The Hindi-language business reality TV series Hindi is broadcast on Sony Entertainment Television. The series with its third season is continuing to bask in its popularity amongst the Indian audience. The show revolves around new-age entrepreneurs delivering business pitches to an esteemed panel of investors aka the ‘sharks’. Based on their pitches, the sharks will determine whether or not they will invest in the presented ventures.
Shark Tank India Season 3 consists of a panel of judges that includes Deepinder Goyal, Founder and CEO, Zomato; Azhar Iqubal, Co-founder & CEO, Inshorts; Ritesh Agarwal, Founder & CEO, OYO Rooms; Radhika Gupta, MD & CEO, Edelweiss MF; Varun Dua, Founder, ACKO; Ronnie Screwvala, Co-Founder and Chairperson, UpGrad; Aman Gupta, CEO and Founder of boAt; Namita Thapar, Executive Director – India Business, Emcure Pharmaceuticals; Peyush Bansal, Co-Founder & CEO, Lenskart; Vineeta Singh, Co-founder & CEO, SUGAR Cosmetics and Anupam Mittal, Founder & CEO, People Group (including Shaadi.com).
Shark Tank India Season 3 Episode 36 Recap
This episode’s startups are hardworking individuals whose dreams have compelled them to do something unique and their inspiring stories make us hope for a better future for India. The Sharks in episode 36 include Aman Gupta, Ritesh Agarwal, Radhika Gupta, Vineeta Singh and Peyush Bansal.
Karibo Cosmetics
The first business to come to the Tank is a customised lipstick brand where customers can make their choice of lipstick from scratch. Customers can customise everything according to their taste and they are all safe to use. They also provide a live lipstick-making experience and their events are tailored for any and all types of festivities and celebrations. The founders ask for Rs 80 Lakh investment for 5% equity in the company.
The founders then talk about how they came up with the idea of the business and about their other competitors in the US which did not do well and discuss why that happened. The founders further mention that they decided to make this an event instead after learning from their competitor’s mistakes such that they get a lot of footfalls and future prospects as well. After giving a demo, the founders discuss the events that they have done and their revenue.
The Sharks are impressed by their marketing tactic and how they use these events to market themselves and make money in the process! However, since the business is too small and they haven’t made a proper company yet, the Sharks opt out of investing but wish to see them in a few years after they have made headway with the legal aspect of everything.
Deeva
The next business arrives in style with an impromptu fashion show. The founder introduces their online sari store as a one-stop shop for different varieties of saris by bringing forth different manufacturers together. Thus, their prices are quite cheap but their varieties are multi-fold. The founder asks Rs 2 Crore investment in exchange for 2% equity in the company.
The Sharks first get into the founder’s background and why he started this business. He further discusses how he saw the different prices of the same saris in different stores and found an opportunity to give the best quality product at the lowest possible price to customers through his website. The founder discusses the quality of the saris and why he deals with manufacturers directly, removing the need for the steps in between. He further discusses his sales data and his profits and other data which impresses all of the Sharks.
In the end, Aman, Ritesh and Radhika agree to get into a deal for Rs 75 Lakhs for 6% equity + 1.25 Crores debt at 10% interest for 3 years.
DesignTemplate
The last business to come to the Tank is an online design marketplace that deals with premium motion graphics templates, illustrations and music. Anyone can create their templates within a few hours on their website according to their tastes instead of waiting for days on end for the same. Although the founder starts off a little tense, he ends his pitch by impressing the Sharks and asking for Rs 1 Crore for 2.5% equity of the company.
The founder proceeds to tell the Sharks a truly inspiring story about his background and how he started from small jobs and with sheer determination made his way up to where he is. His inspiring story touches all the Sharks’ hearts and he further tells the Sharks how he merged technology and design together and the amount of effort they put into creating a graphics software but pivoted to DesignTemplate afterwards to generate revenue first. After showing a demo of the products, the Sharks get into the revenue generated by the company and they are left impressed by the numbers.
The Sharks mention that spending money on marketing will not work since their USP is their design and that will work better on marketplaces. The founder gets into why they don’t want to keep investing in marketplaces because it will not work in the long term. However, the Sharks are still not convinced by the technology aspect of it since they feel that AI can make all of this eventually. In the end, Peyush and Aman give individual offers and the founder joins Aman for Rs 1 Crore in exchange for 10% equity of the company.
Shark Tank India Season 3 Episode 36 Review
The latest episode has been a rather fun and oddly warm watch as we get to watch three very different and unique pitches spearheaded by people with big dreams. The unique propositions that we see in this episode are hopeful and inspiring and the stories that we hear will make you want to push yourself to do better. Thankfully, there is no petty cattiness between the Sharks in this episode, which is always welcome although we don’t have Anupam and Amit so there’s that. The interesting discussions and insights from the Sharks are also a welcome watch that strays away from unnecessary and underhanded comments and adds something productive to the discussion. All in all, an entertaining watch through and through.
You can watch the Shark Tank India Season 3 episodes now on SonyLIV.