OYO founder and CEO Ritesh Agarwal recently shared that he did not know how to read or interpret a balance sheet when he started the company. The Shark Tank India judge said this while lauding the popular business reality show for making fundamental concepts of business easy for the viewers to understand.
"Amidst all the fun on Shark Tank, what the show does really well is touch upon some of the most fundamental concepts of business and entrepreneurship in a simple manner. When I started OYO, I had no clue how to read or interpret a balance sheet," the "shark" wrote on X. "I am glad to see Shark Tank India taking these conversations mainstream."
Ritesh Agarwal had recently also addressed allegations of Shark Tank India judges delaying payment of funds to the winning pitchers. Speaking to Hindustan Times, the OYO founder said that he aims to increase transparency regarding investments in the show.
"It is critical to make sure that there is a very high level of detailing about the investments we make. Maybe because the entrepreneurs changed their minds or the estimates of their financials are different… I think our intention is to transparently communicate that," he told the publication. "My job will be to see how much transparency I can bring in terms of start-up investment so that there’s even more excitement among founders."
Read more: Ashneer Grover highlights how Shark Tank India continues to use his name for views
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