All Shark Tank India judges appear to be drowning in losses aside from Aman Gupta's BoAT
This Linkedin user has debunked the myth that all of the Shark Tank India judges, including Vineeta Singh, Ghazal Alagh, Anupam Mittal, Namita Thapar, Ashneer Grover, Peyush Bansal, and Amit Jain, earn millions of dollars each year. According to a social media post going viral, all of the investors on the show, with the exception of BoAt co-founder Aman Guta, are experiencing significant losses.
Authorpreneur and marketer Ankit Uttam explained on LinkedIn why Shark Tank India, in contrast to its US cousin, never worked for him, not even in the first season.
According to his statement, "In the US version of the show, every judge (Barbara Corcoran, Mark Cuban, Lori Greiner, Robert Herjavec, Daymond John, and Kevin O'Leary) is running businesses that really produce a profit rather than relying on VC money or drowning in large losses."
Here is what he discovered after looking more closely at each shark's companies beginning with Season 1.
SUGAR Cosmetics, owned by Vineeta Singh, recorded a loss of INR 75 Cr in FY22, up from INR 21.1 Cr in FY21.
"Ghazal Alagh's Mamaearth posted a profit for FY22 at INR 14.44 Cr. for the first time since its start after experiencing losses of Rs. 1,332 crore in FY21 and 428 crore in FY20. Additionally, the business reported a 4 crore net income for the first six months of FY23. Consequently, the company has only recently started to earn a profit. They are planning an IPO, according to a recent Mint news story, with a valuation of INR 24000 Cr. 24000 Crore when there are only 14 crore in profits is absurd."
In FY 2022, BharatPe had a total loss of Rs 5,594 crores. The business reported a total loss of Rs 2,961 crore for FY 2021. Since Ashneer Grover was the CEO for the majority of the FY22, these losses would also be under his supervision even though he was recently fired from the firm "
Owner of companies like Shaadi.com, Makaan.com, and Mauj Mobile is Anupam Mittal. Other brands aside from Shaadi are either gone or not earning sufficient income. Even Shaadi's financials are not publicly available, with the exception of a recent report of an IPO that may or may not take place since a similar attempt was made in 2009.
In FY22, Peyush Bansal's Lenskart reported a combined loss of INR 102.3 Cr.
"Namita Thapar is NOT the founder of her company Emcure Pharma, it needs to be acknowledged. Her father founded it and is now its CEO. Her credentials appear to be comparable to those of Bollywood actress Ananya Pandey. In the fiscal year 2021–2022, Amit Jain's CarDekho reported losses of 246.5 crore rupees.
The only business that has generated profits since its inception is Aman Gupta's Boat.
Shark Tank India, as described by the Linkedin user, is Ekta Kapoor's interpretation of the more compelling US version of the programme.