Shark Tank India is a Hindi-language business reality TV series 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; Amit Jain, Co-Founder & CEO, CarDekho Group; 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 43 Recap
This episode brings us three new startups with different innovative ideas and products that will inspire you to do something as soon as possible! The Sharks featured in episode 43 are Peyush Bansal, Vineeta Singh, Ritesh Agarwal, Radhika Gupta and Aman Gupta.
Nemo Care
The first startup to arrive at the Tank is a healthcare device for newborns who need extra care after birth. The entrepreneurs discuss how dangerous it can be for NICU babies in Tier 1 and Tier 2 cities because they do not get timely intervention and care. The founders discuss the various ways in which this product can help newborns get the best care without delay and can also predict diseases before they happen. The founders ask for Rs 1 Crore for 2.5% equity in the company.
After the pitch, Vineeta and Radhika share their heartbreaking stories of being in the NICU and how distressing it was for their parents to not be able to meet their babies. The founders then get into the demo of the product while mentioning that using the product, the baby can be taken out of NICU care and discuss their accuracy of the product.
The founders next get into their customer segments and who needs this monitoring system. They discuss their CSR models along with their hospital models through which the startup makes their revenue, beforing getting into how they do their manufacturing. The Sharks are left stunned when they learn how much grant they have received from differnet places and the founders mention their plans for the next round of investments as well.
However, their revenue doesn’t strike a chord with the Sharks and the founders get into why the Fortune 500 companies are backing them up. But the Sharks remain unimpressed with their lack of growths and how they will fulfil their valuation which such sales numbers. In the end, Vineeta & Peyush and Aman give offers to the team and the founders go with Aman’s offer for Rs 20 Lakhs for 0.67% equity + 80 Lakhs debt at 10% Interest for 2 years.
WhySoBlue
Next, we meet a mother-daughter pair who bring to the Tank their colourful and funky clothes to catch the Sharks’ eyes. After discussing their backgrounds, the entrepreneurs discuss slow fashion, its impact on the environment and why people should choose such brands. They then get into their clothes and the Sharks get into a discussion about whether or not people wear co-ords outside their homes. The entrepreneurs answer all of the questions and mention that the co-ord trend is booming in India at the moment and considering our tropical climates, the cotton co-ord trend is also going up.
The founders then discuss the prints, techniques and designs that they use in their clothes that differentiate them from other brands. However, their steep pricing shocks the Sharks and discusses their unit economics, before discussing how they are not afraid of their prints being copied. After discussing the need for a physical store and their growth run rate, however, all the Sharks except Ritesh decide to not invest in the business for various reasons. In the end, the founders agree to his offer of Rs 40 Lakhs for 3% equity + Rs 35 Lakhs debt at 10% interest for 3 years.
Coratia Technologies
We next meet the founders of a company that specialises in unmanned underwater robots for inspections and surveillance of the great unknown! The founders show the Sharks their two products that can be used for the inspection of structures like bridges, dams etc so that governments can avoid disasters and keep an eye on these structures. The founders mention that using these robots, will not only be able to save these structures but also save the hundreds of lives who can fall victim to such catastrophes. In the end, they ask for Rs 80 Lakhs for 1% equity of the company.
The founders first discuss their background and how they are connected to this problem. After narrating a rather inspiring story, the founders get into the nitty-gritty of the product, how it can be used and why hiring divers to do such treacherous and technical tasks can be a difficulty. The founders show a video of the robot at work, which impresses the Sharks thoroughly, and they also discuss the innovations that they have made to an already-existing technology. Afterwards, the Sharks get a live demo of the product as well as a deeper understanding of the product.
They then get into the revenue aspects and how they have set their pricing model. The Sharks are left surprised when they learn that the next year the founders are expecting a 50 times increase in revenue. After discussing what they are expecting from the Sharks, only Vineeta and Ritesh give them offers and the founders decide to go with the latter’s deal, which is the same as what they initially asked for.
Shark Tank India Season 3 Episode 43 Review
Apart from the clothing brand in the mix, the other two startups offer some great innovation that meets different needs and their products are the ones that truly make this episode a little different. The huge number of clothing and food brands have become somewhat of a chore at this point in the season but its these innovative technologies that cater to different people and try to improve quality of life in different ways is what makes Shark Tank India what it is. Regardless of whether or not they get a deal, the audience gets privy to the opportunities that exist in their country and the choices that one can make when it comes to education or even employment makes this a valuable watch. It’s a shame that we don’t get to watch that a lot but I guess it’s best to take what we get at this point!
You can watch the Shark Tank India Season 3 episodes now on SonyLIV.