How To Apply For Shark Tank India 2023?

Shark Tank India on Sony Entertainment Television has begun accepting registrations for its second season as of April 30. Anyone who is a home business owner, someone who runs a company or is just starting one up, or has a business idea, is eligible for Shark Tank India registration for the upcoming season. If you’re wondering how to apply for Shark Tank India, you’ve just ended up at the right place.

What is Shark Tank India?

The highly acclaimed and multi-Emmy Award-winning reality series Shark Tank is a business-themed program, which has influenced culture and encourages people to dream greater. The Sharks, a group of hardy, self-made multimillionaire and billionaire tycoons, look for the top companies and goods to invest in. People from all walks of life get the opportunity to pursue their dream and even land business deals that could turn them into millionaires.

Now, what is Shark Tank India? In 2021, the first season of Shark Tank India began on television. It is the Indian adaptation of the top business reality show on the globe. The program developed a sizable fan base and rose to prominence among business reality programs. The second season of the program is about to premiere on Sony TV and Sony LIV.

Shark Tank India has provided people with access to effective ideas and a platform to aid them in pursuing their objectives. A lot of people’s perspectives on business and entrepreneurship have been altered by a reality TV program.

One of the most popular and first business reality shows in India is preparing to amuse us with its second season. Fans are pumped for the forthcoming season after the show’s creators debuted their newest trailer last Sunday. With certain modifications to fit the new reality television, the schedule will continue to follow the same general structure as it did in the previous season. Business owners in India would have access to more investments, deals, and offers as a result.

In the latest trailer, a worried mother advises her son to get employment or risk becoming a gardener. When the gardener, who is nearby working hard, overhears this, he sarcastically draws them aside by quoting his revenue figures. As he describes how the gardening industry is now close to reaching Rs 2000 crore, he leaves them in disbelief. The same man is later shown pitching his model to renowned businesspeople on the floors of Shark Tank India.

Shark Tank India Season 2 will premiere on Sony TV and SonyLIV on January 2, 2023, Monday through Friday at 10:00 PM. The Shark Tank India registration has already started.

If you’re looking for more information on how to go to Shark Tank India, check this out.

The ‘Sharks’ This Season

• Anupam Mittal (Founder and CEO of Shaadi.com – People Group)
• Aman Gupta (Co-Founder and CMO of boAt)
• Namita Thapar (Executive Director of Emcure Pharmaceuticals)
• Vineeta Singh (Co-Founder and CEO of SUGAR Cosmetics)
• Peyush Bansal (Founder & CEO of Lenskart.com),
• Amit Jain CEO and Co-founder – CarDekho Group, InsuranceDekho.com.

How to Participate in Shark Tank India?

Shark Tank India registration will be accepted from all over the nation by the show organizers. If you’re wondering how to participate in shark tank India, know that it will take some time to determine which teams are most suited for this challenge under these circumstances. The Shark Tank team will give the individuals who are selected to participate in this program a boost and the opportunity to start over.

You can apply for the show online or through an app or portal on your mobile device. You can also apply by email. The Shark Tank India Registration link is provided on the official website, along with the show produced by Studio Next and the registration process.

Eligibility

• Only Indian citizens who are at least 18 years old as of June 18, 2021, are eligible to attend the exhibition.
• The person must be in good physical and mental health.
• Entries through a proxy, even for family members, will not be permitted; each person must enter the Show on their own behalf.
• There is no admission fee required to take part in the Show.

Shark Tank India Registration

Online Registration

The selection process and shark tank registration to appear on the show have been divided into two segments. In the first phase, the applicant has to complete Shark Tank Application Form for online Shark Tank India registration and convey basic information about themselves and their business.

Step 1: Install the SonyLIV App by first downloading it from the play store or app store. When the app’s homepage loads, the Shark Tank India image prompts users to “Register Now” right away. You can access the registration page by clicking the link. The applicant must input their mobile number in order to generate an OTP for verification in the first phase. On the following page, enter the OTP using a mobile device. The application can also be completed online at the Shark Tank website.

Step 2: The participant will next fill out the “Terms and Conditions” form and submit it after choosing their preferred language in the following stage. An instructional page that provides the applicants with fundamental information appears on the following page.

Step 3: The applicant must fill up their profile information in the following stage. Details like their residence, educational background, and line of work are requested in the first part.

Step 4: The applicant must include information about their company in the second area of the application, including the name of the company, the industry it belonged to, a concise statement of what the company did, and an upload of a picture of their product. If required, the applicant must acquire a safety document for their product or prototype. Along with the percentage of shares they were willing to offer in exchange for the investment, the applicant must also specify how much money they hope to raise from the show.

Additionally, there isn’t necessarily a demand for already existing enterprises from the event. Businesses that are just coming up with ideas are also welcome for the program. However, the form must indicate the stage the business is in.

Step 5: The applicant must then disclose whether their business has ever faced legal issues. Not all enterprises in our nation are registered because there are so many SMEs that are home-run or small local businesses. Additionally, the applicant must state whether their business has ever filed for bankruptcy.

Additionally, the applicant must state whether they were in any way legally barred from serving as the director of the company they were promoting. The applicant must also state whether they have any prior television experience and whether they have already presented the same business idea on another show that has been broadcast.

Step 6: The participant must submit a 250-word self-description as part of the final step, and they must also sign a final declaration form stating that neither they nor their company is bound by any confidentiality obligations. This is done to ensure that disclosing the company information won’t put the show’s producers in jeopardy legally. The applicant may now select “Submit.”

Audition Stage

The initial phase of the selection procedure and shark tank registration is now complete. While the first round reveals whether the applicant has a strong business concept, the second stage entails an audition so that the producers may learn more about the company in-depth. A 3-minute video pitching the applicant’s business concept must be made and submitted directly to the show. To complete the form for this phase, the applicant must have on hand their company’s key performance indicators. The applicant moves on to the third and final round of the selection process once the company proposal has been narrowed down.

The candidate must show up for a face-to-face interview that will be held in a few cities for the third stage of the audition. The Shark Tank India team will promptly inform the applicant of the city in which they must appear for their audition. The candidate and their business will be carefully evaluated by the team. The candidate must bring their business strategy in writing and a demonstration film of their prototype or product for this round. Additionally, the applicant must retain any applicable trademark and intellectual property certifications as well as identification documentation for KYC verification. This stage also requires the presentation of basic financial records, such as the company’s income tax returns.

The participant must also exhibit documentation supporting any funds they have already raised, bank loans, and, if applicable, other investors.

Following the selection of the finalists, the contestants will be called to the Shark Tank studio in Mumbai, where they will deliver their closing pitch to the panel of judges. There is a lengthy waiting period before the final shot. Every step of the way, the participant will be in contact with the SonyLIV production team via phone or email.

How To Get Selected For Shark Tank?

• You Are Guided Throughout The Entire Preparation Process By A Producer.

You will be given a producer when you get the call who will assist you in getting ready for the show. He or she is incredibly knowledgeable about the program and firmly in your corner, so pay attention and graciously take the criticism.

The producer will start by giving you a “crib sheet”—sort of a list of potential questions the sharks will ask you. Make sure all of your responses flow naturally.

Your go-to person for anything Shark Tank is the producer. Call without holding back if you have any queries or worries.

• Prepare And Practise Your Opening Pitch.

On your one-minute pitch from the initial audition, you can expand. Although there isn’t a defined duration for your opening statement, two minutes is a fair benchmark. Avoid droning on for too long and letting them drift away. You want to grab the sharks’ interest and pique their curiosity about you and your company. They’ll then start asking inquiries.

Include a brief introduction that briefly describes your company, your background, the inspiration behind starting it, and its current state. Do not pass up the opportunity if you can naturally inject comedy. Know it inside out and upside down to avoid seeming robotic.

• Avoid Attempting To Trick The Sharks.

• Know Your Numbers.

The time has come to discuss the figures. If necessary, hire a CPA so that you can respond to financial inquiries as if you are a CPA. Know your product’s cost, profit margin, cost of acquiring customers, existing inventory, predicted sales for this year, gross sales to date by year (the last three years), and net profit for each of those years.

• Be Reasonable With Your Ask.

Asking the sharks for an excessive amount of money is another surefire way to go away empty-handed. Regrettably, the sharks decided not to make an offer for that one reason. They would have jumped at the chance provided the ask had been smaller.

• Be Reasonable With Your Offer.

In a similar vein, the sharks will pass if you are hesitant to give up a respectable portion of the equity in your business. The sharks are lending you their name and reputation in addition to offering you a lot of money, their knowledge, and the expertise of their staff. How much value that adds to a business cannot be measured.

• Watch Earlier Shark Tank Episodes.

Don’t just watch and study! Take note of the businesspeople who are successful. Why did they succeed? Examine the businesspeople who were unable to close a deal. What happened? Make a note of any inquiries that should be added to the producer’s list.

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