The popular business reality show, Shark Tank India, garnered much attention when it released its first season in 2021. The show is the Indian franchise of the American show, Shark Tank and features entrepreneurs making business proposals to the panel of investors, also called as sharks. The first season’s panel featured sharks like Aman Gupta, Anupam Mittal, Ashneer Grover, Ghazal Alagh, Namita Thapar, Peyush Bansal and Vineeta Singh.
The show’s success was such that the makers came up with another season in January 2023. In season 2, CarDekho founder, Amit Jain replaced BharatPe founder, Ashneer Grover. Many loved the second season, while many criticised the makers for making it melodramatic. And now, the show is returning in January 2024 with its third season and six new sharks.
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As everyone is excitedly waiting for the latest season of Shark Tank India, let us delve into more details about the six new sharks on the show's panel.
Ritesh Agarwal is the man who changed the face of the hospitality sector with its budget-friendly hotels, OYO Rooms. Born to a Marwari family in Bissam Cuttack, Odisha, Ritesh Agarwal is now counted as one of the youngest billionaires. He is the youngest shark on the panel. While studying in school, Ritesh started selling SIM cards at the mere age of 13.
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While studying in college, Ritesh started a budget accommodation portal, Oravel Stays. However, it was in 2013, when he launched Oyo Rooms after receiving the Thiel Fellowship in 2013. He received a grant of USD 100,000, which changed his life forever. A college dropout, Riteish pursued his dream and became one of the leading names in the business world. At the mere age of 30, his net worth is estimated to be at Rs. 16,462 crores.
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CEO and founder of Zomato, Deepinder Goyal, is another new shark to join the Shark Tank India season 3 panel. Right from menus to reviews, Zomato covers all the aspects of a restaurant and delivers food in almost every Indian city. Hailing from a middle-class family with a modest upbringing, Deepinder graduated from IIT Delhi in 2005.
While working at Bain and Company, Deepinder collaborated with his colleague Pankaj Chaddha in 2008 and launched FoodieBay.com, which later became Zomato.com in 2010. After receiving initial funding in 2011, they got funding from several investors and achieved the status of a unicorn in 2018. As per multiple reports, Deepinder’s net worth is Rs. 2030 crores. The entrepreneur has acquired 15 startups.
Radhika Gupta is the MD and CEO of Edelweiss AMC. Born to a diplomat father, Radhika moved across continents. Born in Pakistan with a birth complication, Radhika ended up with a broken neck. Graduate From The Wharton School, Radhika started her career in 2005 with McKinsey and Company as a Business Analyst.
In 2009, Radhika founded Forefront Capital Management, which was acquired by Edelweiss Financial Services Limited in 2014. Radhika later helped the company with the acquisition of Ambit Alpha Fund and the onshore business of JPMorgan Asset Management. Radhika has been associated with Edelweiss Mutual Fund since 2017 and has been a leading force towards the company's growth. She is recognised by the World Economic Forum (WEF) as a Young Global Leader. Apart from this, Radhika is also an accomplished author. Radhika Gupta reportedly has a net worth of Rs. 41 crores.
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Azhar Iqubal is the CEO and co-founder of Inshorts, which is one of India's leading news apps. An IIT dropout, Azhar, along with his classmates, started a Facebook page called ‘News in Shorts’, providing news in a short format. Azhar later built a smartphone application of the same with the name Inshorts, which is currently worth Rs. 3700 crores.
After the immense success of Inshorts, Azhar Iqubal also ventured into a company by the name, Public, which is a location-based information app. As of now, it reportedly has over 50 million active users. The estimated net worth of Azhar Iqubal is reported to be Rs. 500 crores.
Born as Rohinton Soli Screwvala, popular film producer, Ronnie Screwvala will be one of the new sharks in the business reality show, Shark Tank India season 3. Ronnie founded the entertainment conglomerate UTV in 1990, which was acquired by Walt Disney in 2012. Apart from the entertainment sector, Ronnie is the founder of multiple companies. In the 1980s, Ronnie launched LazerBrushes, which later became the largest toothbrush manufacturing company.
Currently, he is the chairperson of the Edtech company upGrad. He also runs a private equity firm, Unilazer Ventures. The ace film producer also owns a sports business called USports and has invested in multiple startups. In 2014, Ronnie launched RSVP Movies and re-entered the film production business. Named on Esquire's list of the 75 Most Influential People of the 21st Century, Ronnie Screwvala’s estimated net worth is reported to be Rs. 12,800 crores.
Varun Dua is the founder and CEO of Acko, a private-sector general insurance company. Acko was founded in 2016, and the company follows an online-led model. All the operations for the company are offered through the digital platform. Acko became a unicorn after raising 255 million dollars in funding in 2021. With more than ten years of experience in the insurance market, Varun is a serial fintech entrepreneur.
Before setting up Acko, he founded India’s leading insurance aggregator, Coverfox, in 2013. A graduate of Mumbai University, Varun garnered a lot of appreciation for building better business processes. Varun also served as a marketing manager at Franklin Templeton Investments. Details about Varun’s net worth are not available on social media.
We are eagerly waiting to see these new sharks on the Shark Tank India season 3 panel and their expertise on the show.
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