Startups that got rejected in Shark Tank India but became successful
There are lots of startups pitch in this show but it is not necessary that all of them get a cheque. There can be many reasons for it including Sharks did not like their business idea, the business might not be profitable as per them or there are chances that sometimes founders are not able to make judges understand about their startup and future plans.
To start a new company, one needs talent, vision, hard work, desire, and most important funding. Even if a person uses his savings to start a firm, they need external funding at one point in time. Shark Tank India is a platform to raise external funding to meet company's expansion plans.
What is Shark Tank India?
On this platform, startup founders pitch their ideas and business models in front of a panel of investors so that they can convince them to invest money in their company in exchange for the company's stake. This is an Indian version of an American reality television show named 'Shark Tank'.
What is Shark Tank India?
On this platform, startup founders pitch their ideas and business models in front of a panel of investors so that they can convince them to invest money in their company in exchange for the company's stake. This is an Indian version of an American reality television show named 'Shark Tank'.
Startups show
However, there are lots of startups pitch in this show but it is not necessary that all of them get a cheque. There can be many reasons for it including Sharks did not like their business idea, the business might not be profitable as per them or there are chances that sometimes founders are not able to make judges understand about their startup and future plans.
Startups that got rejected in Shark Tank India
In this article, we will discuss five startups that got rejected by Sharks but later raised external funding. They are also one of the successful startups.
1- Theka Coffee
Started in 2017, Theka Coffee appeared in the first season of Shark Tank India. However, he did not get any funding from the show. But later, the startup raised external funding and was valued at Rs 120 crore.
2- Urban Monkey
Streetwear brand Urban Monkey also got rejected at Shark Tank India is now a Rs 100 crore startup.
3- Torch-it
Startup Torch-it deal was also not materialised at Shark Tank India but it is currently a Rs 75 crore firm.
4- Qzense Labs
Currently, a Rs 400 crore valuation company, Qzense Labs also got rejected by Shars.
5- Moonshine
Today, the startup is valued at Rs 160 crore which was once rejected at the Shark Tank India platform for funding.