A LinkedIn user has questioned how qualified the judges of Shark Tank India are to run the show.
Shark Tank India is all about helping aspiring business owners by persuading some of the biggest and most successful CEOs in the country to invest in their venture. While BharatPe co-founder Ashneer Grover was arguably the most popular shark in Season 1, he has been replaced by CarDekho CEO Amit Jain in the second season of the show. Now, there is a war of words going on on LinkedIn about how qualified the judges of Shark Tank India really are to run the show.
Bestselling author Ankit Uttam on Amazon first wrote about the financial condition of businesses run by sharks. His analysis revealed that some of the judges' companies had posted huge losses. He wrote that Vinita Singh's SUGAR Cosmetics reported a loss of ₹75 crore in FY22 as against ₹21.1 crore in the financial year FY21. Piyush Bansal's Lenskart posts consolidated loss of ₹102.3 cr in FY22, user wrote Amit Jain's CarDekho posts loss of ₹246.5 cr in FY22.
The user says that Anupam Mittal, the owner of companies like Shaadi.com, Makaan.com and Mauj Mobile, does not give the numbers of Shaadi.com. They claim that brands other than Shaadi.com are either extinct or not profitable enough.
A LinkedIn user has compared Namita Thapar with Ananya Panday in Bollywood over "nepotism" as Thapar is not the founder of Emcure Pharma. Bollywood," wrote the user.
According to user, the only business that has been successful since its inception is boAt by Aman Gupta.
Ankit Uttam's LinkedIn post has received some scathing reactions. One of the users pulled up Namita Thapar for defaming her. “You are maligning Namita just because she inherited a company. By that logic, don't you think promoters of all top Indian companies including Mukesh Ambani and Ratan Tata will be disqualified," the user wrote.
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