no preservatives, palm oil, or artificial flavorings.
Founder Anish Basu Roy appeared on Shark Tank India along with Sagar Bhalotia, the company’s cofounder.
They asked for ₹70 lakhs in return for a 1% stake in the business. In the end, Ashneer Grover made a counter-offer to the deal and closed the deal for ₹70 lakh at 2.75% at a valuation of around ₹25 crores.
Brainwired
Kerala based Brainwired is an agritech startup, founded by Romeo P Jerard and Shreeshankar S Nair. Brainwired has developed a livestock health monitoring and tracking system called WeStock.
The product ‘WeStock’ connects to the company’s mobile application to monitor the health of the live cow. After this, its results are shown in the application through which the health status of the cow is known.
The founder of this startup has asked for ₹50 lakh in return for 5% equity of his company. Sharks Ashneer, Peyush, Namita, and Aman Gupta showed interest in this deal and closed this deal for ₹ 60 Lakhs for 10% Equity.
