Shark Tank is a television show where aspiring entrepreneurs pitch their business ideas to the successful investors, in hopes to get some funding and mentorship, which will help their business to grow and reach the potential. Here Entrepreneurs present their business models and prototypes and if the investor likes their ideas than they will provide them funds with certain percentage or partnership of their company. This show Educates viewers on business, investment and innovation. Some people wants to know that How to reach Shark Tank India or How to get a Shark Tank deal? Well, This this post will help you to solve your confusion.
How Shark Tank Work?
Shark tank Encourages entrepreneurship and Helps startups to gain visibility and resources. After showing the idea of the entrepreneurs, The Sharks ask questions, analyze and may choose to invest their own money in exchange for equity or a stake in the company. They make real negotiations and deals, with the entrepreneurs.
Here’s how Shark Tank works, step by step:
Step 1: At first Entrepreneurs apply to be on the show. After that their team will be select the candidates based on the idea, market potential and presentation of their product.
Step 2: If the entrepreneurs selected, they have to enter the “Shark Tank” and make a short pitch. Where They have to explain What their business or product is, How much money they are asking for, What they plan to do with the investment etc.
Step 3: If the sharks likes their idea, they Make an offer with different terms such as more equity, royalty, etc. If both parties agree, a verbal deal is made on the spot.
Benifits of Shark Tank?
•Entrepreneurs can receive cash, mentorship and business guidelines to scale their business.
•Even if entrepreneurs don’t get a deal on sharktank, they often benefit from public exposure and people will know about their business.
•Some businesses see a big spike in sales after coming the shark tank— this is one of the marketing technique to grow a business.
•Entrepreneurs receive honest feedback from the top business minds, they can show the right path and helps to refine their ideas.
How To apply Shark Tank India?
Step 1: Visit the Official Website https://sharktank.sonyliv.com
Step 2: Complete your registration process. Fill the application form with Your personal & business details, Product or service information, Financial details, Why you want to pitch on Shark Tank.
Step 3: Submit a short video introducing yourself and your business. (Optional)
Eligibility & Required Documents-
• You Must be an Indian citizen.
•Age should be 18+.
• KYC documents, company registration, financials (ITR, bank statements), funding/trademark/IP documents.
Conclusion:
If you meet the above conditions, you’re eligible to apply on sharktank India through the SonyLIV app or official Shark Tank India registration Portal. If you’re ready to bring your idea and take a shot on entrepreneurship, start by registering on SonyLIV today. Shark Tank is not only provides funding opportunities but also offers national exposure and mentorship to the upcoming entrepreneurs.