Shark Tank India Season 3 Start Date: {Sony Tv, Time, Channel Number, Eligibility}

The concept of Shark Tank India emerged from an American Reality Show Shark Tank which was first aired in 2009. It’s a business reality show where entrepreneurs from all over India participate to seek funding from the sharks. The entrepreneurs pitch their business model, net valuation, unique USP & other strategies to the sharks (judges) based on which they decide whether they’ll fund that business or not.

So far, more than 67 businesses have received investment from sharks in Season 1 & 27 startups have secured funding in Season 2. Till date, Shark Tank India Season 2 judges have made an investment over 100 Cr by funding various amazing businesses like Cakelicious, Unstop, Janitri, House of Chikankari, Angrakha, Medulance, Snitch, Paradyes, Mahantam, Sahayatha, Nisha Hair, etc.

Following the tremendous success of Shark Tank India Seasons 1 and 2, the creators have announced the eagerly awaited Shark Tank India Season 3, set to premiere on January 22, 2024. While the fundamental concept of the reality show remains unchanged, this season will introduce a fresh set of entrepreneurs vying for investment opportunities. The anticipation is heightened as the new batch of pitchers is expected to bring a higher level of competition to the acclaimed series.

Shark Tank Season 3 On Sony Entertainment TV

Shark Tank India Season 3 Eligibility Criteria

• The participant should be above 18 years or above
• The participant should be physically & mentally fit
• The participant should own an outstanding business product or concept

Mandatory Details

• Participant’s Full Name ( If there is more than 1 business owner then everyone’s details should be mentioned in the form)
• Gender, Date of Birth, Current Age, Home & Business Address, Contact Details, Email Address, Image & Additional Business Details

Also Read: Shark Tank India Judges Season 1 & 2

Registration Procedure Shark Tank India

• Step 1: Install the Sony LIV App either from the Play Store or the App Store or Register through official Shark Tank website
• Step 2: On opening the app you’ll see the Shark Tank India icon with the ‘Register Now’ option. Click on this to open up the Shark Tank India registration page
• Step 3: Enter your mobile number for verification purposes. You’ll receive a six-digit OTP on your mobile, which you have to enter for proceeding to the next step
• Step 4: Choose the relevant communication language (Hindi or English) at your convenience
• Step 5: Tick Mark on the ‘Terms & Conditions form, read all the clauses properly, and then submit the registration form
• Step 6: Fill in all the personal & professional details like address, educational background, work experience, etc
• Step 7: In the next section of the application form, one has to fill in all their business details like the company’s name, functioning sector, and what their business is about along with a high-quality product image
• Step 8: Participants are also required to get a safety document for their business prototype or product
• Step 9: Business owners now need to specify their funding requirements along with the equity percentage they’re willing to pitch to the sharks
• Step 10: In addition, participants also need to mention the existing stage of their business in the registration form
• Step 11: To proceed further, participants need to specify whether their company has ever fallen into any kind of legal trouble or has faced any kind of massive loss in the past
• Step 12: The candidate needs to reveal if he/she was legally stopped from being their business director or if was ousted from the company ever
• Step 13: Entrepreneurs need to clearly describe if it’s their first time facing national television or if they already have a good television experience. It’s necessary because those who have never encountered such a high scale need to be prepared on how to pitch in front of the camera
• Step 14: The applicants also need to mention if they have pitched the same business proposal on any other live show
• Step 15: An informative self-description of approximately 250 words needs to be submitted by the participants
• Step 16: The attendee also needs to sign a declaration form & guarantee that they and their company are not subject to any confidentiality duties and the producers won’t face any legal trouble if they release the company’s information online
• Step 17: Lastly, tap on the ‘Submit’ button & confirm your application submission

Also Read: Byju’s Edtech Startup In Talks To Raise $400 Mn (Soon In Decacorn Club)

Auditioning Stage

After completing the registration process, all the candidates are called for an audition by the producers. Here, one needs to make & submit a 3-minute video pitching their business to the makers.

To qualify for this audition round, the business owners need to disclose the key performance benchmarks report of their company. After clearing this round, the candidate makes it to the final selection round once their business proposal is cut short and edited by the makers.

In the final round, candidates need to attend a face-to-face interview which is conducted only in specific cities. All the guidelines about the interview round will be shared by the Shark Tank Team with the applicants. The final decision of selecting the pitchers is made by the Shark Tank India team who assesses the business on all the parameters according to their show guidelines.

Documents Required For Audition Round

• Handwritten business idea
• Video of their business idea & products
• Trademark & intellectual property certifications
• KYC documents
• Income tax reports
• Previous funding raised & other investors (if any)
• Applicable bank loans

Those who clear this round are called to the Shark Tank India studio in Mumbai for putting forward their business idea to the sharks. Pitchers are guided throughout their journey until they make it in front of the sharks via call or email by the Sony LIV production staff team.

Guide To Present Your Business Pitch

• Follow the instructions mentioned by the Shark Tank India Producer assigned to you
• Fill out the ‘crib sheet; given by the producer. The crib sheet comprises all the essential questions that sharks can ask you on the show
• Create a mind-blowing opening pitch to catch the attention of the sharks
• Be well versed with the financial aspects involved in your business like product rate, inventory, profit margin, successful sales & net profit each year, etc
• Make fair funding request and don’t ask for excessive funding from the sharks
• Watch previous season episodes and get an idea about how selected businesses pitched in the Shark Tank India, what’s business USP, how much funding & equity did they ask for to close the deal
• Perform in-depth research about the sharks, their companies, how they started, and what were the challenges they faced in their startup journey

Shark Tank India Season 3 Judges, Host & Pitchers

In Shark Tank India Season 1, Anupam Mittal (Founder & CEO Shaadi.com), Namita Thapar (Executive Director of Emcure Pharmaceuticals), Ashneer Grover (Ex MD-BharatPe & Founder-CrickPe), Aman Gupta (CMO & Co-Founder Boat), Vineeta Saini (CEO & Co-Founder Sugar Cosmetics), Ghazal Alagh (Chief Mama & Co-Founder) Peyush Bansal (Founder & CEO Lenskart) were featured in the judging panel.

The host for Season 1 was Ranvijay Singha however Rahul Dua replaced him in Season 2 and is the host for Shark Tank India Season 3 too. Amit Jain (Founder & CEO Car Dekho) was the new face amongst sharks who came in the place of Ashneer Grover in Shark Tank India Season 2. The audience was quite disappointed when they didn’t see Ashneer in the second season and there were many weird speculations in the news of him not being part of the show but at the end Season 2 was also successful.

The previous seasons have received immense much love from the audience that makers were bound to telecast the Shark Tank India Season 3. However, interesting element is the appearance of 12 sharks this season. Apart from Vineeta Saini, Aman Gupta, Amit Jain, Namita Thapar, Peyush Bansal and Anupam Mittal the new faces of the shark tank panel include Azhar Iqubal (Co-Founder and CEO of Inshorts), Deepinder Goyal (Founder & CEO of Zomato),Radhika Gupta (MD & CEO of Edelweiss Mutual Fund), Ronnie Screwvala (Co-Founder and Chairperson of UpGrad), Ritesh Agarwal (Founder & CEO of OYO Rooms) and Varun Dua (Founder and CEO of ACKO).

Shark Tank India Season 3 Trailer

The trailer has been launched on 14th January 2024 which shows Prakhar Mathur and Robin Gupta (Conscious Chemist Founders). Their pitch included that “Conscious Chemist” is a brand which focuses on science and makes skincare solutions according to all skin types. The packaging was liked by Vineeta Saini but there were counter questions and opinions by other sharks as well. To know whether they have secured a deal you’ve to watch Shark Tank India Season 3 on 22nd January 2023 on Sony LIV or Sony Entertainment Television.

Also Read: Sequoia Capital Backs 7 Indian Startups In The Third Batch Of Surge

Conclusion

Shark Tank India is an exclusive show which offers a central platform for growing business entrepreneurs for upscaling their business. Participants who get selected as pitchers need to demonstrate their ideas & product to sharks in exchange of funding and the equity they’re willing to offer. If you’re also a budding entrepreneur and want to achieve new heights in your business then try your luck in next season.

Frequently Asked Questions (FAQs)

Q) How many episodes were there in Shark Tank India Season 1?

Ans: There were 35 episodes in total in the Shark Tank India Season 1.

Q) Which shark has done the maximum investment in Shark Tank India Season 2?

Ans: Namita Thapar has made an investment worth Rs 19.06 Cr on Shark Tank India Season 2 which is the highest in comparison to investments made by other sharks.

Q) Which type of businesses can participate in Shark Tank India?

Ans: All types of business entrepreneurs ranging from different sectors can participate in Shark Tank India. However, more preference is given to businesses that exhibit unique business ideas.