Shark Tank India Nets ₹106 Cr Investments In Season 1 And 2
A recent report by Redseer Strategy Consultants reveals that startups featured on Shark Tank India Season 1 have secured deals worth 6 times more from outside investors within 1.5 years.
The total investments in both seasons amounted to INR ~1.06 Bn, with the F&B sector receiving the largest share.
Interestingly, most deals on the show involved only one shark investing in a business, and there was never a case where all sharks invested in a single startup. The report also highlights that 90% of the pitched ideas were consumer-facing, while the remaining were B2B.
Redseer strategy consultants reported that many startups that appeared on Shark Tank season 1 were able to secure funding from external investors, regardless of whether they received a deal or were rejected on the show.
This indicates that the exposure on the show helped these startups in securing better deals and increasing their valuations.
The study also revealed that B2B deals had a high conversion rate, with 10 out of the 19 deals coming from the healthcare and manufacturing sectors.
Namita & Peyush, who specialize in healthcare and manufacturing respectively, were responsible for the majority of these B2B deals.
Most of the sharks preferred to invest in the Food & Beverages industry businesses, while the others preferred to invest in healthcare.
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bOAt founder Aman Gupta has secured 70 deals with a total investment of ₹246 million on the show. After that Lenskart founder Peyush Bansal secured 67 deals with an investment of ₹215.5 million.
The executive director of Emcure Pharmaceuticals, Namita Thapar secured 62 deals, with total investments of ₹206.6 million.