Shark Tank India is currently one of the most loved reality shows in the country. The blend of business and fun is something that appeals to all its spectators. For all the right reasons? Indeed for all the right reasons. Recently, Shark Tank India’s judge Namita Thapar made a shocking revelation. She opened up on getting “ghosted” by the founders after their deal gets aired on television.
Namita Thapar talked about the challenges after Shark Tank India deals
In a recent interview with Finance with Sharan on YouTube, Namita Thapar, a prominent judge also known as Shark on Shark Tank India, revealed some common challenges faced after striking deals on the show.
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Namita highlighted a concerning trend where many founders she deals with seem unaware of the intricacies of investment. She expressed frustration over encountering a lack of honesty and integrity from some entrepreneurs, leading to situations where they become unresponsive or provide inaccurate information during the due diligence process.
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“Several founders have ‘ghosted’ me,” Namita lamented, referring to instances where entrepreneurs suddenly cut off communication after their deals are televised. Additionally, she pointed out instances where the financial figures presented by entrepreneurs during their Shark Tank pitch significantly diverge from reality, making it challenging to proceed with investments.
She said as we quote,
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“A lot of people are very clueless when it comes to the count of investments because what they don’t realise is when we start doing our due diligence, there are multiple things that… there’s literally a lack of integrity on the part of founders. There are many founders who have ghosted me. There are many founders who, when we do the due diligence, the numbers they quoted at the tank, they are completely off, not just marginally but substantially off.”
The Executive Director – India Business, Emcure Pharmaceuticals further talked about the integrity issues on the pitchers’ part
She further elaborated on the reasons behind the Sharks’ decisions not to accept many deals on Shark Tank India. She explained that while the audience often questions why certain deals don’t materialize, they may not realize that integrity issues play a significant role in this outcome. She clarified,
“People often see us making offers on the show, but what they don’t understand is that integrity issues often arise during the due diligence process,”
Namita emphasized the importance of viewers understanding this dynamic, highlighting the disparity between what is presented during the televised pitch and the reality uncovered during thorough due diligence.
She said as we quote,
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“I think this is one thing that whoever is following Shark Tank must be aware of, that there is a margin between what’s revealed at the tank vs what really comes out in the due diligence.”
Shark Tank India Season 3 returns with a Stellar Panel of Sharks
Shark Tank India made its highly-anticipated comeback with Season 3, premiering on January 22, 2024. The seasoned panel of sharks from previous seasons, including Namita Thapar, Aman Gupta, Peyush Bansal, Anupam Mittal, and Vineeta Singh, returned to the tank.
Furthermore, joining them were notable new additions, including Amit Jain, Ritesh Agarwal, Azhar Iqubal, and Radhika Gupta, bringing fresh perspectives and expertise to the table.
Are you enjoying the show so far? What do you think on Namita’s revelation? Do share your thoughts via the comments below.Â
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