Shark Tank India, the popular Indian business reality show that debuted on Sony Television in 2021, has attracted more than ₹100 crore in investments across its first two seasons, according to a recent report by Redseer Strategy Consultant.
The report reveals that 27 startups managed to secure funding from external investors, with their current valuations reaching 2.5 times that of Shark Tank's inaugural season.
The majority of pitches, nearly 90%, focused on consumer-facing concepts, while the remaining proposals were centred around the B2B segment. Notably, the Food and Beverages sector claimed the largest portion of investments in both seasons.
Redseer's findings also highlight that most entrepreneurs who presented their business ideas hailed from metropolitan cities and had studied at prestigious institutions like the Indian Institutes of Technology (IITs) and premier business schools. Furthermore, the majority of these startups were headquartered in metros, while others were located in Tier 1 and Tier 2 cities or smaller towns. Redseer added that the majority of the pitched startups had been operating for over two years.
Among the judges on Shark Tank India, Namita Thapar, CEO of Emcure Pharmaceuticals, and Peyush Bansal, co-founder of Lenskart, were responsible for the majority of B2B deals. Mohan, a representative from Redseer, stated, "Out of the 19 deals, 10 came from the healthcare and manufacturing sectors. The majority of B2B deals were made by Namita & Peyush, having expertise in healthcare & manufacturing sectors respectively."
Meanwhile, Amam Gupta, co-founder of BoAt, emerged as the most active shark on the show, having secured 70 deals with a total investment of ₹24.6 crore. Bansal and Thapar followed closely behind with 67 and 62 deals respectively, amounting to total investments of ₹21.55 crore and ₹20.66 crore respectively.