Shark Tank India has captivated audiences since its debut on December 20, 2021. The show brings together aspiring entrepreneurs and seasoned investors, known as “sharks,” who offer funding and guidance to promising startups. While the show has inspired many and provided valuable business lessons, questions have arisen about the financial success of the sharks themselves.
According to publicly available reports, the sharks’ businesses have experienced both highs and lows. Aman Gupta’s boAt reported a revenue of Rs 3,122 crore but a loss of Rs 79 crore in FY24. Vineeta Singh’s Sugar Cosmetics saw a revenue of Rs 505 crore but a loss of Rs 67.5 crore in the same period.
Amit Jain’s CarDekho reported a revenue of Rs 2,250 crore but a loss of Rs 340 crore in FY24. On the other hand, Deepinder Goyal’s Zomato saw a revenue of Rs 12,114 crore and a profit of Rs 351 crore in the same fiscal year. Peyush Bansal’s Lenskart reported a revenue of Rs 5,427 crore and a loss of Rs 10 crore in FY24.
Namita Thapar’s Emcure Pharmaceuticals saw a revenue of Rs 6,715 crore and a profit of Rs 527 crore in the same period. Anupam Mittal’s Shaadi.com reported a revenue of $292 million in FY23 but a loss of Rs 13.5 crore in FY22. Ashneer Grover’s BharatPe saw a revenue of Rs 1,426 crore but a loss of Rs 474 crore in FY24.
Sharks’ fiscal challenges and achievements
Ghazal Alagh’s Mamaearth reported a revenue of Rs 1,920 crore and a profit of Rs 111 crore in FY24. Ritesh Agarwal’s OYO saw a revenue of Rs 5,389 crore and a profit of Rs 229 crore in the same fiscal year.
Azhar Iqubal’s Inshorts reported a revenue of Rs 181 crore but a loss of Rs 228 crore in FY24. Varun Dua’s Acko saw a revenue of Rs 2,106 crore but a loss of Rs 670 crore in the same period. Ronnie Screwvala’s UpGrad reported a revenue of Rs 1,876 crore but a loss of Rs 560 crore in FY24.
Kunal Bahl’s Snapdeal saw a revenue of Rs 384 crore but a loss of Rs 160 crore in the same fiscal year. Viraj Bahl’s Veeba Foods reported a revenue of Rs 811 crore but a loss of Rs 50 lakh in FY23. These figures reveal the unpredictable nature of entrepreneurship and the challenges that even successful businesses face.
While some sharks are navigating profitable waters, others are striving to keep afloat amidst financial difficulties. Despite the varying financial performances, Shark Tank India has undeniably provided a platform for innovation and growth in the entrepreneurial landscape of India. The show has inspired countless individuals to pursue their business dreams and has offered valuable lessons in navigating the complex world of startups.
As the sharks continue to guide aspiring entrepreneurs, their own experiences serve as a reminder that success is not always a straight line. The path to profitability is often filled with obstacles and setbacks, but with perseverance and adaptability, businesses can weather the storms and emerge stronger.