“Our teams reach out to the founders and then usually we create a WhatsApp group,” Anupam Mittal said on the new season of Shark Tank.
In the last season of Shark Tank India 3, the judges awarded the contestants and their firms around ₹120cr. promised to give Some said they had not received payment. Now, Anupam Mittal, founder of Shaadi.com, has spoken to Mint about what goes on behind the scenes of the show, Shark Tank 3, which returned for its third season in January. The latest season has a 12-judge panel consisting of Anupam Mittal, boat ceo Aman Gupta, Amit Jain, Namita Thapar, Peyush Bansal, and Vineeta Singh. are included. New deal structures are also on the table, such as royalty-based sales.
Is Shark Tank 3’scripted’yes or no,or do deals genuinely happen? Anupam Mittal answers.
Anupam Mittal said the acquisition execution process could take anywhere from a month to more than a year, depending on “how ready the company is” for the investment. The founder of Shaadi.com said, “Our teams reach out to founders, and we often start a WhatsApp group. We start the due diligence process and documentation together and communicate with them to highlight difficulties – If they don’t meet the conditions or if the claims are wrong. Then we wait for them till the process is complete. Some of them do, while others never get back to us.
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Is Shark Tank 3‘scripted’yes or no.
During Shark Tank India Season 2, Anupam Mittal invested ₹1 crore in Jaipur-based Zillionaire, despite the fact that the company did not yet exist. And the ROC website was unavailable for three months. Despite my team’s efforts, they were unable to register a new firm for three months.
He said that in 90% of cases, if a deal doesn’t happen after the initial commitment, it’s because the entrepreneur backs out due to better valuations elsewhere. Let’s say we commit to 20 contracts and only ten of them are fulfilled. At least seven or eight out of ten would be instances in which founders backed down. And you would have two or three instances where the claims were incorrect or the requirements were not met.”
