Anupam Mittal, the founder of Shaadi.com and one of the judges of business reality show Shark Tank India has said that the startups he invested in during the show have grown manifold within months.
Taking to Instagram, Mittal shared a picture with Rajat Jain, founder of Sunfox Technologies, who developed a portable ECG device 'Spandan' and wrote that the company's sales had grown up to five times since Shark Tank India.
"An intense strategy session with Rajat Jain of Sunfox Technologies the ECG device maker we funded on Shark Tank India. Since November, their sales are up 5x." Mittal wrote on Instagram.
"In fact, many of the companies I have invested in have seen their sales soar from 3X to 25X in a few months. Do I just pick them right, is it the #sharktankindia magic or a bit of both? What do you think?”
A post shared by Anupam Mittal (@agmittal)View this post on Instagram
Anupam Mittal's post drew reaction from several fans. One of them wrote, "In my opinion it’s a bit of both! Shark Tank gave them a platform to receive opinion and feedback and then there’s you who very thoughtfully chooses after having so much experience! Hats off and congratulations on yet another successful venture."
Another Instagram user commented, "Actually, it's your right choice of investment and magic of perfect strategy and hard work."
When Sunfox Technologies pitched its product to the "Sharks", it was touted as one of the most effective business proposals in the show on Shark Tank India.
Thanks to #Spandan, a pocket sized ECG device, many lives can be saved. Congratulations #Spandan on your ALL-SHARK deal! We wish you the best for your future. pic.twitter.com/SjF3Nc792q
— Shark Tank India (@sharktankindia) February 6, 2022
All the seven judges were interested in investing in their portable ECG device and had jointly offered to invest Rs 1 crore for 6 per cent equity of the company.