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In the third season, Agarwal will join Lenskart founder Peyush Bansal, Shaadi.com founder Anupam Mittal, Boat founder Aman Gupta, Sugar Cosmetics founder Vineeta Singh, Emcure Pharmaceuticals’ executive director of India business Namita Thapar and CarDekho Group CEO and cofounder Amit Jain.
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In a post on X (formerly Twitter), Agarwal said “@sharktankindia
made entrepreneurship a household conversation and I am excited to be a small part of Season 3 and support more entrepreneurs emerging out of every corner of India.”
Shark Tank is a reality television show where entrepreneurs pitch their business models to a panel of investors. It was first conceived and aired in the US.
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The first season ran from December 2021 to February 2022 and also featured BharatPe cofounder Ashneer Grover. In the second season, Grover was replaced by CarDekho’s Jain on the panel of judges.
ET reported in July this year that more than a year after Shark Tank India Season 1 aired on television, seven of the so-called sharks (investors) completed only 28, or over 40%, of the 65 soft commitments they had agreed to deploy in startups that participated in the show, according to an analysis by PrivateCircle Research.
And, in value terms, of the Rs 40 crore that these sharks had committed to invest, only 17 crore was invested till July 12, 2023, the analysis revealed.
In June, Mittal took to LinkedIn to say that deal completion for investments approved on the reality show can take three to nine months, depending on the readiness of the companies.