RPG Group chairperson Harsh Goenka has sparked a debate on social media after sharing the losses that some of the judges of the popular reality show Shark Tank India have been facing. On the show, the "sharks" invest in select startups that pitch their businesses and act as their guide and mentor. But, some companies run by the "Sharks" have been experiencing losses as deep as Rs 68 crore.
"I still love watching #SharkTankIndia," the industrialist wrote on X. "But it seems some of our sharks are still navigating choppy waters. There’s more ‘bleeding’ in the tank than I thought!"
He also shared details of the companies running in red. According to it, Vineeta Singh's Sugar Cosmetics reported a loss of Rs 68 crore, while Aman Gupta's boAt incurred a loss of Rs 54 crore. Shaadi.com, run by Anupam Mittal, faced a loss of Rs 18 crore, and Peyush Bansal's Lenskart, recorded a loss of Rs 10 crore.
In a separate post on January 22, Goenka had said that although he considers Shark Tank India to be a great platform for budding entrepreneurs, "but whenever I think of sharks, I think of the movie ‘Jaws’ and bleeding!" He also shared the details of the money companies run by the "sharks" have been losing.
Responding to it, and founder of Shaadi.com Anupam Mittal said that the data shared was incomplete and misleading.
“I know you meant it in jest so with all due respect sir, I think u reacted to what appears to be superficial, biased and incomplete data,” he said. He added, “Happy to learn from stalwarts, but just to clarify, like u, the sharks don’t bleed red, we bleed blue and that’s why we do what we do.”
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