Shark Tank India's Shocking Reality

Shark Tank India's Shocking Reality...

Young Founders are losing trust in Shark Tank India as many of them are made to wait months and even years in some cases to get the money.

According to the founders, sharks promise money on the show but then in the garb of 'due diligence' waste a lot of the founder's time.

A founder told a media house that after months of delaying, one of the sharks called them to their office and called the business model flawed and said there was no market for their services.

Another founder, who was featured in the second season of Shark Tank India, was made to wait 6 months after that he got tired and cancelled the deal.

Incidents like these can make people lose trust in the entire startup ecosystem of India.

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[getbimalonline]

Sharks themselves are startup.. we need real industry sharks like Mittal, Mahindra, Ambani etc etc

[ManishGupta-xksx]

Bhai inka startups khud hi loss main hain . Yeh kya paise denge sab ko

[HarshitPopat]

Even in Shark tank USA, almost 60% deals made on the show dont go through because when they do due diligence they find out that the founders had lied about their business's numbers.

[TejaswiJayanti]

Sharks themselves are defaulters and on the edge of bankruptcy.

[sync]

You cannot understand about a startup in just a small presentation. You need hours of digging into the company's details then only you can finalise

[nitwit]

Sharks wait to see the sales figures after the show gets aired. If the Business picks up for the Startup they invest otherwise Blatantly refuse. There is a story going around that these Startups when they go to other VCs or Investors for Funds face rejections as they were rejected on Shark Tank India.

[Unknown-nrzu]

Yes, I do understand, but its also many startup volunteers doesn't tell the exact & honest situation of their company on the show, however so many new stats comes off record, which makes Sharks to back out from the deal, this is one of the common reasons.

[rhan]

Founders are not in the show for money, they are for marketing.

[chickencurry]

Finalising deals is not easy. A lot of times these deals falls off behind the scenes. Mark Cuban once talked about this where he said that over half of the deals made on the show don't finalise in reality because there's deeper negotiations behind the camera which often doesn't sit well with either the sharks or the startup owners...

[KB-bfio]

Why do we use such stupid shows it's from the 90s

[sachin]

Sharks be like "tu janta nahi main kaun hoon?"

[manjunathjadhav]

Why ur showing grover. He is not even in the show.

[Yuyuyufucgicic]

Shark Tank for startups is a place to advertise not to raise money.

[sky]

It is fair to do due diligence taking time since the founder can say whatever they want on air but ghosting them is not fair. It is ultimately the investor taking the risk.

[samuelmarndi]

If u can start and run a company Profitabily in India you can do it easily anywhere in the world. I think. India is the most challenging market to crack and sell.

[sumitdas]

The 20% thing is universal, it happens in shark tank US and the british version of it. And it not the fault of the sharks always. There are many variables here.

[protech]

So Ashneer was right about sharks not having money

[namyaoncamera]

there are a lot of factors which are involved, many pitchers lie about their numbers, these are business deals involving crores not chai pe baat, and your business wont automatically boom if you have them on board they're just there for suppot or getting you places and meetings you might not have gotten by yourself. But you've gotta do the work yourself

[heyythere]

Atleast we can see these startups on tv so that more and more people can know about it. So that's a pro

[ashwinnair]

No it's completely normal. Their team will take steps to properly check the company. They should make it clear if their deal is off quicker like within a month at max