How Shark Tank India Works

Shark Tank is a well-known unscripted TV drama where financial backers or Sharks as they are called! will subsidize the entrepreneurs, subsequent to paying attention to their pitch.

The Sharks request a stake in the business, which is typically a level of possession and a portion of the benefits, in return for their cash.

Are you ready to Swim with the Sharks? Let’s explore the Shark Tank India Concept

Shark Tank India is a business unscripted tv show in India that airs on SET India.

Shark Tank India idea is a show that portrays business visionaries giving business introductions to a board of five financial backers or sharks who choose whether or not to put resources into their organization.

Studio NEXT produces The Shark Tank India, which is broadcasted on Sony Entertainment Television Channel.

So what Shark Tank India is about is that it is a stage where hopeful startup business people have the amazing chance to try out their thoughts for financing before a board of private backers or 'Sharks.'

The panel of Sharks...

These Sharks have committed a total of Rs. 41.68 crore to 67 eligible start-ups, and are among the most well-known names and self-made millionaires in the business world today.

Let us now try to understand how Shark Tank India works.

It is best to understand the process of how Shark Tank India works in three phases:

1. Phase 1 Before entering the Shark Tank – registering for the Show
2. Phase 2 During the stay in Shark Tank – interaction with the Sharks
3. Phase 3 Moving out of the Shark Tank – Post interaction outcome 

1. Phase – Before entering the Shark Tank or Registration for the Show

To participate, the aspiring entrepreneur must first complete the registration for Shark Tank India Show.

The registration process includes these steps:

1. The first and most important step is to download the SonyLiv app or go to www.sonyliv.com.
2. Look for the Shark Tank registration banner and click on it.
3. To verify your OTP, you must enter your mobile number.
4. Fill up and complete all of the information on the form regarding your participation in the show.
5. Enter all of your company’s information.
6. The mandatory fields must be filled out correctly with relevant information.
7. Submit your registration form

2. Phase  During the stay in Shark Tank - communication with the Sharks
A genuine trial of resolution happens when you enter the Shark Tank India field.

1.  The picked candidates will test out their business thoughts before the sharks
2. Growing business visionaries with intriguing business thoughts, business models, or in any event, existing undertakings present their thoughts
3. The candidates will demand the venture they look for from the Sharks and furthermore state the number of stakes or benefit they will give the Sharks, in their business
4. The Sharks will barbecue them with inquiries to survey the gamble of their venture
5. Questions typically rotate around the story behind the business, the enthusiasm and information on the entrepreneur, potential portion of the overall industry, contender investigation, benefit of the business, etc
6. On the off chance that the pitchers dazzle the sharks, the sharks will either acknowledge the solicitation made by the business visionaries or make their own deal
7. On occasion, at least 2 Sharks can combinedly put resources into an endeavor with their separate stake share.
8. At the point when the Sharks' offer is pleasant by the candidates, then, at that point, the arrangement comes through and the Sharks discharge a representative check for the candidates' organization.
9. In any case, in the event that the Sharks don't see the business thought as promising, they completely reject the thought with an "I'm out" articulation.

Shark Tank India idea works best when, the 'pitchers' intrigue the 'Sharks,' they have the chance to find some useful task to fulfill changing arrangements from the 'Sharks'.

Sharks will likewise tutor and back the organizations of those pitchers whose thoughts are awesome.

3. Phase  Moving out of the Shark Tank - Post communication result

Bravo!! The candidates who entered Shark Tank India and made amazing pitches will leave settled with the Sharks and pack the right venture for their future activities.

The people who couldn't pack the proposition, move out of Shark Tank with many interesting inquiries and a reflective mentality. However they couldn't get the proposition, they leave the room as an edified money manager.

Contestant Success Stories

What Shark Tank India is about is to give wings to the fantasies about maturing business people with their imaginative endeavors.

A brief look at the examples of overcoming adversity of the Shark Tank Contestants can give us numerous experiences into their innovative excursion.

Peeschute, an organization committed to further developing latrine cleanliness, makes reasonable gender-neutral dispensable pee Bags. Siddhant Tawarawala, the originator from Jalna, Maharashtra, has snatched an arrangement with Aman Gupta for 75 lakhs in return for a 6 percent value stake.
Skippie Pops, a Hyderabad-based Ice Pops brand, collected the most cash (1 crore) for 15% value with every one of the five sharks contributing. This likewise stresses the significance of coordinated effort in the business world.
Adventures, for example, Annie which is a braille learning gadget talk about the business owner's enthusiasm to reward society.