Finance
Shark Tank India is set to return with its 3rd season after giving several local entrepreneurs wings and funding large corporations for the previous two seasons. Registration for the show began on Saturday and will be open through the end of the month.
Shark Tank India 3 was announced by Sony TV with a really amusing promo. A senior business mogul is seen in the film bragging about his accomplishments and how his family and relatives sponsored him. In the advertisement, he laments the fact that he only received a few crores from them. Then a man walks in and says that if you don’t have any relatives, you can always pitch your idea on Shark Tank India.
In its first season, the’sharks’ invested over Rs 42 crore in 67 local businesses. The numbers almost doubled in season 2 as the ‘sharks’ invested almost Rs 80 crore in 103 businesses.
Here’s how you can be on Shark Tank India 3:
Step 1: Online application:
Download or update the SonyLIV app or log on to Sonyliv.com to fill out the Shark Tank India 3 registration form. You will need to fill in a description of your business idea, highlighting its uniqueness and potential. Make sure you catch the attention of the team with your words. You need to be 18 years and above and a citizen of India to qualify for the show.
Step 2: Pitch
You will need to upload a three-minute video pitch, along with answering a detailed Q&A to convince the Shark Tank India team why your business idea deserves their investment. Clearly put across what sets you apart and why you are poised for success. Your pitch will determine if you have what it takes to be on the show.
Step 3: Audition
If you clear the first two rounds, you will next have to go through a rigorous audition process. Present your business idea to the Shark Tank India team, who will assess your potential and narrow down the candidates to the most promising ones. The audition will be conducted in Delhi, Mumbai, Bengaluru and Kolkata.
Step 4: Executive pitching
Before the final drill, entrepreneurs will have to pitch their business ideas to a panel consisting of business experts and representatives of the company. The final selection will be done on the basis of the pitch and their previous rounds.
Step 5: Entering the ‘Tank’
Selected participants, now called Pitchers, will enter the Shark Tank, facing the panel of ‘Sharks’ for the final round. These experienced investors will evaluate, analyse, and make offers based on your final pitch. You will get the chance to discuss, negotiate and finally secure the deal of a lifetime.
Anupam Mittal (Shaadi.com), Aman Gupta (BoAt), Ashneer Grover (BharatPe), Namita Thapar (Emcure), Vineeta Singh (Sugar), Ghazal Alagh (MamaEarth), and Peyush Bansal (Lenskart) were the’sharks’ on Shark Tank India 1. Season 2 was missed by Ashneer and Ghazal, who were replaced by Amit Jain (CarDekho).
Shark Tank India 3 will premiere later this year. It will be shown on Sony TV and streamed on SonyLIV.
Source:IE
