If you are among the individuals who love to watch entrepreneurial content, you must have gone through The Shark Tank.
Then, we have some good news as Sony is about to start the Shark Tank India Season 1 very soon!
For our readers unaware of the show, it is a show that features budding entrepreneurs trying their fortunes to get an investment from the Sharks or already established and successful entrepreneurs.
Pull up your socks as The Sharks are on their way to your city to work out a deal and turn your fortunes upside down. The only thing that people need now is a convincing business model!
The Indian edition of the worldwide successful business reality program Shark Tank will stream on Sony Entertainment Television, which Sony Pictures Networks India has acquired. The show will be broadcasted on Sony TV and has been sponsored by StudioNext.
The Shark Tank India Season 1 promo
On June 22, the show’s first trailer was released, depicting a budding entrepreneur getting mocked by his acquaintances, family, and nearly everyone else behind his back for having larger-than-life ambitions.
But, he rises to the occasion on the Shark Tank stage and finds the perfect encouragement and guidance.
The promo notified the interested candidates about the commencement of the registration through the SonyLIV mobile application and website.
Furthermore, the caption of the promo post read,
Ab aapka business idea hoga reality, because the sharks will choose the best business concept in India.
Toh taiyaar ho jaiye for this epic journey.
History of The Shark Tank in brief
The American edition of Dragons’ Den, Shark Tank, began airing on ABC in 2009. In the show, popular entrepreneurs and investors, or sharks, try their best to exploit flaws in the entrepreneurs’ business plans.
Although capitalists get compensated for their time spent listening to and evaluating business ideas, they must also invest their funds after analyzing a perfect business pitch.
Famous and well-established Canadian businessmen Robert Herjavec and Kevin O’Leary, have previously competed on the Canadian version, retained their position for a long time. Other judges/entrepreneurs include Barbara Corcoran and the ever famous Mark Cuban.
Netflix has recently started airing the first few seasons of the show after it got renewed for a 13th season, which will premiere on May 13, 2021.
The reason behind starting Shark Tank India
The pandemic years 2020-21 saw a rise in local and astonishing businesses, primarily based on digital platforms such as Facebook Shops and Social Media marketing, due to the country’s lockdown restrictions. If you want to read about such similar businesses, make sure to go through our previous article.
Considering the exponential increase in local and home-run businesses, Danish Khan, who holds the office of Business Head at Sony Entertainment Television, Digital Business & StudioNEXT, stated that 2021 is the perfect year to commence the journey of Shark Tank India Season 1.
He further adds that he believes that Shark Tank India Season 1 would help provide a platform to the potential yet undiscovered entrepreneurial traits of individuals in India. As a result of which, they could get their pitches analyzed by the Sharks or Judges and might get fortunate enough to get fundings!
Who will be the Judges or Sharks in the Shark Tank India Season 1?
Although much has been talked about the Judges of the Shark Tank India Season 1, names have been kept top-secret!
However, as it happens in any similar move in the entertainment industry, speculation has begun about the possibility of Indian businessmen in the Shark Tank India Season 1.
Considering the strata of the Sharks in other versions of the Shark Tank, such as Robert Harjavec and Mark Cuban, people on social media platforms have begun speculating some famous entrepreneurs such as Kunal Shah, Nikhil Kamath as the possible Sharks in the Shark Tank India Season 1.
However, we at Robust Story would like to clarify that no official names have been released, and the names, as of now, are mere speculations.
How to register yourself in Shark Tank India Season 1?
Submitting the details online
In this process, the interested budding entrepreneurs will first have to download the SonyLIV application, available on Play-Store and AppStore.
For the people who already have the SonyLIV application, ensure that the application remains updated to the latest version.After that, click on the Shark Tank India option, which would get displayed once you complete the Sign-In process.
Now, fill in the details asked and finish the registration step after agreeing to the T&Cs. Then, elaborate your business idea lucidly and follow the on-screen instructions.
Video Pitch about your business idea
Once people successfully submit their applications, the Shark Tank India Season 1 team would analyze and shortlist some unique ideas. After which, the team would approach the selected candidates and explore more details about them.
They (candidates) will be required to elaborate the uniqueness and worthiness of their business idea within three minutes in a video format.
The three-minute video pitches would act as the second filtration process in handpicking the best future entrepreneurs. After that, the individuals whose pitches get selected would get called for multiple rounds of auditions and group discussions.
Also, the auditioning process marks the third and final filtration process as here the definitive list of the individuals would get prepared who would face the Judges.
Meeting with the Sharks
This stage would give the selected candidates to present their business pitches in front of the Sharks, whose name remains a secret.
After which, a final offer would get offered to the best pitches by the Sharks!
We at the Robust Story hope that the Shark Tank India Season 1 would unlock the doors of opportunities for many individuals and also provide international recognition to the Indian Entrepreneurial Scene.