Mind-Blowing Innovations That Stole the Show : Shark Tank India Season 2
A total of Rs. 81.16 crores invested in Season 2
16 March 2023
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Jayashri Ghorpade
The second season of Shark Tank India came to an end on March 10, 2023, with investors including Namita Thapar, Aman Gupta, Peyush Bansal, Anupam Mittal, Vineeta Singh, and Amit Jain.
Total investment in the season amounted to Rs. 81.16 crores, exceeding the success of its popular predecessor, Shark Tank India season 1.
During the season, Unstop, Paradyes, Zoff, Dhruv Vidyut and Mahantam delivered impressive pitches that captivated the judges.
Shark Tank India's second season has made a remarkable impact on India's entrepreneurial revolution. The show witnessed an extraordinary phenomenon where entrepreneurs received more investment than they asked for. It's a must-watch show for those who recognize India's innovation potential. With a diverse range of innovative ideas, the second season highlights only a fraction of India's entrepreneurial capabilities.
The second season of Shark Tank India is showcasing a tremendous pivot in scale and innovation, with investment bids reaching up to Rs. 5 crores in just the last week. This serves as a grand testament to the potential of Indian innovations. Here are some of the jaw-dropping inventions presented by our fellow countrymen on the show.
ZOFF FOODS
ZOFF FOODS, a bootstrapped business founded in 2018 by siblings Akash and Ashish Agrawal, caught the attention of 4 out of the 5 Sharks on the show with its pioneering cool grinding technology. The fully mechanized production plant maintains the purity, aroma, and pungency of the spices produced, and its four-layer zip lock packaging resists external temperature. Aman Gupta of boAt won the bid for Rs. 1 crore in exchange for 1.25% equity. With this success, it remains to be seen where ZOFF goes next.
UNSTOP
Unstop raised the stakes for entrepreneurs in this season of Shark Tank with its impressive pitch. Originally called Dare2compete and founded by Ankit Agarwal in 2017, the company was rebranded as UNSTOP in May 2022. It is an Early Talent Engagement & Hiring Platform that connects students worldwide to a range of opportunities. UNSTOP’s CEO initially asked for Rs. 1 crore in exchange for 1% equity, but a series of negotiations with the sharks resulted in an investment of Rs. 2 crore for 4% equity, split equally among Amit, Anupam, Aman, and Namita. This was the first time in Shark Tank's history that a shark had offered an investment as high as Rs. 5 crore to a startup, but UNSTOP's CEO managed to secure an even better deal.
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DHRUV VIDYUT
Dhruv Vidyut is an innovative electric device that can convert any regular bicycle into an automatic vehicle in less than 20 minutes. It is wifi enabled and can track location, speed and distance of the vehicle, and can be charged by pedaling itself. With a manufacturing cost of only Rs. 9000, Dhruv Vidyut impressed every Shark. Owner Gursaurabh Singh caught every shark’s attention with his non-monetary ask of 100 hours of the Sharks’ time in exchange for 0.5% equity in the company.
MAHANTAM
Jayesh & Dhaval, two friends from Gujarat, created Mahantam, an innovative utensil washing machine designed for tea stalls in India. With its compact size and simple design, Mahantam ensures the hygienic serving of tea by washing 12-15 glasses in 30 seconds. The owners asked for Rs.30 lakhs for 10% equity at a valuation of Rs. 3 crores and closed an all-shark deal for Rs. 30 lakh at 20% equity after negotiations.
OLL
OLL, an initiative by 18-year-old Shreyaan, offers 600 new-age skills related to blockchain, cryptocurrency, and robotics to students. Shreyaan's audacity and confidence left the sharks highly impressed, and they wanted to invest in his potential. OLL initially asked for Rs. 30 lakhs for 2% equity, but after negotiations, Shreyaan Daga secured Rs. 30 lakhs in exchange for 5% equity at a valuation of Rs. 6 crore with Sharks Peyush and Vineeta.
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