Since the first week of the new year, we noticed a buzz on our Twitter account. Curious, we checked it. And, what great news! Shark Tank India has aired on Indian television. But, we realized we were late. Hence, we decided to check it out.
If you are new to this show, then fret not. In today’s blog, we will cover in brief the series. To all young aspiring entrepreneurs reading our blogs, this is your chance and your time to SHINE. By the end of this blog, you will realize why this series is relevant to you and why you should give this series a fair chance. So, without wasting further time, let’s dive into the topic.
A Japanese reality show known as Money Tigers premiered in 2001. In the series, entrepreneurs pitch their ideas to a panel of venture capitalists to invest in their ideas. The series was well-received. There are various versions of the show produced across 30 countries. The show was also popularly known as Dragon’s Den, coined in the United Kingdom in 2005. Later the shown was known as Shark Tank.
Shark Tank is an American entrepreneurial reality show that premiered in 2009. This show is inspired by Dragon’s Den, a Japanese reality show. In this version of the show, the panel of investors called ‘sharks’ has the authority to invest in an idea of entrepreneurs. The sharks analyze the ideas, and find any flaws in strategy, business model, company. If the sharks like the idea, the handshake deal is made. But, if the panel opts out, the pitcher (entrepreneur) leaves empty-handed.
Here the sharks are paid as a cast members, and the amount invested in any project is their own. The show focuses on presenting the drama of pitch meetings and the interaction between the entrepreneurs and tycoons.
After an overwhelming response and winning four back-to-back Emmy awards. 2021, Sony Television bought telecast rights and announced the show coming to India.
The show host is Rannvijay Singha.
The panel of judges or sharks are:
Ashneer Grover: Managing Director and co-founder of BharatPe
Aman Gupta: Co-Founder Chief Marketing Officer of boAt
Ghazal Alagh: Co-founder and chief of MamaEarth
Namita Thapar: Executive Director of Emcure Pharmaceuticals
Peyush Bansal: Co-founder and CEO of Lenskart
Vineeta Singh: CEO and co-founder of SUGAR Cosmetics
Pitchers Vikas Kakwani, and Leena Kakwani started this project. This project focuses on bridging the gap in education with technology. The project has the goal of anytime, anywhere school. And, the main focus is to reach each student in every corner of the country. AAS Vidyala curriculum is like a school where students can take tests, report cards. Plus, parents can attend parents’ teachers’ meetings. This project also follows the NCERT curriculum.
Their target customer base is a business community and Indian middle-class families. This project valuation is in 2 verticals – the B2C model and companies set up in villages. These companies invest in setting up AAS vidhyala cafes in villages.
We will end with a quote-
“Give the youth a proper environment. Motivate them. Extend them the support they need. Each one of them has an infinite source of energy. They will deliver.”
– Dhirubhai Ambani, Founder of Reliance industries.