Sony Entertainment Television’s Shark Tank India has opened registration for its upcoming season. The show is searching for individuals who are home business owners, currently running a company, or in the process of starting one up, as well as those with innovative business ideas.
If you’re interested in applying for Shark Tank India or simply keen on learning about the process, you’ve come to the right place. This blog will cover all that and more. Let’s get started!
Shark Tank India: An Overview
Before we get into the registration process for Shark Tank India, let’s talk about the reality show.
Shark Tank, the acclaimed and multi-Emmy Award-winning reality series, has become a cultural phenomenon that inspires people to aspire for sizeable things in the business world.
Featuring a group of hardy, self-made multi-millionaire and billionaire tycoons called the Sharks, the show seeks out the best companies and products to invest in. It gives people from all walks of life the chance to pursue their dreams and secure business deals that can transform them into millionaires.
In 2021, Shark Tank India debuted on television as the Indian adaptation of the world’s leading business reality show. The show quickly gained a following and became a standout among business reality programs.
This reality TV show has transformed many people’s views on entrepreneurship and business and continues to inspire a new generation of business leaders in India.
Name of Sharks on Shark Tank India
- Aman Gupta (Co-Founder and CMO of boAt)
- Peyush Bansal (Founder & CEO of Lenskart.com)
- Namita Thapar (Executive Director of Emcure Pharmaceuticals)
- Anupam Mittal (Founder and CEO of Shaadi.com People Group)
- Vineeta Singh (Co-Founder and CEO of SUGAR Cosmetics)
- Amit Jain CEO and Co-founder CarDekho Group, InsuranceDekho.com
Eligibility Criterion For Shark Tank India
In order to be eligible to apply for the show, individuals must meet the following criteria:
- They must be Indian citizens.
- They must be 18 years old.
- They must be in good physical and mental condition.
- Proxy entries, including those made on behalf of family members, will not be accepted. Each person must enter the exhibition themselves.
- Participation in the show is free of charge. No admission fee is required.
Stark Tank India Registration Process
The organizers of Shark Tank India have opened up registration to participants from all corners of the country. However, getting selected for this challenge will require careful consideration of the potential teams.
Once the Shark Tank team has made their selection, successful applicants will receive a significant boost and the chance to start anew.
Let’s discuss the registration process in detail.
Shark Tank India Registration Explained
Listed below are the steps to register for Shark Tank India:
Step 1:
Go to the Shark Tank India website or download the SonyLIV app from Google Play or the Apple App Store to register online for Shark Tank India. On the app’s homepage, click the Shark Tank India graphic to get directed to the registration page.
Afterward, enter your mobile number to receive an OTP and input it on the following page to proceed.
Step 2:
Select your preferred language, read and accept the terms and conditions, and submit the form. The next page will provide you with additional information about the application process.
Step 3:
Enter your personal information, including your address, educational background, and work experience.
Step 4:
In the second section of the Shark Tank India registration form, provide information about your business, such as its name, sector, and a brief description. Include a photo of your product and any necessary safety documentation.
Specify how much money you plan to raise and the percentage of equity you are willing to offer in return for investment.
Step 5:
Answer questions regarding legal problems, bankruptcy, previous television experience, and any past discussions of your business concept on another show.
Step 6:
Write a 250-word self-description and sign a declaration form stating that neither you nor your company is subject to any confidentiality obligations. Click “Submit” to complete the application process.
Details About the Auditing Round
The Audition Phase for Shark Tank India is the second stage of the selection process, which follows the initial registration and screening of candidates. During this phase, the candidates need to submit a 3-minute video pitch that highlights their business idea and showcases their company’s unique selling points.
To be well-prepared for this phase, candidates must have their company’s key performance metrics at hand while creating the video pitch. Once the application has been reviewed, successful candidates move on to the final round of the selection process.
In the final round of the audition, candidates are invited for a “face-to-face” session that takes place in select cities. The Shark Tank India team will inform the candidates of the location for their audition and conduct a thorough assessment of the candidate and their companies.
This phase is crucial as it determines which candidates will move on to the next stage of the process. To proceed to the next stage, the entrant must provide a hard copy of their business proposal and a visual representation of their prototype or product in the form of a video.
They should also submit all relevant certifications for trademarks and intellectual property rights with identification documents for KYC verification. The entrant is required to present essential financial information, including income tax reports of the company.
Moreover, the participant must provide evidence of any capital raised so far, details of any loans taken, and details of other potential investors.
Once the judges have shortlisted the top three candidates, they will get invited to present their final pitch to the panel at the Mumbai-based Shark Tank facility. Any further communication during the competition will be via email or phone with the SonyLIV production team.
Tips For A Successful Shark Tank India Application
- Practice your opening pitch and keep it concise.
- Do not try to deceive the sharks with flowery language or insider jargon.
- Be knowledgeable about the numbers and hire a CPA if necessary.
- Be fair in your funding requests.
- Be fair in your offer of shares in your company.
- Watch previous episodes to learn from successful and unsuccessful pitches.
- Research the sharks and their past investments to find the best fit for your business.
FAQs on Shark Tank India Registration
Here are some frequently asked questions on Shark Tank India Registration:
What makes Shark Tank India so popular?
Shark Tank India is a one-of-a-kind Indian show that focuses on business strategy and investment. Its unique format and emphasis on entrepreneurship make it an interesting program for young people who’re interested in pursuing business ventures.
How does Shark Tank India support entrepreneurs?
Shark Tank India has helped to promote an entrepreneurial mindset among viewers and has inspired many to pursue their own business ideas. By showcasing the strategies and successes of successful entrepreneurs, the program provides valuable insights and resources that can help aspiring business owners succeed.
What is the minimum age for Shark Tank India registration?
An individual must be 18 years old to apply for Shark Tank India.
How can I participate in Shark Tank India?
To access the Shark Tank platform, you have two options: either visit http://www.sharktank.sonyliv.com or download the SonyLIV app. Once you’re on the platform, you’ll get asked to provide your mobile number to generate a six-digit OTP (one-time password). After entering the OTP, you can select your preferred language, either English or Hindi. Then, agree to the terms and conditions before getting directed to an online registration form.
Fill in your application to Shark Tank India and seize the opportunity to present your business pitch to seasoned investors, compelling them to invest in your venture.
In addition to potential investment opportunities, appearing on national television provides valuable exposure for your brand and products. Don’t miss out on this incredible chance to take your business to the next level.
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