Shark Tank India returns with Season 2, here is everything you need to know about the authenticity and fundamentals that helps sharks to invest
Aman Gupta co-founder Boat, Namita Thapar head and executive director of Emcure Pharmaceuticals, Ravjot Singh Arora Co-Founder at Medulance, Peyush Bansal CEO of the Lenskart, Pranav Bajaj - Co-Founder - Medulance
This India is inspired by personal and life experiences, and technological advancements, and is transforming these experiences into successful businesses. Sony LIV's Shark Tank India Season 2 showcased a diverse range of entrepreneurs from different generations, each with their unique ideas and brands, proving that even the smallest idea can make a difference and be made into a successful business.
This season has seen several successes already: Made-in-India android laptop brand Primebook secured Rs 75 lakh investment from Sharks Peyush Bansal and Aman Gupta; Solinas, a Chennai based robotics startup that wants to eliminate the need for manual cleaning of sewage pipes raised Rs 90 lakh from Sharks Anupam Mittal and Peyush Bansal; Mahantam, a startup that has developed an automatic tea glass-washing machine for roadside tea stalls raised Rs 30 lakhs from an all panel deal; Padcare, which works around waste collection at source to ensure environment-friendly disposal of sanitary pads secured Rs 1 crore in funding from Peyush Bansal, Namita Thapar, Vineeta Singh and Anupam Mittal.
This season also featured an unusual ask from Dhruv Vidyut, who asked not for money, but the Sharks' time in return for equity. The ask is as unusual as its product: an easy to install electric conversion kit that turns a regular bicycle into an electric bike. Aman Gupta, Peyush Mittal and Anupam Mittal finalized the deal for 100 hours in exchange for 0.5% equity in the company with conditions.
Primebook at Sony LIV's Shark Tank India
One of the most inspiring stories from Shark Tank India Season 2 is that of Medulance: a company that provides medical transportation services in emergency situations. The founders, Pranav Bajaj and Ravjot Singh Arora, created a very effective solution that brings together disparate pieces that already existed, into a collective that functions better as a whole. So far, Medulance has saved over 8 Lakh lives, is present in 60 cities, and growing. Was it any surprise that the Sharks competed amongst themselves over Medulance?