One of Shark Tank India 5's most memorable and unexpected moments was when a well-known person entered the show, but not with the intention to raise money.
IIT Delhi graduate and Competishun co-founder Mohit Tyagi, also known as MT Sir, is back, but not as a pitcher. His own journey through competitive education, desire, failure, and redemption served as the inspiration for the Sony LIV original series, 13th Some Lessons Aren't Taught in Classrooms.
The same person who once pitched as an ed-tech in the 3rd season of the show and also walked away without getting a deal from the sharks in now headlining a show that is already generating excitement and creative waves among the fans.
As Shark Kunal Bahl perfectly said, ““Pehle pitcher banke aaye the, funding nahi mili... iss baar toh poora show mil gaya!”
Talking about the full-circle moment, Mohit shared, “The last time I stood on that stage, I left without a deal but with a fire lit inside me. That journey led to 13th, a story not just about me, but about every student and teacher fighting for a second chance.”
Previously, Shark Tank India judge Anupam Mittal has clarified a common misunderstanding regarding the program's investing procedure.
In an interview he said, “"The real evaluation starts after filming, when extensive checks are made," he said.
"We perform diligence after the shoot. If you have outright lied, then obviously you will fail the test. However, if there is a five to ten percent difference, it is not a huge concern,” he said.
He also compared the cheque that is shown on the television to a venture capital deal's non-binding term sheet. "Even in the real world, forget Shark Tank India; the cheque we give on the tank is equivalent to the term sheet. It is when the VC invests; the deal is done."
While concluding he said, “The term sheet consistently states ‘non-binding' term sheet, meaning that I am not bound to you. This is a non-binding cheque as well, which means that if there is diligence and one does not pass, the deal is off the table.”
13th Some Lessons Aren't Taught in Classrooms is streaming exclusively on Sony LIV.
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