SHARK TANK INDIA (INDIAN ERA OF ENTREPRENEURSHIP)
by Reena Prajapat
Shark tank India is a business reality show airing on Sony entertainment television from 20th December 2021, which has become popular in no time. It is the Indian franchise of the American show Shark Tank, which features entrepreneurs pitching their ideas to a panel of 5 judges, who there and then decide whether to invest or abstain.
The panel of judges includes
1. Ashneer Grover, Founder & MD at BharatPe
2. Vineeta Singh, CEO, and Co-founder at SUGAR Cosmetics
3. Peyush Bansal, Founder & CEO at Lenskart
4. Namita Thapar, Executive Director of Emcure Pharma
5. Aman Gupta, Co-founder & CMO at the boat
6. Ghazal Alagh, Co-founder MamaEarth
7. Anupam Mittam, Founder at Shadi.com
Through this show budding entrepreneurs from all over India got the chance to get investment, expertise & precious strategic ideas from these multi-millionaires of India in exchange of equity from their company.
Show also helps the future entrepreneurs to get the insight of the business world, how to pitch your ideas, how to know that your product is fit in the market and how to scale. Viewers also get to know about B2B, B2C, D2C businesses, HORECA, and other market related terminology.
As we are stepping into the era of entrepreneurship it is very important for our youth to gain that knowledge, confidence and enthusiasm for the corporate sector.
Very proudly we can say in 2021 total 44 startups in our country became unicorns and in 2022, until now total 8 startups had achieved this feat and 22 startups are about to become unicorns.
Young people are now getting ready to face the ups and downs of this tricky path. They have proved that now it is not only the game of IITians and MBA holders of IIMs.
“If people like you they'll listen to you, but if they trust you they'll do business with you.”
―Zig Ziglar
Points that we can learn from this show:
You must be ready for struggle (most obviously)
Your model should be unique.
Your passion and understanding about the business model should reflect in your presentation so that even investors get convinced and interested about it.
Boot licking won’t work:-)
You shouldn’t mug up so many things that show you as a pathless or distracted person, focus on one thing at a time and try to scale with that.
You should possess a strong team of professionals and workers. And must have a strong bond with them.
You have to face all kinds of investors with confidence whether they are rude with you, show less interest or doubt your abilities.
Should be ready to take tough decisions quickly.
And the most important thing if you are building a company, equity is precious, don't sell it like a vadapav 😉😊.
“If you can't fly then run, if you can't run then walk, if you can't walk then crawl, but whatever you do you have to keep moving forward.”
―Martin Luther King Jr.
Best wishes to all the future entrepreneurs!!!!
~ REENA PRAJAPAT
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Excellent!