It appears that businesses of Shark Tank India judges are posing huge losses. If a viral LinkedIn post is to be believed, it appears that only Aman Gupta’s company has been relatively profitable. The news comes at a time when second season of the show appears to lack the lasso-like grip it had on viewers during the first season.
Recently, a LinkedIn user took to the networking platform, and likened judge Namita Thapar to Bollywood actor Ananya Pandey. The post author implied like much like Ananya Pandey, Thapar to is a product of nepotism, and hasn’t worked as hard as most entrepreneur do to build a business from scratch.
Ankit Uttam, a writer, recently claimed that enterprises that came to the show, are not suited to be led by Shark Tank India judges, as their own companies have been in losses. Ankit claimed that Vineeta Singh’s company posed a loss of Rs 75 crores, while Peyush Bansal’s Lenskart suffered a loss of Rs 102.3 crores. Amit Jain, who recently replaced Ashneer Grover, reported losses of a whopping Rs 246.5 crores.
The only one profitable was Aman Gupta, the co-founder of boAT.
Meanwhile, earlier last week, Namita Thapar was in the news for claiming her ‘educated’ house-help shared ‘hateful post’ about her being a bad mother on her Instagram.
The Facts of the Matter
While most startups are often non-profitable for years and continue to drown in cash-burn to make their mark, it seems that a LinkedIn user has slammed Shark India judges for the same notion. The LinkedIn user broke down how the companies of Shark Tank India are faring in losses, and how they are perhaps not the best to lead upcoming and budding entrepreneurs.
Also Read: Namita Thapar Claims ‘Educated House Help’ Stole her Phone & Posted Toxic Comments from It
“Never worked”: LinkedIn User Takes Dig at Shark Tank India
A LinkedIn user named Ankit Uttam, recently took to LinkedIn and shared his thoughts about the show’s judges and how their companies are reeling in losses. “Shark Tank India has never worked for me as a show from its first season, unlike its US counterpart,” he wrote.
“In the US version of the show, every judge (Barbara Corcoran, Mark Cuban, Lori Greiner, Robert Herjavec, Daymond John, and Kevin O’Leary) is running businesses that actually turn a profit instead of riding on VC money or drowning in huge losses,” he added.
Also Read: Heated Shark Tank 2: Namita Thapar Walks Out Amid Clashes with Anupam Mittal
Vineeta Singh, Ghazal, Ashneer Grover All Under Losses
He then went on to breakdown the financial situation of the companies owned by Shark Tank India judges. “Vineeta Singh’s SUGAR Cosmetics reported a loss of INR 75 Cr in FY22 up from INR 21.1 Cr in the fiscal year FY21,” he wrote.
Ankit claimed that Ghazal Alagh, CEO of Mamaearth, posed a profit of Rs 14.44 crores after suffering losses of Rs 1,332 crores in financial year 2021. BharatPe co-founded by Ashneer Grover, who was the first season judge, posed a loss of Rs 5,594 crores.
Ankit also took dig at Shaadi.com founder Anupam Mittal and wrote, “Except for Shaadi, it seems his other brands are either dead or not making enough money, as there is minimal or no news about those in the media. Even Shaadi’s financials are NOT known in public except for one recent report about its future IPO that may or may not arrive since one such attempt was also made in 2009.
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Only Aman Gupta Profitable
In a similar fashion, Peyush Bansal’s Lenskart and Amit Jain’s CarDekho also suffered loss of Rs 102.3 crores and Rs 246.5 crores, Ankit claimed. “Aman Gupta’s Boat is the only company that has been profitable since its inception,” he added.
Namita Thapar Likened to Ananya Pandey
Perhaps the biggest statement came in the form of Ankit likening Namita Thapar to Ananya Pandey. “Namita Thapar is NOT the founder of her company Emcure Pharma. It’s her father who started it and still is its CEO. So, to some, her credentials may seem similar to that of Ananya Pandey in Bollywood?? (Did somebody hear nepotism!!),” he wrote.
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