Sony Entertainment Television recently announced the third season of the innovative and disruptive reality show Shark Tank India and there is excitement in the air as founders are yet again lining up to seek funds for their business ventures.
While the last two seasons have been much loved and got India hooked, they have given India some interesting brands to look forward to. We had a memefest with many of the founders and also Ashneer Grover, one of the sharks who would mince no words at all. As the registrations open and it shows a new way forward to the young founders, let’s go down the memory lane and have a look at some of the memorable faces from Shark Tank India’s season 1 and 2.
When Sanandan Sudhir made his first appearance on the finale of Shark Tank India Season 1, Ashneer Grover had quipped that he reminded him of popular villainous character Shakaal, who had built his own kingdom where only his rules prevailed. Though the inventor did not get funding by the sharks, he spelled his fiefdom outside the show, when he bagged funding at the same valuation he was ridiculed over – 100 crore. His invention is On2Cook, the fastest cooking device that saves 50% energy and 70% cooking times. It functions on combination cooking technology, with induction/flame in the bottom and microwave through the lid. The device has in fact already created ripples not just in India but even internationally.
Yushika Jolly, founder of Paradyes, India’s first semi permanent hair color brand had impressed the sharks in the second season of the show. This creative startup resonated with all the judges as they figured that it is the product for Gen Next. It breaks the myth around harmful impact of hair color and the potential damage. The range of options impressed all the judges. While Peyush Bansal offered a higher amount, she settled the deal with Vineeta Singh and Aman Gupta for Rs 65 lakh for 2% equity. We are sure to see much more from this brand in coming time.
Jugaadu Kamlesh, as he is sometimes known, Kamlesh Nanasaheb Ghumare, made a very film-like pitch to the sharks in season one. For farmers, Kamlesh had created a homemade pesticide trolley spray that could be used to spray pesticide on farmland. Peyush Bansal was so taken with the idea that he provided Rs 10 lakh in funding for 40% equity and a Rs 20 lakh no interest loan. His pitch is hailed as the best pitch of that season.
Janitri, a brand that had invented a device that could remotely monitor foetus and mother is hailed as the best device for expecting moms. Founded by Arun Aggarwal It was featured in season 2 and impressed all the judges of the shows. The fun began when all the sharks started fighting for him. He asked for Rs 1 crore for 2.5% equity and seeing the grand idea, the judges were all enthusiastic. He picked Namita Thapar for her experience in the healthcare sector, and knew that his business will be mentored by the right person.
Niti Singhal wowed all the judges in season 1 as she paraded in her reversible and convertible dresses and the models with her revealed the dresses under the brand Twee in One. Promoting sustainability and fashion, she showed how these dresses will save money and packing space. However the sharks were sceptical of the idea and weren’t too keen on investing. Later the public lapped the idea and her sales increased phenomenally. Moreover, Ashneer Grover’s wife was also seen wearing a dress from the brand.