Shark Tank India judges are running into losses, suggests a viral Linkedin post

Shark Tank India is again with its second season. This time it isn’t simply the present that’s being adopted intently by the viewers but in addition enterprise ventures of the sharks, who are often known as judges. A latest Linkedin post by writer Ankit Uttam particulars how the businesses run by these sharks are drowning in losses and therefore, they are not certified sufficient to provide cheap recommendation to new entrepreneurs.
Ankit started by stating that he has by no means been a fan of Shark Tank India not like the US model. He wrote, ” 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.”

This made him take a look at the companies of every shark. “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 approx. for the first half of FY23. So the company has just lately begun turning profitable.”
His post went on to speak about Ashneer Grover and the losses the corporate incurred earlier than he was eliminated in 2022. The post additional elaborated how Anupam Mittal, who’s the proprietor of a number of web portals, has just one matchmaking portal that is worthwhile.

“Anupam Mittal is the owner of brands like Shaadi. com, Makaan .com, Mauj Mobile. Except for Shaadi, it seems his other brands are either dead or not making enough money, as there is minimal or no news about those in the media. Even Shaadi’s financials are NOT known in public except for one recent report about its future IPO that may or may not arrive since one such attempt was also made in 2009.”

Peyush Bansal’s firm additionally reported losses and so did Amit Jain’s. It was solely Aman Gupta’s firm that has been worthwhile because the starting, the post talked about. It additional learn, “Namita Thapar is NOT the founder of her company Emcure Pharma. It’s her father who started it and still is its CEO. So, to some, her credentials may seem similar to that of Ananya Pandey in Bollywood (Did somebody hear nepotism!! 🙄)?”

Leave a Comment