The first episode of the reality TV shows Shark Tank India is over. Not only did the memers get a lot of raw material from this show, but the ideas of many youths also got funds from Sharks, i.e. the judges of the show. This fund will help the youth to take their ideas on the ground in a better way and make them successful in the market.
This judge of Shark Tank India show gave data on Insta.
Anupam Mittal, a show judge, told Instagram how much he invested. Along with this, he also shared some interesting figures. He said that 198 ideas came during the show, out of which 67 successfully raised funds. Interestingly, 67 per cent of the new startup companies that managed to get the funds were those whose co-founders are less than 25 years old.
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Funding for such companies
The founder of Shaadi.com said that 59 of these companies do not have degrees from institutions like IITs or IIMs. Forty of the companies that raised funds in the show had not received funding before. There were 29 companies in which at least one woman was a co-founder. The 20 successful startup companies are from small towns or rural areas.
Anupam Mittal invested 5.4 crores.
Mittal said that he committed to invest Rs 5.4 crore in 24 companies. He said that 70 per cent of these leaders are youth, while women lead 50 per cent. Mittal writes that the cycle of time is changing, and India is at the forefront of this change. Private equity and venture capital investments were the highest last year. He expects that 2022 will see more capital inflows than the previous year.
Namita Thapar did ten crore funding
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Another show shark, Namita Thapar, said that she invested ten crores. Rs 7 crore was invested during the show, and Rs 3 crore later. He said that these investments were made in 25 companies. Other judges include Bharat Pay co-founder Ashneer Grover, boAt co-founder Aman Gupta, Sugar Cosmetics co-founder Vineeta Singh, Mama Earth co-founder Ghazal. Alagh (Ghazal Alagh) and Lenskart founder Piyush Bansal were involved.
